CASTELAS: 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.
CASTELAS
Largest movements
- Cash -€46,098
down €46,098 (-39.6%), from €116,312 to €70,213
mainly Contributions, distributions and other (-€55,685) and Receivables within one year (-€30,077)
- Receivables within one year +€30,077
up €30,077 (+266%), from €11,301 to €41,377
of which Other amounts receivable: +€30,317
- Tangible fixed assets -€6,208
down €6,208 (-36.0%), from €17,255 to €11,047
- Other debts -€12,073
down €12,073 (-20.3%), from €59,405 to €47,332
- Tax, wage and social debts -€9,417
down €9,417 (-38.7%), from €24,303 to €14,886
- Trade debts -€2,126
down €2,126 (-34.8%), from €6,109 to €3,983
- Gross operating margin -€6,197
down €6,197 (-6.7%), from €92,622 to €86,425
- Taxes +€1,322
up €1,322 (+7.0%), from €18,961 to €20,283
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 | €146,753 | €123,138 | -€23,615 | -16.1% |
| Fixed assets | 21/28 | €17,905 | €11,547 | -€6,358 | -35.5% |
| Tangible fixed assets | 22/27 | €17,255 | €11,047 | -€6,208 | -36.0% |
| Furniture and vehicles | 24 | €17,255 | €11,047 | -€6,208 | -36.0% |
| Financial fixed assets | 28 | €650 | €500 | -€150 | -23.1% |
| Current assets | 29/58 | €128,848 | €111,591 | -€17,257 | -13.4% |
| Amounts receivable within one year | 40/41 | €11,301 | €41,377 | +€30,077 | +266% |
| Trade receivables | 40 | €240 | - | -€240 | |
| Other amounts receivable | 41 | €11,061 | €41,377 | +€30,317 | +274% |
| Cash at bank and in hand | 54/58 | €116,312 | €70,213 | -€46,098 | -39.6% |
| Deferred charges and accrued income | 490/1 | €1,236 | - | -€1,236 | |
| Total equity and liabilities | 10/49 | €146,753 | €123,138 | -€23,615 | -16.1% |
| Equity | 10/15 | €56,937 | €56,937 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,937 | €51,937 | = | 0.0% |
| Distributable reserves | 133 | €51,937 | €51,937 | = | 0.0% |
| Amounts payable | 17/49 | €89,816 | €66,201 | -€23,615 | -26.3% |
| Amounts payable within one year | 42/48 | €89,816 | €66,201 | -€23,615 | -26.3% |
| Trade debts | 44 | €6,109 | €3,983 | -€2,126 | -34.8% |
| Suppliers | 440/4 | €6,109 | €3,983 | -€2,126 | -34.8% |
| Taxes, remuneration and social security | 45 | €24,303 | €14,886 | -€9,417 | -38.7% |
| Taxes | 450/3 | €24,303 | €14,886 | -€9,417 | -38.7% |
| Other amounts payable | 47/48 | €59,405 | €47,332 | -€12,073 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,056 | €9,293 | +€237 | +2.6% |
| Other operating charges | 640/8 | €725 | €1,195 | +€470 | +64.8% |
| Gross operating margin | 9900 | €92,622 | €86,425 | -€6,197 | -6.7% |
| Operating profit (loss) | 9901 | €82,841 | €75,938 | -€6,904 | -8.3% |
| Financial income | 75/76B | - | €177 | +€177 | |
| Recurring financial income | 75 | - | €177 | +€177 | |
| Non-recurring financial income | 76B | - | €177 | +€177 | |
| Financial charges | 65/66B | €252 | €148 | -€105 | -41.6% |
| Recurring financial charges | 65 | €252 | €148 | -€105 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €82,589 | €75,967 | -€6,622 | -8.0% |
| Income taxes | 67/77 | €18,961 | €20,283 | +€1,322 | +7.0% |
| Profit (loss) for the period | 9904 | €63,628 | €55,685 | -€7,943 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,628 | €55,685 | -€7,943 | -12.5% |
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 27 October 2026 via checked.be.