CASTARS: 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.
CASTARS
Largest movements
- Receivables within one year +€111,089
up €111,089 (+265%), from €41,955 to €153,044
of which Trade receivables: +€111,674
- Intangible fixed assets +€97,004
up €97,004 (+150%), from €64,549 to €161,552
- Cash -€21,681
down €21,681 (-53.3%), from €40,678 to €18,997
mainly Investment in fixed assets (net) (-€142,572) and Receivables within one year (-€111,089)
- Tangible fixed assets +€16,985
up €16,985 (+55.8%), from €30,437 to €47,422
- Trade debts +€96,737
up €96,737 (+292%), from €33,150 to €129,886
- Debts after one year +€91,855
up €91,855 (+446%), from €20,599 to €112,454
of which Other amounts payable: +€75,000
- Tax, wage and social debts +€14,853
up €14,853 (+83.5%), from €17,788 to €32,641
of which Taxes: +€10,118
- Reserves -€3,876
down €3,876 (-99.2%), from €3,908 to €32
- Staff costs +€24,586
up €24,586 (+24.3%), from €101,083 to €125,670
- Gross operating margin +€24,233
up €24,233 (+18.9%), from €128,059 to €152,293
- Depreciation +€8,408
up €8,408 (+40.6%), from €20,683 to €29,091
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 | €187,290 | €387,158 | +€199,867 | +107% |
| Formation expenses | 20 | €1,507 | €1,000 | -€507 | -33.7% |
| Fixed assets | 21/28 | €97,596 | €211,584 | +€113,988 | +117% |
| Intangible fixed assets | 21 | €64,549 | €161,552 | +€97,004 | +150% |
| Tangible fixed assets | 22/27 | €30,437 | €47,422 | +€16,985 | +55.8% |
| Furniture and vehicles | 24 | €30,437 | €47,422 | +€16,985 | +55.8% |
| Financial fixed assets | 28 | €2,610 | €2,610 | = | 0.0% |
| Current assets | 29/58 | €88,187 | €174,574 | +€86,387 | +98.0% |
| Amounts receivable within one year | 40/41 | €41,955 | €153,044 | +€111,089 | +265% |
| Trade receivables | 40 | €41,370 | €153,044 | +€111,674 | +270% |
| Other amounts receivable | 41 | €585 | €0 | -€585 | -100% |
| Cash at bank and in hand | 54/58 | €40,678 | €18,997 | -€21,681 | -53.3% |
| Deferred charges and accrued income | 490/1 | €5,554 | €2,533 | -€3,021 | -54.4% |
| Total equity and liabilities | 10/49 | €187,290 | €387,158 | +€199,867 | +107% |
| Equity | 10/15 | €105,908 | €102,032 | -€3,876 | -3.7% |
| Contributions | 10/11 | €102,000 | €102,000 | = | 0.0% |
| Reserves | 13 | €3,908 | €32 | -€3,876 | -99.2% |
| Distributable reserves | 133 | €3,908 | €32 | -€3,876 | -99.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €81,383 | €285,126 | +€203,743 | +250% |
| Amounts payable after more than one year | 17 | €20,599 | €112,454 | +€91,855 | +446% |
| Financial debts | 170/4 | €20,599 | €37,454 | +€16,855 | +81.8% |
| Other amounts payable | 178/9 | - | €75,000 | +€75,000 | |
| Amounts payable within one year | 42/48 | €60,784 | €172,672 | +€111,889 | +184% |
| Current portion of amounts payable after more than one year | 42 | €9,846 | €10,145 | +€299 | +3.0% |
| Trade debts | 44 | €33,150 | €129,886 | +€96,737 | +292% |
| Suppliers | 440/4 | €33,150 | €129,886 | +€96,737 | +292% |
| Taxes, remuneration and social security | 45 | €17,788 | €32,641 | +€14,853 | +83.5% |
| Taxes | 450/3 | €6,636 | €16,754 | +€10,118 | +152% |
| Remuneration and social security | 454/9 | €11,152 | €15,887 | +€4,735 | +42.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €101,083 | €125,670 | +€24,586 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,683 | €29,091 | +€8,408 | +40.6% |
| Other operating charges | 640/8 | €305 | €144 | -€161 | -52.8% |
| Gross operating margin | 9900 | €128,059 | €152,293 | +€24,233 | +18.9% |
| Operating profit (loss) | 9901 | €5,987 | -€2,612 | -€8,599 | |
| Financial income | 75/76B | €4 | €6 | +€2 | +39.9% |
| Recurring financial income | 75 | €4 | €6 | +€2 | +39.9% |
| Financial charges | 65/66B | €1,541 | €1,049 | -€492 | -31.9% |
| Recurring financial charges | 65 | €1,541 | €1,049 | -€492 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €4,450 | -€3,655 | -€8,106 | |
| Income taxes | 67/77 | €1,012 | €221 | -€791 | -78.2% |
| Profit (loss) for the period | 9904 | €3,439 | -€3,876 | -€7,315 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,439 | -€3,876 | -€7,315 |
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 31 October 2026 via checked.be.