CASTOR: 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.
CASTOR
Largest movements
- Deferred charges and accrued income +€35,834
new in 2025: €35,834
- Debts after one year -€136,713
down €136,713 (-22.2%), from €615,201 to €478,488
- Reserves +€108,836
up €108,836 (+91.5%), from €119,011 to €227,847
- Other debts +€45,740
up €45,740 (+189%), from €24,253 to €69,993
- Tax, wage and social debts +€25,679
up €25,679 (+436%), from €5,884 to €31,563
of which Taxes: +€25,679
- Financial income -€116,167
down €116,167 (-70.0%), from €166,001 to €49,834
- Gross operating margin +€95,338
up €95,338 (+874%), from €10,907 to €106,245
- Financial charges -€30,162
down €30,162 (-54.2%), from €55,666 to €25,503
- Taxes +€20,484
up €20,484 (+12,837%), from €160 to €20,644
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 | €906,593 | €953,497 | +€46,904 | +5.2% |
| Fixed assets | 21/28 | €902,217 | €901,379 | -€838 | -0.1% |
| Tangible fixed assets | 22/27 | €2,217 | €1,379 | -€838 | -37.8% |
| Furniture and vehicles | 24 | €2,217 | €1,379 | -€838 | -37.8% |
| Financial fixed assets | 28 | €900,000 | €900,000 | = | 0.0% |
| Current assets | 29/58 | €4,376 | €52,118 | +€47,742 | +1,091% |
| Amounts receivable within one year | 40/41 | - | €6,637 | +€6,637 | |
| Trade receivables | 40 | - | €6,637 | +€6,637 | |
| Cash at bank and in hand | 54/58 | €4,376 | €9,646 | +€5,270 | +120% |
| Deferred charges and accrued income | 490/1 | - | €35,834 | +€35,834 | |
| Total equity and liabilities | 10/49 | €906,593 | €953,497 | +€46,904 | +5.2% |
| Equity | 10/15 | €124,011 | €232,847 | +€108,836 | +87.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €119,011 | €227,847 | +€108,836 | +91.5% |
| Distributable reserves | 133 | €119,011 | €227,847 | +€108,836 | +91.5% |
| Amounts payable | 17/49 | €782,582 | €720,650 | -€61,932 | -7.9% |
| Amounts payable after more than one year | 17 | €615,201 | €478,488 | -€136,713 | -22.2% |
| Financial debts | 170/4 | €615,201 | €478,488 | -€136,713 | -22.2% |
| Amounts payable within one year | 42/48 | €164,110 | €239,744 | +€75,634 | +46.1% |
| Current portion of amounts payable after more than one year | 42 | €133,051 | €136,713 | +€3,662 | +2.8% |
| Trade debts | 44 | €921 | €1,474 | +€553 | +60.1% |
| Suppliers | 440/4 | €921 | €1,474 | +€553 | +60.1% |
| Taxes, remuneration and social security | 45 | €5,884 | €31,563 | +€25,679 | +436% |
| Taxes | 450/3 | €3,572 | €29,251 | +€25,679 | +719% |
| Remuneration and social security | 454/9 | €2,312 | €2,312 | = | 0.0% |
| Other amounts payable | 47/48 | €24,253 | €69,993 | +€45,740 | +189% |
| Accrued charges and deferred income | 492/3 | €3,272 | €2,419 | -€853 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,464 | €838 | -€626 | -42.8% |
| Other operating charges | 640/8 | €608 | €258 | -€350 | -57.6% |
| Gross operating margin | 9900 | €10,907 | €106,245 | +€95,338 | +874% |
| Operating profit (loss) | 9901 | €8,835 | €105,149 | +€96,314 | +1,090% |
| Financial income | 75/76B | €166,001 | €49,834 | -€116,167 | -70.0% |
| Recurring financial income | 75 | €166,001 | €49,834 | -€116,167 | -70.0% |
| Financial charges | 65/66B | €55,666 | €25,503 | -€30,162 | -54.2% |
| Recurring financial charges | 65 | €55,666 | €25,503 | -€30,162 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €119,170 | €129,480 | +€10,309 | +8.7% |
| Income taxes | 67/77 | €160 | €20,644 | +€20,484 | +12,837% |
| Profit (loss) for the period | 9904 | €119,011 | €108,836 | -€10,175 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €119,011 | €108,836 | -€10,175 | -8.5% |
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 25 October 2026 via checked.be.