CATAX: 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.
CATAX
Largest movements
- Financial fixed assets +€1.5m
up €1.5m (+44.0%), from €3.5m to €5.0m
- Receivables within one year -€673,871
down €673,871 (-41.8%), from €1.6m to €938,750
- Receivables after one year +€638,613
up €638,613 (+84.1%), from €759,282 to €1.4m
- Cash -€130,200
down €130,200 (-67.7%), from €192,212 to €62,012
mainly Investment in fixed assets (net) (-€1.5m) and Receivables after one year (-€638,613)
- Debts after one year +€1.4m
up €1.4m (+87.5%), from €1.6m to €2.9m
- Tax, wage and social debts -€352,033
down €352,033 (-91.5%), from €384,574 to €32,541
of which Taxes: -€355,745
- Reserves +€323,767
up €323,767 (+10.3%), from €3.2m to €3.5m
of which Distributable reserves: +€323,767
- Current portion of long-term debt -€294,312
down €294,312 (-28.5%), from €1.0m to €738,760
- Other debts +€246,904
new in 2022: €246,904
- Gross operating margin -€80,188
down €80,188 (-8.1%), from €995,756 to €915,569
- Taxes -€34,040
down €34,040 (-11.0%), from €308,590 to €274,551
- Financial charges +€15,398
up €15,398 (+51.2%), from €30,055 to €45,454
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,146,702 | €7,550,305 | +€1.4m | +22.8% |
| Fixed assets | 21/28 | €3,573,641 | €5,089,958 | +€1.5m | +42.4% |
| Tangible fixed assets | 22/27 | €92,504 | €78,821 | -€13,684 | -14.8% |
| Furniture and vehicles | 24 | €12,886 | €9,113 | -€3,773 | -29.3% |
| Other tangible fixed assets | 26 | €79,618 | €69,707 | -€9,911 | -12.4% |
| Financial fixed assets | 28 | €3,481,137 | €5,011,137 | +€1.5m | +44.0% |
| Current assets | 29/58 | €2,573,061 | €2,460,348 | -€112,713 | -4.4% |
| Amounts receivable after more than one year | 29 | €759,282 | €1,397,895 | +€638,613 | +84.1% |
| Other amounts receivable | 291 | €759,282 | €1,397,895 | +€638,613 | +84.1% |
| Amounts receivable within one year | 40/41 | €1,612,621 | €938,750 | -€673,871 | -41.8% |
| Trade receivables | 40 | €1,612,621 | €938,750 | -€673,871 | -41.8% |
| Current investments | 50/53 | - | €54,775 | +€54,775 | |
| Cash at bank and in hand | 54/58 | €192,212 | €62,012 | -€130,200 | -67.7% |
| Deferred charges and accrued income | 490/1 | €8,946 | €6,916 | -€2,030 | -22.7% |
| Total equity and liabilities | 10/49 | €6,146,702 | €7,550,305 | +€1.4m | +22.8% |
| Equity | 10/15 | €3,162,201 | €3,485,968 | +€323,767 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,156,001 | €3,479,768 | +€323,767 | +10.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,154,141 | €3,477,908 | +€323,767 | +10.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,984,501 | €4,064,337 | +€1.1m | +36.2% |
| Amounts payable after more than one year | 17 | €1,551,429 | €2,909,205 | +€1.4m | +87.5% |
| Financial debts | 170/4 | €1,551,429 | €2,909,205 | +€1.4m | +87.5% |
| Amounts payable within one year | 42/48 | €1,433,073 | €1,155,133 | -€277,940 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €1,033,071 | €738,760 | -€294,312 | -28.5% |
| Trade debts | 44 | €15,427 | €136,927 | +€121,500 | +788% |
| Suppliers | 440/4 | €15,427 | €136,927 | +€121,500 | +788% |
| Taxes, remuneration and social security | 45 | €384,574 | €32,541 | -€352,033 | -91.5% |
| Taxes | 450/3 | €380,295 | €24,551 | -€355,745 | -93.5% |
| Remuneration and social security | 454/9 | €4,279 | €7,991 | +€3,712 | +86.8% |
| Other amounts payable | 47/48 | - | €246,904 | +€246,904 | |
| Remuneration, social security and pensions | 62 | €20,515 | €29,819 | +€9,303 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,684 | €13,684 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,019 | €1,157 | +€138 | +13.6% |
| Gross operating margin | 9900 | €995,756 | €915,569 | -€80,188 | -8.1% |
| Operating profit (loss) | 9901 | €960,538 | €870,909 | -€89,629 | -9.3% |
| Financial income | 75/76B | €19,655 | €19,766 | +€111 | +0.6% |
| Recurring financial income | 75 | €19,655 | €19,766 | +€111 | +0.6% |
| Financial charges | 65/66B | €30,055 | €45,454 | +€15,398 | +51.2% |
| Recurring financial charges | 65 | €30,055 | €45,454 | +€15,398 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €950,138 | €845,222 | -€104,916 | -11.0% |
| Income taxes | 67/77 | €308,590 | €274,551 | -€34,040 | -11.0% |
| Profit (loss) for the period | 9904 | €641,547 | €570,671 | -€70,876 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €641,547 | €570,671 | -€70,876 | -11.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.