CASTELEIN: 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.
CASTELEIN
Largest movements
- Tangible fixed assets +€38,580
up €38,580 (+11.2%), from €345,464 to €384,044
of which Plant, machinery and equipment: +€44,622
- Cash +€23,259
up €23,259 (+86.1%), from €27,004 to €50,263
mainly Other debts (+€128,265) and Depreciation (+€52,408)
- Receivables within one year -€7,820
down €7,820 (-24.6%), from €31,816 to €23,996
of which Trade receivables: -€6,187
- Other debts +€128,265
up €128,265 (+66.5%), from €192,994 to €321,259
- Reserves -€34,561
down €34,561 (-64.8%), from €53,311 to €18,750
of which Distributable reserves: -€34,561
- Debts after one year -€23,895
down €23,895 (-23.8%), from €100,379 to €76,484
- Trade debts -€10,133
down €10,133 (-66.1%), from €15,336 to €5,203
- Staff costs +€18,959
up €18,959 (+23.8%), from €79,514 to €98,474
- Gross operating margin +€9,058
up €9,058 (+4.8%), from €190,518 to €199,575
- Taxes -€6,121
down €6,121 (-68.0%), from €9,005 to €2,884
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 | €422,907 | €480,322 | +€57,415 | +13.6% |
| Fixed assets | 21/28 | €349,710 | €386,430 | +€36,720 | +10.5% |
| Intangible fixed assets | 21 | €4,246 | €2,386 | -€1,860 | -43.8% |
| Tangible fixed assets | 22/27 | €345,464 | €384,044 | +€38,580 | +11.2% |
| Land and buildings | 22 | €276,053 | €266,737 | -€9,316 | -3.4% |
| Plant, machinery and equipment | 23 | €37,783 | €82,404 | +€44,622 | +118% |
| Furniture and vehicles | 24 | €31,628 | €34,903 | +€3,275 | +10.4% |
| Current assets | 29/58 | €73,196 | €93,892 | +€20,695 | +28.3% |
| Stocks and contracts in progress | 3 | €10,928 | €13,169 | +€2,241 | +20.5% |
| Stocks | 30/36 | €10,928 | €13,169 | +€2,241 | +20.5% |
| Amounts receivable within one year | 40/41 | €31,816 | €23,996 | -€7,820 | -24.6% |
| Trade receivables | 40 | €8,310 | €2,123 | -€6,187 | -74.4% |
| Other amounts receivable | 41 | €23,506 | €21,873 | -€1,634 | -7.0% |
| Cash at bank and in hand | 54/58 | €27,004 | €50,263 | +€23,259 | +86.1% |
| Deferred charges and accrued income | 490/1 | €3,448 | €6,464 | +€3,016 | +87.5% |
| Total equity and liabilities | 10/49 | €422,907 | €480,322 | +€57,415 | +13.6% |
| Equity | 10/15 | €71,911 | €37,350 | -€34,561 | -48.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,311 | €18,750 | -€34,561 | -64.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €34,561 | €0 | -€34,561 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €350,996 | €442,972 | +€91,976 | +26.2% |
| Amounts payable after more than one year | 17 | €100,379 | €76,484 | -€23,895 | -23.8% |
| Financial debts | 170/4 | €100,379 | €76,484 | -€23,895 | -23.8% |
| Amounts payable within one year | 42/48 | €246,892 | €362,704 | +€115,812 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €23,329 | €23,895 | +€566 | +2.4% |
| Trade debts | 44 | €15,336 | €5,203 | -€10,133 | -66.1% |
| Suppliers | 440/4 | €15,336 | €5,203 | -€10,133 | -66.1% |
| Taxes, remuneration and social security | 45 | €15,233 | €12,347 | -€2,886 | -18.9% |
| Taxes | 450/3 | €8,316 | €5,596 | -€2,720 | -32.7% |
| Remuneration and social security | 454/9 | €6,917 | €6,751 | -€166 | -2.4% |
| Other amounts payable | 47/48 | €192,994 | €321,259 | +€128,265 | +66.5% |
| Accrued charges and deferred income | 492/3 | €3,725 | €3,784 | +€59 | +1.6% |
| Remuneration, social security and pensions | 62 | €79,514 | €98,474 | +€18,959 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,335 | €52,408 | -€927 | -1.7% |
| Other operating charges | 640/8 | €4,373 | €4,411 | +€38 | +0.9% |
| Gross operating margin | 9900 | €190,518 | €199,575 | +€9,058 | +4.8% |
| Operating profit (loss) | 9901 | €53,296 | €44,283 | -€9,013 | -16.9% |
| Financial income | 75/76B | €135 | €49 | -€86 | -63.6% |
| Recurring financial income | 75 | €135 | €49 | -€86 | -63.6% |
| Financial charges | 65/66B | €8,015 | €6,415 | -€1,600 | -20.0% |
| Recurring financial charges | 65 | €8,015 | €6,415 | -€1,600 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €45,416 | €37,917 | -€7,498 | -16.5% |
| Income taxes | 67/77 | €9,005 | €2,884 | -€6,121 | -68.0% |
| Profit (loss) for the period | 9904 | €36,411 | €35,033 | -€1,377 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,411 | €35,033 | -€1,377 | -3.8% |
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 19 October 2026 via checked.be.