CASTAR: 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.
CASTAR
Largest movements
- Receivables within one year -€83,972
down €83,972 (-60.6%), from €138,601 to €54,629
of which Trade receivables: -€86,671
- Cash +€69,701
up €69,701 (+1,983%), from €3,515 to €73,216
mainly Receivables within one year (+€83,972) and Net result for the year (+€23,959)
- Tangible fixed assets +€3,994
up €3,994 (+16.3%), from €24,531 to €28,525
of which Plant, machinery and equipment: +€5,867
- Other debts +€14,302
up €14,302 (+97.4%), from €14,678 to €28,980
- Trade debts -€10,317
down €10,317 (-52.2%), from €19,763 to €9,445
- Tax, wage and social debts -€10,256
down €10,256 (-26.2%), from €39,091 to €28,835
of which Taxes: -€26,185
- Debts after one year -€2,249
no longer reported in 2025 (was €2,249)
- Gross operating margin +€31,193
up €31,193 (+45.9%), from €67,964 to €99,157
- Depreciation -€15,170
down €15,170 (-54.3%), from €27,921 to €12,751
- Write-downs +€8,396
new in 2025: €8,396
- Taxes +€5,297
new in 2025: €5,297
- Financial charges +€1,870
up €1,870 (+284%), from €658 to €2,528
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 | €166,848 | €157,841 | -€9,007 | -5.4% |
| Fixed assets | 21/28 | €24,531 | €28,525 | +€3,994 | +16.3% |
| Tangible fixed assets | 22/27 | €24,531 | €28,525 | +€3,994 | +16.3% |
| Plant, machinery and equipment | 23 | €6,566 | €12,432 | +€5,867 | +89.3% |
| Furniture and vehicles | 24 | €14,676 | €13,836 | -€840 | -5.7% |
| Other tangible fixed assets | 26 | €3,289 | €2,257 | -€1,032 | -31.4% |
| Current assets | 29/58 | €142,317 | €129,316 | -€13,001 | -9.1% |
| Amounts receivable within one year | 40/41 | €138,601 | €54,629 | -€83,972 | -60.6% |
| Trade receivables | 40 | €135,726 | €49,055 | -€86,671 | -63.9% |
| Other amounts receivable | 41 | €2,875 | €5,574 | +€2,698 | +93.8% |
| Cash at bank and in hand | 54/58 | €3,515 | €73,216 | +€69,701 | +1,983% |
| Deferred charges and accrued income | 490/1 | €201 | €1,470 | +€1,270 | +633% |
| Total equity and liabilities | 10/49 | €166,848 | €157,841 | -€9,007 | -5.4% |
| Equity | 10/15 | €87,373 | €88,332 | +€959 | +1.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €66,967 | €66,967 | = | 0.0% |
| Distributable reserves | 133 | €66,967 | €66,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,406 | €11,365 | +€959 | +9.2% |
| Amounts payable | 17/49 | €79,475 | €69,509 | -€9,966 | -12.5% |
| Amounts payable after more than one year | 17 | €2,249 | - | -€2,249 | |
| Financial debts | 170/4 | €2,249 | - | -€2,249 | |
| Amounts payable within one year | 42/48 | €77,226 | €69,509 | -€7,717 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €3,695 | €2,249 | -€1,446 | -39.1% |
| Trade debts | 44 | €19,763 | €9,445 | -€10,317 | -52.2% |
| Suppliers | 440/4 | €19,763 | €9,445 | -€10,317 | -52.2% |
| Taxes, remuneration and social security | 45 | €39,091 | €28,835 | -€10,256 | -26.2% |
| Taxes | 450/3 | €34,327 | €8,142 | -€26,185 | -76.3% |
| Remuneration and social security | 454/9 | €4,763 | €20,693 | +€15,929 | +334% |
| Other amounts payable | 47/48 | €14,678 | €28,980 | +€14,302 | +97.4% |
| Remuneration, social security and pensions | 62 | €43,381 | €44,697 | +€1,316 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,921 | €12,751 | -€15,170 | -54.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,396 | +€8,396 | |
| Other operating charges | 640/8 | €741 | €1,541 | +€800 | +108% |
| Gross operating margin | 9900 | €67,964 | €99,157 | +€31,193 | +45.9% |
| Operating profit (loss) | 9901 | -€4,079 | €31,773 | +€35,852 | |
| Financial income | 75/76B | €22 | €11 | -€11 | -48.8% |
| Recurring financial income | 75 | €22 | €11 | -€11 | -48.8% |
| Financial charges | 65/66B | €658 | €2,528 | +€1,870 | +284% |
| Recurring financial charges | 65 | €658 | €2,528 | +€1,870 | +284% |
| Profit (loss) for the period before taxes | 9903 | -€4,715 | €29,255 | +€33,971 | |
| Income taxes | 67/77 | - | €5,297 | +€5,297 | |
| Profit (loss) for the period | 9904 | -€4,715 | €23,959 | +€28,674 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,715 | €23,959 | +€28,674 |
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 13 October 2026 via checked.be.