CASSIUX: 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.
CASSIUX
Largest movements
- Tangible fixed assets +€241,503
up €241,503 (+53.5%), from €451,338 to €692,842
of which Land and buildings: +€187,157
- Receivables within one year +€64,163
up €64,163 (+11.7%), from €546,282 to €610,445
of which Trade receivables: +€199,870
- Debts after one year +€193,937
up €193,937 (+37.1%), from €522,849 to €716,786
of which Financial debts: +€176,874
- Other debts +€107,963
up €107,963 (+2763.7%), from €3,907 to €111,870
- Short-term financial debts -€15,933
no longer reported in 2025 (was €15,933)
- Profit (loss) carried forward +€14,402
up €14,402 (+3.4%), from €419,570 to €433,972
- Gross operating margin -€18,659
down €18,659 (-12.9%), from €145,195 to €126,536
- Taxes -€11,702
down €11,702 (-52.0%), from €22,493 to €10,791
- Depreciation +€6,473
up €6,473 (+13.6%), from €47,674 to €54,148
- Other operating charges +€3,911
up €3,911 (+50.9%), from €7,691 to €11,601
- Staff costs +€1,551
up €1,551, from -€142 to €1,410
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 | €1,091,383 | €1,407,327 | +€315,944 | +28.9% |
| Fixed assets | 21/28 | €451,338 | €692,842 | +€241,503 | +53.5% |
| Tangible fixed assets | 22/27 | €451,338 | €692,842 | +€241,503 | +53.5% |
| Land and buildings | 22 | €326,550 | €513,707 | +€187,157 | +57.3% |
| Furniture and vehicles | 24 | €46,905 | €61,264 | +€14,359 | +30.6% |
| Leasing and similar rights | 25 | €63,483 | €117,870 | +€54,387 | +85.7% |
| Assets under construction and advance payments | 27 | €14,399 | - | -€14,399 | |
| Current assets | 29/58 | €640,045 | €714,486 | +€74,441 | +11.6% |
| Amounts receivable within one year | 40/41 | €546,282 | €610,445 | +€64,163 | +11.7% |
| Trade receivables | 40 | €336,833 | €536,703 | +€199,870 | +59.3% |
| Other amounts receivable | 41 | €209,449 | €73,743 | -€135,706 | -64.8% |
| Cash at bank and in hand | 54/58 | €2,749 | €10,035 | +€7,286 | +265.1% |
| Deferred charges and accrued income | 490/1 | €91,014 | €94,005 | +€2,991 | +3.3% |
| Total equity and liabilities | 10/49 | €1,091,383 | €1,407,327 | +€315,944 | +28.9% |
| Equity | 10/15 | €440,030 | €454,432 | +€14,402 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €419,570 | €433,972 | +€14,402 | +3.4% |
| Amounts payable | 17/49 | €651,353 | €952,895 | +€301,542 | +46.3% |
| Amounts payable after more than one year | 17 | €522,849 | €716,786 | +€193,937 | +37.1% |
| Financial debts | 170/4 | €111,579 | €288,453 | +€176,874 | +158.5% |
| Other amounts payable | 178/9 | €411,271 | €428,333 | +€17,063 | +4.1% |
| Amounts payable within one year | 42/48 | €128,504 | €236,109 | +€107,605 | +83.7% |
| Current portion of amounts payable after more than one year | 42 | €67,037 | €79,300 | +€12,263 | +18.3% |
| Financial debts | 43 | €15,933 | - | -€15,933 | |
| Other loans | 439 | €15,933 | - | -€15,933 | |
| Trade debts | 44 | €21,565 | €14,086 | -€7,479 | -34.7% |
| Suppliers | 440/4 | €21,565 | €14,086 | -€7,479 | -34.7% |
| Taxes, remuneration and social security | 45 | €20,062 | €30,853 | +€10,791 | +53.8% |
| Taxes | 450/3 | €20,062 | €30,853 | +€10,791 | +53.8% |
| Other amounts payable | 47/48 | €3,907 | €111,870 | +€107,963 | +2763.7% |
| Remuneration, social security and pensions | 62 | -€142 | €1,410 | +€1,551 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,674 | €54,148 | +€6,473 | +13.6% |
| Other operating charges | 640/8 | €7,691 | €11,601 | +€3,911 | +50.9% |
| Gross operating margin | 9900 | €145,195 | €126,536 | -€18,659 | -12.9% |
| Operating profit (loss) | 9901 | €89,971 | €59,377 | -€30,594 | -34.0% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €34,495 | €34,188 | -€308 | -0.9% |
| Recurring financial charges | 65 | €34,495 | €34,188 | -€308 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €55,476 | €25,193 | -€30,283 | -54.6% |
| Income taxes | 67/77 | €22,493 | €10,791 | -€11,702 | -52.0% |
| Profit (loss) for the period | 9904 | €32,983 | €14,402 | -€18,581 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,983 | €14,402 | -€18,581 | -56.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.