KASTELLUM: 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.
KASTELLUM
Largest movements
- Cash -€66,386
down €66,386 (-50.5%), from €131,514 to €65,128
mainly Contributions, distributions and other (-€202,391) and Receivables within one year (-€37,252)
- Receivables within one year +€37,252
up €37,252 (+133%), from €28,105 to €65,357
of which Trade receivables: +€32,004
- Financial fixed assets +€28,781
new in 2025: €28,781
- Receivables after one year -€25,000
down €25,000 (-100%), from €25,000 to €0
- Deferred charges and accrued income -€3,102
down €3,102 (-52.5%), from €5,908 to €2,806
- Reserves -€127,668
down €127,668 (-76.3%), from €167,391 to €39,723
- Other debts +€95,000
up €95,000, from €0 to €95,000
- Tax, wage and social debts +€3,457
up €3,457 (+32.0%), from €10,798 to €14,255
of which Taxes: +€3,882
- Gross operating margin +€30,608
up €30,608 (+44.3%), from €69,164 to €99,772
- Taxes +€6,444
up €6,444 (+41.2%), from €15,640 to €22,084
- Financial charges +€2,403
up €2,403 (+237%), from €1,015 to €3,418
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 | €195,994 | €166,951 | -€29,043 | -14.8% |
| Fixed assets | 21/28 | €5,468 | €33,660 | +€28,193 | +516% |
| Intangible fixed assets | 21 | €2,260 | €1,807 | -€452 | -20.0% |
| Tangible fixed assets | 22/27 | €3,208 | €3,072 | -€136 | -4.2% |
| Furniture and vehicles | 24 | €1,982 | €2,246 | +€264 | +13.3% |
| Other tangible fixed assets | 26 | €1,226 | €826 | -€400 | -32.6% |
| Financial fixed assets | 28 | - | €28,781 | +€28,781 | |
| Current assets | 29/58 | €190,526 | €133,291 | -€57,236 | -30.0% |
| Amounts receivable after more than one year | 29 | €25,000 | €0 | -€25,000 | -100% |
| Other amounts receivable | 291 | €25,000 | €0 | -€25,000 | -100% |
| Amounts receivable within one year | 40/41 | €28,105 | €65,357 | +€37,252 | +133% |
| Trade receivables | 40 | €27,075 | €59,079 | +€32,004 | +118% |
| Other amounts receivable | 41 | €1,030 | €6,277 | +€5,248 | +510% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €131,514 | €65,128 | -€66,386 | -50.5% |
| Deferred charges and accrued income | 490/1 | €5,908 | €2,806 | -€3,102 | -52.5% |
| Total equity and liabilities | 10/49 | €195,994 | €166,951 | -€29,043 | -14.8% |
| Equity | 10/15 | €169,391 | €41,723 | -€127,668 | -75.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €167,391 | €39,723 | -€127,668 | -76.3% |
| Distributable reserves | 133 | €167,391 | €39,723 | -€127,668 | -76.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,603 | €125,228 | +€98,625 | +371% |
| Amounts payable within one year | 42/48 | €26,603 | €124,134 | +€97,531 | +367% |
| Trade debts | 44 | €15,805 | €14,879 | -€926 | -5.9% |
| Suppliers | 440/4 | €15,805 | €14,879 | -€926 | -5.9% |
| Taxes, remuneration and social security | 45 | €10,798 | €14,255 | +€3,457 | +32.0% |
| Taxes | 450/3 | €7,757 | €11,640 | +€3,882 | +50.1% |
| Remuneration and social security | 454/9 | €3,041 | €2,616 | -€425 | -14.0% |
| Other amounts payable | 47/48 | €0 | €95,000 | +€95,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,094 | +€1,094 | |
| Non-recurring operating income | 76A | - | €9,256 | +€9,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,157 | €1,439 | +€282 | +24.4% |
| Other operating charges | 640/8 | €1,637 | €1,378 | -€259 | -15.8% |
| Non-recurring operating charges | 66A | - | €1,340 | +€1,340 | |
| Gross operating margin | 9900 | €69,164 | €99,772 | +€30,608 | +44.3% |
| Operating profit (loss) | 9901 | €66,369 | €95,614 | +€29,245 | +44.1% |
| Financial income | 75/76B | €4,714 | €4,610 | -€104 | -2.2% |
| Recurring financial income | 75 | €4,714 | €4,610 | -€104 | -2.2% |
| Financial charges | 65/66B | €1,015 | €3,418 | +€2,403 | +237% |
| Recurring financial charges | 65 | €1,015 | €3,418 | +€2,403 | +237% |
| Profit (loss) for the period before taxes | 9903 | €70,068 | €96,807 | +€26,739 | +38.2% |
| Income taxes | 67/77 | €15,640 | €22,084 | +€6,444 | +41.2% |
| Profit (loss) for the period | 9904 | €54,428 | €74,723 | +€20,295 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,428 | €74,723 | +€20,295 | +37.3% |
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 25 October 2026 via checked.be.