Cassteman: 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.
Cassteman
Largest movements
- Receivables within one year +€56,794
up €56,794 (+42.7%), from €132,881 to €189,675
- Receivables after one year -€50,815
down €50,815 (-18.0%), from €283,082 to €232,267
- Cash -€50,302
down €50,302 (-39.9%), from €125,920 to €75,618
mainly Debts after one year (-€100,000) and Receivables within one year (-€56,794)
- Debts after one year -€100,000
down €100,000 (-9.8%), from €1.0m to €916,667
- Reserves +€61,677
up €61,677 (+52.9%), from €116,652 to €178,329
- Gross operating margin +€2,609
up €2,609 (+2.5%), from €104,021 to €106,631
- Financial income -€2,582
down €2,582 (-23.2%), from €11,117 to €8,535
- Financial charges -€1,464
down €1,464 (-6.4%), from €23,007 to €21,543
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.
Derived cash bridge
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 | €1,558,744 | €1,508,377 | -€50,367 | -3.2% |
| Fixed assets | 21/28 | €1,010,728 | €1,008,809 | -€1,918 | -0.2% |
| Tangible fixed assets | 22/27 | €1,010,728 | €1,008,809 | -€1,918 | -0.2% |
| Land and buildings | 22 | €1,010,728 | €1,008,809 | -€1,918 | -0.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €548,016 | €499,568 | -€48,448 | -8.8% |
| Amounts receivable after more than one year | 29 | €283,082 | €232,267 | -€50,815 | -18.0% |
| Other amounts receivable | 291 | €283,082 | €232,267 | -€50,815 | -18.0% |
| Amounts receivable within one year | 40/41 | €132,881 | €189,675 | +€56,794 | +42.7% |
| Other amounts receivable | 41 | €132,881 | €189,675 | +€56,794 | +42.7% |
| Cash at bank and in hand | 54/58 | €125,920 | €75,618 | -€50,302 | -39.9% |
| Deferred charges and accrued income | 490/1 | €6,133 | €2,008 | -€4,126 | -67.3% |
| Total equity and liabilities | 10/49 | €1,558,744 | €1,508,377 | -€50,367 | -3.2% |
| Equity | 10/15 | €304,252 | €365,929 | +€61,677 | +20.3% |
| Contributions | 10/11 | €187,600 | €187,600 | = | 0.0% |
| Reserves | 13 | €116,652 | €178,329 | +€61,677 | +52.9% |
| Distributable reserves | 133 | €116,652 | €178,329 | +€61,677 | +52.9% |
| Provisions and deferred taxes | 16 | €607 | €607 | = | 0.0% |
| Deferred taxes | 168 | €607 | €607 | = | 0.0% |
| Amounts payable | 17/49 | €1,253,885 | €1,141,841 | -€112,044 | -8.9% |
| Amounts payable after more than one year | 17 | €1,016,667 | €916,667 | -€100,000 | -9.8% |
| Financial debts | 170/4 | €1,016,667 | €916,667 | -€100,000 | -9.8% |
| Amounts payable within one year | 42/48 | €224,711 | €210,166 | -€14,545 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €1,351 | €1,562 | +€211 | +15.6% |
| Suppliers | 440/4 | €1,351 | €1,562 | +€211 | +15.6% |
| Taxes, remuneration and social security | 45 | €23,185 | €8,604 | -€14,581 | -62.9% |
| Taxes | 450/3 | €23,185 | €8,604 | -€14,581 | -62.9% |
| Other amounts payable | 47/48 | €100,175 | €100,000 | -€175 | -0.2% |
| Accrued charges and deferred income | 492/3 | €12,507 | €15,008 | +€2,501 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,558 | €1,918 | -€640 | -25.0% |
| Other operating charges | 640/8 | €1,291 | €1,426 | +€135 | +10.5% |
| Gross operating margin | 9900 | €104,021 | €106,631 | +€2,609 | +2.5% |
| Operating profit (loss) | 9901 | €100,172 | €103,286 | +€3,114 | +3.1% |
| Financial income | 75/76B | €11,117 | €8,535 | -€2,582 | -23.2% |
| Recurring financial income | 75 | €11,117 | €8,535 | -€2,582 | -23.2% |
| Financial charges | 65/66B | €23,007 | €21,543 | -€1,464 | -6.4% |
| Recurring financial charges | 65 | €23,007 | €21,543 | -€1,464 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €88,282 | €90,278 | +€1,996 | +2.3% |
| Income taxes | 67/77 | €28,185 | €28,601 | +€416 | +1.5% |
| Profit (loss) for the period | 9904 | €60,096 | €61,677 | +€1,581 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,096 | €61,677 | +€1,581 | +2.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.