CAT BENELUX: 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.
What changed
CAT BENELUX
NACE 52.250, Logistics services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.4m+€146,747
Equity
€355,647
2024 · €403,929-€48,282
Cash
€140,454
2024 · €194,294-€53,840
Balance sheet total
€8.8m
2024 · €7.5m+€1.3m
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+19.3%), from €6.0m to €7.2m
of which Trade receivables: +€585,694
- Tangible fixed assets +€724,524
up €724,524 (+127%), from €569,510 to €1.3m
of which Leasing and similar rights: +€522,849
- Intangible fixed assets -€567,500
down €567,500 (-100%), from €567,500 to €0
Equity and liabilities
- Trade debts +€541,221
up €541,221 (+14.2%), from €3.8m to €4.4m
- Debts after one year +€456,120
up €456,120 (+1,725%), from €26,449 to €482,569
- Tax, wage and social debts +€185,957
up €185,957 (+19.6%), from €948,408 to €1.1m
of which Remuneration and social security: +€94,067
- Other debts +€145,083
up €145,083 (+10.7%), from €1.4m to €1.5m
- Provisions -€100,131
down €100,131 (-10.3%), from €968,149 to €868,018
of which Provisions for liabilities and charges: -€95,592
Income statement
- Turnover +€6.1m
up €6.1m (+30.5%), from €19.8m to €25.9m
- Goods and materials +€4.9m
up €4.9m (+58.5%), from €8.4m to €13.3m
of which Purchases: +€5.0m
- Provisions -€656,478
down €656,478, from €554,031 to -€102,447
- Other operating income -€617,146
down €617,146 (-51.9%), from €1.2m to €570,833
- Staff costs +€461,765
up €461,765 (+11.4%), from €4.0m to €4.5m
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.
Result 2024
€1.4m
Turnover
+€6.1m
Other operating income
-€617,146
Goods and materials
-€4.9m
Services and other goods
-€268,140
Staff costs
-€461,765
Depreciation
+€31,380
Provisions
+€656,478
Other operating charges
-€11,723
Other operating items
-€564,538
Financial income
-€52,001
Financial charges
-€10,467
Taxes
+€310,484
Result 2025
€1.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
-€453,131
Financing
-€1.0m
Cash 2024
€194,294
From operations (derived)
+€1.4m
Net result for the year
+€1.5m
Depreciation
+€296,082
Stocks and contracts
+€10,900
Receivables within one year
-€1.2m
Deferred charges and accrued income
-€4,889
Provisions
-€100,131
Trade debts
+€541,221
Tax, wage and social debts
+€185,957
Smaller working-capital items
-€754
Other debts
+€145,083
Investment (derived)
-€453,131
Investment in fixed assets (net)
-€453,131
Financing
-€1.0m
Debts after one year
+€456,120
Current portion of long-term debt
+€74,196
Contributions, distributions and other
-€1.5m
Cash 2025
€140,454
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,523,580 | €8,776,991 | +€1.3m | +16.7% |
| Fixed assets | 21/28 | €1,141,478 | €1,298,527 | +€157,049 | +13.8% |
| Intangible fixed assets | 21 | €567,500 | €0 | -€567,500 | -100% |
| Tangible fixed assets | 22/27 | €569,510 | €1,294,034 | +€724,524 | +127% |
| Land and buildings | 22 | €256,198 | €478,985 | +€222,787 | +87.0% |
| Plant, machinery and equipment | 23 | €258,800 | €261,661 | +€2,861 | +1.1% |
| Furniture and vehicles | 24 | €489 | €0 | -€489 | -100% |
| Leasing and similar rights | 25 | €30,540 | €553,389 | +€522,849 | +1,712% |
| Assets under construction and advance payments | 27 | €23,483 | €0 | -€23,483 | -100% |
| Financial fixed assets | 28 | €4,467 | €4,492 | +€25 | +0.6% |
| Other financial fixed assets | 284/8 | €4,467 | €4,492 | +€25 | +0.6% |
| Amounts receivable and cash guarantees | 285/8 | €4,467 | €4,492 | +€25 | +0.6% |
| Current assets | 29/58 | €6,382,103 | €7,478,464 | +€1.1m | +17.2% |
| Stocks and contracts in progress | 3 | €181,890 | €170,991 | -€10,900 | -6.0% |
| Stocks | 30/36 | €181,890 | €170,991 | -€10,900 | -6.0% |
| Goods purchased for resale | 34 | €181,890 | €170,991 | -€10,900 | -6.0% |
| Amounts receivable within one year | 40/41 | €5,999,442 | €7,155,654 | +€1.2m | +19.3% |
| Trade receivables | 40 | €2,693,790 | €3,279,484 | +€585,694 | +21.7% |
| Other amounts receivable | 41 | €3,305,652 | €3,876,170 | +€570,518 | +17.3% |
| Cash at bank and in hand | 54/58 | €194,294 | €140,454 | -€53,840 | -27.7% |
| Deferred charges and accrued income | 490/1 | €6,477 | €11,366 | +€4,889 | +75.5% |
| Total equity and liabilities | 10/49 | €7,523,580 | €8,776,991 | +€1.3m | +16.7% |
| Equity | 10/15 | €403,929 | €355,647 | -€48,282 | -12.0% |
| Contributions | 10/11 | €297,600 | €297,600 | = | 0.0% |
| Capital | 10 | €297,600 | €297,600 | = | 0.0% |
| Issued capital | 100 | €297,600 | €297,600 | = | 0.0% |
| Reserves | 13 | €65,705 | €29,760 | -€35,945 | -54.7% |
| Non-distributable reserves | 130/1 | €33,018 | €29,760 | -€3,258 | -9.9% |
| Legal reserve | 130 | €29,760 | €29,760 | = | 0.0% |
| Own shares acquired | 1312 | €3,258 | €0 | -€3,258 | -100% |
| Tax-exempt reserves | 132 | €32,687 | €0 | -€32,687 | -100% |
| Profit (loss) carried forward | 14 | €88 | €121 | +€33 | +36.9% |
| Investment grants | 15 | €40,536 | €28,166 | -€12,369 | -30.5% |
| Provisions and deferred taxes | 16 | €968,149 | €868,018 | -€100,131 | -10.3% |
| Provisions for liabilities and charges | 160/5 | €953,591 | €857,999 | -€95,592 | -10.0% |
| Environmental obligations | 163 | €230,767 | €230,767 | = | 0.0% |
| Other liabilities and charges | 164/5 | €722,824 | €627,231 | -€95,592 | -13.2% |
| Deferred taxes | 168 | €14,558 | €10,020 | -€4,538 | -31.2% |
| Amounts payable | 17/49 | €6,151,502 | €7,553,325 | +€1.4m | +22.8% |
| Amounts payable after more than one year | 17 | €26,449 | €482,569 | +€456,120 | +1,725% |
| Financial debts | 170/4 | €26,449 | €482,569 | +€456,120 | +1,725% |
| Leasing and similar obligations | 172 | €26,449 | €482,569 | +€456,120 | +1,725% |
| Amounts payable within one year | 42/48 | €6,123,951 | €7,069,629 | +€945,677 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €4,507 | €78,703 | +€74,196 | +1,646% |
| Trade debts | 44 | €3,814,811 | €4,356,032 | +€541,221 | +14.2% |
| Suppliers | 440/4 | €3,814,811 | €4,356,032 | +€541,221 | +14.2% |
| Advances received on contracts in progress | 46 | €780 | €0 | -€780 | -100% |
| Taxes, remuneration and social security | 45 | €948,408 | €1,134,365 | +€185,957 | +19.6% |
| Taxes | 450/3 | €258,255 | €350,145 | +€91,891 | +35.6% |
| Remuneration and social security | 454/9 | €690,153 | €784,220 | +€94,067 | +13.6% |
| Other amounts payable | 47/48 | €1,355,445 | €1,500,528 | +€145,083 | +10.7% |
| Accrued charges and deferred income | 492/3 | €1,102 | €1,128 | +€26 | +2.4% |
| Operating income | 70/76A | €21,030,667 | €26,469,142 | +€5.4m | +25.9% |
| Turnover | 70 | €19,839,750 | €25,892,409 | +€6.1m | +30.5% |
| Other operating income | 74 | €1,187,979 | €570,833 | -€617,146 | -51.9% |
| Non-recurring operating income | 76A | €2,938 | €5,900 | +€2,962 | +101% |
| Operating charges | 60/66A | €18,945,536 | €24,485,279 | +€5.5m | +29.2% |
| Goods for resale, raw materials and consumables | 60 | €8,409,927 | €13,328,401 | +€4.9m | +58.5% |
| Purchases | 600/8 | €8,365,338 | €13,317,501 | +€5.0m | +59.2% |
| Change in stocks: decrease (increase) | 609 | €44,588 | €10,900 | -€33,689 | -75.6% |
| Services and other goods | 61 | €5,608,349 | €5,876,489 | +€268,140 | +4.8% |
| Remuneration, social security and pensions | 62 | €4,034,969 | €4,496,735 | +€461,765 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327,462 | €296,082 | -€31,380 | -9.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €554,031 | -€102,447 | -€656,478 | |
| Other operating charges | 640/8 | €10,798 | €22,520 | +€11,723 | +109% |
| Non-recurring operating charges | 66A | - | €567,500 | +€567,500 | |
| Operating profit (loss) | 9901 | €2,085,132 | €1,983,863 | -€101,269 | -4.9% |
| Financial income | 75/76B | €130,218 | €78,216 | -€52,001 | -39.9% |
| Recurring financial income | 75 | €130,218 | €78,216 | -€52,001 | -39.9% |
| Income from current assets | 751 | €77,352 | €52,643 | -€24,709 | -31.9% |
| Other financial income | 752/9 | €52,866 | €25,574 | -€27,292 | -51.6% |
| Financial charges | 65/66B | €14,469 | €24,936 | +€10,467 | +72.3% |
| Recurring financial charges | 65 | €14,469 | €24,936 | +€10,467 | +72.3% |
| Debt charges | 650 | €1,483 | €21,775 | +€20,292 | +1,368% |
| Other financial charges | 652/9 | €12,986 | €3,161 | -€9,824 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | €2,200,880 | €2,037,143 | -€163,737 | -7.4% |
| Transfer from deferred taxes | 780 | €4,538 | €4,538 | = | 0.0% |
| Income taxes | 67/77 | €852,133 | €541,649 | -€310,484 | -36.4% |
| Taxes | 670/3 | €852,133 | €600,000 | -€252,133 | -29.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €58,351 | +€58,351 | |
| Profit (loss) for the period | 9904 | €1,353,286 | €1,500,033 | +€146,747 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,353,286 | €1,500,033 | +€146,747 | +10.8% |
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 27 October 2026 via checked.be.