CASACLOSE: 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.
CASACLOSE
Largest movements
- Receivables within one year -€52,882
down €52,882 (-68.0%), from €77,800 to €24,918
of which Trade receivables: -€62,794
- Current investments +€50,022
up €50,022 (+8930.1%), from €560 to €50,582
- Cash +€15,519
up €15,519 (+48.2%), from €32,193 to €47,712
mainly Receivables within one year (+€52,882) and Net result for the year (+€39,639)
- Tangible fixed assets -€2,036
down €2,036 (-29.5%), from €6,902 to €4,866
of which Plant, machinery and equipment: -€1,172
- Other debts +€12,446
new in 2025: €12,446
- Reserves -€12,155
down €12,155 (-15.7%), from €77,398 to €65,243
- Trade debts +€5,588
up €5,588 (+64.6%), from €8,654 to €14,241
- Tax, wage and social debts +€4,779
up €4,779 (+34.3%), from €13,915 to €18,694
of which Taxes: +€5,657
- Gross operating margin +€51,597
up €51,597 (+661.4%), from €7,801 to €59,398
- Taxes +€14,221
up €14,221 (+926.7%), from €1,535 to €15,755
- Depreciation -€1,417
down €1,417 (-41.0%), from €3,453 to €2,036
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 | €118,934 | €129,690 | +€10,756 | +9.0% |
| Fixed assets | 21/28 | €6,902 | €4,926 | -€1,976 | -28.6% |
| Tangible fixed assets | 22/27 | €6,902 | €4,866 | -€2,036 | -29.5% |
| Plant, machinery and equipment | 23 | €3,699 | €2,527 | -€1,172 | -31.7% |
| Furniture and vehicles | 24 | €3,203 | €2,339 | -€864 | -27.0% |
| Financial fixed assets | 28 | - | €60 | +€60 | |
| Current assets | 29/58 | €112,032 | €124,765 | +€12,732 | +11.4% |
| Amounts receivable within one year | 40/41 | €77,800 | €24,918 | -€52,882 | -68.0% |
| Trade receivables | 40 | €64,596 | €1,802 | -€62,794 | -97.2% |
| Other amounts receivable | 41 | €13,204 | €23,116 | +€9,912 | +75.1% |
| Current investments | 50/53 | €560 | €50,582 | +€50,022 | +8930.1% |
| Cash at bank and in hand | 54/58 | €32,193 | €47,712 | +€15,519 | +48.2% |
| Deferred charges and accrued income | 490/1 | €1,479 | €1,553 | +€74 | +5.0% |
| Total equity and liabilities | 10/49 | €118,934 | €129,690 | +€10,756 | +9.0% |
| Equity | 10/15 | €95,990 | €83,835 | -€12,155 | -12.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €77,398 | €65,243 | -€12,155 | -15.7% |
| Distributable reserves | 133 | €77,398 | €65,243 | -€12,155 | -15.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,945 | €45,855 | +€22,911 | +99.9% |
| Amounts payable within one year | 42/48 | €22,945 | €45,855 | +€22,911 | +99.9% |
| Financial debts | 43 | €376 | €474 | +€98 | +26.1% |
| Other loans | 439 | €376 | €474 | +€98 | +26.1% |
| Trade debts | 44 | €8,654 | €14,241 | +€5,588 | +64.6% |
| Suppliers | 440/4 | €8,654 | €14,241 | +€5,588 | +64.6% |
| Taxes, remuneration and social security | 45 | €13,915 | €18,694 | +€4,779 | +34.3% |
| Taxes | 450/3 | €9,760 | €15,417 | +€5,657 | +58.0% |
| Remuneration and social security | 454/9 | €4,155 | €3,278 | -€878 | -21.1% |
| Other amounts payable | 47/48 | - | €12,446 | +€12,446 | |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,453 | €2,036 | -€1,417 | -41.0% |
| Other operating charges | 640/8 | €1,139 | €1,053 | -€87 | -7.6% |
| Gross operating margin | 9900 | €7,801 | €59,398 | +€51,597 | +661.4% |
| Operating profit (loss) | 9901 | €3,208 | €56,309 | +€53,101 | +1655.4% |
| Financial income | 75/76B | €242 | €45 | -€196 | -81.2% |
| Recurring financial income | 75 | €242 | €45 | -€196 | -81.2% |
| Financial charges | 65/66B | €367 | €960 | +€593 | +161.5% |
| Recurring financial charges | 65 | €367 | €960 | +€593 | +161.5% |
| Profit (loss) for the period before taxes | 9903 | €3,083 | €55,394 | +€52,312 | +1697.0% |
| Income taxes | 67/77 | €1,535 | €15,755 | +€14,221 | +926.7% |
| Profit (loss) for the period | 9904 | €1,548 | €39,639 | +€38,091 | +2460.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,548 | €39,639 | +€38,091 | +2460.5% |
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 7 October 2026 via checked.be.