DE KASTAAR: 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 KASTAAR
Largest movements
- Cash -€209,586
down €209,586 (-60.6%), from €345,640 to €136,054
mainly Current investments (-€175,688) and Contributions, distributions and other (-€93,859)
- Current investments +€175,688
up €175,688 (+319%), from €55,080 to €230,767
- Receivables within one year +€51,027
up €51,027 (+390%), from €13,077 to €64,104
of which Trade receivables: +€50,910
- Receivables after one year +€25,921
up €25,921 (+50.7%), from €51,143 to €77,064
- Tangible fixed assets -€20,292
down €20,292 (-9.3%), from €219,160 to €198,869
of which Other tangible fixed assets: -€28,557
- Reserves +€43,863
up €43,863 (+6.9%), from €633,451 to €677,314
of which Tax-exempt reserves: +€69,465
- Staff costs +€44,274
up €44,274 (+21.9%), from €202,241 to €246,514
- Taxes -€16,132
down €16,132 (-23.6%), from €68,265 to €52,133
- Gross operating margin +€9,759
up €9,759 (+2.0%), from €477,615 to €487,374
- Depreciation -€8,070
down €8,070 (-14.2%), from €56,954 to €48,884
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 | €707,698 | €741,487 | +€33,789 | +4.8% |
| Fixed assets | 21/28 | €220,757 | €200,146 | -€20,612 | -9.3% |
| Intangible fixed assets | 21 | €1,597 | €1,277 | -€320 | -20.0% |
| Tangible fixed assets | 22/27 | €219,160 | €198,869 | -€20,292 | -9.3% |
| Plant, machinery and equipment | 23 | €42,918 | €62,770 | +€19,852 | +46.3% |
| Furniture and vehicles | 24 | €46,114 | €34,527 | -€11,587 | -25.1% |
| Other tangible fixed assets | 26 | €130,129 | €101,571 | -€28,557 | -21.9% |
| Current assets | 29/58 | €486,941 | €541,341 | +€54,400 | +11.2% |
| Amounts receivable after more than one year | 29 | €51,143 | €77,064 | +€25,921 | +50.7% |
| Other amounts receivable | 291 | €51,143 | €77,064 | +€25,921 | +50.7% |
| Stocks and contracts in progress | 3 | €15,221 | €12,858 | -€2,363 | -15.5% |
| Stocks | 30/36 | €15,221 | €12,858 | -€2,363 | -15.5% |
| Amounts receivable within one year | 40/41 | €13,077 | €64,104 | +€51,027 | +390% |
| Trade receivables | 40 | €702 | €51,612 | +€50,910 | +7,248% |
| Other amounts receivable | 41 | €12,375 | €12,492 | +€117 | +0.9% |
| Current investments | 50/53 | €55,080 | €230,767 | +€175,688 | +319% |
| Cash at bank and in hand | 54/58 | €345,640 | €136,054 | -€209,586 | -60.6% |
| Deferred charges and accrued income | 490/1 | €6,780 | €20,494 | +€13,714 | +202% |
| Total equity and liabilities | 10/49 | €707,698 | €741,487 | +€33,789 | +4.8% |
| Equity | 10/15 | €652,051 | €695,914 | +€43,863 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €633,451 | €677,314 | +€43,863 | +6.9% |
| Tax-exempt reserves | 132 | - | €69,465 | +€69,465 | |
| Distributable reserves | 133 | €633,451 | €607,849 | -€25,602 | -4.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,648 | €45,573 | -€10,074 | -18.1% |
| Amounts payable within one year | 42/48 | €55,648 | €45,573 | -€10,074 | -18.1% |
| Trade debts | 44 | €15,077 | €8,743 | -€6,334 | -42.0% |
| Suppliers | 440/4 | €15,077 | €8,743 | -€6,334 | -42.0% |
| Taxes, remuneration and social security | 45 | €37,364 | €34,959 | -€2,405 | -6.4% |
| Taxes | 450/3 | €29,009 | €23,631 | -€5,377 | -18.5% |
| Remuneration and social security | 454/9 | €8,355 | €11,328 | +€2,973 | +35.6% |
| Other amounts payable | 47/48 | €3,207 | €1,871 | -€1,336 | -41.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €6,500 | €0 | -€6,500 | -100% |
| Remuneration, social security and pensions | 62 | €202,241 | €246,514 | +€44,274 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,954 | €48,884 | -€8,070 | -14.2% |
| Other operating charges | 640/8 | €1,922 | €2,598 | +€676 | +35.2% |
| Gross operating margin | 9900 | €477,615 | €487,374 | +€9,759 | +2.0% |
| Operating profit (loss) | 9901 | €216,499 | €189,378 | -€27,121 | -12.5% |
| Financial income | 75/76B | €5,655 | €5,481 | -€174 | -3.1% |
| Recurring financial income | 75 | €5,655 | €5,481 | -€174 | -3.1% |
| Financial charges | 65/66B | €4,194 | €5,004 | +€810 | +19.3% |
| Recurring financial charges | 65 | €4,194 | €5,004 | +€810 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €217,960 | €189,855 | -€28,104 | -12.9% |
| Income taxes | 67/77 | €68,265 | €52,133 | -€16,132 | -23.6% |
| Profit (loss) for the period | 9904 | €149,694 | €137,722 | -€11,972 | -8.0% |
| Transfer to tax-exempt reserves | 689 | - | €69,465 | +€69,465 | |
| Profit (loss) for the period to be appropriated | 9905 | €149,694 | €68,257 | -€81,437 | -54.4% |
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 17 October 2026 via checked.be.