CASTARE: 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.
CASTARE
Largest movements
- Cash +€215,745
up €215,745 (+106.1%), from €203,388 to €419,133
mainly Other debts (+€177,459) and Trade debts (+€133,956)
- Tangible fixed assets +€127,729
up €127,729 (+14.1%), from €903,767 to €1.0m
of which Furniture and vehicles: +€115,798
- Receivables within one year -€126,179
down €126,179 (-81.7%), from €154,367 to €28,187
of which Trade receivables: -€131,994
- Other debts +€177,459
up €177,459 (+421.4%), from €42,108 to €219,566
- Trade debts +€133,956
up €133,956 (+521.4%), from €25,690 to €159,646
- Reserves -€105,852
down €105,852 (-25.8%), from €409,971 to €304,119
of which Distributable reserves: -€105,852
- Debts after one year +€22,551
up €22,551 (+2.6%), from €880,000 to €902,551
- Current portion of long-term debt +€18,823
new in 2026: €18,823
- Gross operating margin +€60,057
up €60,057 (+31.4%), from €191,402 to €251,458
- Depreciation +€19,164
up €19,164 (+47.1%), from €40,710 to €59,874
- Other operating charges +€15,757
up €15,757 (+938.3%), from €1,679 to €17,436
- Staff costs -€15,145
down €15,145 (-28.1%), from €53,917 to €38,772
- Write-downs +€14,318
up €14,318, from -€8,414 to €5,904
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,451,586 | €1,697,704 | +€246,118 | +17.0% |
| Fixed assets | 21/28 | €1,078,767 | €1,213,996 | +€135,229 | +12.5% |
| Tangible fixed assets | 22/27 | €903,767 | €1,031,496 | +€127,729 | +14.1% |
| Land and buildings | 22 | €895,702 | €900,035 | +€4,333 | +0.5% |
| Plant, machinery and equipment | 23 | €6,473 | €14,071 | +€7,598 | +117.4% |
| Furniture and vehicles | 24 | €1,592 | €117,390 | +€115,798 | +7272.1% |
| Financial fixed assets | 28 | €175,000 | €182,500 | +€7,500 | +4.3% |
| Current assets | 29/58 | €372,818 | €483,708 | +€110,889 | +29.7% |
| Stocks and contracts in progress | 3 | €13,015 | €29,021 | +€16,006 | +123.0% |
| Stocks | 30/36 | €13,015 | €29,021 | +€16,006 | +123.0% |
| Amounts receivable within one year | 40/41 | €154,367 | €28,187 | -€126,179 | -81.7% |
| Trade receivables | 40 | €154,367 | €22,373 | -€131,994 | -85.5% |
| Other amounts receivable | 41 | €0 | €5,814 | +€5,814 | |
| Cash at bank and in hand | 54/58 | €203,388 | €419,133 | +€215,745 | +106.1% |
| Deferred charges and accrued income | 490/1 | €2,049 | €7,366 | +€5,318 | +259.5% |
| Total equity and liabilities | 10/49 | €1,451,586 | €1,697,704 | +€246,118 | +17.0% |
| Equity | 10/15 | €416,271 | €310,419 | -€105,852 | -25.4% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €409,971 | €304,119 | -€105,852 | -25.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €408,111 | €302,259 | -€105,852 | -25.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,035,314 | €1,387,284 | +€351,970 | +34.0% |
| Amounts payable after more than one year | 17 | €880,000 | €902,551 | +€22,551 | +2.6% |
| Financial debts | 170/4 | €880,000 | €902,551 | +€22,551 | +2.6% |
| Amounts payable within one year | 42/48 | €151,529 | €482,045 | +€330,517 | +218.1% |
| Current portion of amounts payable after more than one year | 42 | - | €18,823 | +€18,823 | |
| Trade debts | 44 | €25,690 | €159,646 | +€133,956 | +521.4% |
| Suppliers | 440/4 | €25,690 | €159,646 | +€133,956 | +521.4% |
| Taxes, remuneration and social security | 45 | €83,731 | €84,011 | +€279 | +0.3% |
| Taxes | 450/3 | €76,663 | €78,868 | +€2,205 | +2.9% |
| Remuneration and social security | 454/9 | €7,068 | €5,142 | -€1,926 | -27.2% |
| Other amounts payable | 47/48 | €42,108 | €219,566 | +€177,459 | +421.4% |
| Accrued charges and deferred income | 492/3 | €3,785 | €2,689 | -€1,097 | -29.0% |
| Remuneration, social security and pensions | 62 | €53,917 | €38,772 | -€15,145 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,710 | €59,874 | +€19,164 | +47.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,414 | €5,904 | +€14,318 | |
| Other operating charges | 640/8 | €1,679 | €17,436 | +€15,757 | +938.3% |
| Gross operating margin | 9900 | €191,402 | €251,458 | +€60,057 | +31.4% |
| Operating profit (loss) | 9901 | €103,509 | €129,472 | +€25,963 | +25.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,598 | €6,051 | +€4,453 | +278.6% |
| Recurring financial charges | 65 | €1,598 | €6,051 | +€4,453 | +278.6% |
| Profit (loss) for the period before taxes | 9903 | €101,911 | €123,421 | +€21,510 | +21.1% |
| Income taxes | 67/77 | €30,453 | €35,696 | +€5,243 | +17.2% |
| Profit (loss) for the period | 9904 | €71,458 | €87,725 | +€16,268 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,458 | €87,725 | +€16,268 | +22.8% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.