Cassimiro: 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.
Cassimiro
Largest movements
- Tangible fixed assets +€337,504
up €337,504 (+83.2%), from €405,751 to €743,256
- Receivables within one year +€75,358
up €75,358 (+258.0%), from €29,209 to €104,568
of which Trade receivables: +€91,236
- Receivables after one year -€32,500
no longer reported in 2025 (was €32,500)
- Debts after one year +€292,218
up €292,218 (+75.8%), from €385,413 to €677,631
- Other debts +€104,749
new in 2025: €104,749
- Tax, wage and social debts -€29,721
down €29,721 (-79.3%), from €37,455 to €7,735
- Reserves +€13,491
up €13,491 (+74.7%), from €18,053 to €31,544
- Depreciation -€18,299
down €18,299 (-39.9%), from €45,861 to €27,562
- Gross operating margin -€15,988
down €15,988 (-14.4%), from €111,016 to €95,028
- Financial charges +€15,271
up €15,271 (+115.5%), from €13,221 to €28,492
- Taxes -€5,626
down €5,626 (-99.8%), from €5,636 to €10
- Other operating charges -€3,971
down €3,971 (-47.0%), from €8,442 to €4,472
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 | €467,631 | €852,814 | +€385,183 | +82.4% |
| Fixed assets | 21/28 | €405,751 | €743,256 | +€337,504 | +83.2% |
| Tangible fixed assets | 22/27 | €405,751 | €743,256 | +€337,504 | +83.2% |
| Land and buildings | 22 | €405,751 | €743,256 | +€337,504 | +83.2% |
| Current assets | 29/58 | €61,879 | €109,558 | +€47,679 | +77.1% |
| Amounts receivable after more than one year | 29 | €32,500 | - | -€32,500 | |
| Other amounts receivable | 291 | €32,500 | - | -€32,500 | |
| Amounts receivable within one year | 40/41 | €29,209 | €104,568 | +€75,358 | +258.0% |
| Trade receivables | 40 | €5,963 | €97,199 | +€91,236 | +1530.1% |
| Other amounts receivable | 41 | €23,247 | €7,369 | -€15,878 | -68.3% |
| Cash at bank and in hand | 54/58 | €170 | €4,991 | +€4,821 | +2834.8% |
| Total equity and liabilities | 10/49 | €467,631 | €852,814 | +€385,183 | +82.4% |
| Equity | 10/15 | €20,553 | €34,044 | +€13,491 | +65.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €18,053 | €31,544 | +€13,491 | +74.7% |
| Distributable reserves | 133 | €18,053 | €31,544 | +€13,491 | +74.7% |
| Amounts payable | 17/49 | €447,078 | €818,770 | +€371,692 | +83.1% |
| Amounts payable after more than one year | 17 | €385,413 | €677,631 | +€292,218 | +75.8% |
| Financial debts | 170/4 | €385,413 | €677,631 | +€292,218 | +75.8% |
| Amounts payable within one year | 42/48 | €61,665 | €141,139 | +€79,474 | +128.9% |
| Current portion of amounts payable after more than one year | 42 | €21,403 | €24,984 | +€3,581 | +16.7% |
| Trade debts | 44 | €2,807 | €3,672 | +€864 | +30.8% |
| Suppliers | 440/4 | €2,807 | €3,672 | +€864 | +30.8% |
| Taxes, remuneration and social security | 45 | €37,455 | €7,735 | -€29,721 | -79.3% |
| Taxes | 450/3 | €37,455 | €7,735 | -€29,721 | -79.3% |
| Other amounts payable | 47/48 | - | €104,749 | +€104,749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,861 | €27,562 | -€18,299 | -39.9% |
| Other operating charges | 640/8 | €8,442 | €4,472 | -€3,971 | -47.0% |
| Gross operating margin | 9900 | €111,016 | €95,028 | -€15,988 | -14.4% |
| Operating profit (loss) | 9901 | €56,712 | €62,993 | +€6,281 | +11.1% |
| Financial income | 75/76B | €535 | - | -€535 | |
| Recurring financial income | 75 | €535 | - | -€535 | |
| Financial charges | 65/66B | €13,221 | €28,492 | +€15,271 | +115.5% |
| Recurring financial charges | 65 | €13,221 | €28,492 | +€15,271 | +115.5% |
| Profit (loss) for the period before taxes | 9903 | €44,026 | €34,501 | -€9,525 | -21.6% |
| Income taxes | 67/77 | €5,636 | €10 | -€5,626 | -99.8% |
| Profit (loss) for the period | 9904 | €38,391 | €34,491 | -€3,900 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,391 | €34,491 | -€3,900 | -10.2% |
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.