CAT'S EVENTS: 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'S EVENTS
Largest movements
- Cash -€172,245
down €172,245 (-55.7%), from €308,973 to €136,728
mainly Net result for the year (-€105,679) and Investment in fixed assets (net) (-€98,788)
- Tangible fixed assets +€74,758
up €74,758 (+29.7%), from €251,643 to €326,400
of which Land and buildings: +€77,697
- Receivables within one year -€34,047
down €34,047 (-13.2%), from €258,340 to €224,292
of which Trade receivables: -€68,682
- Profit (loss) carried forward -€105,679
down €105,679 (-42.0%), from €251,906 to €146,227
- Debts after one year +€72,592
up €72,592 (+34.0%), from €213,639 to €286,231
- Other debts -€70,783
down €70,783 (-81.3%), from €87,082 to €16,299
- Tax, wage and social debts -€33,587
down €33,587 (-33.2%), from €101,174 to €67,587
of which Taxes: -€37,541
- Current portion of long-term debt +€17,670
up €17,670 (+82.2%), from €21,502 to €39,172
- Gross operating margin -€152,976
down €152,976 (-36.2%), from €422,127 to €269,151
- Staff costs +€22,674
up €22,674 (+7.7%), from €295,673 to €318,347
- Taxes -€16,602
down €16,602 (-97.9%), from €16,965 to €363
- Depreciation +€7,216
up €7,216 (+33.2%), from €21,715 to €28,931
- Financial charges +€6,267
up €6,267 (+30.4%), from €20,583 to €26,850
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 | €878,047 | €741,819 | -€136,228 | -15.5% |
| Fixed assets | 21/28 | €301,458 | €371,316 | +€69,858 | +23.2% |
| Intangible fixed assets | 21 | €45,466 | €40,566 | -€4,900 | -10.8% |
| Tangible fixed assets | 22/27 | €251,643 | €326,400 | +€74,758 | +29.7% |
| Land and buildings | 22 | €222,592 | €300,290 | +€77,697 | +34.9% |
| Plant, machinery and equipment | 23 | €4,408 | €3,393 | -€1,014 | -23.0% |
| Furniture and vehicles | 24 | €24,642 | €22,717 | -€1,925 | -7.8% |
| Financial fixed assets | 28 | €4,350 | €4,350 | = | 0.0% |
| Current assets | 29/58 | €576,589 | €370,504 | -€206,086 | -35.7% |
| Stocks and contracts in progress | 3 | €7,499 | €7,499 | = | 0.0% |
| Stocks | 30/36 | €7,499 | €7,499 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €258,340 | €224,292 | -€34,047 | -13.2% |
| Trade receivables | 40 | €255,305 | €186,623 | -€68,682 | -26.9% |
| Other amounts receivable | 41 | €3,035 | €37,670 | +€34,635 | +1,141% |
| Cash at bank and in hand | 54/58 | €308,973 | €136,728 | -€172,245 | -55.7% |
| Deferred charges and accrued income | 490/1 | €1,778 | €1,984 | +€207 | +11.6% |
| Total equity and liabilities | 10/49 | €878,047 | €741,819 | -€136,228 | -15.5% |
| Equity | 10/15 | €272,366 | €166,687 | -€105,679 | -38.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €251,906 | €146,227 | -€105,679 | -42.0% |
| Amounts payable | 17/49 | €605,681 | €575,132 | -€30,549 | -5.0% |
| Amounts payable after more than one year | 17 | €213,639 | €286,231 | +€72,592 | +34.0% |
| Financial debts | 170/4 | €213,639 | €286,231 | +€72,592 | +34.0% |
| Amounts payable within one year | 42/48 | €381,165 | €288,901 | -€92,264 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €21,502 | €39,172 | +€17,670 | +82.2% |
| Financial debts | 43 | €43 | €28 | -€15 | -35.1% |
| Credit institutions | 430/8 | €43 | €28 | -€15 | -35.1% |
| Trade debts | 44 | €162,398 | €158,877 | -€3,522 | -2.2% |
| Suppliers | 440/4 | €162,398 | €158,877 | -€3,522 | -2.2% |
| Advances received on contracts in progress | 46 | €8,967 | €6,939 | -€2,027 | -22.6% |
| Taxes, remuneration and social security | 45 | €101,174 | €67,587 | -€33,587 | -33.2% |
| Taxes | 450/3 | €62,618 | €25,077 | -€37,541 | -60.0% |
| Remuneration and social security | 454/9 | €38,556 | €42,510 | +€3,954 | +10.3% |
| Other amounts payable | 47/48 | €87,082 | €16,299 | -€70,783 | -81.3% |
| Accrued charges and deferred income | 492/3 | €10,877 | - | -€10,877 | |
| Non-recurring operating income | 76A | - | €507 | +€507 | |
| Remuneration, social security and pensions | 62 | €295,673 | €318,347 | +€22,674 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,715 | €28,931 | +€7,216 | +33.2% |
| Other operating charges | 640/8 | €3,543 | €2,662 | -€881 | -24.9% |
| Gross operating margin | 9900 | €422,127 | €269,151 | -€152,976 | -36.2% |
| Operating profit (loss) | 9901 | €101,196 | -€80,789 | -€181,985 | |
| Financial income | 75/76B | €1,174 | €2,323 | +€1,149 | +97.9% |
| Recurring financial income | 75 | €1,174 | €2,323 | +€1,149 | +97.9% |
| Financial charges | 65/66B | €20,583 | €26,850 | +€6,267 | +30.4% |
| Recurring financial charges | 65 | €20,583 | €26,850 | +€6,267 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €81,787 | -€105,316 | -€187,102 | |
| Income taxes | 67/77 | €16,965 | €363 | -€16,602 | -97.9% |
| Profit (loss) for the period | 9904 | €64,822 | -€105,679 | -€170,501 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,822 | -€105,679 | -€170,501 |
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 23 October 2026 via checked.be.