CAT CAMS: 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.
CAT CAMS
Largest movements
- Stocks and contracts +€155,178
up €155,178 (+12.2%), from €1.3m to €1.4m
of which Stocks: +€131,433
- Tangible fixed assets -€131,855
down €131,855 (-10.4%), from €1.3m to €1.1m
of which Land and buildings: -€137,372
- Receivables within one year +€85,129
up €85,129 (+98.5%), from €86,466 to €171,595
of which Trade receivables: +€66,013
- Reserves -€426,787
down €426,787 (-64.8%), from €658,705 to €231,918
of which Distributable reserves: -€404,849
- Trade debts +€276,448
up €276,448 (+47.9%), from €577,069 to €853,517
- Other debts +€204,523
up €204,523 (+394%), from €51,879 to €256,403
- Short-term financial debts +€100,000
up €100,000 (+50.0%), from €200,000 to €300,000
- Debts after one year -€56,775
down €56,775 (-6.8%), from €837,111 to €780,336
- Gross operating margin -€120,296
down €120,296 (-18.1%), from €664,101 to €543,805
- Staff costs +€66,152
up €66,152 (+15.7%), from €422,168 to €488,320
- Depreciation +€52,348
up €52,348 (+38.7%), from €135,436 to €187,783
- Taxes -€7,624
down €7,624 (-96.7%), from €7,888 to €264
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 | €2,699,341 | €2,797,411 | +€98,070 | +3.6% |
| Fixed assets | 21/28 | €1,264,098 | €1,132,243 | -€131,855 | -10.4% |
| Tangible fixed assets | 22/27 | €1,262,898 | €1,131,043 | -€131,855 | -10.4% |
| Land and buildings | 22 | €819,806 | €682,434 | -€137,372 | -16.8% |
| Plant, machinery and equipment | 23 | €213,000 | €268,372 | +€55,372 | +26.0% |
| Furniture and vehicles | 24 | €15,208 | €10,893 | -€4,315 | -28.4% |
| Leasing and similar rights | 25 | €214,884 | €169,344 | -€45,540 | -21.2% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €1,435,243 | €1,665,168 | +€229,925 | +16.0% |
| Stocks and contracts in progress | 3 | €1,272,980 | €1,428,158 | +€155,178 | +12.2% |
| Stocks | 30/36 | €1,023,723 | €1,155,156 | +€131,433 | +12.8% |
| Contracts in progress | 37 | €249,258 | €273,002 | +€23,744 | +9.5% |
| Amounts receivable within one year | 40/41 | €86,466 | €171,595 | +€85,129 | +98.5% |
| Trade receivables | 40 | - | €66,013 | +€66,013 | |
| Other amounts receivable | 41 | €86,466 | €105,583 | +€19,117 | +22.1% |
| Cash at bank and in hand | 54/58 | €75,246 | €65,039 | -€10,206 | -13.6% |
| Deferred charges and accrued income | 490/1 | €551 | €376 | -€175 | -31.8% |
| Total equity and liabilities | 10/49 | €2,699,341 | €2,797,411 | +€98,070 | +3.6% |
| Equity | 10/15 | €878,091 | €428,901 | -€449,190 | -51.2% |
| Contributions | 10/11 | €219,386 | €196,983 | -€22,403 | -10.2% |
| Capital | 10 | €219,386 | - | -€219,386 | |
| Issued capital | 100 | €219,386 | - | -€219,386 | |
| Reserves | 13 | €658,705 | €231,918 | -€426,787 | -64.8% |
| Non-distributable reserves | 130/1 | €21,939 | - | -€21,939 | |
| Legal reserve | 130 | €21,939 | - | -€21,939 | |
| Distributable reserves | 133 | €636,767 | €231,918 | -€404,849 | -63.6% |
| Amounts payable | 17/49 | €1,821,250 | €2,368,510 | +€547,260 | +30.0% |
| Amounts payable after more than one year | 17 | €837,111 | €780,336 | -€56,775 | -6.8% |
| Financial debts | 170/4 | €837,111 | €780,336 | -€56,775 | -6.8% |
| Amounts payable within one year | 42/48 | €981,103 | €1,584,058 | +€602,955 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €99,834 | €124,324 | +€24,491 | +24.5% |
| Financial debts | 43 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Credit institutions | 430/8 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Trade debts | 44 | €577,069 | €853,517 | +€276,448 | +47.9% |
| Suppliers | 440/4 | €577,069 | €853,517 | +€276,448 | +47.9% |
| Taxes, remuneration and social security | 45 | €52,322 | €49,814 | -€2,508 | -4.8% |
| Remuneration and social security | 454/9 | €52,322 | €49,814 | -€2,508 | -4.8% |
| Other amounts payable | 47/48 | €51,879 | €256,403 | +€204,523 | +394% |
| Accrued charges and deferred income | 492/3 | €3,035 | €4,116 | +€1,081 | +35.6% |
| Remuneration, social security and pensions | 62 | €422,168 | €488,320 | +€66,152 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,436 | €187,783 | +€52,348 | +38.7% |
| Other operating charges | 640/8 | €9,183 | €12,780 | +€3,597 | +39.2% |
| Gross operating margin | 9900 | €664,101 | €543,805 | -€120,296 | -18.1% |
| Operating profit (loss) | 9901 | €97,315 | -€145,079 | -€242,393 | |
| Financial income | 75/76B | €7,952 | €6,305 | -€1,647 | -20.7% |
| Recurring financial income | 75 | €7,952 | €6,305 | -€1,647 | -20.7% |
| Financial charges | 65/66B | €69,117 | €69,769 | +€651 | +0.9% |
| Recurring financial charges | 65 | €69,117 | €69,769 | +€651 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €36,149 | -€208,542 | -€244,691 | |
| Income taxes | 67/77 | €7,888 | €264 | -€7,624 | -96.7% |
| Profit (loss) for the period | 9904 | €28,261 | -€208,806 | -€237,068 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,261 | -€208,806 | -€237,068 |
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 19 October 2026 via checked.be.