La Casemate: 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.
La Casemate
Largest movements
- Tangible fixed assets -€11,535
down €11,535 (-55.7%), from €20,696 to €9,161
- Receivables within one year -€6,523
down €6,523 (-71.5%), from €9,130 to €2,606
of which Trade receivables: -€4,943
- Stocks and contracts -€5,618
down €5,618 (-22.7%), from €24,744 to €19,126
- Cash -€2,329
down €2,329 (-5.7%), from €41,178 to €38,849
mainly Trade debts (-€20,018) and Debts after one year (-€7,330)
- Deferred charges and accrued income -€2,014
down €2,014 (-50.6%), from €3,981 to €1,967
- Trade debts -€20,018
down €20,018 (-61.5%), from €32,565 to €12,546
- Debts after one year -€7,330
down €7,330 (-100%), from €7,330 to €0
- Profit (loss) carried forward +€3,888
up €3,888 (+75.8%), from -€5,129 to -€1,241
- Tax, wage and social debts -€2,825
down €2,825 (-50.8%), from €5,561 to €2,736
of which Remuneration and social security: -€1,719
- Current portion of long-term debt -€1,959
down €1,959 (-21.1%), from €9,289 to €7,330
- Staff costs -€6,354
down €6,354 (-30.4%), from €20,922 to €14,568
- Other operating charges -€5,845
down €5,845 (-35.9%), from €16,265 to €10,420
- Write-downs +€3,585
up €3,585, from -€3,585 to €0
- Financial charges -€825
down €825 (-20.8%), from €3,956 to €3,131
- Gross operating margin -€514
down €514 (-1.2%), from €43,744 to €43,230
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 | €99,728 | €71,709 | -€28,020 | -28.1% |
| Fixed assets | 21/28 | €20,696 | €9,161 | -€11,535 | -55.7% |
| Tangible fixed assets | 22/27 | €20,696 | €9,161 | -€11,535 | -55.7% |
| Plant, machinery and equipment | 23 | €9,231 | €3,966 | -€5,265 | -57.0% |
| Furniture and vehicles | 24 | €8,765 | €3,229 | -€5,536 | -63.2% |
| Other tangible fixed assets | 26 | €2,699 | €1,965 | -€734 | -27.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €79,033 | €62,548 | -€16,485 | -20.9% |
| Stocks and contracts in progress | 3 | €24,744 | €19,126 | -€5,618 | -22.7% |
| Stocks | 30/36 | €24,744 | €19,126 | -€5,618 | -22.7% |
| Amounts receivable within one year | 40/41 | €9,130 | €2,606 | -€6,523 | -71.5% |
| Trade receivables | 40 | €6,425 | €1,482 | -€4,943 | -76.9% |
| Other amounts receivable | 41 | €2,705 | €1,124 | -€1,581 | -58.4% |
| Cash at bank and in hand | 54/58 | €41,178 | €38,849 | -€2,329 | -5.7% |
| Deferred charges and accrued income | 490/1 | €3,981 | €1,967 | -€2,014 | -50.6% |
| Total equity and liabilities | 10/49 | €99,728 | €71,709 | -€28,020 | -28.1% |
| Equity | 10/15 | €44,982 | €48,870 | +€3,888 | +8.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €31,561 | €31,561 | = | 0.0% |
| Distributable reserves | 133 | €31,561 | €31,561 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,129 | -€1,241 | +€3,888 | +75.8% |
| Amounts payable | 17/49 | €54,746 | €22,839 | -€31,907 | -58.3% |
| Amounts payable after more than one year | 17 | €7,330 | €0 | -€7,330 | -100% |
| Financial debts | 170/4 | €7,330 | €0 | -€7,330 | -100% |
| Amounts payable within one year | 42/48 | €47,416 | €22,839 | -€24,577 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €9,289 | €7,330 | -€1,959 | -21.1% |
| Trade debts | 44 | €32,565 | €12,546 | -€20,018 | -61.5% |
| Suppliers | 440/4 | €32,565 | €12,546 | -€20,018 | -61.5% |
| Taxes, remuneration and social security | 45 | €5,561 | €2,736 | -€2,825 | -50.8% |
| Taxes | 450/3 | €1,337 | €232 | -€1,106 | -82.7% |
| Remuneration and social security | 454/9 | €4,223 | €2,504 | -€1,719 | -40.7% |
| Other amounts payable | 47/48 | €2 | €227 | +€225 | +15,000% |
| Non-recurring operating income | 76A | - | €1,412 | +€1,412 | |
| Remuneration, social security and pensions | 62 | €20,922 | €14,568 | -€6,354 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,509 | €11,535 | +€26 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,585 | €0 | +€3,585 | |
| Other operating charges | 640/8 | €16,265 | €10,420 | -€5,845 | -35.9% |
| Non-recurring operating charges | 66A | - | €49 | +€49 | |
| Gross operating margin | 9900 | €43,744 | €43,230 | -€514 | -1.2% |
| Operating profit (loss) | 9901 | -€1,367 | €6,658 | +€8,025 | |
| Financial income | 75/76B | €180 | €360 | +€180 | +99.8% |
| Recurring financial income | 75 | €180 | €360 | +€180 | +99.8% |
| Financial charges | 65/66B | €3,956 | €3,131 | -€825 | -20.8% |
| Recurring financial charges | 65 | €3,956 | €3,131 | -€825 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,142 | €3,888 | +€9,030 | |
| Profit (loss) for the period | 9904 | -€5,142 | €3,888 | +€9,030 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,142 | €3,888 | +€9,030 |
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 20 October 2026 via checked.be.