LE CASTOR VB: 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.
LE CASTOR VB
Largest movements
- Cash -€15,578
down €15,578 (-2.8%), from €563,949 to €548,371
mainly Net result for the year (-€11,897) and Other debts (-€10,886)
- Tangible fixed assets -€11,541
down €11,541 (-23.5%), from €49,072 to €37,531
- Profit (loss) carried forward -€31,897
down €31,897 (-32.0%), from €99,689 to €67,792
- Reserves +€20,000
up €20,000 (+4.7%), from €429,197 to €449,197
of which Distributable reserves: +€20,000
- Other debts -€10,886
down €10,886 (-67.5%), from €16,135 to €5,249
- Taxes +€31,598
up €31,598 (+406%), from €7,786 to €39,384
- Gross operating margin -€14,014
down €14,014 (-12.3%), from €114,152 to €100,138
- Staff costs +€5,373
up €5,373 (+9.1%), from €59,228 to €64,601
- Financial income -€3,400
down €3,400 (-41.3%), from €8,226 to €4,826
- Depreciation +€3,044
up €3,044 (+35.8%), from €8,498 to €11,542
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 | €623,401 | €601,928 | -€21,473 | -3.4% |
| Fixed assets | 21/28 | €52,272 | €40,730 | -€11,542 | -22.1% |
| Intangible fixed assets | 21 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €49,072 | €37,531 | -€11,541 | -23.5% |
| Furniture and vehicles | 24 | €49,072 | €37,531 | -€11,541 | -23.5% |
| Financial fixed assets | 28 | €3,199 | €3,199 | -€0 | 0.0% |
| Current assets | 29/58 | €571,129 | €561,198 | -€9,931 | -1.7% |
| Stocks and contracts in progress | 3 | - | €1,137 | +€1,137 | |
| Stocks | 30/36 | - | €1,137 | +€1,137 | |
| Amounts receivable within one year | 40/41 | €7,180 | €9,510 | +€2,330 | +32.5% |
| Trade receivables | 40 | €5,199 | €3,867 | -€1,332 | -25.6% |
| Other amounts receivable | 41 | €1,981 | €5,643 | +€3,662 | +185% |
| Cash at bank and in hand | 54/58 | €563,949 | €548,371 | -€15,578 | -2.8% |
| Deferred charges and accrued income | 490/1 | - | €2,180 | +€2,180 | |
| Total equity and liabilities | 10/49 | €623,401 | €601,928 | -€21,473 | -3.4% |
| Equity | 10/15 | €590,859 | €578,962 | -€11,897 | -2.0% |
| Contributions | 10/11 | €61,973 | €61,973 | -€0 | 0.0% |
| Capital | 10 | - | €61,973 | +€61,973 | |
| Issued capital | 100 | - | €61,973 | +€61,973 | |
| Contributions outside capital | 11 | €61,973 | - | -€61,973 | |
| Other | 1109/19 | €61,973 | - | -€61,973 | |
| Reserves | 13 | €429,197 | €449,197 | +€20,000 | +4.7% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | -€0 | 0.0% |
| Legal reserve | 130 | - | €6,197 | +€6,197 | |
| Reserves not available under the articles | 1311 | €6,197 | - | -€6,197 | |
| Distributable reserves | 133 | €423,000 | €443,000 | +€20,000 | +4.7% |
| Profit (loss) carried forward | 14 | €99,689 | €67,792 | -€31,897 | -32.0% |
| Amounts payable | 17/49 | €32,541 | €22,966 | -€9,575 | -29.4% |
| Amounts payable within one year | 42/48 | €32,541 | €22,966 | -€9,575 | -29.4% |
| Trade debts | 44 | €7,324 | €3,895 | -€3,429 | -46.8% |
| Suppliers | 440/4 | €7,324 | €3,895 | -€3,429 | -46.8% |
| Taxes, remuneration and social security | 45 | €9,082 | €13,822 | +€4,740 | +52.2% |
| Taxes | 450/3 | €9,082 | €11,082 | +€2,000 | +22.0% |
| Remuneration and social security | 454/9 | - | €2,740 | +€2,740 | |
| Other amounts payable | 47/48 | €16,135 | €5,249 | -€10,886 | -67.5% |
| Remuneration, social security and pensions | 62 | €59,228 | €64,601 | +€5,373 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,498 | €11,542 | +€3,044 | +35.8% |
| Other operating charges | 640/8 | €721 | €1,181 | +€460 | +63.8% |
| Gross operating margin | 9900 | €114,152 | €100,138 | -€14,014 | -12.3% |
| Operating profit (loss) | 9901 | €45,706 | €22,814 | -€22,892 | -50.1% |
| Financial income | 75/76B | €8,226 | €4,826 | -€3,400 | -41.3% |
| Recurring financial income | 75 | €8,226 | €4,826 | -€3,400 | -41.3% |
| Financial charges | 65/66B | €167 | €153 | -€14 | -8.1% |
| Recurring financial charges | 65 | €167 | €153 | -€14 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €53,765 | €27,487 | -€26,278 | -48.9% |
| Income taxes | 67/77 | €7,786 | €39,384 | +€31,598 | +406% |
| Profit (loss) for the period | 9904 | €45,979 | -€11,897 | -€57,876 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,979 | -€11,897 | -€57,876 |
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 19 October 2026 via checked.be.