CASALI: 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.
CASALI
Largest movements
- Tangible fixed assets -€1.1m
down €1.1m (-26.1%), from €4.4m to €3.2m
of which Land and buildings: -€1.1m
- Cash +€264,505
up €264,505 (+85.6%), from €308,883 to €573,388
mainly Net result for the year (+€2.1m) and Investment in fixed assets (net) (+€985,586)
- Other debts -€3.5m
down €3.5m (-55.4%), from €6.3m to €2.8m
- Reserves +€2.1m
up €2.1m (+610.1%), from €342,110 to €2.4m
of which Tax-exempt reserves: +€2.1m
- Provisions +€695,758
up €695,758 (+686.5%), from €101,343 to €797,101
- Trade debts -€80,321
down €80,321 (-58.5%), from €137,343 to €57,022
- Gross operating margin +€2.8m
up €2.8m (+1276.8%), from €216,432 to €3.0m
- Depreciation -€74,196
down €74,196 (-32.8%), from €226,533 to €152,337
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 | €7,694,020 | €6,866,609 | -€827,411 | -10.8% |
| Fixed assets | 21/28 | €4,853,650 | €3,715,727 | -€1.1m | -23.4% |
| Tangible fixed assets | 22/27 | €4,353,650 | €3,215,727 | -€1.1m | -26.1% |
| Land and buildings | 22 | €4,339,507 | €3,197,344 | -€1.1m | -26.3% |
| Plant, machinery and equipment | 23 | - | €15,417 | +€15,417 | |
| Furniture and vehicles | 24 | €8,126 | €1,785 | -€6,341 | -78.0% |
| Other tangible fixed assets | 26 | €6,017 | €1,180 | -€4,836 | -80.4% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €2,840,370 | €3,150,882 | +€310,512 | +10.9% |
| Stocks and contracts in progress | 3 | €129,552 | €129,552 | = | 0.0% |
| Stocks | 30/36 | €129,552 | €129,552 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,363,441 | €2,394,079 | +€30,639 | +1.3% |
| Trade receivables | 40 | €50,462 | €25,366 | -€25,095 | -49.7% |
| Other amounts receivable | 41 | €2,312,979 | €2,368,713 | +€55,734 | +2.4% |
| Cash at bank and in hand | 54/58 | €308,883 | €573,388 | +€264,505 | +85.6% |
| Deferred charges and accrued income | 490/1 | €38,494 | €53,863 | +€15,368 | +39.9% |
| Total equity and liabilities | 10/49 | €7,694,020 | €6,866,609 | -€827,411 | -10.8% |
| Equity | 10/15 | €1,067,908 | €3,166,326 | +€2.1m | +196.5% |
| Contributions | 10/11 | €77,961 | €77,961 | = | 0.0% |
| Reserves | 13 | €342,110 | €2,429,384 | +€2.1m | +610.1% |
| Non-distributable reserves | 130/1 | €36,666 | €36,666 | = | 0.0% |
| Reserves not available under the articles | 1311 | €36,666 | €36,666 | = | 0.0% |
| Tax-exempt reserves | 132 | €304,028 | €2,391,302 | +€2.1m | +686.5% |
| Distributable reserves | 133 | €1,416 | €1,416 | = | 0.0% |
| Profit (loss) carried forward | 14 | €647,837 | €658,981 | +€11,144 | +1.7% |
| Provisions and deferred taxes | 16 | €101,343 | €797,101 | +€695,758 | +686.5% |
| Deferred taxes | 168 | €101,343 | €797,101 | +€695,758 | +686.5% |
| Amounts payable | 17/49 | €6,524,770 | €2,903,182 | -€3.6m | -55.5% |
| Amounts payable within one year | 42/48 | €6,477,089 | €2,886,597 | -€3.6m | -55.4% |
| Trade debts | 44 | €137,343 | €57,022 | -€80,321 | -58.5% |
| Suppliers | 440/4 | €137,343 | €57,022 | -€80,321 | -58.5% |
| Taxes, remuneration and social security | 45 | €8,523 | €2,724 | -€5,799 | -68.0% |
| Taxes | 450/3 | €8,523 | €2,724 | -€5,799 | -68.0% |
| Other amounts payable | 47/48 | €6,331,223 | €2,826,851 | -€3.5m | -55.4% |
| Accrued charges and deferred income | 492/3 | €47,681 | €16,585 | -€31,096 | -65.2% |
| Remuneration, social security and pensions | 62 | €660 | - | -€660 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,533 | €152,337 | -€74,196 | -32.8% |
| Other operating charges | 640/8 | €34,734 | €34,516 | -€217 | -0.6% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €216,432 | €2,979,875 | +€2.8m | +1276.8% |
| Operating profit (loss) | 9901 | -€45,494 | €2,793,021 | +€2.8m | |
| Financial income | 75/76B | €53 | €24 | -€29 | -55.1% |
| Recurring financial income | 75 | €53 | €24 | -€29 | -55.1% |
| Financial charges | 65/66B | €1,819 | €1,618 | -€201 | -11.1% |
| Recurring financial charges | 65 | €1,819 | €1,618 | -€201 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€47,260 | €2,791,427 | +€2.8m | |
| Transfer from deferred taxes | 780 | €2,123 | €2,123 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €697,881 | +€697,881 | |
| Income taxes | 67/77 | -€58 | -€2,749 | -€2,691 | -4612.3% |
| Profit (loss) for the period | 9904 | -€45,080 | €2,098,418 | +€2.1m | |
| Transfer from tax-exempt reserves | 789 | €6,368 | €6,368 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €2,093,642 | +€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,712 | €11,144 | +€49,856 |
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 8 October 2026 via checked.be.