JOE CASTA: 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.
JOE CASTA
Largest movements
- Receivables within one year +€37,375
up €37,375 (+57.7%), from €64,800 to €102,175
of which Other amounts receivable: +€42,775
- Cash -€20,909
down €20,909 (-32.8%), from €63,759 to €42,850
mainly Receivables within one year (-€37,375) and Tax, wage and social debts (-€14,373)
- Tax, wage and social debts -€14,373
down €14,373 (-36.1%), from €39,808 to €25,436
of which Remuneration and social security: -€8,526
- Trade debts +€12,796
up €12,796 (+606%), from €2,110 to €14,906
- Short-term financial debts +€10,563
new in 2025: €10,563
- Financial income -€499,997
down €499,997 (-100.0%), from €500,000 to €3
- Gross operating margin -€48,720
down €48,720 (-25.0%), from €195,213 to €146,493
- Taxes -€12,480
down €12,480 (-71.7%), from €17,405 to €4,925
- Staff costs +€4,871
up €4,871 (+3.8%), from €129,852 to €134,723
- Financial charges -€2,308
down €2,308 (-59.2%), from €3,901 to €1,593
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 | €641,510 | €654,574 | +€13,064 | +2.0% |
| Fixed assets | 21/28 | €500,163 | €500,163 | = | 0.0% |
| Financial fixed assets | 28 | €500,163 | €500,163 | = | 0.0% |
| Current assets | 29/58 | €141,347 | €154,410 | +€13,064 | +9.2% |
| Amounts receivable within one year | 40/41 | €64,800 | €102,175 | +€37,375 | +57.7% |
| Trade receivables | 40 | €5,400 | €0 | -€5,400 | -100% |
| Other amounts receivable | 41 | €59,400 | €102,175 | +€42,775 | +72.0% |
| Cash at bank and in hand | 54/58 | €63,759 | €42,850 | -€20,909 | -32.8% |
| Deferred charges and accrued income | 490/1 | €12,788 | €9,386 | -€3,402 | -26.6% |
| Total equity and liabilities | 10/49 | €641,510 | €654,574 | +€13,064 | +2.0% |
| Equity | 10/15 | €598,123 | €602,804 | +€4,681 | +0.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €573,123 | €577,804 | +€4,681 | +0.8% |
| Amounts payable | 17/49 | €43,388 | €51,770 | +€8,382 | +19.3% |
| Amounts payable within one year | 42/48 | €43,388 | €51,770 | +€8,382 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €10,563 | +€10,563 | |
| Credit institutions | 430/8 | - | €10,563 | +€10,563 | |
| Trade debts | 44 | €2,110 | €14,906 | +€12,796 | +606% |
| Suppliers | 440/4 | €2,110 | €14,906 | +€12,796 | +606% |
| Taxes, remuneration and social security | 45 | €39,808 | €25,436 | -€14,373 | -36.1% |
| Taxes | 450/3 | €22,461 | €16,615 | -€5,846 | -26.0% |
| Remuneration and social security | 454/9 | €17,347 | €8,821 | -€8,526 | -49.2% |
| Other amounts payable | 47/48 | €1,469 | €865 | -€604 | -41.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €129,852 | €134,723 | +€4,871 | +3.8% |
| Other operating charges | 640/8 | €1,540 | €573 | -€967 | -62.8% |
| Gross operating margin | 9900 | €195,213 | €146,493 | -€48,720 | -25.0% |
| Operating profit (loss) | 9901 | €63,821 | €11,197 | -€52,624 | -82.5% |
| Financial income | 75/76B | €500,000 | €3 | -€499,997 | -100.0% |
| Recurring financial income | 75 | €500,000 | €3 | -€499,997 | -100.0% |
| Financial charges | 65/66B | €3,901 | €1,593 | -€2,308 | -59.2% |
| Recurring financial charges | 65 | €3,901 | €1,593 | -€2,308 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €559,920 | €9,607 | -€550,313 | -98.3% |
| Income taxes | 67/77 | €17,405 | €4,925 | -€12,480 | -71.7% |
| Profit (loss) for the period | 9904 | €542,515 | €4,681 | -€537,833 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €542,515 | €4,681 | -€537,833 | -99.1% |
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 17 October 2026 via checked.be.