Cazerne: 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.
Cazerne
Largest movements
- Tangible fixed assets +€536,890
up €536,890 (+43.8%), from €1.2m to €1.8m
of which Land and buildings: +€538,495
- Revaluation surpluses +€600,000
new in 2025: €600,000
- Debts after one year -€77,961
down €77,961 (-8.0%), from €977,025 to €899,064
- Depreciation +€5,949
up €5,949 (+9.5%), from €62,761 to €68,710
- Other operating charges +€3,523
up €3,523 (+67.5%), from €5,222 to €8,745
- Gross operating margin -€1,658
down €1,658 (-1.4%), from €117,026 to €115,368
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 | €1,261,795 | €1,783,474 | +€521,679 | +41.3% |
| Fixed assets | 21/28 | €1,225,329 | €1,762,219 | +€536,890 | +43.8% |
| Tangible fixed assets | 22/27 | €1,225,329 | €1,762,219 | +€536,890 | +43.8% |
| Land and buildings | 22 | €1,210,044 | €1,748,539 | +€538,495 | +44.5% |
| Plant, machinery and equipment | 23 | €15,285 | €13,680 | -€1,605 | -10.5% |
| Current assets | 29/58 | €36,466 | €21,255 | -€15,210 | -41.7% |
| Amounts receivable within one year | 40/41 | €15,275 | €15,417 | +€142 | +0.9% |
| Trade receivables | 40 | €11,525 | €9,710 | -€1,815 | -15.7% |
| Other amounts receivable | 41 | €3,750 | €5,707 | +€1,957 | +52.2% |
| Cash at bank and in hand | 54/58 | €21,191 | €5,839 | -€15,352 | -72.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,261,795 | €1,783,474 | +€521,679 | +41.3% |
| Equity | 10/15 | €194,777 | €803,886 | +€609,109 | +312.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €600,000 | +€600,000 | |
| Reserves | 13 | €94,777 | €103,886 | +€9,109 | +9.6% |
| Distributable reserves | 133 | €94,777 | €103,886 | +€9,109 | +9.6% |
| Amounts payable | 17/49 | €1,067,018 | €979,589 | -€87,429 | -8.2% |
| Amounts payable after more than one year | 17 | €977,025 | €899,064 | -€77,961 | -8.0% |
| Financial debts | 170/4 | €977,025 | €899,064 | -€77,961 | -8.0% |
| Amounts payable within one year | 42/48 | €89,993 | €80,525 | -€9,468 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €77,191 | €77,961 | +€770 | +1.0% |
| Trade debts | 44 | - | €2,371 | +€2,371 | |
| Suppliers | 440/4 | - | €2,371 | +€2,371 | |
| Taxes, remuneration and social security | 45 | €756 | €193 | -€563 | -74.5% |
| Taxes | 450/3 | €756 | €193 | -€563 | -74.5% |
| Other amounts payable | 47/48 | €12,045 | €0 | -€12,045 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,761 | €68,710 | +€5,949 | +9.5% |
| Other operating charges | 640/8 | €5,222 | €8,745 | +€3,523 | +67.5% |
| Gross operating margin | 9900 | €117,026 | €115,368 | -€1,658 | -1.4% |
| Operating profit (loss) | 9901 | €49,043 | €37,913 | -€11,131 | -22.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €29,340 | €28,761 | -€580 | -2.0% |
| Recurring financial charges | 65 | €29,340 | €28,761 | -€580 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €19,703 | €9,152 | -€10,551 | -53.6% |
| Income taxes | 67/77 | - | €43 | +€43 | |
| Profit (loss) for the period | 9904 | €19,703 | €9,109 | -€10,594 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,703 | €9,109 | -€10,594 | -53.8% |
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 11 October 2026 via checked.be.