CATCH23: what changed
Two fiscal 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.
CATCH23
Largest movements
- Tangible fixed assets -€19,569
down €19,569 (-30.1%), from €65,090 to €45,521
of which Plant, machinery and equipment: -€17,694
- Cash -€16,842
down €16,842 (-87.8%), from €19,180 to €2,338
mainly Debts after one year (-€17,733) and Receivables within one year (-€15,087)
- Receivables within one year +€15,087
up €15,087 (+631.6%), from €2,389 to €17,476
of which Trade receivables: +€15,480
- Debts after one year -€17,733
down €17,733 (-29.1%), from €61,019 to €43,287
- Trade debts -€4,583
down €4,583 (-88.3%), from €5,190 to €606
- Tax, wage and social debts +€1,654
up €1,654 (+122.1%), from €1,354 to €3,008
- Profit (loss) carried forward -€1,615
down €1,615, from €1,135 to -€479
- Gross operating margin -€4,958
down €4,958 (-17.7%), from €28,067 to €23,109
- Financial charges -€2,105
down €2,105 (-33.9%), from €6,220 to €4,114
- Other operating charges +€307
up €307 (+57.7%), from €532 to €838
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 | €88,387 | €66,425 | -€21,962 | -24.8% |
| Fixed assets | 21/28 | €65,090 | €45,521 | -€19,569 | -30.1% |
| Tangible fixed assets | 22/27 | €65,090 | €45,521 | -€19,569 | -30.1% |
| Plant, machinery and equipment | 23 | €57,930 | €40,236 | -€17,694 | -30.5% |
| Furniture and vehicles | 24 | €7,161 | €5,285 | -€1,875 | -26.2% |
| Current assets | 29/58 | €23,297 | €20,904 | -€2,393 | -10.3% |
| Amounts receivable within one year | 40/41 | €2,389 | €17,476 | +€15,087 | +631.6% |
| Trade receivables | 40 | €1,997 | €17,476 | +€15,480 | +775.3% |
| Other amounts receivable | 41 | €392 | €0 | -€392 | -100.0% |
| Cash at bank and in hand | 54/58 | €19,180 | €2,338 | -€16,842 | -87.8% |
| Deferred charges and accrued income | 490/1 | €1,728 | €1,090 | -€639 | -37.0% |
| Total equity and liabilities | 10/49 | €88,387 | €66,425 | -€21,962 | -24.8% |
| Equity | 10/15 | €3,135 | €1,521 | -€1,615 | -51.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,135 | -€479 | -€1,615 | |
| Amounts payable | 17/49 | €85,252 | €64,904 | -€20,347 | -23.9% |
| Amounts payable after more than one year | 17 | €61,019 | €43,287 | -€17,733 | -29.1% |
| Financial debts | 170/4 | €61,019 | €43,287 | -€17,733 | -29.1% |
| Amounts payable within one year | 42/48 | €24,233 | €21,618 | -€2,615 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €16,870 | €17,733 | +€863 | +5.1% |
| Trade debts | 44 | €5,190 | €606 | -€4,583 | -88.3% |
| Suppliers | 440/4 | €5,190 | €606 | -€4,583 | -88.3% |
| Taxes, remuneration and social security | 45 | €1,354 | €3,008 | +€1,654 | +122.1% |
| Taxes | 450/3 | €1,354 | €3,008 | +€1,654 | +122.1% |
| Other amounts payable | 47/48 | €819 | €271 | -€548 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,045 | €19,800 | -€245 | -1.2% |
| Other operating charges | 640/8 | €532 | €838 | +€307 | +57.7% |
| Gross operating margin | 9900 | €28,067 | €23,109 | -€4,958 | -17.7% |
| Operating profit (loss) | 9901 | €7,491 | €2,471 | -€5,020 | -67.0% |
| Financial income | 75/76B | €15 | €86 | +€70 | +460.5% |
| Recurring financial income | 75 | €15 | €86 | +€70 | +460.5% |
| Financial charges | 65/66B | €6,220 | €4,114 | -€2,105 | -33.9% |
| Recurring financial charges | 65 | €6,220 | €4,114 | -€2,105 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €1,286 | -€1,558 | -€2,844 | |
| Income taxes | 67/77 | €151 | €57 | -€94 | -62.3% |
| Profit (loss) for the period | 9904 | €1,135 | -€1,615 | -€2,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,135 | -€1,615 | -€2,750 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.