CASTELAIN GREGORY: 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.
CASTELAIN GREGORY
Largest movements
- Tangible fixed assets +€43,176
up €43,176 (+18.2%), from €237,476 to €280,653
of which Furniture and vehicles: +€53,354
- Cash -€19,249
down €19,249 (-42.3%), from €45,456 to €26,207
mainly Investment in fixed assets (net) (-€62,282) and Contributions, distributions and other (-€19,577)
- Receivables within one year -€7,696
down €7,696 (-97.8%), from €7,866 to €171
of which Trade receivables: -€7,187
- Current portion of long-term debt +€13,330
up €13,330 (+102%), from €13,085 to €26,415
- Tax, wage and social debts -€8,023
down €8,023 (-62.2%), from €12,891 to €4,867
- Debts after one year +€7,180
up €7,180 (+6.0%), from €119,198 to €126,377
of which Financial debts: +€7,180
- Reserves +€5,032
up €5,032 (+3.8%), from €133,338 to €138,369
- Gross operating margin +€10,626
up €10,626 (+20.6%), from €51,657 to €62,283
- Depreciation +€6,928
up €6,928 (+56.9%), from €12,178 to €19,106
- Financial charges +€2,375
up €2,375 (+44.9%), from €5,287 to €7,662
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 | €298,532 | €312,717 | +€14,185 | +4.8% |
| Fixed assets | 21/28 | €237,476 | €280,653 | +€43,176 | +18.2% |
| Tangible fixed assets | 22/27 | €237,476 | €280,653 | +€43,176 | +18.2% |
| Land and buildings | 22 | €227,061 | €218,421 | -€8,639 | -3.8% |
| Plant, machinery and equipment | 23 | €4,515 | €2,976 | -€1,538 | -34.1% |
| Furniture and vehicles | 24 | €5,901 | €59,255 | +€53,354 | +904% |
| Current assets | 29/58 | €61,056 | €32,064 | -€28,991 | -47.5% |
| Amounts receivable within one year | 40/41 | €7,866 | €171 | -€7,696 | -97.8% |
| Trade receivables | 40 | €7,187 | - | -€7,187 | |
| Other amounts receivable | 41 | €679 | €171 | -€509 | -74.9% |
| Cash at bank and in hand | 54/58 | €45,456 | €26,207 | -€19,249 | -42.3% |
| Deferred charges and accrued income | 490/1 | €7,733 | €5,687 | -€2,046 | -26.5% |
| Total equity and liabilities | 10/49 | €298,532 | €312,717 | +€14,185 | +4.8% |
| Equity | 10/15 | €135,030 | €140,062 | +€5,032 | +3.7% |
| Contributions | 10/11 | €1,693 | €1,693 | = | 0.0% |
| Reserves | 13 | €133,338 | €138,369 | +€5,032 | +3.8% |
| Distributable reserves | 133 | €133,338 | €138,369 | +€5,032 | +3.8% |
| Amounts payable | 17/49 | €163,502 | €172,655 | +€9,153 | +5.6% |
| Amounts payable after more than one year | 17 | €119,198 | €126,377 | +€7,180 | +6.0% |
| Financial debts | 170/4 | €117,427 | €124,606 | +€7,180 | +6.1% |
| Other amounts payable | 178/9 | €1,771 | €1,771 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,219 | €46,278 | +€2,059 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €13,085 | €26,415 | +€13,330 | +102% |
| Trade debts | 44 | €241 | - | -€241 | |
| Suppliers | 440/4 | €241 | - | -€241 | |
| Taxes, remuneration and social security | 45 | €12,891 | €4,867 | -€8,023 | -62.2% |
| Taxes | 450/3 | €12,891 | €4,867 | -€8,023 | -62.2% |
| Other amounts payable | 47/48 | €18,003 | €14,996 | -€3,007 | -16.7% |
| Accrued charges and deferred income | 492/3 | €85 | - | -€85 | |
| Non-recurring operating income | 76A | - | €3,832 | +€3,832 | |
| Remuneration, social security and pensions | 62 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,178 | €19,106 | +€6,928 | +56.9% |
| Other operating charges | 640/8 | €1,106 | €1,139 | +€33 | +3.0% |
| Gross operating margin | 9900 | €51,657 | €62,283 | +€10,626 | +20.6% |
| Operating profit (loss) | 9901 | €38,122 | €41,788 | +€3,666 | +9.6% |
| Financial income | 75/76B | €36 | - | -€36 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Financial charges | 65/66B | €5,287 | €7,662 | +€2,375 | +44.9% |
| Recurring financial charges | 65 | €5,287 | €7,662 | +€2,375 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €32,871 | €34,126 | +€1,255 | +3.8% |
| Income taxes | 67/77 | €9,485 | €9,517 | +€33 | +0.3% |
| Profit (loss) for the period | 9904 | €23,386 | €24,609 | +€1,222 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,386 | €24,609 | +€1,222 | +5.2% |
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 17 October 2026 via checked.be.