FELIX CASTILLO: 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.
FELIX CASTILLO
Largest movements
- Cash -€7,817
down €7,817 (-57.0%), from €13,709 to €5,892
mainly Receivables within one year (-€5,103) and Current portion of long-term debt (-€3,993)
- Tangible fixed assets -€6,934
down €6,934 (-45.4%), from €15,263 to €8,329
of which Furniture and vehicles: -€6,100
- Receivables within one year +€5,103
up €5,103 (+6459.7%), from €79 to €5,182
of which Trade receivables: +€4,921
- Current portion of long-term debt -€3,993
down €3,993 (-74.8%), from €5,339 to €1,346
- Tax, wage and social debts -€2,792
down €2,792 (-46.4%), from €6,022 to €3,230
of which Taxes: -€2,792
- Profit (loss) carried forward -€2,641
down €2,641 (-376.1%), from -€702 to -€3,343
- Debts after one year -€1,346
down €1,346 (-100.0%), from €1,346 to €0
- Other debts +€809
up €809 (+24.9%), from €3,243 to €4,052
- Gross operating margin -€4,637
down €4,637 (-31.3%), from €14,815 to €10,178
- Other operating charges -€1,143
down €1,143 (-22.5%), from €5,082 to €3,939
- Taxes -€1,050
down €1,050 (-36.6%), from €2,867 to €1,818
- Depreciation -€278
down €278 (-3.9%), from €7,212 to €6,934
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 | €29,471 | €19,847 | -€9,624 | -32.7% |
| Fixed assets | 21/28 | €15,263 | €8,329 | -€6,934 | -45.4% |
| Tangible fixed assets | 22/27 | €15,263 | €8,329 | -€6,934 | -45.4% |
| Plant, machinery and equipment | 23 | €1,578 | €745 | -€834 | -52.8% |
| Furniture and vehicles | 24 | €13,685 | €7,585 | -€6,100 | -44.6% |
| Current assets | 29/58 | €14,207 | €11,517 | -€2,690 | -18.9% |
| Amounts receivable within one year | 40/41 | €79 | €5,182 | +€5,103 | +6459.7% |
| Trade receivables | 40 | €79 | €5,000 | +€4,921 | +6229.1% |
| Other amounts receivable | 41 | €0 | €182 | +€182 | |
| Cash at bank and in hand | 54/58 | €13,709 | €5,892 | -€7,817 | -57.0% |
| Deferred charges and accrued income | 490/1 | €420 | €443 | +€24 | +5.6% |
| Total equity and liabilities | 10/49 | €29,471 | €19,847 | -€9,624 | -32.7% |
| Equity | 10/15 | €13,058 | €10,417 | -€2,641 | -20.2% |
| Contributions | 10/11 | €11,900 | €11,900 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€702 | -€3,343 | -€2,641 | -376.1% |
| Amounts payable | 17/49 | €16,413 | €9,429 | -€6,983 | -42.5% |
| Amounts payable after more than one year | 17 | €1,346 | €0 | -€1,346 | -100.0% |
| Financial debts | 170/4 | €1,346 | €0 | -€1,346 | -100.0% |
| Amounts payable within one year | 42/48 | €14,683 | €9,429 | -€5,254 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €5,339 | €1,346 | -€3,993 | -74.8% |
| Trade debts | 44 | €79 | €801 | +€722 | +914.0% |
| Suppliers | 440/4 | €79 | €801 | +€722 | +914.0% |
| Taxes, remuneration and social security | 45 | €6,022 | €3,230 | -€2,792 | -46.4% |
| Taxes | 450/3 | €5,122 | €2,330 | -€2,792 | -54.5% |
| Remuneration and social security | 454/9 | €900 | €900 | = | 0.0% |
| Other amounts payable | 47/48 | €3,243 | €4,052 | +€809 | +24.9% |
| Accrued charges and deferred income | 492/3 | €383 | €0 | -€383 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,212 | €6,934 | -€278 | -3.9% |
| Other operating charges | 640/8 | €5,082 | €3,939 | -€1,143 | -22.5% |
| Gross operating margin | 9900 | €14,815 | €10,178 | -€4,637 | -31.3% |
| Operating profit (loss) | 9901 | €2,521 | -€695 | -€3,216 | |
| Financial income | 75/76B | €3 | €5 | +€2 | +67.7% |
| Recurring financial income | 75 | €3 | €5 | +€2 | +67.7% |
| Financial charges | 65/66B | €203 | €132 | -€71 | -34.9% |
| Recurring financial charges | 65 | €203 | €132 | -€71 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €2,320 | -€823 | -€3,143 | |
| Income taxes | 67/77 | €2,867 | €1,818 | -€1,050 | -36.6% |
| Profit (loss) for the period | 9904 | -€547 | -€2,641 | -€2,093 | -382.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€547 | -€2,641 | -€2,093 | -382.6% |
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.