DOKTER CASTEELS: 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.
DOKTER CASTEELS
Largest movements
- Current investments +€254,251
up €254,251 (+105%), from €242,517 to €496,769
- Receivables after one year -€194,675
down €194,675 (-100%), from €194,675 to €0
- Cash -€132,022
down €132,022 (-53.1%), from €248,839 to €116,817
mainly Current investments (-€254,251) and Other debts (-€85,135)
- Deferred charges and accrued income +€18,220
up €18,220 (+11.0%), from €165,416 to €183,636
- Other debts -€85,135
down €85,135 (-100%), from €85,135 to €0
- Reserves +€37,332
up €37,332 (+5.2%), from €722,882 to €760,213
of which Distributable reserves: +€37,332
- Financial charges +€186,560
up €186,560 (+2,231%), from €8,361 to €194,921
of which Non-recurring financial charges: +€186,835
- Taxes -€59,474
down €59,474 (-79.5%), from €74,836 to €15,362
- Gross operating margin -€8,770
down €8,770 (-3.5%), from €251,075 to €242,305
- Financial income +€2,998
up €2,998 (+58.1%), from €5,160 to €8,158
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 | €857,088 | €805,660 | -€51,428 | -6.0% |
| Fixed assets | 21/28 | €5,640 | €4,143 | -€1,498 | -26.6% |
| Tangible fixed assets | 22/27 | €5,640 | €4,143 | -€1,498 | -26.6% |
| Plant, machinery and equipment | 23 | €1,201 | €591 | -€610 | -50.8% |
| Other tangible fixed assets | 26 | €4,439 | €3,551 | -€888 | -20.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €851,447 | €801,517 | -€49,931 | -5.9% |
| Amounts receivable after more than one year | 29 | €194,675 | €0 | -€194,675 | -100% |
| Other amounts receivable | 291 | €194,675 | €0 | -€194,675 | -100% |
| Amounts receivable within one year | 40/41 | - | €4,295 | +€4,295 | |
| Other amounts receivable | 41 | - | €4,295 | +€4,295 | |
| Current investments | 50/53 | €242,517 | €496,769 | +€254,251 | +105% |
| Cash at bank and in hand | 54/58 | €248,839 | €116,817 | -€132,022 | -53.1% |
| Deferred charges and accrued income | 490/1 | €165,416 | €183,636 | +€18,220 | +11.0% |
| Total equity and liabilities | 10/49 | €857,088 | €805,660 | -€51,428 | -6.0% |
| Equity | 10/15 | €741,882 | €779,213 | +€37,332 | +5.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €722,882 | €760,213 | +€37,332 | +5.2% |
| Tax-exempt reserves | 132 | €152 | €152 | = | 0.0% |
| Distributable reserves | 133 | €722,730 | €760,061 | +€37,332 | +5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €115,206 | €26,446 | -€88,760 | -77.0% |
| Amounts payable within one year | 42/48 | €115,206 | €26,446 | -€88,760 | -77.0% |
| Trade debts | 44 | €4,426 | €791 | -€3,635 | -82.1% |
| Suppliers | 440/4 | €4,426 | €791 | -€3,635 | -82.1% |
| Taxes, remuneration and social security | 45 | €25,646 | €25,655 | +€9 | 0.0% |
| Taxes | 450/3 | €25,646 | €25,655 | +€9 | 0.0% |
| Other amounts payable | 47/48 | €85,135 | €0 | -€85,135 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,498 | €1,498 | = | 0.0% |
| Other operating charges | 640/8 | €1,320 | €1,351 | +€31 | +2.3% |
| Gross operating margin | 9900 | €251,075 | €242,305 | -€8,770 | -3.5% |
| Operating profit (loss) | 9901 | €248,258 | €239,457 | -€8,801 | -3.5% |
| Financial income | 75/76B | €5,160 | €8,158 | +€2,998 | +58.1% |
| Recurring financial income | 75 | €5,160 | €8,158 | +€2,998 | +58.1% |
| Financial charges | 65/66B | €8,361 | €194,921 | +€186,560 | +2,231% |
| Recurring financial charges | 65 | €522 | €246 | -€275 | -52.8% |
| Non-recurring financial charges | 66B | €7,840 | €194,675 | +€186,835 | +2,383% |
| Profit (loss) for the period before taxes | 9903 | €245,056 | €52,694 | -€192,363 | -78.5% |
| Income taxes | 67/77 | €74,836 | €15,362 | -€59,474 | -79.5% |
| Profit (loss) for the period | 9904 | €170,221 | €37,332 | -€132,889 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €170,221 | €37,332 | -€132,889 | -78.1% |
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 18 October 2026 via checked.be.