KASTU: 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.
KASTU
Largest movements
- Tangible fixed assets +€15,470
new in 2025: €15,470
- Receivables within one year +€12,321
up €12,321 (+54.2%), from €22,736 to €35,057
of which Other amounts receivable: +€34,074
- Cash -€9,012
down €9,012 (-10.9%), from €83,036 to €74,024
mainly Investment in fixed assets (net) (-€16,575) and Tax, wage and social debts (-€12,909)
- Stocks and contracts -€3,396
down €3,396 (-24.0%), from €14,146 to €10,750
- Intangible fixed assets -€1,840
down €1,840 (-48.2%), from €3,817 to €1,977
- Tax, wage and social debts -€12,909
down €12,909 (-56.7%), from €22,754 to €9,844
of which Taxes: -€14,811
- Advances received +€10,697
up €10,697, from €0 to €10,697
- Debts after one year +€9,254
new in 2025: €9,254
- Reserves +€5,985
up €5,985 (+9.4%), from €63,515 to €69,500
- Current portion of long-term debt +€3,132
new in 2025: €3,132
- Staff costs +€9,368
new in 2025: €9,368
- Gross operating margin +€2,866
up €2,866 (+17.3%), from €16,526 to €19,392
- Taxes -€2,377
down €2,377 (-46.5%), from €5,117 to €2,740
- Depreciation +€1,105
up €1,105 (+60.1%), from €1,840 to €2,945
- Financial income -€641
down €641 (-19.0%), from €3,375 to €2,734
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 | €124,292 | €137,701 | +€13,408 | +10.8% |
| Fixed assets | 21/28 | €3,817 | €17,447 | +€13,630 | +357.0% |
| Intangible fixed assets | 21 | €3,817 | €1,977 | -€1,840 | -48.2% |
| Tangible fixed assets | 22/27 | - | €15,470 | +€15,470 | |
| Furniture and vehicles | 24 | - | €15,470 | +€15,470 | |
| Current assets | 29/58 | €120,475 | €120,253 | -€222 | -0.2% |
| Stocks and contracts in progress | 3 | €14,146 | €10,750 | -€3,396 | -24.0% |
| Stocks | 30/36 | €14,146 | €10,750 | -€3,396 | -24.0% |
| Amounts receivable within one year | 40/41 | €22,736 | €35,057 | +€12,321 | +54.2% |
| Trade receivables | 40 | €21,753 | - | -€21,753 | |
| Other amounts receivable | 41 | €982 | €35,057 | +€34,074 | +3468.2% |
| Cash at bank and in hand | 54/58 | €83,036 | €74,024 | -€9,012 | -10.9% |
| Deferred charges and accrued income | 490/1 | €557 | €423 | -€134 | -24.1% |
| Total equity and liabilities | 10/49 | €124,292 | €137,701 | +€13,408 | +10.8% |
| Equity | 10/15 | €93,515 | €99,636 | +€6,120 | +6.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €63,515 | €69,500 | +€5,985 | +9.4% |
| Distributable reserves | 133 | €63,515 | €69,500 | +€5,985 | +9.4% |
| Profit (loss) carried forward | 14 | - | €136 | +€136 | |
| Amounts payable | 17/49 | €30,777 | €38,065 | +€7,288 | +23.7% |
| Amounts payable after more than one year | 17 | - | €9,254 | +€9,254 | |
| Financial debts | 170/4 | - | €9,254 | +€9,254 | |
| Amounts payable within one year | 42/48 | €29,385 | €28,811 | -€574 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,132 | +€3,132 | |
| Trade debts | 44 | €6,632 | €5,137 | -€1,495 | -22.5% |
| Suppliers | 440/4 | €6,632 | €5,137 | -€1,495 | -22.5% |
| Advances received on contracts in progress | 46 | €0 | €10,697 | +€10,697 | |
| Taxes, remuneration and social security | 45 | €22,754 | €9,844 | -€12,909 | -56.7% |
| Taxes | 450/3 | €22,754 | €7,943 | -€14,811 | -65.1% |
| Remuneration and social security | 454/9 | - | €1,901 | +€1,901 | |
| Accrued charges and deferred income | 492/3 | €1,392 | - | -€1,392 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €9,368 | +€9,368 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,840 | €2,945 | +€1,105 | +60.1% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €16,526 | €19,392 | +€2,866 | +17.3% |
| Operating profit (loss) | 9901 | €14,173 | €6,552 | -€7,621 | -53.8% |
| Financial income | 75/76B | €3,375 | €2,734 | -€641 | -19.0% |
| Recurring financial income | 75 | €3,375 | €2,734 | -€641 | -19.0% |
| Financial charges | 65/66B | €109 | €426 | +€317 | +292.1% |
| Recurring financial charges | 65 | €109 | €426 | +€317 | +292.1% |
| Profit (loss) for the period before taxes | 9903 | €17,440 | €8,861 | -€8,579 | -49.2% |
| Income taxes | 67/77 | €5,117 | €2,740 | -€2,377 | -46.5% |
| Profit (loss) for the period | 9904 | €12,323 | €6,120 | -€6,202 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,323 | €6,120 | -€6,202 | -50.3% |
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 11 October 2026 via checked.be.