Kastaar: 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.
Kastaar
Largest movements
- Stocks and contracts -€1.7m
down €1.7m (-54.9%), from €3.1m to €1.4m
- Cash +€602,462
up €602,462 (+614.4%), from €98,061 to €700,523
mainly Stocks and contracts (+€1.7m) and Debts after one year (+€309,378)
- Tangible fixed assets +€342,060
new in 2025: €342,060
- Current portion of long-term debt -€1.2m
down €1.2m (-62.1%), from €1.9m to €730,662
- Debts after one year +€309,378
up €309,378 (+34.4%), from €900,000 to €1.2m
of which Financial debts: +€259,378
- Reserves +€170,021
new in 2025: €170,021
- Profit (loss) carried forward -€80,893
down €80,893 (-100.0%), from €80,893 to €0
- Other debts +€47,905
up €47,905 (+21.8%), from €220,206 to €268,112
- Gross operating margin +€331,187
up €331,187 (+507.9%), from €65,210 to €396,397
- Taxes +€30,712
up €30,712 (+22011.1%), from €140 to €30,852
- Depreciation +€7,940
new in 2025: €7,940
- Financial charges +€6,704
up €6,704 (+10.3%), from €65,213 to €71,917
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.
Cash bridge derived
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 | €3,214,338 | €2,460,091 | -€754,248 | -23.5% |
| Fixed assets | 21/28 | - | €342,060 | +€342,060 | |
| Tangible fixed assets | 22/27 | - | €342,060 | +€342,060 | |
| Land and buildings | 22 | - | €342,060 | +€342,060 | |
| Current assets | 29/58 | €3,214,338 | €2,118,031 | -€1.1m | -34.1% |
| Stocks and contracts in progress | 3 | €3,113,616 | €1,403,302 | -€1.7m | -54.9% |
| Contracts in progress | 37 | €3,113,616 | €1,403,302 | -€1.7m | -54.9% |
| Amounts receivable within one year | 40/41 | €189 | €7,641 | +€7,453 | +3949.5% |
| Trade receivables | 40 | - | €3,710 | +€3,710 | |
| Other amounts receivable | 41 | €189 | €3,932 | +€3,743 | +1983.6% |
| Cash at bank and in hand | 54/58 | €98,061 | €700,523 | +€602,462 | +614.4% |
| Deferred charges and accrued income | 490/1 | €2,473 | €6,564 | +€4,092 | +165.5% |
| Total equity and liabilities | 10/49 | €3,214,338 | €2,460,091 | -€754,248 | -23.5% |
| Equity | 10/15 | €130,893 | €220,021 | +€89,128 | +68.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €170,021 | +€170,021 | |
| Distributable reserves | 133 | - | €170,021 | +€170,021 | |
| Profit (loss) carried forward | 14 | €80,893 | €0 | -€80,893 | -100.0% |
| Amounts payable | 17/49 | €3,083,446 | €2,240,070 | -€843,376 | -27.4% |
| Amounts payable after more than one year | 17 | €900,000 | €1,209,378 | +€309,378 | +34.4% |
| Financial debts | 170/4 | €230,000 | €489,378 | +€259,378 | +112.8% |
| Other amounts payable | 178/9 | €670,000 | €720,000 | +€50,000 | +7.5% |
| Amounts payable within one year | 42/48 | €2,183,446 | €1,030,692 | -€1.2m | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €1,925,500 | €730,662 | -€1.2m | -62.1% |
| Financial debts | 43 | €474 | €26 | -€448 | -94.5% |
| Credit institutions | 430/8 | €474 | €26 | -€448 | -94.5% |
| Trade debts | 44 | €25,032 | €27,861 | +€2,829 | +11.3% |
| Suppliers | 440/4 | €25,032 | €27,861 | +€2,829 | +11.3% |
| Taxes, remuneration and social security | 45 | €12,234 | €4,031 | -€8,203 | -67.1% |
| Taxes | 450/3 | €12,234 | €4,031 | -€8,203 | -67.1% |
| Other amounts payable | 47/48 | €220,206 | €268,112 | +€47,905 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,940 | +€7,940 | |
| Other operating charges | 640/8 | €1,086 | €1,206 | +€121 | +11.1% |
| Gross operating margin | 9900 | €65,210 | €396,397 | +€331,187 | +507.9% |
| Operating profit (loss) | 9901 | €64,125 | €387,251 | +€323,127 | +503.9% |
| Financial income | 75/76B | €1,396 | €1 | -€1,395 | -99.9% |
| Recurring financial income | 75 | €1,396 | €1 | -€1,395 | -99.9% |
| Financial charges | 65/66B | €65,213 | €71,917 | +€6,704 | +10.3% |
| Recurring financial charges | 65 | €65,213 | €71,917 | +€6,704 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €307 | €315,335 | +€315,028 | +102494.7% |
| Income taxes | 67/77 | €140 | €30,852 | +€30,712 | +22011.1% |
| Profit (loss) for the period | 9904 | €168 | €284,484 | +€284,316 | +169407.0% |
| Profit (loss) for the period to be appropriated | 9905 | €168 | €284,484 | +€284,316 | +169407.0% |
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 12 October 2026 via checked.be.