CATBEL: what changed
CATBEL
Largest movements
- Receivables within one year -€11,260
down €11,260 (-52.5%), from €21,452 to €10,193
of which Trade receivables: -€12,383
- Cash -€7,401
down €7,401 (-84.5%), from €8,755 to €1,354
mainly Trade debts (-€12,378) and Net result for the year (-€9,686)
- Tangible fixed assets -€6,911
down €6,911 (-79.6%), from €8,677 to €1,766
- Trade debts -€12,378
down €12,378 (-95.0%), from €13,029 to €651
- Profit (loss) carried forward -€9,686
down €9,686 (-72.4%), from €13,372 to €3,686
- Tax, wage and social debts -€3,721
down €3,721 (-48.4%), from €7,696 to €3,975
of which Remuneration and social security: -€6,060
- Turnover -€140,991
down €140,991 (-68.6%), from €205,505 to €64,514
- Purchases and services -€122,401
down €122,401 (-61.2%), from €200,069 to €77,668
- Gross operating margin -€9,374
down €9,374, from €7,303 to -€2,072
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,097 | €13,313 | -€25,785 | -66.0% |
| Fixed assets | 21/28 | €8,677 | €1,766 | -€6,911 | -79.6% |
| Tangible fixed assets | 22/27 | €8,677 | €1,766 | -€6,911 | -79.6% |
| Furniture and vehicles | 24 | €8,677 | €1,766 | -€6,911 | -79.6% |
| Current assets | 29/58 | €30,421 | €11,546 | -€18,874 | -62.0% |
| Amounts receivable within one year | 40/41 | €21,452 | €10,193 | -€11,260 | -52.5% |
| Trade receivables | 40 | €13,550 | €1,167 | -€12,383 | -91.4% |
| Other amounts receivable | 41 | €7,902 | €9,025 | +€1,123 | +14.2% |
| Cash at bank and in hand | 54/58 | €8,755 | €1,354 | -€7,401 | -84.5% |
| Deferred charges and accrued income | 490/1 | €213 | - | -€213 | |
| Total equity and liabilities | 10/49 | €39,097 | €13,313 | -€25,785 | -66.0% |
| Equity | 10/15 | €18,372 | €8,686 | -€9,686 | -52.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,372 | €3,686 | -€9,686 | -72.4% |
| Amounts payable | 17/49 | €20,725 | €4,626 | -€16,099 | -77.7% |
| Amounts payable within one year | 42/48 | €20,725 | €4,626 | -€16,099 | -77.7% |
| Trade debts | 44 | €13,029 | €651 | -€12,378 | -95.0% |
| Suppliers | 440/4 | €13,029 | €651 | -€12,378 | -95.0% |
| Taxes, remuneration and social security | 45 | €7,696 | €3,975 | -€3,721 | -48.4% |
| Taxes | 450/3 | €1,636 | €3,975 | +€2,338 | +143% |
| Remuneration and social security | 454/9 | €6,060 | - | -€6,060 | |
| Turnover | 70 | €205,505 | €64,514 | -€140,991 | -68.6% |
| Non-recurring operating income | 76A | €1,867 | €11,082 | +€9,215 | +494% |
| Goods, raw materials, services and sundry goods | 60/61 | €200,069 | €77,668 | -€122,401 | -61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,778 | €6,911 | +€132 | +1.9% |
| Other operating charges | 640/8 | €899 | €372 | -€527 | -58.6% |
| Gross operating margin | 9900 | €7,303 | -€2,072 | -€9,374 | |
| Operating profit (loss) | 9901 | -€375 | -€9,355 | -€8,979 | -2,393% |
| Financial charges | 65/66B | €169 | €193 | +€24 | +14.2% |
| Recurring financial charges | 65 | €169 | €193 | +€24 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | -€544 | -€9,547 | -€9,003 | -1,655% |
| Income taxes | 67/77 | €1,636 | €139 | -€1,498 | -91.5% |
| Profit (loss) for the period | 9904 | -€2,180 | -€9,686 | -€7,505 | -344% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,180 | -€9,686 | -€7,505 | -344% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.