Castor Projects: 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 Projects
Largest movements
- Receivables within one year +€194,054
up €194,054 (+67.1%), from €289,355 to €483,410
of which Other amounts receivable: +€368,126
- Cash +€163,186
up €163,186 (+214.0%), from €76,265 to €239,451
mainly Trade debts (+€310,947) and Accrued charges and deferred income (+€50,110)
- Stocks and contracts +€24,887
up €24,887 (+21.3%), from €117,030 to €141,916
- Trade debts +€310,947
up €310,947 (+106.6%), from €291,768 to €602,715
- Accrued charges and deferred income +€50,110
up €50,110, from €0 to €50,110
- Advances received -€19,718
down €19,718 (-9.8%), from €201,031 to €181,314
- Provisions +€12,866
new in 2025: €12,866
- Profit (loss) carried forward +€12,152
up €12,152 (+851.6%), from €1,427 to €13,580
- Gross operating margin +€107,676
up €107,676 (+195.4%), from €55,115 to €162,791
- Staff costs +€65,356
up €65,356 (+125.2%), from €52,183 to €117,539
- Financial income -€13,739
down €13,739 (-100.0%), from €13,739 to €0
- Provisions +€12,866
new in 2025: €12,866
- Taxes +€7,610
up €7,610, from -€7 to €7,603
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 | €530,034 | €901,788 | +€371,754 | +70.1% |
| Fixed assets | 21/28 | €43,594 | €34,715 | -€8,879 | -20.4% |
| Intangible fixed assets | 21 | €42,690 | €34,715 | -€7,975 | -18.7% |
| Tangible fixed assets | 22/27 | €904 | €0 | -€904 | -100.0% |
| Furniture and vehicles | 24 | €904 | €0 | -€904 | -100.0% |
| Current assets | 29/58 | €486,440 | €867,073 | +€380,633 | +78.2% |
| Stocks and contracts in progress | 3 | €117,030 | €141,916 | +€24,887 | +21.3% |
| Stocks | 30/36 | €117,030 | €141,916 | +€24,887 | +21.3% |
| Amounts receivable within one year | 40/41 | €289,355 | €483,410 | +€194,054 | +67.1% |
| Trade receivables | 40 | €197,760 | €23,689 | -€174,071 | -88.0% |
| Other amounts receivable | 41 | €91,596 | €459,721 | +€368,126 | +401.9% |
| Cash at bank and in hand | 54/58 | €76,265 | €239,451 | +€163,186 | +214.0% |
| Deferred charges and accrued income | 490/1 | €3,789 | €2,295 | -€1,494 | -39.4% |
| Total equity and liabilities | 10/49 | €530,034 | €901,788 | +€371,754 | +70.1% |
| Equity | 10/15 | €26,427 | €38,580 | +€12,152 | +46.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,427 | €13,580 | +€12,152 | +851.6% |
| Provisions and deferred taxes | 16 | - | €12,866 | +€12,866 | |
| Provisions for liabilities and charges | 160/5 | - | €12,866 | +€12,866 | |
| Environmental obligations | 163 | - | €12,866 | +€12,866 | |
| Amounts payable | 17/49 | €503,607 | €850,342 | +€346,735 | +68.9% |
| Amounts payable within one year | 42/48 | €503,607 | €800,232 | +€296,626 | +58.9% |
| Trade debts | 44 | €291,768 | €602,715 | +€310,947 | +106.6% |
| Suppliers | 440/4 | €291,768 | €602,715 | +€310,947 | +106.6% |
| Advances received on contracts in progress | 46 | €201,031 | €181,314 | -€19,718 | -9.8% |
| Taxes, remuneration and social security | 45 | €10,808 | €16,203 | +€5,396 | +49.9% |
| Taxes | 450/3 | €5,812 | €14,397 | +€8,585 | +147.7% |
| Remuneration and social security | 454/9 | €4,995 | €1,806 | -€3,189 | -63.8% |
| Accrued charges and deferred income | 492/3 | €0 | €50,110 | +€50,110 | |
| Non-recurring operating income | 76A | - | €1,370 | +€1,370 | |
| Remuneration, social security and pensions | 62 | €52,183 | €117,539 | +€65,356 | +125.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,682 | €8,879 | -€803 | -8.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €12,866 | +€12,866 | |
| Other operating charges | 640/8 | €1,378 | €1,430 | +€52 | +3.8% |
| Gross operating margin | 9900 | €55,115 | €162,791 | +€107,676 | +195.4% |
| Operating profit (loss) | 9901 | -€8,127 | €22,077 | +€30,204 | |
| Financial income | 75/76B | €13,739 | €0 | -€13,739 | -100.0% |
| Recurring financial income | 75 | €13,739 | €0 | -€13,739 | -100.0% |
| Financial charges | 65/66B | €1,023 | €2,322 | +€1,299 | +127.0% |
| Recurring financial charges | 65 | €1,023 | €2,322 | +€1,299 | +127.0% |
| Profit (loss) for the period before taxes | 9903 | €4,589 | €19,756 | +€15,166 | +330.5% |
| Income taxes | 67/77 | -€7 | €7,603 | +€7,610 | |
| Profit (loss) for the period | 9904 | €4,596 | €12,152 | +€7,557 | +164.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,596 | €12,152 | +€7,557 | +164.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.