NEW 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.
NEW CASTEL
Largest movements
- Receivables within one year -€1.3m
down €1.3m (-43.1%), from €3.0m to €1.7m
of which Trade receivables: -€1.3m
- Cash +€339,607
up €339,607 (+321%), from €105,711 to €445,318
mainly Receivables within one year (+€1.3m) and Net result for the year (+€16,901)
- Other debts -€859,014
down €859,014 (-34.1%), from €2.5m to €1.7m
- Trade debts -€108,271
down €108,271 (-32.2%), from €336,568 to €228,297
- Gross operating margin -€48,689
down €48,689 (-24.0%), from €202,960 to €154,271
- Financial charges -€21,978
down €21,978 (-16.7%), from €131,511 to €109,533
- Taxes -€10,614
down €10,614 (-64.8%), from €16,391 to €5,777
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 | €3,807,065 | €2,846,732 | -€960,333 | -25.2% |
| Fixed assets | 21/28 | €683,797 | €668,843 | -€14,955 | -2.2% |
| Tangible fixed assets | 22/27 | €673,797 | €658,843 | -€14,955 | -2.2% |
| Land and buildings | 22 | €639,808 | €625,920 | -€13,888 | -2.2% |
| Plant, machinery and equipment | 23 | €2,133 | €1,067 | -€1,067 | -50.0% |
| Furniture and vehicles | 24 | €31,856 | €31,856 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €3,123,268 | €2,177,889 | -€945,379 | -30.3% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,998,973 | €1,706,711 | -€1.3m | -43.1% |
| Trade receivables | 40 | €2,945,364 | €1,609,169 | -€1.3m | -45.4% |
| Other amounts receivable | 41 | €53,609 | €97,543 | +€43,933 | +82.0% |
| Cash at bank and in hand | 54/58 | €105,711 | €445,318 | +€339,607 | +321% |
| Deferred charges and accrued income | 490/1 | €3,584 | €10,860 | +€7,276 | +203% |
| Total equity and liabilities | 10/49 | €3,807,065 | €2,846,732 | -€960,333 | -25.2% |
| Equity | 10/15 | €892,705 | €909,607 | +€16,901 | +1.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €212,437 | €212,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €205,000 | €205,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €618,268 | €635,170 | +€16,901 | +2.7% |
| Amounts payable | 17/49 | €2,914,360 | €1,937,125 | -€977,235 | -33.5% |
| Amounts payable within one year | 42/48 | €2,909,012 | €1,935,838 | -€973,174 | -33.5% |
| Financial debts | 43 | €43,597 | €43,741 | +€144 | +0.3% |
| Credit institutions | 430/8 | €43,597 | €43,741 | +€144 | +0.3% |
| Trade debts | 44 | €336,568 | €228,297 | -€108,271 | -32.2% |
| Suppliers | 440/4 | €336,568 | €228,297 | -€108,271 | -32.2% |
| Taxes, remuneration and social security | 45 | €10,110 | €4,077 | -€6,033 | -59.7% |
| Taxes | 450/3 | €10,110 | €4,077 | -€6,033 | -59.7% |
| Other amounts payable | 47/48 | €2,518,737 | €1,659,724 | -€859,014 | -34.1% |
| Accrued charges and deferred income | 492/3 | €5,348 | €1,287 | -€4,061 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,955 | €14,955 | = | 0.0% |
| Other operating charges | 640/8 | €7,334 | €8,966 | +€1,632 | +22.3% |
| Gross operating margin | 9900 | €202,960 | €154,271 | -€48,689 | -24.0% |
| Operating profit (loss) | 9901 | €180,671 | €130,350 | -€50,321 | -27.9% |
| Financial income | 75/76B | €504 | €1,861 | +€1,357 | +269% |
| Recurring financial income | 75 | €504 | €1,861 | +€1,357 | +269% |
| Financial charges | 65/66B | €131,511 | €109,533 | -€21,978 | -16.7% |
| Recurring financial charges | 65 | €131,511 | €109,533 | -€21,978 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €49,665 | €22,678 | -€26,986 | -54.3% |
| Income taxes | 67/77 | €16,391 | €5,777 | -€10,614 | -64.8% |
| Profit (loss) for the period | 9904 | €33,274 | €16,901 | -€16,373 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,274 | €16,901 | -€16,373 | -49.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.