F.M. KASSEILEGGER: 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.
F.M. KASSEILEGGER
Largest movements
- Cash +€10,355
up €10,355 (+11.7%), from €88,660 to €99,016
mainly Net result for the year (+€62,324) and Other debts (+€9,323)
- Trade debts -€42,053
down €42,053 (-77.7%), from €54,122 to €12,069
- Profit (loss) carried forward +€37,324
up €37,324 (+95.5%), from €39,095 to €76,419
- Other debts +€9,323
up €9,323 (+124%), from €7,500 to €16,823
- Tax, wage and social debts +€5,387
up €5,387 (+70.6%), from €7,625 to €13,012
of which Taxes: +€5,347
- Gross operating margin +€71,527
up €71,527 (+110%), from €65,010 to €136,538
- Purchases and services +€12,314
up €12,314 (+6.1%), from €202,540 to €214,853
- Staff costs +€6,065
up €6,065 (+12.5%), from €48,449 to €54,514
- Taxes +€5,347
up €5,347 (+97.8%), from €5,467 to €10,813
- Other operating charges +€4,974
up €4,974 (+1,201%), from €414 to €5,388
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.
Derived cash bridge
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 | €110,842 | €120,823 | +€9,981 | +9.0% |
| Fixed assets | 21/28 | €1,579 | €425 | -€1,154 | -73.1% |
| Tangible fixed assets | 22/27 | €1,579 | €425 | -€1,154 | -73.1% |
| Plant, machinery and equipment | 23 | €1,579 | €425 | -€1,154 | -73.1% |
| Current assets | 29/58 | €109,263 | €120,398 | +€11,135 | +10.2% |
| Amounts receivable within one year | 40/41 | €20,542 | €21,156 | +€614 | +3.0% |
| Trade receivables | 40 | €17,400 | €19,949 | +€2,549 | +14.7% |
| Other amounts receivable | 41 | €3,143 | €1,208 | -€1,935 | -61.6% |
| Cash at bank and in hand | 54/58 | €88,660 | €99,016 | +€10,355 | +11.7% |
| Deferred charges and accrued income | 490/1 | €60 | €226 | +€166 | +276% |
| Total equity and liabilities | 10/49 | €110,842 | €120,823 | +€9,981 | +9.0% |
| Equity | 10/15 | €41,595 | €78,919 | +€37,324 | +89.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,095 | €76,419 | +€37,324 | +95.5% |
| Amounts payable | 17/49 | €69,247 | €41,904 | -€27,343 | -39.5% |
| Amounts payable within one year | 42/48 | €69,247 | €41,904 | -€27,343 | -39.5% |
| Trade debts | 44 | €54,122 | €12,069 | -€42,053 | -77.7% |
| Suppliers | 440/4 | €54,122 | €12,069 | -€42,053 | -77.7% |
| Taxes, remuneration and social security | 45 | €7,625 | €13,012 | +€5,387 | +70.6% |
| Taxes | 450/3 | €5,467 | €10,813 | +€5,347 | +97.8% |
| Remuneration and social security | 454/9 | €2,159 | €2,199 | +€41 | +1.9% |
| Other amounts payable | 47/48 | €7,500 | €16,823 | +€9,323 | +124% |
| Goods, raw materials, services and sundry goods | 60/61 | €202,540 | €214,853 | +€12,314 | +6.1% |
| Remuneration, social security and pensions | 62 | €48,449 | €54,514 | +€6,065 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,457 | €1,154 | -€303 | -20.8% |
| Other operating charges | 640/8 | €414 | €5,388 | +€4,974 | +1,201% |
| Gross operating margin | 9900 | €65,010 | €136,538 | +€71,527 | +110% |
| Operating profit (loss) | 9901 | €14,691 | €75,482 | +€60,791 | +414% |
| Financial income | 75/76B | €61 | - | -€61 | |
| Recurring financial income | 75 | €61 | - | -€61 | |
| Financial charges | 65/66B | €150 | €2,345 | +€2,195 | +1,468% |
| Recurring financial charges | 65 | €150 | €2,345 | +€2,195 | +1,468% |
| Profit (loss) for the period before taxes | 9903 | €14,603 | €73,137 | +€58,535 | +401% |
| Income taxes | 67/77 | €5,467 | €10,813 | +€5,347 | +97.8% |
| Profit (loss) for the period | 9904 | €9,136 | €62,324 | +€53,188 | +582% |
| Profit (loss) for the period to be appropriated | 9905 | €9,136 | €62,324 | +€53,188 | +582% |
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 25 October 2026 via checked.be.