KASTEL: what changed
Two fiscal 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.
KASTEL
Largest movements
- Tangible fixed assets -€58,407
down €58,407 (-6.0%), from €973,938 to €915,532
of which Furniture and vehicles: -€34,088
- Cash +€27,365
up €27,365 (+44.3%), from €61,761 to €89,126
mainly Depreciation (+€29,301) and Investment in fixed assets (net) (+€29,105)
- Other debts -€54,188
down €54,188 (-14.8%), from €365,188 to €311,000
- Reserves +€13,333
up €13,333 (+2.3%), from €576,933 to €590,266
of which Distributable reserves: +€18,184
- Depreciation -€7,604
down €7,604 (-20.6%), from €36,905 to €29,301
- Taxes +€3,760
up €3,760 (+156.7%), from €2,400 to €6,160
- Other operating charges +€2,724
up €2,724 (+11.1%), from €24,510 to €27,234
- Gross operating margin +€1,928
up €1,928 (+2.2%), from €88,258 to €90,185
- Financial charges -€1,202
down €1,202 (-6.7%), from €17,861 to €16,659
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 | €1,051,402 | €1,008,969 | -€42,432 | -4.0% |
| Fixed assets | 21/28 | €974,013 | €915,606 | -€58,407 | -6.0% |
| Tangible fixed assets | 22/27 | €973,938 | €915,532 | -€58,407 | -6.0% |
| Land and buildings | 22 | €939,850 | €915,532 | -€24,318 | -2.6% |
| Furniture and vehicles | 24 | €34,088 | - | -€34,088 | |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €77,389 | €93,364 | +€15,975 | +20.6% |
| Amounts receivable within one year | 40/41 | €9,600 | €3,600 | -€6,000 | -62.5% |
| Other amounts receivable | 41 | €9,600 | €3,600 | -€6,000 | -62.5% |
| Cash at bank and in hand | 54/58 | €61,761 | €89,126 | +€27,365 | +44.3% |
| Deferred charges and accrued income | 490/1 | €6,028 | €638 | -€5,391 | -89.4% |
| Total equity and liabilities | 10/49 | €1,051,402 | €1,008,969 | -€42,432 | -4.0% |
| Equity | 10/15 | €639,185 | €652,518 | +€13,333 | +2.1% |
| Contributions | 10/11 | €62,252 | €62,252 | = | 0.0% |
| Capital | 10 | €62,252 | €62,252 | = | 0.0% |
| Issued capital | 100 | €62,252 | €62,252 | = | 0.0% |
| Reserves | 13 | €576,933 | €590,266 | +€13,333 | +2.3% |
| Non-distributable reserves | 130/1 | €48,835 | €48,835 | = | 0.0% |
| Legal reserve | 130 | €48,835 | €48,835 | = | 0.0% |
| Tax-exempt reserves | 132 | €80,996 | €76,144 | -€4,851 | -6.0% |
| Distributable reserves | 133 | €447,102 | €465,287 | +€18,184 | +4.1% |
| Provisions and deferred taxes | 16 | €41,706 | €39,208 | -€2,498 | -6.0% |
| Deferred taxes | 168 | €41,706 | €39,208 | -€2,498 | -6.0% |
| Amounts payable | 17/49 | €370,510 | €317,243 | -€53,267 | -14.4% |
| Amounts payable within one year | 42/48 | €370,510 | €316,244 | -€54,266 | -14.6% |
| Trade debts | 44 | - | €100 | +€100 | |
| Suppliers | 440/4 | - | €100 | +€100 | |
| Taxes, remuneration and social security | 45 | €5,322 | €5,144 | -€178 | -3.3% |
| Taxes | 450/3 | €5,322 | €5,144 | -€178 | -3.3% |
| Other amounts payable | 47/48 | €365,188 | €311,000 | -€54,188 | -14.8% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,905 | €29,301 | -€7,604 | -20.6% |
| Other operating charges | 640/8 | €24,510 | €27,234 | +€2,724 | +11.1% |
| Gross operating margin | 9900 | €88,258 | €90,185 | +€1,928 | +2.2% |
| Operating profit (loss) | 9901 | €26,843 | €33,650 | +€6,808 | +25.4% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €17,861 | €16,659 | -€1,202 | -6.7% |
| Recurring financial charges | 65 | €17,861 | €16,659 | -€1,202 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €8,981 | €16,995 | +€8,014 | +89.2% |
| Transfer from deferred taxes | 780 | €2,498 | €2,498 | = | 0.0% |
| Income taxes | 67/77 | €2,400 | €6,160 | +€3,760 | +156.7% |
| Profit (loss) for the period | 9904 | €9,079 | €13,333 | +€4,254 | +46.9% |
| Transfer from tax-exempt reserves | 789 | €4,851 | €4,851 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,930 | €18,184 | +€4,254 | +30.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.