Matthias Casse: 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.
Matthias Casse
Largest movements
- Cash -€39,655
down €39,655 (-47.7%), from €83,151 to €43,495
mainly Contributions, distributions and other (-€33,058) and Other debts (-€21,735)
- Receivables within one year -€997
down €997 (-14.7%), from €6,774 to €5,778
of which Other amounts receivable: -€997
- Other debts -€21,735
down €21,735 (-34.1%), from €63,750 to €42,015
- Reserves -€13,729
down €13,729 (-100%), from €13,729 to €0
- Tax, wage and social debts -€6,177
down €6,177 (-54.8%), from €11,275 to €5,098
- Gross operating margin -€56,283
down €56,283 (-66.9%), from €84,158 to €27,875
- Taxes -€14,390
down €14,390 (-67.2%), from €21,406 to €7,015
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 | €91,316 | €50,112 | -€41,204 | -45.1% |
| Fixed assets | 21/28 | €1,391 | €839 | -€552 | -39.7% |
| Tangible fixed assets | 22/27 | €1,391 | €839 | -€552 | -39.7% |
| Furniture and vehicles | 24 | €1,391 | €839 | -€552 | -39.7% |
| Current assets | 29/58 | €89,925 | €49,273 | -€40,652 | -45.2% |
| Amounts receivable within one year | 40/41 | €6,774 | €5,778 | -€997 | -14.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €6,774 | €5,778 | -€997 | -14.7% |
| Cash at bank and in hand | 54/58 | €83,151 | €43,495 | -€39,655 | -47.7% |
| Total equity and liabilities | 10/49 | €91,316 | €50,112 | -€41,204 | -45.1% |
| Equity | 10/15 | €15,729 | €2,000 | -€13,729 | -87.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €13,729 | €0 | -€13,729 | -100% |
| Distributable reserves | 133 | €13,729 | €0 | -€13,729 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €75,587 | €48,112 | -€27,475 | -36.3% |
| Amounts payable within one year | 42/48 | €75,587 | €48,112 | -€27,475 | -36.3% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | €562 | €977 | +€416 | +74.0% |
| Suppliers | 440/4 | €562 | €977 | +€416 | +74.0% |
| Taxes, remuneration and social security | 45 | €11,275 | €5,098 | -€6,177 | -54.8% |
| Taxes | 450/3 | €11,275 | €5,098 | -€6,177 | -54.8% |
| Other amounts payable | 47/48 | €63,750 | €42,015 | -€21,735 | -34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265 | €552 | +€287 | +109% |
| Other operating charges | 640/8 | €935 | €520 | -€416 | -44.4% |
| Gross operating margin | 9900 | €84,158 | €27,875 | -€56,283 | -66.9% |
| Operating profit (loss) | 9901 | €82,958 | €26,803 | -€56,155 | -67.7% |
| Financial income | 75/76B | €326 | €36 | -€290 | -89.0% |
| Recurring financial income | 75 | €326 | €36 | -€290 | -89.0% |
| Financial charges | 65/66B | €60 | €495 | +€434 | +720% |
| Recurring financial charges | 65 | €60 | €495 | +€434 | +720% |
| Profit (loss) for the period before taxes | 9903 | €83,223 | €26,344 | -€56,879 | -68.3% |
| Income taxes | 67/77 | €21,406 | €7,015 | -€14,390 | -67.2% |
| Profit (loss) for the period | 9904 | €61,817 | €19,329 | -€42,488 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,817 | €19,329 | -€42,488 | -68.7% |
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 30 October 2026 via checked.be.