Filip van de Casteele: what changed
Filip van de Casteele
Largest movements
- Cash -€22,032
down €22,032 (-65.9%), from €33,414 to €11,382
mainly Net result for the year (-€26,016) and Receivables within one year (-€6,195)
- Receivables within one year +€6,195
up €6,195 (+12.8%), from €48,437 to €54,632
of which Trade receivables: +€9,448
- Stocks and contracts -€1,458
down €1,458 (-59.3%), from €2,459 to €1,001
- Profit (loss) carried forward -€26,016
new in 2025: -€26,016
- Tax, wage and social debts +€5,090
up €5,090 (+96.4%), from €5,279 to €10,369
of which Taxes: +€5,090
- Trade debts +€3,167
up €3,167 (+31.0%), from €10,228 to €13,395
- Gross operating margin -€57,735
down €57,735, from €35,275 to -€22,460
- Taxes -€4,029
no longer reported in 2025 (was €4,029)
- Depreciation +€604
up €604 (+20.8%), from €2,900 to €3,504
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,815 | €70,056 | -€17,759 | -20.2% |
| Fixed assets | 21/28 | €2,900 | €2,418 | -€482 | -16.6% |
| Tangible fixed assets | 22/27 | €2,900 | €2,418 | -€482 | -16.6% |
| Furniture and vehicles | 24 | €2,900 | €2,418 | -€482 | -16.6% |
| Current assets | 29/58 | €84,915 | €67,639 | -€17,276 | -20.3% |
| Stocks and contracts in progress | 3 | €2,459 | €1,001 | -€1,458 | -59.3% |
| Stocks | 30/36 | €2,459 | €1,001 | -€1,458 | -59.3% |
| Amounts receivable within one year | 40/41 | €48,437 | €54,632 | +€6,195 | +12.8% |
| Trade receivables | 40 | €41,466 | €50,914 | +€9,448 | +22.8% |
| Other amounts receivable | 41 | €6,970 | €3,718 | -€3,252 | -46.7% |
| Cash at bank and in hand | 54/58 | €33,414 | €11,382 | -€22,032 | -65.9% |
| Deferred charges and accrued income | 490/1 | €606 | €624 | +€18 | +3.0% |
| Total equity and liabilities | 10/49 | €87,815 | €70,056 | -€17,759 | -20.2% |
| Equity | 10/15 | €72,308 | €46,292 | -€26,016 | -36.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,708 | €53,708 | = | 0.0% |
| Distributable reserves | 133 | €53,708 | €53,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,016 | -€26,016 | |
| Amounts payable | 17/49 | €15,507 | €23,764 | +€8,257 | +53.3% |
| Amounts payable within one year | 42/48 | €15,507 | €23,764 | +€8,257 | +53.3% |
| Trade debts | 44 | €10,228 | €13,395 | +€3,167 | +31.0% |
| Suppliers | 440/4 | €10,228 | €13,395 | +€3,167 | +31.0% |
| Taxes, remuneration and social security | 45 | €5,279 | €10,369 | +€5,090 | +96.4% |
| Taxes | 450/3 | €4,029 | €9,119 | +€5,090 | +126% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Non-recurring operating income | 76A | €216 | €216 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,900 | €3,504 | +€604 | +20.8% |
| Gross operating margin | 9900 | €35,275 | -€22,460 | -€57,735 | |
| Operating profit (loss) | 9901 | €32,375 | -€25,964 | -€58,339 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €42 | €52 | +€9 | +21.6% |
| Recurring financial charges | 65 | €42 | €52 | +€9 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €32,333 | -€26,016 | -€58,348 | |
| Income taxes | 67/77 | €4,029 | - | -€4,029 | |
| Profit (loss) for the period | 9904 | €28,304 | -€26,016 | -€54,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,304 | -€26,016 | -€54,320 |
Next steps
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 3 November 2026 via checked.be.