CASTLESPIRIT: what changed
Two fiscal 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.
CASTLESPIRIT
Largest movements
- Tangible fixed assets -€25,257
down €25,257 (-5.4%), from €469,919 to €444,662
of which Land and buildings: -€25,074
- Receivables within one year +€9,727
up €9,727 (+20.1%), from €48,400 to €58,127
of which Trade receivables: +€9,727
- Debts after one year -€34,271
down €34,271 (-5.1%), from €677,740 to €643,469
of which Financial debts: -€34,271
- Trade debts +€22,623
up €22,623 (+1409.1%), from €1,605 to €24,228
- Other debts -€10,437
down €10,437 (-3.4%), from €307,873 to €297,437
- Profit (loss) carried forward +€6,532
up €6,532 (+1.2%), from -€526,153 to -€519,621
- Gross operating margin -€3,604
down €3,604 (-5.1%), from €71,189 to €67,585
- Financial charges -€2,996
down €2,996 (-34.7%), from €8,641 to €5,645
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.
Cash bridge derived
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 | €523,646 | €507,183 | -€16,463 | -3.1% |
| Fixed assets | 21/28 | €469,919 | €444,662 | -€25,257 | -5.4% |
| Tangible fixed assets | 22/27 | €469,919 | €444,662 | -€25,257 | -5.4% |
| Land and buildings | 22 | €469,736 | €444,662 | -€25,074 | -5.3% |
| Plant, machinery and equipment | 23 | €183 | €0 | -€183 | -100.0% |
| Current assets | 29/58 | €53,727 | €62,520 | +€8,793 | +16.4% |
| Amounts receivable within one year | 40/41 | €48,400 | €58,127 | +€9,727 | +20.1% |
| Trade receivables | 40 | €48,400 | €58,127 | +€9,727 | +20.1% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €3,791 | €1,273 | -€2,517 | -66.4% |
| Deferred charges and accrued income | 490/1 | €1,536 | €3,120 | +€1,584 | +103.1% |
| Total equity and liabilities | 10/49 | €523,646 | €507,183 | -€16,463 | -3.1% |
| Equity | 10/15 | -€501,153 | -€494,621 | +€6,532 | +1.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€526,153 | -€519,621 | +€6,532 | +1.2% |
| Amounts payable | 17/49 | €1,024,799 | €1,001,803 | -€22,996 | -2.2% |
| Amounts payable after more than one year | 17 | €677,740 | €643,469 | -€34,271 | -5.1% |
| Financial debts | 170/4 | €207,740 | €173,469 | -€34,271 | -16.5% |
| Other amounts payable | 178/9 | €470,000 | €470,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €347,059 | €358,335 | +€11,275 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €33,492 | €34,271 | +€779 | +2.3% |
| Trade debts | 44 | €1,605 | €24,228 | +€22,623 | +1409.1% |
| Suppliers | 440/4 | €1,605 | €24,228 | +€22,623 | +1409.1% |
| Taxes, remuneration and social security | 45 | €4,088 | €2,399 | -€1,690 | -41.3% |
| Taxes | 450/3 | €4,088 | €2,399 | -€1,690 | -41.3% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €307,873 | €297,437 | -€10,437 | -3.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,467 | €49,257 | -€210 | -0.4% |
| Other operating charges | 640/8 | €6,646 | €6,151 | -€495 | -7.4% |
| Gross operating margin | 9900 | €71,189 | €67,585 | -€3,604 | -5.1% |
| Operating profit (loss) | 9901 | €15,076 | €12,177 | -€2,899 | -19.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,641 | €5,645 | -€2,996 | -34.7% |
| Recurring financial charges | 65 | €8,641 | €5,645 | -€2,996 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €6,435 | €6,532 | +€97 | +1.5% |
| Profit (loss) for the period | 9904 | €6,435 | €6,532 | +€97 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,435 | €6,532 | +€97 | +1.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.