CASA MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets +€514,761
up €514,761 (+77.4%), from €665,030 to €1.2m
of which Land and buildings: +€516,016
- Receivables within one year +€49,485
up €49,485 (+44.1%), from €112,150 to €161,635
of which Trade receivables: +€50,501
- Debts after one year +€386,266
up €386,266 (+54.5%), from €709,030 to €1.1m
- Other debts +€113,447
up €113,447 (+12.7%), from €892,374 to €1.0m
- Trade debts +€68,552
up €68,552 (+187.4%), from €36,589 to €105,140
- Financial charges +€26,335
up €26,335 (+186.2%), from €14,145 to €40,480
- Depreciation +€25,641
up €25,641 (+610.0%), from €4,203 to €29,844
- Other operating charges -€18,637
down €18,637 (-91.4%), from €20,402 to €1,765
- Gross operating margin +€15,144
up €15,144 (+150.2%), from €10,084 to €25,227
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.
Cash bridge derived
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 | €1,762,511 | €2,320,503 | +€557,992 | +31.7% |
| Fixed assets | 21/28 | €1,640,030 | €2,154,791 | +€514,761 | +31.4% |
| Tangible fixed assets | 22/27 | €665,030 | €1,179,791 | +€514,761 | +77.4% |
| Land and buildings | 22 | €663,441 | €1,179,457 | +€516,016 | +77.8% |
| Furniture and vehicles | 24 | €1,589 | €334 | -€1,255 | -79.0% |
| Financial fixed assets | 28 | €975,000 | €975,000 | = | 0.0% |
| Current assets | 29/58 | €122,481 | €165,712 | +€43,230 | +35.3% |
| Amounts receivable within one year | 40/41 | €112,150 | €161,635 | +€49,485 | +44.1% |
| Trade receivables | 40 | €64,130 | €114,631 | +€50,501 | +78.7% |
| Other amounts receivable | 41 | €48,020 | €47,004 | -€1,016 | -2.1% |
| Cash at bank and in hand | 54/58 | €8,451 | €2,170 | -€6,281 | -74.3% |
| Deferred charges and accrued income | 490/1 | €1,880 | €1,907 | +€27 | +1.4% |
| Total equity and liabilities | 10/49 | €1,762,511 | €2,320,503 | +€557,992 | +31.7% |
| Equity | 10/15 | €62,577 | €65,465 | +€2,888 | +4.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,577 | €62,465 | +€2,888 | +4.8% |
| Amounts payable | 17/49 | €1,699,934 | €2,255,038 | +€555,104 | +32.7% |
| Amounts payable after more than one year | 17 | €709,030 | €1,095,296 | +€386,266 | +54.5% |
| Financial debts | 170/4 | €709,030 | €1,095,296 | +€386,266 | +54.5% |
| Amounts payable within one year | 42/48 | €990,905 | €1,159,742 | +€168,837 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €38,745 | €40,342 | +€1,597 | +4.1% |
| Financial debts | 43 | - | €806 | +€806 | |
| Credit institutions | 430/8 | - | €806 | +€806 | |
| Trade debts | 44 | €36,589 | €105,140 | +€68,552 | +187.4% |
| Suppliers | 440/4 | €36,589 | €105,140 | +€68,552 | +187.4% |
| Taxes, remuneration and social security | 45 | €23,197 | €7,631 | -€15,565 | -67.1% |
| Taxes | 450/3 | €12,452 | €5,496 | -€6,957 | -55.9% |
| Remuneration and social security | 454/9 | €10,744 | €2,136 | -€8,609 | -80.1% |
| Other amounts payable | 47/48 | €892,374 | €1,005,821 | +€113,447 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,203 | €29,844 | +€25,641 | +610.0% |
| Other operating charges | 640/8 | €20,402 | €1,765 | -€18,637 | -91.4% |
| Gross operating margin | 9900 | €10,084 | €25,227 | +€15,144 | +150.2% |
| Operating profit (loss) | 9901 | -€14,521 | -€6,382 | +€8,140 | +56.1% |
| Financial income | 75/76B | €50,000 | €50,000 | -€0 | 0.0% |
| Recurring financial income | 75 | €50,000 | €50,000 | -€0 | 0.0% |
| Financial charges | 65/66B | €14,145 | €40,480 | +€26,335 | +186.2% |
| Recurring financial charges | 65 | €14,145 | €40,480 | +€26,335 | +186.2% |
| Profit (loss) for the period before taxes | 9903 | €21,334 | €3,138 | -€18,195 | -85.3% |
| Income taxes | 67/77 | €273 | €250 | -€23 | -8.5% |
| Profit (loss) for the period | 9904 | €21,060 | €2,888 | -€18,172 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,060 | €2,888 | -€18,172 | -86.3% |
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 11 October 2026 via checked.be.