JEF CASTEELS & C°: 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.
JEF CASTEELS & C°
Largest movements
- Receivables within one year -€191,377
down €191,377 (-45.8%), from €417,755 to €226,378
of which Other amounts receivable: -€95,928
- Stocks and contracts +€127,393
up €127,393 (+54.8%), from €232,388 to €359,781
- Tangible fixed assets -€28,809
down €28,809 (-3.3%), from €880,335 to €851,526
- Reserves -€558,997
down €558,997 (-48.0%), from €1.2m to €605,782
of which Distributable reserves: -€558,997
- Other debts +€500,942
new in 2025: €500,942
- Debts after one year -€63,460
down €63,460 (-13.7%), from €461,864 to €398,404
- Tax, wage and social debts +€46,661
up €46,661 (+42.0%), from €111,166 to €157,828
of which Remuneration and social security: +€72,247
- Accrued charges and deferred income -€35,765
down €35,765 (-100%), from €35,765 to €0
- Taxes -€258,988
down €258,988, from €224,896 to -€34,092
- Staff costs +€231,107
up €231,107 (+29.6%), from €780,896 to €1.0m
- Gross operating margin -€129,460
down €129,460 (-9.1%), from €1.4m to €1.3m
- Financial charges +€49,945
up €49,945 (+243%), from €20,521 to €70,466
- Financial income +€16,263
up €16,263 (+946%), from €1,720 to €17,983
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 | €2,444,528 | €2,338,827 | -€105,701 | -4.3% |
| Fixed assets | 21/28 | €880,335 | €851,526 | -€28,809 | -3.3% |
| Tangible fixed assets | 22/27 | €880,335 | €851,526 | -€28,809 | -3.3% |
| Land and buildings | 22 | €827,660 | €820,649 | -€7,010 | -0.8% |
| Plant, machinery and equipment | 23 | €35,197 | €21,788 | -€13,409 | -38.1% |
| Furniture and vehicles | 24 | €17,479 | €9,089 | -€8,390 | -48.0% |
| Current assets | 29/58 | €1,564,193 | €1,487,301 | -€76,892 | -4.9% |
| Stocks and contracts in progress | 3 | €232,388 | €359,781 | +€127,393 | +54.8% |
| Stocks | 30/36 | €232,388 | €359,781 | +€127,393 | +54.8% |
| Amounts receivable within one year | 40/41 | €417,755 | €226,378 | -€191,377 | -45.8% |
| Trade receivables | 40 | €173,346 | €77,897 | -€95,449 | -55.1% |
| Other amounts receivable | 41 | €244,409 | €148,481 | -€95,928 | -39.2% |
| Cash at bank and in hand | 54/58 | €885,862 | €869,798 | -€16,064 | -1.8% |
| Deferred charges and accrued income | 490/1 | €28,188 | €31,344 | +€3,156 | +11.2% |
| Total equity and liabilities | 10/49 | €2,444,528 | €2,338,827 | -€105,701 | -4.3% |
| Equity | 10/15 | €1,226,752 | €667,755 | -€558,997 | -45.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | - | €61,973 | +€61,973 | |
| Issued capital | 100 | - | €61,973 | +€61,973 | |
| Reserves | 13 | €1,164,779 | €605,782 | -€558,997 | -48.0% |
| Non-distributable reserves | 130/1 | €38,632 | €38,632 | = | 0.0% |
| Legal reserve | 130 | - | €38,632 | +€38,632 | |
| Reserves not available under the articles | 1311 | €38,632 | - | -€38,632 | |
| Tax-exempt reserves | 132 | €11,006 | €11,006 | = | 0.0% |
| Distributable reserves | 133 | €1,115,141 | €556,144 | -€558,997 | -50.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,217,776 | €1,671,072 | +€453,296 | +37.2% |
| Amounts payable after more than one year | 17 | €461,864 | €398,404 | -€63,460 | -13.7% |
| Financial debts | 170/4 | €461,864 | €398,404 | -€63,460 | -13.7% |
| Amounts payable within one year | 42/48 | €720,147 | €1,272,667 | +€552,521 | +76.7% |
| Current portion of amounts payable after more than one year | 42 | €93,264 | €88,878 | -€4,387 | -4.7% |
| Trade debts | 44 | €515,716 | €525,020 | +€9,304 | +1.8% |
| Suppliers | 440/4 | €515,716 | €525,020 | +€9,304 | +1.8% |
| Taxes, remuneration and social security | 45 | €111,166 | €157,828 | +€46,661 | +42.0% |
| Taxes | 450/3 | €25,586 | €0 | -€25,586 | -100% |
| Remuneration and social security | 454/9 | €85,580 | €157,828 | +€72,247 | +84.4% |
| Other amounts payable | 47/48 | - | €500,942 | +€500,942 | |
| Accrued charges and deferred income | 492/3 | €35,765 | €0 | -€35,765 | -100% |
| Remuneration, social security and pensions | 62 | €780,896 | €1,012,003 | +€231,107 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,035 | €47,149 | -€886 | -1.8% |
| Other operating charges | 640/8 | €19,737 | €18,501 | -€1,236 | -6.3% |
| Gross operating margin | 9900 | €1,419,150 | €1,289,690 | -€129,460 | -9.1% |
| Operating profit (loss) | 9901 | €570,483 | €212,038 | -€358,445 | -62.8% |
| Financial income | 75/76B | €1,720 | €17,983 | +€16,263 | +946% |
| Recurring financial income | 75 | €1,720 | €17,983 | +€16,263 | +946% |
| Financial charges | 65/66B | €20,521 | €70,466 | +€49,945 | +243% |
| Recurring financial charges | 65 | €20,521 | €70,466 | +€49,945 | +243% |
| Profit (loss) for the period before taxes | 9903 | €551,682 | €159,555 | -€392,127 | -71.1% |
| Income taxes | 67/77 | €224,896 | -€34,092 | -€258,988 | |
| Profit (loss) for the period | 9904 | €326,786 | €193,647 | -€133,139 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €326,786 | €193,647 | -€133,139 | -40.7% |
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 23 October 2026 via checked.be.