CASTELLINO: 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.
CASTELLINO
Largest movements
- Receivables within one year +€598,600
up €598,600 (+170%), from €351,356 to €949,955
of which Other amounts receivable: +€603,724
- Stocks and contracts -€446,985
down €446,985 (-100%), from €446,985 to €0
- Tangible fixed assets +€237,974
up €237,974 (+32.5%), from €732,166 to €970,140
of which Land and buildings: +€237,747
- Debts after one year +€279,933
up €279,933, from €0 to €279,933
- Trade debts -€85,017
down €85,017 (-93.5%), from €90,888 to €5,870
of which Suppliers: -€82,531
- Reserves +€81,237
up €81,237 (+9.7%), from €840,981 to €922,218
of which Tax-exempt reserves: +€48,237
- Current portion of long-term debt +€44,538
up €44,538 (+235%), from €18,956 to €63,493
- Other debts +€39,941
up €39,941 (+8.0%), from €501,390 to €541,331
- Gross operating margin +€65,077
up €65,077 (+52.3%), from €124,512 to €189,589
- Depreciation +€17,184
up €17,184 (+60.0%), from €28,656 to €45,840
- Financial income +€11,943
up €11,943 (+116%), from €10,308 to €22,250
- Other operating charges -€11,940
down €11,940 (-21.1%), from €56,517 to €44,577
- Financial charges +€9,118
up €9,118 (+442%), from €2,063 to €11,181
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 | €1,531,932 | €1,920,485 | +€388,553 | +25.4% |
| Fixed assets | 21/28 | €732,431 | €970,405 | +€237,974 | +32.5% |
| Tangible fixed assets | 22/27 | €732,166 | €970,140 | +€237,974 | +32.5% |
| Land and buildings | 22 | €720,685 | €958,432 | +€237,747 | +33.0% |
| Plant, machinery and equipment | 23 | €7,754 | €9,035 | +€1,281 | +16.5% |
| Furniture and vehicles | 24 | €3,727 | €2,673 | -€1,054 | -28.3% |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €799,501 | €950,080 | +€150,579 | +18.8% |
| Stocks and contracts in progress | 3 | €446,985 | €0 | -€446,985 | -100% |
| Stocks | 30/36 | €446,985 | €0 | -€446,985 | -100% |
| Amounts receivable within one year | 40/41 | €351,356 | €949,955 | +€598,600 | +170% |
| Trade receivables | 40 | €40,258 | €35,134 | -€5,124 | -12.7% |
| Other amounts receivable | 41 | €311,097 | €914,821 | +€603,724 | +194% |
| Cash at bank and in hand | 54/58 | €167 | €125 | -€42 | -25.1% |
| Deferred charges and accrued income | 490/1 | €993 | €0 | -€993 | -100% |
| Total equity and liabilities | 10/49 | €1,531,932 | €1,920,485 | +€388,553 | +25.4% |
| Equity | 10/15 | €906,219 | €988,012 | +€81,792 | +9.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €840,981 | €922,218 | +€81,237 | +9.7% |
| Non-distributable reserves | 130/1 | €15,493 | €15,493 | = | 0.0% |
| Legal reserve | 130 | €15,493 | €15,493 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,487 | €49,724 | +€48,237 | +3,243% |
| Distributable reserves | 133 | €824,000 | €857,000 | +€33,000 | +4.0% |
| Profit (loss) carried forward | 14 | €238 | €794 | +€555 | +233% |
| Provisions and deferred taxes | 16 | - | €16,079 | +€16,079 | |
| Deferred taxes | 168 | - | €16,079 | +€16,079 | |
| Amounts payable | 17/49 | €625,713 | €916,395 | +€290,682 | +46.5% |
| Amounts payable after more than one year | 17 | €0 | €279,933 | +€279,933 | |
| Financial debts | 170/4 | €0 | €279,933 | +€279,933 | |
| Amounts payable within one year | 42/48 | €625,713 | €636,461 | +€10,749 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €18,956 | €63,493 | +€44,538 | +235% |
| Trade debts | 44 | €90,888 | €5,870 | -€85,017 | -93.5% |
| Suppliers | 440/4 | €88,401 | €5,870 | -€82,531 | -93.4% |
| Bills of exchange payable | 441 | €2,487 | €0 | -€2,487 | -100% |
| Taxes, remuneration and social security | 45 | €14,479 | €25,767 | +€11,288 | +78.0% |
| Taxes | 450/3 | €14,479 | €25,767 | +€11,288 | +78.0% |
| Other amounts payable | 47/48 | €501,390 | €541,331 | +€39,941 | +8.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €64,316 | +€64,316 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,656 | €45,840 | +€17,184 | +60.0% |
| Other operating charges | 640/8 | €56,517 | €44,577 | -€11,940 | -21.1% |
| Gross operating margin | 9900 | €124,512 | €189,589 | +€65,077 | +52.3% |
| Operating profit (loss) | 9901 | €39,339 | €99,172 | +€59,833 | +152% |
| Financial income | 75/76B | €10,308 | €22,250 | +€11,943 | +116% |
| Recurring financial income | 75 | €10,308 | €22,250 | +€11,943 | +116% |
| Financial charges | 65/66B | €2,063 | €11,181 | +€9,118 | +442% |
| Recurring financial charges | 65 | €2,063 | €11,181 | +€9,118 | +442% |
| Profit (loss) for the period before taxes | 9903 | €47,584 | €110,241 | +€62,657 | +132% |
| Transfer to deferred taxes | 680 | - | €16,079 | +€16,079 | |
| Income taxes | 67/77 | €12,451 | €12,369 | -€81 | -0.7% |
| Profit (loss) for the period | 9904 | €35,133 | €81,792 | +€46,659 | +133% |
| Transfer to tax-exempt reserves | 689 | - | €48,237 | +€48,237 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,133 | €33,555 | -€1,578 | -4.5% |
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 24 October 2026 via checked.be.