Castor Holding: 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 Holding
Largest movements
- Receivables after one year +€4.2m
up €4.2m (+118.2%), from €3.6m to €7.8m
- Financial fixed assets +€3.2m
up €3.2m (+159.6%), from €2.0m to €5.1m
- Cash +€756,994
up €756,994 (+164.5%), from €460,282 to €1.2m
mainly Debts after one year (+€5.1m) and Other debts (+€2.9m)
- Receivables within one year +€172,534
up €172,534 (+53.7%), from €321,085 to €493,619
of which Trade receivables: +€174,240
- Debts after one year +€5.1m
new in 2025: €5.1m
- Other debts +€2.9m
up €2.9m (+46.4%), from €6.3m to €9.2m
- Reserves +€217,590
up €217,590 (+244.1%), from €89,146 to €306,736
- Gross operating margin +€171,422
up €171,422 (+544.9%), from €31,457 to €202,879
- Depreciation -€48,139
down €48,139 (-99.2%), from €48,522 to €384
- Financial charges +€19,712
up €19,712 (+2427.5%), from €812 to €20,524
- Other operating charges -€3,342
down €3,342 (-90.0%), from €3,712 to €369
- Financial income -€2,603
down €2,603 (-4.7%), from €55,103 to €52,500
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.
Cash bridge derived
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 | €6,411,394 | €14,654,545 | +€8.2m | +128.6% |
| Fixed assets | 21/28 | €2,049,579 | €5,144,253 | +€3.1m | +151.0% |
| Tangible fixed assets | 22/27 | €68,579 | €714 | -€67,866 | -99.0% |
| Plant, machinery and equipment | 23 | €1,097 | €714 | -€384 | -35.0% |
| Furniture and vehicles | 24 | €67,482 | €0 | -€67,482 | -100.0% |
| Financial fixed assets | 28 | €1,981,000 | €5,143,539 | +€3.2m | +159.6% |
| Current assets | 29/58 | €4,361,815 | €9,510,292 | +€5.1m | +118.0% |
| Amounts receivable after more than one year | 29 | €3,575,000 | €7,799,396 | +€4.2m | +118.2% |
| Other amounts receivable | 291 | €3,575,000 | €7,799,396 | +€4.2m | +118.2% |
| Amounts receivable within one year | 40/41 | €321,085 | €493,619 | +€172,534 | +53.7% |
| Trade receivables | 40 | €318,240 | €492,480 | +€174,240 | +54.8% |
| Other amounts receivable | 41 | €2,845 | €1,139 | -€1,706 | -60.0% |
| Cash at bank and in hand | 54/58 | €460,282 | €1,217,276 | +€756,994 | +164.5% |
| Deferred charges and accrued income | 490/1 | €5,447 | €0 | -€5,447 | -100.0% |
| Total equity and liabilities | 10/49 | €6,411,394 | €14,654,545 | +€8.2m | +128.6% |
| Equity | 10/15 | €109,146 | €326,736 | +€217,590 | +199.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €89,146 | €306,736 | +€217,590 | +244.1% |
| Distributable reserves | 133 | €89,146 | €306,736 | +€217,590 | +244.1% |
| Amounts payable | 17/49 | €6,302,248 | €14,327,808 | +€8.0m | +127.3% |
| Amounts payable after more than one year | 17 | - | €5,112,535 | +€5.1m | |
| Financial debts | 170/4 | - | €5,112,535 | +€5.1m | |
| Amounts payable within one year | 42/48 | €6,302,248 | €9,215,273 | +€2.9m | +46.2% |
| Trade debts | 44 | €3,517 | €4,724 | +€1,207 | +34.3% |
| Suppliers | 440/4 | €3,517 | €4,724 | +€1,207 | +34.3% |
| Taxes, remuneration and social security | 45 | €18,500 | €16,974 | -€1,526 | -8.3% |
| Taxes | 450/3 | €18,500 | €16,974 | -€1,526 | -8.3% |
| Other amounts payable | 47/48 | €6,280,231 | €9,193,575 | +€2.9m | +46.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €122,600 | +€122,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,522 | €384 | -€48,139 | -99.2% |
| Other operating charges | 640/8 | €3,712 | €369 | -€3,342 | -90.0% |
| Gross operating margin | 9900 | €31,457 | €202,879 | +€171,422 | +544.9% |
| Operating profit (loss) | 9901 | -€20,777 | €202,126 | +€222,902 | |
| Financial income | 75/76B | €55,103 | €52,500 | -€2,603 | -4.7% |
| Recurring financial income | 75 | €55,103 | €52,500 | -€2,603 | -4.7% |
| Financial charges | 65/66B | €812 | €20,524 | +€19,712 | +2427.5% |
| Recurring financial charges | 65 | €812 | €20,524 | +€19,712 | +2427.5% |
| Profit (loss) for the period before taxes | 9903 | €33,515 | €234,101 | +€200,586 | +598.5% |
| Income taxes | 67/77 | €18,500 | €16,511 | -€1,989 | -10.8% |
| Profit (loss) for the period | 9904 | €15,015 | €217,590 | +€202,575 | +1349.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,015 | €217,590 | +€202,575 | +1349.2% |
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 9 October 2026 via checked.be.