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
- Tangible fixed assets +€1.7m
up €1.7m (+53.7%), from €3.2m to €4.9m
of which Land and buildings: +€1.7m
- Stocks and contracts +€697,784
up €697,784 (+92.3%), from €756,256 to €1.5m
- Cash -€550,314
down €550,314 (-79.5%), from €692,432 to €142,118
mainly Investment in fixed assets (net) (-€1.8m) and Stocks and contracts (-€697,784)
- Debts after one year +€1.4m
up €1.4m (+58.6%), from €2.4m to €3.9m
- Short-term financial debts +€543,755
up €543,755 (+87.5%), from €621,627 to €1.2m
- Profit (loss) carried forward -€188,009
down €188,009 (-80.2%), from -€234,492 to -€422,501
- Trade debts +€97,767
up €97,767 (+82.6%), from €118,317 to €216,084
- Other debts -€92,365
down €92,365 (-7.6%), from €1.2m to €1.1m
- Gross operating margin +€125,000
up €125,000 (+326%), from €38,348 to €163,348
- Financial charges +€59,868
up €59,868 (+31.8%), from €188,233 to €248,101
- Depreciation +€44,728
up €44,728 (+63.6%), from €70,383 to €115,111
- Other operating charges +€11,617
up €11,617 (+177%), from €6,549 to €18,166
- Financial income -€11,028
down €11,028 (-26.6%), from €41,404 to €30,376
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 | €5,786,159 | €7,651,069 | +€1.9m | +32.2% |
| Fixed assets | 21/28 | €3,174,704 | €4,879,661 | +€1.7m | +53.7% |
| Tangible fixed assets | 22/27 | €3,174,704 | €4,878,221 | +€1.7m | +53.7% |
| Land and buildings | 22 | €3,153,281 | €4,860,167 | +€1.7m | +54.1% |
| Plant, machinery and equipment | 23 | €8,195 | €6,838 | -€1,357 | -16.6% |
| Furniture and vehicles | 24 | €13,227 | €11,216 | -€2,011 | -15.2% |
| Financial fixed assets | 28 | - | €1,440 | +€1,440 | |
| Current assets | 29/58 | €2,611,455 | €2,771,408 | +€159,953 | +6.1% |
| Stocks and contracts in progress | 3 | €756,256 | €1,454,040 | +€697,784 | +92.3% |
| Stocks | 30/36 | €756,256 | €1,454,040 | +€697,784 | +92.3% |
| Amounts receivable within one year | 40/41 | €1,137,343 | €1,132,484 | -€4,859 | -0.4% |
| Trade receivables | 40 | €271,029 | €513,413 | +€242,384 | +89.4% |
| Other amounts receivable | 41 | €866,314 | €619,071 | -€247,243 | -28.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €692,432 | €142,118 | -€550,314 | -79.5% |
| Deferred charges and accrued income | 490/1 | €25,424 | €42,766 | +€17,341 | +68.2% |
| Total equity and liabilities | 10/49 | €5,786,159 | €7,651,069 | +€1.9m | +32.2% |
| Equity | 10/15 | €1,144,972 | €956,962 | -€188,009 | -16.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,279,464 | €1,279,464 | = | 0.0% |
| Distributable reserves | 133 | €1,279,464 | €1,279,464 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,492 | -€422,501 | -€188,009 | -80.2% |
| Amounts payable | 17/49 | €4,641,187 | €6,694,106 | +€2.1m | +44.2% |
| Amounts payable after more than one year | 17 | €2,442,047 | €3,873,034 | +€1.4m | +58.6% |
| Financial debts | 170/4 | €2,442,047 | €3,873,034 | +€1.4m | +58.6% |
| Amounts payable within one year | 42/48 | €2,110,941 | €2,734,932 | +€623,991 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €160,174 | €197,644 | +€37,469 | +23.4% |
| Financial debts | 43 | €621,627 | €1,165,382 | +€543,755 | +87.5% |
| Credit institutions | 430/8 | €621,627 | €1,165,382 | +€543,755 | +87.5% |
| Trade debts | 44 | €118,317 | €216,084 | +€97,767 | +82.6% |
| Suppliers | 440/4 | €118,317 | €216,084 | +€97,767 | +82.6% |
| Taxes, remuneration and social security | 45 | €1,620 | €38,983 | +€37,364 | +2,307% |
| Taxes | 450/3 | €1,620 | €38,983 | +€37,364 | +2,307% |
| Other amounts payable | 47/48 | €1,209,203 | €1,116,838 | -€92,365 | -7.6% |
| Accrued charges and deferred income | 492/3 | €88,199 | €86,140 | -€2,059 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,383 | €115,111 | +€44,728 | +63.6% |
| Other operating charges | 640/8 | €6,549 | €18,166 | +€11,617 | +177% |
| Gross operating margin | 9900 | €38,348 | €163,348 | +€125,000 | +326% |
| Operating profit (loss) | 9901 | -€38,583 | €30,071 | +€68,655 | |
| Financial income | 75/76B | €41,404 | €30,376 | -€11,028 | -26.6% |
| Recurring financial income | 75 | €41,404 | €30,376 | -€11,028 | -26.6% |
| Financial charges | 65/66B | €188,233 | €248,101 | +€59,868 | +31.8% |
| Recurring financial charges | 65 | €188,233 | €248,101 | +€59,868 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | -€185,412 | -€187,654 | -€2,241 | -1.2% |
| Income taxes | 67/77 | €5,470 | €356 | -€5,115 | -93.5% |
| Profit (loss) for the period | 9904 | -€190,882 | -€188,009 | +€2,873 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€190,882 | -€188,009 | +€2,873 | +1.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.