DYLAN CASAER: 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.
DYLAN CASAER
Largest movements
- Receivables after one year -€74,578
down €74,578 (-100.0%), from €74,578 to €0
- Receivables within one year -€36,996
down €36,996 (-37.1%), from €99,636 to €62,641
of which Other amounts receivable: -€32,700
- Cash -€24,664
down €24,664 (-45.4%), from €54,337 to €29,673
mainly Contributions, distributions and other (-€220,934) and Debts after one year (-€20,876)
- Tangible fixed assets -€20,175
down €20,175 (-9.6%), from €209,491 to €189,316
- Current investments -€20,000
down €20,000 (-12.5%), from €160,000 to €140,000
- Reserves -€158,127
down €158,127 (-40.2%), from €393,588 to €235,460
- Debts after one year -€20,876
down €20,876 (-15.0%), from €138,737 to €117,861
- Tax, wage and social debts +€10,147
up €10,147 (+95.0%), from €10,686 to €20,833
- Trade debts -€7,766
down €7,766 (-93.2%), from €8,333 to €566
- Gross operating margin +€32,653
up €32,653 (+40.9%), from €79,892 to €112,545
- Taxes +€8,490
up €8,490 (+53.2%), from €15,970 to €24,460
- Financial income -€1,654
down €1,654 (-48.4%), from €3,418 to €1,765
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 | €598,566 | €422,319 | -€176,247 | -29.4% |
| Fixed assets | 21/28 | €209,491 | €189,316 | -€20,175 | -9.6% |
| Tangible fixed assets | 22/27 | €209,491 | €189,316 | -€20,175 | -9.6% |
| Land and buildings | 22 | €19,679 | €17,019 | -€2,660 | -13.5% |
| Plant, machinery and equipment | 23 | €5,255 | €4,923 | -€332 | -6.3% |
| Furniture and vehicles | 24 | €28,529 | €18,771 | -€9,757 | -34.2% |
| Other tangible fixed assets | 26 | €156,028 | €148,603 | -€7,425 | -4.8% |
| Current assets | 29/58 | €389,075 | €233,003 | -€156,072 | -40.1% |
| Amounts receivable after more than one year | 29 | €74,578 | €0 | -€74,578 | -100.0% |
| Other amounts receivable | 291 | €74,578 | €0 | -€74,578 | -100.0% |
| Amounts receivable within one year | 40/41 | €99,636 | €62,641 | -€36,996 | -37.1% |
| Trade receivables | 40 | €26,584 | €22,289 | -€4,295 | -16.2% |
| Other amounts receivable | 41 | €73,052 | €40,352 | -€32,700 | -44.8% |
| Current investments | 50/53 | €160,000 | €140,000 | -€20,000 | -12.5% |
| Cash at bank and in hand | 54/58 | €54,337 | €29,673 | -€24,664 | -45.4% |
| Deferred charges and accrued income | 490/1 | €524 | €689 | +€165 | +31.5% |
| Total equity and liabilities | 10/49 | €598,566 | €422,319 | -€176,247 | -29.4% |
| Equity | 10/15 | €420,310 | €262,183 | -€158,127 | -37.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €393,588 | €235,460 | -€158,127 | -40.2% |
| Distributable reserves | 133 | €393,588 | €235,460 | -€158,127 | -40.2% |
| Profit (loss) carried forward | 14 | €14,322 | €14,322 | = | 0.0% |
| Amounts payable | 17/49 | €178,256 | €160,136 | -€18,120 | -10.2% |
| Amounts payable after more than one year | 17 | €138,737 | €117,861 | -€20,876 | -15.0% |
| Financial debts | 170/4 | €138,737 | €117,861 | -€20,876 | -15.0% |
| Amounts payable within one year | 42/48 | €39,519 | €42,276 | +€2,757 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €20,500 | €20,876 | +€376 | +1.8% |
| Trade debts | 44 | €8,333 | €566 | -€7,766 | -93.2% |
| Suppliers | 440/4 | €8,333 | €566 | -€7,766 | -93.2% |
| Taxes, remuneration and social security | 45 | €10,686 | €20,833 | +€10,147 | +95.0% |
| Taxes | 450/3 | €10,686 | €20,833 | +€10,147 | +95.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,801 | €23,007 | +€205 | +0.9% |
| Other operating charges | 640/8 | €1,680 | €1,357 | -€323 | -19.2% |
| Gross operating margin | 9900 | €79,892 | €112,545 | +€32,653 | +40.9% |
| Operating profit (loss) | 9901 | €55,410 | €88,181 | +€32,771 | +59.1% |
| Financial income | 75/76B | €3,418 | €1,765 | -€1,654 | -48.4% |
| Recurring financial income | 75 | €3,418 | €1,765 | -€1,654 | -48.4% |
| Financial charges | 65/66B | €3,171 | €2,679 | -€492 | -15.5% |
| Recurring financial charges | 65 | €3,171 | €2,679 | -€492 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €55,657 | €87,267 | +€31,609 | +56.8% |
| Income taxes | 67/77 | €15,970 | €24,460 | +€8,490 | +53.2% |
| Profit (loss) for the period | 9904 | €39,687 | €62,806 | +€23,119 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,687 | €62,806 | +€23,119 | +58.3% |
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 12 October 2026 via checked.be.