CASTELLUM: 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.
CASTELLUM
Largest movements
- Stocks and contracts -€448,457
down €448,457 (-25.9%), from €1.7m to €1.3m
- Debts after one year +€736,762
new in 2025: €736,762
- Other debts -€700,886
no longer reported in 2025 (was €700,886)
- Short-term financial debts -€367,500
down €367,500 (-32.5%), from €1.1m to €762,500
- Profit (loss) carried forward -€114,477
down €114,477 (-73.4%), from -€155,908 to -€270,385
- Gross operating margin -€50,206
down €50,206 (-899%), from -€5,588 to -€55,793
- Financial charges +€5,606
up €5,606 (+10.9%), from €51,619 to €57,225
- Other operating charges -€1,037
down €1,037 (-41.6%), from €2,494 to €1,458
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 | €1,771,485 | €1,326,189 | -€445,296 | -25.1% |
| Current assets | 29/58 | €1,771,485 | €1,326,189 | -€445,296 | -25.1% |
| Stocks and contracts in progress | 3 | €1,730,114 | €1,281,657 | -€448,457 | -25.9% |
| Stocks | 30/36 | €1,730,114 | €1,281,657 | -€448,457 | -25.9% |
| Amounts receivable within one year | 40/41 | €33,628 | €34,949 | +€1,321 | +3.9% |
| Trade receivables | 40 | €764 | - | -€764 | |
| Other amounts receivable | 41 | €32,865 | €34,949 | +€2,084 | +6.3% |
| Cash at bank and in hand | 54/58 | €7,193 | €9,142 | +€1,948 | +27.1% |
| Deferred charges and accrued income | 490/1 | €550 | €441 | -€108 | -19.7% |
| Total equity and liabilities | 10/49 | €1,771,485 | €1,326,189 | -€445,296 | -25.1% |
| Equity | 10/15 | -€65,908 | -€180,385 | -€114,477 | -174% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,908 | -€270,385 | -€114,477 | -73.4% |
| Amounts payable | 17/49 | €1,837,393 | €1,506,574 | -€330,820 | -18.0% |
| Amounts payable after more than one year | 17 | - | €736,762 | +€736,762 | |
| Financial debts | 170/4 | - | €736,762 | +€736,762 | |
| Amounts payable within one year | 42/48 | €1,831,517 | €762,623 | -€1.1m | -58.4% |
| Financial debts | 43 | €1,130,000 | €762,500 | -€367,500 | -32.5% |
| Credit institutions | 430/8 | €1,130,000 | €762,500 | -€367,500 | -32.5% |
| Trade debts | 44 | €631 | €123 | -€508 | -80.5% |
| Suppliers | 440/4 | €631 | €123 | -€508 | -80.5% |
| Other amounts payable | 47/48 | €700,886 | - | -€700,886 | |
| Accrued charges and deferred income | 492/3 | €5,876 | €7,188 | +€1,312 | +22.3% |
| Other operating charges | 640/8 | €2,494 | €1,458 | -€1,037 | -41.6% |
| Gross operating margin | 9900 | -€5,588 | -€55,793 | -€50,206 | -899% |
| Operating profit (loss) | 9901 | -€8,082 | -€57,251 | -€49,169 | -608% |
| Financial charges | 65/66B | €51,619 | €57,225 | +€5,606 | +10.9% |
| Recurring financial charges | 65 | €51,619 | €57,225 | +€5,606 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | -€59,701 | -€114,477 | -€54,775 | -91.7% |
| Profit (loss) for the period | 9904 | -€59,701 | -€114,477 | -€54,775 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,701 | -€114,477 | -€54,775 | -91.7% |
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 18 October 2026 via checked.be.