Dr. Casier Stijn: what changed
Dr. Casier Stijn
Largest movements
- Tangible fixed assets +€56,595
up €56,595 (+13.4%), from €422,433 to €479,028
of which Land and buildings: +€75,447
- Cash +€41,854
up €41,854 (+32.8%), from €127,414 to €169,269
mainly Other debts (+€97,946) and Net result for the year (+€71,983)
- Other debts +€97,946
up €97,946 (+1,134%), from €8,636 to €106,581
- Reserves -€53,017
down €53,017 (-21.1%), from €251,395 to €198,378
- Trade debts +€19,791
up €19,791 (+463%), from €4,274 to €24,065
- Tax, wage and social debts +€18,493
up €18,493 (+7,194%), from €257 to €18,750
- Debts after one year +€15,596
up €15,596 (+5.9%), from €264,600 to €280,196
- Taxes +€3,924
up €3,924 (+21.0%), from €18,682 to €22,606
- Gross operating margin +€2,586
up €2,586 (+1.9%), from €139,015 to €141,601
- Other operating charges -€2,316
down €2,316 (-48.2%), from €4,808 to €2,492
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €552,761 | €651,571 | +€98,810 | +17.9% |
| Fixed assets | 21/28 | €423,028 | €479,623 | +€56,595 | +13.4% |
| Tangible fixed assets | 22/27 | €422,433 | €479,028 | +€56,595 | +13.4% |
| Land and buildings | 22 | €333,412 | €408,859 | +€75,447 | +22.6% |
| Plant, machinery and equipment | 23 | €47,136 | €39,484 | -€7,652 | -16.2% |
| Furniture and vehicles | 24 | €41,885 | €30,685 | -€11,200 | -26.7% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €129,733 | €171,947 | +€42,215 | +32.5% |
| Amounts receivable within one year | 40/41 | €2,318 | €2,679 | +€360 | +15.5% |
| Trade receivables | 40 | - | €284 | +€284 | |
| Other amounts receivable | 41 | €2,318 | €2,394 | +€76 | +3.3% |
| Cash at bank and in hand | 54/58 | €127,414 | €169,269 | +€41,854 | +32.8% |
| Total equity and liabilities | 10/49 | €552,761 | €651,571 | +€98,810 | +17.9% |
| Equity | 10/15 | €253,395 | €200,378 | -€53,017 | -20.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €251,395 | €198,378 | -€53,017 | -21.1% |
| Distributable reserves | 133 | €251,395 | €198,378 | -€53,017 | -21.1% |
| Amounts payable | 17/49 | €299,367 | €451,193 | +€151,826 | +50.7% |
| Amounts payable after more than one year | 17 | €264,600 | €280,196 | +€15,596 | +5.9% |
| Financial debts | 170/4 | €264,600 | €280,196 | +€15,596 | +5.9% |
| Amounts payable within one year | 42/48 | €34,767 | €170,996 | +€136,230 | +392% |
| Current portion of amounts payable after more than one year | 42 | €21,600 | €21,600 | = | 0.0% |
| Trade debts | 44 | €4,274 | €24,065 | +€19,791 | +463% |
| Suppliers | 440/4 | €4,274 | €24,065 | +€19,791 | +463% |
| Taxes, remuneration and social security | 45 | €257 | €18,750 | +€18,493 | +7,194% |
| Taxes | 450/3 | €257 | €18,750 | +€18,493 | +7,194% |
| Other amounts payable | 47/48 | €8,636 | €106,581 | +€97,946 | +1,134% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,775 | €33,970 | +€196 | +0.6% |
| Other operating charges | 640/8 | €4,808 | €2,492 | -€2,316 | -48.2% |
| Gross operating margin | 9900 | €139,015 | €141,601 | +€2,586 | +1.9% |
| Operating profit (loss) | 9901 | €100,432 | €105,138 | +€4,706 | +4.7% |
| Financial income | 75/76B | - | €744 | +€744 | |
| Recurring financial income | 75 | - | €744 | +€744 | |
| Financial charges | 65/66B | €11,249 | €11,293 | +€44 | +0.4% |
| Recurring financial charges | 65 | €11,249 | €11,293 | +€44 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €89,183 | €94,589 | +€5,407 | +6.1% |
| Income taxes | 67/77 | €18,682 | €22,606 | +€3,924 | +21.0% |
| Profit (loss) for the period | 9904 | €70,501 | €71,983 | +€1,482 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,501 | €71,983 | +€1,482 | +2.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.