KASIMIR: 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.
KASIMIR
Largest movements
- Cash +€50,713
up €50,713 (+158.8%), from €31,931 to €82,644
mainly Other debts (+€91,287) and Current investments (+€37,498)
- Current investments -€37,498
down €37,498 (-75.0%), from €50,000 to €12,502
- Receivables within one year -€32,298
down €32,298 (-48.0%), from €67,316 to €35,019
of which Other amounts receivable: -€21,219
- Tangible fixed assets -€20,765
down €20,765 (-5.7%), from €367,055 to €346,290
of which Land and buildings: -€16,501
- Contributions -€111,600
down €111,600 (-85.7%), from €130,150 to €18,550
- Other debts +€91,287
new in 2025: €91,287
- Debts after one year -€17,347
down €17,347 (-9.5%), from €181,977 to €164,630
- Tax, wage and social debts +€8,695
up €8,695 (+65.8%), from €13,212 to €21,907
- Taxes +€13,411
up €13,411 (+531.9%), from €2,522 to €15,933
- Gross operating margin +€11,241
up €11,241 (+33.7%), from €33,360 to €44,602
- Other operating charges +€3,217
up €3,217 (+97.8%), from €3,287 to €6,504
- Financial charges +€1,124
up €1,124 (+24.1%), from €4,665 to €5,789
- Depreciation -€883
down €883 (-4.1%), from €21,647 to €20,765
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 | €516,302 | €481,517 | -€34,785 | -6.7% |
| Fixed assets | 21/28 | €367,055 | €346,290 | -€20,765 | -5.7% |
| Tangible fixed assets | 22/27 | €367,055 | €346,290 | -€20,765 | -5.7% |
| Land and buildings | 22 | €339,650 | €323,149 | -€16,501 | -4.9% |
| Plant, machinery and equipment | 23 | €1,429 | €1,030 | -€399 | -27.9% |
| Furniture and vehicles | 24 | €4,844 | €980 | -€3,865 | -79.8% |
| Other tangible fixed assets | 26 | €21,132 | €21,132 | = | 0.0% |
| Current assets | 29/58 | €149,248 | €135,227 | -€14,021 | -9.4% |
| Amounts receivable within one year | 40/41 | €67,316 | €35,019 | -€32,298 | -48.0% |
| Trade receivables | 40 | €37,721 | €26,643 | -€11,078 | -29.4% |
| Other amounts receivable | 41 | €29,595 | €8,376 | -€21,219 | -71.7% |
| Current investments | 50/53 | €50,000 | €12,502 | -€37,498 | -75.0% |
| Cash at bank and in hand | 54/58 | €31,931 | €82,644 | +€50,713 | +158.8% |
| Deferred charges and accrued income | 490/1 | €0 | €5,062 | +€5,062 | |
| Total equity and liabilities | 10/49 | €516,302 | €481,517 | -€34,785 | -6.7% |
| Equity | 10/15 | €289,367 | €175,149 | -€114,218 | -39.5% |
| Contributions | 10/11 | €130,150 | €18,550 | -€111,600 | -85.7% |
| Reserves | 13 | €159,217 | €156,599 | -€2,618 | -1.6% |
| Tax-exempt reserves | 132 | €37,891 | €0 | -€37,891 | -100.0% |
| Distributable reserves | 133 | €121,326 | €156,599 | +€35,273 | +29.1% |
| Amounts payable | 17/49 | €226,935 | €306,367 | +€79,432 | +35.0% |
| Amounts payable after more than one year | 17 | €181,977 | €164,630 | -€17,347 | -9.5% |
| Financial debts | 170/4 | €181,977 | €164,630 | -€17,347 | -9.5% |
| Amounts payable within one year | 42/48 | €44,814 | €141,737 | +€96,923 | +216.3% |
| Current portion of amounts payable after more than one year | 42 | €17,063 | €17,347 | +€284 | +1.7% |
| Trade debts | 44 | €14,539 | €11,197 | -€3,343 | -23.0% |
| Suppliers | 440/4 | €14,539 | €11,197 | -€3,343 | -23.0% |
| Taxes, remuneration and social security | 45 | €13,212 | €21,907 | +€8,695 | +65.8% |
| Taxes | 450/3 | €13,212 | €21,907 | +€8,695 | +65.8% |
| Other amounts payable | 47/48 | - | €91,287 | +€91,287 | |
| Accrued charges and deferred income | 492/3 | €144 | €0 | -€144 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,647 | €20,765 | -€883 | -4.1% |
| Other operating charges | 640/8 | €3,287 | €6,504 | +€3,217 | +97.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €33,360 | €44,602 | +€11,241 | +33.7% |
| Operating profit (loss) | 9901 | €8,426 | €17,333 | +€8,907 | +105.7% |
| Financial income | 75/76B | €2,261 | €1,771 | -€490 | -21.7% |
| Recurring financial income | 75 | €2,261 | €1,771 | -€490 | -21.7% |
| Financial charges | 65/66B | €4,665 | €5,789 | +€1,124 | +24.1% |
| Recurring financial charges | 65 | €4,665 | €5,789 | +€1,124 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €6,021 | €13,315 | +€7,294 | +121.1% |
| Income taxes | 67/77 | €2,522 | €15,933 | +€13,411 | +531.9% |
| Profit (loss) for the period | 9904 | €3,500 | -€2,618 | -€6,118 | |
| Transfer from tax-exempt reserves | 789 | - | €37,891 | +€37,891 | |
| Transfer to tax-exempt reserves | 689 | €421 | €0 | -€421 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,079 | €35,273 | +€32,194 | +1045.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.