CASA MI: 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 MI
Largest movements
- Cash +€342,845
up €342,845 (+519%), from €66,114 to €408,959
mainly Net result for the year (+€213,420) and Investment in fixed assets (net) (+€85,294)
- Tangible fixed assets -€85,294
down €85,294 (-15.3%), from €556,034 to €470,740
- Receivables after one year -€15,437
down €15,437 (-81.3%), from €18,992 to €3,555
- Deferred charges and accrued income -€12,000
no longer reported in 2025 (was €12,000)
- Reserves +€170,186
up €170,186 (+2,836%), from €6,000 to €176,186
of which Tax-exempt reserves: +€170,186
- Provisions +€56,729
new in 2025: €56,729
- Profit (loss) carried forward +€43,234
up €43,234 (+8.6%), from €504,978 to €548,212
- Debts after one year -€39,876
no longer reported in 2025 (was €39,876)
- Gross operating margin +€244,117
up €244,117 (+560%), from €43,580 to €287,697
- Taxes +€4,943
up €4,943 (+52.0%), from €9,502 to €14,445
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 | €653,140 | €883,255 | +€230,115 | +35.2% |
| Fixed assets | 21/28 | €556,034 | €470,740 | -€85,294 | -15.3% |
| Tangible fixed assets | 22/27 | €556,034 | €470,740 | -€85,294 | -15.3% |
| Other tangible fixed assets | 26 | €556,034 | €470,740 | -€85,294 | -15.3% |
| Current assets | 29/58 | €97,106 | €412,515 | +€315,408 | +325% |
| Amounts receivable after more than one year | 29 | €18,992 | €3,555 | -€15,437 | -81.3% |
| Other amounts receivable | 291 | €18,992 | €3,555 | -€15,437 | -81.3% |
| Cash at bank and in hand | 54/58 | €66,114 | €408,959 | +€342,845 | +519% |
| Deferred charges and accrued income | 490/1 | €12,000 | - | -€12,000 | |
| Total equity and liabilities | 10/49 | €653,140 | €883,255 | +€230,115 | +35.2% |
| Equity | 10/15 | €570,978 | €784,398 | +€213,420 | +37.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €176,186 | +€170,186 | +2,836% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €170,186 | +€170,186 | |
| Profit (loss) carried forward | 14 | €504,978 | €548,212 | +€43,234 | +8.6% |
| Provisions and deferred taxes | 16 | - | €56,729 | +€56,729 | |
| Deferred taxes | 168 | - | €56,729 | +€56,729 | |
| Amounts payable | 17/49 | €82,162 | €42,128 | -€40,034 | -48.7% |
| Amounts payable after more than one year | 17 | €39,876 | - | -€39,876 | |
| Financial debts | 170/4 | €39,876 | - | -€39,876 | |
| Amounts payable within one year | 42/48 | €42,286 | €42,128 | -€158 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €38,219 | €39,876 | +€1,657 | +4.3% |
| Taxes, remuneration and social security | 45 | €4,067 | €2,252 | -€1,815 | -44.6% |
| Taxes | 450/3 | €4,067 | €2,252 | -€1,815 | -44.6% |
| Non-recurring operating income | 76A | - | €3,089 | +€3,089 | |
| Other operating charges | 640/8 | €887 | €299 | -€587 | -66.3% |
| Gross operating margin | 9900 | €43,580 | €287,697 | +€244,117 | +560% |
| Operating profit (loss) | 9901 | €42,694 | €287,398 | +€244,704 | +573% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €4,787 | €2,804 | -€1,983 | -41.4% |
| Recurring financial charges | 65 | €4,787 | €2,804 | -€1,983 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €37,907 | €284,594 | +€246,687 | +651% |
| Transfer to deferred taxes | 680 | - | €56,729 | +€56,729 | |
| Income taxes | 67/77 | €9,502 | €14,445 | +€4,943 | +52.0% |
| Profit (loss) for the period | 9904 | €28,405 | €213,420 | +€185,015 | +651% |
| Transfer to tax-exempt reserves | 689 | - | €170,186 | +€170,186 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,405 | €43,234 | +€14,829 | +52.2% |
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.