CASTEL ENGINEERING: 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.
What changed
CASTEL ENGINEERING
NACE 46.820, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.2m
2024 · €3.5m-€342,950
Equity
€16.3m
2024 · €13.1m+€3.2m
Cash
€1.0m
2024 · €1.5m-€497,623
Balance sheet total
€18.7m
2024 · €15.9m+€2.8m
Largest movements
Assets
- Receivables within one year +€4.8m
up €4.8m (+53.1%), from €9.1m to €14.0m
of which Other amounts receivable: +€8.7m
- Stocks and contracts -€1.0m
down €1.0m (-31.9%), from €3.2m to €2.2m
- Tangible fixed assets -€529,609
down €529,609 (-26.3%), from €2.0m to €1.5m
of which Plant, machinery and equipment: -€285,355
- Cash -€497,623
down €497,623 (-32.3%), from €1.5m to €1.0m
mainly Receivables within one year (-€4.8m) and Accrued charges and deferred income (-€220,881)
Equity and liabilities
- Reserves +€3.2m
up €3.2m (+27.2%), from €11.7m to €14.9m
of which Distributable reserves: +€3.2m
- Accrued charges and deferred income -€220,881
down €220,881 (-77.6%), from €284,457 to €63,576
Income statement
- Turnover +€1.2m
up €1.2m (+5.6%), from €21.1m to €22.3m
- Goods and materials +€1.1m
up €1.1m (+13.2%), from €8.6m to €9.8m
of which Purchases: +€729,080
- Financial income -€396,311
down €396,311 (-60.6%), from €654,320 to €258,009
- Financial charges +€306,384
up €306,384 (+72.2%), from €424,415 to €730,798
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.
Result 2024
€3.5m
Turnover
+€1.2m
Other operating income
-€194,019
Goods and materials
-€1.1m
Services and other goods
+€212,229
Staff costs
-€117,709
Depreciation
+€142,202
Other operating charges
+€2,205
Other operating items
+€183,484
Financial income
-€396,311
Financial charges
-€306,384
Taxes
+€79,861
Result 2025
€3.2m
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.
From operations
-€206,243
Investment
-€77,698
Financing
-€213,682
Cash 2024
€1.5m
From operations (derived)
-€206,243
Net result for the year
+€3.2m
Depreciation
+€644,357
Stocks and contracts
+€1.0m
Receivables within one year
-€4.8m
Deferred charges and accrued income
-€34,182
Trade debts
+€164,473
Tax, wage and social debts
-€88,663
Advances received
-€31,732
Other debts
+€141
Accrued charges and deferred income
-€220,881
Investment (derived)
-€77,698
Investment in fixed assets (net)
-€77,698
Financing
-€213,682
Debts after one year
-€127,754
Current portion of long-term debt
-€82,653
Contributions, distributions and other
-€3,275
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,945,813 | €18,738,622 | +€2.8m | +17.5% |
| Fixed assets | 21/28 | €2,075,078 | €1,508,419 | -€566,659 | -27.3% |
| Intangible fixed assets | 21 | €58,632 | €21,582 | -€37,050 | -63.2% |
| Tangible fixed assets | 22/27 | €2,015,081 | €1,485,472 | -€529,609 | -26.3% |
| Plant, machinery and equipment | 23 | €1,220,635 | €935,280 | -€285,355 | -23.4% |
| Furniture and vehicles | 24 | €152,488 | €110,844 | -€41,644 | -27.3% |
| Leasing and similar rights | 25 | €369,608 | €164,345 | -€205,263 | -55.5% |
| Other tangible fixed assets | 26 | €272,351 | €254,470 | -€17,880 | -6.6% |
| Assets under construction and advance payments | 27 | - | €20,533 | +€20,533 | |
| Financial fixed assets | 28 | €1,365 | €1,365 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,365 | €1,365 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,365 | €1,365 | = | 0.0% |
| Current assets | 29/58 | €13,870,735 | €17,230,203 | +€3.4m | +24.2% |
| Stocks and contracts in progress | 3 | €3,192,870 | €2,175,893 | -€1.0m | -31.9% |
| Stocks | 30/36 | €3,192,870 | €2,175,893 | -€1.0m | -31.9% |
| Raw materials and consumables | 30/31 | €709,550 | €622,861 | -€86,689 | -12.2% |
| Work in progress | 32 | €216,703 | €242,939 | +€26,236 | +12.1% |
| Finished goods | 33 | €1,551,881 | €855,787 | -€696,094 | -44.9% |
| Goods purchased for resale | 34 | €714,736 | €454,306 | -€260,430 | -36.4% |
| Amounts receivable within one year | 40/41 | €9,122,046 | €13,961,933 | +€4.8m | +53.1% |
| Trade receivables | 40 | €6,795,672 | €2,965,266 | -€3.8m | -56.4% |
| Other amounts receivable | 41 | €2,326,375 | €10,996,666 | +€8.7m | +372.7% |
| Cash at bank and in hand | 54/58 | €1,542,120 | €1,044,497 | -€497,623 | -32.3% |
| Deferred charges and accrued income | 490/1 | €13,699 | €47,881 | +€34,182 | +249.5% |
| Total equity and liabilities | 10/49 | €15,945,813 | €18,738,622 | +€2.8m | +17.5% |
| Equity | 10/15 | €13,098,089 | €16,277,967 | +€3.2m | +24.3% |
| Contributions | 10/11 | €1,394,000 | €1,394,000 | = | 0.0% |
| Reserves | 13 | €11,697,815 | €14,880,968 | +€3.2m | +27.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €11,697,815 | €14,880,968 | +€3.2m | +27.2% |
| Investment grants | 15 | €6,274 | €2,999 | -€3,275 | -52.2% |
| Amounts payable | 17/49 | €2,847,724 | €2,460,655 | -€387,069 | -13.6% |
| Amounts payable after more than one year | 17 | €161,287 | €33,534 | -€127,754 | -79.2% |
| Financial debts | 170/4 | €161,287 | €33,534 | -€127,754 | -79.2% |
| Leasing and similar obligations | 172 | €161,287 | €33,534 | -€127,754 | -79.2% |
| Amounts payable within one year | 42/48 | €2,401,979 | €2,363,545 | -€38,434 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €207,759 | €125,106 | -€82,653 | -39.8% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €1,457,375 | €1,621,847 | +€164,473 | +11.3% |
| Suppliers | 440/4 | €1,457,375 | €1,621,847 | +€164,473 | +11.3% |
| Advances received on contracts in progress | 46 | €67,195 | €35,463 | -€31,732 | -47.2% |
| Taxes, remuneration and social security | 45 | €669,649 | €580,986 | -€88,663 | -13.2% |
| Taxes | 450/3 | €224,057 | €139,210 | -€84,847 | -37.9% |
| Remuneration and social security | 454/9 | €445,592 | €441,776 | -€3,816 | -0.9% |
| Other amounts payable | 47/48 | €1 | €142 | +€141 | +12361.4% |
| Accrued charges and deferred income | 492/3 | €284,457 | €63,576 | -€220,881 | -77.6% |
| Operating income | 70/76A | €20,624,960 | €21,794,492 | +€1.2m | +5.7% |
| Turnover | 70 | €21,140,245 | €22,330,420 | +€1.2m | +5.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€810,127 | -€669,858 | +€140,269 | +17.3% |
| Other operating income | 74 | €290,063 | €96,045 | -€194,019 | -66.9% |
| Non-recurring operating income | 76A | €4,779 | €37,885 | +€33,106 | +692.7% |
| Operating charges | 60/66A | €16,143,762 | €17,033,410 | +€889,648 | +5.5% |
| Goods for resale, raw materials and consumables | 60 | €8,633,307 | €9,771,992 | +€1.1m | +13.2% |
| Purchases | 600/8 | €8,695,792 | €9,424,873 | +€729,080 | +8.4% |
| Change in stocks: decrease (increase) | 609 | -€62,485 | €347,119 | +€409,604 | |
| Services and other goods | 61 | €3,687,216 | €3,474,988 | -€212,229 | -5.8% |
| Remuneration, social security and pensions | 62 | €3,004,463 | €3,122,172 | +€117,709 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €786,559 | €644,357 | -€142,202 | -18.1% |
| Other operating charges | 640/8 | €18,893 | €16,688 | -€2,205 | -11.7% |
| Non-recurring operating charges | 66A | €13,323 | €3,213 | -€10,110 | -75.9% |
| Operating profit (loss) | 9901 | €4,481,198 | €4,761,082 | +€279,883 | +6.2% |
| Financial income | 75/76B | €654,320 | €258,009 | -€396,311 | -60.6% |
| Recurring financial income | 75 | €654,320 | €258,009 | -€396,311 | -60.6% |
| Income from current assets | 751 | €579,920 | €219,824 | -€360,096 | -62.1% |
| Other financial income | 752/9 | €74,400 | €38,185 | -€36,215 | -48.7% |
| Financial charges | 65/66B | €424,415 | €730,798 | +€306,384 | +72.2% |
| Recurring financial charges | 65 | €424,415 | €730,798 | +€306,384 | +72.2% |
| Debt charges | 650 | €227,827 | €3,109 | -€224,718 | -98.6% |
| Other financial charges | 652/9 | €196,587 | €727,689 | +€531,102 | +270.2% |
| Profit (loss) for the period before taxes | 9903 | €4,711,103 | €4,288,292 | -€422,812 | -9.0% |
| Income taxes | 67/77 | €1,185,000 | €1,105,139 | -€79,861 | -6.7% |
| Taxes | 670/3 | €1,185,000 | €1,105,139 | -€79,861 | -6.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €3,526,103 | €3,183,153 | -€342,950 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,526,103 | €3,183,153 | -€342,950 | -9.7% |
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 2 October 2026 via checked.be.