CASTEL: 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.
CASTEL
Largest movements
- Tangible fixed assets +€751,076
up €751,076 (+160%), from €470,040 to €1.2m
of which Land and buildings: +€791,657
- Cash +€351,801
up €351,801 (+594%), from €59,275 to €411,076
mainly Short-term financial debts (+€1.4m) and Tax, wage and social debts (+€71,534)
- Short-term financial debts +€1.4m
new in 2025: €1.4m
- Current portion of long-term debt -€420,042
down €420,042 (-100%), from €420,042 to €0
- Tax, wage and social debts +€71,534
up €71,534 (+383,768%), from €19 to €71,553
- Gross operating margin +€161,731
up €161,731, from -€19,077 to €142,653
- Financial charges +€24,687
up €24,687 (+119%), from €20,785 to €45,472
- Other operating charges +€15,334
up €15,334 (+212%), from €7,225 to €22,559
- Depreciation +€4,722
up €4,722 (+8.7%), from €54,400 to €59,123
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 | €538,839 | €1,640,242 | +€1.1m | +204% |
| Fixed assets | 21/28 | €470,040 | €1,221,116 | +€751,076 | +160% |
| Tangible fixed assets | 22/27 | €470,040 | €1,221,116 | +€751,076 | +160% |
| Land and buildings | 22 | €268,184 | €1,059,841 | +€791,657 | +295% |
| Plant, machinery and equipment | 23 | €201,856 | €161,275 | -€40,581 | -20.1% |
| Current assets | 29/58 | €68,799 | €419,127 | +€350,328 | +509% |
| Amounts receivable within one year | 40/41 | €5,637 | €5,282 | -€355 | -6.3% |
| Trade receivables | 40 | €0 | €5,208 | +€5,208 | |
| Other amounts receivable | 41 | €5,637 | €73 | -€5,564 | -98.7% |
| Cash at bank and in hand | 54/58 | €59,275 | €411,076 | +€351,801 | +594% |
| Deferred charges and accrued income | 490/1 | €3,886 | €2,769 | -€1,118 | -28.8% |
| Total equity and liabilities | 10/49 | €538,839 | €1,640,242 | +€1.1m | +204% |
| Equity | 10/15 | -€59,011 | -€43,511 | +€15,500 | +26.3% |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€86,011 | -€70,511 | +€15,500 | +18.0% |
| Amounts payable | 17/49 | €597,849 | €1,683,753 | +€1.1m | +182% |
| Amounts payable within one year | 42/48 | €597,849 | €1,683,753 | +€1.1m | +182% |
| Current portion of amounts payable after more than one year | 42 | €420,042 | €0 | -€420,042 | -100% |
| Financial debts | 43 | - | €1,445,880 | +€1.4m | |
| Credit institutions | 430/8 | - | €1,445,880 | +€1.4m | |
| Trade debts | 44 | €101,521 | €89,252 | -€12,269 | -12.1% |
| Suppliers | 440/4 | €101,521 | €89,252 | -€12,269 | -12.1% |
| Taxes, remuneration and social security | 45 | €19 | €71,553 | +€71,534 | +383,768% |
| Taxes | 450/3 | €19 | €71,553 | +€71,534 | +383,768% |
| Other amounts payable | 47/48 | €76,268 | €77,068 | +€800 | +1.0% |
| Non-recurring operating income | 76A | - | €157,638 | +€157,638 | |
| Remuneration, social security and pensions | 62 | -€223 | €0 | +€223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,400 | €59,123 | +€4,722 | +8.7% |
| Other operating charges | 640/8 | €7,225 | €22,559 | +€15,334 | +212% |
| Gross operating margin | 9900 | -€19,077 | €142,653 | +€161,731 | |
| Operating profit (loss) | 9901 | -€80,479 | €60,972 | +€141,451 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €20,785 | €45,472 | +€24,687 | +119% |
| Recurring financial charges | 65 | €20,785 | €45,472 | +€24,687 | +119% |
| Profit (loss) for the period before taxes | 9903 | -€101,264 | €15,500 | +€116,764 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€101,264 | €15,500 | +€116,764 | |
| Profit (loss) for the period to be appropriated | 9905 | -€101,264 | €15,500 | +€116,764 |
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.