CATALAY: 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
CATALAY
NACE 78.100, Employment placement agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€590,794
2024 · €742,727-€151,933
Equity
€2.4m
2024 · €1.0m+€1.4m
Cash
€457,965
2024 · €288,194+€169,771
Balance sheet total
€12.8m
2024 · €13.3m-€501,330
Largest movements
Assets
- Receivables within one year -€2.1m
down €2.1m (-32.9%), from €6.4m to €4.3m
of which Trade receivables: -€1.2m
- Financial fixed assets +€1.5m
up €1.5m (+22.8%), from €6.5m to €7.9m
- Cash +€169,771
up €169,771 (+58.9%), from €288,194 to €457,965
mainly Receivables within one year (+€2.1m) and Other debts (+€1.6m)
Equity and liabilities
- Debts after one year -€3.4m
down €3.4m (-53.1%), from €6.4m to €3.0m
- Other debts +€1.6m
up €1.6m (+68.6%), from €2.3m to €3.9m
- Reserves +€1.0m
up €1.0m (+105%), from €980,507 to €2.0m
- Contributions +€374,750
up €374,750 (+1,511%), from €24,800 to €399,550
- Current portion of long-term debt +€200,000
up €200,000 (+16.3%), from €1.2m to €1.4m
Income statement
- Turnover -€1.3m
down €1.3m (-6.5%), from €19.5m to €18.3m
- Goods and materials -€679,343
down €679,343 (-10.1%), from €6.7m to €6.0m
- Services and other goods -€540,606
down €540,606 (-14.8%), from €3.7m to €3.1m
- Other operating charges -€265,947
down €265,947 (-61.2%), from €434,632 to €168,685
- Other operating income -€207,028
down €207,028 (-23.2%), from €891,975 to €684,948
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
€742,727
Turnover
-€1.3m
Other operating income
-€207,028
Goods and materials
+€679,343
Services and other goods
+€540,606
Staff costs
+€51,917
Depreciation
-€13,051
Write-downs
-€83,481
Other operating charges
+€265,947
Other operating items
-€6,870
Financial income
-€48,183
Financial charges
-€155,331
Taxes
+€104,145
Result 2025
€590,794
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
+€4.1m
Investment
-€1.5m
Financing
-€2.4m
Cash 2024
€288,194
From operations (derived)
+€4.1m
Net result for the year
+€590,794
Depreciation
+€29,474
Receivables within one year
+€2.1m
Deferred charges and accrued income
+€27,486
Trade debts
-€193,849
Tax, wage and social debts
-€45,117
Other debts
+€1.6m
Accrued charges and deferred income
-€14,506
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
-€2.4m
Debts after one year
-€3.4m
Current portion of long-term debt
+€200,000
Contributions, distributions and other
+€811,447
Cash 2025
€457,965
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,309,314 | €12,807,984 | -€501,330 | -3.8% |
| Formation expenses | 20 | €19,960 | €12,912 | -€7,048 | -35.3% |
| Fixed assets | 21/28 | €6,516,129 | €7,977,655 | +€1.5m | +22.4% |
| Intangible fixed assets | 21 | €36,485 | €22,740 | -€13,745 | -37.7% |
| Tangible fixed assets | 22/27 | €14,394 | €14,865 | +€471 | +3.3% |
| Plant, machinery and equipment | 23 | €13,251 | €10,121 | -€3,130 | -23.6% |
| Furniture and vehicles | 24 | €1,143 | €224 | -€918 | -80.4% |
| Assets under construction and advance payments | 27 | - | €4,519 | +€4,519 | |
| Financial fixed assets | 28 | €6,465,250 | €7,940,050 | +€1.5m | +22.8% |
| Affiliated companies | 280/1 | €6,465,250 | €7,940,050 | +€1.5m | +22.8% |
| Participating interests | 280 | €6,465,250 | €7,940,050 | +€1.5m | +22.8% |
| Current assets | 29/58 | €6,773,225 | €4,817,417 | -€2.0m | -28.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €6,386,547 | €4,288,455 | -€2.1m | -32.9% |
| Trade receivables | 40 | €5,190,674 | €4,027,530 | -€1.2m | -22.4% |
| Other amounts receivable | 41 | €1,195,873 | €260,925 | -€934,949 | -78.2% |
| Cash at bank and in hand | 54/58 | €288,194 | €457,965 | +€169,771 | +58.9% |
| Deferred charges and accrued income | 490/1 | €98,484 | €70,998 | -€27,486 | -27.9% |
| Total equity and liabilities | 10/49 | €13,309,314 | €12,807,984 | -€501,330 | -3.8% |
| Equity | 10/15 | €1,005,307 | €2,407,549 | +€1.4m | +139% |
| Contributions | 10/11 | €24,800 | €399,550 | +€374,750 | +1,511% |
| Reserves | 13 | €980,507 | €2,007,999 | +€1.0m | +105% |
| Distributable reserves | 133 | €980,507 | €2,007,999 | +€1.0m | +105% |
| Amounts payable | 17/49 | €12,304,006 | €10,400,435 | -€1.9m | -15.5% |
| Amounts payable after more than one year | 17 | €6,446,933 | €3,023,467 | -€3.4m | -53.1% |
| Financial debts | 170/4 | €6,446,933 | €3,023,467 | -€3.4m | -53.1% |
| Credit institutions | 173 | €4,446,933 | €3,023,467 | -€1.4m | -32.0% |
| Other loans | 174 | €2,000,000 | €0 | -€2.0m | -100% |
| Amounts payable within one year | 42/48 | €5,565,604 | €7,100,006 | +€1.5m | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €1,223,467 | €1,423,467 | +€200,000 | +16.3% |
| Trade debts | 44 | €1,229,731 | €1,035,883 | -€193,849 | -15.8% |
| Suppliers | 440/4 | €1,229,731 | €1,035,883 | -€193,849 | -15.8% |
| Taxes, remuneration and social security | 45 | €817,420 | €772,303 | -€45,117 | -5.5% |
| Taxes | 450/3 | €70,369 | €90,598 | +€20,228 | +28.7% |
| Remuneration and social security | 454/9 | €747,051 | €681,706 | -€65,345 | -8.7% |
| Other amounts payable | 47/48 | €2,294,986 | €3,868,353 | +€1.6m | +68.6% |
| Accrued charges and deferred income | 492/3 | €291,469 | €276,963 | -€14,506 | -5.0% |
| Operating income | 70/76A | €20,448,738 | €18,954,892 | -€1.5m | -7.3% |
| Turnover | 70 | €19,549,892 | €18,269,945 | -€1.3m | -6.5% |
| Other operating income | 74 | €891,975 | €684,948 | -€207,028 | -23.2% |
| Non-recurring operating income | 76A | €6,870 | €0 | -€6,870 | -100% |
| Operating charges | 60/66A | €19,083,819 | €17,642,537 | -€1.4m | -7.6% |
| Goods for resale, raw materials and consumables | 60 | €6,704,679 | €6,025,336 | -€679,343 | -10.1% |
| Purchases | 600/8 | €6,704,679 | €6,025,336 | -€679,343 | -10.1% |
| Services and other goods | 61 | €3,653,613 | €3,113,006 | -€540,606 | -14.8% |
| Remuneration, social security and pensions | 62 | €8,274,472 | €8,222,555 | -€51,917 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,423 | €29,474 | +€13,051 | +79.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €83,481 | +€83,481 | |
| Other operating charges | 640/8 | €434,632 | €168,685 | -€265,947 | -61.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €1,364,918 | €1,312,355 | -€52,563 | -3.9% |
| Financial income | 75/76B | €71,952 | €23,769 | -€48,183 | -67.0% |
| Recurring financial income | 75 | €71,952 | €23,769 | -€48,183 | -67.0% |
| Income from current assets | 751 | €71,404 | €8,269 | -€63,136 | -88.4% |
| Other financial income | 752/9 | €548 | €15,500 | +€14,952 | +2,728% |
| Financial charges | 65/66B | €405,417 | €560,748 | +€155,331 | +38.3% |
| Recurring financial charges | 65 | €405,417 | €560,748 | +€155,331 | +38.3% |
| Debt charges | 650 | €404,117 | €557,043 | +€152,926 | +37.8% |
| Other financial charges | 652/9 | €1,300 | €3,705 | +€2,406 | +185% |
| Profit (loss) for the period before taxes | 9903 | €1,031,454 | €775,376 | -€256,078 | -24.8% |
| Income taxes | 67/77 | €288,727 | €184,582 | -€104,145 | -36.1% |
| Taxes | 670/3 | €288,727 | €191,315 | -€97,412 | -33.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €6,733 | +€6,733 | |
| Profit (loss) for the period | 9904 | €742,727 | €590,794 | -€151,933 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €742,727 | €590,794 | -€151,933 | -20.5% |
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.