CATARA: what changed
CATARA
Largest movements
- Current investments +€50,001
up €50,001 (+238%), from €20,991 to €70,992
- Cash -€15,596
down €15,596 (-100.0%), from €15,601 to €4
mainly Current investments (-€50,001) and Investment in fixed assets (net) (-€11,000)
- Stocks and contracts +€10,100
up €10,100 (+32.2%), from €31,386 to €41,486
- Tangible fixed assets +€5,673
up €5,673 (+73.6%), from €7,710 to €13,383
of which Furniture and vehicles: +€9,753
- Receivables within one year +€2,910
up €2,910 (+12.3%), from €23,628 to €26,538
of which Trade receivables: +€2,910
- Profit (loss) carried forward +€50,543
up €50,543, from -€11,348 to €39,194
- Trade debts +€9,722
up €9,722 (+273%), from €3,563 to €13,285
- Other debts -€5,276
down €5,276 (-38.3%), from €13,772 to €8,497
- Tax, wage and social debts -€2,538
down €2,538 (-13.5%), from €18,742 to €16,204
of which Taxes: -€6,038
- Gross operating margin +€22,060
up €22,060 (+38.2%), from €57,730 to €79,790
- Taxes +€3,671
up €3,671 (+19.9%), from €18,472 to €22,143
- Depreciation -€1,049
down €1,049 (-16.4%), from €6,376 to €5,327
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,616 | €153,131 | +€53,515 | +53.7% |
| Fixed assets | 21/28 | €8,010 | €13,683 | +€5,673 | +70.8% |
| Tangible fixed assets | 22/27 | €7,710 | €13,383 | +€5,673 | +73.6% |
| Plant, machinery and equipment | 23 | €4,782 | €2,660 | -€2,122 | -44.4% |
| Furniture and vehicles | 24 | €401 | €10,154 | +€9,753 | +2,434% |
| Other tangible fixed assets | 26 | €2,527 | €569 | -€1,958 | -77.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €91,606 | €139,448 | +€47,842 | +52.2% |
| Stocks and contracts in progress | 3 | €31,386 | €41,486 | +€10,100 | +32.2% |
| Stocks | 30/36 | €31,386 | €41,486 | +€10,100 | +32.2% |
| Amounts receivable within one year | 40/41 | €23,628 | €26,538 | +€2,910 | +12.3% |
| Trade receivables | 40 | €23,628 | €26,538 | +€2,910 | +12.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €20,991 | €70,992 | +€50,001 | +238% |
| Cash at bank and in hand | 54/58 | €15,601 | €4 | -€15,596 | -100.0% |
| Deferred charges and accrued income | 490/1 | €0 | €428 | +€428 | |
| Total equity and liabilities | 10/49 | €99,616 | €153,131 | +€53,515 | +53.7% |
| Equity | 10/15 | €63,539 | €114,081 | +€50,543 | +79.5% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €55,387 | €55,387 | = | 0.0% |
| Distributable reserves | 133 | €55,387 | €55,387 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,348 | €39,194 | +€50,543 | |
| Amounts payable | 17/49 | €36,077 | €39,050 | +€2,972 | +8.2% |
| Amounts payable within one year | 42/48 | €36,077 | €39,050 | +€2,972 | +8.2% |
| Financial debts | 43 | - | €1,064 | +€1,064 | |
| Credit institutions | 430/8 | - | €1,064 | +€1,064 | |
| Trade debts | 44 | €3,563 | €13,285 | +€9,722 | +273% |
| Suppliers | 440/4 | €3,563 | €13,285 | +€9,722 | +273% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €18,742 | €16,204 | -€2,538 | -13.5% |
| Taxes | 450/3 | €18,742 | €12,704 | -€6,038 | -32.2% |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €13,772 | €8,497 | -€5,276 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,376 | €5,327 | -€1,049 | -16.4% |
| Other operating charges | 640/8 | €943 | €1,436 | +€492 | +52.2% |
| Gross operating margin | 9900 | €57,730 | €79,790 | +€22,060 | +38.2% |
| Operating profit (loss) | 9901 | €50,411 | €73,027 | +€22,616 | +44.9% |
| Financial income | 75/76B | €307 | €332 | +€25 | +8.1% |
| Recurring financial income | 75 | €307 | €332 | +€25 | +8.1% |
| Financial charges | 65/66B | €450 | €673 | +€223 | +49.4% |
| Recurring financial charges | 65 | €450 | €673 | +€223 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | €50,267 | €72,686 | +€22,419 | +44.6% |
| Income taxes | 67/77 | €18,472 | €22,143 | +€3,671 | +19.9% |
| Profit (loss) for the period | 9904 | €31,795 | €50,543 | +€18,748 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,795 | €50,543 | +€18,748 | +59.0% |
Next steps
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 7 November 2026 via checked.be.