Catch-42: 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.
Catch-42
Largest movements
- Current investments +€79,900
up €79,900 (+76.1%), from €105,000 to €184,900
- Cash -€28,904
down €28,904 (-58.2%), from €49,692 to €20,788
mainly Current investments (-€79,900) and Receivables within one year (-€13,365)
- Receivables within one year +€13,365
up €13,365 (+72.7%), from €18,386 to €31,751
of which Trade receivables: +€13,378
- Reserves +€78,414
up €78,414 (+67.4%), from €116,378 to €194,792
- Tax, wage and social debts -€8,204
down €8,204 (-18.8%), from €43,703 to €35,500
- Other debts -€4,931
down €4,931 (-58.4%), from €8,444 to €3,513
- Gross operating margin -€53,081
down €53,081 (-33.7%), from €157,673 to €104,592
- Taxes -€6,603
down €6,603 (-19.1%), from €34,638 to €28,035
- Financial income +€2,316
up €2,316 (+277.7%), from €834 to €3,150
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 | €174,680 | €238,984 | +€64,304 | +36.8% |
| Current assets | 29/58 | €174,680 | €238,984 | +€64,304 | +36.8% |
| Amounts receivable within one year | 40/41 | €18,386 | €31,751 | +€13,365 | +72.7% |
| Trade receivables | 40 | €18,325 | €31,703 | +€13,378 | +73.0% |
| Other amounts receivable | 41 | €61 | €48 | -€13 | -20.8% |
| Current investments | 50/53 | €105,000 | €184,900 | +€79,900 | +76.1% |
| Cash at bank and in hand | 54/58 | €49,692 | €20,788 | -€28,904 | -58.2% |
| Deferred charges and accrued income | 490/1 | €1,603 | €1,545 | -€58 | -3.6% |
| Total equity and liabilities | 10/49 | €174,680 | €238,984 | +€64,304 | +36.8% |
| Equity | 10/15 | €120,378 | €198,792 | +€78,414 | +65.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €116,378 | €194,792 | +€78,414 | +67.4% |
| Distributable reserves | 133 | €116,378 | €194,792 | +€78,414 | +67.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €54,302 | €40,192 | -€14,110 | -26.0% |
| Amounts payable within one year | 42/48 | €53,843 | €39,906 | -€13,938 | -25.9% |
| Financial debts | 43 | €24 | €164 | +€141 | +599.1% |
| Credit institutions | 430/8 | €24 | €164 | +€141 | +599.1% |
| Trade debts | 44 | €1,673 | €728 | -€944 | -56.5% |
| Suppliers | 440/4 | €1,673 | €728 | -€944 | -56.5% |
| Taxes, remuneration and social security | 45 | €43,703 | €35,500 | -€8,204 | -18.8% |
| Taxes | 450/3 | €43,703 | €35,500 | -€8,204 | -18.8% |
| Other amounts payable | 47/48 | €8,444 | €3,513 | -€4,931 | -58.4% |
| Accrued charges and deferred income | 492/3 | €459 | €286 | -€173 | -37.6% |
| Other operating charges | 640/8 | €1,235 | €544 | -€691 | -56.0% |
| Gross operating margin | 9900 | €157,673 | €104,592 | -€53,081 | -33.7% |
| Operating profit (loss) | 9901 | €156,438 | €104,048 | -€52,390 | -33.5% |
| Financial income | 75/76B | €834 | €3,150 | +€2,316 | +277.7% |
| Recurring financial income | 75 | €834 | €3,150 | +€2,316 | +277.7% |
| Financial charges | 65/66B | €1,034 | €749 | -€284 | -27.5% |
| Recurring financial charges | 65 | €1,034 | €749 | -€284 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €156,239 | €106,448 | -€49,790 | -31.9% |
| Income taxes | 67/77 | €34,638 | €28,035 | -€6,603 | -19.1% |
| Profit (loss) for the period | 9904 | €121,601 | €78,414 | -€43,188 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €121,601 | €78,414 | -€43,188 | -35.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.