CASAGRES: 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.
CASAGRES
Largest movements
- Current investments -€4.4m
down €4.4m (-55.9%), from €7.9m to €3.5m
- Receivables within one year +€3.4m
up €3.4m (+101.4%), from €3.3m to €6.7m
of which Other amounts receivable: +€3.4m
- Cash +€1.1m
up €1.1m (+52.6%), from €2.0m to €3.1m
mainly Current investments (+€4.4m) and Depreciation (+€135,985)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€170,527
up €170,527 (+16406.3%), from €1,039 to €171,566
of which Financial charges: +€140,437
- Financial income +€77,885
up €77,885 (+22.0%), from €353,662 to €431,548
of which Non-recurring financial income: +€313,947
- Depreciation +€9,261
up €9,261 (+7.3%), from €126,724 to €135,985
- Gross operating margin -€8,548
down €8,548 (-90.9%), from €9,406 to €858
- Taxes +€8,034
up €8,034 (+22.3%), from €36,006 to €44,040
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 | €17,972,510 | €18,071,060 | +€98,550 | +0.5% |
| Fixed assets | 21/28 | €4,698,434 | €4,760,671 | +€62,237 | +1.3% |
| Tangible fixed assets | 22/27 | €4,685,088 | €4,747,325 | +€62,237 | +1.3% |
| Land and buildings | 22 | €4,610,189 | €4,704,414 | +€94,224 | +2.0% |
| Plant, machinery and equipment | 23 | €37,258 | €23,701 | -€13,557 | -36.4% |
| Furniture and vehicles | 24 | €37,641 | €19,211 | -€18,431 | -49.0% |
| Financial fixed assets | 28 | €13,346 | €13,346 | = | 0.0% |
| Current assets | 29/58 | €13,274,076 | €13,310,389 | +€36,313 | +0.3% |
| Amounts receivable within one year | 40/41 | €3,329,064 | €6,705,964 | +€3.4m | +101.4% |
| Trade receivables | 40 | €6,015 | €575 | -€5,440 | -90.4% |
| Other amounts receivable | 41 | €3,323,049 | €6,705,390 | +€3.4m | +101.8% |
| Current investments | 50/53 | €7,900,000 | €3,482,201 | -€4.4m | -55.9% |
| Cash at bank and in hand | 54/58 | €2,044,899 | €3,119,781 | +€1.1m | +52.6% |
| Deferred charges and accrued income | 490/1 | €114 | €2,443 | +€2,329 | +2043.9% |
| Total equity and liabilities | 10/49 | €17,972,510 | €18,071,060 | +€98,550 | +0.5% |
| Equity | 10/15 | €17,969,249 | €18,038,939 | +€69,690 | +0.4% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €4,690,500 | €4,755,500 | +€65,000 | +1.4% |
| Distributable reserves | 133 | €4,690,500 | €4,755,500 | +€65,000 | +1.4% |
| Profit (loss) carried forward | 14 | €13,264,489 | €13,269,179 | +€4,690 | 0.0% |
| Amounts payable | 17/49 | €3,261 | €32,120 | +€28,859 | +884.9% |
| Amounts payable within one year | 42/48 | €2,355 | €28,031 | +€25,675 | +1090.1% |
| Trade debts | 44 | €2,355 | €3,569 | +€1,213 | +51.5% |
| Suppliers | 440/4 | €2,355 | €3,569 | +€1,213 | +51.5% |
| Taxes, remuneration and social security | 45 | - | €24,462 | +€24,462 | |
| Taxes | 450/3 | - | €24,462 | +€24,462 | |
| Accrued charges and deferred income | 492/3 | €906 | €4,090 | +€3,184 | +351.5% |
| Non-recurring operating income | 76A | €782 | - | -€782 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,724 | €135,985 | +€9,261 | +7.3% |
| Other operating charges | 640/8 | €10,404 | €11,124 | +€720 | +6.9% |
| Non-recurring operating charges | 66A | €284 | - | -€284 | |
| Gross operating margin | 9900 | €9,406 | €858 | -€8,548 | -90.9% |
| Operating profit (loss) | 9901 | -€128,006 | -€146,251 | -€18,245 | -14.3% |
| Financial income | 75/76B | €353,662 | €431,548 | +€77,885 | +22.0% |
| Recurring financial income | 75 | €353,662 | €117,601 | -€236,062 | -66.7% |
| Non-recurring financial income | 76B | - | €313,947 | +€313,947 | |
| Financial charges | 65/66B | €1,039 | €171,566 | +€170,527 | +16406.3% |
| Recurring financial charges | 65 | €1,039 | €141,477 | +€140,437 | +13511.4% |
| Non-recurring financial charges | 66B | - | €30,090 | +€30,090 | |
| Profit (loss) for the period before taxes | 9903 | €224,617 | €113,730 | -€110,887 | -49.4% |
| Income taxes | 67/77 | €36,006 | €44,040 | +€8,034 | +22.3% |
| Profit (loss) for the period | 9904 | €188,611 | €69,690 | -€118,920 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €188,611 | €69,690 | -€118,920 | -63.1% |
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 12 October 2026 via checked.be.