CASPRO: 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.
CASPRO
Largest movements
- Cash +€659,778
up €659,778 (+2,569%), from €25,687 to €685,464
mainly Receivables within one year (+€378,780) and Other debts (+€368,805)
- Receivables within one year -€378,780
down €378,780 (-28.8%), from €1.3m to €934,749
of which Trade receivables: -€418,193
- Stocks and contracts +€127,098
up €127,098 (+25.5%), from €499,112 to €626,209
- Tangible fixed assets -€42,204
down €42,204 (-47.5%), from €88,928 to €46,724
of which Plant, machinery and equipment: -€36,481
- Deferred charges and accrued income +€24,378
up €24,378 (+1,097%), from €2,223 to €26,600
- Other debts +€368,805
up €368,805 (+2,752%), from €13,403 to €382,208
- Debts after one year +€292,339
up €292,339 (+141%), from €207,661 to €500,000
- Trade debts -€286,989
down €286,989 (-55.8%), from €514,422 to €227,432
- Reserves -€213,597
down €213,597 (-19.9%), from €1.1m to €857,275
- Tax, wage and social debts +€133,724
up €133,724 (+631%), from €21,196 to €154,920
of which Taxes: +€133,709
- Staff costs +€206,206
up €206,206 (+88.9%), from €231,992 to €438,198
- Taxes -€127,722
down €127,722 (-84.2%), from €151,642 to €23,920
- Gross operating margin +€43,886
up €43,886 (+5.5%), from €794,302 to €838,188
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 | €1,929,614 | €2,319,747 | +€390,133 | +20.2% |
| Fixed assets | 21/28 | €89,063 | €46,724 | -€42,339 | -47.5% |
| Tangible fixed assets | 22/27 | €88,928 | €46,724 | -€42,204 | -47.5% |
| Plant, machinery and equipment | 23 | €66,748 | €30,267 | -€36,481 | -54.7% |
| Furniture and vehicles | 24 | €22,180 | €16,457 | -€5,724 | -25.8% |
| Financial fixed assets | 28 | €135 | €0 | -€135 | -100% |
| Current assets | 29/58 | €1,840,551 | €2,273,023 | +€432,473 | +23.5% |
| Stocks and contracts in progress | 3 | €499,112 | €626,209 | +€127,098 | +25.5% |
| Stocks | 30/36 | €499,112 | €626,209 | +€127,098 | +25.5% |
| Amounts receivable within one year | 40/41 | €1,313,530 | €934,749 | -€378,780 | -28.8% |
| Trade receivables | 40 | €521,079 | €102,887 | -€418,193 | -80.3% |
| Other amounts receivable | 41 | €792,450 | €831,863 | +€39,412 | +5.0% |
| Cash at bank and in hand | 54/58 | €25,687 | €685,464 | +€659,778 | +2,569% |
| Deferred charges and accrued income | 490/1 | €2,223 | €26,600 | +€24,378 | +1,097% |
| Total equity and liabilities | 10/49 | €1,929,614 | €2,319,747 | +€390,133 | +20.2% |
| Equity | 10/15 | €1,157,756 | €944,159 | -€213,597 | -18.4% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Contributions outside capital | 11 | €22,000 | - | -€22,000 | |
| Other | 1109/19 | €22,000 | - | -€22,000 | |
| Reserves | 13 | €1,070,872 | €857,275 | -€213,597 | -19.9% |
| Distributable reserves | 133 | €1,070,872 | €857,275 | -€213,597 | -19.9% |
| Profit (loss) carried forward | 14 | €64,884 | €64,884 | = | 0.0% |
| Amounts payable | 17/49 | €771,858 | €1,375,588 | +€603,731 | +78.2% |
| Amounts payable after more than one year | 17 | €207,661 | €500,000 | +€292,339 | +141% |
| Financial debts | 170/4 | €207,661 | €500,000 | +€292,339 | +141% |
| Amounts payable within one year | 42/48 | €564,197 | €775,588 | +€211,392 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €15,176 | €11,025 | -€4,150 | -27.3% |
| Financial debts | 43 | - | €3 | +€3 | |
| Credit institutions | 430/8 | - | €3 | +€3 | |
| Trade debts | 44 | €514,422 | €227,432 | -€286,989 | -55.8% |
| Suppliers | 440/4 | €514,422 | €227,432 | -€286,989 | -55.8% |
| Taxes, remuneration and social security | 45 | €21,196 | €154,920 | +€133,724 | +631% |
| Taxes | 450/3 | €21,196 | €154,905 | +€133,709 | +631% |
| Remuneration and social security | 454/9 | - | €15 | +€15 | |
| Other amounts payable | 47/48 | €13,403 | €382,208 | +€368,805 | +2,752% |
| Accrued charges and deferred income | 492/3 | - | €100,000 | +€100,000 | |
| Non-recurring operating income | 76A | - | €4,183 | +€4,183 | |
| Remuneration, social security and pensions | 62 | €231,992 | €438,198 | +€206,206 | +88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,797 | €54,242 | +€6,446 | +13.5% |
| Other operating charges | 640/8 | €2,981 | €8,257 | +€5,276 | +177% |
| Gross operating margin | 9900 | €794,302 | €838,188 | +€43,886 | +5.5% |
| Operating profit (loss) | 9901 | €511,533 | €337,491 | -€174,042 | -34.0% |
| Financial income | 75/76B | €4,006 | €6,724 | +€2,718 | +67.8% |
| Recurring financial income | 75 | €4,006 | €6,724 | +€2,718 | +67.8% |
| Financial charges | 65/66B | €29,257 | €25,757 | -€3,500 | -12.0% |
| Recurring financial charges | 65 | €29,257 | €25,757 | -€3,500 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €486,282 | €318,458 | -€167,824 | -34.5% |
| Income taxes | 67/77 | €151,642 | €23,920 | -€127,722 | -84.2% |
| Profit (loss) for the period | 9904 | €334,639 | €294,538 | -€40,102 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €334,639 | €294,538 | -€40,102 | -12.0% |
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.