PC KASSEIN: 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.
PC KASSEIN
Largest movements
- Tangible fixed assets -€21,666
down €21,666 (-65.2%), from €33,244 to €11,577
- Receivables within one year +€9,792
up €9,792 (+79.2%), from €12,364 to €22,156
of which Trade receivables: +€9,570
- Cash -€1,426
down €1,426 (-95.5%), from €1,493 to €67
mainly Debts after one year (-€15,993) and Receivables within one year (-€9,792)
- Deferred charges and accrued income -€943
down €943 (-47.0%), from €2,008 to €1,065
- Debts after one year -€15,993
down €15,993 (-67.2%), from €23,814 to €7,821
- Profit (loss) carried forward +€12,925
up €12,925 (+25.7%), from -€50,211 to -€37,286
- Other debts -€8,467
down €8,467 (-23.8%), from €35,566 to €27,100
- Tax, wage and social debts -€1,897
down €1,897 (-74.8%), from €2,537 to €640
of which Remuneration and social security: -€1,900
- Short-term financial debts -€1,320
no longer reported in 2025 (was €1,320)
- Gross operating margin +€8,395
up €8,395 (+27.7%), from €30,269 to €38,665
- Other operating charges +€546
up €546 (+46.4%), from €1,176 to €1,722
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 | €49,109 | €34,865 | -€14,244 | -29.0% |
| Fixed assets | 21/28 | €33,244 | €11,577 | -€21,666 | -65.2% |
| Tangible fixed assets | 22/27 | €33,244 | €11,577 | -€21,666 | -65.2% |
| Furniture and vehicles | 24 | €33,244 | €11,577 | -€21,666 | -65.2% |
| Current assets | 29/58 | €15,866 | €23,287 | +€7,422 | +46.8% |
| Amounts receivable within one year | 40/41 | €12,364 | €22,156 | +€9,792 | +79.2% |
| Trade receivables | 40 | €11,663 | €21,233 | +€9,570 | +82.1% |
| Other amounts receivable | 41 | €701 | €923 | +€222 | +31.6% |
| Cash at bank and in hand | 54/58 | €1,493 | €67 | -€1,426 | -95.5% |
| Deferred charges and accrued income | 490/1 | €2,008 | €1,065 | -€943 | -47.0% |
| Total equity and liabilities | 10/49 | €49,109 | €34,865 | -€14,244 | -29.0% |
| Equity | 10/15 | -€30,311 | -€17,386 | +€12,925 | +42.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,900 | €16,900 | = | 0.0% |
| Distributable reserves | 133 | €16,900 | €16,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,211 | -€37,286 | +€12,925 | +25.7% |
| Amounts payable | 17/49 | €79,420 | €52,251 | -€27,169 | -34.2% |
| Amounts payable after more than one year | 17 | €23,814 | €7,821 | -€15,993 | -67.2% |
| Financial debts | 170/4 | €23,814 | €7,821 | -€15,993 | -67.2% |
| Amounts payable within one year | 42/48 | €55,606 | €44,430 | -€11,177 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €15,594 | €15,993 | +€398 | +2.6% |
| Financial debts | 43 | €1,320 | - | -€1,320 | |
| Credit institutions | 430/8 | €1,320 | - | -€1,320 | |
| Trade debts | 44 | €589 | €697 | +€108 | +18.3% |
| Suppliers | 440/4 | €589 | €697 | +€108 | +18.3% |
| Taxes, remuneration and social security | 45 | €2,537 | €640 | -€1,897 | -74.8% |
| Taxes | 450/3 | €637 | €640 | +€3 | +0.5% |
| Remuneration and social security | 454/9 | €1,900 | - | -€1,900 | |
| Other amounts payable | 47/48 | €35,566 | €27,100 | -€8,467 | -23.8% |
| Non-recurring operating income | 76A | - | €2,160 | +€2,160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,048 | €21,666 | -€381 | -1.7% |
| Other operating charges | 640/8 | €1,176 | €1,722 | +€546 | +46.4% |
| Gross operating margin | 9900 | €30,269 | €38,665 | +€8,395 | +27.7% |
| Operating profit (loss) | 9901 | €7,046 | €15,277 | +€8,231 | +116.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,966 | €2,163 | +€197 | +10.0% |
| Recurring financial charges | 65 | €1,966 | €2,163 | +€197 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €5,080 | €13,114 | +€8,034 | +158.1% |
| Income taxes | 67/77 | €186 | €189 | +€3 | +1.7% |
| Profit (loss) for the period | 9904 | €4,894 | €12,925 | +€8,030 | +164.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,894 | €12,925 | +€8,030 | +164.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.