CESAR PALACE: 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.
CESAR PALACE
Largest movements
- Cash +€71,796
up €71,796 (+1981.1%), from €3,624 to €75,420
mainly Net result for the year (+€49,815) and Tax, wage and social debts (+€19,389)
- Receivables within one year -€18,768
down €18,768 (-7.1%), from €264,773 to €246,006
of which Trade receivables: -€18,768
- Profit (loss) carried forward +€49,815
up €49,815 (+26.3%), from €189,436 to €239,251
- Tax, wage and social debts +€19,389
up €19,389 (+3277.8%), from €592 to €19,980
- Trade debts -€11,398
down €11,398 (-69.0%), from €16,525 to €5,127
- Other debts -€6,559
down €6,559 (-14.8%), from €44,256 to €37,697
- Gross operating margin +€62,706
up €62,706 (+592.8%), from €10,578 to €73,284
- Taxes +€19,389
up €19,389 (+3277.8%), from €592 to €19,980
- Other operating charges -€3,575
down €3,575 (-72.4%), from €4,941 to €1,366
- Depreciation -€2,491
down €2,491 (-58.3%), from €4,273 to €1,782
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 | €270,179 | €321,426 | +€51,246 | +19.0% |
| Fixed assets | 21/28 | €1,782 | - | -€1,782 | |
| Tangible fixed assets | 22/27 | €1,782 | - | -€1,782 | |
| Land and buildings | 22 | €1,782 | - | -€1,782 | |
| Current assets | 29/58 | €268,397 | €321,426 | +€53,029 | +19.8% |
| Amounts receivable within one year | 40/41 | €264,773 | €246,006 | -€18,768 | -7.1% |
| Trade receivables | 40 | €244,773 | €226,006 | -€18,768 | -7.7% |
| Other amounts receivable | 41 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,624 | €75,420 | +€71,796 | +1981.1% |
| Total equity and liabilities | 10/49 | €270,179 | €321,426 | +€51,246 | +19.0% |
| Equity | 10/15 | €208,807 | €258,622 | +€49,815 | +23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €771 | €771 | = | 0.0% |
| Distributable reserves | 133 | €771 | €771 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,436 | €239,251 | +€49,815 | +26.3% |
| Amounts payable | 17/49 | €61,372 | €62,804 | +€1,432 | +2.3% |
| Amounts payable within one year | 42/48 | €61,372 | €62,804 | +€1,432 | +2.3% |
| Trade debts | 44 | €16,525 | €5,127 | -€11,398 | -69.0% |
| Suppliers | 440/4 | €16,525 | €5,127 | -€11,398 | -69.0% |
| Taxes, remuneration and social security | 45 | €592 | €19,980 | +€19,389 | +3277.8% |
| Taxes | 450/3 | €592 | €19,980 | +€19,389 | +3277.8% |
| Other amounts payable | 47/48 | €44,256 | €37,697 | -€6,559 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,273 | €1,782 | -€2,491 | -58.3% |
| Other operating charges | 640/8 | €4,941 | €1,366 | -€3,575 | -72.4% |
| Gross operating margin | 9900 | €10,578 | €73,284 | +€62,706 | +592.8% |
| Operating profit (loss) | 9901 | €1,364 | €70,136 | +€68,772 | +5042.1% |
| Financial income | 75/76B | €0 | €2 | +€2 | +2211.1% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +2211.1% |
| Financial charges | 65/66B | €191 | €343 | +€152 | +79.7% |
| Recurring financial charges | 65 | €191 | €343 | +€152 | +79.7% |
| Profit (loss) for the period before taxes | 9903 | €1,173 | €69,795 | +€68,622 | +5849.4% |
| Income taxes | 67/77 | €592 | €19,980 | +€19,389 | +3277.8% |
| Profit (loss) for the period | 9904 | €582 | €49,815 | +€49,233 | +8464.6% |
| Profit (loss) for the period to be appropriated | 9905 | €582 | €49,815 | +€49,233 | +8464.6% |
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 12 October 2026 via checked.be.