CASA CAVALLO: 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.
CASA CAVALLO
Largest movements
- Tangible fixed assets -€45,901
down €45,901 (-4.8%), from €952,689 to €906,787
of which Land and buildings: -€45,501
- Receivables within one year -€19,512
down €19,512 (-81.0%), from €24,091 to €4,579
of which Trade receivables: -€21,012
- Debts after one year -€65,241
down €65,241 (-7.9%), from €820,725 to €755,484
- Financial charges -€7,230
down €7,230 (-23.6%), from €30,644 to €23,414
- Gross operating margin -€3,757
down €3,757 (-4.6%), from €81,404 to €77,647
- Other operating charges +€1,064
up €1,064 (+17.2%), from €6,188 to €7,252
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 | €996,561 | €926,732 | -€69,829 | -7.0% |
| Fixed assets | 21/28 | €952,689 | €906,787 | -€45,901 | -4.8% |
| Tangible fixed assets | 22/27 | €952,689 | €906,787 | -€45,901 | -4.8% |
| Land and buildings | 22 | €951,644 | €906,143 | -€45,501 | -4.8% |
| Plant, machinery and equipment | 23 | €1,044 | €644 | -€400 | -38.3% |
| Current assets | 29/58 | €43,872 | €19,945 | -€23,928 | -54.5% |
| Amounts receivable within one year | 40/41 | €24,091 | €4,579 | -€19,512 | -81.0% |
| Trade receivables | 40 | €24,091 | €3,079 | -€21,012 | -87.2% |
| Other amounts receivable | 41 | - | €1,500 | +€1,500 | |
| Cash at bank and in hand | 54/58 | €17,439 | €13,473 | -€3,965 | -22.7% |
| Deferred charges and accrued income | 490/1 | €2,342 | €1,892 | -€450 | -19.2% |
| Total equity and liabilities | 10/49 | €996,561 | €926,732 | -€69,829 | -7.0% |
| Equity | 10/15 | -€281 | €799 | +€1,080 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,281 | -€49,201 | +€1,080 | +2.1% |
| Amounts payable | 17/49 | €996,842 | €925,933 | -€70,909 | -7.1% |
| Amounts payable after more than one year | 17 | €820,725 | €755,484 | -€65,241 | -7.9% |
| Financial debts | 170/4 | €820,725 | €755,484 | -€65,241 | -7.9% |
| Amounts payable within one year | 42/48 | €173,269 | €170,449 | -€2,819 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €62,723 | €65,144 | +€2,420 | +3.9% |
| Trade debts | 44 | €2,881 | €5,706 | +€2,826 | +98.1% |
| Suppliers | 440/4 | €2,881 | €5,706 | +€2,826 | +98.1% |
| Taxes, remuneration and social security | 45 | €8,665 | - | -€8,665 | |
| Taxes | 450/3 | €8,665 | - | -€8,665 | |
| Other amounts payable | 47/48 | €99,000 | €99,599 | +€599 | +0.6% |
| Accrued charges and deferred income | 492/3 | €2,849 | - | -€2,849 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,440 | €45,901 | +€461 | +1.0% |
| Other operating charges | 640/8 | €6,188 | €7,252 | +€1,064 | +17.2% |
| Gross operating margin | 9900 | €81,404 | €77,647 | -€3,757 | -4.6% |
| Operating profit (loss) | 9901 | €29,776 | €24,494 | -€5,282 | -17.7% |
| Financial charges | 65/66B | €30,644 | €23,414 | -€7,230 | -23.6% |
| Recurring financial charges | 65 | €30,644 | €23,414 | -€7,230 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€868 | €1,080 | +€1,948 | |
| Profit (loss) for the period | 9904 | -€868 | €1,080 | +€1,948 | |
| Profit (loss) for the period to be appropriated | 9905 | -€868 | €1,080 | +€1,948 |
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 15 October 2026 via checked.be.