CASTEL WEST: 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 WEST
Largest movements
- Cash -€502,821
down €502,821 (-89.9%), from €559,241 to €56,420
mainly Other debts (-€519,129) and Debts after one year (-€10,718)
- Other debts -€519,129
down €519,129 (-79.5%), from €653,142 to €134,014
- Financial income -€1.1m
down €1.1m (-99.8%), from €1.1m to €1,655
- Gross operating margin +€9,353
up €9,353 (+33.8%), from €27,686 to €37,039
- Other operating charges -€3,577
down €3,577 (-60.4%), from €5,919 to €2,342
- Financial charges -€774
down €774 (-3.8%), from €20,433 to €19,659
- Taxes -€609
down €609 (-100%), from €609 to €0
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 | €2,729,846 | €2,212,548 | -€517,297 | -18.9% |
| Fixed assets | 21/28 | €2,165,418 | €2,155,443 | -€9,975 | -0.5% |
| Tangible fixed assets | 22/27 | €280,706 | €270,731 | -€9,975 | -3.6% |
| Land and buildings | 22 | €280,706 | €270,731 | -€9,975 | -3.6% |
| Financial fixed assets | 28 | €1,884,712 | €1,884,712 | = | 0.0% |
| Current assets | 29/58 | €564,428 | €57,105 | -€507,322 | -89.9% |
| Amounts receivable within one year | 40/41 | €5,000 | €492 | -€4,508 | -90.2% |
| Other amounts receivable | 41 | €5,000 | €492 | -€4,508 | -90.2% |
| Cash at bank and in hand | 54/58 | €559,241 | €56,420 | -€502,821 | -89.9% |
| Deferred charges and accrued income | 490/1 | €186 | €194 | +€7 | +4.0% |
| Total equity and liabilities | 10/49 | €2,729,846 | €2,212,548 | -€517,297 | -18.9% |
| Equity | 10/15 | €1,789,584 | €1,796,303 | +€6,719 | +0.4% |
| Contributions | 10/11 | €508,623 | €508,623 | = | 0.0% |
| Reserves | 13 | €1,280,961 | €1,287,679 | +€6,719 | +0.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,280,961 | €1,287,679 | +€6,719 | +0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €940,262 | €416,245 | -€524,016 | -55.7% |
| Amounts payable after more than one year | 17 | €260,676 | €249,958 | -€10,718 | -4.1% |
| Financial debts | 170/4 | €260,676 | €249,958 | -€10,718 | -4.1% |
| Amounts payable within one year | 42/48 | €679,586 | €166,287 | -€513,298 | -75.5% |
| Current portion of amounts payable after more than one year | 42 | €10,328 | €10,718 | +€390 | +3.8% |
| Trade debts | 44 | €4,281 | €5,962 | +€1,681 | +39.3% |
| Suppliers | 440/4 | €4,281 | €5,962 | +€1,681 | +39.3% |
| Taxes, remuneration and social security | 45 | €11,834 | €15,593 | +€3,759 | +31.8% |
| Taxes | 450/3 | €11,834 | €15,593 | +€3,759 | +31.8% |
| Other amounts payable | 47/48 | €653,142 | €134,014 | -€519,129 | -79.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,975 | €9,975 | = | 0.0% |
| Other operating charges | 640/8 | €5,919 | €2,342 | -€3,577 | -60.4% |
| Gross operating margin | 9900 | €27,686 | €37,039 | +€9,353 | +33.8% |
| Operating profit (loss) | 9901 | €11,792 | €24,723 | +€12,930 | +110% |
| Financial income | 75/76B | €1,100,000 | €1,655 | -€1.1m | -99.8% |
| Recurring financial income | 75 | €1,100,000 | €1,655 | -€1.1m | -99.8% |
| Financial charges | 65/66B | €20,433 | €19,659 | -€774 | -3.8% |
| Recurring financial charges | 65 | €20,433 | €19,659 | -€774 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €1,091,360 | €6,719 | -€1.1m | -99.4% |
| Income taxes | 67/77 | €609 | €0 | -€609 | -100% |
| Profit (loss) for the period | 9904 | €1,090,751 | €6,719 | -€1.1m | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,090,751 | €6,719 | -€1.1m | -99.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.