CASTOR - IMMO: what changed
Two fiscal 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 - IMMO
Largest movements
- Tangible fixed assets +€118,531
up €118,531 (+30.6%), from €387,436 to €505,967
- Current investments -€70,194
down €70,194 (-100.0%), from €70,214 to €20
- Cash -€40,440
down €40,440 (-87.6%), from €46,179 to €5,738
mainly Investment in fixed assets (net) (-€146,695) and Receivables within one year (-€19,960)
- Receivables within one year +€19,960
up €19,960 (+2686.5%), from €743 to €20,703
of which Other amounts receivable: +€20,703
- Debts after one year +€21,000
up €21,000 (+10.0%), from €209,000 to €230,000
of which Other amounts payable: +€40,000
- Profit (loss) carried forward +€17,035
up €17,035 (+39.1%), from €43,565 to €60,600
- Reserves -€5,364
down €5,364 (-3.4%), from €160,014 to €154,649
of which Tax-exempt reserves: -€5,364
- Depreciation +€13,741
up €13,741 (+95.3%), from €14,424 to €28,164
- Taxes -€5,916
down €5,916 (-50.7%), from €11,661 to €5,745
- Gross operating margin -€1,883
down €1,883 (-3.9%), from €48,690 to €46,808
- Financial income -€500
down €500 (-25.1%), from €1,994 to €1,494
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 | €504,572 | €532,428 | +€27,857 | +5.5% |
| Fixed assets | 21/28 | €387,436 | €505,967 | +€118,531 | +30.6% |
| Tangible fixed assets | 22/27 | €387,436 | €505,967 | +€118,531 | +30.6% |
| Land and buildings | 22 | €387,436 | €505,967 | +€118,531 | +30.6% |
| Current assets | 29/58 | €117,136 | €26,462 | -€90,674 | -77.4% |
| Amounts receivable within one year | 40/41 | €743 | €20,703 | +€19,960 | +2686.5% |
| Trade receivables | 40 | €743 | - | -€743 | |
| Other amounts receivable | 41 | - | €20,703 | +€20,703 | |
| Current investments | 50/53 | €70,214 | €20 | -€70,194 | -100.0% |
| Cash at bank and in hand | 54/58 | €46,179 | €5,738 | -€40,440 | -87.6% |
| Total equity and liabilities | 10/49 | €504,572 | €532,428 | +€27,857 | +5.5% |
| Equity | 10/15 | €204,818 | €216,488 | +€11,670 | +5.7% |
| Contributions | 10/11 | €1,239 | €1,239 | = | 0.0% |
| Reserves | 13 | €160,014 | €154,649 | -€5,364 | -3.4% |
| Non-distributable reserves | 130/1 | €273 | €273 | = | 0.0% |
| Reserves not available under the articles | 1311 | €273 | €273 | = | 0.0% |
| Tax-exempt reserves | 132 | €159,741 | €154,377 | -€5,364 | -3.4% |
| Profit (loss) carried forward | 14 | €43,565 | €60,600 | +€17,035 | +39.1% |
| Provisions and deferred taxes | 16 | €53,247 | €51,459 | -€1,788 | -3.4% |
| Deferred taxes | 168 | €53,247 | €51,459 | -€1,788 | -3.4% |
| Amounts payable | 17/49 | €246,507 | €264,481 | +€17,974 | +7.3% |
| Amounts payable after more than one year | 17 | €209,000 | €230,000 | +€21,000 | +10.0% |
| Financial debts | 170/4 | €209,000 | €190,000 | -€19,000 | -9.1% |
| Other amounts payable | 178/9 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €36,617 | €34,481 | -€2,136 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €19,000 | €19,000 | +€0 | 0.0% |
| Trade debts | 44 | €50 | €192 | +€142 | +284.8% |
| Suppliers | 440/4 | €50 | €192 | +€142 | +284.8% |
| Taxes, remuneration and social security | 45 | €1,064 | - | -€1,064 | |
| Taxes | 450/3 | €1,064 | - | -€1,064 | |
| Other amounts payable | 47/48 | €16,504 | €15,289 | -€1,216 | -7.4% |
| Accrued charges and deferred income | 492/3 | €889 | - | -€889 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,424 | €28,164 | +€13,741 | +95.3% |
| Other operating charges | 640/8 | €637 | €600 | -€38 | -5.9% |
| Gross operating margin | 9900 | €48,690 | €46,808 | -€1,883 | -3.9% |
| Operating profit (loss) | 9901 | €33,630 | €18,044 | -€15,586 | -46.3% |
| Financial income | 75/76B | €1,994 | €1,494 | -€500 | -25.1% |
| Recurring financial income | 75 | €1,994 | €1,494 | -€500 | -25.1% |
| Financial charges | 65/66B | €3,610 | €3,911 | +€301 | +8.4% |
| Recurring financial charges | 65 | €3,610 | €3,911 | +€301 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €32,014 | €15,627 | -€16,387 | -51.2% |
| Transfer from deferred taxes | 780 | €3,978 | €1,788 | -€2,190 | -55.0% |
| Income taxes | 67/77 | €11,661 | €5,745 | -€5,916 | -50.7% |
| Profit (loss) for the period | 9904 | €24,332 | €11,670 | -€12,661 | -52.0% |
| Transfer from tax-exempt reserves | 789 | €11,934 | €5,364 | -€6,569 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,266 | €17,035 | -€19,231 | -53.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.