CASTELEK: 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.
CASTELEK
Largest movements
- Tangible fixed assets +€142,194
up €142,194 (+50.3%), from €282,456 to €424,650
of which Land and buildings: +€158,775
- Cash -€16,481
down €16,481 (-12.2%), from €135,590 to €119,110
mainly Investment in fixed assets (net) (-€176,758) and Trade debts (-€35,716)
- Receivables within one year +€7,086
up €7,086 (+6.4%), from €110,987 to €118,072
of which Other amounts receivable: +€29,072
- Debts after one year +€96,245
up €96,245 (+44.7%), from €215,104 to €311,349
- Reserves +€70,429
up €70,429 (+30.7%), from €229,437 to €299,865
- Trade debts -€35,716
down €35,716 (-71.9%), from €49,650 to €13,933
- Gross operating margin +€29,374
up €29,374 (+28.8%), from €102,132 to €131,505
- Depreciation +€15,553
up €15,553 (+81.8%), from €19,011 to €34,564
- Taxes +€2,394
up €2,394 (+15.2%), from €15,749 to €18,144
- Other operating charges +€1,914
up €1,914 (+117%), from €1,632 to €3,546
- Financial charges +€1,596
up €1,596 (+34.8%), from €4,582 to €6,178
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 | €540,964 | €674,863 | +€133,899 | +24.8% |
| Fixed assets | 21/28 | €282,456 | €424,650 | +€142,194 | +50.3% |
| Tangible fixed assets | 22/27 | €282,456 | €424,650 | +€142,194 | +50.3% |
| Land and buildings | 22 | €204,885 | €363,660 | +€158,775 | +77.5% |
| Plant, machinery and equipment | 23 | €24,722 | €21,729 | -€2,993 | -12.1% |
| Furniture and vehicles | 24 | €52,850 | €39,262 | -€13,588 | -25.7% |
| Current assets | 29/58 | €258,508 | €250,213 | -€8,295 | -3.2% |
| Stocks and contracts in progress | 3 | €9,785 | €13,031 | +€3,246 | +33.2% |
| Stocks | 30/36 | €9,785 | €13,031 | +€3,246 | +33.2% |
| Amounts receivable within one year | 40/41 | €110,987 | €118,072 | +€7,086 | +6.4% |
| Trade receivables | 40 | €91,996 | €70,010 | -€21,986 | -23.9% |
| Other amounts receivable | 41 | €18,991 | €48,063 | +€29,072 | +153% |
| Cash at bank and in hand | 54/58 | €135,590 | €119,110 | -€16,481 | -12.2% |
| Deferred charges and accrued income | 490/1 | €2,146 | - | -€2,146 | |
| Total equity and liabilities | 10/49 | €540,964 | €674,863 | +€133,899 | +24.8% |
| Equity | 10/15 | €234,437 | €304,865 | +€70,429 | +30.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €229,437 | €299,865 | +€70,429 | +30.7% |
| Distributable reserves | 133 | €229,437 | €299,865 | +€70,429 | +30.7% |
| Amounts payable | 17/49 | €306,528 | €369,998 | +€63,470 | +20.7% |
| Amounts payable after more than one year | 17 | €215,104 | €311,349 | +€96,245 | +44.7% |
| Financial debts | 170/4 | €215,104 | €311,349 | +€96,245 | +44.7% |
| Amounts payable within one year | 42/48 | €91,424 | €58,649 | -€32,775 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €16,302 | €22,742 | +€6,441 | +39.5% |
| Trade debts | 44 | €49,650 | €13,933 | -€35,716 | -71.9% |
| Suppliers | 440/4 | €49,650 | €13,933 | -€35,716 | -71.9% |
| Taxes, remuneration and social security | 45 | €5,490 | €1,655 | -€3,835 | -69.8% |
| Taxes | 450/3 | €5,490 | €175 | -€5,315 | -96.8% |
| Remuneration and social security | 454/9 | - | €1,480 | +€1,480 | |
| Other amounts payable | 47/48 | €19,983 | €20,319 | +€336 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,011 | €34,564 | +€15,553 | +81.8% |
| Other operating charges | 640/8 | €1,632 | €3,546 | +€1,914 | +117% |
| Gross operating margin | 9900 | €102,132 | €131,505 | +€29,374 | +28.8% |
| Operating profit (loss) | 9901 | €81,488 | €93,395 | +€11,907 | +14.6% |
| Financial income | 75/76B | €907 | €1,355 | +€448 | +49.4% |
| Recurring financial income | 75 | €907 | €1,355 | +€448 | +49.4% |
| Financial charges | 65/66B | €4,582 | €6,178 | +€1,596 | +34.8% |
| Recurring financial charges | 65 | €4,582 | €6,178 | +€1,596 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €77,814 | €88,572 | +€10,758 | +13.8% |
| Income taxes | 67/77 | €15,749 | €18,144 | +€2,394 | +15.2% |
| Profit (loss) for the period | 9904 | €62,064 | €70,429 | +€8,364 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,064 | €70,429 | +€8,364 | +13.5% |
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.