Castagno: 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.
Castagno
Largest movements
- Receivables within one year -€32,377
down €32,377 (-36.4%), from €88,929 to €56,552
of which Other amounts receivable: -€17,933
- Cash -€30,476
down €30,476 (-38.7%), from €78,847 to €48,371
mainly Contributions, distributions and other (-€82,183) and Deferred charges and accrued income (-€15,865)
- Deferred charges and accrued income +€15,865
up €15,865 (+629%), from €2,524 to €18,388
- Reserves -€74,340
down €74,340 (-13.7%), from €541,599 to €467,258
- Other debts +€39,669
up €39,669 (+93.3%), from €42,514 to €82,183
- Tax, wage and social debts -€14,058
down €14,058 (-49.7%), from €28,264 to €14,206
- Gross operating margin -€21,333
down €21,333 (-50.8%), from €42,019 to €20,686
- Taxes -€4,442
down €4,442 (-38.7%), from €11,478 to €7,037
- Other operating charges +€901
up €901 (+132%), from €684 to €1,586
- Depreciation -€766
down €766 (-16.4%), from €4,680 to €3,914
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 | €620,613 | €572,603 | -€48,010 | -7.7% |
| Fixed assets | 21/28 | €25,314 | €24,292 | -€1,022 | -4.0% |
| Tangible fixed assets | 22/27 | €7,414 | €6,392 | -€1,022 | -13.8% |
| Plant, machinery and equipment | 23 | €3,437 | €2,487 | -€951 | -27.7% |
| Furniture and vehicles | 24 | €3,977 | €3,905 | -€71 | -1.8% |
| Financial fixed assets | 28 | €17,900 | €17,900 | = | 0.0% |
| Current assets | 29/58 | €595,299 | €548,311 | -€46,988 | -7.9% |
| Amounts receivable within one year | 40/41 | €88,929 | €56,552 | -€32,377 | -36.4% |
| Trade receivables | 40 | €37,973 | €23,529 | -€14,444 | -38.0% |
| Other amounts receivable | 41 | €50,956 | €33,023 | -€17,933 | -35.2% |
| Current investments | 50/53 | €425,000 | €425,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €78,847 | €48,371 | -€30,476 | -38.7% |
| Deferred charges and accrued income | 490/1 | €2,524 | €18,388 | +€15,865 | +629% |
| Total equity and liabilities | 10/49 | €620,613 | €572,603 | -€48,010 | -7.7% |
| Equity | 10/15 | €547,799 | €473,458 | -€74,340 | -13.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €541,599 | €467,258 | -€74,340 | -13.7% |
| Distributable reserves | 133 | €541,599 | €467,258 | -€74,340 | -13.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,814 | €99,145 | +€26,331 | +36.2% |
| Amounts payable within one year | 42/48 | €72,814 | €99,145 | +€26,331 | +36.2% |
| Financial debts | 43 | €13 | €1,200 | +€1,187 | +9,202% |
| Credit institutions | 430/8 | €13 | €1,200 | +€1,187 | +9,202% |
| Trade debts | 44 | €2,023 | €1,556 | -€467 | -23.1% |
| Suppliers | 440/4 | €2,023 | €1,556 | -€467 | -23.1% |
| Taxes, remuneration and social security | 45 | €28,264 | €14,206 | -€14,058 | -49.7% |
| Taxes | 450/3 | €28,264 | €14,206 | -€14,058 | -49.7% |
| Other amounts payable | 47/48 | €42,514 | €82,183 | +€39,669 | +93.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,680 | €3,914 | -€766 | -16.4% |
| Other operating charges | 640/8 | €684 | €1,586 | +€901 | +132% |
| Gross operating margin | 9900 | €42,019 | €20,686 | -€21,333 | -50.8% |
| Operating profit (loss) | 9901 | €36,655 | €15,187 | -€21,468 | -58.6% |
| Financial income | 75/76B | €23 | €0 | -€23 | -100% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -100% |
| Financial charges | 65/66B | €95 | €308 | +€212 | +223% |
| Recurring financial charges | 65 | €95 | €308 | +€212 | +223% |
| Profit (loss) for the period before taxes | 9903 | €36,582 | €14,879 | -€21,703 | -59.3% |
| Income taxes | 67/77 | €11,478 | €7,037 | -€4,442 | -38.7% |
| Profit (loss) for the period | 9904 | €25,104 | €7,842 | -€17,261 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,104 | €7,842 | -€17,261 | -68.8% |
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 14 October 2026 via checked.be.