CASTELLIER: 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.
What changed
CASTELLIER
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9,336
2024 · -€11,117+€20,453
Equity
€62,920
2024 · €53,584+€9,336
Cash
€5,440
2024 · €2,667+€2,773
Balance sheet total
€1.0m
2024 · €1.1m-€47,411
Largest movements
Assets
- Tangible fixed assets -€50,601
down €50,601 (-4.8%), from €1.1m to €1.0m
of which Assets under construction and advance payments: -€116,465
Equity and liabilities
- Debts after one year -€37,631
down €37,631 (-3.9%), from €957,097 to €919,466
- Other debts -€11,575
down €11,575 (-86.0%), from €13,461 to €1,885
Income statement
- Gross operating margin +€42,169
up €42,169 (+53.7%), from €78,460 to €120,629
- Depreciation +€12,700
up €12,700 (+25.4%), from €50,032 to €62,732
- Financial charges +€3,739
up €3,739 (+14.0%), from €26,662 to €30,401
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.
Result 2024
-€11,117
Gross operating margin
+€42,169
Staff costs
+€1,186
Depreciation
-€12,700
Other operating charges
-€309
Other operating items
-€6,090
Financial income
-€63
Financial charges
-€3,739
Result 2025
€9,336
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€51,386
Investment
-€12,131
Financing
-€36,482
Cash 2024
€2,667
From operations (derived)
+€51,386
Net result for the year
+€9,336
Depreciation
+€62,732
Receivables within one year
-€418
Trade debts
-€5,471
Tax, wage and social debts
-€223
Advances received
-€2,996
Other debts
-€11,575
Investment (derived)
-€12,131
Investment in fixed assets (net)
-€12,131
Financing
-€36,482
Debts after one year
-€37,631
Current portion of long-term debt
+€1,149
Cash 2025
€5,440
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,068,323 | €1,020,912 | -€47,411 | -4.4% |
| Fixed assets | 21/28 | €1,063,838 | €1,013,237 | -€50,601 | -4.8% |
| Tangible fixed assets | 22/27 | €1,063,838 | €1,013,237 | -€50,601 | -4.8% |
| Plant, machinery and equipment | 23 | €3,387 | €2,843 | -€545 | -16.1% |
| Furniture and vehicles | 24 | €13,397 | €8,397 | -€5,000 | -37.3% |
| Leasing and similar rights | 25 | €854,243 | €817,239 | -€37,004 | -4.3% |
| Other tangible fixed assets | 26 | €76,346 | €184,759 | +€108,413 | +142% |
| Assets under construction and advance payments | 27 | €116,465 | - | -€116,465 | |
| Current assets | 29/58 | €4,485 | €7,675 | +€3,190 | +71.1% |
| Amounts receivable within one year | 40/41 | €1,567 | €1,985 | +€418 | +26.6% |
| Trade receivables | 40 | €1,011 | €1,144 | +€134 | +13.2% |
| Other amounts receivable | 41 | €556 | €840 | +€284 | +51.1% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,667 | €5,440 | +€2,773 | +104% |
| Total equity and liabilities | 10/49 | €1,068,323 | €1,020,912 | -€47,411 | -4.4% |
| Equity | 10/15 | €53,584 | €62,920 | +€9,336 | +17.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,416 | €2,920 | +€9,336 | |
| Amounts payable | 17/49 | €1,014,738 | €957,992 | -€56,747 | -5.6% |
| Amounts payable after more than one year | 17 | €957,097 | €919,466 | -€37,631 | -3.9% |
| Financial debts | 170/4 | €957,097 | €919,466 | -€37,631 | -3.9% |
| Amounts payable within one year | 42/48 | €57,642 | €38,526 | -€19,116 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €34,712 | €35,861 | +€1,149 | +3.3% |
| Trade debts | 44 | €5,471 | €0 | -€5,471 | -100% |
| Suppliers | 440/4 | €5,471 | €0 | -€5,471 | -100% |
| Advances received on contracts in progress | 46 | €3,481 | €486 | -€2,996 | -86.0% |
| Taxes, remuneration and social security | 45 | €517 | €294 | -€223 | -43.1% |
| Remuneration and social security | 454/9 | €517 | €294 | -€223 | -43.1% |
| Other amounts payable | 47/48 | €13,461 | €1,885 | -€11,575 | -86.0% |
| Remuneration, social security and pensions | 62 | €7,294 | €6,108 | -€1,186 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,032 | €62,732 | +€12,700 | +25.4% |
| Other operating charges | 640/8 | €5,652 | €5,961 | +€309 | +5.5% |
| Non-recurring operating charges | 66A | - | €6,090 | +€6,090 | |
| Gross operating margin | 9900 | €78,460 | €120,629 | +€42,169 | +53.7% |
| Operating profit (loss) | 9901 | €15,482 | €39,737 | +€24,255 | +157% |
| Financial income | 75/76B | €63 | - | -€63 | |
| Recurring financial income | 75 | €63 | - | -€63 | |
| Financial charges | 65/66B | €26,662 | €30,401 | +€3,739 | +14.0% |
| Recurring financial charges | 65 | €26,662 | €30,401 | +€3,739 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,117 | €9,336 | +€20,453 | |
| Profit (loss) for the period | 9904 | -€11,117 | €9,336 | +€20,453 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,117 | €9,336 | +€20,453 |
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 24 October 2026 via checked.be.