CASTOREM: 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.
CASTOREM
Largest movements
- Tangible fixed assets +€159,366
up €159,366 (+22.1%), from €722,217 to €881,582
of which Land and buildings: +€168,476
- Receivables within one year -€109,056
down €109,056 (-56.3%), from €193,814 to €84,759
of which Other amounts receivable: -€86,105
- Receivables after one year +€90,700
new in 2025: €90,700
- Cash -€25,128
down €25,128 (-49.6%), from €50,614 to €25,487
mainly Investment in fixed assets (net) (-€230,652) and Receivables after one year (-€90,700)
- Reserves +€357,489
up €357,489 (+788.1%), from €45,360 to €402,850
of which Distributable reserves: +€357,489
- Profit (loss) carried forward -€308,966
down €308,966 (-100.0%), from €308,966 to €0
- Debts after one year +€75,268
up €75,268 (+14.5%), from €519,047 to €594,316
of which Financial debts: +€74,068
- Current portion of long-term debt +€11,505
up €11,505 (+33.8%), from €34,070 to €45,575
- Gross operating margin -€23,836
down €23,836 (-12.7%), from €187,126 to €163,290
- Depreciation +€11,078
up €11,078 (+18.4%), from €60,209 to €71,287
- Taxes -€4,899
down €4,899 (-19.3%), from €25,339 to €20,440
- Financial income -€2,865
down €2,865 (-57.5%), from €4,985 to €2,121
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 | €979,935 | €1,094,636 | +€114,701 | +11.7% |
| Fixed assets | 21/28 | €723,179 | €882,545 | +€159,366 | +22.0% |
| Tangible fixed assets | 22/27 | €722,217 | €881,582 | +€159,366 | +22.1% |
| Land and buildings | 22 | €615,728 | €784,204 | +€168,476 | +27.4% |
| Plant, machinery and equipment | 23 | €33,308 | €41,310 | +€8,003 | +24.0% |
| Furniture and vehicles | 24 | €72,614 | €55,791 | -€16,823 | -23.2% |
| Other tangible fixed assets | 26 | €567 | €277 | -€290 | -51.1% |
| Financial fixed assets | 28 | €963 | €963 | = | 0.0% |
| Current assets | 29/58 | €256,755 | €212,091 | -€44,664 | -17.4% |
| Amounts receivable after more than one year | 29 | - | €90,700 | +€90,700 | |
| Other amounts receivable | 291 | - | €90,700 | +€90,700 | |
| Amounts receivable within one year | 40/41 | €193,814 | €84,759 | -€109,056 | -56.3% |
| Trade receivables | 40 | €42,812 | €19,862 | -€22,950 | -53.6% |
| Other amounts receivable | 41 | €151,002 | €64,897 | -€86,105 | -57.0% |
| Cash at bank and in hand | 54/58 | €50,614 | €25,487 | -€25,128 | -49.6% |
| Deferred charges and accrued income | 490/1 | €12,327 | €11,146 | -€1,181 | -9.6% |
| Total equity and liabilities | 10/49 | €979,935 | €1,094,636 | +€114,701 | +11.7% |
| Equity | 10/15 | €372,926 | €421,450 | +€48,523 | +13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,360 | €402,850 | +€357,489 | +788.1% |
| Tax-exempt reserves | 132 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €41,860 | €399,349 | +€357,489 | +854.0% |
| Profit (loss) carried forward | 14 | €308,966 | €0 | -€308,966 | -100.0% |
| Amounts payable | 17/49 | €607,009 | €673,187 | +€66,178 | +10.9% |
| Amounts payable after more than one year | 17 | €519,047 | €594,316 | +€75,268 | +14.5% |
| Financial debts | 170/4 | €514,122 | €588,191 | +€74,068 | +14.4% |
| Other amounts payable | 178/9 | €4,925 | €6,125 | +€1,200 | +24.4% |
| Amounts payable within one year | 42/48 | €85,609 | €78,871 | -€6,738 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €34,070 | €45,575 | +€11,505 | +33.8% |
| Financial debts | 43 | - | €0 | = | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €12,469 | €2,158 | -€10,311 | -82.7% |
| Suppliers | 440/4 | €12,469 | €2,158 | -€10,311 | -82.7% |
| Advances received on contracts in progress | 46 | - | €1,875 | +€1,875 | |
| Taxes, remuneration and social security | 45 | €39,069 | €29,262 | -€9,807 | -25.1% |
| Taxes | 450/3 | €39,069 | €29,262 | -€9,807 | -25.1% |
| Accrued charges and deferred income | 492/3 | €2,353 | €0 | -€2,353 | -100.0% |
| Non-recurring operating income | 76A | €5,425 | €0 | -€5,425 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,209 | €71,287 | +€11,078 | +18.4% |
| Other operating charges | 640/8 | €5,467 | €4,006 | -€1,461 | -26.7% |
| Non-recurring operating charges | 66A | €181 | €0 | -€181 | -100.0% |
| Gross operating margin | 9900 | €187,126 | €163,290 | -€23,836 | -12.7% |
| Operating profit (loss) | 9901 | €121,269 | €87,997 | -€33,272 | -27.4% |
| Financial income | 75/76B | €4,985 | €2,121 | -€2,865 | -57.5% |
| Recurring financial income | 75 | €4,985 | €2,121 | -€2,865 | -57.5% |
| Financial charges | 65/66B | €21,114 | €21,155 | +€41 | +0.2% |
| Recurring financial charges | 65 | €21,114 | €21,155 | +€41 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €105,141 | €68,963 | -€36,177 | -34.4% |
| Income taxes | 67/77 | €25,339 | €20,440 | -€4,899 | -19.3% |
| Profit (loss) for the period | 9904 | €79,802 | €48,523 | -€31,278 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €79,802 | €48,523 | -€31,278 | -39.2% |
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 6 October 2026 via checked.be.