CATALANO FRERES: what changed
What changed
CATALANO FRERES
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€208,909
2024 · -€8,594+€217,503
Equity
€615,751
2024 · €406,842+€208,909
Cash
€90,989
2024 · €2,547+€88,441
Balance sheet total
€3.6m
2024 · €3.0m+€655,902
Largest movements
Assets
- Tangible fixed assets +€305,046
up €305,046 (+12.7%), from €2.4m to €2.7m
of which Land and buildings: +€234,678
- Financial fixed assets +€225,000
up €225,000 (+46.8%), from €480,800 to €705,800
- Cash +€88,441
up €88,441 (+3,472%), from €2,547 to €90,989
mainly Other debts (+€236,459) and Net result for the year (+€208,909)
- Receivables within one year +€40,043
up €40,043 (+56.8%), from €70,483 to €110,526
of which Trade receivables: +€35,733
Equity and liabilities
- Reserves +€292,268
up €292,268 (+226%), from €129,202 to €421,469
- Other debts +€236,459
up €236,459 (+50.7%), from €466,192 to €702,650
- Short-term financial debts +€191,586
up €191,586 (+2,277%), from €8,414 to €200,000
- Advances received -€136,284
down €136,284 (-55.2%), from €246,945 to €110,661
- Provisions +€97,423
up €97,423 (+226%), from €43,067 to €140,490
Income statement
- Gross operating margin +€492,216
up €492,216 (+209%), from €235,259 to €727,475
- Turnover -€477,600
no longer reported in 2025 (was €477,600)
- Purchases and services -€289,770
no longer reported in 2025 (was €289,770)
- Other operating charges +€86,439
up €86,439 (+352%), from €24,572 to €111,012
- Financial charges +€48,936
up €48,936 (+64.1%), from €76,295 to €125,232
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€8,594
Gross operating margin
+€492,216
Staff costs
-€24,821
Depreciation
-€22,982
Write-downs
-€625
Other operating charges
-€86,439
Financial income
+€565
Financial charges
-€48,936
Taxes
+€7,169
Deferred taxes and other
-€98,645
Result 2025
€208,909
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€541,535
Investment
-€664,718
Financing
+€211,624
Cash 2024
€2,547
From operations (derived)
+€541,535
Net result for the year
+€208,909
Depreciation
+€134,672
Receivables within one year
-€40,043
Deferred charges and accrued income
+€2,629
Provisions
+€97,423
Trade debts
+€64,531
Tax, wage and social debts
-€27,376
Advances received
-€136,284
Other debts
+€236,459
Accrued charges and deferred income
+€617
Investment (derived)
-€664,718
Investment in fixed assets (net)
-€664,718
Financing
+€211,624
Debts after one year
-€68,183
Current portion of long-term debt
+€88,221
Short-term financial debts
+€191,586
Cash 2025
€90,989
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,970,492 | €3,626,394 | +€655,902 | +22.1% |
| Fixed assets | 21/28 | €2,892,166 | €3,422,212 | +€530,046 | +18.3% |
| Tangible fixed assets | 22/27 | €2,411,366 | €2,716,412 | +€305,046 | +12.7% |
| Land and buildings | 22 | €2,237,147 | €2,471,825 | +€234,678 | +10.5% |
| Plant, machinery and equipment | 23 | €159,820 | €239,563 | +€79,743 | +49.9% |
| Furniture and vehicles | 24 | €14,400 | €5,025 | -€9,375 | -65.1% |
| Financial fixed assets | 28 | €480,800 | €705,800 | +€225,000 | +46.8% |
| Current assets | 29/58 | €78,326 | €204,182 | +€125,856 | +161% |
| Amounts receivable within one year | 40/41 | €70,483 | €110,526 | +€40,043 | +56.8% |
| Trade receivables | 40 | €46,929 | €82,662 | +€35,733 | +76.1% |
| Other amounts receivable | 41 | €23,553 | €27,864 | +€4,310 | +18.3% |
| Cash at bank and in hand | 54/58 | €2,547 | €90,989 | +€88,441 | +3,472% |
| Deferred charges and accrued income | 490/1 | €5,296 | €2,667 | -€2,629 | -49.6% |
| Total equity and liabilities | 10/49 | €2,970,492 | €3,626,394 | +€655,902 | +22.1% |
| Equity | 10/15 | €406,842 | €615,751 | +€208,909 | +51.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €284,843 | €284,843 | = | 0.0% |
| Reserves | 13 | €129,202 | €421,469 | +€292,268 | +226% |
| Tax-exempt reserves | 132 | €129,202 | €421,469 | +€292,268 | +226% |
| Profit (loss) carried forward | 14 | -€25,795 | -€109,154 | -€83,359 | -323% |
| Provisions and deferred taxes | 16 | €43,067 | €140,490 | +€97,423 | +226% |
| Deferred taxes | 168 | €43,067 | €140,490 | +€97,423 | +226% |
| Amounts payable | 17/49 | €2,520,583 | €2,870,153 | +€349,571 | +13.9% |
| Amounts payable after more than one year | 17 | €1,538,427 | €1,470,244 | -€68,183 | -4.4% |
| Financial debts | 170/4 | €1,538,427 | €1,470,244 | -€68,183 | -4.4% |
| Amounts payable within one year | 42/48 | €980,670 | €1,397,806 | +€417,136 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €134,328 | €222,549 | +€88,221 | +65.7% |
| Financial debts | 43 | €8,414 | €200,000 | +€191,586 | +2,277% |
| Credit institutions | 430/8 | €8,414 | €200,000 | +€191,586 | +2,277% |
| Trade debts | 44 | €86,806 | €151,337 | +€64,531 | +74.3% |
| Suppliers | 440/4 | €86,806 | €151,337 | +€64,531 | +74.3% |
| Advances received on contracts in progress | 46 | €246,945 | €110,661 | -€136,284 | -55.2% |
| Taxes, remuneration and social security | 45 | €37,984 | €10,608 | -€27,376 | -72.1% |
| Taxes | 450/3 | €37,984 | €10,608 | -€27,376 | -72.1% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €466,192 | €702,650 | +€236,459 | +50.7% |
| Accrued charges and deferred income | 492/3 | €1,486 | €2,103 | +€617 | +41.5% |
| Turnover | 70 | €477,600 | - | -€477,600 | |
| Goods, raw materials, services and sundry goods | 60/61 | €289,770 | - | -€289,770 | |
| Remuneration, social security and pensions | 62 | - | €24,821 | +€24,821 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,690 | €134,672 | +€22,982 | +20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,000 | €25,625 | +€625 | +2.5% |
| Other operating charges | 640/8 | €24,572 | €111,012 | +€86,439 | +352% |
| Gross operating margin | 9900 | €235,259 | €727,475 | +€492,216 | +209% |
| Operating profit (loss) | 9901 | €73,997 | €431,346 | +€357,350 | +483% |
| Financial income | 75/76B | €230 | €795 | +€565 | +245% |
| Recurring financial income | 75 | €230 | €795 | +€565 | +245% |
| Financial charges | 65/66B | €76,295 | €125,232 | +€48,936 | +64.1% |
| Recurring financial charges | 65 | €76,295 | €125,232 | +€48,936 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,069 | €306,909 | +€308,978 | |
| Transfer from deferred taxes | 780 | €1,222 | €13,030 | +€11,808 | +966% |
| Transfer to deferred taxes | 680 | - | €110,453 | +€110,453 | |
| Income taxes | 67/77 | €7,747 | €578 | -€7,169 | -92.5% |
| Profit (loss) for the period | 9904 | -€8,594 | €208,909 | +€217,503 | |
| Transfer from tax-exempt reserves | 789 | €3,666 | €39,090 | +€35,424 | +966% |
| Transfer to tax-exempt reserves | 689 | - | €331,358 | +€331,358 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,928 | -€83,359 | -€78,431 | -1,591% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.