Catch: what changed
What changed
Catch
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€355,763
2024 · €553,947-€198,183
Equity
€3.3m
2024 · €3.1m+€200,763
Cash
€5,077
2024 · €13,689-€8,611
Balance sheet total
€5.4m
2024 · €5.6m-€161,560
Largest movements
Assets
- Receivables within one year -€147,614
down €147,614 (-32.3%), from €456,732 to €309,118
of which Trade receivables: -€137,264
Equity and liabilities
- Debts after one year -€256,399
down €256,399 (-27.6%), from €928,004 to €671,605
- Reserves +€200,763
up €200,763 (+7.7%), from €2.6m to €2.8m
- Current portion of long-term debt -€176,399
down €176,399 (-40.8%), from €432,799 to €256,399
- Tax, wage and social debts +€147,854
up €147,854 (+64.5%), from €229,297 to €377,151
Income statement
- Gross operating margin -€278,768
down €278,768 (-33.0%), from €845,246 to €566,479
- Taxes -€81,443
down €81,443 (-35.5%), from €229,297 to €147,854
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.
Result 2024
€553,947
Gross operating margin
-€278,768
Staff costs
-€206
Depreciation
+€133
Other operating charges
-€6,475
Other operating items
-€498
Financial income
+€0
Financial charges
+€6,186
Taxes
+€81,443
Result 2025
€355,763
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€578,470
Investment
+€718
Financing
-€587,799
Cash 2024
€13,689
From operations (derived)
+€578,470
Net result for the year
+€355,763
Depreciation
+€3,501
Receivables within one year
+€147,614
Deferred charges and accrued income
+€1,116
Trade debts
-€49,783
Tax, wage and social debts
+€147,854
Other debts
-€37,393
Accrued charges and deferred income
+€9,798
Investment (derived)
+€718
Investment in fixed assets (net)
+€718
Financing
-€587,799
Debts after one year
-€256,399
Current portion of long-term debt
-€176,399
Contributions, distributions and other
-€155,000
Cash 2025
€5,077
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,606,673 | €5,445,113 | -€161,560 | -2.9% |
| Fixed assets | 21/28 | €5,131,800 | €5,127,581 | -€4,218 | -0.1% |
| Tangible fixed assets | 22/27 | €13,813 | €9,595 | -€4,218 | -30.5% |
| Furniture and vehicles | 24 | €13,813 | €9,595 | -€4,218 | -30.5% |
| Financial fixed assets | 28 | €5,117,987 | €5,117,987 | = | 0.0% |
| Current assets | 29/58 | €474,873 | €317,532 | -€157,341 | -33.1% |
| Amounts receivable within one year | 40/41 | €456,732 | €309,118 | -€147,614 | -32.3% |
| Trade receivables | 40 | €152,382 | €15,117 | -€137,264 | -90.1% |
| Other amounts receivable | 41 | €304,350 | €294,001 | -€10,349 | -3.4% |
| Cash at bank and in hand | 54/58 | €13,689 | €5,077 | -€8,611 | -62.9% |
| Deferred charges and accrued income | 490/1 | €4,452 | €3,336 | -€1,116 | -25.1% |
| Total equity and liabilities | 10/49 | €5,606,673 | €5,445,113 | -€161,560 | -2.9% |
| Equity | 10/15 | €3,095,665 | €3,296,428 | +€200,763 | +6.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €2,595,665 | €2,796,428 | +€200,763 | +7.7% |
| Distributable reserves | 133 | €2,595,665 | €2,796,428 | +€200,763 | +7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,511,008 | €2,148,685 | -€362,323 | -14.4% |
| Amounts payable after more than one year | 17 | €928,004 | €671,605 | -€256,399 | -27.6% |
| Financial debts | 170/4 | €928,004 | €671,605 | -€256,399 | -27.6% |
| Amounts payable within one year | 42/48 | €1,411,373 | €1,295,651 | -€115,722 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €432,799 | €256,399 | -€176,399 | -40.8% |
| Trade debts | 44 | €131,571 | €81,787 | -€49,783 | -37.8% |
| Suppliers | 440/4 | €131,571 | €81,787 | -€49,783 | -37.8% |
| Taxes, remuneration and social security | 45 | €229,297 | €377,151 | +€147,854 | +64.5% |
| Taxes | 450/3 | €229,297 | €377,151 | +€147,854 | +64.5% |
| Other amounts payable | 47/48 | €617,707 | €580,314 | -€37,393 | -6.1% |
| Accrued charges and deferred income | 492/3 | €171,630 | €181,429 | +€9,798 | +5.7% |
| Remuneration, social security and pensions | 62 | €489 | €695 | +€206 | +42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,634 | €3,501 | -€133 | -3.7% |
| Other operating charges | 640/8 | €6,107 | €12,581 | +€6,475 | +106% |
| Non-recurring operating charges | 66A | €220 | €718 | +€498 | +226% |
| Gross operating margin | 9900 | €845,246 | €566,479 | -€278,768 | -33.0% |
| Operating profit (loss) | 9901 | €834,797 | €548,984 | -€285,813 | -34.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €51,553 | €45,367 | -€6,186 | -12.0% |
| Recurring financial charges | 65 | €51,553 | €45,367 | -€6,186 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €783,244 | €503,617 | -€279,627 | -35.7% |
| Income taxes | 67/77 | €229,297 | €147,854 | -€81,443 | -35.5% |
| Profit (loss) for the period | 9904 | €553,947 | €355,763 | -€198,183 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €553,947 | €355,763 | -€198,183 | -35.8% |
Next steps
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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 6 November 2026 via checked.be.