CASA DELRUE: what changed
CASA DELRUE
Largest movements
- Receivables within one year +€55,984
up €55,984 (+37.4%), from €149,529 to €205,512
of which Trade receivables: +€34,664
- Tangible fixed assets +€35,263
up €35,263 (+85.6%), from €41,181 to €76,444
of which Furniture and vehicles: +€18,918
- Cash -€23,205
down €23,205 (-32.4%), from €71,670 to €48,466
mainly Net result for the year (-€83,167) and Receivables within one year (-€55,984)
- Stocks and contracts -€15,999
down €15,999 (-27.1%), from €58,966 to €42,967
- Financial fixed assets -€12,531
down €12,531 (-73.5%), from €17,042 to €4,511
- Other debts +€119,825
up €119,825 (+201%), from €59,737 to €179,563
- Profit (loss) carried forward -€83,167
down €83,167, from €23,181 to -€59,985
- Short-term financial debts +€55,688
up €55,688 (+56.3%), from €99,000 to €154,688
of which Credit institutions: +€49,000
- Trade debts -€55,240
down €55,240 (-43.0%), from €128,454 to €73,213
- Gross operating margin -€248,158
down €248,158 (-61.0%), from €407,037 to €158,879
- Staff costs -€103,103
down €103,103 (-32.4%), from €318,415 to €215,312
- Financial charges -€7,317
down €7,317 (-40.5%), from €18,087 to €10,770
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,734 | €381,983 | +€40,249 | +11.8% |
| Fixed assets | 21/28 | €58,223 | €80,955 | +€22,732 | +39.0% |
| Tangible fixed assets | 22/27 | €41,181 | €76,444 | +€35,263 | +85.6% |
| Plant, machinery and equipment | 23 | €34,103 | €50,448 | +€16,345 | +47.9% |
| Furniture and vehicles | 24 | €7,078 | €25,996 | +€18,918 | +267% |
| Financial fixed assets | 28 | €17,042 | €4,511 | -€12,531 | -73.5% |
| Current assets | 29/58 | €283,511 | €301,028 | +€17,517 | +6.2% |
| Stocks and contracts in progress | 3 | €58,966 | €42,967 | -€15,999 | -27.1% |
| Stocks | 30/36 | €58,966 | €42,967 | -€15,999 | -27.1% |
| Amounts receivable within one year | 40/41 | €149,529 | €205,512 | +€55,984 | +37.4% |
| Trade receivables | 40 | €118,412 | €153,076 | +€34,664 | +29.3% |
| Other amounts receivable | 41 | €31,116 | €52,437 | +€21,320 | +68.5% |
| Cash at bank and in hand | 54/58 | €71,670 | €48,466 | -€23,205 | -32.4% |
| Deferred charges and accrued income | 490/1 | €3,346 | €4,083 | +€737 | +22.0% |
| Total equity and liabilities | 10/49 | €341,734 | €381,983 | +€40,249 | +11.8% |
| Equity | 10/15 | €43,641 | -€39,525 | -€83,167 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,181 | -€59,985 | -€83,167 | |
| Amounts payable | 17/49 | €298,092 | €421,508 | +€123,416 | +41.4% |
| Amounts payable within one year | 42/48 | €296,084 | €419,121 | +€123,037 | +41.6% |
| Financial debts | 43 | €99,000 | €154,688 | +€55,688 | +56.3% |
| Credit institutions | 430/8 | €99,000 | €148,000 | +€49,000 | +49.5% |
| Other loans | 439 | - | €6,688 | +€6,688 | |
| Trade debts | 44 | €128,454 | €73,213 | -€55,240 | -43.0% |
| Suppliers | 440/4 | €128,454 | €73,213 | -€55,240 | -43.0% |
| Taxes, remuneration and social security | 45 | €8,893 | €11,657 | +€2,764 | +31.1% |
| Taxes | 450/3 | €4,064 | €8,712 | +€4,648 | +114% |
| Remuneration and social security | 454/9 | €4,829 | €2,945 | -€1,884 | -39.0% |
| Other amounts payable | 47/48 | €59,737 | €179,563 | +€119,825 | +201% |
| Accrued charges and deferred income | 492/3 | €2,008 | €2,387 | +€379 | +18.9% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | €318,415 | €215,312 | -€103,103 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,892 | €14,314 | -€2,578 | -15.3% |
| Other operating charges | 640/8 | €3,872 | €1,695 | -€2,177 | -56.2% |
| Gross operating margin | 9900 | €407,037 | €158,879 | -€248,158 | -61.0% |
| Operating profit (loss) | 9901 | €67,857 | -€72,442 | -€140,299 | |
| Financial income | 75/76B | €246 | €45 | -€201 | -81.6% |
| Recurring financial income | 75 | €246 | €45 | -€201 | -81.6% |
| Financial charges | 65/66B | €18,087 | €10,770 | -€7,317 | -40.5% |
| Recurring financial charges | 65 | €18,087 | €10,770 | -€7,317 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €50,016 | -€83,167 | -€133,182 | |
| Income taxes | 67/77 | €1,256 | - | -€1,256 | |
| Profit (loss) for the period | 9904 | €48,760 | -€83,167 | -€131,926 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,760 | -€83,167 | -€131,926 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.