CAST-ART: 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.
CAST-ART
Largest movements
- Tangible fixed assets +€465,592
up €465,592 (+410.8%), from €113,337 to €578,928
of which Land and buildings: +€470,175
- Receivables within one year -€6,531
down €6,531 (-13.8%), from €47,342 to €40,811
- Debts after one year +€534,887
up €534,887 (+495.1%), from €108,036 to €642,923
- Profit (loss) carried forward -€106,665
down €106,665 (-211.9%), from -€50,335 to -€157,000
- Trade debts +€19,175
up €19,175 (+112.9%), from €16,984 to €36,159
- Other debts +€11,647
up €11,647 (+20.0%), from €58,366 to €70,013
- Financial charges +€31,709
up €31,709 (+534.7%), from €5,930 to €37,639
- Depreciation +€21,181
up €21,181 (+105.1%), from €20,162 to €41,343
- Other operating charges +€967
up €967 (+53.3%), from €1,815 to €2,782
- Staff costs -€381
no longer reported in 2025 (was €381)
- Gross operating margin -€332
down €332 (-1.0%), from €32,465 to €32,133
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,246 | €625,766 | +€457,521 | +271.9% |
| Fixed assets | 21/28 | €113,337 | €578,928 | +€465,592 | +410.8% |
| Tangible fixed assets | 22/27 | €113,337 | €578,928 | +€465,592 | +410.8% |
| Land and buildings | 22 | €103,991 | €574,166 | +€470,175 | +452.1% |
| Plant, machinery and equipment | 23 | €4,536 | - | -€4,536 | |
| Furniture and vehicles | 24 | €71 | €24 | -€47 | -66.7% |
| Assets under construction and advance payments | 27 | €4,739 | €4,739 | = | 0.0% |
| Current assets | 29/58 | €54,909 | €46,838 | -€8,071 | -14.7% |
| Stocks and contracts in progress | 3 | €4,958 | €4,958 | = | 0.0% |
| Contracts in progress | 37 | €4,958 | €4,958 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,342 | €40,811 | -€6,531 | -13.8% |
| Trade receivables | 40 | €47,342 | €40,811 | -€6,531 | -13.8% |
| Cash at bank and in hand | 54/58 | €2,610 | €1,070 | -€1,540 | -59.0% |
| Total equity and liabilities | 10/49 | €168,246 | €625,766 | +€457,521 | +271.9% |
| Equity | 10/15 | -€37,335 | -€144,000 | -€106,665 | -285.7% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Capital | 10 | €13,000 | €13,000 | = | 0.0% |
| Issued capital | 100 | €15,000 | €15,000 | = | 0.0% |
| Uncalled capital | 101 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,335 | -€157,000 | -€106,665 | -211.9% |
| Amounts payable | 17/49 | €205,580 | €769,766 | +€564,186 | +274.4% |
| Amounts payable after more than one year | 17 | €108,036 | €642,923 | +€534,887 | +495.1% |
| Financial debts | 170/4 | €108,036 | €642,923 | +€534,887 | +495.1% |
| Amounts payable within one year | 42/48 | €95,606 | €124,904 | +€29,298 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €11,946 | €8,235 | -€3,710 | -31.1% |
| Trade debts | 44 | €16,984 | €36,159 | +€19,175 | +112.9% |
| Suppliers | 440/4 | €16,984 | €36,159 | +€19,175 | +112.9% |
| Taxes, remuneration and social security | 45 | €8,309 | €10,497 | +€2,188 | +26.3% |
| Taxes | 450/3 | €8,309 | €10,497 | +€2,188 | +26.3% |
| Other amounts payable | 47/48 | €58,366 | €70,013 | +€11,647 | +20.0% |
| Accrued charges and deferred income | 492/3 | €1,939 | €1,939 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €381 | - | -€381 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,162 | €41,343 | +€21,181 | +105.1% |
| Other operating charges | 640/8 | €1,815 | €2,782 | +€967 | +53.3% |
| Gross operating margin | 9900 | €32,465 | €32,133 | -€332 | -1.0% |
| Operating profit (loss) | 9901 | €10,108 | -€11,992 | -€22,100 | |
| Financial income | 75/76B | €20 | €3 | -€17 | -87.4% |
| Recurring financial income | 75 | €20 | €3 | -€17 | -87.4% |
| Financial charges | 65/66B | €5,930 | €37,639 | +€31,709 | +534.7% |
| Recurring financial charges | 65 | €5,930 | €37,639 | +€31,709 | +534.7% |
| Profit (loss) for the period before taxes | 9903 | €4,198 | -€49,628 | -€53,826 | |
| Profit (loss) for the period | 9904 | €4,198 | -€49,628 | -€53,826 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,198 | -€49,628 | -€53,826 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.