CASTOR MV: 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 MV
Largest movements
- Current investments +€197,999
new in 2025: €197,999
- Receivables within one year -€69,804
down €69,804 (-84.4%), from €82,669 to €12,864
of which Trade receivables: -€76,592
- Cash -€61,285
down €61,285 (-47.4%), from €129,428 to €68,143
mainly Current investments (-€197,999) and Investment in fixed assets (net) (-€10,913)
- Tangible fixed assets +€8,276
up €8,276 (+252%), from €3,284 to €11,560
of which Furniture and vehicles: +€4,294
- Deferred charges and accrued income +€5,569
up €5,569 (+290%), from €1,917 to €7,487
- Reserves +€79,074
up €79,074 (+46.0%), from €172,037 to €251,111
- Other debts +€3,831
up €3,831 (+69.8%), from €5,487 to €9,319
- Gross operating margin -€23,197
down €23,197 (-17.1%), from €135,261 to €112,064
- Taxes -€4,008
down €4,008 (-11.3%), from €35,422 to €31,414
- Financial income +€3,620
up €3,620 (+2,095%), from €173 to €3,793
- Depreciation +€1,504
up €1,504 (+133%), from €1,133 to €2,637
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 | €217,298 | €298,053 | +€80,755 | +37.2% |
| Fixed assets | 21/28 | €3,284 | €11,560 | +€8,276 | +252% |
| Tangible fixed assets | 22/27 | €3,284 | €11,560 | +€8,276 | +252% |
| Plant, machinery and equipment | 23 | €1,405 | €1,120 | -€285 | -20.3% |
| Furniture and vehicles | 24 | €1,878 | €6,172 | +€4,294 | +229% |
| Other tangible fixed assets | 26 | - | €4,267 | +€4,267 | |
| Current assets | 29/58 | €214,014 | €286,493 | +€72,479 | +33.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €82,669 | €12,864 | -€69,804 | -84.4% |
| Trade receivables | 40 | €82,565 | €5,973 | -€76,592 | -92.8% |
| Other amounts receivable | 41 | €104 | €6,891 | +€6,788 | +6,535% |
| Current investments | 50/53 | - | €197,999 | +€197,999 | |
| Cash at bank and in hand | 54/58 | €129,428 | €68,143 | -€61,285 | -47.4% |
| Deferred charges and accrued income | 490/1 | €1,917 | €7,487 | +€5,569 | +290% |
| Total equity and liabilities | 10/49 | €217,298 | €298,053 | +€80,755 | +37.2% |
| Equity | 10/15 | €190,637 | €269,711 | +€79,074 | +41.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,037 | €251,111 | +€79,074 | +46.0% |
| Distributable reserves | 133 | €172,037 | €251,111 | +€79,074 | +46.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,661 | €28,342 | +€1,681 | +6.3% |
| Amounts payable within one year | 42/48 | €26,661 | €28,342 | +€1,681 | +6.3% |
| Financial debts | 43 | €1,187 | €453 | -€734 | -61.8% |
| Credit institutions | 430/8 | - | €453 | +€453 | |
| Other loans | 439 | €1,187 | €0 | -€1,187 | -100% |
| Trade debts | 44 | €12,531 | €13,490 | +€959 | +7.7% |
| Suppliers | 440/4 | €12,531 | €13,490 | +€959 | +7.7% |
| Taxes, remuneration and social security | 45 | €7,455 | €5,080 | -€2,375 | -31.9% |
| Taxes | 450/3 | €7,455 | €5,080 | -€2,375 | -31.9% |
| Other amounts payable | 47/48 | €5,487 | €9,319 | +€3,831 | +69.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €48 | €0 | -€48 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,133 | €2,637 | +€1,504 | +133% |
| Other operating charges | 640/8 | €1,405 | €1,252 | -€153 | -10.9% |
| Gross operating margin | 9900 | €135,261 | €112,064 | -€23,197 | -17.1% |
| Operating profit (loss) | 9901 | €132,722 | €108,175 | -€24,547 | -18.5% |
| Financial income | 75/76B | €173 | €3,793 | +€3,620 | +2,095% |
| Recurring financial income | 75 | €173 | €3,793 | +€3,620 | +2,095% |
| Financial charges | 65/66B | €1,298 | €1,480 | +€181 | +14.0% |
| Recurring financial charges | 65 | €1,298 | €1,480 | +€181 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €131,597 | €110,488 | -€21,109 | -16.0% |
| Income taxes | 67/77 | €35,422 | €31,414 | -€4,008 | -11.3% |
| Profit (loss) for the period | 9904 | €96,175 | €79,074 | -€17,101 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €96,175 | €79,074 | -€17,101 | -17.8% |
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 14 October 2026 via checked.be.