GROUP CASIER: what changed
GROUP CASIER
Largest movements
- Current investments +€305,000
new in 2025: €305,000
- Cash +€196,556
up €196,556 (+66.7%), from €294,555 to €491,111
mainly Other debts (+€312,200) and Net result for the year (+€288,805)
- Receivables within one year -€84,168
down €84,168 (-89.6%), from €93,886 to €9,717
- Tangible fixed assets +€80,804
up €80,804 (+7.2%), from €1.1m to €1.2m
of which Assets under construction and advance payments: +€80,804
- Other debts +€312,200
up €312,200 (+51.7%), from €603,296 to €915,496
- Reserves +€237,505
up €237,505 (+9.5%), from €2.5m to €2.7m
of which Non-distributable reserves: +€320,884
- Financial charges +€29,614
up €29,614 (+413%), from €7,164 to €36,778
- Financial income +€29,429
up €29,429 (+10.7%), from €274,029 to €303,458
- Other operating charges -€28,659
down €28,659 (-94.1%), from €30,463 to €1,805
- Gross operating margin -€15,443
down €15,443 (-21.2%), from €73,005 to €57,562
- Taxes -€3,615
down €3,615 (-9.7%), from €37,248 to €33,632
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 | €7,075,787 | €7,573,475 | +€497,689 | +7.0% |
| Fixed assets | 21/28 | €6,686,617 | €6,767,421 | +€80,804 | +1.2% |
| Tangible fixed assets | 22/27 | €1,118,165 | €1,198,969 | +€80,804 | +7.2% |
| Land and buildings | 22 | €1,118,165 | €1,118,165 | = | 0.0% |
| Assets under construction and advance payments | 27 | €0 | €80,804 | +€80,804 | |
| Financial fixed assets | 28 | €5,568,452 | €5,568,452 | = | 0.0% |
| Current assets | 29/58 | €389,170 | €806,054 | +€416,884 | +107% |
| Amounts receivable within one year | 40/41 | €93,886 | €9,717 | -€84,168 | -89.6% |
| Other amounts receivable | 41 | €93,886 | €9,717 | -€84,168 | -89.6% |
| Current investments | 50/53 | - | €305,000 | +€305,000 | |
| Cash at bank and in hand | 54/58 | €294,555 | €491,111 | +€196,556 | +66.7% |
| Deferred charges and accrued income | 490/1 | €729 | €225 | -€504 | -69.1% |
| Total equity and liabilities | 10/49 | €7,075,787 | €7,573,475 | +€497,689 | +7.0% |
| Equity | 10/15 | €6,000,888 | €6,238,393 | +€237,505 | +4.0% |
| Contributions | 10/11 | €3,500,000 | €3,500,000 | = | 0.0% |
| Capital | 10 | €3,500,000 | €3,500,000 | = | 0.0% |
| Issued capital | 100 | €3,500,000 | €3,500,000 | = | 0.0% |
| Reserves | 13 | €2,500,888 | €2,738,393 | +€237,505 | +9.5% |
| Non-distributable reserves | 130/1 | €143,989 | €464,873 | +€320,884 | +223% |
| Legal reserve | 130 | €143,989 | €159,873 | +€15,884 | +11.0% |
| Own shares acquired | 1312 | - | €305,000 | +€305,000 | |
| Distributable reserves | 133 | €2,356,899 | €2,273,520 | -€83,379 | -3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,074,899 | €1,335,083 | +€260,184 | +24.2% |
| Amounts payable after more than one year | 17 | €387,514 | €363,862 | -€23,651 | -6.1% |
| Financial debts | 170/4 | €387,514 | €363,862 | -€23,651 | -6.1% |
| Amounts payable within one year | 42/48 | €667,514 | €956,080 | +€288,566 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €23,878 | €23,878 | = | 0.0% |
| Trade debts | 44 | €16,711 | €6,032 | -€10,678 | -63.9% |
| Suppliers | 440/4 | €16,711 | €6,032 | -€10,678 | -63.9% |
| Taxes, remuneration and social security | 45 | €23,631 | €10,675 | -€12,956 | -54.8% |
| Taxes | 450/3 | €23,631 | €10,675 | -€12,956 | -54.8% |
| Other amounts payable | 47/48 | €603,296 | €915,496 | +€312,200 | +51.7% |
| Accrued charges and deferred income | 492/3 | €19,871 | €15,140 | -€4,731 | -23.8% |
| Other operating charges | 640/8 | €30,463 | €1,805 | -€28,659 | -94.1% |
| Gross operating margin | 9900 | €73,005 | €57,562 | -€15,443 | -21.2% |
| Operating profit (loss) | 9901 | €42,542 | €55,757 | +€13,216 | +31.1% |
| Financial income | 75/76B | €274,029 | €303,458 | +€29,429 | +10.7% |
| Recurring financial income | 75 | €274,029 | €303,458 | +€29,429 | +10.7% |
| Financial charges | 65/66B | €7,164 | €36,778 | +€29,614 | +413% |
| Recurring financial charges | 65 | €7,164 | €36,778 | +€29,614 | +413% |
| Profit (loss) for the period before taxes | 9903 | €309,406 | €322,437 | +€13,031 | +4.2% |
| Income taxes | 67/77 | €37,248 | €33,632 | -€3,615 | -9.7% |
| Profit (loss) for the period | 9904 | €272,159 | €288,805 | +€16,646 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €272,159 | €288,805 | +€16,646 | +6.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.