CATAPULT: 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.
CATAPULT
Largest movements
- Receivables within one year -€19,313
down €19,313 (-40.6%), from €47,604 to €28,292
- Tangible fixed assets +€5,631
up €5,631 (+12.5%), from €45,075 to €50,706
of which Furniture and vehicles: +€7,263
- Cash -€3,011
down €3,011 (-43.5%), from €6,929 to €3,918
mainly Net result for the year (-€14,564) and Investment in fixed assets (net) (-€9,292)
- Reserves -€14,564
down €14,564 (-41.2%), from €35,373 to €20,808
- Trade debts -€7,306
down €7,306 (-30.8%), from €23,758 to €16,452
- Tax, wage and social debts +€5,177
up €5,177 (+36.0%), from €14,399 to €19,576
of which Taxes: +€3,026
- Gross operating margin -€16,679
down €16,679 (-15.4%), from €108,228 to €91,549
- Staff costs +€6,683
up €6,683 (+7.4%), from €90,370 to €97,053
- Depreciation +€1,158
up €1,158 (+44.5%), from €2,606 to €3,764
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 | €99,729 | €83,036 | -€16,693 | -16.7% |
| Fixed assets | 21/28 | €45,178 | €50,706 | +€5,528 | +12.2% |
| Tangible fixed assets | 22/27 | €45,075 | €50,706 | +€5,631 | +12.5% |
| Land and buildings | 22 | €42,967 | €41,335 | -€1,632 | -3.8% |
| Furniture and vehicles | 24 | €2,108 | €9,371 | +€7,263 | +344.6% |
| Financial fixed assets | 28 | €103 | - | -€103 | |
| Current assets | 29/58 | €54,551 | €32,330 | -€22,221 | -40.7% |
| Amounts receivable within one year | 40/41 | €47,604 | €28,292 | -€19,313 | -40.6% |
| Trade receivables | 40 | €47,604 | €28,292 | -€19,313 | -40.6% |
| Current investments | 50/53 | €17 | €120 | +€103 | +593.3% |
| Cash at bank and in hand | 54/58 | €6,929 | €3,918 | -€3,011 | -43.5% |
| Total equity and liabilities | 10/49 | €99,729 | €83,036 | -€16,693 | -16.7% |
| Equity | 10/15 | €41,573 | €27,008 | -€14,564 | -35.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,373 | €20,808 | -€14,564 | -41.2% |
| Distributable reserves | 133 | €35,373 | €20,808 | -€14,564 | -41.2% |
| Amounts payable | 17/49 | €58,157 | €56,028 | -€2,128 | -3.7% |
| Amounts payable within one year | 42/48 | €58,157 | €56,028 | -€2,128 | -3.7% |
| Trade debts | 44 | €23,758 | €16,452 | -€7,306 | -30.8% |
| Suppliers | 440/4 | €23,758 | €16,452 | -€7,306 | -30.8% |
| Taxes, remuneration and social security | 45 | €14,399 | €19,576 | +€5,177 | +36.0% |
| Taxes | 450/3 | €4,508 | €7,534 | +€3,026 | +67.1% |
| Remuneration and social security | 454/9 | €9,891 | €12,043 | +€2,152 | +21.8% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €90,370 | €97,053 | +€6,683 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,606 | €3,764 | +€1,158 | +44.5% |
| Other operating charges | 640/8 | €5,112 | €5,303 | +€191 | +3.7% |
| Gross operating margin | 9900 | €108,228 | €91,549 | -€16,679 | -15.4% |
| Operating profit (loss) | 9901 | €10,139 | -€14,571 | -€24,710 | |
| Financial income | 75/76B | €85 | €92 | +€7 | +8.7% |
| Recurring financial income | 75 | €85 | €92 | +€7 | +8.7% |
| Financial charges | 65/66B | €35 | €85 | +€51 | +146.4% |
| Recurring financial charges | 65 | €35 | €85 | +€51 | +146.4% |
| Profit (loss) for the period before taxes | 9903 | €10,189 | -€14,564 | -€24,754 | |
| Profit (loss) for the period | 9904 | €10,189 | -€14,564 | -€24,754 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,189 | -€14,564 | -€24,754 |
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 11 October 2026 via checked.be.