YVES CASTERMANS: 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.
YVES CASTERMANS
Largest movements
- Deferred charges and accrued income +€11,925
up €11,925 (+329%), from €3,627 to €15,552
- Tangible fixed assets -€7,975
down €7,975 (-8.3%), from €96,054 to €88,080
of which Land and buildings: -€9,356
- Reserves +€9,630
up €9,630 (+5.5%), from €174,359 to €183,989
- Debts after one year -€7,500
down €7,500 (-24.0%), from €31,250 to €23,750
- Gross operating margin -€9,804
down €9,804 (-33.0%), from €29,683 to €19,879
- Financial income +€6,417
new in 2025: €6,417
- Taxes +€1,597
up €1,597 (+220%), from €725 to €2,322
- Financial charges -€1,309
down €1,309 (-30.2%), from €4,338 to €3,029
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 | €235,333 | €239,047 | +€3,713 | +1.6% |
| Fixed assets | 21/28 | €99,054 | €91,080 | -€7,975 | -8.1% |
| Tangible fixed assets | 22/27 | €96,054 | €88,080 | -€7,975 | -8.3% |
| Land and buildings | 22 | €92,261 | €82,905 | -€9,356 | -10.1% |
| Plant, machinery and equipment | 23 | €0 | €1,720 | +€1,720 | |
| Furniture and vehicles | 24 | €963 | €624 | -€339 | -35.2% |
| Other tangible fixed assets | 26 | €2,831 | €2,831 | = | 0.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €136,279 | €147,967 | +€11,688 | +8.6% |
| Amounts receivable within one year | 40/41 | €132,546 | €132,310 | -€237 | -0.2% |
| Other amounts receivable | 41 | €132,546 | €132,310 | -€237 | -0.2% |
| Cash at bank and in hand | 54/58 | €106 | €106 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €3,627 | €15,552 | +€11,925 | +329% |
| Total equity and liabilities | 10/49 | €235,333 | €239,047 | +€3,713 | +1.6% |
| Equity | 10/15 | €180,770 | €190,404 | +€9,634 | +5.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €174,359 | €183,989 | +€9,630 | +5.5% |
| Distributable reserves | 133 | €174,359 | €183,989 | +€9,630 | +5.5% |
| Profit (loss) carried forward | 14 | €214 | €217 | +€4 | +1.7% |
| Amounts payable | 17/49 | €54,563 | €48,643 | -€5,920 | -10.9% |
| Amounts payable after more than one year | 17 | €31,250 | €23,750 | -€7,500 | -24.0% |
| Financial debts | 170/4 | €31,250 | €23,750 | -€7,500 | -24.0% |
| Amounts payable within one year | 42/48 | €22,533 | €24,893 | +€2,360 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €7,500 | = | 0.0% |
| Financial debts | 43 | €8,552 | €6,841 | -€1,712 | -20.0% |
| Credit institutions | 430/8 | €8,552 | €6,841 | -€1,712 | -20.0% |
| Trade debts | 44 | €3,610 | €4,575 | +€966 | +26.8% |
| Suppliers | 440/4 | €3,610 | €4,575 | +€966 | +26.8% |
| Taxes, remuneration and social security | 45 | €941 | €3,047 | +€2,106 | +224% |
| Taxes | 450/3 | €941 | €3,047 | +€2,106 | +224% |
| Other amounts payable | 47/48 | €1,930 | €2,930 | +€1,000 | +51.8% |
| Accrued charges and deferred income | 492/3 | €780 | €0 | -€780 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,833 | €10,040 | +€206 | +2.1% |
| Other operating charges | 640/8 | €1,018 | €1,271 | +€253 | +24.8% |
| Gross operating margin | 9900 | €29,683 | €19,879 | -€9,804 | -33.0% |
| Operating profit (loss) | 9901 | €18,831 | €8,568 | -€10,264 | -54.5% |
| Financial income | 75/76B | - | €6,417 | +€6,417 | |
| Recurring financial income | 75 | - | €6,417 | +€6,417 | |
| Financial charges | 65/66B | €4,338 | €3,029 | -€1,309 | -30.2% |
| Recurring financial charges | 65 | €4,338 | €3,029 | -€1,309 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €14,493 | €11,956 | -€2,537 | -17.5% |
| Income taxes | 67/77 | €725 | €2,322 | +€1,597 | +220% |
| Profit (loss) for the period | 9904 | €13,768 | €9,634 | -€4,135 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,768 | €9,634 | -€4,135 | -30.0% |
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 23 October 2026 via checked.be.