CSA: 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.
CSA
Largest movements
- Cash -€9,896
down €9,896 (-10.2%), from €97,249 to €87,354
mainly Tax, wage and social debts (-€11,595) and Receivables within one year (-€4,254)
- Receivables within one year +€4,254
up €4,254 (+49.6%), from €8,568 to €12,821
- Tangible fixed assets -€1,143
down €1,143 (-45.9%), from €2,492 to €1,349
- Tax, wage and social debts -€11,595
down €11,595 (-48.5%), from €23,931 to €12,336
- Other debts +€4,369
up €4,369 (+234.5%), from €1,863 to €6,232
- Accrued charges and deferred income -€2,448
no longer reported in 2024 (was €2,448)
- Reserves +€1,920
up €1,920 (+2.5%), from €76,130 to €78,050
- Gross operating margin -€30,220
down €30,220 (-83.5%), from €36,183 to €5,962
- Taxes -€6,075
down €6,075 (-81.3%), from €7,471 to €1,396
- Other operating charges +€1,252
new in 2024: €1,252
- Depreciation +€410
up €410 (+55.9%), from €733 to €1,143
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,309 | €101,524 | -€6,785 | -6.3% |
| Fixed assets | 21/28 | €2,492 | €1,349 | -€1,143 | -45.9% |
| Tangible fixed assets | 22/27 | €2,492 | €1,349 | -€1,143 | -45.9% |
| Furniture and vehicles | 24 | €2,492 | €1,349 | -€1,143 | -45.9% |
| Current assets | 29/58 | €105,817 | €100,175 | -€5,642 | -5.3% |
| Amounts receivable within one year | 40/41 | €8,568 | €12,821 | +€4,254 | +49.6% |
| Trade receivables | 40 | €8,568 | €12,821 | +€4,254 | +49.6% |
| Cash at bank and in hand | 54/58 | €97,249 | €87,354 | -€9,896 | -10.2% |
| Total equity and liabilities | 10/49 | €108,309 | €101,524 | -€6,785 | -6.3% |
| Equity | 10/15 | €79,130 | €81,050 | +€1,920 | +2.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €76,130 | €78,050 | +€1,920 | +2.5% |
| Distributable reserves | 133 | €76,130 | €78,050 | +€1,920 | +2.5% |
| Amounts payable | 17/49 | €29,179 | €20,474 | -€8,705 | -29.8% |
| Amounts payable within one year | 42/48 | €26,731 | €20,474 | -€6,258 | -23.4% |
| Advances received on contracts in progress | 46 | €938 | €1,906 | +€968 | +103.2% |
| Taxes, remuneration and social security | 45 | €23,931 | €12,336 | -€11,595 | -48.5% |
| Taxes | 450/3 | €23,931 | €12,336 | -€11,595 | -48.5% |
| Other amounts payable | 47/48 | €1,863 | €6,232 | +€4,369 | +234.5% |
| Accrued charges and deferred income | 492/3 | €2,448 | - | -€2,448 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €733 | €1,143 | +€410 | +55.9% |
| Other operating charges | 640/8 | - | €1,252 | +€1,252 | |
| Gross operating margin | 9900 | €36,183 | €5,962 | -€30,220 | -83.5% |
| Operating profit (loss) | 9901 | €35,449 | €3,567 | -€31,882 | -89.9% |
| Financial charges | 65/66B | €45 | €251 | +€206 | +457.9% |
| Recurring financial charges | 65 | €45 | €251 | +€206 | +457.9% |
| Profit (loss) for the period before taxes | 9903 | €35,404 | €3,316 | -€32,089 | -90.6% |
| Income taxes | 67/77 | €7,471 | €1,396 | -€6,075 | -81.3% |
| Profit (loss) for the period | 9904 | €27,933 | €1,920 | -€26,013 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,933 | €1,920 | -€26,013 | -93.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.