KASTHEL: 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.
KASTHEL
Largest movements
- Cash +€18,087
up €18,087 (+24.6%), from €73,503 to €91,590
mainly Net result for the year (+€26,125) and Current investments (+€10,462)
- Current investments -€10,462
down €10,462 (-100%), from €10,462 to €0
- Receivables within one year +€1,711
up €1,711 (+10.1%), from €16,862 to €18,573
- Tax, wage and social debts +€4,913
up €4,913 (+281%), from €1,750 to €6,663
- Reserves +€3,900
up €3,900 (+4.2%), from €92,034 to €95,934
- Financial income +€7,204
new in 2025: €7,204
- Taxes +€5,459
up €5,459 (+62.7%), from €8,705 to €14,164
- Gross operating margin +€3,224
up €3,224 (+10.4%), from €30,948 to €34,172
- Depreciation -€836
down €836 (-100%), from €836 to €0
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 | €101,086 | €110,427 | +€9,341 | +9.2% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €101,086 | €110,427 | +€9,341 | +9.2% |
| Amounts receivable within one year | 40/41 | €16,862 | €18,573 | +€1,711 | +10.1% |
| Trade receivables | 40 | €16,862 | €18,573 | +€1,711 | +10.1% |
| Current investments | 50/53 | €10,462 | €0 | -€10,462 | -100% |
| Cash at bank and in hand | 54/58 | €73,503 | €91,590 | +€18,087 | +24.6% |
| Deferred charges and accrued income | 490/1 | €259 | €264 | +€5 | +2.0% |
| Total equity and liabilities | 10/49 | €101,086 | €110,427 | +€9,341 | +9.2% |
| Equity | 10/15 | €97,485 | €101,385 | +€3,900 | +4.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,034 | €95,934 | +€3,900 | +4.2% |
| Distributable reserves | 133 | €92,034 | €95,934 | +€3,900 | +4.2% |
| Profit (loss) carried forward | 14 | €451 | €451 | +€0 | 0.0% |
| Amounts payable | 17/49 | €3,601 | €9,042 | +€5,441 | +151% |
| Amounts payable within one year | 42/48 | €3,601 | €9,042 | +€5,441 | +151% |
| Financial debts | 43 | €99 | €244 | +€145 | +147% |
| Credit institutions | 430/8 | €99 | €244 | +€145 | +147% |
| Trade debts | 44 | €287 | €652 | +€365 | +127% |
| Suppliers | 440/4 | €287 | €652 | +€365 | +127% |
| Taxes, remuneration and social security | 45 | €1,750 | €6,663 | +€4,913 | +281% |
| Taxes | 450/3 | €1,750 | €6,663 | +€4,913 | +281% |
| Other amounts payable | 47/48 | €1,465 | €1,484 | +€19 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €836 | €0 | -€836 | -100% |
| Other operating charges | 640/8 | €726 | €922 | +€196 | +27.0% |
| Gross operating margin | 9900 | €30,948 | €34,172 | +€3,224 | +10.4% |
| Operating profit (loss) | 9901 | €29,385 | €33,250 | +€3,865 | +13.2% |
| Financial income | 75/76B | - | €7,204 | +€7,204 | |
| Recurring financial income | 75 | - | €7,204 | +€7,204 | |
| Financial charges | 65/66B | €143 | €165 | +€22 | +15.4% |
| Recurring financial charges | 65 | €143 | €165 | +€22 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €29,243 | €40,290 | +€11,047 | +37.8% |
| Income taxes | 67/77 | €8,705 | €14,164 | +€5,459 | +62.7% |
| Profit (loss) for the period | 9904 | €20,537 | €26,125 | +€5,588 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,537 | €26,125 | +€5,588 | +27.2% |
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 16 October 2026 via checked.be.