C.A.T.: 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.
C.A.T.
Largest movements
- Cash +€73,042
up €73,042 (+14.7%), from €496,124 to €569,166
mainly Net result for the year (+€124,312) and Tax, wage and social debts (+€14,966)
- Tangible fixed assets -€10,811
down €10,811 (-7.6%), from €142,732 to €131,921
of which Land and buildings: -€7,011
- Profit (loss) carried forward +€44,012
up €44,012 (+6.9%), from €635,081 to €679,093
- Tax, wage and social debts +€14,966
up €14,966 (+166%), from €9,017 to €23,983
of which Taxes: +€10,693
- Gross operating margin -€3,033
down €3,033 (-1.5%), from €196,581 to €193,548
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 | €694,260 | €756,058 | +€61,798 | +8.9% |
| Fixed assets | 21/28 | €142,732 | €131,921 | -€10,811 | -7.6% |
| Tangible fixed assets | 22/27 | €142,732 | €131,921 | -€10,811 | -7.6% |
| Land and buildings | 22 | €132,176 | €125,165 | -€7,011 | -5.3% |
| Plant, machinery and equipment | 23 | €7,466 | €4,826 | -€2,639 | -35.4% |
| Furniture and vehicles | 24 | €3,091 | €1,930 | -€1,161 | -37.6% |
| Current assets | 29/58 | €551,528 | €624,137 | +€72,608 | +13.2% |
| Amounts receivable within one year | 40/41 | €50,549 | €51,222 | +€673 | +1.3% |
| Trade receivables | 40 | €50,531 | €51,213 | +€682 | +1.3% |
| Other amounts receivable | 41 | €18 | €9 | -€9 | -50.0% |
| Cash at bank and in hand | 54/58 | €496,124 | €569,166 | +€73,042 | +14.7% |
| Deferred charges and accrued income | 490/1 | €4,855 | €3,748 | -€1,107 | -22.8% |
| Total equity and liabilities | 10/49 | €694,260 | €756,058 | +€61,798 | +8.9% |
| Equity | 10/15 | €674,121 | €718,133 | +€44,012 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,440 | €20,440 | = | 0.0% |
| Distributable reserves | 133 | €20,440 | €20,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | €635,081 | €679,093 | +€44,012 | +6.9% |
| Amounts payable | 17/49 | €20,139 | €37,925 | +€17,786 | +88.3% |
| Amounts payable within one year | 42/48 | €10,416 | €27,344 | +€16,928 | +163% |
| Trade debts | 44 | €1,302 | €1,954 | +€652 | +50.0% |
| Suppliers | 440/4 | €1,302 | €1,954 | +€652 | +50.0% |
| Taxes, remuneration and social security | 45 | €9,017 | €23,983 | +€14,966 | +166% |
| Taxes | 450/3 | €9,017 | €19,710 | +€10,693 | +119% |
| Remuneration and social security | 454/9 | - | €4,273 | +€4,273 | |
| Other amounts payable | 47/48 | €97 | €1,407 | +€1,310 | +1,352% |
| Accrued charges and deferred income | 492/3 | €9,723 | €10,581 | +€858 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,566 | €10,811 | -€1,755 | -14.0% |
| Other operating charges | 640/8 | €2,068 | €1,468 | -€600 | -29.0% |
| Gross operating margin | 9900 | €196,581 | €193,548 | -€3,033 | -1.5% |
| Operating profit (loss) | 9901 | €181,947 | €181,269 | -€678 | -0.4% |
| Financial income | 75/76B | €1,942 | €2,762 | +€821 | +42.3% |
| Recurring financial income | 75 | €1,942 | €2,762 | +€821 | +42.3% |
| Financial charges | 65/66B | €6,124 | €5,194 | -€929 | -15.2% |
| Recurring financial charges | 65 | €6,124 | €5,194 | -€929 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €177,765 | €178,837 | +€1,072 | +0.6% |
| Income taxes | 67/77 | €54,154 | €54,525 | +€371 | +0.7% |
| Profit (loss) for the period | 9904 | €123,611 | €124,312 | +€701 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €123,611 | €124,312 | +€701 | +0.6% |
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 17 October 2026 via checked.be.