IMMO CASTEELS: 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.
IMMO CASTEELS
Largest movements
- Stocks and contracts -€249,048
down €249,048 (-12.3%), from €2.0m to €1.8m
- Cash +€132,290
up €132,290 (+117.8%), from €112,285 to €244,575
mainly Net result for the year (+€307,008) and Stocks and contracts (+€249,048)
- Tangible fixed assets +€97,028
up €97,028 (+36.2%), from €268,098 to €365,125
of which Furniture and vehicles: +€93,170
- Reserves +€307,008
up €307,008 (+28.5%), from €1.1m to €1.4m
- Other debts -€181,568
down €181,568 (-98.1%), from €185,000 to €3,432
- Short-term financial debts -€177,500
down €177,500 (-21.6%), from €823,000 to €645,500
- Tax, wage and social debts -€117,916
down €117,916 (-61.5%), from €191,679 to €73,763
of which Taxes: -€120,544
- Debts after one year +€88,484
up €88,484 (+30.0%), from €295,240 to €383,724
- Gross operating margin +€165,910
up €165,910 (+33.8%), from €491,385 to €657,295
- Staff costs +€43,057
up €43,057 (+92.0%), from €46,806 to €89,863
- Taxes +€29,173
up €29,173 (+36.8%), from €79,336 to €108,509
- Depreciation +€18,890
up €18,890 (+23.9%), from €79,197 to €98,088
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 | €2,671,313 | €2,665,954 | -€5,359 | -0.2% |
| Fixed assets | 21/28 | €276,422 | €370,116 | +€93,694 | +33.9% |
| Intangible fixed assets | 21 | €8,324 | €4,991 | -€3,333 | -40.0% |
| Tangible fixed assets | 22/27 | €268,098 | €365,125 | +€97,028 | +36.2% |
| Land and buildings | 22 | €160,295 | €181,859 | +€21,564 | +13.5% |
| Plant, machinery and equipment | 23 | €4,128 | €2,423 | -€1,705 | -41.3% |
| Furniture and vehicles | 24 | €85,624 | €178,794 | +€93,170 | +108.8% |
| Other tangible fixed assets | 26 | €18,051 | €2,050 | -€16,001 | -88.6% |
| Current assets | 29/58 | €2,394,892 | €2,295,838 | -€99,054 | -4.1% |
| Stocks and contracts in progress | 3 | €2,029,482 | €1,780,434 | -€249,048 | -12.3% |
| Stocks | 30/36 | €2,029,482 | €1,780,434 | -€249,048 | -12.3% |
| Amounts receivable within one year | 40/41 | €249,867 | €270,828 | +€20,961 | +8.4% |
| Trade receivables | 40 | €185,842 | €218,236 | +€32,393 | +17.4% |
| Other amounts receivable | 41 | €64,025 | €52,593 | -€11,432 | -17.9% |
| Cash at bank and in hand | 54/58 | €112,285 | €244,575 | +€132,290 | +117.8% |
| Deferred charges and accrued income | 490/1 | €3,258 | €0 | -€3,258 | -100.0% |
| Total equity and liabilities | 10/49 | €2,671,313 | €2,665,954 | -€5,359 | -0.2% |
| Equity | 10/15 | €1,077,631 | €1,384,638 | +€307,008 | +28.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €1,076,131 | €1,383,138 | +€307,008 | +28.5% |
| Distributable reserves | 133 | €1,076,131 | €1,383,138 | +€307,008 | +28.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,593,683 | €1,281,316 | -€312,367 | -19.6% |
| Amounts payable after more than one year | 17 | €295,240 | €383,724 | +€88,484 | +30.0% |
| Financial debts | 170/4 | €295,240 | €383,724 | +€88,484 | +30.0% |
| Amounts payable within one year | 42/48 | €1,298,443 | €895,252 | -€403,191 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €68,442 | €84,581 | +€16,139 | +23.6% |
| Financial debts | 43 | €823,000 | €645,500 | -€177,500 | -21.6% |
| Credit institutions | 430/8 | €823,000 | €645,500 | -€177,500 | -21.6% |
| Trade debts | 44 | €30,322 | €87,976 | +€57,654 | +190.1% |
| Suppliers | 440/4 | €30,322 | €87,976 | +€57,654 | +190.1% |
| Taxes, remuneration and social security | 45 | €191,679 | €73,763 | -€117,916 | -61.5% |
| Taxes | 450/3 | €179,394 | €58,850 | -€120,544 | -67.2% |
| Remuneration and social security | 454/9 | €12,285 | €14,913 | +€2,628 | +21.4% |
| Other amounts payable | 47/48 | €185,000 | €3,432 | -€181,568 | -98.1% |
| Accrued charges and deferred income | 492/3 | - | €2,340 | +€2,340 | |
| Remuneration, social security and pensions | 62 | €46,806 | €89,863 | +€43,057 | +92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,197 | €98,088 | +€18,890 | +23.9% |
| Other operating charges | 640/8 | €13,866 | €11,550 | -€2,316 | -16.7% |
| Gross operating margin | 9900 | €491,385 | €657,295 | +€165,910 | +33.8% |
| Operating profit (loss) | 9901 | €351,515 | €457,794 | +€106,279 | +30.2% |
| Financial income | 75/76B | €6,039 | €695 | -€5,344 | -88.5% |
| Recurring financial income | 75 | €6,039 | €695 | -€5,344 | -88.5% |
| Financial charges | 65/66B | €38,559 | €42,972 | +€4,414 | +11.4% |
| Recurring financial charges | 65 | €38,559 | €42,972 | +€4,414 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €318,995 | €415,516 | +€96,521 | +30.3% |
| Income taxes | 67/77 | €79,336 | €108,509 | +€29,173 | +36.8% |
| Profit (loss) for the period | 9904 | €239,660 | €307,008 | +€67,348 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €239,660 | €307,008 | +€67,348 | +28.1% |
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.