Immo Cassaro: 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 Cassaro
Largest movements
- Tangible fixed assets -€7,896
down €7,896 (-4.2%), from €186,649 to €178,753
of which Land and buildings: -€7,083
- Debts after one year -€12,929
down €12,929 (-9.7%), from €132,809 to €119,880
of which Financial debts: -€15,329
- Other debts +€3,208
up €3,208 (+4.7%), from €67,623 to €70,831
- Profit (loss) carried forward +€2,448
up €2,448 (+7.6%), from -€32,267 to -€29,819
- Gross operating margin +€6,429
up €6,429 (+53.5%), from €12,018 to €18,447
- Financial charges -€399
down €399 (-9.1%), from €4,385 to €3,986
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 | €196,633 | €189,989 | -€6,644 | -3.4% |
| Fixed assets | 21/28 | €186,649 | €178,753 | -€7,896 | -4.2% |
| Tangible fixed assets | 22/27 | €186,649 | €178,753 | -€7,896 | -4.2% |
| Land and buildings | 22 | €184,646 | €177,562 | -€7,083 | -3.8% |
| Plant, machinery and equipment | 23 | €2,003 | €1,191 | -€813 | -40.6% |
| Current assets | 29/58 | €9,984 | €11,236 | +€1,252 | +12.5% |
| Cash at bank and in hand | 54/58 | €1,882 | €3,035 | +€1,153 | +61.3% |
| Deferred charges and accrued income | 490/1 | €8,102 | €8,200 | +€99 | +1.2% |
| Total equity and liabilities | 10/49 | €196,633 | €189,989 | -€6,644 | -3.4% |
| Equity | 10/15 | -€19,867 | -€17,419 | +€2,448 | +12.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,267 | -€29,819 | +€2,448 | +7.6% |
| Amounts payable | 17/49 | €216,500 | €207,408 | -€9,092 | -4.2% |
| Amounts payable after more than one year | 17 | €132,809 | €119,880 | -€12,929 | -9.7% |
| Financial debts | 170/4 | €130,809 | €115,480 | -€15,329 | -11.7% |
| Other amounts payable | 178/9 | €2,000 | €4,400 | +€2,400 | +120.0% |
| Amounts payable within one year | 42/48 | €83,691 | €87,528 | +€3,837 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €14,906 | €15,329 | +€423 | +2.8% |
| Trade debts | 44 | €1,162 | €1,368 | +€206 | +17.7% |
| Suppliers | 440/4 | €1,162 | €1,368 | +€206 | +17.7% |
| Other amounts payable | 47/48 | €67,623 | €70,831 | +€3,208 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,896 | €7,896 | = | 0.0% |
| Other operating charges | 640/8 | €1,582 | €1,543 | -€39 | -2.5% |
| Gross operating margin | 9900 | €12,018 | €18,447 | +€6,429 | +53.5% |
| Operating profit (loss) | 9901 | €2,540 | €9,008 | +€6,468 | +254.7% |
| Financial charges | 65/66B | €4,385 | €3,986 | -€399 | -9.1% |
| Recurring financial charges | 65 | €4,385 | €3,986 | -€399 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,845 | €5,023 | +€6,867 | |
| Profit (loss) for the period | 9904 | -€1,845 | €5,023 | +€6,867 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,845 | €5,023 | +€6,867 |
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 10 October 2026 via checked.be.