Casafra: 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.
Casafra
Largest movements
- Cash -€109,927
down €109,927 (-31.7%), from €347,186 to €237,258
mainly Contributions, distributions and other (-€169,628) and Investment in fixed assets (net) (-€6,580)
- Receivables within one year +€6,376
up €6,376 (+269.2%), from €2,369 to €8,745
of which Trade receivables: +€4,219
- Reserves -€129,678
down €129,678 (-36.8%), from €352,297 to €222,619
- Other debts +€25,105
up €25,105 (+687.5%), from €3,652 to €28,757
- Gross operating margin -€54,244
down €54,244 (-46.7%), from €116,218 to €61,974
- Taxes -€12,652
down €12,652 (-44.2%), from €28,656 to €16,004
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 | €365,673 | €264,569 | -€101,104 | -27.6% |
| Fixed assets | 21/28 | €14,669 | €17,885 | +€3,216 | +21.9% |
| Tangible fixed assets | 22/27 | €14,669 | €17,885 | +€3,216 | +21.9% |
| Plant, machinery and equipment | 23 | €776 | €1,254 | +€479 | +61.7% |
| Furniture and vehicles | 24 | €2,629 | €4,310 | +€1,680 | +63.9% |
| Other tangible fixed assets | 26 | €11,264 | €12,321 | +€1,057 | +9.4% |
| Current assets | 29/58 | €351,004 | €246,684 | -€104,320 | -29.7% |
| Amounts receivable within one year | 40/41 | €2,369 | €8,745 | +€6,376 | +269.2% |
| Trade receivables | 40 | - | €4,219 | +€4,219 | |
| Other amounts receivable | 41 | €2,369 | €4,526 | +€2,157 | +91.1% |
| Cash at bank and in hand | 54/58 | €347,186 | €237,258 | -€109,927 | -31.7% |
| Deferred charges and accrued income | 490/1 | €1,449 | €681 | -€769 | -53.0% |
| Total equity and liabilities | 10/49 | €365,673 | €264,569 | -€101,104 | -27.6% |
| Equity | 10/15 | €357,297 | €227,619 | -€129,678 | -36.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €352,297 | €222,619 | -€129,678 | -36.8% |
| Distributable reserves | 133 | €352,297 | €222,619 | -€129,678 | -36.8% |
| Amounts payable | 17/49 | €8,376 | €36,950 | +€28,575 | +341.2% |
| Amounts payable within one year | 42/48 | €8,376 | €36,950 | +€28,575 | +341.2% |
| Trade debts | 44 | €4,724 | €6,712 | +€1,988 | +42.1% |
| Suppliers | 440/4 | €4,724 | €6,712 | +€1,988 | +42.1% |
| Taxes, remuneration and social security | 45 | - | €1,481 | +€1,481 | |
| Taxes | 450/3 | - | €1,481 | +€1,481 | |
| Other amounts payable | 47/48 | €3,652 | €28,757 | +€25,105 | +687.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,908 | €3,364 | +€456 | +15.7% |
| Other operating charges | 640/8 | €490 | €590 | +€100 | +20.4% |
| Non-recurring operating charges | 66A | €586 | - | -€586 | |
| Gross operating margin | 9900 | €116,218 | €61,974 | -€54,244 | -46.7% |
| Operating profit (loss) | 9901 | €112,234 | €58,020 | -€54,214 | -48.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,699 | €2,067 | -€633 | -23.4% |
| Recurring financial charges | 65 | €2,699 | €2,067 | -€633 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €109,535 | €55,953 | -€53,582 | -48.9% |
| Income taxes | 67/77 | €28,656 | €16,004 | -€12,652 | -44.2% |
| Profit (loss) for the period | 9904 | €80,879 | €39,949 | -€40,930 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,879 | €39,949 | -€40,930 | -50.6% |
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.