KASTERIL: 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.
KASTERIL
Largest movements
- Current investments +€150,500
up €150,500 (+436.2%), from €34,500 to €185,000
- Tangible fixed assets -€83,414
down €83,414 (-10.1%), from €824,786 to €741,372
of which Land and buildings: -€86,465
- Receivables within one year +€36,862
up €36,862 (+332.6%), from €11,082 to €47,944
of which Other amounts receivable: +€41,136
- Cash -€17,924
down €17,924 (-53.8%), from €33,319 to €15,395
mainly Current investments (-€150,500) and Receivables within one year (-€36,862)
- Reserves +€138,842
up €138,842 (+17.9%), from €775,359 to €914,201
of which Distributable reserves: +€139,925
- Other debts -€30,003
no longer reported in 2025 (was €30,003)
- Debts after one year -€28,104
down €28,104 (-48.9%), from €57,465 to €29,361
- Gross operating margin +€113,001
up €113,001 (+72.4%), from €156,099 to €269,100
- Taxes +€34,925
up €34,925 (+123.0%), from €28,397 to €63,322
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 | €927,299 | €1,014,465 | +€87,166 | +9.4% |
| Fixed assets | 21/28 | €824,786 | €741,372 | -€83,414 | -10.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €824,786 | €741,372 | -€83,414 | -10.1% |
| Land and buildings | 22 | €726,051 | €639,586 | -€86,465 | -11.9% |
| Plant, machinery and equipment | 23 | €10,982 | €7,038 | -€3,944 | -35.9% |
| Furniture and vehicles | 24 | €46,163 | €43,325 | -€2,838 | -6.1% |
| Other tangible fixed assets | 26 | €41,589 | €51,423 | +€9,834 | +23.6% |
| Current assets | 29/58 | €102,513 | €273,093 | +€170,580 | +166.4% |
| Amounts receivable within one year | 40/41 | €11,082 | €47,944 | +€36,862 | +332.6% |
| Trade receivables | 40 | €4,376 | €102 | -€4,274 | -97.7% |
| Other amounts receivable | 41 | €6,706 | €47,842 | +€41,136 | +613.4% |
| Current investments | 50/53 | €34,500 | €185,000 | +€150,500 | +436.2% |
| Cash at bank and in hand | 54/58 | €33,319 | €15,395 | -€17,924 | -53.8% |
| Deferred charges and accrued income | 490/1 | €23,612 | €24,754 | +€1,142 | +4.8% |
| Total equity and liabilities | 10/49 | €927,299 | €1,014,465 | +€87,166 | +9.4% |
| Equity | 10/15 | €780,359 | €919,201 | +€138,842 | +17.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €775,359 | €914,201 | +€138,842 | +17.9% |
| Tax-exempt reserves | 132 | €18,897 | €17,815 | -€1,082 | -5.7% |
| Distributable reserves | 133 | €756,462 | €896,386 | +€139,925 | +18.5% |
| Provisions and deferred taxes | 16 | €8,853 | €8,351 | -€502 | -5.7% |
| Deferred taxes | 168 | €8,853 | €8,351 | -€502 | -5.7% |
| Amounts payable | 17/49 | €138,087 | €86,913 | -€51,174 | -37.1% |
| Amounts payable after more than one year | 17 | €57,465 | €29,361 | -€28,104 | -48.9% |
| Financial debts | 170/4 | €57,465 | €29,361 | -€28,104 | -48.9% |
| Amounts payable within one year | 42/48 | €79,941 | €56,850 | -€23,091 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €37,794 | €39,523 | +€1,729 | +4.6% |
| Trade debts | 44 | €5,842 | €2,057 | -€3,785 | -64.8% |
| Suppliers | 440/4 | €5,842 | €2,057 | -€3,785 | -64.8% |
| Taxes, remuneration and social security | 45 | €6,301 | €15,269 | +€8,968 | +142.3% |
| Taxes | 450/3 | €6,301 | €15,269 | +€8,968 | +142.3% |
| Other amounts payable | 47/48 | €30,003 | - | -€30,003 | |
| Accrued charges and deferred income | 492/3 | €682 | €702 | +€21 | +3.1% |
| Non-recurring operating income | 76A | - | €95,888 | +€95,888 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,037 | €55,266 | +€229 | +0.4% |
| Other operating charges | 640/8 | €7,954 | €7,464 | -€490 | -6.2% |
| Gross operating margin | 9900 | €156,099 | €269,100 | +€113,001 | +72.4% |
| Operating profit (loss) | 9901 | €93,109 | €206,371 | +€113,262 | +121.6% |
| Financial income | 75/76B | €342 | €178 | -€165 | -48.1% |
| Recurring financial income | 75 | €342 | €178 | -€165 | -48.1% |
| Financial charges | 65/66B | €6,788 | €4,886 | -€1,902 | -28.0% |
| Recurring financial charges | 65 | €6,788 | €4,886 | -€1,902 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €86,664 | €201,663 | +€114,999 | +132.7% |
| Transfer from deferred taxes | 780 | €502 | €502 | = | 0.0% |
| Income taxes | 67/77 | €28,397 | €63,322 | +€34,925 | +123.0% |
| Profit (loss) for the period | 9904 | €58,769 | €138,842 | +€80,074 | +136.3% |
| Transfer from tax-exempt reserves | 789 | €1,082 | €1,082 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,851 | €139,925 | +€80,074 | +133.8% |
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 5 October 2026 via checked.be.