CASABLANCO: 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.
What changed
CASABLANCO
NACE 85.592, Vocational training
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€77,205
2024 · -€55,659+€132,864
Equity
€1.0m
2024 · €944,641+€77,205
Cash
€529,333
2024 · €611,902-€82,569
Balance sheet total
€2.1m
2024 · €1.8m+€266,452
Largest movements
Assets
- Receivables within one year +€357,037
up €357,037 (+33.9%), from €1.1m to €1.4m
of which Trade receivables: +€554,903
- Cash -€82,569
down €82,569 (-13.5%), from €611,902 to €529,333
mainly Receivables within one year (-€357,037) and Deferred charges and accrued income (-€13,595)
Equity and liabilities
- Debts within one year +€199,794
up €199,794 (+25.4%), from €787,473 to €987,267
- Profit (loss) carried forward +€69,715
up €69,715 (+240.6%), from €28,978 to €98,693
Income statement
- Gross operating margin +€240,895
up €240,895 (+8.3%), from €2.9m to €3.1m
- Staff costs +€111,442
up €111,442 (+3.8%), from €2.9m to €3.0m
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.
Result 2024
-€55,659
Gross operating margin
+€240,895
Staff costs
-€111,442
Depreciation
-€367
Write-downs
+€6,677
Other operating charges
+€4,527
Other operating items
-€6,561
Financial income
+€24
Financial charges
-€51
Taxes
-€838
Result 2025
€77,205
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.
From operations
-€75,614
Investment
-€6,955
Financing
€0
Cash 2024
€611,902
From operations (derived)
-€75,614
Net result for the year
+€77,205
Depreciation
+€29,403
Stocks and contracts
-€837
Receivables within one year
-€357,037
Deferred charges and accrued income
-€13,595
Provisions
-€8,375
Debts within one year
+€199,794
Accrued charges and deferred income
-€2,172
Investment (derived)
-€6,955
Investment in fixed assets (net)
-€6,955
Cash 2025
€529,333
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,811,889 | €2,078,342 | +€266,452 | +14.7% |
| Fixed assets | 21/28 | €109,984 | €87,535 | -€22,449 | -20.4% |
| Intangible fixed assets | 21 | €4,152 | €1,705 | -€2,447 | -58.9% |
| Tangible fixed assets | 22/27 | €94,480 | €76,401 | -€18,078 | -19.1% |
| Plant, machinery and equipment | 23 | €13,533 | €14,769 | +€1,236 | +9.1% |
| Furniture and vehicles | 24 | €20,871 | €9,066 | -€11,805 | -56.6% |
| Other tangible fixed assets | 26 | €60,076 | €52,566 | -€7,509 | -12.5% |
| Financial fixed assets | 28 | €11,353 | €9,429 | -€1,924 | -16.9% |
| Current assets | 29/58 | €1,701,905 | €1,990,806 | +€288,901 | +17.0% |
| Stocks and contracts in progress | 3 | €10,590 | €11,427 | +€837 | +7.9% |
| Stocks | 30/36 | €10,590 | €11,427 | +€837 | +7.9% |
| Amounts receivable within one year | 40/41 | €1,054,685 | €1,411,723 | +€357,037 | +33.9% |
| Trade receivables | 40 | €321,091 | €875,994 | +€554,903 | +172.8% |
| Other amounts receivable | 41 | €733,595 | €535,729 | -€197,866 | -27.0% |
| Cash at bank and in hand | 54/58 | €611,902 | €529,333 | -€82,569 | -13.5% |
| Deferred charges and accrued income | 490/1 | €24,728 | €38,323 | +€13,595 | +55.0% |
| Total equity and liabilities | 10/49 | €1,811,889 | €2,078,342 | +€266,452 | +14.7% |
| Equity | 10/15 | €944,641 | €1,021,846 | +€77,205 | +8.2% |
| Reserves | 13 | €915,663 | €923,153 | +€7,491 | +0.8% |
| Profit (loss) carried forward | 14 | €28,978 | €98,693 | +€69,715 | +240.6% |
| Provisions and deferred taxes | 16 | €69,181 | €60,806 | -€8,375 | -12.1% |
| Provisions for liabilities and charges | 160/5 | €69,181 | €60,806 | -€8,375 | -12.1% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €69,181 | €60,806 | -€8,375 | -12.1% |
| Amounts payable | 17/49 | €798,068 | €995,690 | +€197,623 | +24.8% |
| Amounts payable within one year | 42/48 | €787,473 | €987,267 | +€199,794 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €20,631 | €0 | -€20,631 | -100.0% |
| Financial debts | 43 | €4,977 | €4,977 | = | 0.0% |
| Other loans | 439 | €4,977 | €4,977 | = | 0.0% |
| Trade debts | 44 | €102,913 | €201,711 | +€98,797 | +96.0% |
| Suppliers | 440/4 | €102,913 | €201,711 | +€98,797 | +96.0% |
| Advances received on contracts in progress | 46 | €25,104 | €25,104 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €414,633 | €427,075 | +€12,442 | +3.0% |
| Taxes | 450/3 | €47,650 | €50,483 | +€2,833 | +5.9% |
| Remuneration and social security | 454/9 | €366,983 | €376,592 | +€9,609 | +2.6% |
| Accrued charges and deferred income | 492/3 | €10,595 | €8,423 | -€2,172 | -20.5% |
| Non-recurring operating income | 76A | €0 | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €2,898,141 | €3,009,583 | +€111,442 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,037 | €29,403 | +€367 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,677 | €0 | -€6,677 | -100.0% |
| Other operating charges | 640/8 | €9,684 | €5,157 | -€4,527 | -46.7% |
| Non-recurring operating charges | 66A | €3,694 | €10,255 | +€6,561 | +177.6% |
| Gross operating margin | 9900 | €2,888,008 | €3,128,903 | +€240,895 | +8.3% |
| Operating profit (loss) | 9901 | -€59,224 | €74,505 | +€133,729 | |
| Financial income | 75/76B | €3,956 | €3,980 | +€24 | +0.6% |
| Recurring financial income | 75 | €3,956 | €3,980 | +€24 | +0.6% |
| Financial charges | 65/66B | €391 | €442 | +€51 | +13.0% |
| Recurring financial charges | 65 | €391 | €442 | +€51 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | -€55,659 | €78,043 | +€133,702 | |
| Income taxes | 67/77 | - | €838 | +€838 | |
| Profit (loss) for the period | 9904 | -€55,659 | €77,205 | +€132,864 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,659 | €77,205 | +€132,864 |
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 2 October 2026 via checked.be.