IMMO CASCO ANTWERPEN: 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 CASCO ANTWERPEN
Largest movements
- Receivables within one year +€29,977
up €29,977 (+31.5%), from €95,181 to €125,158
of which Trade receivables: +€29,453
- Tangible fixed assets +€26,416
up €26,416 (+71.2%), from €37,119 to €63,535
of which Furniture and vehicles: +€23,916
- Cash -€5,749
down €5,749 (-79.9%), from €7,196 to €1,448
mainly Investment in fixed assets (net) (-€39,602) and Receivables within one year (-€29,977)
- Debts after one year +€22,236
up €22,236 (+11.6%), from €191,373 to €213,610
of which Other amounts payable: +€14,000
- Profit (loss) carried forward +€17,297
up €17,297 (+10.3%), from -€168,173 to -€150,876
- Other debts +€9,577
up €9,577 (+76.9%), from €12,447 to €22,024
- Current portion of long-term debt +€8,524
up €8,524 (+305%), from €2,795 to €11,319
- Tax, wage and social debts -€3,419
down €3,419 (-47.1%), from €7,256 to €3,837
of which Taxes: -€3,497
- Depreciation +€8,838
up €8,838 (+203%), from €4,348 to €13,186
- Financial charges -€8,696
down €8,696 (-72.1%), from €12,063 to €3,367
of which Financial charges: -€8,508
- Gross operating margin -€5,708
down €5,708 (-9.2%), from €61,886 to €56,178
- Staff costs +€1,297
up €1,297 (+6.7%), from €19,437 to €20,734
- Other operating charges -€1,187
down €1,187 (-47.6%), from €2,490 to €1,304
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 | €141,284 | €192,086 | +€50,802 | +36.0% |
| Fixed assets | 21/28 | €38,091 | €64,508 | +€26,416 | +69.3% |
| Tangible fixed assets | 22/27 | €37,119 | €63,535 | +€26,416 | +71.2% |
| Land and buildings | 22 | €31,135 | €34,524 | +€3,390 | +10.9% |
| Plant, machinery and equipment | 23 | €498 | €329 | -€169 | -34.0% |
| Furniture and vehicles | 24 | €3,747 | €27,664 | +€23,916 | +638% |
| Other tangible fixed assets | 26 | €1,739 | €1,019 | -€721 | -41.4% |
| Financial fixed assets | 28 | €972 | €972 | = | 0.0% |
| Current assets | 29/58 | €103,192 | €127,579 | +€24,386 | +23.6% |
| Amounts receivable within one year | 40/41 | €95,181 | €125,158 | +€29,977 | +31.5% |
| Trade receivables | 40 | €7,216 | €36,669 | +€29,453 | +408% |
| Other amounts receivable | 41 | €87,965 | €88,489 | +€524 | +0.6% |
| Cash at bank and in hand | 54/58 | €7,196 | €1,448 | -€5,749 | -79.9% |
| Deferred charges and accrued income | 490/1 | €815 | €973 | +€158 | +19.3% |
| Total equity and liabilities | 10/49 | €141,284 | €192,086 | +€50,802 | +36.0% |
| Equity | 10/15 | -€98,475 | -€81,178 | +€17,297 | +17.6% |
| Contributions | 10/11 | €40,910 | €40,910 | = | 0.0% |
| Reserves | 13 | €28,788 | €28,788 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,472 | €5,472 | = | 0.0% |
| Distributable reserves | 133 | €23,316 | €23,316 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€168,173 | -€150,876 | +€17,297 | +10.3% |
| Amounts payable | 17/49 | €239,759 | €273,264 | +€33,505 | +14.0% |
| Amounts payable after more than one year | 17 | €191,373 | €213,610 | +€22,236 | +11.6% |
| Financial debts | 170/4 | €31,373 | €39,610 | +€8,236 | +26.3% |
| Other amounts payable | 178/9 | €160,000 | €174,000 | +€14,000 | +8.8% |
| Amounts payable within one year | 42/48 | €48,386 | €59,654 | +€11,268 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €2,795 | €11,319 | +€8,524 | +305% |
| Financial debts | 43 | €4,000 | €4,000 | = | 0.0% |
| Other loans | 439 | €4,000 | €4,000 | = | 0.0% |
| Trade debts | 44 | €12,262 | €8,848 | -€3,415 | -27.8% |
| Suppliers | 440/4 | €12,262 | €8,848 | -€3,415 | -27.8% |
| Advances received on contracts in progress | 46 | €9,626 | €9,626 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,256 | €3,837 | -€3,419 | -47.1% |
| Taxes | 450/3 | €5,058 | €1,561 | -€3,497 | -69.1% |
| Remuneration and social security | 454/9 | €2,198 | €2,276 | +€79 | +3.6% |
| Other amounts payable | 47/48 | €12,447 | €22,024 | +€9,577 | +76.9% |
| Non-recurring operating income | 76A | €21,300 | €1,271 | -€20,028 | -94.0% |
| Remuneration, social security and pensions | 62 | €19,437 | €20,734 | +€1,297 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,348 | €13,186 | +€8,838 | +203% |
| Other operating charges | 640/8 | €2,490 | €1,304 | -€1,187 | -47.6% |
| Gross operating margin | 9900 | €61,886 | €56,178 | -€5,708 | -9.2% |
| Operating profit (loss) | 9901 | €35,611 | €20,954 | -€14,656 | -41.2% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €12,063 | €3,367 | -€8,696 | -72.1% |
| Recurring financial charges | 65 | €11,700 | €3,192 | -€8,508 | -72.7% |
| Non-recurring financial charges | 66B | €363 | €174 | -€189 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €23,547 | €17,602 | -€5,945 | -25.2% |
| Income taxes | 67/77 | €641 | €305 | -€336 | -52.4% |
| Profit (loss) for the period | 9904 | €22,907 | €17,297 | -€5,609 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,907 | €17,297 | -€5,609 | -24.5% |
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 29 October 2026 via checked.be.