CASTAGNA CONSTRUCT: 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.
CASTAGNA CONSTRUCT
Largest movements
- Stocks and contracts +€55,567
up €55,567 (+76.1%), from €73,063 to €128,630
- Receivables within one year -€50,555
down €50,555 (-31.3%), from €161,590 to €111,035
of which Other amounts receivable: -€46,668
- Tangible fixed assets -€28,714
down €28,714 (-45.2%), from €63,541 to €34,827
- Cash -€22,721
down €22,721 (-12.4%), from €183,963 to €161,242
mainly Contributions, distributions and other (-€70,000) and Stocks and contracts (-€55,567)
- Deferred charges and accrued income +€4,901
up €4,901 (+81.0%), from €6,050 to €10,951
- Other debts +€70,817
up €70,817 (+919.8%), from €7,699 to €78,516
- Reserves -€70,000
down €70,000 (-49.3%), from €141,860 to €71,860
- Profit (loss) carried forward -€49,742
down €49,742 (-21.2%), from €234,821 to €185,080
- Debts after one year +€12,869
up €12,869 (+42.2%), from €30,490 to €43,359
- Current portion of long-term debt -€10,048
down €10,048 (-28.8%), from €34,876 to €24,828
- Gross operating margin -€118,322
down €118,322 (-56.8%), from €208,358 to €90,036
- Staff costs -€47,536
down €47,536 (-31.2%), from €152,255 to €104,719
- Other operating charges -€2,425
down €2,425 (-59.4%), from €4,080 to €1,655
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 | €488,207 | €446,686 | -€41,521 | -8.5% |
| Fixed assets | 21/28 | €63,541 | €34,827 | -€28,714 | -45.2% |
| Tangible fixed assets | 22/27 | €63,541 | €34,827 | -€28,714 | -45.2% |
| Plant, machinery and equipment | 23 | €20,942 | €8,640 | -€12,302 | -58.7% |
| Furniture and vehicles | 24 | €14,871 | €9,831 | -€5,040 | -33.9% |
| Leasing and similar rights | 25 | €27,727 | €16,356 | -€11,371 | -41.0% |
| Current assets | 29/58 | €424,666 | €411,859 | -€12,808 | -3.0% |
| Stocks and contracts in progress | 3 | €73,063 | €128,630 | +€55,567 | +76.1% |
| Stocks | 30/36 | €73,063 | €128,630 | +€55,567 | +76.1% |
| Amounts receivable within one year | 40/41 | €161,590 | €111,035 | -€50,555 | -31.3% |
| Trade receivables | 40 | €99,922 | €96,035 | -€3,886 | -3.9% |
| Other amounts receivable | 41 | €61,668 | €15,000 | -€46,668 | -75.7% |
| Cash at bank and in hand | 54/58 | €183,963 | €161,242 | -€22,721 | -12.4% |
| Deferred charges and accrued income | 490/1 | €6,050 | €10,951 | +€4,901 | +81.0% |
| Total equity and liabilities | 10/49 | €488,207 | €446,686 | -€41,521 | -8.5% |
| Equity | 10/15 | €395,281 | €275,540 | -€119,742 | -30.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,860 | €71,860 | -€70,000 | -49.3% |
| Distributable reserves | 133 | €141,860 | €71,860 | -€70,000 | -49.3% |
| Profit (loss) carried forward | 14 | €234,821 | €185,080 | -€49,742 | -21.2% |
| Amounts payable | 17/49 | €92,926 | €171,146 | +€78,220 | +84.2% |
| Amounts payable after more than one year | 17 | €30,490 | €43,359 | +€12,869 | +42.2% |
| Financial debts | 170/4 | €30,490 | €43,359 | +€12,869 | +42.2% |
| Amounts payable within one year | 42/48 | €62,436 | €127,775 | +€65,339 | +104.7% |
| Current portion of amounts payable after more than one year | 42 | €34,876 | €24,828 | -€10,048 | -28.8% |
| Trade debts | 44 | €5,500 | €6,513 | +€1,013 | +18.4% |
| Suppliers | 440/4 | €5,500 | €6,513 | +€1,013 | +18.4% |
| Taxes, remuneration and social security | 45 | €14,361 | €17,919 | +€3,557 | +24.8% |
| Taxes | 450/3 | €902 | €5,810 | +€4,908 | +544.2% |
| Remuneration and social security | 454/9 | €13,460 | €12,109 | -€1,351 | -10.0% |
| Other amounts payable | 47/48 | €7,699 | €78,516 | +€70,817 | +919.8% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Remuneration, social security and pensions | 62 | €152,255 | €104,719 | -€47,536 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,984 | €28,714 | -€1,271 | -4.2% |
| Other operating charges | 640/8 | €4,080 | €1,655 | -€2,425 | -59.4% |
| Gross operating margin | 9900 | €208,358 | €90,036 | -€118,322 | -56.8% |
| Operating profit (loss) | 9901 | €22,038 | -€45,052 | -€67,090 | |
| Financial charges | 65/66B | €3,836 | €4,690 | +€854 | +22.3% |
| Recurring financial charges | 65 | €3,836 | €4,690 | +€854 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €18,202 | -€49,742 | -€67,944 | |
| Income taxes | 67/77 | €278 | - | -€278 | |
| Profit (loss) for the period | 9904 | €17,924 | -€49,742 | -€67,665 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,924 | -€49,742 | -€67,665 |
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 2 October 2026 via checked.be.