CASA CONDES: 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 CONDES
Largest movements
- Tangible fixed assets +€125,617
up €125,617 (+89.3%), from €140,743 to €266,361
- Receivables within one year -€21,588
down €21,588 (-27.1%), from €79,598 to €58,010
of which Other amounts receivable: -€25,242
- Debts after one year +€175,042
new in 2025: €175,042
- Reserves -€127,000
down €127,000 (-79.8%), from €159,075 to €32,075
of which Distributable reserves: -€127,000
- Profit (loss) carried forward +€34,203
new in 2025: €34,203
- Current portion of long-term debt +€15,789
new in 2025: €15,789
- Trade debts +€5,963
new in 2025: €5,963
- Gross operating margin +€36,602
up €36,602 (+124%), from €29,625 to €66,227
- Depreciation +€8,909
up €8,909 (+126%), from €7,075 to €15,983
- Financial charges +€6,106
up €6,106 (+6,876%), from €89 to €6,194
- Other operating charges +€4,560
up €4,560 (+109%), from €4,190 to €8,750
- Financial income -€3,256
no longer reported in 2025 (was €3,256)
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,075 | €328,704 | +€107,628 | +48.7% |
| Fixed assets | 21/28 | €140,743 | €266,361 | +€125,617 | +89.3% |
| Tangible fixed assets | 22/27 | €140,743 | €266,361 | +€125,617 | +89.3% |
| Land and buildings | 22 | €140,743 | €266,361 | +€125,617 | +89.3% |
| Current assets | 29/58 | €80,332 | €62,343 | -€17,989 | -22.4% |
| Amounts receivable within one year | 40/41 | €79,598 | €58,010 | -€21,588 | -27.1% |
| Trade receivables | 40 | - | €3,654 | +€3,654 | |
| Other amounts receivable | 41 | €79,598 | €54,356 | -€25,242 | -31.7% |
| Cash at bank and in hand | 54/58 | €7 | €2,577 | +€2,570 | +36,871% |
| Deferred charges and accrued income | 490/1 | €727 | €1,756 | +€1,029 | +142% |
| Total equity and liabilities | 10/49 | €221,075 | €328,704 | +€107,628 | +48.7% |
| Equity | 10/15 | €221,075 | €128,278 | -€92,797 | -42.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €159,075 | €32,075 | -€127,000 | -79.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €152,875 | €25,875 | -€127,000 | -83.1% |
| Profit (loss) carried forward | 14 | - | €34,203 | +€34,203 | |
| Amounts payable | 17/49 | - | €200,425 | +€200,425 | |
| Amounts payable after more than one year | 17 | - | €175,042 | +€175,042 | |
| Financial debts | 170/4 | - | €175,042 | +€175,042 | |
| Amounts payable within one year | 42/48 | - | €25,383 | +€25,383 | |
| Current portion of amounts payable after more than one year | 42 | - | €15,789 | +€15,789 | |
| Trade debts | 44 | - | €5,963 | +€5,963 | |
| Suppliers | 440/4 | - | €5,963 | +€5,963 | |
| Taxes, remuneration and social security | 45 | - | €3,537 | +€3,537 | |
| Taxes | 450/3 | - | €3,537 | +€3,537 | |
| Other amounts payable | 47/48 | - | €94 | +€94 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,075 | €15,983 | +€8,909 | +126% |
| Other operating charges | 640/8 | €4,190 | €8,750 | +€4,560 | +109% |
| Non-recurring operating charges | 66A | €6,544 | - | -€6,544 | |
| Gross operating margin | 9900 | €29,625 | €66,227 | +€36,602 | +124% |
| Operating profit (loss) | 9901 | €11,816 | €41,493 | +€29,678 | +251% |
| Financial income | 75/76B | €3,256 | - | -€3,256 | |
| Recurring financial income | 75 | €3,256 | - | -€3,256 | |
| Financial charges | 65/66B | €89 | €6,194 | +€6,106 | +6,876% |
| Recurring financial charges | 65 | €89 | €6,194 | +€6,106 | +6,876% |
| Profit (loss) for the period before taxes | 9903 | €14,983 | €35,299 | +€20,316 | +136% |
| Income taxes | 67/77 | - | €1,096 | +€1,096 | |
| Profit (loss) for the period | 9904 | €14,983 | €34,203 | +€19,220 | +128% |
| Transfer from tax-exempt reserves | 789 | €8,676 | - | -€8,676 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,659 | €34,203 | +€10,544 | +44.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.