CASTELLO MILLAU: 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.
CASTELLO MILLAU
Largest movements
- Tangible fixed assets +€108,470
up €108,470 (+23.7%), from €457,003 to €565,473
of which Land and buildings: +€114,910
- Cash -€24,304
down €24,304 (-70.2%), from €34,633 to €10,330
mainly Investment in fixed assets (net) (-€132,870) and Accrued charges and deferred income (-€31,846)
- Trade debts +€75,177
up €75,177 (+172%), from €43,624 to €118,800
- Accrued charges and deferred income -€31,846
down €31,846 (-100%), from €31,846 to €0
- Debts after one year +€29,183
up €29,183 (+16.8%), from €174,167 to €203,350
- Reserves +€6,813
up €6,813 (+15.0%), from €45,462 to €52,275
of which Distributable reserves: +€6,813
- Current portion of long-term debt +€6,150
up €6,150 (+18.0%), from €34,167 to €40,317
- Other operating charges +€11,673
up €11,673 (+530%), from €2,201 to €13,873
- Gross operating margin +€7,935
up €7,935 (+13.2%), from €60,116 to €68,051
- Financial charges -€2,273
down €2,273 (-16.1%), from €14,150 to €11,877
- Staff costs -€1,766
down €1,766 (-35.9%), from €4,922 to €3,155
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 | €498,451 | €582,464 | +€84,013 | +16.9% |
| Fixed assets | 21/28 | €458,503 | €567,223 | +€108,720 | +23.7% |
| Tangible fixed assets | 22/27 | €457,003 | €565,473 | +€108,470 | +23.7% |
| Land and buildings | 22 | €437,157 | €552,067 | +€114,910 | +26.3% |
| Plant, machinery and equipment | 23 | €380 | €213 | -€168 | -44.1% |
| Furniture and vehicles | 24 | €19,466 | €13,193 | -€6,273 | -32.2% |
| Financial fixed assets | 28 | €1,500 | €1,750 | +€250 | +16.7% |
| Current assets | 29/58 | €39,949 | €15,241 | -€24,707 | -61.8% |
| Amounts receivable within one year | 40/41 | €3,039 | €3,044 | +€5 | +0.2% |
| Other amounts receivable | 41 | €3,039 | €3,044 | +€5 | +0.2% |
| Cash at bank and in hand | 54/58 | €34,633 | €10,330 | -€24,304 | -70.2% |
| Deferred charges and accrued income | 490/1 | €2,276 | €1,868 | -€408 | -17.9% |
| Total equity and liabilities | 10/49 | €498,451 | €582,464 | +€84,013 | +16.9% |
| Equity | 10/15 | €155,462 | €162,275 | +€6,813 | +4.4% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €45,462 | €52,275 | +€6,813 | +15.0% |
| Non-distributable reserves | 130/1 | €1,126 | €1,126 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,126 | €1,126 | = | 0.0% |
| Distributable reserves | 133 | €44,336 | €51,149 | +€6,813 | +15.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €342,989 | €420,190 | +€77,200 | +22.5% |
| Amounts payable after more than one year | 17 | €174,167 | €203,350 | +€29,183 | +16.8% |
| Financial debts | 170/4 | €174,167 | €203,350 | +€29,183 | +16.8% |
| Amounts payable within one year | 42/48 | €136,977 | €216,840 | +€79,863 | +58.3% |
| Current portion of amounts payable after more than one year | 42 | €34,167 | €40,317 | +€6,150 | +18.0% |
| Trade debts | 44 | €43,624 | €118,800 | +€75,177 | +172% |
| Suppliers | 440/4 | €43,624 | €118,800 | +€75,177 | +172% |
| Taxes, remuneration and social security | 45 | €13,657 | €13,875 | +€218 | +1.6% |
| Taxes | 450/3 | €13,527 | €13,875 | +€348 | +2.6% |
| Remuneration and social security | 454/9 | €130 | €0 | -€130 | -100% |
| Other amounts payable | 47/48 | €45,530 | €43,848 | -€1,682 | -3.7% |
| Accrued charges and deferred income | 492/3 | €31,846 | €0 | -€31,846 | -100% |
| Remuneration, social security and pensions | 62 | €4,922 | €3,155 | -€1,766 | -35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,541 | €24,150 | +€609 | +2.6% |
| Other operating charges | 640/8 | €2,201 | €13,873 | +€11,673 | +530% |
| Non-recurring operating charges | 66A | - | €2,000 | +€2,000 | |
| Gross operating margin | 9900 | €60,116 | €68,051 | +€7,935 | +13.2% |
| Operating profit (loss) | 9901 | €29,453 | €24,873 | -€4,580 | -15.6% |
| Financial income | 75/76B | €67 | €117 | +€49 | +72.7% |
| Recurring financial income | 75 | €67 | €117 | +€49 | +72.7% |
| Financial charges | 65/66B | €14,150 | €11,877 | -€2,273 | -16.1% |
| Recurring financial charges | 65 | €14,150 | €11,877 | -€2,273 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €15,370 | €13,112 | -€2,259 | -14.7% |
| Income taxes | 67/77 | €6,698 | €6,299 | -€399 | -6.0% |
| Profit (loss) for the period | 9904 | €8,672 | €6,813 | -€1,859 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,672 | €6,813 | -€1,859 | -21.4% |
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 31 October 2026 via checked.be.