CASANO: 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.
CASANO
Largest movements
- Tangible fixed assets -€106,673
down €106,673 (-7.5%), from €1.4m to €1.3m
of which Land and buildings: -€84,364
- Current investments +€83,143
up €83,143 (+10.3%), from €809,435 to €892,578
- Cash -€29,118
down €29,118 (-12.8%), from €226,684 to €197,566
mainly Current investments (-€83,143) and Debts after one year (-€63,256)
- Receivables within one year +€27,157
up €27,157 (+73.8%), from €36,812 to €63,969
- Debts after one year -€63,256
down €63,256 (-36.5%), from €173,256 to €110,000
- Reserves +€42,950
up €42,950 (+3.9%), from €1.1m to €1.1m
of which Distributable reserves: +€42,950
- Financial income +€23,702
up €23,702 (+114.6%), from €20,690 to €44,393
of which Financial income: +€23,407
- Gross operating margin +€21,732
up €21,732 (+16.4%), from €132,485 to €154,217
- Taxes +€18,745
up €18,745 (+617.6%), from €3,035 to €21,780
- Financial charges -€3,627
down €3,627 (-19.3%), from €18,787 to €15,160
- Depreciation +€1,690
up €1,690 (+1.6%), from €104,983 to €106,673
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 | €2,498,336 | €2,462,845 | -€35,492 | -1.4% |
| Fixed assets | 21/28 | €1,415,406 | €1,308,732 | -€106,673 | -7.5% |
| Tangible fixed assets | 22/27 | €1,415,406 | €1,308,732 | -€106,673 | -7.5% |
| Land and buildings | 22 | €1,275,884 | €1,191,520 | -€84,364 | -6.6% |
| Plant, machinery and equipment | 23 | €9,876 | €7,404 | -€2,472 | -25.0% |
| Furniture and vehicles | 24 | €34,063 | €25,660 | -€8,403 | -24.7% |
| Assets under construction and advance payments | 27 | €95,582 | €84,148 | -€11,434 | -12.0% |
| Current assets | 29/58 | €1,082,931 | €1,154,112 | +€71,182 | +6.6% |
| Amounts receivable within one year | 40/41 | €36,812 | €63,969 | +€27,157 | +73.8% |
| Other amounts receivable | 41 | €36,812 | €63,969 | +€27,157 | +73.8% |
| Current investments | 50/53 | €809,435 | €892,578 | +€83,143 | +10.3% |
| Cash at bank and in hand | 54/58 | €226,684 | €197,566 | -€29,118 | -12.8% |
| Deferred charges and accrued income | 490/1 | €10,000 | - | -€10,000 | |
| Total equity and liabilities | 10/49 | €2,498,336 | €2,462,845 | -€35,492 | -1.4% |
| Equity | 10/15 | €2,041,360 | €2,084,311 | +€42,951 | +2.1% |
| Contributions | 10/11 | €558,734 | €558,734 | = | 0.0% |
| Reserves | 13 | €1,092,527 | €1,135,477 | +€42,950 | +3.9% |
| Tax-exempt reserves | 132 | €18,654 | €18,654 | = | 0.0% |
| Distributable reserves | 133 | €1,073,873 | €1,116,823 | +€42,950 | +4.0% |
| Profit (loss) carried forward | 14 | €390,099 | €390,100 | +€1 | 0.0% |
| Amounts payable | 17/49 | €456,976 | €378,534 | -€78,443 | -17.2% |
| Amounts payable after more than one year | 17 | €173,256 | €110,000 | -€63,256 | -36.5% |
| Financial debts | 170/4 | €173,256 | €110,000 | -€63,256 | -36.5% |
| Amounts payable within one year | 42/48 | €265,682 | €252,997 | -€12,685 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €77,504 | €68,256 | -€9,248 | -11.9% |
| Trade debts | 44 | €2,679 | €3,181 | +€502 | +18.7% |
| Suppliers | 440/4 | €2,679 | €3,181 | +€502 | +18.7% |
| Taxes, remuneration and social security | 45 | €3,705 | €3,551 | -€154 | -4.1% |
| Taxes | 450/3 | €1,205 | €3,551 | +€2,346 | +194.7% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €181,794 | €178,009 | -€3,786 | -2.1% |
| Accrued charges and deferred income | 492/3 | €18,038 | €15,537 | -€2,501 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,983 | €106,673 | +€1,690 | +1.6% |
| Other operating charges | 640/8 | €12,350 | €12,045 | -€305 | -2.5% |
| Gross operating margin | 9900 | €132,485 | €154,217 | +€21,732 | +16.4% |
| Operating profit (loss) | 9901 | €15,152 | €35,499 | +€20,347 | +134.3% |
| Financial income | 75/76B | €20,690 | €44,393 | +€23,702 | +114.6% |
| Recurring financial income | 75 | €20,690 | €44,098 | +€23,407 | +113.1% |
| Non-recurring financial income | 76B | - | €295 | +€295 | |
| Financial charges | 65/66B | €18,787 | €15,160 | -€3,627 | -19.3% |
| Recurring financial charges | 65 | €18,787 | €15,160 | -€3,627 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €17,056 | €64,732 | +€47,676 | +279.5% |
| Income taxes | 67/77 | €3,035 | €21,780 | +€18,745 | +617.6% |
| Profit (loss) for the period | 9904 | €14,021 | €42,951 | +€28,931 | +206.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,021 | €42,951 | +€28,931 | +206.3% |
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 1 October 2026 via checked.be.