CASA MADRE: 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 MADRE
Largest movements
- Tangible fixed assets -€19,759
down €19,759 (-30.2%), from €65,443 to €45,683
of which Furniture and vehicles: -€15,526
- Stocks and contracts -€3,570
down €3,570 (-25.0%), from €14,259 to €10,688
- Debts after one year -€21,357
down €21,357 (-61.9%), from €34,485 to €13,128
- Trade debts -€13,967
down €13,967 (-41.3%), from €33,831 to €19,864
- Current portion of long-term debt +€10,905
new in 2025: €10,905
- Reserves +€7,916
up €7,916 (+6.5%), from €122,409 to €130,325
of which Distributable reserves: +€7,916
- Tax, wage and social debts -€7,751
down €7,751 (-18.2%), from €42,666 to €34,916
of which Taxes: -€8,083
- Staff costs -€21,608
down €21,608 (-10.8%), from €199,470 to €177,861
- Gross operating margin -€16,111
down €16,111 (-7.0%), from €229,664 to €213,553
- Financial charges +€2,489
up €2,489 (+43.2%), from €5,761 to €8,251
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 | €251,983 | €227,730 | -€24,253 | -9.6% |
| Fixed assets | 21/28 | €65,923 | €46,163 | -€19,759 | -30.0% |
| Tangible fixed assets | 22/27 | €65,443 | €45,683 | -€19,759 | -30.2% |
| Plant, machinery and equipment | 23 | €14,313 | €13,276 | -€1,036 | -7.2% |
| Furniture and vehicles | 24 | €34,320 | €18,794 | -€15,526 | -45.2% |
| Other tangible fixed assets | 26 | €16,810 | €13,613 | -€3,197 | -19.0% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €186,061 | €181,567 | -€4,494 | -2.4% |
| Stocks and contracts in progress | 3 | €14,259 | €10,688 | -€3,570 | -25.0% |
| Stocks | 30/36 | €14,259 | €10,688 | -€3,570 | -25.0% |
| Amounts receivable within one year | 40/41 | €123,981 | €122,975 | -€1,006 | -0.8% |
| Trade receivables | 40 | €6,219 | €7,128 | +€908 | +14.6% |
| Other amounts receivable | 41 | €117,762 | €115,848 | -€1,915 | -1.6% |
| Cash at bank and in hand | 54/58 | €47,062 | €47,903 | +€842 | +1.8% |
| Deferred charges and accrued income | 490/1 | €759 | €0 | -€759 | -100% |
| Total equity and liabilities | 10/49 | €251,983 | €227,730 | -€24,253 | -9.6% |
| Equity | 10/15 | €141,001 | €148,917 | +€7,916 | +5.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €122,409 | €130,325 | +€7,916 | +6.5% |
| Tax-exempt reserves | 132 | €3,806 | €3,806 | = | 0.0% |
| Distributable reserves | 133 | €118,603 | €126,519 | +€7,916 | +6.7% |
| Amounts payable | 17/49 | €110,982 | €78,813 | -€32,169 | -29.0% |
| Amounts payable after more than one year | 17 | €34,485 | €13,128 | -€21,357 | -61.9% |
| Financial debts | 170/4 | €34,485 | €13,128 | -€21,357 | -61.9% |
| Amounts payable within one year | 42/48 | €76,497 | €65,685 | -€10,812 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | - | €10,905 | +€10,905 | |
| Trade debts | 44 | €33,831 | €19,864 | -€13,967 | -41.3% |
| Suppliers | 440/4 | €33,831 | €19,864 | -€13,967 | -41.3% |
| Taxes, remuneration and social security | 45 | €42,666 | €34,916 | -€7,751 | -18.2% |
| Taxes | 450/3 | €14,535 | €6,453 | -€8,083 | -55.6% |
| Remuneration and social security | 454/9 | €28,131 | €28,463 | +€332 | +1.2% |
| Remuneration, social security and pensions | 62 | €199,470 | €177,861 | -€21,608 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,029 | €15,261 | -€1,768 | -10.4% |
| Other operating charges | 640/8 | €5,595 | €6,656 | +€1,061 | +19.0% |
| Gross operating margin | 9900 | €229,664 | €213,553 | -€16,111 | -7.0% |
| Operating profit (loss) | 9901 | €7,570 | €13,774 | +€6,204 | +81.9% |
| Financial income | 75/76B | €3,495 | €3,748 | +€253 | +7.2% |
| Recurring financial income | 75 | €3,495 | €3,748 | +€253 | +7.2% |
| Financial charges | 65/66B | €5,761 | €8,251 | +€2,489 | +43.2% |
| Recurring financial charges | 65 | €5,761 | €8,251 | +€2,489 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €5,304 | €9,271 | +€3,968 | +74.8% |
| Income taxes | 67/77 | €962 | €1,356 | +€394 | +40.9% |
| Profit (loss) for the period | 9904 | €4,342 | €7,916 | +€3,574 | +82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,342 | €7,916 | +€3,574 | +82.3% |
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 19 October 2026 via checked.be.