CATE: 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.
CATE
Largest movements
- Cash +€63,267
up €63,267 (+68.9%), from €91,889 to €155,156
mainly Net result for the year (+€27,621) and Depreciation (+€26,104)
- Tangible fixed assets -€26,104
down €26,104 (-42.2%), from €61,872 to €35,768
of which Furniture and vehicles: -€16,942
- Receivables within one year -€4,703
down €4,703 (-48.0%), from €9,791 to €5,088
of which Other amounts receivable: -€3,844
- Reserves +€25,955
up €25,955 (+29.4%), from €88,262 to €114,216
- Tax, wage and social debts +€15,577
up €15,577 (+50.8%), from €30,669 to €46,246
of which Taxes: +€14,662
- Current portion of long-term debt -€13,710
no longer reported in 2025 (was €13,710)
- Other debts +€9,091
up €9,091 (+33.2%), from €27,408 to €36,500
- Gross operating margin -€34,169
down €34,169 (-18.2%), from €188,048 to €153,879
- Staff costs -€32,404
down €32,404 (-28.6%), from €113,132 to €80,728
- Depreciation -€29,378
down €29,378 (-53.0%), from €55,482 to €26,104
- Taxes +€11,707
up €11,707 (+272.4%), from €4,297 to €16,004
- Other operating charges -€2,174
down €2,174 (-45.6%), from €4,764 to €2,590
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 | €191,035 | €225,742 | +€34,707 | +18.2% |
| Fixed assets | 21/28 | €66,522 | €40,418 | -€26,104 | -39.2% |
| Tangible fixed assets | 22/27 | €61,872 | €35,768 | -€26,104 | -42.2% |
| Land and buildings | 22 | €787 | €590 | -€197 | -25.0% |
| Plant, machinery and equipment | 23 | €27,140 | €18,174 | -€8,965 | -33.0% |
| Furniture and vehicles | 24 | €33,946 | €17,004 | -€16,942 | -49.9% |
| Financial fixed assets | 28 | €4,650 | €4,650 | = | 0.0% |
| Current assets | 29/58 | €124,513 | €185,324 | +€60,811 | +48.8% |
| Stocks and contracts in progress | 3 | €21,166 | €23,416 | +€2,250 | +10.6% |
| Stocks | 30/36 | €21,166 | €23,416 | +€2,250 | +10.6% |
| Amounts receivable within one year | 40/41 | €9,791 | €5,088 | -€4,703 | -48.0% |
| Trade receivables | 40 | €2,489 | €1,629 | -€859 | -34.5% |
| Other amounts receivable | 41 | €7,302 | €3,459 | -€3,844 | -52.6% |
| Cash at bank and in hand | 54/58 | €91,889 | €155,156 | +€63,267 | +68.9% |
| Deferred charges and accrued income | 490/1 | €1,667 | €1,664 | -€3 | -0.2% |
| Total equity and liabilities | 10/49 | €191,035 | €225,742 | +€34,707 | +18.2% |
| Equity | 10/15 | €106,862 | €132,816 | +€25,955 | +24.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,262 | €114,216 | +€25,955 | +29.4% |
| Distributable reserves | 133 | €88,262 | €114,216 | +€25,955 | +29.4% |
| Amounts payable | 17/49 | €84,173 | €92,926 | +€8,752 | +10.4% |
| Amounts payable within one year | 42/48 | €84,173 | €92,926 | +€8,752 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €13,710 | - | -€13,710 | |
| Trade debts | 44 | €12,386 | €10,180 | -€2,206 | -17.8% |
| Suppliers | 440/4 | €12,386 | €10,180 | -€2,206 | -17.8% |
| Taxes, remuneration and social security | 45 | €30,669 | €46,246 | +€15,577 | +50.8% |
| Taxes | 450/3 | €4,768 | €19,430 | +€14,662 | +307.5% |
| Remuneration and social security | 454/9 | €25,900 | €26,816 | +€915 | +3.5% |
| Other amounts payable | 47/48 | €27,408 | €36,500 | +€9,091 | +33.2% |
| Remuneration, social security and pensions | 62 | €113,132 | €80,728 | -€32,404 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,482 | €26,104 | -€29,378 | -53.0% |
| Other operating charges | 640/8 | €4,764 | €2,590 | -€2,174 | -45.6% |
| Gross operating margin | 9900 | €188,048 | €153,879 | -€34,169 | -18.2% |
| Operating profit (loss) | 9901 | €14,669 | €44,457 | +€29,788 | +203.1% |
| Financial income | 75/76B | €17 | €3 | -€14 | -84.4% |
| Recurring financial income | 75 | €17 | €3 | -€14 | -84.4% |
| Financial charges | 65/66B | €1,457 | €834 | -€623 | -42.7% |
| Recurring financial charges | 65 | €1,457 | €834 | -€623 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €13,229 | €43,625 | +€30,396 | +229.8% |
| Income taxes | 67/77 | €4,297 | €16,004 | +€11,707 | +272.4% |
| Profit (loss) for the period | 9904 | €8,931 | €27,621 | +€18,690 | +209.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,931 | €27,621 | +€18,690 | +209.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.