BANDE CATHERINE: 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.
BANDE CATHERINE
Largest movements
- Cash +€52,850
up €52,850 (+59.0%), from €89,508 to €142,358
mainly Other debts (+€47,208) and Net result for the year (+€45,876)
- Stocks and contracts +€4,155
up €4,155 (+49.4%), from €8,418 to €12,573
- Tangible fixed assets +€2,398
up €2,398 (+78.6%), from €3,052 to €5,450
of which Furniture and vehicles: +€2,753
- Other debts +€47,208
up €47,208 (+526.1%), from €8,973 to €56,182
- Profit (loss) carried forward +€5,876
up €5,876 (+8.1%), from €72,529 to €78,404
- Tax, wage and social debts +€4,296
up €4,296 (+34.4%), from €12,503 to €16,799
of which Taxes: +€4,296
- Gross operating margin +€17,410
up €17,410 (+36.0%), from €48,371 to €65,780
- Taxes +€2,592
up €2,592 (+26.7%), from €9,694 to €12,286
- Depreciation +€2,442
up €2,442 (+111.1%), from €2,197 to €4,639
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 | €107,219 | €165,718 | +€58,499 | +54.6% |
| Fixed assets | 21/28 | €9,244 | €10,214 | +€970 | +10.5% |
| Intangible fixed assets | 21 | €6,192 | €4,764 | -€1,428 | -23.1% |
| Tangible fixed assets | 22/27 | €3,052 | €5,450 | +€2,398 | +78.6% |
| Furniture and vehicles | 24 | €361 | €3,113 | +€2,753 | +763.3% |
| Other tangible fixed assets | 26 | €2,691 | €2,336 | -€355 | -13.2% |
| Current assets | 29/58 | €97,975 | €155,505 | +€57,529 | +58.7% |
| Stocks and contracts in progress | 3 | €8,418 | €12,573 | +€4,155 | +49.4% |
| Stocks | 30/36 | €8,418 | €12,573 | +€4,155 | +49.4% |
| Amounts receivable within one year | 40/41 | €49 | €106 | +€56 | +114.0% |
| Other amounts receivable | 41 | €49 | €106 | +€56 | +114.0% |
| Cash at bank and in hand | 54/58 | €89,508 | €142,358 | +€52,850 | +59.0% |
| Deferred charges and accrued income | 490/1 | - | €468 | +€468 | |
| Total equity and liabilities | 10/49 | €107,219 | €165,718 | +€58,499 | +54.6% |
| Equity | 10/15 | €76,529 | €82,404 | +€5,876 | +7.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,529 | €78,404 | +€5,876 | +8.1% |
| Amounts payable | 17/49 | €30,691 | €83,314 | +€52,624 | +171.5% |
| Amounts payable within one year | 42/48 | €30,691 | €83,314 | +€52,624 | +171.5% |
| Trade debts | 44 | €9,214 | €10,333 | +€1,119 | +12.1% |
| Suppliers | 440/4 | €9,214 | €10,333 | +€1,119 | +12.1% |
| Taxes, remuneration and social security | 45 | €12,503 | €16,799 | +€4,296 | +34.4% |
| Taxes | 450/3 | €10,503 | €14,799 | +€4,296 | +40.9% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €8,973 | €56,182 | +€47,208 | +526.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,197 | €4,639 | +€2,442 | +111.1% |
| Other operating charges | 640/8 | €1,594 | €2,022 | +€428 | +26.8% |
| Gross operating margin | 9900 | €48,371 | €65,780 | +€17,410 | +36.0% |
| Operating profit (loss) | 9901 | €44,580 | €59,120 | +€14,540 | +32.6% |
| Financial income | 75/76B | €134 | €153 | +€19 | +14.0% |
| Recurring financial income | 75 | €134 | €153 | +€19 | +14.0% |
| Financial charges | 65/66B | €806 | €1,111 | +€305 | +37.9% |
| Recurring financial charges | 65 | €806 | €1,111 | +€305 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €43,909 | €58,162 | +€14,253 | +32.5% |
| Income taxes | 67/77 | €9,694 | €12,286 | +€2,592 | +26.7% |
| Profit (loss) for the period | 9904 | €34,214 | €45,876 | +€11,662 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,214 | €45,876 | +€11,662 | +34.1% |
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 11 October 2026 via checked.be.