CASTEAU RESORT: 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.
CASTEAU RESORT
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Tangible fixed assets +€133,771
up €133,771 (+4.7%), from €2.8m to €3.0m
of which Plant, machinery and equipment: +€306,277
- Cash +€86,401
up €86,401 (+75.6%), from €114,332 to €200,733
mainly Depreciation (+€490,342) and Debts after one year (+€217,401)
- Intangible fixed assets -€79,300
down €79,300 (-10.0%), from €793,004 to €713,704
- Debts after one year +€217,401
up €217,401 (+25.4%), from €854,975 to €1.1m
- Tax, wage and social debts +€130,859
up €130,859 (+190%), from €68,766 to €199,626
of which Taxes: +€90,683
- Other debts +€95,000
up €95,000 (+89.3%), from €106,361 to €201,361
- Profit (loss) carried forward -€89,140
down €89,140 (-33.3%), from €267,337 to €178,197
- Gross operating margin +€221,178
up €221,178 (+16.4%), from €1.3m to €1.6m
- Staff costs +€214,716
up €214,716 (+36.3%), from €591,250 to €805,966
- Taxes +€85,555
up €85,555 (+44,320%), from €193 to €85,748
- Depreciation +€72,799
up €72,799 (+17.4%), from €417,544 to €490,342
- Financial charges +€17,704
up €17,704 (+32.8%), from €53,998 to €71,701
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 | €4,043,045 | €4,367,296 | +€324,252 | +8.0% |
| Fixed assets | 21/28 | €3,630,592 | €3,685,063 | +€54,471 | +1.5% |
| Intangible fixed assets | 21 | €793,004 | €713,704 | -€79,300 | -10.0% |
| Tangible fixed assets | 22/27 | €2,837,588 | €2,971,359 | +€133,771 | +4.7% |
| Land and buildings | 22 | €2,045,675 | €1,876,318 | -€169,357 | -8.3% |
| Plant, machinery and equipment | 23 | €724,425 | €1,030,702 | +€306,277 | +42.3% |
| Furniture and vehicles | 24 | €67,488 | €64,339 | -€3,149 | -4.7% |
| Current assets | 29/58 | €412,452 | €682,233 | +€269,781 | +65.4% |
| Stocks and contracts in progress | 3 | €11,353 | €11,968 | +€615 | +5.4% |
| Stocks | 30/36 | €11,353 | €11,968 | +€615 | +5.4% |
| Amounts receivable within one year | 40/41 | €286,767 | €269,334 | -€17,433 | -6.1% |
| Trade receivables | 40 | €44,399 | €39,142 | -€5,256 | -11.8% |
| Other amounts receivable | 41 | €242,369 | €230,192 | -€12,177 | -5.0% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €114,332 | €200,733 | +€86,401 | +75.6% |
| Deferred charges and accrued income | 490/1 | - | €197 | +€197 | |
| Total equity and liabilities | 10/49 | €4,043,045 | €4,367,296 | +€324,252 | +8.0% |
| Equity | 10/15 | €2,682,682 | €2,556,371 | -€126,311 | -4.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,100,000 | €2,100,000 | = | 0.0% |
| Reserves | 13 | €16,828 | €7,934 | -€8,894 | -52.9% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,828 | €934 | -€8,894 | -90.5% |
| Profit (loss) carried forward | 14 | €267,337 | €178,197 | -€89,140 | -33.3% |
| Investment grants | 15 | €228,518 | €200,240 | -€28,277 | -12.4% |
| Provisions and deferred taxes | 16 | €3,249 | €285 | -€2,965 | -91.2% |
| Deferred taxes | 168 | €3,249 | €285 | -€2,965 | -91.2% |
| Amounts payable | 17/49 | €1,357,113 | €1,810,640 | +€453,527 | +33.4% |
| Amounts payable after more than one year | 17 | €854,975 | €1,072,376 | +€217,401 | +25.4% |
| Financial debts | 170/4 | €854,975 | €1,072,376 | +€217,401 | +25.4% |
| Amounts payable within one year | 42/48 | €502,138 | €738,264 | +€236,127 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €246,651 | €254,816 | +€8,165 | +3.3% |
| Trade debts | 44 | €71,058 | €74,292 | +€3,233 | +4.6% |
| Suppliers | 440/4 | €71,058 | €74,292 | +€3,233 | +4.6% |
| Advances received on contracts in progress | 46 | €9,302 | €8,170 | -€1,132 | -12.2% |
| Taxes, remuneration and social security | 45 | €68,766 | €199,626 | +€130,859 | +190% |
| Taxes | 450/3 | €5,019 | €95,702 | +€90,683 | +1,807% |
| Remuneration and social security | 454/9 | €63,748 | €103,924 | +€40,176 | +63.0% |
| Other amounts payable | 47/48 | €106,361 | €201,361 | +€95,000 | +89.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €591,250 | €805,966 | +€214,716 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417,544 | €490,342 | +€72,799 | +17.4% |
| Other operating charges | 640/8 | €57,934 | €60,349 | +€2,415 | +4.2% |
| Non-recurring operating charges | 66A | €105,000 | €0 | -€105,000 | -100% |
| Gross operating margin | 9900 | €1,348,135 | €1,569,313 | +€221,178 | +16.4% |
| Operating profit (loss) | 9901 | €176,408 | €212,656 | +€36,248 | +20.5% |
| Financial income | 75/76B | €32,808 | €43,796 | +€10,988 | +33.5% |
| Recurring financial income | 75 | €32,808 | €43,796 | +€10,988 | +33.5% |
| Financial charges | 65/66B | €53,998 | €71,701 | +€17,704 | +32.8% |
| Recurring financial charges | 65 | €53,998 | €71,701 | +€17,704 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €155,218 | €184,750 | +€29,533 | +19.0% |
| Transfer from deferred taxes | 780 | €2,965 | €2,965 | = | 0.0% |
| Income taxes | 67/77 | €193 | €85,748 | +€85,555 | +44,320% |
| Profit (loss) for the period | 9904 | €157,989 | €101,966 | -€56,023 | -35.5% |
| Transfer from tax-exempt reserves | 789 | €8,894 | €8,894 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €166,883 | €110,860 | -€56,023 | -33.6% |
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 25 October 2026 via checked.be.