Catalpa: 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.
Catalpa
Largest movements
- Current investments +€111,136
up €111,136 (+38.3%), from €290,016 to €401,152
- Tangible fixed assets +€21,152
up €21,152 (+1.4%), from €1.5m to €1.6m
of which Land and buildings: +€36,004
- Other debts +€268,412
up €268,412 (+66.1%), from €405,827 to €674,239
- Reserves -€150,000
down €150,000 (-32.1%), from €467,207 to €317,207
of which Distributable reserves: -€107,900
- Debts after one year -€100,603
down €100,603 (-11.1%), from €905,811 to €805,208
- Tax, wage and social debts +€96,503
up €96,503 (+549%), from €17,580 to €114,083
of which Taxes: +€90,462
- Gross operating margin +€573,290
up €573,290 (+84.2%), from €681,026 to €1.3m
- Taxes +€107,641
up €107,641 (+92.9%), from €115,843 to €223,484
- Depreciation +€53,190
up €53,190 (+36.0%), from €147,775 to €200,965
- Financial charges +€16,533
up €16,533, from -€1,880 to €14,653
- Staff costs +€15,390
up €15,390 (+12.7%), from €120,986 to €136,377
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,944,810 | €2,074,288 | +€129,478 | +6.7% |
| Fixed assets | 21/28 | €1,544,381 | €1,565,534 | +€21,152 | +1.4% |
| Tangible fixed assets | 22/27 | €1,544,381 | €1,565,534 | +€21,152 | +1.4% |
| Land and buildings | 22 | €820,996 | €857,000 | +€36,004 | +4.4% |
| Plant, machinery and equipment | 23 | €686,759 | €678,319 | -€8,440 | -1.2% |
| Furniture and vehicles | 24 | €36,626 | €30,214 | -€6,412 | -17.5% |
| Current assets | 29/58 | €400,429 | €508,754 | +€108,326 | +27.1% |
| Amounts receivable within one year | 40/41 | €31,759 | €29,122 | -€2,637 | -8.3% |
| Trade receivables | 40 | €0 | €25,872 | +€25,872 | |
| Other amounts receivable | 41 | €31,759 | €3,250 | -€28,509 | -89.8% |
| Current investments | 50/53 | €290,016 | €401,152 | +€111,136 | +38.3% |
| Cash at bank and in hand | 54/58 | €69,101 | €76,880 | +€7,779 | +11.3% |
| Deferred charges and accrued income | 490/1 | €9,553 | €1,600 | -€7,952 | -83.2% |
| Total equity and liabilities | 10/49 | €1,944,810 | €2,074,288 | +€129,478 | +6.7% |
| Equity | 10/15 | €485,807 | €335,807 | -€150,000 | -30.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €467,207 | €317,207 | -€150,000 | -32.1% |
| Tax-exempt reserves | 132 | €42,100 | €0 | -€42,100 | -100% |
| Distributable reserves | 133 | €425,107 | €317,207 | -€107,900 | -25.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,459,003 | €1,738,481 | +€279,478 | +19.2% |
| Amounts payable after more than one year | 17 | €905,811 | €805,208 | -€100,603 | -11.1% |
| Financial debts | 170/4 | €905,811 | €805,208 | -€100,603 | -11.1% |
| Amounts payable within one year | 42/48 | €553,046 | €932,104 | +€379,058 | +68.5% |
| Current portion of amounts payable after more than one year | 42 | €101,985 | €103,217 | +€1,232 | +1.2% |
| Trade debts | 44 | €27,654 | €40,565 | +€12,911 | +46.7% |
| Suppliers | 440/4 | €27,654 | €40,565 | +€12,911 | +46.7% |
| Taxes, remuneration and social security | 45 | €17,580 | €114,083 | +€96,503 | +549% |
| Taxes | 450/3 | €4,123 | €94,585 | +€90,462 | +2,194% |
| Remuneration and social security | 454/9 | €13,457 | €19,498 | +€6,041 | +44.9% |
| Other amounts payable | 47/48 | €405,827 | €674,239 | +€268,412 | +66.1% |
| Accrued charges and deferred income | 492/3 | €145 | €1,169 | +€1,024 | +705% |
| Non-recurring operating income | 76A | - | €7,000 | +€7,000 | |
| Remuneration, social security and pensions | 62 | €120,986 | €136,377 | +€15,390 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,775 | €200,965 | +€53,190 | +36.0% |
| Other operating charges | 640/8 | €5,996 | €5,834 | -€162 | -2.7% |
| Non-recurring operating charges | 66A | €0 | €10,641 | +€10,641 | |
| Gross operating margin | 9900 | €681,026 | €1,254,317 | +€573,290 | +84.2% |
| Operating profit (loss) | 9901 | €406,269 | €900,499 | +€494,230 | +122% |
| Financial income | 75/76B | €3,520 | €6,747 | +€3,227 | +91.7% |
| Recurring financial income | 75 | €3,520 | €6,747 | +€3,227 | +91.7% |
| Financial charges | 65/66B | -€1,880 | €14,653 | +€16,533 | |
| Recurring financial charges | 65 | -€1,880 | €14,653 | +€16,533 | |
| Profit (loss) for the period before taxes | 9903 | €411,669 | €892,593 | +€480,924 | +117% |
| Income taxes | 67/77 | €115,843 | €223,484 | +€107,641 | +92.9% |
| Profit (loss) for the period | 9904 | €295,827 | €669,109 | +€373,282 | +126% |
| Transfer from tax-exempt reserves | 789 | €0 | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €295,827 | €711,209 | +€415,382 | +140% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.