KASTELL: 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.
KASTELL
Largest movements
- Tangible fixed assets +€109,974
up €109,974 (+56.4%), from €194,923 to €304,896
of which Land and buildings: +€112,612
- Receivables within one year -€100,678
down €100,678 (-68.9%), from €146,070 to €45,392
of which Other amounts receivable: -€70,500
- Reserves +€34,515
up €34,515 (+33.6%), from €102,634 to €137,150
of which Distributable reserves: +€34,515
- Debts after one year -€23,890
down €23,890 (-16.7%), from €142,964 to €119,074
- Tax, wage and social debts +€16,978
up €16,978 (+91.8%), from €18,487 to €35,464
- Trade debts -€7,089
down €7,089 (-97.8%), from €7,249 to €160
- Current portion of long-term debt -€5,963
down €5,963 (-19.2%), from €30,999 to €25,036
- Gross operating margin +€51,739
up €51,739 (+85.1%), from €60,792 to €112,532
- Taxes +€10,641
up €10,641 (+200.6%), from €5,305 to €15,945
- Depreciation +€1,966
up €1,966 (+5.6%), from €35,161 to €37,127
- Financial charges -€1,729
down €1,729 (-25.7%), from €6,733 to €5,004
of which Financial charges: -€2,038
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 | €525,385 | €539,936 | +€14,551 | +2.8% |
| Fixed assets | 21/28 | €340,949 | €450,923 | +€109,974 | +32.3% |
| Tangible fixed assets | 22/27 | €194,923 | €304,896 | +€109,974 | +56.4% |
| Land and buildings | 22 | €188,973 | €301,584 | +€112,612 | +59.6% |
| Furniture and vehicles | 24 | €5,950 | €3,312 | -€2,638 | -44.3% |
| Financial fixed assets | 28 | €146,026 | €146,026 | = | 0.0% |
| Current assets | 29/58 | €184,437 | €89,014 | -€95,423 | -51.7% |
| Amounts receivable within one year | 40/41 | €146,070 | €45,392 | -€100,678 | -68.9% |
| Trade receivables | 40 | €70,635 | €40,456 | -€30,178 | -42.7% |
| Other amounts receivable | 41 | €75,435 | €4,935 | -€70,500 | -93.5% |
| Current investments | 50/53 | €8,244 | €8,244 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,123 | €33,801 | +€3,679 | +12.2% |
| Deferred charges and accrued income | 490/1 | €0 | €1,577 | +€1,577 | |
| Total equity and liabilities | 10/49 | €525,385 | €539,936 | +€14,551 | +2.8% |
| Equity | 10/15 | €325,686 | €360,202 | +€34,515 | +10.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €102,634 | €137,150 | +€34,515 | +33.6% |
| Tax-exempt reserves | 132 | €39,939 | €39,939 | = | 0.0% |
| Distributable reserves | 133 | €62,695 | €97,211 | +€34,515 | +55.1% |
| Profit (loss) carried forward | 14 | €213,052 | €213,052 | = | 0.0% |
| Amounts payable | 17/49 | €199,699 | €179,735 | -€19,964 | -10.0% |
| Amounts payable after more than one year | 17 | €142,964 | €119,074 | -€23,890 | -16.7% |
| Financial debts | 170/4 | €142,964 | €119,074 | -€23,890 | -16.7% |
| Amounts payable within one year | 42/48 | €56,735 | €60,660 | +€3,925 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €30,999 | €25,036 | -€5,963 | -19.2% |
| Trade debts | 44 | €7,249 | €160 | -€7,089 | -97.8% |
| Suppliers | 440/4 | €7,249 | €160 | -€7,089 | -97.8% |
| Taxes, remuneration and social security | 45 | €18,487 | €35,464 | +€16,978 | +91.8% |
| Taxes | 450/3 | €18,487 | €35,464 | +€16,978 | +91.8% |
| Remuneration, social security and pensions | 62 | €117 | €0 | -€117 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,161 | €37,127 | +€1,966 | +5.6% |
| Other operating charges | 640/8 | €2,971 | €3,606 | +€635 | +21.4% |
| Non-recurring operating charges | 66A | - | €16,444 | +€16,444 | |
| Gross operating margin | 9900 | €60,792 | €112,532 | +€51,739 | +85.1% |
| Operating profit (loss) | 9901 | €22,543 | €55,354 | +€32,811 | +145.6% |
| Financial income | 75/76B | €260 | €110 | -€150 | -57.6% |
| Recurring financial income | 75 | €260 | €35 | -€225 | -86.5% |
| Non-recurring financial income | 76B | - | €75 | +€75 | |
| Financial charges | 65/66B | €6,733 | €5,004 | -€1,729 | -25.7% |
| Recurring financial charges | 65 | €6,674 | €4,636 | -€2,038 | -30.5% |
| Non-recurring financial charges | 66B | €59 | €368 | +€309 | +525.0% |
| Profit (loss) for the period before taxes | 9903 | €16,070 | €50,461 | +€34,390 | +214.0% |
| Income taxes | 67/77 | €5,305 | €15,945 | +€10,641 | +200.6% |
| Profit (loss) for the period | 9904 | €10,766 | €34,515 | +€23,750 | +220.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,766 | €34,515 | +€23,750 | +220.6% |
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 12 October 2026 via checked.be.