CASTLE INGREDIENTS: 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
CASTLE INGREDIENTS
NACE 46.389, Wholesale of other food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3.1m
2024 · -€3.9m+€747,150
Equity
€13.8m
2024 · €17.4m-€3.5m
Cash
€309,992
2024 · €2.7m-€2.4m
Balance sheet total
€43.5m
2024 · €46.0m-€2.6m
Largest movements
Assets
- Cash -€2.4m
down €2.4m (-88.4%), from €2.7m to €309,992
mainly Other debts (-€6.3m) and Investment in fixed assets (net) (-€3.7m)
- Receivables within one year -€720,808
down €720,808 (-14.8%), from €4.9m to €4.1m
of which Other amounts receivable: -€1.5m
- Stocks and contracts +€535,737
up €535,737 (+20.8%), from €2.6m to €3.1m
Equity and liabilities
- Other debts -€6.3m
down €6.3m (-93.8%), from €6.7m to €419,210
- Debts after one year +€3.8m
up €3.8m (+20.3%), from €19.0m to €22.8m
of which Other amounts payable: +€5.5m
- Profit (loss) carried forward -€3.1m
down €3.1m (-49.8%), from -€6.3m to -€9.5m
- Short-term financial debts +€2.0m
new in 2025: €2.0m
- Trade debts +€1.0m
up €1.0m (+93.6%), from €1.1m to €2.1m
Income statement
- Gross operating margin +€1.2m
up €1.2m (+104%), from €1.1m to €2.3m
- Depreciation +€406,668
up €406,668 (+12.8%), from €3.2m to €3.6m
- Financial income +€304,386
up €304,386 (+255%), from €119,423 to €423,810
- Financial charges +€258,759
up €258,759 (+35.2%), from €734,097 to €992,855
of which Financial charges: +€258,759
- Staff costs +€87,221
up €87,221 (+8.5%), from €1.0m to €1.1m
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
-€3.9m
Gross operating margin
+€1.2m
Staff costs
-€87,221
Depreciation
-€406,668
Write-downs
-€6,177
Other operating charges
+€8,538
Other operating items
+€29,519
Financial income
+€304,386
Financial charges
-€258,759
Taxes
-€400
Result 2025
-€3.1m
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
-€4.2m
Investment
-€3.7m
Financing
+€5.5m
Cash 2024
€2.7m
From operations (derived)
-€4.2m
Net result for the year
-€3.1m
Depreciation
+€3.6m
Stocks and contracts
-€535,737
Receivables within one year
+€720,808
Deferred charges and accrued income
+€67,963
Trade debts
+€1.0m
Tax, wage and social debts
+€13,866
Advances received
+€170,889
Other debts
-€6.3m
Accrued charges and deferred income
+€167,155
Investment (derived)
-€3.7m
Investment in fixed assets (net)
-€3.7m
Financing
+€5.5m
Debts after one year
+€3.8m
Current portion of long-term debt
+€44,850
Short-term financial debts
+€2.0m
Contributions, distributions and other
-€389,790
Cash 2025
€309,992
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,032,437 | €43,481,004 | -€2.6m | -5.5% |
| Fixed assets | 21/28 | €35,726,453 | €35,790,336 | +€63,883 | +0.2% |
| Intangible fixed assets | 21 | €102,380 | €89,604 | -€12,776 | -12.5% |
| Tangible fixed assets | 22/27 | €35,624,073 | €35,300,732 | -€323,341 | -0.9% |
| Land and buildings | 22 | €22,210,903 | €22,586,221 | +€375,318 | +1.7% |
| Plant, machinery and equipment | 23 | €11,378,794 | €11,767,153 | +€388,359 | +3.4% |
| Furniture and vehicles | 24 | €343,848 | €321,612 | -€22,236 | -6.5% |
| Leasing and similar rights | 25 | €680 | €206 | -€474 | -69.7% |
| Other tangible fixed assets | 26 | €10,272 | €8,800 | -€1,472 | -14.3% |
| Assets under construction and advance payments | 27 | €1,679,576 | €616,740 | -€1.1m | -63.3% |
| Financial fixed assets | 28 | - | €400,000 | +€400,000 | |
| Current assets | 29/58 | €10,305,984 | €7,690,668 | -€2.6m | -25.4% |
| Stocks and contracts in progress | 3 | €2,575,155 | €3,110,892 | +€535,737 | +20.8% |
| Stocks | 30/36 | €2,575,155 | €3,110,892 | +€535,737 | +20.8% |
| Amounts receivable within one year | 40/41 | €4,859,011 | €4,138,203 | -€720,808 | -14.8% |
| Trade receivables | 40 | €680,910 | €1,435,766 | +€754,856 | +111% |
| Other amounts receivable | 41 | €4,178,101 | €2,702,437 | -€1.5m | -35.3% |
| Cash at bank and in hand | 54/58 | €2,672,275 | €309,992 | -€2.4m | -88.4% |
| Deferred charges and accrued income | 490/1 | €199,543 | €131,580 | -€67,963 | -34.1% |
| Total equity and liabilities | 10/49 | €46,032,437 | €43,481,004 | -€2.6m | -5.5% |
| Equity | 10/15 | €17,380,435 | €13,849,507 | -€3.5m | -20.3% |
| Contributions | 10/11 | €18,986,575 | €18,986,575 | = | 0.0% |
| Capital | 10 | €18,986,575 | €18,986,575 | = | 0.0% |
| Issued capital | 100 | €18,986,575 | €18,986,575 | = | 0.0% |
| Reserves | 13 | €730,351 | €730,351 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €426,684 | €426,684 | = | 0.0% |
| Distributable reserves | 133 | €297,518 | €297,518 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,309,553 | -€9,450,692 | -€3.1m | -49.8% |
| Investment grants | 15 | €3,973,063 | €3,583,273 | -€389,790 | -9.8% |
| Amounts payable | 17/49 | €28,652,002 | €29,631,497 | +€979,495 | +3.4% |
| Amounts payable after more than one year | 17 | €18,972,281 | €22,816,528 | +€3.8m | +20.3% |
| Financial debts | 170/4 | €18,972,281 | €17,306,210 | -€1.7m | -8.8% |
| Other amounts payable | 178/9 | - | €5,510,318 | +€5.5m | |
| Amounts payable within one year | 42/48 | €9,620,139 | €6,588,232 | -€3.0m | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €1,621,221 | €1,666,071 | +€44,850 | +2.8% |
| Financial debts | 43 | - | €2,000,000 | +€2.0m | |
| Credit institutions | 430/8 | - | €2,000,000 | +€2.0m | |
| Trade debts | 44 | €1,099,957 | €2,129,554 | +€1.0m | +93.6% |
| Suppliers | 440/4 | €1,099,957 | €2,129,554 | +€1.0m | +93.6% |
| Advances received on contracts in progress | 46 | - | €170,889 | +€170,889 | |
| Taxes, remuneration and social security | 45 | €188,643 | €202,509 | +€13,866 | +7.4% |
| Taxes | 450/3 | €12,766 | €15,410 | +€2,644 | +20.7% |
| Remuneration and social security | 454/9 | €175,877 | €187,099 | +€11,222 | +6.4% |
| Other amounts payable | 47/48 | €6,710,318 | €419,210 | -€6.3m | -93.8% |
| Accrued charges and deferred income | 492/3 | €59,581 | €226,737 | +€167,155 | +281% |
| Non-recurring operating income | 76A | €6,527 | €0 | -€6,527 | -100% |
| Remuneration, social security and pensions | 62 | €1,022,802 | €1,110,023 | +€87,221 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,180,840 | €3,587,508 | +€406,668 | +12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,177 | €0 | +€6,177 | |
| Other operating charges | 640/8 | €159,956 | €151,418 | -€8,538 | -5.3% |
| Non-recurring operating charges | 66A | €29,519 | €0 | -€29,519 | -100% |
| Gross operating margin | 9900 | €1,114,814 | €2,278,746 | +€1.2m | +104% |
| Operating profit (loss) | 9901 | -€3,272,126 | -€2,570,204 | +€701,923 | +21.5% |
| Financial income | 75/76B | €119,423 | €423,810 | +€304,386 | +255% |
| Recurring financial income | 75 | €119,423 | €423,810 | +€304,386 | +255% |
| Financial charges | 65/66B | €734,097 | €992,855 | +€258,759 | +35.2% |
| Recurring financial charges | 65 | €734,097 | €992,855 | +€258,759 | +35.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€3,886,800 | -€3,139,249 | +€747,551 | +19.2% |
| Income taxes | 67/77 | €1,489 | €1,889 | +€400 | +26.9% |
| Profit (loss) for the period | 9904 | -€3,888,289 | -€3,141,138 | +€747,150 | +19.2% |
| Transfer from tax-exempt reserves | 789 | €297,518 | €0 | -€297,518 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,590,771 | -€3,141,138 | +€449,633 | +12.5% |
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 30 October 2026 via checked.be.