CASA MARE: what changed
Two fiscal 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 MARE
Largest movements
- Current investments +€125,000
up €125,000, from €0 to €125,000
- Receivables within one year +€72,188
up €72,188 (+99.4%), from €72,612 to €144,800
of which Trade receivables: +€48,800
- Cash -€60,665
down €60,665 (-20.5%), from €295,392 to €234,726
mainly Contributions, distributions and other (-€251,000) and Current investments (-€125,000)
- Trade debts +€211,605
up €211,605 (+786.6%), from €26,900 to €238,505
- Other debts -€74,250
down €74,250 (-22.8%), from €325,250 to €251,000
- Gross operating margin -€69,911
down €69,911 (-27.9%), from €250,197 to €180,286
- Financial income -€5,098
down €5,098 (-6.3%), from €80,888 to €75,791
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 | €565,002 | €701,525 | +€136,523 | +24.2% |
| Fixed assets | 21/28 | €196,998 | €196,998 | = | 0.0% |
| Financial fixed assets | 28 | €196,998 | €196,998 | = | 0.0% |
| Current assets | 29/58 | €368,004 | €504,527 | +€136,523 | +37.1% |
| Amounts receivable within one year | 40/41 | €72,612 | €144,800 | +€72,188 | +99.4% |
| Trade receivables | 40 | €72,200 | €121,000 | +€48,800 | +67.6% |
| Other amounts receivable | 41 | €412 | €23,800 | +€23,388 | +5676.2% |
| Current investments | 50/53 | €0 | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €295,392 | €234,726 | -€60,665 | -20.5% |
| Total equity and liabilities | 10/49 | €565,002 | €701,525 | +€136,523 | +24.2% |
| Equity | 10/15 | €71,497 | €73,658 | +€2,160 | +3.0% |
| 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 | €9,497 | €11,658 | +€2,160 | +22.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €3,297 | €5,458 | +€2,160 | +65.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €493,504 | €627,867 | +€134,363 | +27.2% |
| Amounts payable after more than one year | 17 | €135,000 | €135,000 | = | 0.0% |
| Financial debts | 170/4 | €135,000 | €135,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €356,492 | €489,505 | +€133,013 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €26,900 | €238,505 | +€211,605 | +786.6% |
| Suppliers | 440/4 | €26,900 | €238,505 | +€211,605 | +786.6% |
| Taxes, remuneration and social security | 45 | €4,342 | €0 | -€4,342 | -100.0% |
| Taxes | 450/3 | €4,342 | €0 | -€4,342 | -100.0% |
| Other amounts payable | 47/48 | €325,250 | €251,000 | -€74,250 | -22.8% |
| Accrued charges and deferred income | 492/3 | €2,012 | €3,362 | +€1,350 | +67.1% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €250,197 | €180,286 | -€69,911 | -27.9% |
| Operating profit (loss) | 9901 | €249,692 | €179,766 | -€69,926 | -28.0% |
| Financial income | 75/76B | €80,888 | €75,791 | -€5,098 | -6.3% |
| Recurring financial income | 75 | €80,888 | €75,791 | -€5,098 | -6.3% |
| Financial charges | 65/66B | €1,825 | €1,676 | -€148 | -8.1% |
| Recurring financial charges | 65 | €1,825 | €1,676 | -€148 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €328,755 | €253,880 | -€74,875 | -22.8% |
| Income taxes | 67/77 | €939 | €720 | -€219 | -23.3% |
| Profit (loss) for the period | 9904 | €327,816 | €253,160 | -€74,656 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €327,816 | €253,160 | -€74,656 | -22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.