Casarel: 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.
Casarel
Largest movements
- Tangible fixed assets -€42,406
down €42,406 (-5.5%), from €773,167 to €730,761
of which Land and buildings: -€29,592
- Cash -€40,869
down €40,869 (-69.2%), from €59,070 to €18,201
mainly Other debts (-€120,000) and Trade debts (-€32,749)
- Deferred charges and accrued income +€20,823
up €20,823 (+2,731%), from €762 to €21,585
- Receivables within one year -€11,386
down €11,386 (-38.9%), from €29,287 to €17,902
of which Trade receivables: -€12,363
- Other debts -€120,000
down €120,000 (-100.0%), from €120,014 to €14
- Profit (loss) carried forward +€55,103
up €55,103 (+81.1%), from -€67,943 to -€12,839
- Trade debts -€32,749
down €32,749 (-98.5%), from €33,249 to €500
- Debts after one year +€15,338
up €15,338 (+2.6%), from €592,113 to €607,452
- Other operating charges -€89,164
down €89,164 (-90.4%), from €98,610 to €9,446
- Financial charges -€15,517
down €15,517 (-40.0%), from €38,813 to €23,296
- Staff costs -€14,874
down €14,874 (-100%), from €14,874 to €0
- Depreciation -€13,191
down €13,191 (-23.7%), from €55,597 to €42,406
- Gross operating margin -€8,378
down €8,378 (-6.0%), from €138,597 to €130,218
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.
Derived cash bridge
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 | €867,369 | €788,530 | -€78,839 | -9.1% |
| Fixed assets | 21/28 | €773,249 | €730,843 | -€42,406 | -5.5% |
| Tangible fixed assets | 22/27 | €773,167 | €730,761 | -€42,406 | -5.5% |
| Land and buildings | 22 | €673,113 | €643,520 | -€29,592 | -4.4% |
| Plant, machinery and equipment | 23 | €97,061 | €86,261 | -€10,800 | -11.1% |
| Furniture and vehicles | 24 | €1,774 | €980 | -€795 | -44.8% |
| Other tangible fixed assets | 26 | €1,219 | €0 | -€1,219 | -100% |
| Financial fixed assets | 28 | €81 | €81 | = | 0.0% |
| Current assets | 29/58 | €94,120 | €57,687 | -€36,433 | -38.7% |
| Amounts receivable after more than one year | 29 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts receivable | 291 | €5,000 | €0 | -€5,000 | -100% |
| Amounts receivable within one year | 40/41 | €29,287 | €17,902 | -€11,386 | -38.9% |
| Trade receivables | 40 | €29,033 | €16,670 | -€12,363 | -42.6% |
| Other amounts receivable | 41 | €255 | €1,232 | +€977 | +383% |
| Cash at bank and in hand | 54/58 | €59,070 | €18,201 | -€40,869 | -69.2% |
| Deferred charges and accrued income | 490/1 | €762 | €21,585 | +€20,823 | +2,731% |
| Total equity and liabilities | 10/49 | €867,369 | €788,530 | -€78,839 | -9.1% |
| Equity | 10/15 | €67,312 | €122,415 | +€55,103 | +81.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,655 | €116,655 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €116,655 | €116,655 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,943 | -€12,839 | +€55,103 | +81.1% |
| Amounts payable | 17/49 | €800,056 | €666,114 | -€133,942 | -16.7% |
| Amounts payable after more than one year | 17 | €592,113 | €607,452 | +€15,338 | +2.6% |
| Financial debts | 170/4 | €592,113 | €607,452 | +€15,338 | +2.6% |
| Amounts payable within one year | 42/48 | €207,943 | €56,488 | -€151,456 | -72.8% |
| Current portion of amounts payable after more than one year | 42 | €54,605 | €55,662 | +€1,057 | +1.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €33,249 | €500 | -€32,749 | -98.5% |
| Suppliers | 440/4 | €33,249 | €500 | -€32,749 | -98.5% |
| Taxes, remuneration and social security | 45 | €76 | €312 | +€237 | +313% |
| Taxes | 450/3 | €76 | €312 | +€237 | +313% |
| Other amounts payable | 47/48 | €120,014 | €14 | -€120,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €2,175 | +€2,175 | |
| Remuneration, social security and pensions | 62 | €14,874 | €0 | -€14,874 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,597 | €42,406 | -€13,191 | -23.7% |
| Other operating charges | 640/8 | €98,610 | €9,446 | -€89,164 | -90.4% |
| Gross operating margin | 9900 | €138,597 | €130,218 | -€8,378 | -6.0% |
| Operating profit (loss) | 9901 | -€30,484 | €78,366 | +€108,850 | |
| Financial income | 75/76B | €0 | €648 | +€648 | |
| Recurring financial income | 75 | €0 | €648 | +€648 | |
| Financial charges | 65/66B | €38,813 | €23,296 | -€15,517 | -40.0% |
| Recurring financial charges | 65 | €38,813 | €23,296 | -€15,517 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | -€69,297 | €55,718 | +€125,015 | |
| Income taxes | 67/77 | -€1,355 | €615 | +€1,969 | |
| Profit (loss) for the period | 9904 | -€67,943 | €55,103 | +€123,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,943 | €55,103 | +€123,046 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.