CASTLING ADVISORY: 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.
CASTLING ADVISORY
Largest movements
- Cash -€298,316
down €298,316 (-82.3%), from €362,371 to €64,055
mainly Contributions, distributions and other (-€328,500) and Tax, wage and social debts (-€39,299)
- Receivables within one year -€11,069
down €11,069 (-53.6%), from €20,656 to €9,587
of which Trade receivables: -€17,485
- Reserves -€274,572
down €274,572 (-83.5%), from €328,680 to €54,108
- Tax, wage and social debts -€39,299
down €39,299 (-88.5%), from €44,418 to €5,120
- Gross operating margin -€60,978
down €60,978 (-44.1%), from €138,275 to €77,298
- Taxes -€10,886
down €10,886 (-33.2%), from €32,825 to €21,939
- Financial income -€3,321
down €3,321 (-100.0%), from €3,321 to €0
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 | €385,512 | €75,867 | -€309,645 | -80.3% |
| Fixed assets | 21/28 | €2,485 | €2,224 | -€260 | -10.5% |
| Tangible fixed assets | 22/27 | €2,485 | €2,224 | -€260 | -10.5% |
| Furniture and vehicles | 24 | €2,485 | €2,224 | -€260 | -10.5% |
| Current assets | 29/58 | €383,027 | €73,643 | -€309,384 | -80.8% |
| Amounts receivable within one year | 40/41 | €20,656 | €9,587 | -€11,069 | -53.6% |
| Trade receivables | 40 | €17,485 | €0 | -€17,485 | -100% |
| Other amounts receivable | 41 | €3,171 | €9,587 | +€6,416 | +202% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €362,371 | €64,055 | -€298,316 | -82.3% |
| Total equity and liabilities | 10/49 | €385,512 | €75,867 | -€309,645 | -80.3% |
| Equity | 10/15 | €330,680 | €56,108 | -€274,572 | -83.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €328,680 | €54,108 | -€274,572 | -83.5% |
| Distributable reserves | 133 | €328,680 | €54,108 | -€274,572 | -83.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €54,831 | €19,759 | -€35,072 | -64.0% |
| Amounts payable within one year | 42/48 | €54,831 | €19,759 | -€35,072 | -64.0% |
| Financial debts | 43 | - | €879 | +€879 | |
| Credit institutions | 430/8 | - | €879 | +€879 | |
| Trade debts | 44 | €3,619 | €7,004 | +€3,385 | +93.5% |
| Suppliers | 440/4 | €3,619 | €7,004 | +€3,385 | +93.5% |
| Taxes, remuneration and social security | 45 | €44,418 | €5,120 | -€39,299 | -88.5% |
| Taxes | 450/3 | €44,418 | €5,120 | -€39,299 | -88.5% |
| Other amounts payable | 47/48 | €6,794 | €6,756 | -€38 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119 | €260 | +€142 | +119% |
| Other operating charges | 640/8 | €966 | €1,007 | +€40 | +4.2% |
| Gross operating margin | 9900 | €138,275 | €77,298 | -€60,978 | -44.1% |
| Operating profit (loss) | 9901 | €137,190 | €76,030 | -€61,160 | -44.6% |
| Financial income | 75/76B | €3,321 | €0 | -€3,321 | -100.0% |
| Recurring financial income | 75 | €3,321 | €0 | -€3,321 | -100.0% |
| Financial charges | 65/66B | €107 | €164 | +€57 | +53.1% |
| Recurring financial charges | 65 | €107 | €164 | +€57 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €140,404 | €75,867 | -€64,538 | -46.0% |
| Income taxes | 67/77 | €32,825 | €21,939 | -€10,886 | -33.2% |
| Profit (loss) for the period | 9904 | €107,579 | €53,928 | -€53,652 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,579 | €53,928 | -€53,652 | -49.9% |
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 15 October 2026 via checked.be.