CASEMBROOT: 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.
What changed
CASEMBROOT
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€31,398
2024 · -€17,911+€49,310
Equity
€2.2m
2024 · €2.2m+€31,398
Cash
€77,373
2024 · €8,692+€68,681
Balance sheet total
€3.1m
2024 · €3.2m-€15,523
Largest movements
Assets
- Tangible fixed assets -€93,156
down €93,156 (-3.0%), from €3.1m to €3.0m
- Cash +€68,681
up €68,681 (+790%), from €8,692 to €77,373
mainly Depreciation (+€99,197) and Net result for the year (+€31,398)
Equity and liabilities
- Profit (loss) carried forward +€49,709
up €49,709, from -€49,709 to €0
- Other debts -€39,621
down €39,621 (-7.1%), from €561,033 to €521,412
Income statement
- Gross operating margin +€82,630
up €82,630 (+104%), from €79,238 to €161,868
- Financial charges +€17,167
up €17,167 (+337%), from €5,087 to €22,254
- Other operating charges +€10,152
up €10,152 (+90.2%), from €11,256 to €21,408
- Depreciation +€4,846
up €4,846 (+5.1%), from €94,351 to €99,197
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.
Result 2024
-€17,911
Gross operating margin
+€82,630
Depreciation
-€4,846
Other operating charges
-€10,152
Financial income
+€309
Financial charges
-€17,167
Taxes
-€1,465
Result 2025
€31,398
raises the resultlowers the result
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.
From operations
+€93,853
Investment
-€6,041
Financing
-€19,132
Cash 2024
€8,692
From operations (derived)
+€93,853
Net result for the year
+€31,398
Depreciation
+€99,197
Receivables within one year
-€9,326
Deferred charges and accrued income
+€375
Provisions
-€12,027
Trade debts
+€7,282
Tax, wage and social debts
+€1,907
Advances received
+€996
Other debts
-€39,621
Accrued charges and deferred income
+€13,673
Investment (derived)
-€6,041
Investment in fixed assets (net)
-€6,041
Financing
-€19,132
Debts after one year
-€19,438
Current portion of long-term debt
+€306
Cash 2025
€77,373
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,162,677 | €3,147,154 | -€15,523 | -0.5% |
| Fixed assets | 21/28 | €3,092,883 | €2,999,726 | -€93,156 | -3.0% |
| Tangible fixed assets | 22/27 | €3,092,883 | €2,999,726 | -€93,156 | -3.0% |
| Land and buildings | 22 | €3,092,883 | €2,999,726 | -€93,156 | -3.0% |
| Current assets | 29/58 | €69,795 | €147,428 | +€77,633 | +111% |
| Amounts receivable within one year | 40/41 | €57,186 | €66,512 | +€9,326 | +16.3% |
| Trade receivables | 40 | €525 | €4,942 | +€4,417 | +842% |
| Other amounts receivable | 41 | €56,661 | €61,571 | +€4,909 | +8.7% |
| Cash at bank and in hand | 54/58 | €8,692 | €77,373 | +€68,681 | +790% |
| Deferred charges and accrued income | 490/1 | €3,917 | €3,542 | -€375 | -9.6% |
| Total equity and liabilities | 10/49 | €3,162,677 | €3,147,154 | -€15,523 | -0.5% |
| Equity | 10/15 | €2,152,432 | €2,183,830 | +€31,398 | +1.5% |
| Contributions | 10/11 | €1,184,000 | €1,184,000 | = | 0.0% |
| Reserves | 13 | €1,018,141 | €999,830 | -€18,311 | -1.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,002,309 | €966,229 | -€36,080 | -3.6% |
| Distributable reserves | 133 | €15,832 | €33,601 | +€17,769 | +112% |
| Profit (loss) carried forward | 14 | -€49,709 | €0 | +€49,709 | |
| Provisions and deferred taxes | 16 | €332,095 | €320,068 | -€12,027 | -3.6% |
| Deferred taxes | 168 | €332,095 | €320,068 | -€12,027 | -3.6% |
| Amounts payable | 17/49 | €678,151 | €643,256 | -€34,895 | -5.1% |
| Amounts payable after more than one year | 17 | €79,637 | €60,199 | -€19,438 | -24.4% |
| Financial debts | 170/4 | €79,637 | €60,199 | -€19,438 | -24.4% |
| Amounts payable within one year | 42/48 | €591,868 | €562,737 | -€29,130 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €19,132 | €19,438 | +€306 | +1.6% |
| Trade debts | 44 | €10,146 | €17,428 | +€7,282 | +71.8% |
| Suppliers | 440/4 | €10,146 | €17,428 | +€7,282 | +71.8% |
| Advances received on contracts in progress | 46 | €114 | €1,110 | +€996 | +875% |
| Taxes, remuneration and social security | 45 | €1,443 | €3,350 | +€1,907 | +132% |
| Taxes | 450/3 | €1,443 | €3,350 | +€1,907 | +132% |
| Other amounts payable | 47/48 | €561,033 | €521,412 | -€39,621 | -7.1% |
| Accrued charges and deferred income | 492/3 | €6,646 | €20,319 | +€13,673 | +206% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,351 | €99,197 | +€4,846 | +5.1% |
| Other operating charges | 640/8 | €11,256 | €21,408 | +€10,152 | +90.2% |
| Gross operating margin | 9900 | €79,238 | €161,868 | +€82,630 | +104% |
| Operating profit (loss) | 9901 | -€26,369 | €41,263 | +€67,632 | |
| Financial income | 75/76B | €2,146 | €2,455 | +€309 | +14.4% |
| Recurring financial income | 75 | €2,146 | €2,455 | +€309 | +14.4% |
| Financial charges | 65/66B | €5,087 | €22,254 | +€17,167 | +337% |
| Recurring financial charges | 65 | €5,087 | €22,254 | +€17,167 | +337% |
| Profit (loss) for the period before taxes | 9903 | -€29,310 | €21,464 | +€50,775 | |
| Transfer from deferred taxes | 780 | €12,027 | €12,027 | = | 0.0% |
| Income taxes | 67/77 | €628 | €2,093 | +€1,465 | +233% |
| Profit (loss) for the period | 9904 | -€17,911 | €31,398 | +€49,310 | |
| Transfer from tax-exempt reserves | 789 | €36,080 | €36,080 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,168 | €67,478 | +€49,310 | +271% |
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 25 October 2026 via checked.be.