CASA IOVINE: 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 IOVINE
Largest movements
- Tangible fixed assets +€117,205
up €117,205 (+414%), from €28,309 to €145,514
of which Plant, machinery and equipment: +€101,592
- Cash +€77,606
up €77,606 (+147%), from €52,774 to €130,380
mainly Debts after one year (+€125,489) and Net result for the year (+€89,194)
- Stocks and contracts +€53,099
new in 2025: €53,099
- Receivables within one year +€40,674
up €40,674 (+408%), from €9,976 to €50,650
of which Other amounts receivable: +€33,023
- Receivables after one year -€37,528
no longer reported in 2025 (was €37,528)
- Debts after one year +€125,489
up €125,489 (+1,111%), from €11,297 to €136,786
- Trade debts +€58,493
up €58,493 (+22,283%), from €263 to €58,756
- Other debts +€54,583
new in 2025: €54,583
- Tax, wage and social debts +€26,477
up €26,477 (+315%), from €8,412 to €34,889
of which Taxes: +€18,128
- Current portion of long-term debt +€18,759
up €18,759 (+207%), from €9,049 to €27,808
- Gross operating margin +€229,148
up €229,148 (+5,755%), from €3,982 to €233,130
- Staff costs +€138,246
new in 2025: €138,246
- Taxes +€15,720
up €15,720, from €0 to €15,720
- Depreciation +€8,383
up €8,383 (+235%), from €3,564 to €11,947
- Financial charges +€6,672
up €6,672 (+558%), from €1,195 to €7,867
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 | €133,846 | €422,357 | +€288,510 | +216% |
| Fixed assets | 21/28 | €32,401 | €185,315 | +€152,915 | +472% |
| Intangible fixed assets | 21 | - | €35,709 | +€35,709 | |
| Tangible fixed assets | 22/27 | €28,309 | €145,514 | +€117,205 | +414% |
| Land and buildings | 22 | - | €9,387 | +€9,387 | |
| Plant, machinery and equipment | 23 | €3,469 | €105,061 | +€101,592 | +2,928% |
| Furniture and vehicles | 24 | €3,174 | €11,769 | +€8,595 | +271% |
| Other tangible fixed assets | 26 | €21,666 | €19,297 | -€2,368 | -10.9% |
| Financial fixed assets | 28 | €4,092 | €4,092 | = | 0.0% |
| Current assets | 29/58 | €101,446 | €237,042 | +€135,596 | +134% |
| Amounts receivable after more than one year | 29 | €37,528 | - | -€37,528 | |
| Trade receivables | 290 | €37,528 | - | -€37,528 | |
| Stocks and contracts in progress | 3 | - | €53,099 | +€53,099 | |
| Stocks | 30/36 | - | €53,099 | +€53,099 | |
| Amounts receivable within one year | 40/41 | €9,976 | €50,650 | +€40,674 | +408% |
| Trade receivables | 40 | €9,976 | €17,627 | +€7,651 | +76.7% |
| Other amounts receivable | 41 | €0 | €33,023 | +€33,023 | |
| Cash at bank and in hand | 54/58 | €52,774 | €130,380 | +€77,606 | +147% |
| Deferred charges and accrued income | 490/1 | €1,168 | €2,912 | +€1,745 | +149% |
| Total equity and liabilities | 10/49 | €133,846 | €422,357 | +€288,510 | +216% |
| Equity | 10/15 | €104,826 | €91,444 | -€13,382 | -12.8% |
| Contributions | 10/11 | €2,250 | €2,250 | = | 0.0% |
| Reserves | 13 | €102,576 | €89,194 | -€13,382 | -13.0% |
| Distributable reserves | 133 | €102,576 | €89,194 | -€13,382 | -13.0% |
| Amounts payable | 17/49 | €29,020 | €330,913 | +€301,893 | +1,040% |
| Amounts payable after more than one year | 17 | €11,297 | €136,786 | +€125,489 | +1,111% |
| Financial debts | 170/4 | €11,297 | €136,786 | +€125,489 | +1,111% |
| Amounts payable within one year | 42/48 | €17,723 | €176,035 | +€158,312 | +893% |
| Current portion of amounts payable after more than one year | 42 | €9,049 | €27,808 | +€18,759 | +207% |
| Trade debts | 44 | €263 | €58,756 | +€58,493 | +22,283% |
| Suppliers | 440/4 | €263 | €58,756 | +€58,493 | +22,283% |
| Taxes, remuneration and social security | 45 | €8,412 | €34,889 | +€26,477 | +315% |
| Taxes | 450/3 | €8,412 | €26,540 | +€18,128 | +216% |
| Remuneration and social security | 454/9 | - | €8,349 | +€8,349 | |
| Other amounts payable | 47/48 | - | €54,583 | +€54,583 | |
| Accrued charges and deferred income | 492/3 | - | €18,092 | +€18,092 | |
| Remuneration, social security and pensions | 62 | - | €138,246 | +€138,246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,564 | €11,947 | +€8,383 | +235% |
| Other operating charges | 640/8 | €914 | €1,401 | +€488 | +53.4% |
| Gross operating margin | 9900 | €3,982 | €233,130 | +€229,148 | +5,755% |
| Operating profit (loss) | 9901 | -€496 | €81,535 | +€82,031 | |
| Financial income | 75/76B | €28,989 | €31,245 | +€2,257 | +7.8% |
| Recurring financial income | 75 | €28,989 | €31,245 | +€2,257 | +7.8% |
| Financial charges | 65/66B | €1,195 | €7,867 | +€6,672 | +558% |
| Recurring financial charges | 65 | €1,195 | €7,867 | +€6,672 | +558% |
| Profit (loss) for the period before taxes | 9903 | €27,298 | €104,914 | +€77,616 | +284% |
| Income taxes | 67/77 | €0 | €15,720 | +€15,720 | |
| Profit (loss) for the period | 9904 | €27,298 | €89,194 | +€61,895 | +227% |
| Profit (loss) for the period to be appropriated | 9905 | €27,298 | €89,194 | +€61,895 | +227% |
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 31 October 2026 via checked.be.