CASSO: what changed
What changed
CASSO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€65,029
2024 · -€56,949-€8,080
Equity
€874,525
2024 · €939,553-€65,029
Cash
€8,003
2024 · €5,246+€2,757
Balance sheet total
€1.8m
2024 · €1.8m-€47,802
Largest movements
Assets
- Tangible fixed assets -€43,000
down €43,000 (-3.0%), from €1.4m to €1.4m
of which Land and buildings: -€57,022
Equity and liabilities
- Reserves -€65,029
down €65,029 (-7.6%), from €856,954 to €791,925
of which Distributable reserves: -€65,029
Income statement
- Other operating charges +€5,464
up €5,464 (+54.4%), from €10,046 to €15,510
- Gross operating margin +€4,005
up €4,005 (+8.3%), from €48,368 to €52,373
- Taxes +€3,190
new in 2025: €3,190
- Depreciation +€2,469
up €2,469 (+3.9%), from €62,898 to €65,366
- Financial charges +€550
up €550 (+102%), from €538 to €1,088
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€56,949
Gross operating margin
+€4,005
Staff costs
-€488
Depreciation
-€2,469
Other operating charges
-€5,464
Financial income
+€76
Financial charges
-€550
Taxes
-€3,190
Result 2025
-€65,029
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€6,041
Investment
-€22,366
Financing
+€19,082
Cash 2024
€5,246
From operations (derived)
+€6,041
Net result for the year
-€65,029
Depreciation
+€65,366
Receivables within one year
+€8,119
Deferred charges and accrued income
-€561
Trade debts
+€786
Tax, wage and social debts
-€2,642
Investment (derived)
-€22,366
Investment in fixed assets (net)
-€22,366
Financing
+€19,082
Debts after one year
+€15,359
Current portion of long-term debt
+€3,723
Cash 2025
€8,003
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,824,106 | €1,776,304 | -€47,802 | -2.6% |
| Fixed assets | 21/28 | €1,429,495 | €1,386,495 | -€43,000 | -3.0% |
| Tangible fixed assets | 22/27 | €1,429,318 | €1,386,317 | -€43,000 | -3.0% |
| Land and buildings | 22 | €1,414,149 | €1,357,127 | -€57,022 | -4.0% |
| Plant, machinery and equipment | 23 | €3,761 | €16,707 | +€12,946 | +344% |
| Furniture and vehicles | 24 | €11,408 | €12,483 | +€1,076 | +9.4% |
| Financial fixed assets | 28 | €178 | €178 | = | 0.0% |
| Current assets | 29/58 | €394,611 | €389,809 | -€4,802 | -1.2% |
| Amounts receivable within one year | 40/41 | €382,366 | €374,246 | -€8,119 | -2.1% |
| Trade receivables | 40 | €13,059 | €12,695 | -€364 | -2.8% |
| Other amounts receivable | 41 | €369,307 | €361,552 | -€7,755 | -2.1% |
| Cash at bank and in hand | 54/58 | €5,246 | €8,003 | +€2,757 | +52.5% |
| Deferred charges and accrued income | 490/1 | €6,999 | €7,559 | +€561 | +8.0% |
| Total equity and liabilities | 10/49 | €1,824,106 | €1,776,304 | -€47,802 | -2.6% |
| Equity | 10/15 | €939,553 | €874,525 | -€65,029 | -6.9% |
| Contributions | 10/11 | €82,600 | €82,600 | = | 0.0% |
| Capital | 10 | €82,600 | €82,600 | = | 0.0% |
| Issued capital | 100 | €82,600 | €82,600 | = | 0.0% |
| Reserves | 13 | €856,954 | €791,925 | -€65,029 | -7.6% |
| Non-distributable reserves | 130/1 | €2,060 | €2,060 | = | 0.0% |
| Legal reserve | 130 | €2,060 | €2,060 | = | 0.0% |
| Distributable reserves | 133 | €854,894 | €789,865 | -€65,029 | -7.6% |
| Amounts payable | 17/49 | €884,552 | €901,779 | +€17,227 | +1.9% |
| Amounts payable after more than one year | 17 | €852,479 | €867,838 | +€15,359 | +1.8% |
| Financial debts | 170/4 | - | €9,913 | +€9,913 | |
| Other amounts payable | 178/9 | €852,479 | €857,925 | +€5,446 | +0.6% |
| Amounts payable within one year | 42/48 | €32,073 | €33,941 | +€1,868 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,723 | +€3,723 | |
| Trade debts | 44 | €9,530 | €10,316 | +€786 | +8.2% |
| Suppliers | 440/4 | €9,530 | €10,316 | +€786 | +8.2% |
| Taxes, remuneration and social security | 45 | €22,543 | €19,902 | -€2,642 | -11.7% |
| Taxes | 450/3 | €11,585 | €10,663 | -€922 | -8.0% |
| Remuneration and social security | 454/9 | €10,958 | €9,239 | -€1,720 | -15.7% |
| Remuneration, social security and pensions | 62 | €38,997 | €39,485 | +€488 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,898 | €65,366 | +€2,469 | +3.9% |
| Other operating charges | 640/8 | €10,046 | €15,510 | +€5,464 | +54.4% |
| Gross operating margin | 9900 | €48,368 | €52,373 | +€4,005 | +8.3% |
| Operating profit (loss) | 9901 | -€63,572 | -€67,988 | -€4,416 | -6.9% |
| Financial income | 75/76B | €7,161 | €7,237 | +€76 | +1.1% |
| Recurring financial income | 75 | €7,161 | €7,237 | +€76 | +1.1% |
| Financial charges | 65/66B | €538 | €1,088 | +€550 | +102% |
| Recurring financial charges | 65 | €538 | €1,088 | +€550 | +102% |
| Profit (loss) for the period before taxes | 9903 | -€56,949 | -€61,838 | -€4,890 | -8.6% |
| Income taxes | 67/77 | - | €3,190 | +€3,190 | |
| Profit (loss) for the period | 9904 | -€56,949 | -€65,029 | -€8,080 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,949 | -€65,029 | -€8,080 | -14.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.