CATCH & LAUNCH: 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 & LAUNCH
Largest movements
- Receivables within one year +€15,140
up €15,140 (+126.2%), from €11,992 to €27,131
of which Trade receivables: +€13,545
- Tangible fixed assets -€5,546
down €5,546 (-14.7%), from €37,840 to €32,293
of which Furniture and vehicles: -€6,172
- Other debts +€15,644
up €15,644 (+52.2%), from €29,966 to €45,610
- Profit (loss) carried forward +€12,063
up €12,063 (+29.0%), from -€41,604 to -€29,541
- Debts after one year -€9,775
no longer reported in 2025 (was €9,775)
- Tax, wage and social debts -€8,963
down €8,963 (-56.5%), from €15,855 to €6,892
- Trade debts +€6,276
up €6,276 (+353.0%), from €1,778 to €8,054
- Gross operating margin -€24,860
down €24,860 (-40.4%), from €61,483 to €36,622
- Staff costs -€23,346
no longer reported in 2025 (was €23,346)
- Taxes +€6,636
up €6,636 (+2597.7%), from €255 to €6,892
- Other operating charges -€5,739
down €5,739 (-98.9%), from €5,802 to €63
- Depreciation +€3,144
up €3,144 (+34.7%), from €9,050 to €12,194
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,104 | €60,830 | +€9,726 | +19.0% |
| Fixed assets | 21/28 | €37,840 | €32,293 | -€5,546 | -14.7% |
| Tangible fixed assets | 22/27 | €37,840 | €32,293 | -€5,546 | -14.7% |
| Land and buildings | 22 | €4,243 | - | -€4,243 | |
| Plant, machinery and equipment | 23 | €3,230 | €6,849 | +€3,619 | +112.1% |
| Furniture and vehicles | 24 | €30,367 | €24,194 | -€6,172 | -20.3% |
| Other tangible fixed assets | 26 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €13,264 | €28,536 | +€15,272 | +115.1% |
| Amounts receivable within one year | 40/41 | €11,992 | €27,131 | +€15,140 | +126.2% |
| Trade receivables | 40 | €11,879 | €25,424 | +€13,545 | +114.0% |
| Other amounts receivable | 41 | €113 | €1,707 | +€1,595 | +1416.1% |
| Deferred charges and accrued income | 490/1 | €1,272 | €1,405 | +€133 | +10.4% |
| Total equity and liabilities | 10/49 | €51,104 | €60,830 | +€9,726 | +19.0% |
| Equity | 10/15 | -€27,964 | -€15,901 | +€12,063 | +43.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,240 | €1,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,604 | -€29,541 | +€12,063 | +29.0% |
| Amounts payable | 17/49 | €79,068 | €76,731 | -€2,337 | -3.0% |
| Amounts payable after more than one year | 17 | €9,775 | - | -€9,775 | |
| Financial debts | 170/4 | €9,775 | - | -€9,775 | |
| Amounts payable within one year | 42/48 | €69,293 | €76,731 | +€7,438 | +10.7% |
| Financial debts | 43 | €21,693 | €16,175 | -€5,518 | -25.4% |
| Credit institutions | 430/8 | €21,693 | €16,175 | -€5,518 | -25.4% |
| Trade debts | 44 | €1,778 | €8,054 | +€6,276 | +353.0% |
| Suppliers | 440/4 | €1,778 | €8,054 | +€6,276 | +353.0% |
| Taxes, remuneration and social security | 45 | €15,855 | €6,892 | -€8,963 | -56.5% |
| Taxes | 450/3 | €15,855 | €6,892 | -€8,963 | -56.5% |
| Other amounts payable | 47/48 | €29,966 | €45,610 | +€15,644 | +52.2% |
| Remuneration, social security and pensions | 62 | €23,346 | - | -€23,346 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,050 | €12,194 | +€3,144 | +34.7% |
| Other operating charges | 640/8 | €5,802 | €63 | -€5,739 | -98.9% |
| Gross operating margin | 9900 | €61,483 | €36,622 | -€24,860 | -40.4% |
| Operating profit (loss) | 9901 | €23,285 | €24,365 | +€1,080 | +4.6% |
| Financial income | 75/76B | €4 | €0 | -€4 | -91.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -91.0% |
| Financial charges | 65/66B | €5,692 | €5,411 | -€281 | -4.9% |
| Recurring financial charges | 65 | €5,692 | €5,411 | -€281 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €17,597 | €18,955 | +€1,357 | +7.7% |
| Income taxes | 67/77 | €255 | €6,892 | +€6,636 | +2597.7% |
| Profit (loss) for the period | 9904 | €17,342 | €12,063 | -€5,279 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,342 | €12,063 | -€5,279 | -30.4% |
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.