KASTEELBEEK: 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.
What changed
KASTEELBEEK
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€19,184
2024 · -€89,196+€70,011
Equity
€77,576
2024 · €96,760-€19,184
Cash
€33,009
2024 · €3,963+€29,046
Balance sheet total
€5.6m
2024 · €4.5m+€1.1m
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+24.4%), from €4.5m to €5.5m
of which Land and buildings: +€4.8m
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+34.8%), from €3.6m to €4.8m
- Other debts -€110,502
down €110,502 (-25.4%), from €435,461 to €324,959
Income statement
- Gross operating margin +€282,799
up €282,799 (+650%), from €43,485 to €326,284
- Depreciation +€126,147
up €126,147 (+827%), from €15,251 to €141,398
- Financial charges +€85,607
up €85,607 (+82.7%), from €103,511 to €189,118
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.
Result 2024
-€89,196
Gross operating margin
+€282,799
Depreciation
-€126,147
Other operating charges
-€1,034
Financial charges
-€85,607
Result 2025
-€19,184
raises the resultlowers the result
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.
From operations
+€19,907
Investment
-€1.2m
Financing
+€1.2m
Cash 2024
€3,963
From operations (derived)
+€19,907
Net result for the year
-€19,184
Depreciation
+€141,398
Smaller working-capital items
+€616
Deferred charges and accrued income
-€3,794
Trade debts
+€7,412
Tax, wage and social debts
+€3,962
Other debts
-€110,502
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€1.2m
Debts after one year
+€1.2m
Current portion of long-term debt
-€6,250
Cash 2025
€33,009
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,462,377 | €5,580,857 | +€1.1m | +25.1% |
| Fixed assets | 21/28 | €4,450,877 | €5,535,756 | +€1.1m | +24.4% |
| Tangible fixed assets | 22/27 | €4,450,728 | €5,535,607 | +€1.1m | +24.4% |
| Land and buildings | 22 | €562,505 | €5,352,356 | +€4.8m | +852% |
| Furniture and vehicles | 24 | - | €183,252 | +€183,252 | |
| Assets under construction and advance payments | 27 | €3,888,224 | €0 | -€3.9m | -100% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €11,500 | €45,101 | +€33,601 | +292% |
| Amounts receivable within one year | 40/41 | €430 | €1,191 | +€761 | +177% |
| Trade receivables | 40 | €430 | €1,191 | +€761 | +177% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,963 | €33,009 | +€29,046 | +733% |
| Deferred charges and accrued income | 490/1 | €7,107 | €10,901 | +€3,794 | +53.4% |
| Total equity and liabilities | 10/49 | €4,462,377 | €5,580,857 | +€1.1m | +25.1% |
| Equity | 10/15 | €96,760 | €77,576 | -€19,184 | -19.8% |
| Contributions | 10/11 | €122,276 | €122,276 | = | 0.0% |
| Reserves | 13 | €63,680 | €63,680 | = | 0.0% |
| Distributable reserves | 133 | €63,680 | €63,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,196 | -€108,380 | -€19,184 | -21.5% |
| Amounts payable | 17/49 | €4,365,617 | €5,503,281 | +€1.1m | +26.1% |
| Amounts payable after more than one year | 17 | €3,572,917 | €4,814,583 | +€1.2m | +34.8% |
| Financial debts | 170/4 | €3,572,917 | €4,814,583 | +€1.2m | +34.8% |
| Amounts payable within one year | 42/48 | €789,200 | €683,821 | -€105,379 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €264,583 | €258,333 | -€6,250 | -2.4% |
| Trade debts | 44 | €88,399 | €95,810 | +€7,412 | +8.4% |
| Suppliers | 440/4 | €88,399 | €95,810 | +€7,412 | +8.4% |
| Taxes, remuneration and social security | 45 | €757 | €4,719 | +€3,962 | +523% |
| Taxes | 450/3 | €757 | €4,719 | +€3,962 | +523% |
| Other amounts payable | 47/48 | €435,461 | €324,959 | -€110,502 | -25.4% |
| Accrued charges and deferred income | 492/3 | €3,499 | €4,876 | +€1,377 | +39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,251 | €141,398 | +€126,147 | +827% |
| Other operating charges | 640/8 | €13,919 | €14,952 | +€1,034 | +7.4% |
| Gross operating margin | 9900 | €43,485 | €326,284 | +€282,799 | +650% |
| Operating profit (loss) | 9901 | €14,316 | €169,934 | +€155,618 | +1,087% |
| Financial charges | 65/66B | €103,511 | €189,118 | +€85,607 | +82.7% |
| Recurring financial charges | 65 | €103,511 | €189,118 | +€85,607 | +82.7% |
| Profit (loss) for the period before taxes | 9903 | -€89,196 | -€19,184 | +€70,011 | +78.5% |
| Profit (loss) for the period | 9904 | -€89,196 | -€19,184 | +€70,011 | +78.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,196 | -€19,184 | +€70,011 | +78.5% |
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 20 October 2026 via checked.be.