IMMO CASA PROJECTS: 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.
IMMO CASA PROJECTS
Largest movements
- Stocks and contracts +€1.7m
up €1.7m (+49.3%), from €3.5m to €5.2m
- Cash -€127,045
down €127,045 (-99.4%), from €127,839 to €794
mainly Stocks and contracts (-€1.7m) and Tax, wage and social debts (-€109,921)
- Receivables within one year -€98,556
down €98,556 (-13.6%), from €726,327 to €627,771
of which Trade receivables: -€242,847
- Debts after one year +€1.0m
up €1.0m (+40.2%), from €2.5m to €3.6m
- Other debts +€337,452
up €337,452 (+42.0%), from €803,661 to €1.1m
- Short-term financial debts +€122,509
new in 2025: €122,509
- Tax, wage and social debts -€109,921
down €109,921 (-87.5%), from €125,599 to €15,677
of which Taxes: -€114,724
- Gross operating margin +€64,536
up €64,536 (+36.6%), from €176,275 to €240,811
- Other operating charges -€44,737
down €44,737 (-99.5%), from €44,968 to €231
- Staff costs +€25,168
up €25,168 (+57.0%), from €44,150 to €69,319
- Financial charges +€4,347
up €4,347 (+3.9%), from €110,246 to €114,592
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 | €4,362,880 | €5,826,536 | +€1.5m | +33.5% |
| Fixed assets | 21/28 | €45,809 | €27,101 | -€18,708 | -40.8% |
| Tangible fixed assets | 22/27 | €45,524 | €26,816 | -€18,708 | -41.1% |
| Plant, machinery and equipment | 23 | €2,472 | €1,672 | -€800 | -32.4% |
| Furniture and vehicles | 24 | €43,051 | €25,144 | -€17,908 | -41.6% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €4,317,071 | €5,799,435 | +€1.5m | +34.3% |
| Stocks and contracts in progress | 3 | €3,462,906 | €5,170,871 | +€1.7m | +49.3% |
| Stocks | 30/36 | €3,462,906 | €5,170,871 | +€1.7m | +49.3% |
| Amounts receivable within one year | 40/41 | €726,327 | €627,771 | -€98,556 | -13.6% |
| Trade receivables | 40 | €723,428 | €480,580 | -€242,847 | -33.6% |
| Other amounts receivable | 41 | €2,899 | €147,191 | +€144,291 | +4,977% |
| Cash at bank and in hand | 54/58 | €127,839 | €794 | -€127,045 | -99.4% |
| Total equity and liabilities | 10/49 | €4,362,880 | €5,826,536 | +€1.5m | +33.5% |
| Equity | 10/15 | €61,376 | €99,337 | +€37,961 | +61.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,916 | €78,877 | +€37,961 | +92.8% |
| Amounts payable | 17/49 | €4,301,503 | €5,727,199 | +€1.4m | +33.1% |
| Amounts payable after more than one year | 17 | €2,549,191 | €3,574,157 | +€1.0m | +40.2% |
| Financial debts | 170/4 | €2,549,191 | €3,574,157 | +€1.0m | +40.2% |
| Amounts payable within one year | 42/48 | €1,752,312 | €2,153,042 | +€400,729 | +22.9% |
| Financial debts | 43 | - | €122,509 | +€122,509 | |
| Credit institutions | 430/8 | - | €122,509 | +€122,509 | |
| Trade debts | 44 | €823,053 | €873,742 | +€50,689 | +6.2% |
| Suppliers | 440/4 | €823,053 | €873,742 | +€50,689 | +6.2% |
| Taxes, remuneration and social security | 45 | €125,599 | €15,677 | -€109,921 | -87.5% |
| Taxes | 450/3 | €114,724 | €0 | -€114,724 | -100.0% |
| Remuneration and social security | 454/9 | €10,875 | €15,677 | +€4,802 | +44.2% |
| Other amounts payable | 47/48 | €803,661 | €1,141,113 | +€337,452 | +42.0% |
| Remuneration, social security and pensions | 62 | €44,150 | €69,319 | +€25,168 | +57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,850 | €18,708 | +€858 | +4.8% |
| Other operating charges | 640/8 | €44,968 | €231 | -€44,737 | -99.5% |
| Gross operating margin | 9900 | €176,275 | €240,811 | +€64,536 | +36.6% |
| Operating profit (loss) | 9901 | €69,307 | €152,554 | +€83,246 | +120% |
| Financial income | 75/76B | €597 | - | -€597 | |
| Recurring financial income | 75 | €597 | - | -€597 | |
| Financial charges | 65/66B | €110,246 | €114,592 | +€4,347 | +3.9% |
| Recurring financial charges | 65 | €110,246 | €114,592 | +€4,347 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€40,341 | €37,961 | +€78,302 | |
| Profit (loss) for the period | 9904 | -€40,341 | €37,961 | +€78,302 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,341 | €37,961 | +€78,302 |
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 16 October 2026 via checked.be.