RD 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.
RD CASTEL
Largest movements
- Cash +€26,095
up €26,095 (+19.3%), from €135,262 to €161,357
mainly Net result for the year (+€56,662) and Depreciation (+€11,577)
- Receivables within one year +€24,127
up €24,127 (+2,522%), from €957 to €25,083
of which Other amounts receivable: +€15,256
- Tangible fixed assets -€3,936
down €3,936 (-6.5%), from €60,323 to €56,387
of which Land and buildings: -€3,167
- Reserves +€56,662
up €56,662 (+23.4%), from €242,613 to €299,275
- Other debts -€7,437
no longer reported in 2025 (was €7,437)
- Debts after one year -€6,443
down €6,443 (-36.7%), from €17,560 to €11,117
- Trade debts +€4,060
new in 2025: €4,060
- Other operating charges -€6,450
down €6,450 (-75.6%), from €8,534 to €2,083
- Gross operating margin -€2,155
down €2,155 (-2.3%), from €93,015 to €90,860
- Depreciation +€1,213
up €1,213 (+11.7%), from €10,364 to €11,577
- Taxes +€1,053
up €1,053 (+4.9%), from €21,395 to €22,449
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 | €298,225 | €342,995 | +€44,769 | +15.0% |
| Fixed assets | 21/28 | €60,348 | €56,412 | -€3,936 | -6.5% |
| Tangible fixed assets | 22/27 | €60,323 | €56,387 | -€3,936 | -6.5% |
| Land and buildings | 22 | €59,554 | €56,387 | -€3,167 | -5.3% |
| Plant, machinery and equipment | 23 | €769 | - | -€769 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €237,878 | €286,583 | +€48,705 | +20.5% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €957 | €25,083 | +€24,127 | +2,522% |
| Trade receivables | 40 | €890 | €9,761 | +€8,871 | +997% |
| Other amounts receivable | 41 | €67 | €15,322 | +€15,256 | +22,893% |
| Cash at bank and in hand | 54/58 | €135,262 | €161,357 | +€26,095 | +19.3% |
| Deferred charges and accrued income | 490/1 | €1,659 | €142 | -€1,516 | -91.4% |
| Total equity and liabilities | 10/49 | €298,225 | €342,995 | +€44,769 | +15.0% |
| Equity | 10/15 | €255,013 | €311,675 | +€56,662 | +22.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €242,613 | €299,275 | +€56,662 | +23.4% |
| Distributable reserves | 133 | €242,613 | €299,275 | +€56,662 | +23.4% |
| Amounts payable | 17/49 | €43,213 | €31,320 | -€11,892 | -27.5% |
| Amounts payable after more than one year | 17 | €17,560 | €11,117 | -€6,443 | -36.7% |
| Financial debts | 170/4 | €17,560 | €11,117 | -€6,443 | -36.7% |
| Amounts payable within one year | 42/48 | €25,652 | €20,203 | -€5,449 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €6,277 | €6,443 | +€166 | +2.6% |
| Trade debts | 44 | - | €4,060 | +€4,060 | |
| Suppliers | 440/4 | - | €4,060 | +€4,060 | |
| Taxes, remuneration and social security | 45 | €11,939 | €9,700 | -€2,239 | -18.8% |
| Taxes | 450/3 | €11,939 | €9,700 | -€2,239 | -18.8% |
| Other amounts payable | 47/48 | €7,437 | - | -€7,437 | |
| Non-recurring operating income | 76A | - | €7,331 | +€7,331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,364 | €11,577 | +€1,213 | +11.7% |
| Other operating charges | 640/8 | €8,534 | €2,083 | -€6,450 | -75.6% |
| Gross operating margin | 9900 | €93,015 | €90,860 | -€2,155 | -2.3% |
| Operating profit (loss) | 9901 | €74,118 | €77,200 | +€3,083 | +4.2% |
| Financial income | 75/76B | €2,841 | €2,840 | -€1 | 0.0% |
| Recurring financial income | 75 | €2,841 | €2,840 | -€1 | 0.0% |
| Financial charges | 65/66B | €1,152 | €930 | -€222 | -19.2% |
| Recurring financial charges | 65 | €1,152 | €930 | -€222 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €75,807 | €79,110 | +€3,304 | +4.4% |
| Income taxes | 67/77 | €21,395 | €22,449 | +€1,053 | +4.9% |
| Profit (loss) for the period | 9904 | €54,411 | €56,662 | +€2,250 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,411 | €56,662 | +€2,250 | +4.1% |
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 22 October 2026 via checked.be.