C.A.T.E.: what changed
Two fiscal 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.E.
Largest movements
- Tangible fixed assets -€56,919
down €56,919 (-4.9%), from €1.2m to €1.1m
of which Land and buildings: -€55,216
- Current portion of long-term debt +€201,735
up €201,735 (+69.5%), from €290,342 to €492,076
- Profit (loss) carried forward -€107,733
down €107,733 (-17.6%), from -€612,344 to -€720,076
- Debts after one year -€105,076
down €105,076 (-22.9%), from €459,211 to €354,135
- Other debts -€39,252
down €39,252 (-4.1%), from €967,002 to €927,750
- Gross operating margin -€38,168
down €38,168, from €5,474 to -€32,695
- Other operating charges -€2,206
down €2,206 (-26.8%), from €8,242 to €6,036
- Financial charges -€1,468
down €1,468 (-12.9%), from €11,418 to €9,950
- Depreciation +€1,278
up €1,278 (+2.2%), from €57,039 to €58,317
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 | €1,404,060 | €1,360,318 | -€43,742 | -3.1% |
| Fixed assets | 21/28 | €1,174,381 | €1,117,463 | -€56,919 | -4.8% |
| Tangible fixed assets | 22/27 | €1,171,436 | €1,114,518 | -€56,919 | -4.9% |
| Land and buildings | 22 | €1,164,824 | €1,109,608 | -€55,216 | -4.7% |
| Furniture and vehicles | 24 | €4,163 | €2,460 | -€1,702 | -40.9% |
| Leasing and similar rights | 25 | €2,450 | €2,450 | = | 0.0% |
| Financial fixed assets | 28 | €2,945 | €2,945 | = | 0.0% |
| Current assets | 29/58 | €229,679 | €242,856 | +€13,177 | +5.7% |
| Amounts receivable within one year | 40/41 | €220,002 | €220,528 | +€527 | +0.2% |
| Trade receivables | 40 | €852 | €1,150 | +€298 | +35.0% |
| Other amounts receivable | 41 | €219,150 | €219,378 | +€229 | +0.1% |
| Cash at bank and in hand | 54/58 | €9,464 | €16,780 | +€7,316 | +77.3% |
| Deferred charges and accrued income | 490/1 | €214 | €5,548 | +€5,334 | +2498.4% |
| Total equity and liabilities | 10/49 | €1,404,060 | €1,360,318 | -€43,742 | -3.1% |
| Equity | 10/15 | -€328,814 | -€436,547 | -€107,733 | -32.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €253,529 | €253,529 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €250,529 | €250,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€612,344 | -€720,076 | -€107,733 | -17.6% |
| Amounts payable | 17/49 | €1,732,875 | €1,796,865 | +€63,991 | +3.7% |
| Amounts payable after more than one year | 17 | €459,211 | €354,135 | -€105,076 | -22.9% |
| Financial debts | 170/4 | €459,211 | €354,135 | -€105,076 | -22.9% |
| Amounts payable within one year | 42/48 | €1,263,880 | €1,433,295 | +€169,416 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €290,342 | €492,076 | +€201,735 | +69.5% |
| Financial debts | 43 | €193 | €0 | -€193 | -100.0% |
| Credit institutions | 430/8 | €193 | €0 | -€193 | -100.0% |
| Trade debts | 44 | €4,875 | €12,013 | +€7,139 | +146.4% |
| Suppliers | 440/4 | €4,875 | €12,013 | +€7,139 | +146.4% |
| Taxes, remuneration and social security | 45 | €1,468 | €1,455 | -€13 | -0.9% |
| Taxes | 450/3 | €1,468 | €1,455 | -€13 | -0.9% |
| Other amounts payable | 47/48 | €967,002 | €927,750 | -€39,252 | -4.1% |
| Accrued charges and deferred income | 492/3 | €9,784 | €9,435 | -€349 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,039 | €58,317 | +€1,278 | +2.2% |
| Other operating charges | 640/8 | €8,242 | €6,036 | -€2,206 | -26.8% |
| Gross operating margin | 9900 | €5,474 | -€32,695 | -€38,168 | |
| Operating profit (loss) | 9901 | -€59,808 | -€97,047 | -€37,240 | -62.3% |
| Financial income | 75/76B | €45 | €12 | -€34 | -74.0% |
| Recurring financial income | 75 | €45 | €12 | -€34 | -74.0% |
| Financial charges | 65/66B | €11,418 | €9,950 | -€1,468 | -12.9% |
| Recurring financial charges | 65 | €11,418 | €9,950 | -€1,468 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€71,181 | -€106,986 | -€35,805 | -50.3% |
| Income taxes | 67/77 | €715 | €747 | +€32 | +4.4% |
| Profit (loss) for the period | 9904 | -€71,896 | -€107,733 | -€35,837 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,896 | -€107,733 | -€35,837 | -49.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.