Castor Management: 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 Management
Largest movements
- Cash +€99,129
up €99,129 (+31.2%), from €318,032 to €417,161
mainly Net result for the year (+€101,761) and Depreciation (+€4,520)
- Tangible fixed assets -€4,520
down €4,520 (-20.3%), from €22,263 to €17,742
- Reserves +€101,761
up €101,761 (+41.2%), from €246,871 to €348,632
- Tax, wage and social debts -€7,975
down €7,975 (-9.6%), from €83,329 to €75,354
- Gross operating margin -€19,216
down €19,216 (-12.3%), from €155,723 to €136,508
- Taxes -€5,821
down €5,821 (-16.7%), from €34,808 to €28,987
- Depreciation +€4,181
up €4,181 (+1,231%), from €340 to €4,520
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 | €341,944 | €437,825 | +€95,881 | +28.0% |
| Fixed assets | 21/28 | €22,263 | €17,742 | -€4,520 | -20.3% |
| Tangible fixed assets | 22/27 | €22,263 | €17,742 | -€4,520 | -20.3% |
| Furniture and vehicles | 24 | €22,263 | €17,742 | -€4,520 | -20.3% |
| Current assets | 29/58 | €319,682 | €420,083 | +€100,401 | +31.4% |
| Cash at bank and in hand | 54/58 | €318,032 | €417,161 | +€99,129 | +31.2% |
| Deferred charges and accrued income | 490/1 | €1,649 | €2,922 | +€1,272 | +77.1% |
| Total equity and liabilities | 10/49 | €341,944 | €437,825 | +€95,881 | +28.0% |
| Equity | 10/15 | €249,871 | €351,632 | +€101,761 | +40.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €246,871 | €348,632 | +€101,761 | +41.2% |
| Distributable reserves | 133 | €246,871 | €348,632 | +€101,761 | +41.2% |
| Amounts payable | 17/49 | €92,073 | €86,193 | -€5,880 | -6.4% |
| Amounts payable within one year | 42/48 | €92,062 | €86,193 | -€5,868 | -6.4% |
| Trade debts | 44 | €887 | €2,457 | +€1,570 | +177% |
| Suppliers | 440/4 | €887 | €2,457 | +€1,570 | +177% |
| Taxes, remuneration and social security | 45 | €83,329 | €75,354 | -€7,975 | -9.6% |
| Taxes | 450/3 | €83,329 | €75,354 | -€7,975 | -9.6% |
| Other amounts payable | 47/48 | €7,845 | €8,382 | +€536 | +6.8% |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €340 | €4,520 | +€4,181 | +1,231% |
| Other operating charges | 640/8 | €487 | €644 | +€156 | +32.1% |
| Gross operating margin | 9900 | €155,723 | €136,508 | -€19,216 | -12.3% |
| Operating profit (loss) | 9901 | €154,896 | €131,343 | -€23,553 | -15.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €565 | €596 | +€31 | +5.4% |
| Recurring financial charges | 65 | €565 | €596 | +€31 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €154,331 | €130,747 | -€23,584 | -15.3% |
| Income taxes | 67/77 | €34,808 | €28,987 | -€5,821 | -16.7% |
| Profit (loss) for the period | 9904 | €119,523 | €101,761 | -€17,762 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €119,523 | €101,761 | -€17,762 | -14.9% |
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 13 October 2026 via checked.be.