CASTEDO: 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.
CASTEDO
Largest movements
- Cash -€10,537
down €10,537 (-50.6%), from €20,830 to €10,293
mainly Net result for the year (-€43,646) and Investment in fixed assets (net) (-€31,800)
- Reserves -€43,646
down €43,646 (-25.9%), from €168,804 to €125,157
of which Distributable reserves: -€43,646
- Trade debts +€31,859
up €31,859 (+10.0%), from €318,266 to €350,126
- Gross operating margin -€24,780
down €24,780, from €18,977 to -€5,803
- Depreciation +€7,633
up €7,633 (+30.0%), from €25,417 to €33,050
- Other operating charges -€1,304
down €1,304 (-20.2%), from €6,454 to €5,150
- Financial income +€760
up €760 (+1524.2%), from €50 to €810
- Financial charges +€425
up €425 (+1492.5%), from €29 to €454
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 | €658,177 | €646,390 | -€11,787 | -1.8% |
| Fixed assets | 21/28 | €637,347 | €636,097 | -€1,250 | -0.2% |
| Tangible fixed assets | 22/27 | €637,347 | €636,097 | -€1,250 | -0.2% |
| Land and buildings | 22 | €637,347 | €636,097 | -€1,250 | -0.2% |
| Current assets | 29/58 | €20,830 | €10,293 | -€10,537 | -50.6% |
| Cash at bank and in hand | 54/58 | €20,830 | €10,293 | -€10,537 | -50.6% |
| Total equity and liabilities | 10/49 | €658,177 | €646,390 | -€11,787 | -1.8% |
| Equity | 10/15 | €305,804 | €262,157 | -€43,646 | -14.3% |
| Contributions | 10/11 | €137,000 | €137,000 | = | 0.0% |
| Capital | 10 | €137,000 | €137,000 | = | 0.0% |
| Issued capital | 100 | €137,000 | €137,000 | = | 0.0% |
| Reserves | 13 | €168,804 | €125,157 | -€43,646 | -25.9% |
| Non-distributable reserves | 130/1 | €13,634 | €13,634 | = | 0.0% |
| Legal reserve | 130 | €13,634 | €13,634 | = | 0.0% |
| Distributable reserves | 133 | €155,169 | €111,523 | -€43,646 | -28.1% |
| Amounts payable | 17/49 | €352,374 | €384,233 | +€31,859 | +9.0% |
| Amounts payable within one year | 42/48 | €352,374 | €384,233 | +€31,859 | +9.0% |
| Trade debts | 44 | €318,266 | €350,126 | +€31,859 | +10.0% |
| Suppliers | 440/4 | €318,266 | €350,126 | +€31,859 | +10.0% |
| Other amounts payable | 47/48 | €34,107 | €34,107 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,417 | €33,050 | +€7,633 | +30.0% |
| Other operating charges | 640/8 | €6,454 | €5,150 | -€1,304 | -20.2% |
| Gross operating margin | 9900 | €18,977 | -€5,803 | -€24,780 | |
| Operating profit (loss) | 9901 | -€12,894 | -€44,003 | -€31,109 | -241.3% |
| Financial income | 75/76B | €50 | €810 | +€760 | +1524.2% |
| Recurring financial income | 75 | €50 | €810 | +€760 | +1524.2% |
| Financial charges | 65/66B | €29 | €454 | +€425 | +1492.5% |
| Recurring financial charges | 65 | €29 | €454 | +€425 | +1492.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,872 | -€43,646 | -€30,774 | -239.1% |
| Profit (loss) for the period | 9904 | -€12,872 | -€43,646 | -€30,774 | -239.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,872 | -€43,646 | -€30,774 | -239.1% |
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 5 October 2026 via checked.be.