Kasuaris: 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.
Kasuaris
Largest movements
- Receivables within one year -€156,356
down €156,356 (-49.2%), from €318,020 to €161,663
of which Trade receivables: -€156,471
- Tangible fixed assets +€54,252
up €54,252 (+165%), from €32,903 to €87,155
of which Furniture and vehicles: +€38,588
- Receivables after one year -€18,609
down €18,609 (-34.6%), from €53,712 to €35,103
- Reserves -€346,114
down €346,114 (-74.7%), from €463,083 to €116,969
- Other debts +€185,087
up €185,087 (+5,831%), from €3,174 to €188,261
- Debts after one year +€34,372
up €34,372 (+375%), from €9,174 to €43,546
- Tax, wage and social debts -€14,653
down €14,653 (-16.6%), from €88,191 to €73,538
- Current portion of long-term debt +€12,838
up €12,838 (+195%), from €6,579 to €19,417
- Gross operating margin -€99,622
down €99,622 (-37.1%), from €268,172 to €168,551
- Taxes -€21,916
down €21,916 (-34.7%), from €63,070 to €41,154
- Depreciation +€8,029
up €8,029 (+94.7%), from €8,477 to €16,506
- Financial charges +€3,697
up €3,697 (+106%), from €3,502 to €7,199
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 | €585,144 | €463,673 | -€121,471 | -20.8% |
| Fixed assets | 21/28 | €32,903 | €87,155 | +€54,252 | +165% |
| Tangible fixed assets | 22/27 | €32,903 | €87,155 | +€54,252 | +165% |
| Plant, machinery and equipment | 23 | €1,825 | €990 | -€835 | -45.8% |
| Furniture and vehicles | 24 | €15,050 | €53,638 | +€38,588 | +256% |
| Other tangible fixed assets | 26 | €16,028 | €32,527 | +€16,499 | +103% |
| Current assets | 29/58 | €552,241 | €376,518 | -€175,723 | -31.8% |
| Amounts receivable after more than one year | 29 | €53,712 | €35,103 | -€18,609 | -34.6% |
| Other amounts receivable | 291 | €53,712 | €35,103 | -€18,609 | -34.6% |
| Amounts receivable within one year | 40/41 | €318,020 | €161,663 | -€156,356 | -49.2% |
| Trade receivables | 40 | €316,924 | €160,453 | -€156,471 | -49.4% |
| Other amounts receivable | 41 | €1,095 | €1,210 | +€115 | +10.5% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €139,908 | €142,210 | +€2,303 | +1.6% |
| Deferred charges and accrued income | 490/1 | €10,601 | €7,541 | -€3,060 | -28.9% |
| Total equity and liabilities | 10/49 | €585,144 | €463,673 | -€121,471 | -20.8% |
| Equity | 10/15 | €475,483 | €135,569 | -€339,914 | -71.5% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €463,083 | €116,969 | -€346,114 | -74.7% |
| Distributable reserves | 133 | €463,083 | €116,969 | -€346,114 | -74.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €109,661 | €328,104 | +€218,443 | +199% |
| Amounts payable after more than one year | 17 | €9,174 | €43,546 | +€34,372 | +375% |
| Financial debts | 170/4 | €9,174 | €43,546 | +€34,372 | +375% |
| Amounts payable within one year | 42/48 | €100,487 | €281,750 | +€181,263 | +180% |
| Current portion of amounts payable after more than one year | 42 | €6,579 | €19,417 | +€12,838 | +195% |
| Trade debts | 44 | €2,543 | €533 | -€2,010 | -79.0% |
| Suppliers | 440/4 | €2,543 | €533 | -€2,010 | -79.0% |
| Taxes, remuneration and social security | 45 | €88,191 | €73,538 | -€14,653 | -16.6% |
| Taxes | 450/3 | €88,191 | €73,538 | -€14,653 | -16.6% |
| Other amounts payable | 47/48 | €3,174 | €188,261 | +€185,087 | +5,831% |
| Accrued charges and deferred income | 492/3 | - | €2,808 | +€2,808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,477 | €16,506 | +€8,029 | +94.7% |
| Other operating charges | 640/8 | €3,325 | €3,828 | +€503 | +15.1% |
| Gross operating margin | 9900 | €268,172 | €168,551 | -€99,622 | -37.1% |
| Operating profit (loss) | 9901 | €256,370 | €148,216 | -€108,154 | -42.2% |
| Financial income | 75/76B | €3,538 | €2,347 | -€1,191 | -33.7% |
| Recurring financial income | 75 | €3,538 | €2,347 | -€1,191 | -33.7% |
| Financial charges | 65/66B | €3,502 | €7,199 | +€3,697 | +106% |
| Recurring financial charges | 65 | €3,502 | €7,199 | +€3,697 | +106% |
| Profit (loss) for the period before taxes | 9903 | €256,407 | €143,364 | -€113,042 | -44.1% |
| Income taxes | 67/77 | €63,070 | €41,154 | -€21,916 | -34.7% |
| Profit (loss) for the period | 9904 | €193,337 | €102,211 | -€91,126 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €193,337 | €102,211 | -€91,126 | -47.1% |
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 13 October 2026 via checked.be.