CASSIOPEE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CASSIOPEE
Largest movements
- Cash +€54,259
up €54,259 (+8.7%), from €624,541 to €678,800
mainly Net result for the year (+€283,026) and Depreciation (+€17,901)
- Financial fixed assets +€50,000
up €50,000 (+8.6%), from €584,166 to €634,166
- Tangible fixed assets -€16,626
down €16,626 (-29.3%), from €56,809 to €40,183
- Reserves +€283,026
up €283,026 (+31.4%), from €901,141 to €1.2m
- Other debts -€179,581
down €179,581 (-84.8%), from €211,796 to €32,215
- Taxes +€10,924
up €10,924 (+9.0%), from €121,772 to €132,696
- Gross operating margin -€5,764
down €5,764 (-1.3%), from €443,661 to €437,897
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,267,593 | €1,358,473 | +€90,880 | +7.2% |
| Fixed assets | 21/28 | €640,975 | €674,349 | +€33,374 | +5.2% |
| Tangible fixed assets | 22/27 | €56,809 | €40,183 | -€16,626 | -29.3% |
| Furniture and vehicles | 24 | €56,809 | €40,183 | -€16,626 | -29.3% |
| Financial fixed assets | 28 | €584,166 | €634,166 | +€50,000 | +8.6% |
| Current assets | 29/58 | €626,618 | €684,124 | +€57,506 | +9.2% |
| Amounts receivable within one year | 40/41 | €2,077 | €5,324 | +€3,247 | +156.4% |
| Trade receivables | 40 | €1,927 | €4,924 | +€2,998 | +155.6% |
| Other amounts receivable | 41 | €150 | €400 | +€250 | +166.1% |
| Cash at bank and in hand | 54/58 | €624,541 | €678,800 | +€54,259 | +8.7% |
| Total equity and liabilities | 10/49 | €1,267,593 | €1,358,473 | +€90,880 | +7.2% |
| Equity | 10/15 | €961,141 | €1,244,167 | +€283,026 | +29.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €901,141 | €1,184,167 | +€283,026 | +31.4% |
| Distributable reserves | 133 | €901,141 | €1,184,167 | +€283,026 | +31.4% |
| Amounts payable | 17/49 | €306,452 | €114,306 | -€192,146 | -62.7% |
| Amounts payable within one year | 42/48 | €306,452 | €114,306 | -€192,146 | -62.7% |
| Trade debts | 44 | €1,250 | €1,669 | +€418 | +33.5% |
| Suppliers | 440/4 | €1,250 | €1,669 | +€418 | +33.5% |
| Taxes, remuneration and social security | 45 | €93,405 | €80,422 | -€12,983 | -13.9% |
| Taxes | 450/3 | €93,405 | €80,422 | -€12,983 | -13.9% |
| Other amounts payable | 47/48 | €211,796 | €32,215 | -€179,581 | -84.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,324 | €17,901 | -€424 | -2.3% |
| Other operating charges | 640/8 | €865 | €4,010 | +€3,145 | +363.7% |
| Gross operating margin | 9900 | €443,661 | €437,897 | -€5,764 | -1.3% |
| Operating profit (loss) | 9901 | €424,472 | €415,986 | -€8,486 | -2.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €199 | €264 | +€65 | +32.8% |
| Recurring financial charges | 65 | €199 | €264 | +€65 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €424,273 | €415,722 | -€8,551 | -2.0% |
| Income taxes | 67/77 | €121,772 | €132,696 | +€10,924 | +9.0% |
| Profit (loss) for the period | 9904 | €302,501 | €283,026 | -€19,475 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €302,501 | €283,026 | -€19,475 | -6.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.