CASSIOTIS: what changed
Two financial 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.
CASSIOTIS
Largest movements
- Receivables within one year +€37,943
up €37,943 (+103.6%), from €36,635 to €74,577
of which Trade receivables: +€37,765
- Debts after one year +€287,404
up €287,404 (+9.8%), from €2.9m to €3.2m
of which Other amounts payable: +€312,463
- Profit (loss) carried forward -€104,224
down €104,224 (-4.2%), from -€2.5m to -€2.6m
- Current portion of long-term debt -€74,997
down €74,997 (-75.0%), from €99,996 to €24,999
- Other debts -€46,901
no longer reported in 2025 (was €46,901)
- Staff costs +€32,990
up €32,990 (+42.0%), from €78,475 to €111,465
- Gross operating margin -€25,105
down €25,105 (-9.5%), from €263,650 to €238,545
- Depreciation +€10,509
up €10,509 (+5.0%), from €209,096 to €219,605
- Taxes -€3,504
no longer reported in 2025 (was €3,504)
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 | €3,634,573 | €3,711,881 | +€77,308 | +2.1% |
| Fixed assets | 21/28 | €3,593,909 | €3,609,280 | +€15,372 | +0.4% |
| Tangible fixed assets | 22/27 | €3,587,166 | €3,602,537 | +€15,372 | +0.4% |
| Land and buildings | 22 | €3,543,694 | €3,555,571 | +€11,877 | +0.3% |
| Furniture and vehicles | 24 | €43,471 | €46,967 | +€3,495 | +8.0% |
| Financial fixed assets | 28 | €6,743 | €6,743 | = | 0.0% |
| Current assets | 29/58 | €40,664 | €102,601 | +€61,937 | +152.3% |
| Amounts receivable within one year | 40/41 | €36,635 | €74,577 | +€37,943 | +103.6% |
| Trade receivables | 40 | €8,493 | €46,259 | +€37,765 | +444.7% |
| Other amounts receivable | 41 | €28,142 | €28,319 | +€177 | +0.6% |
| Cash at bank and in hand | 54/58 | - | €23,548 | +€23,548 | |
| Deferred charges and accrued income | 490/1 | €4,030 | €4,475 | +€446 | +11.1% |
| Total equity and liabilities | 10/49 | €3,634,573 | €3,711,881 | +€77,308 | +2.1% |
| Equity | 10/15 | €500,385 | €396,161 | -€104,224 | -20.8% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,499,615 | -€2,603,839 | -€104,224 | -4.2% |
| Amounts payable | 17/49 | €3,134,188 | €3,315,721 | +€181,533 | +5.8% |
| Amounts payable after more than one year | 17 | €2,941,407 | €3,228,811 | +€287,404 | +9.8% |
| Financial debts | 170/4 | €25,059 | - | -€25,059 | |
| Other amounts payable | 178/9 | €2,916,348 | €3,228,811 | +€312,463 | +10.7% |
| Amounts payable within one year | 42/48 | €192,639 | €83,803 | -€108,836 | -56.5% |
| Current portion of amounts payable after more than one year | 42 | €99,996 | €24,999 | -€74,997 | -75.0% |
| Financial debts | 43 | €2,611 | - | -€2,611 | |
| Credit institutions | 430/8 | €2,611 | - | -€2,611 | |
| Trade debts | 44 | €20,471 | €30,602 | +€10,131 | +49.5% |
| Suppliers | 440/4 | €20,471 | €30,602 | +€10,131 | +49.5% |
| Taxes, remuneration and social security | 45 | €22,661 | €28,203 | +€5,542 | +24.5% |
| Taxes | 450/3 | €11,170 | €12,783 | +€1,614 | +14.4% |
| Remuneration and social security | 454/9 | €11,491 | €15,420 | +€3,928 | +34.2% |
| Other amounts payable | 47/48 | €46,901 | - | -€46,901 | |
| Accrued charges and deferred income | 492/3 | €142 | €3,107 | +€2,965 | +2091.9% |
| Remuneration, social security and pensions | 62 | €78,475 | €111,465 | +€32,990 | +42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,096 | €219,605 | +€10,509 | +5.0% |
| Other operating charges | 640/8 | €5,414 | €5,583 | +€168 | +3.1% |
| Gross operating margin | 9900 | €263,650 | €238,545 | -€25,105 | -9.5% |
| Operating profit (loss) | 9901 | -€29,335 | -€98,107 | -€68,772 | -234.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,857 | €6,117 | +€1,260 | +25.9% |
| Recurring financial charges | 65 | €4,857 | €6,117 | +€1,260 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,193 | -€104,224 | -€70,032 | -204.8% |
| Income taxes | 67/77 | €3,504 | - | -€3,504 | |
| Profit (loss) for the period | 9904 | -€37,697 | -€104,224 | -€66,528 | -176.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,697 | -€104,224 | -€66,528 | -176.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.