CASTELEIN & PARTNERS: 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 & PARTNERS
Largest movements
- Cash +€307,495
up €307,495 (+113%), from €273,025 to €580,521
mainly Current investments (+€151,791) and Net result for the year (+€115,454)
- Current investments -€151,791
down €151,791 (-100%), from €151,791 to €0
- Tangible fixed assets -€46,189
down €46,189 (-12.8%), from €361,040 to €314,851
of which Land and buildings: -€26,654
- Reserves +€114,600
up €114,600 (+15.4%), from €742,325 to €856,925
of which Distributable reserves: +€114,600
- Gross operating margin -€2,836
down €2,836 (-1.3%), from €215,107 to €212,271
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 | €789,142 | €897,372 | +€108,230 | +13.7% |
| Fixed assets | 21/28 | €361,040 | €314,851 | -€46,189 | -12.8% |
| Tangible fixed assets | 22/27 | €361,040 | €314,851 | -€46,189 | -12.8% |
| Land and buildings | 22 | €261,639 | €234,985 | -€26,654 | -10.2% |
| Plant, machinery and equipment | 23 | €27,644 | €26,998 | -€645 | -2.3% |
| Furniture and vehicles | 24 | €71,758 | €52,868 | -€18,889 | -26.3% |
| Current assets | 29/58 | €428,102 | €582,521 | +€154,419 | +36.1% |
| Amounts receivable within one year | 40/41 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Other amounts receivable | 41 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Current investments | 50/53 | €151,791 | €0 | -€151,791 | -100% |
| Cash at bank and in hand | 54/58 | €273,025 | €580,521 | +€307,495 | +113% |
| Deferred charges and accrued income | 490/1 | €286 | €0 | -€286 | -100% |
| Total equity and liabilities | 10/49 | €789,142 | €897,372 | +€108,230 | +13.7% |
| Equity | 10/15 | €748,990 | €863,611 | +€114,621 | +15.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €742,325 | €856,925 | +€114,600 | +15.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €721,715 | €836,315 | +€114,600 | +15.9% |
| Profit (loss) carried forward | 14 | €465 | €486 | +€21 | +4.5% |
| Amounts payable | 17/49 | €40,152 | €33,761 | -€6,391 | -15.9% |
| Amounts payable within one year | 42/48 | €40,152 | €33,761 | -€6,391 | -15.9% |
| Trade debts | 44 | €4,827 | €5,094 | +€267 | +5.5% |
| Suppliers | 440/4 | €4,827 | €5,094 | +€267 | +5.5% |
| Taxes, remuneration and social security | 45 | €34,177 | €26,772 | -€7,406 | -21.7% |
| Taxes | 450/3 | €34,177 | €26,772 | -€7,406 | -21.7% |
| Other amounts payable | 47/48 | €1,147 | €1,895 | +€747 | +65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,225 | €49,828 | +€603 | +1.2% |
| Other operating charges | 640/8 | €1,814 | €1,681 | -€134 | -7.4% |
| Gross operating margin | 9900 | €215,107 | €212,271 | -€2,836 | -1.3% |
| Operating profit (loss) | 9901 | €164,067 | €160,762 | -€3,306 | -2.0% |
| Financial income | 75/76B | €3,299 | €2,927 | -€372 | -11.3% |
| Recurring financial income | 75 | €3,299 | €2,927 | -€372 | -11.3% |
| Financial charges | 65/66B | €245 | €264 | +€19 | +7.9% |
| Recurring financial charges | 65 | €245 | €264 | +€19 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €167,121 | €163,424 | -€3,697 | -2.2% |
| Income taxes | 67/77 | €49,192 | €47,970 | -€1,222 | -2.5% |
| Profit (loss) for the period | 9904 | €117,929 | €115,454 | -€2,475 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €117,929 | €115,454 | -€2,475 | -2.1% |
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 23 October 2026 via checked.be.