CATALYST: 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.
CATALYST
Largest movements
- Tangible fixed assets -€14,589
down €14,589 (-5.2%), from €282,283 to €267,695
of which Furniture and vehicles: -€12,085
- Receivables within one year +€13,305
up €13,305 (+16.3%), from €81,497 to €94,803
of which Trade receivables: +€12,705
- Cash +€6,294
up €6,294 (+5.9%), from €107,173 to €113,467
mainly Net result for the year (+€83,595) and Depreciation (+€14,589)
- Profit (loss) carried forward +€16,744
up €16,744 (+8.0%), from €209,264 to €226,008
- Debts after one year -€8,890
down €8,890 (-4.6%), from €195,222 to €186,331
- Gross operating margin +€49,950
up €49,950 (+46.0%), from €108,675 to €158,625
- Financial charges +€22,834
up €22,834 (+368.2%), from €6,201 to €29,035
- Taxes +€6,982
up €6,982 (+28.7%), from €24,301 to €31,283
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 | €479,805 | €482,552 | +€2,746 | +0.6% |
| Fixed assets | 21/28 | €287,283 | €272,695 | -€14,589 | -5.1% |
| Tangible fixed assets | 22/27 | €282,283 | €267,695 | -€14,589 | -5.2% |
| Land and buildings | 22 | €243,859 | €241,383 | -€2,476 | -1.0% |
| Plant, machinery and equipment | 23 | €29 | €0 | -€29 | -100.0% |
| Furniture and vehicles | 24 | €38,396 | €26,311 | -€12,085 | -31.5% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €192,522 | €209,857 | +€17,335 | +9.0% |
| Amounts receivable within one year | 40/41 | €81,497 | €94,803 | +€13,305 | +16.3% |
| Trade receivables | 40 | €73,450 | €86,155 | +€12,705 | +17.3% |
| Other amounts receivable | 41 | €8,048 | €8,648 | +€600 | +7.5% |
| Cash at bank and in hand | 54/58 | €107,173 | €113,467 | +€6,294 | +5.9% |
| Deferred charges and accrued income | 490/1 | €3,851 | €1,588 | -€2,264 | -58.8% |
| Total equity and liabilities | 10/49 | €479,805 | €482,552 | +€2,746 | +0.6% |
| Equity | 10/15 | €229,724 | €246,468 | +€16,744 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €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 | €209,264 | €226,008 | +€16,744 | +8.0% |
| Amounts payable | 17/49 | €250,081 | €236,083 | -€13,998 | -5.6% |
| Amounts payable after more than one year | 17 | €195,222 | €186,331 | -€8,890 | -4.6% |
| Financial debts | 170/4 | €195,222 | €186,331 | -€8,890 | -4.6% |
| Amounts payable within one year | 42/48 | €54,860 | €48,413 | -€6,446 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €11,574 | €8,890 | -€2,684 | -23.2% |
| Trade debts | 44 | €2,209 | €600 | -€1,609 | -72.8% |
| Suppliers | 440/4 | €2,209 | €600 | -€1,609 | -72.8% |
| Taxes, remuneration and social security | 45 | €41,076 | €38,922 | -€2,154 | -5.2% |
| Taxes | 450/3 | €41,076 | €38,922 | -€2,154 | -5.2% |
| Accrued charges and deferred income | 492/3 | - | €1,339 | +€1,339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,523 | €14,589 | -€934 | -6.0% |
| Other operating charges | 640/8 | €1,187 | €395 | -€791 | -66.7% |
| Gross operating margin | 9900 | €108,675 | €158,625 | +€49,950 | +46.0% |
| Operating profit (loss) | 9901 | €91,966 | €143,641 | +€51,675 | +56.2% |
| Financial income | 75/76B | €136 | €272 | +€136 | +100.1% |
| Recurring financial income | 75 | €136 | €272 | +€136 | +100.1% |
| Financial charges | 65/66B | €6,201 | €29,035 | +€22,834 | +368.2% |
| Recurring financial charges | 65 | €6,201 | €29,035 | +€22,834 | +368.2% |
| Profit (loss) for the period before taxes | 9903 | €85,901 | €114,878 | +€28,978 | +33.7% |
| Income taxes | 67/77 | €24,301 | €31,283 | +€6,982 | +28.7% |
| Profit (loss) for the period | 9904 | €61,599 | €83,595 | +€21,996 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,599 | €83,595 | +€21,996 | +35.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.