CAST IRON: 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.
CAST IRON
Largest movements
- Receivables within one year +€188,533
up €188,533 (+24.5%), from €769,328 to €957,860
of which Trade receivables: +€188,533
- Stocks and contracts -€117,292
down €117,292 (-16.1%), from €726,493 to €609,202
of which Contracts in progress: -€67,671
- Cash +€65,123
up €65,123 (+20.8%), from €313,809 to €378,931
mainly Advances received (+€148,091) and Stocks and contracts (+€117,292)
- Debts after one year -€200,000
down €200,000 (-53.3%), from €375,000 to €175,000
- Advances received +€148,091
new in 2025: €148,091
- Reserves +€106,616
up €106,616 (+32.3%), from €330,170 to €436,786
of which Distributable reserves: +€106,616
- Trade debts +€47,439
up €47,439 (+5.7%), from €834,127 to €881,566
- Tax, wage and social debts +€28,509
up €28,509 (+12.9%), from €221,415 to €249,924
of which Remuneration and social security: +€18,324
- Gross operating margin +€126,663
up €126,663 (+9.2%), from €1.4m to €1.5m
- Taxes +€37,817
up €37,817 (+294%), from €12,878 to €50,694
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 | €1,860,280 | €1,979,184 | +€118,904 | +6.4% |
| Fixed assets | 21/28 | €50,651 | €33,191 | -€17,460 | -34.5% |
| Intangible fixed assets | 21 | €49,311 | €32,964 | -€16,347 | -33.2% |
| Tangible fixed assets | 22/27 | €1,340 | €227 | -€1,113 | -83.1% |
| Furniture and vehicles | 24 | €1,340 | €227 | -€1,113 | -83.1% |
| Current assets | 29/58 | €1,809,630 | €1,945,994 | +€136,364 | +7.5% |
| Stocks and contracts in progress | 3 | €726,493 | €609,202 | -€117,292 | -16.1% |
| Stocks | 30/36 | €245,319 | €195,698 | -€49,621 | -20.2% |
| Contracts in progress | 37 | €481,175 | €413,504 | -€67,671 | -14.1% |
| Amounts receivable within one year | 40/41 | €769,328 | €957,860 | +€188,533 | +24.5% |
| Trade receivables | 40 | €726,333 | €914,866 | +€188,533 | +26.0% |
| Other amounts receivable | 41 | €42,995 | €42,995 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €313,809 | €378,931 | +€65,123 | +20.8% |
| Total equity and liabilities | 10/49 | €1,860,280 | €1,979,184 | +€118,904 | +6.4% |
| Equity | 10/15 | €415,702 | €522,318 | +€106,616 | +25.6% |
| Contributions | 10/11 | €85,531 | €85,531 | = | 0.0% |
| Capital | 10 | €85,531 | €85,531 | = | 0.0% |
| Issued capital | 100 | €85,531 | €85,531 | = | 0.0% |
| Reserves | 13 | €330,170 | €436,786 | +€106,616 | +32.3% |
| Non-distributable reserves | 130/1 | €8,553 | €8,553 | = | 0.0% |
| Legal reserve | 130 | €8,553 | €8,553 | = | 0.0% |
| Distributable reserves | 133 | €321,618 | €428,233 | +€106,616 | +33.1% |
| Amounts payable | 17/49 | €1,444,579 | €1,456,867 | +€12,288 | +0.9% |
| Amounts payable after more than one year | 17 | €375,000 | €175,000 | -€200,000 | -53.3% |
| Financial debts | 170/4 | €375,000 | €175,000 | -€200,000 | -53.3% |
| Amounts payable within one year | 42/48 | €1,069,579 | €1,281,867 | +€212,288 | +19.8% |
| Trade debts | 44 | €834,127 | €881,566 | +€47,439 | +5.7% |
| Suppliers | 440/4 | €834,127 | €881,566 | +€47,439 | +5.7% |
| Advances received on contracts in progress | 46 | - | €148,091 | +€148,091 | |
| Taxes, remuneration and social security | 45 | €221,415 | €249,924 | +€28,509 | +12.9% |
| Taxes | 450/3 | €28,266 | €38,450 | +€10,184 | +36.0% |
| Remuneration and social security | 454/9 | €193,150 | €211,474 | +€18,324 | +9.5% |
| Other amounts payable | 47/48 | €14,036 | €2,286 | -€11,750 | -83.7% |
| Remuneration, social security and pensions | 62 | €1,303,252 | €1,306,532 | +€3,280 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,276 | €17,460 | +€184 | +1.1% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Non-recurring operating charges | 66A | - | €5,000 | +€5,000 | |
| Gross operating margin | 9900 | €1,379,066 | €1,505,728 | +€126,663 | +9.2% |
| Operating profit (loss) | 9901 | €57,452 | €175,618 | +€118,165 | +206% |
| Financial income | 75/76B | €7,589 | €232 | -€7,356 | -96.9% |
| Recurring financial income | 75 | €7,589 | €232 | -€7,356 | -96.9% |
| Financial charges | 65/66B | €31,674 | €18,540 | -€13,134 | -41.5% |
| Recurring financial charges | 65 | €31,674 | €18,540 | -€13,134 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €33,367 | €157,310 | +€123,943 | +371% |
| Income taxes | 67/77 | €12,878 | €50,694 | +€37,817 | +294% |
| Profit (loss) for the period | 9904 | €20,490 | €106,616 | +€86,126 | +420% |
| Profit (loss) for the period to be appropriated | 9905 | €20,490 | €106,616 | +€86,126 | +420% |
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.