Het Kastenatelier: what changed
Het Kastenatelier
Largest movements
- Cash +€160,236
up €160,236 (+119%), from €134,504 to €294,740
mainly Current investments (+€150,000) and Depreciation (+€35,128)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Tangible fixed assets -€32,868
down €32,868 (-21.6%), from €151,897 to €119,029
of which Plant, machinery and equipment: -€26,757
- Receivables within one year -€21,564
down €21,564 (-17.6%), from €122,537 to €100,973
of which Trade receivables: -€39,933
- Intangible fixed assets +€9,294
new in 2025: €9,294
- Debts after one year -€36,975
down €36,975 (-78.5%), from €47,089 to €10,114
- Reserves +€23,236
up €23,236 (+5.1%), from €455,905 to €479,142
- Trade debts -€10,222
down €10,222 (-39.1%), from €26,134 to €15,912
- Tax, wage and social debts -€7,166
down €7,166 (-19.0%), from €37,772 to €30,606
of which Taxes: -€11,121
- Gross operating margin -€85,163
down €85,163 (-40.1%), from €212,201 to €127,038
- Taxes -€20,500
down €20,500 (-77.7%), from €26,383 to €5,884
- Staff costs +€17,060
up €17,060 (+36.3%), from €47,000 to €64,059
- Financial income +€3,110
up €3,110 (+98.5%), from €3,157 to €6,267
of which Financial income: +€5,702
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 | €646,136 | €613,537 | -€32,600 | -5.0% |
| Fixed assets | 21/28 | €152,791 | €129,216 | -€23,575 | -15.4% |
| Intangible fixed assets | 21 | - | €9,294 | +€9,294 | |
| Tangible fixed assets | 22/27 | €151,897 | €119,029 | -€32,868 | -21.6% |
| Plant, machinery and equipment | 23 | €130,099 | €103,342 | -€26,757 | -20.6% |
| Furniture and vehicles | 24 | €21,798 | €15,687 | -€6,112 | -28.0% |
| Financial fixed assets | 28 | €894 | €894 | = | 0.0% |
| Current assets | 29/58 | €493,345 | €484,320 | -€9,025 | -1.8% |
| Stocks and contracts in progress | 3 | €82,436 | €83,663 | +€1,228 | +1.5% |
| Stocks | 30/36 | €82,436 | €83,663 | +€1,228 | +1.5% |
| Amounts receivable within one year | 40/41 | €122,537 | €100,973 | -€21,564 | -17.6% |
| Trade receivables | 40 | €122,233 | €82,300 | -€39,933 | -32.7% |
| Other amounts receivable | 41 | €303 | €18,673 | +€18,370 | +6,055% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €134,504 | €294,740 | +€160,236 | +119% |
| Deferred charges and accrued income | 490/1 | €3,869 | €4,943 | +€1,074 | +27.8% |
| Total equity and liabilities | 10/49 | €646,136 | €613,537 | -€32,600 | -5.0% |
| Equity | 10/15 | €495,905 | €519,142 | +€23,236 | +4.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €455,905 | €479,142 | +€23,236 | +5.1% |
| Distributable reserves | 133 | €455,905 | €479,142 | +€23,236 | +5.1% |
| Amounts payable | 17/49 | €150,231 | €94,395 | -€55,836 | -37.2% |
| Amounts payable after more than one year | 17 | €47,089 | €10,114 | -€36,975 | -78.5% |
| Financial debts | 170/4 | €47,089 | €10,114 | -€36,975 | -78.5% |
| Amounts payable within one year | 42/48 | €103,142 | €84,281 | -€18,861 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €38,683 | €36,975 | -€1,708 | -4.4% |
| Trade debts | 44 | €26,134 | €15,912 | -€10,222 | -39.1% |
| Suppliers | 440/4 | €26,134 | €15,912 | -€10,222 | -39.1% |
| Taxes, remuneration and social security | 45 | €37,772 | €30,606 | -€7,166 | -19.0% |
| Taxes | 450/3 | €33,354 | €22,233 | -€11,121 | -33.3% |
| Remuneration and social security | 454/9 | €4,417 | €8,373 | +€3,956 | +89.6% |
| Other amounts payable | 47/48 | €553 | €788 | +€235 | +42.5% |
| Remuneration, social security and pensions | 62 | €47,000 | €64,059 | +€17,060 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,397 | €35,128 | -€1,269 | -3.5% |
| Other operating charges | 640/8 | €5,493 | €3,543 | -€1,950 | -35.5% |
| Gross operating margin | 9900 | €212,201 | €127,038 | -€85,163 | -40.1% |
| Operating profit (loss) | 9901 | €123,311 | €24,308 | -€99,003 | -80.3% |
| Financial income | 75/76B | €3,157 | €6,267 | +€3,110 | +98.5% |
| Recurring financial income | 75 | €565 | €6,267 | +€5,702 | +1,008% |
| Non-recurring financial income | 76B | €2,592 | - | -€2,592 | |
| Financial charges | 65/66B | €2,059 | €1,455 | -€604 | -29.3% |
| Recurring financial charges | 65 | €2,059 | €1,455 | -€604 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €124,410 | €29,120 | -€95,289 | -76.6% |
| Income taxes | 67/77 | €26,383 | €5,884 | -€20,500 | -77.7% |
| Profit (loss) for the period | 9904 | €98,026 | €23,236 | -€74,790 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,026 | €23,236 | -€74,790 | -76.3% |
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 2 November 2026 via checked.be.