CASELLI: 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.
CASELLI
Largest movements
- Cash +€16,883
up €16,883 (+21.1%), from €79,925 to €96,809
mainly Net result for the year (+€27,044) and Depreciation (+€21,297)
- Tangible fixed assets -€11,637
down €11,637 (-12.7%), from €91,491 to €79,854
of which Other tangible fixed assets: -€12,613
- Other debts +€18,000
new in 2025: €18,000
- Trade debts -€13,566
down €13,566 (-16.9%), from €80,429 to €66,863
- Current portion of long-term debt -€10,187
down €10,187 (-100.0%), from €10,187 to €0
- Reserves +€9,044
up €9,044 (+2.1%), from €434,400 to €443,444
of which Distributable reserves: +€9,044
- Gross operating margin +€10,639
up €10,639 (+13.5%), from €78,957 to €89,596
- Taxes +€4,766
up €4,766 (+55.9%), from €8,529 to €13,295
- Depreciation +€3,283
up €3,283 (+18.2%), from €18,015 to €21,297
- Financial income +€3,058
up €3,058 (+34.2%), from €8,940 to €11,997
- Write-downs -€1,362
down €1,362 (-11.8%), from -€11,508 to -€12,870
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 | €603,660 | €611,496 | +€7,836 | +1.3% |
| Fixed assets | 21/28 | €91,541 | €79,904 | -€11,637 | -12.7% |
| Tangible fixed assets | 22/27 | €91,491 | €79,854 | -€11,637 | -12.7% |
| Furniture and vehicles | 24 | - | €976 | +€976 | |
| Other tangible fixed assets | 26 | €91,491 | €78,878 | -€12,613 | -13.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €512,119 | €531,592 | +€19,473 | +3.8% |
| Stocks and contracts in progress | 3 | €266,473 | €267,267 | +€794 | +0.3% |
| Stocks | 30/36 | €266,473 | €267,267 | +€794 | +0.3% |
| Amounts receivable within one year | 40/41 | €165,310 | €167,107 | +€1,796 | +1.1% |
| Trade receivables | 40 | €337 | €0 | -€337 | -100.0% |
| Other amounts receivable | 41 | €164,973 | €167,107 | +€2,133 | +1.3% |
| Current investments | 50/53 | €410 | €410 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €79,925 | €96,809 | +€16,883 | +21.1% |
| Total equity and liabilities | 10/49 | €603,660 | €611,496 | +€7,836 | +1.3% |
| Equity | 10/15 | €483,979 | €493,023 | +€9,044 | +1.9% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €434,400 | €443,444 | +€9,044 | +2.1% |
| Tax-exempt reserves | 132 | €5,465 | €5,465 | = | 0.0% |
| Distributable reserves | 133 | €428,936 | €437,980 | +€9,044 | +2.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €119,681 | €118,472 | -€1,208 | -1.0% |
| Amounts payable within one year | 42/48 | €119,681 | €118,472 | -€1,208 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €10,187 | €0 | -€10,187 | -100.0% |
| Trade debts | 44 | €80,429 | €66,863 | -€13,566 | -16.9% |
| Suppliers | 440/4 | €80,429 | €66,863 | -€13,566 | -16.9% |
| Taxes, remuneration and social security | 45 | €29,065 | €33,609 | +€4,544 | +15.6% |
| Taxes | 450/3 | €17,589 | €21,763 | +€4,174 | +23.7% |
| Remuneration and social security | 454/9 | €11,475 | €11,846 | +€370 | +3.2% |
| Other amounts payable | 47/48 | - | €18,000 | +€18,000 | |
| Non-recurring operating income | 76A | - | €4,184 | +€4,184 | |
| Remuneration, social security and pensions | 62 | €48,569 | €49,696 | +€1,126 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,015 | €21,297 | +€3,283 | +18.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,508 | -€12,870 | -€1,362 | -11.8% |
| Other operating charges | 640/8 | €2,536 | €2,163 | -€373 | -14.7% |
| Gross operating margin | 9900 | €78,957 | €89,596 | +€10,639 | +13.5% |
| Operating profit (loss) | 9901 | €21,344 | €29,309 | +€7,965 | +37.3% |
| Financial income | 75/76B | €8,940 | €11,997 | +€3,058 | +34.2% |
| Recurring financial income | 75 | €8,940 | €11,997 | +€3,058 | +34.2% |
| Financial charges | 65/66B | €1,039 | €967 | -€72 | -6.9% |
| Recurring financial charges | 65 | €1,039 | €967 | -€72 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €29,245 | €40,339 | +€11,094 | +37.9% |
| Income taxes | 67/77 | €8,529 | €13,295 | +€4,766 | +55.9% |
| Profit (loss) for the period | 9904 | €20,716 | €27,044 | +€6,328 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,716 | €27,044 | +€6,328 | +30.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.