CASTEL PROJECTS: 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.
CASTEL PROJECTS
Largest movements
- Cash +€92,716
up €92,716 (+28.9%), from €320,892 to €413,608
mainly Net result for the year (+€120,105) and Depreciation (+€49,741)
- Stocks and contracts +€49,255
up €49,255 (+38.0%), from €129,766 to €179,021
- Tangible fixed assets -€45,814
down €45,814 (-24.1%), from €189,972 to €144,158
of which Plant, machinery and equipment: -€24,333
- Receivables within one year +€39,886
up €39,886 (+22.8%), from €174,761 to €214,647
of which Trade receivables: +€43,178
- Reserves +€120,105
up €120,105 (+23.5%), from €510,398 to €630,503
- Debts after one year -€45,389
down €45,389 (-66.3%), from €68,488 to €23,099
- Tax, wage and social debts +€44,677
up €44,677 (+155.2%), from €28,781 to €73,458
of which Taxes: +€46,106
- Accrued charges and deferred income +€33,220
new in 2025: €33,220
- Trade debts -€15,940
down €15,940 (-11.3%), from €141,161 to €125,221
- Gross operating margin +€53,126
up €53,126 (+20.6%), from €258,101 to €311,226
- Taxes +€21,686
up €21,686 (+59.1%), from €36,708 to €58,394
- Depreciation -€3,304
down €3,304 (-6.2%), from €53,045 to €49,741
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 | €839,997 | €973,297 | +€133,300 | +15.9% |
| Fixed assets | 21/28 | €189,972 | €144,158 | -€45,814 | -24.1% |
| Tangible fixed assets | 22/27 | €189,972 | €144,158 | -€45,814 | -24.1% |
| Land and buildings | 22 | €90,175 | €76,475 | -€13,700 | -15.2% |
| Plant, machinery and equipment | 23 | €57,619 | €33,287 | -€24,333 | -42.2% |
| Furniture and vehicles | 24 | €42,178 | €34,397 | -€7,781 | -18.4% |
| Current assets | 29/58 | €650,025 | €829,138 | +€179,113 | +27.6% |
| Stocks and contracts in progress | 3 | €129,766 | €179,021 | +€49,255 | +38.0% |
| Stocks | 30/36 | €129,766 | €179,021 | +€49,255 | +38.0% |
| Amounts receivable within one year | 40/41 | €174,761 | €214,647 | +€39,886 | +22.8% |
| Trade receivables | 40 | €171,469 | €214,647 | +€43,178 | +25.2% |
| Other amounts receivable | 41 | €3,292 | - | -€3,292 | |
| Cash at bank and in hand | 54/58 | €320,892 | €413,608 | +€92,716 | +28.9% |
| Deferred charges and accrued income | 490/1 | €24,606 | €21,862 | -€2,744 | -11.2% |
| Total equity and liabilities | 10/49 | €839,997 | €973,297 | +€133,300 | +15.9% |
| Equity | 10/15 | €528,998 | €649,103 | +€120,105 | +22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €510,398 | €630,503 | +€120,105 | +23.5% |
| Distributable reserves | 133 | €510,398 | €630,503 | +€120,105 | +23.5% |
| Amounts payable | 17/49 | €310,999 | €324,194 | +€13,195 | +4.2% |
| Amounts payable after more than one year | 17 | €68,488 | €23,099 | -€45,389 | -66.3% |
| Financial debts | 170/4 | €68,488 | €23,099 | -€45,389 | -66.3% |
| Amounts payable within one year | 42/48 | €242,511 | €267,875 | +€25,364 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €44,862 | €45,389 | +€527 | +1.2% |
| Trade debts | 44 | €141,161 | €125,221 | -€15,940 | -11.3% |
| Suppliers | 440/4 | €141,161 | €125,221 | -€15,940 | -11.3% |
| Taxes, remuneration and social security | 45 | €28,781 | €73,458 | +€44,677 | +155.2% |
| Taxes | 450/3 | €18,973 | €65,079 | +€46,106 | +243.0% |
| Remuneration and social security | 454/9 | €9,808 | €8,379 | -€1,429 | -14.6% |
| Other amounts payable | 47/48 | €27,707 | €23,807 | -€3,900 | -14.1% |
| Accrued charges and deferred income | 492/3 | - | €33,220 | +€33,220 | |
| Non-recurring operating income | 76A | €7,435 | - | -€7,435 | |
| Remuneration, social security and pensions | 62 | €82,195 | €79,984 | -€2,210 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,045 | €49,741 | -€3,304 | -6.2% |
| Other operating charges | 640/8 | €4,404 | €2,569 | -€1,835 | -41.7% |
| Non-recurring operating charges | 66A | €1,195 | €1,196 | +€0 | 0.0% |
| Gross operating margin | 9900 | €258,101 | €311,226 | +€53,126 | +20.6% |
| Operating profit (loss) | 9901 | €117,262 | €177,736 | +€60,475 | +51.6% |
| Financial income | 75/76B | €2,559 | €4,853 | +€2,294 | +89.6% |
| Recurring financial income | 75 | €2,559 | €4,853 | +€2,294 | +89.6% |
| Financial charges | 65/66B | €5,136 | €4,091 | -€1,045 | -20.4% |
| Recurring financial charges | 65 | €5,136 | €4,091 | -€1,045 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €114,685 | €178,499 | +€63,814 | +55.6% |
| Income taxes | 67/77 | €36,708 | €58,394 | +€21,686 | +59.1% |
| Profit (loss) for the period | 9904 | €77,977 | €120,105 | +€42,128 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,977 | €120,105 | +€42,128 | +54.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.