CAStaar: 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.
CAStaar
Largest movements
- Cash -€53,771
down €53,771 (-91.8%), from €58,547 to €4,775
mainly Net result for the year (-€97,650) and Investment in fixed assets (net) (-€42,658)
- Deferred charges and accrued income -€32,259
down €32,259 (-92.1%), from €35,017 to €2,758
- Tangible fixed assets +€27,778
up €27,778 (+35.2%), from €78,987 to €106,764
of which Assets under construction and advance payments: +€36,730
- Receivables within one year +€14,558
up €14,558 (+634%), from €2,295 to €16,853
of which Trade receivables: +€13,550
- Profit (loss) carried forward -€97,650
down €97,650 (-219%), from -€44,570 to -€142,219
- Other debts +€66,040
up €66,040 (+67.3%), from €98,184 to €164,225
- Tax, wage and social debts -€13,108
down €13,108 (-84.0%), from €15,608 to €2,499
- Accrued charges and deferred income +€8,528
up €8,528 (+511%), from €1,669 to €10,197
- Debts after one year -€5,987
down €5,987 (-13.7%), from €43,838 to €37,851
- Gross operating margin -€48,672
down €48,672 (-478%), from -€10,187 to -€58,859
- Financial charges +€9,567
up €9,567 (+109%), from €8,802 to €18,369
- Other operating charges -€4,485
down €4,485 (-52.9%), from €8,481 to €3,996
- Depreciation -€679
down €679 (-4.4%), from €15,560 to €14,881
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 | €174,845 | €131,150 | -€43,695 | -25.0% |
| Fixed assets | 21/28 | €78,987 | €106,764 | +€27,778 | +35.2% |
| Tangible fixed assets | 22/27 | €78,987 | €106,764 | +€27,778 | +35.2% |
| Land and buildings | 22 | €31,143 | €29,535 | -€1,607 | -5.2% |
| Plant, machinery and equipment | 23 | €7,455 | €4,607 | -€2,848 | -38.2% |
| Furniture and vehicles | 24 | €30,589 | €26,093 | -€4,496 | -14.7% |
| Assets under construction and advance payments | 27 | €9,800 | €46,530 | +€36,730 | +375% |
| Current assets | 29/58 | €95,859 | €24,386 | -€71,473 | -74.6% |
| Amounts receivable within one year | 40/41 | €2,295 | €16,853 | +€14,558 | +634% |
| Trade receivables | 40 | €0 | €13,550 | +€13,550 | |
| Other amounts receivable | 41 | €2,295 | €3,302 | +€1,008 | +43.9% |
| Cash at bank and in hand | 54/58 | €58,547 | €4,775 | -€53,771 | -91.8% |
| Deferred charges and accrued income | 490/1 | €35,017 | €2,758 | -€32,259 | -92.1% |
| Total equity and liabilities | 10/49 | €174,845 | €131,150 | -€43,695 | -25.0% |
| Equity | 10/15 | €6,582 | -€91,068 | -€97,650 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,551 | €32,551 | = | 0.0% |
| Distributable reserves | 133 | €32,551 | €32,551 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,570 | -€142,219 | -€97,650 | -219% |
| Amounts payable | 17/49 | €168,264 | €222,218 | +€53,954 | +32.1% |
| Amounts payable after more than one year | 17 | €43,838 | €37,851 | -€5,987 | -13.7% |
| Financial debts | 170/4 | €43,838 | €37,851 | -€5,987 | -13.7% |
| Amounts payable within one year | 42/48 | €122,757 | €174,171 | +€51,413 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €5,712 | €5,987 | +€275 | +4.8% |
| Trade debts | 44 | €3,253 | €1,460 | -€1,793 | -55.1% |
| Suppliers | 440/4 | €3,253 | €1,460 | -€1,793 | -55.1% |
| Taxes, remuneration and social security | 45 | €15,608 | €2,499 | -€13,108 | -84.0% |
| Taxes | 450/3 | €15,608 | €2,499 | -€13,108 | -84.0% |
| Other amounts payable | 47/48 | €98,184 | €164,225 | +€66,040 | +67.3% |
| Accrued charges and deferred income | 492/3 | €1,669 | €10,197 | +€8,528 | +511% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,560 | €14,881 | -€679 | -4.4% |
| Other operating charges | 640/8 | €8,481 | €3,996 | -€4,485 | -52.9% |
| Gross operating margin | 9900 | -€10,187 | -€58,859 | -€48,672 | -478% |
| Operating profit (loss) | 9901 | -€34,228 | -€77,736 | -€43,509 | -127% |
| Financial income | 75/76B | €0 | €111 | +€111 | |
| Recurring financial income | 75 | €0 | €111 | +€111 | |
| Financial charges | 65/66B | €8,802 | €18,369 | +€9,567 | +109% |
| Recurring financial charges | 65 | €8,802 | €18,369 | +€9,567 | +109% |
| Profit (loss) for the period before taxes | 9903 | -€43,030 | -€95,994 | -€52,964 | -123% |
| Income taxes | 67/77 | €1,540 | €1,656 | +€116 | +7.5% |
| Profit (loss) for the period | 9904 | -€44,570 | -€97,650 | -€53,080 | -119% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,570 | -€97,650 | -€53,080 | -119% |
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 27 October 2026 via checked.be.