Casteel: 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.
Casteel
Largest movements
- Receivables within one year +€21,563
up €21,563 (+537%), from €4,013 to €25,576
of which Trade receivables: +€21,272
- Tangible fixed assets -€2,335
down €2,335 (-6.8%), from €34,321 to €31,986
- Cash +€2,096
up €2,096 (+3.0%), from €69,836 to €71,932
mainly Net result for the year (+€31,893) and Tax, wage and social debts (+€14,742)
- Reserves +€31,970
up €31,970 (+63.4%), from €50,430 to €82,400
- Trade debts -€29,253
down €29,253 (-97.8%), from €29,916 to €663
- Tax, wage and social debts +€14,742
up €14,742 (+71.4%), from €20,642 to €35,384
of which Taxes: +€11,920
- Other debts +€3,714
up €3,714 (+525%), from €708 to €4,422
- Gross operating margin -€8,820
down €8,820 (-14.2%), from €61,946 to €53,126
- Depreciation +€7,754
up €7,754 (+680%), from €1,140 to €8,894
- Taxes -€2,517
down €2,517 (-18.9%), from €13,323 to €10,806
- Financial charges +€697
up €697 (+397%), from €176 to €872
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 | €108,973 | €130,069 | +€21,096 | +19.4% |
| Fixed assets | 21/28 | €34,321 | €31,986 | -€2,335 | -6.8% |
| Tangible fixed assets | 22/27 | €34,321 | €31,986 | -€2,335 | -6.8% |
| Furniture and vehicles | 24 | €34,321 | €31,986 | -€2,335 | -6.8% |
| Current assets | 29/58 | €74,652 | €98,083 | +€23,431 | +31.4% |
| Amounts receivable within one year | 40/41 | €4,013 | €25,576 | +€21,563 | +537% |
| Trade receivables | 40 | €3,908 | €25,180 | +€21,272 | +544% |
| Other amounts receivable | 41 | €105 | €396 | +€291 | +278% |
| Cash at bank and in hand | 54/58 | €69,836 | €71,932 | +€2,096 | +3.0% |
| Deferred charges and accrued income | 490/1 | €803 | €575 | -€228 | -28.4% |
| Total equity and liabilities | 10/49 | €108,973 | €130,069 | +€21,096 | +19.4% |
| Equity | 10/15 | €56,508 | €88,400 | +€31,893 | +56.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €50,430 | €82,400 | +€31,970 | +63.4% |
| Distributable reserves | 133 | €50,430 | €82,400 | +€31,970 | +63.4% |
| Profit (loss) carried forward | 14 | €77 | - | -€77 | |
| Amounts payable | 17/49 | €52,465 | €41,669 | -€10,797 | -20.6% |
| Amounts payable within one year | 42/48 | €51,265 | €40,469 | -€10,797 | -21.1% |
| Trade debts | 44 | €29,916 | €663 | -€29,253 | -97.8% |
| Suppliers | 440/4 | €29,916 | €663 | -€29,253 | -97.8% |
| Taxes, remuneration and social security | 45 | €20,642 | €35,384 | +€14,742 | +71.4% |
| Taxes | 450/3 | €20,642 | €32,562 | +€11,920 | +57.7% |
| Remuneration and social security | 454/9 | - | €2,822 | +€2,822 | |
| Other amounts payable | 47/48 | €708 | €4,422 | +€3,714 | +525% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,140 | €8,894 | +€7,754 | +680% |
| Other operating charges | 640/8 | €507 | €706 | +€199 | +39.2% |
| Non-recurring operating charges | 66A | - | €7 | +€7 | |
| Gross operating margin | 9900 | €61,946 | €53,126 | -€8,820 | -14.2% |
| Operating profit (loss) | 9901 | €60,299 | €43,520 | -€16,780 | -27.8% |
| Financial income | 75/76B | €1 | €52 | +€51 | +9,123% |
| Recurring financial income | 75 | €1 | €52 | +€51 | +9,123% |
| Financial charges | 65/66B | €176 | €872 | +€697 | +397% |
| Recurring financial charges | 65 | €176 | €872 | +€697 | +397% |
| Profit (loss) for the period before taxes | 9903 | €60,124 | €42,699 | -€17,425 | -29.0% |
| Income taxes | 67/77 | €13,323 | €10,806 | -€2,517 | -18.9% |
| Profit (loss) for the period | 9904 | €46,801 | €31,893 | -€14,908 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,801 | €31,893 | -€14,908 | -31.9% |
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 13 October 2026 via checked.be.