CAT2LION: 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.
CAT2LION
Largest movements
- Receivables within one year -€50,368
down €50,368 (-46.7%), from €107,865 to €57,497
of which Trade receivables: -€34,415
- Tangible fixed assets -€19,567
down €19,567 (-9.8%), from €200,613 to €181,046
of which Land and buildings: -€16,123
- Intangible fixed assets +€16,519
up €16,519, from €0 to €16,519
- Cash -€9,785
down €9,785 (-70.0%), from €13,970 to €4,185
mainly Net result for the year (-€85,765) and Investment in fixed assets (net) (-€19,985)
- Profit (loss) carried forward -€85,765
down €85,765, from €51,153 to -€34,612
- Tax, wage and social debts +€20,567
up €20,567 (+54.4%), from €37,785 to €58,351
of which Remuneration and social security: +€18,177
- Trade debts +€4,709
up €4,709 (+49.9%), from €9,442 to €14,152
- Short-term financial debts +€4,020
up €4,020 (+253.9%), from €1,583 to €5,603
- Accrued charges and deferred income -€3,617
down €3,617 (-100.0%), from €3,617 to €0
- Gross operating margin -€89,899
down €89,899 (-48.9%), from €183,782 to €93,883
- Staff costs -€8,547
down €8,547 (-5.4%), from €157,354 to €148,807
- Taxes -€2,439
down €2,439 (-87.8%), from €2,779 to €339
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 | €323,717 | €262,261 | -€61,456 | -19.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €200,793 | €197,745 | -€3,048 | -1.5% |
| Intangible fixed assets | 21 | €0 | €16,519 | +€16,519 | |
| Tangible fixed assets | 22/27 | €200,613 | €181,046 | -€19,567 | -9.8% |
| Land and buildings | 22 | €189,648 | €173,525 | -€16,123 | -8.5% |
| Plant, machinery and equipment | 23 | €1,523 | €734 | -€789 | -51.8% |
| Furniture and vehicles | 24 | €9,442 | €6,787 | -€2,655 | -28.1% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €122,924 | €64,517 | -€58,408 | -47.5% |
| Amounts receivable within one year | 40/41 | €107,865 | €57,497 | -€50,368 | -46.7% |
| Trade receivables | 40 | €81,030 | €46,616 | -€34,415 | -42.5% |
| Other amounts receivable | 41 | €26,835 | €10,882 | -€15,953 | -59.4% |
| Cash at bank and in hand | 54/58 | €13,970 | €4,185 | -€9,785 | -70.0% |
| Deferred charges and accrued income | 490/1 | €1,089 | €2,834 | +€1,745 | +160.2% |
| Total equity and liabilities | 10/49 | €323,717 | €262,261 | -€61,456 | -19.0% |
| Equity | 10/15 | €71,613 | -€14,152 | -€85,765 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,153 | -€34,612 | -€85,765 | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €252,104 | €276,413 | +€24,309 | +9.6% |
| Amounts payable after more than one year | 17 | €186,171 | €184,208 | -€1,963 | -1.1% |
| Financial debts | 170/4 | €186,171 | €184,208 | -€1,963 | -1.1% |
| Amounts payable within one year | 42/48 | €62,316 | €92,205 | +€29,889 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | €13,506 | €13,760 | +€254 | +1.9% |
| Financial debts | 43 | €1,583 | €5,603 | +€4,020 | +253.9% |
| Credit institutions | 430/8 | €1,583 | €5,603 | +€4,020 | +253.9% |
| Trade debts | 44 | €9,442 | €14,152 | +€4,709 | +49.9% |
| Suppliers | 440/4 | €9,442 | €14,152 | +€4,709 | +49.9% |
| Taxes, remuneration and social security | 45 | €37,785 | €58,351 | +€20,567 | +54.4% |
| Taxes | 450/3 | €19,011 | €21,400 | +€2,389 | +12.6% |
| Remuneration and social security | 454/9 | €18,774 | €36,951 | +€18,177 | +96.8% |
| Other amounts payable | 47/48 | €0 | €339 | +€339 | |
| Accrued charges and deferred income | 492/3 | €3,617 | €0 | -€3,617 | -100.0% |
| Remuneration, social security and pensions | 62 | €157,354 | €148,807 | -€8,547 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,203 | €23,033 | -€1,170 | -4.8% |
| Other operating charges | 640/8 | €2,289 | €2,338 | +€49 | +2.1% |
| Gross operating margin | 9900 | €183,782 | €93,883 | -€89,899 | -48.9% |
| Operating profit (loss) | 9901 | -€65 | -€80,295 | -€80,230 | -123202.9% |
| Financial income | 75/76B | €10 | €0 | -€10 | -96.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -96.9% |
| Financial charges | 65/66B | €5,333 | €5,131 | -€202 | -3.8% |
| Recurring financial charges | 65 | €5,333 | €5,131 | -€202 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,388 | -€85,425 | -€80,037 | -1485.5% |
| Income taxes | 67/77 | €2,779 | €339 | -€2,439 | -87.8% |
| Profit (loss) for the period | 9904 | -€8,167 | -€85,765 | -€77,598 | -950.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,167 | -€85,765 | -€77,598 | -950.2% |
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 12 October 2026 via checked.be.