Dr Castelain: 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.
Dr Castelain
Largest movements
- Receivables within one year +€8,732
up €8,732 (+77.1%), from €11,321 to €20,053
- Cash -€1,813
down €1,813 (-76.9%), from €2,358 to €545
mainly Receivables within one year (-€8,732) and Tax, wage and social debts (-€5,573)
- Tangible fixed assets -€738
down €738 (-51.2%), from €1,442 to €704
of which Furniture and vehicles: -€637
- Profit (loss) carried forward +€12,305
up €12,305 (+61.9%), from €19,895 to €32,200
- Tax, wage and social debts -€5,573
down €5,573 (-61.4%), from €9,073 to €3,500
of which Taxes: -€5,573
- Trade debts -€610
down €610 (-45.3%), from €1,346 to €736
- Gross operating margin +€2,012
up €2,012 (+12.3%), from €16,355 to €18,366
- Financial charges -€783
down €783 (-70.3%), from €1,114 to €330
- Other operating charges +€409
up €409 (+143.4%), from €285 to €695
- Taxes +€277
up €277 (+6.0%), from €4,620 to €4,897
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 | €33,564 | €39,686 | +€6,122 | +18.2% |
| Formation expenses | 20 | €615 | €350 | -€266 | -43.2% |
| Fixed assets | 21/28 | €1,442 | €704 | -€738 | -51.2% |
| Tangible fixed assets | 22/27 | €1,442 | €704 | -€738 | -51.2% |
| Plant, machinery and equipment | 23 | €101 | €0 | -€101 | -100.0% |
| Furniture and vehicles | 24 | €1,341 | €704 | -€637 | -47.5% |
| Current assets | 29/58 | €31,506 | €38,633 | +€7,126 | +22.6% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,321 | €20,053 | +€8,732 | +77.1% |
| Other amounts receivable | 41 | €11,321 | €20,053 | +€8,732 | +77.1% |
| Cash at bank and in hand | 54/58 | €2,358 | €545 | -€1,813 | -76.9% |
| Deferred charges and accrued income | 490/1 | €2,827 | €3,035 | +€208 | +7.4% |
| Total equity and liabilities | 10/49 | €33,564 | €39,686 | +€6,122 | +18.2% |
| Equity | 10/15 | €22,395 | €34,700 | +€12,305 | +54.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,895 | €32,200 | +€12,305 | +61.9% |
| Amounts payable | 17/49 | €11,169 | €4,986 | -€6,183 | -55.4% |
| Amounts payable within one year | 42/48 | €10,419 | €4,236 | -€6,183 | -59.3% |
| Trade debts | 44 | €1,346 | €736 | -€610 | -45.3% |
| Suppliers | 440/4 | €1,346 | €736 | -€610 | -45.3% |
| Taxes, remuneration and social security | 45 | €9,073 | €3,500 | -€5,573 | -61.4% |
| Taxes | 450/3 | €9,073 | €3,500 | -€5,573 | -61.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,110 | €1,004 | -€106 | -9.5% |
| Other operating charges | 640/8 | €285 | €695 | +€409 | +143.4% |
| Gross operating margin | 9900 | €16,355 | €18,366 | +€2,012 | +12.3% |
| Operating profit (loss) | 9901 | €14,960 | €16,668 | +€1,708 | +11.4% |
| Financial income | 75/76B | €874 | €865 | -€9 | -1.0% |
| Recurring financial income | 75 | €874 | €865 | -€9 | -1.0% |
| Financial charges | 65/66B | €1,114 | €330 | -€783 | -70.3% |
| Recurring financial charges | 65 | €1,114 | €330 | -€783 | -70.3% |
| Profit (loss) for the period before taxes | 9903 | €14,719 | €17,202 | +€2,482 | +16.9% |
| Income taxes | 67/77 | €4,620 | €4,897 | +€277 | +6.0% |
| Profit (loss) for the period | 9904 | €10,099 | €12,305 | +€2,206 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,099 | €12,305 | +€2,206 | +21.8% |
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 10 October 2026 via checked.be.