De Kastanje: what changed
What changed
De Kastanje
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€5,718
2024 · -€2,365+€8,082
Equity
€1.1m
2024 · €197,635+€855,718
Cash
€246,630
2024 · €168,240+€78,390
Balance sheet total
€4.9m
2024 · €197,635+€4.7m
Largest movements
Assets
- Tangible fixed assets +€4.6m
up €4.6m (+16,007%), from €29,000 to €4.7m
- Cash +€78,390
up €78,390 (+46.6%), from €168,240 to €246,630
mainly Current portion of long-term debt (+€2.8m) and Other debts (+€925,000)
Equity and liabilities
- Current portion of long-term debt +€2.8m
new in 2025: €2.8m
- Other debts +€925,000
new in 2025: €925,000
- Contributions +€850,000
up €850,000 (+425%), from €200,000 to €1.1m
Income statement
- Gross operating margin +€304,641
up €304,641, from -€2,318 to €302,322
- Depreciation +€254,978
new in 2025: €254,978
- Financial charges +€28,625
up €28,625 (+56,128%), from €51 to €28,676
- Other operating charges +€11,431
up €11,431 (+871%), from €1,312 to €12,743
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€2,365
Gross operating margin
+€304,641
Depreciation
-€254,978
Other operating charges
-€11,431
Financial income
-€381
Financial charges
-€28,625
Taxes
-€1,143
Result 2025
€5,718
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.3m
Investment
-€4.9m
Financing
+€3.7m
Cash 2024
€168,240
From operations (derived)
+€1.3m
Net result for the year
+€5,718
Depreciation
+€254,978
Smaller working-capital items
-€235
Trade debts
+€19,751
Tax, wage and social debts
+€48,122
Other debts
+€925,000
Accrued charges and deferred income
+€45,063
Investment (derived)
-€4.9m
Investment in fixed assets (net)
-€4.9m
Financing
+€3.7m
Current portion of long-term debt
+€2.8m
Contributions, distributions and other
+€850,000
Cash 2025
€246,630
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €197,635 | €4,918,905 | +€4.7m | +2,389% |
| Fixed assets | 21/28 | €29,000 | €4,671,030 | +€4.6m | +16,007% |
| Tangible fixed assets | 22/27 | €29,000 | €4,671,030 | +€4.6m | +16,007% |
| Other tangible fixed assets | 26 | €29,000 | €4,671,030 | +€4.6m | +16,007% |
| Current assets | 29/58 | €168,635 | €247,875 | +€79,239 | +47.0% |
| Amounts receivable within one year | 40/41 | €395 | €395 | = | 0.0% |
| Other amounts receivable | 41 | €395 | €395 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €168,240 | €246,630 | +€78,390 | +46.6% |
| Deferred charges and accrued income | 490/1 | - | €850 | +€850 | |
| Total equity and liabilities | 10/49 | €197,635 | €4,918,905 | +€4.7m | +2,389% |
| Equity | 10/15 | €197,635 | €1,053,353 | +€855,718 | +433% |
| Contributions | 10/11 | €200,000 | €1,050,000 | +€850,000 | +425% |
| Reserves | 13 | - | €3,353 | +€3,353 | |
| Distributable reserves | 133 | - | €3,353 | +€3,353 | |
| Profit (loss) carried forward | 14 | -€2,365 | - | +€2,365 | |
| Amounts payable | 17/49 | - | €3,865,552 | +€3.9m | |
| Amounts payable within one year | 42/48 | - | €3,820,488 | +€3.8m | |
| Current portion of amounts payable after more than one year | 42 | - | €2,827,000 | +€2.8m | |
| Trade debts | 44 | - | €19,751 | +€19,751 | |
| Suppliers | 440/4 | - | €19,751 | +€19,751 | |
| Advances received on contracts in progress | 46 | - | €615 | +€615 | |
| Taxes, remuneration and social security | 45 | - | €48,122 | +€48,122 | |
| Taxes | 450/3 | - | €48,122 | +€48,122 | |
| Other amounts payable | 47/48 | - | €925,000 | +€925,000 | |
| Accrued charges and deferred income | 492/3 | - | €45,063 | +€45,063 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €254,978 | +€254,978 | |
| Other operating charges | 640/8 | €1,312 | €12,743 | +€11,431 | +871% |
| Gross operating margin | 9900 | -€2,318 | €302,322 | +€304,641 | |
| Operating profit (loss) | 9901 | -€3,630 | €34,601 | +€38,231 | |
| Financial income | 75/76B | €1,316 | €936 | -€381 | -28.9% |
| Recurring financial income | 75 | €1,316 | €936 | -€381 | -28.9% |
| Financial charges | 65/66B | €51 | €28,676 | +€28,625 | +56,128% |
| Recurring financial charges | 65 | €51 | €28,676 | +€28,625 | +56,128% |
| Profit (loss) for the period before taxes | 9903 | -€2,365 | €6,861 | +€9,225 | |
| Income taxes | 67/77 | - | €1,143 | +€1,143 | |
| Profit (loss) for the period | 9904 | -€2,365 | €5,718 | +€8,082 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,365 | €5,718 | +€8,082 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.