De Castaer: 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.
De Castaer
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€75,084
down €75,084 (-40.2%), from €186,966 to €111,882
mainly Current investments (-€100,000) and Debts after one year (-€50,000)
- Tangible fixed assets +€4,265
up €4,265 (+11.7%), from €36,609 to €40,874
of which Land and buildings: +€3,395
- Profit (loss) carried forward +€89,251
up €89,251 (+62.8%), from €142,150 to €231,401
- Debts after one year -€50,000
no longer reported in 2025 (was €50,000)
- Trade debts -€8,820
down €8,820 (-49.2%), from €17,944 to €9,124
- Other debts +€5,100
up €5,100 (+4,579%), from €111 to €5,211
- Tax, wage and social debts -€4,304
down €4,304 (-28.4%), from €15,177 to €10,873
of which Taxes: -€3,228
- Gross operating margin -€116,113
down €116,113 (-44.9%), from €258,536 to €142,423
- Taxes -€44,076
down €44,076 (-99.8%), from €44,173 to €97
- Staff costs -€17,442
down €17,442 (-28.2%), from €61,955 to €44,513
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 | €235,383 | €266,609 | +€31,227 | +13.3% |
| Fixed assets | 21/28 | €48,120 | €52,385 | +€4,265 | +8.9% |
| Tangible fixed assets | 22/27 | €36,609 | €40,874 | +€4,265 | +11.7% |
| Land and buildings | 22 | - | €3,395 | +€3,395 | |
| Plant, machinery and equipment | 23 | €28,471 | €26,871 | -€1,599 | -5.6% |
| Furniture and vehicles | 24 | €8,138 | €10,608 | +€2,470 | +30.3% |
| Financial fixed assets | 28 | €11,511 | €11,511 | = | 0.0% |
| Current assets | 29/58 | €187,263 | €214,224 | +€26,962 | +14.4% |
| Amounts receivable within one year | 40/41 | €296 | €2,342 | +€2,045 | +690% |
| Trade receivables | 40 | €296 | €916 | +€619 | +209% |
| Other amounts receivable | 41 | - | €1,426 | +€1,426 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €186,966 | €111,882 | -€75,084 | -40.2% |
| Total equity and liabilities | 10/49 | €235,383 | €266,609 | +€31,227 | +13.3% |
| Equity | 10/15 | €152,150 | €241,401 | +€89,251 | +58.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,150 | €231,401 | +€89,251 | +62.8% |
| Amounts payable | 17/49 | €83,233 | €25,208 | -€58,025 | -69.7% |
| Amounts payable after more than one year | 17 | €50,000 | - | -€50,000 | |
| Financial debts | 170/4 | €50,000 | - | -€50,000 | |
| Amounts payable within one year | 42/48 | €33,233 | €25,208 | -€8,025 | -24.1% |
| Trade debts | 44 | €17,944 | €9,124 | -€8,820 | -49.2% |
| Suppliers | 440/4 | €17,944 | €9,124 | -€8,820 | -49.2% |
| Taxes, remuneration and social security | 45 | €15,177 | €10,873 | -€4,304 | -28.4% |
| Taxes | 450/3 | €7,161 | €3,932 | -€3,228 | -45.1% |
| Remuneration and social security | 454/9 | €8,017 | €6,940 | -€1,076 | -13.4% |
| Other amounts payable | 47/48 | €111 | €5,211 | +€5,100 | +4,579% |
| Remuneration, social security and pensions | 62 | €61,955 | €44,513 | -€17,442 | -28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,968 | €6,038 | +€70 | +1.2% |
| Other operating charges | 640/8 | €1,595 | €2,059 | +€464 | +29.1% |
| Gross operating margin | 9900 | €258,536 | €142,423 | -€116,113 | -44.9% |
| Operating profit (loss) | 9901 | €189,018 | €89,814 | -€99,204 | -52.5% |
| Financial income | 75/76B | €1,241 | €1,453 | +€212 | +17.1% |
| Recurring financial income | 75 | €1,241 | €1,453 | +€212 | +17.1% |
| Financial charges | 65/66B | €3,937 | €1,918 | -€2,018 | -51.3% |
| Recurring financial charges | 65 | €3,937 | €1,918 | -€2,018 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €186,322 | €89,348 | -€96,974 | -52.0% |
| Income taxes | 67/77 | €44,173 | €97 | -€44,076 | -99.8% |
| Profit (loss) for the period | 9904 | €142,150 | €89,251 | -€52,898 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €142,150 | €89,251 | -€52,898 | -37.2% |
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 19 October 2026 via checked.be.