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
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€758,020
down €758,020 (-55.5%), from -€1.4m to -€2.1m
- Other debts +€497,464
up €497,464 (+11.7%), from €4.3m to €4.8m
- Financial charges +€94,933
up €94,933 (+14.7%), from €646,813 to €741,746
- Gross operating margin +€14,474
up €14,474 (+106.4%), from €13,610 to €28,084
- Other operating charges +€2,318
up €2,318 (+5.5%), from €42,041 to €44,359
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 | €13,754,826 | €13,631,625 | -€123,201 | -0.9% |
| Current assets | 29/58 | €13,754,826 | €13,631,625 | -€123,201 | -0.9% |
| Stocks and contracts in progress | 3 | €13,693,254 | €13,610,509 | -€82,745 | -0.6% |
| Stocks | 30/36 | €13,301,848 | €13,176,963 | -€124,885 | -0.9% |
| Contracts in progress | 37 | €391,406 | €433,545 | +€42,139 | +10.8% |
| Amounts receivable within one year | 40/41 | €42,789 | €0 | -€42,789 | -100.0% |
| Other amounts receivable | 41 | €42,789 | €0 | -€42,789 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,890 | €17,774 | +€1,884 | +11.9% |
| Deferred charges and accrued income | 490/1 | €2,893 | €3,342 | +€449 | +15.5% |
| Total equity and liabilities | 10/49 | €13,754,826 | €13,631,625 | -€123,201 | -0.9% |
| Equity | 10/15 | -€1,174,938 | -€1,932,959 | -€758,020 | -64.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €183,800 | €183,800 | = | 0.0% |
| Distributable reserves | 133 | €183,800 | €183,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,365,738 | -€2,123,759 | -€758,020 | -55.5% |
| Amounts payable | 17/49 | €14,929,764 | €15,564,584 | +€634,819 | +4.3% |
| Amounts payable within one year | 42/48 | €14,925,583 | €15,564,584 | +€639,000 | +4.3% |
| Financial debts | 43 | €9,500,000 | €9,500,000 | = | 0.0% |
| Credit institutions | 430/8 | €9,500,000 | €9,500,000 | = | 0.0% |
| Trade debts | 44 | €1,160,340 | €1,251,877 | +€91,537 | +7.9% |
| Suppliers | 440/4 | €1,160,340 | €1,251,877 | +€91,537 | +7.9% |
| Advances received on contracts in progress | 46 | - | €50,000 | +€50,000 | |
| Other amounts payable | 47/48 | €4,265,243 | €4,762,707 | +€497,464 | +11.7% |
| Accrued charges and deferred income | 492/3 | €4,181 | €0 | -€4,181 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €42,041 | €44,359 | +€2,318 | +5.5% |
| Gross operating margin | 9900 | €13,610 | €28,084 | +€14,474 | +106.4% |
| Operating profit (loss) | 9901 | -€28,431 | -€16,275 | +€12,157 | +42.8% |
| Financial charges | 65/66B | €646,813 | €741,746 | +€94,933 | +14.7% |
| Recurring financial charges | 65 | €646,813 | €741,746 | +€94,933 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | -€675,244 | -€758,020 | -€82,776 | -12.3% |
| Profit (loss) for the period | 9904 | -€675,244 | -€758,020 | -€82,776 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€675,244 | -€758,020 | -€82,776 | -12.3% |
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 1 October 2026 via checked.be.