LE CASTEL: 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.
LE CASTEL
Largest movements
- Tangible fixed assets -€16,988
down €16,988 (-25.3%), from €67,144 to €50,156
of which Furniture and vehicles: -€12,693
- Deferred charges and accrued income -€2,678
down €2,678 (-32.7%), from €8,200 to €5,523
- Cash +€1,912
up €1,912 (+12.1%), from €15,759 to €17,671
mainly Depreciation (+€19,338) and Deferred charges and accrued income (+€2,678)
- Debts after one year -€10,076
down €10,076 (-48.0%), from €20,975 to €10,898
- Profit (loss) carried forward -€3,431
down €3,431 (-17.9%), from €19,137 to €15,706
- Other debts -€2,414
down €2,414 (-65.8%), from €3,668 to €1,254
- Staff costs -€24,780
down €24,780 (-23.9%), from €103,654 to €78,874
- Gross operating margin -€24,392
down €24,392 (-19.7%), from €123,915 to €99,523
- Depreciation +€4,690
up €4,690 (+32.0%), from €14,648 to €19,338
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 | €143,300 | €126,866 | -€16,435 | -11.5% |
| Fixed assets | 21/28 | €74,644 | €57,656 | -€16,988 | -22.8% |
| Tangible fixed assets | 22/27 | €67,144 | €50,156 | -€16,988 | -25.3% |
| Plant, machinery and equipment | 23 | €22,820 | €18,525 | -€4,295 | -18.8% |
| Furniture and vehicles | 24 | €44,324 | €31,631 | -€12,693 | -28.6% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €68,656 | €69,209 | +€553 | +0.8% |
| Stocks and contracts in progress | 3 | €10,971 | €11,471 | +€501 | +4.6% |
| Stocks | 30/36 | €10,971 | €11,471 | +€501 | +4.6% |
| Amounts receivable within one year | 40/41 | €33,726 | €34,545 | +€819 | +2.4% |
| Trade receivables | 40 | €30,094 | €27,476 | -€2,619 | -8.7% |
| Other amounts receivable | 41 | €3,632 | €7,069 | +€3,438 | +94.7% |
| Cash at bank and in hand | 54/58 | €15,759 | €17,671 | +€1,912 | +12.1% |
| Deferred charges and accrued income | 490/1 | €8,200 | €5,523 | -€2,678 | -32.7% |
| Total equity and liabilities | 10/49 | €143,300 | €126,866 | -€16,435 | -11.5% |
| Equity | 10/15 | €71,749 | €68,318 | -€3,431 | -4.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €33,862 | €33,862 | = | 0.0% |
| Distributable reserves | 133 | €33,862 | €33,862 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,137 | €15,706 | -€3,431 | -17.9% |
| Amounts payable | 17/49 | €71,551 | €58,548 | -€13,003 | -18.2% |
| Amounts payable after more than one year | 17 | €20,975 | €10,898 | -€10,076 | -48.0% |
| Financial debts | 170/4 | €20,975 | €10,898 | -€10,076 | -48.0% |
| Amounts payable within one year | 42/48 | €50,576 | €47,649 | -€2,927 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €11,651 | €12,306 | +€655 | +5.6% |
| Trade debts | 44 | €26,709 | €26,200 | -€510 | -1.9% |
| Suppliers | 440/4 | €26,709 | €26,200 | -€510 | -1.9% |
| Taxes, remuneration and social security | 45 | €8,548 | €7,889 | -€658 | -7.7% |
| Taxes | 450/3 | €288 | €1,264 | +€976 | +339% |
| Remuneration and social security | 454/9 | €8,260 | €6,625 | -€1,635 | -19.8% |
| Other amounts payable | 47/48 | €3,668 | €1,254 | -€2,414 | -65.8% |
| Remuneration, social security and pensions | 62 | €103,654 | €78,874 | -€24,780 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,648 | €19,338 | +€4,690 | +32.0% |
| Gross operating margin | 9900 | €123,915 | €99,523 | -€24,392 | -19.7% |
| Operating profit (loss) | 9901 | €5,613 | €1,311 | -€4,302 | -76.6% |
| Financial income | 75/76B | €54 | €41 | -€13 | -24.0% |
| Recurring financial income | 75 | €54 | €41 | -€13 | -24.0% |
| Financial charges | 65/66B | €3,099 | €3,055 | -€44 | -1.4% |
| Recurring financial charges | 65 | €3,099 | €3,055 | -€44 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €2,568 | -€1,703 | -€4,271 | |
| Income taxes | 67/77 | €2,390 | €1,728 | -€662 | -27.7% |
| Profit (loss) for the period | 9904 | €178 | -€3,431 | -€3,610 | |
| Profit (loss) for the period to be appropriated | 9905 | €178 | -€3,431 | -€3,610 |
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 26 October 2026 via checked.be.