AD KASTERLEE: what changed
Two fiscal 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.
AD KASTERLEE
Largest movements
- Current investments +€700,208
new in 2025: €700,208
- Cash -€682,349
down €682,349 (-56.5%), from €1.2m to €524,485
mainly Current investments (-€700,208) and Receivables within one year (-€393,181)
- Receivables within one year +€393,181
up €393,181 (+111.7%), from €351,948 to €745,128
of which Other amounts receivable: +€352,166
- Stocks and contracts +€60,029
up €60,029 (+10.7%), from €559,387 to €619,417
- Tangible fixed assets +€33,215
up €33,215 (+11.0%), from €302,437 to €335,652
of which Plant, machinery and equipment: +€38,624
- Reserves +€437,840
up €437,840 (+99.6%), from €439,419 to €877,259
- Other debts +€215,152
up €215,152 (+2211.5%), from €9,729 to €224,881
- Debts after one year -€119,028
down €119,028 (-9.3%), from €1.3m to €1.2m
of which Trade debts: -€98,993
- Tax, wage and social debts -€106,533
down €106,533 (-30.6%), from €348,374 to €241,841
of which Taxes: -€68,606
- Trade debts +€62,380
up €62,380 (+27.2%), from €229,277 to €291,657
- Staff costs -€525,964
down €525,964 (-21.2%), from €2.5m to €2.0m
- Gross operating margin -€512,069
down €512,069 (-16.1%), from €3.2m to €2.7m
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 | €2,531,272 | €3,021,949 | +€490,677 | +19.4% |
| Formation expenses | 20 | €1,934 | €1,414 | -€520 | -26.9% |
| Fixed assets | 21/28 | €391,263 | €414,478 | +€23,215 | +5.9% |
| Intangible fixed assets | 21 | €88,825 | €78,825 | -€10,000 | -11.3% |
| Tangible fixed assets | 22/27 | €302,437 | €335,652 | +€33,215 | +11.0% |
| Plant, machinery and equipment | 23 | €243,169 | €281,793 | +€38,624 | +15.9% |
| Furniture and vehicles | 24 | €24,811 | €19,922 | -€4,888 | -19.7% |
| Other tangible fixed assets | 26 | €34,458 | €33,937 | -€520 | -1.5% |
| Current assets | 29/58 | €2,138,076 | €2,606,058 | +€467,982 | +21.9% |
| Stocks and contracts in progress | 3 | €559,387 | €619,417 | +€60,029 | +10.7% |
| Stocks | 30/36 | €559,387 | €619,417 | +€60,029 | +10.7% |
| Amounts receivable within one year | 40/41 | €351,948 | €745,128 | +€393,181 | +111.7% |
| Trade receivables | 40 | €229,254 | €270,270 | +€41,015 | +17.9% |
| Other amounts receivable | 41 | €122,693 | €474,859 | +€352,166 | +287.0% |
| Current investments | 50/53 | - | €700,208 | +€700,208 | |
| Cash at bank and in hand | 54/58 | €1,206,834 | €524,485 | -€682,349 | -56.5% |
| Deferred charges and accrued income | 490/1 | €19,907 | €16,820 | -€3,087 | -15.5% |
| Total equity and liabilities | 10/49 | €2,531,272 | €3,021,949 | +€490,677 | +19.4% |
| Equity | 10/15 | €639,419 | €1,077,259 | +€437,840 | +68.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €439,419 | €877,259 | +€437,840 | +99.6% |
| Distributable reserves | 133 | €439,419 | €877,259 | +€437,840 | +99.6% |
| Amounts payable | 17/49 | €1,891,853 | €1,944,690 | +€52,837 | +2.8% |
| Amounts payable after more than one year | 17 | €1,285,304 | €1,166,277 | -€119,028 | -9.3% |
| Financial debts | 170/4 | €61,001 | €40,967 | -€20,035 | -32.8% |
| Trade debts | 175 | €1,224,303 | €1,125,310 | -€98,993 | -8.1% |
| Amounts payable within one year | 42/48 | €606,548 | €778,413 | +€171,865 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €19,168 | €20,035 | +€867 | +4.5% |
| Trade debts | 44 | €229,277 | €291,657 | +€62,380 | +27.2% |
| Suppliers | 440/4 | €229,277 | €291,657 | +€62,380 | +27.2% |
| Taxes, remuneration and social security | 45 | €348,374 | €241,841 | -€106,533 | -30.6% |
| Taxes | 450/3 | €71,273 | €2,667 | -€68,606 | -96.3% |
| Remuneration and social security | 454/9 | €277,101 | €239,174 | -€37,928 | -13.7% |
| Other amounts payable | 47/48 | €9,729 | €224,881 | +€215,152 | +2211.5% |
| Remuneration, social security and pensions | 62 | €2,482,143 | €1,956,179 | -€525,964 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,256 | €49,562 | +€10,306 | +26.3% |
| Other operating charges | 640/8 | €4,511 | €7,022 | +€2,511 | +55.7% |
| Gross operating margin | 9900 | €3,178,296 | €2,666,227 | -€512,069 | -16.1% |
| Operating profit (loss) | 9901 | €652,387 | €653,465 | +€1,078 | +0.2% |
| Financial income | 75/76B | €4,311 | €3,543 | -€768 | -17.8% |
| Recurring financial income | 75 | €4,311 | €3,543 | -€768 | -17.8% |
| Financial charges | 65/66B | €44,902 | €40,740 | -€4,162 | -9.3% |
| Recurring financial charges | 65 | €44,902 | €40,740 | -€4,162 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €611,796 | €616,268 | +€4,472 | +0.7% |
| Income taxes | 67/77 | €172,376 | €178,428 | +€6,052 | +3.5% |
| Profit (loss) for the period | 9904 | €439,419 | €437,840 | -€1,580 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €439,419 | €437,840 | -€1,580 | -0.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.