CATECH: 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.
CATECH
Largest movements
- Stocks and contracts -€79,958
down €79,958 (-39.4%), from €202,867 to €122,908
of which Contracts in progress: -€78,000
- Tangible fixed assets -€33,169
down €33,169 (-10.1%), from €329,858 to €296,689
- Receivables within one year +€17,186
up €17,186 (+24.1%), from €71,378 to €88,565
of which Trade receivables: +€24,493
- Current portion of long-term debt -€43,369
down €43,369 (-59.3%), from €73,159 to €29,790
- Trade debts -€42,692
down €42,692 (-70.0%), from €61,002 to €18,310
- Other debts +€30,809
up €30,809 (+20.1%), from €152,930 to €183,739
- Debts after one year -€29,790
down €29,790 (-74.7%), from €39,906 to €10,116
- Tax, wage and social debts -€14,852
down €14,852 (-31.5%), from €47,106 to €32,254
of which Taxes: -€9,119
- Gross operating margin -€73,284
down €73,284 (-49.0%), from €149,451 to €76,168
- Staff costs -€17,073
down €17,073 (-43.8%), from €38,940 to €21,868
- Depreciation -€6,372
down €6,372 (-15.4%), from €41,270 to €34,898
- Taxes -€4,798
down €4,798 (-93.3%), from €5,144 to €346
- Financial charges +€3,491
up €3,491 (+31.8%), from €10,994 to €14,486
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 | €773,754 | €674,581 | -€99,173 | -12.8% |
| Fixed assets | 21/28 | €334,358 | €301,189 | -€33,169 | -9.9% |
| Tangible fixed assets | 22/27 | €329,858 | €296,689 | -€33,169 | -10.1% |
| Land and buildings | 22 | €273,749 | €257,889 | -€15,860 | -5.8% |
| Plant, machinery and equipment | 23 | €49,984 | €36,752 | -€13,232 | -26.5% |
| Furniture and vehicles | 24 | €6,124 | €2,048 | -€4,077 | -66.6% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €439,396 | €373,392 | -€66,004 | -15.0% |
| Stocks and contracts in progress | 3 | €202,867 | €122,908 | -€79,958 | -39.4% |
| Stocks | 30/36 | €105,867 | €103,908 | -€1,958 | -1.8% |
| Contracts in progress | 37 | €97,000 | €19,000 | -€78,000 | -80.4% |
| Amounts receivable within one year | 40/41 | €71,378 | €88,565 | +€17,186 | +24.1% |
| Trade receivables | 40 | €64,046 | €88,539 | +€24,493 | +38.2% |
| Other amounts receivable | 41 | €7,332 | €26 | -€7,307 | -99.6% |
| Current investments | 50/53 | €115,226 | €118,611 | +€3,384 | +2.9% |
| Cash at bank and in hand | 54/58 | €46,943 | €40,275 | -€6,668 | -14.2% |
| Deferred charges and accrued income | 490/1 | €2,982 | €3,034 | +€52 | +1.7% |
| Total equity and liabilities | 10/49 | €773,754 | €674,581 | -€99,173 | -12.8% |
| Equity | 10/15 | €381,658 | €381,686 | +€28 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €363,058 | €363,086 | +€28 | 0.0% |
| Distributable reserves | 133 | €363,058 | €363,086 | +€28 | 0.0% |
| Amounts payable | 17/49 | €392,097 | €292,895 | -€99,201 | -25.3% |
| Amounts payable after more than one year | 17 | €39,906 | €10,116 | -€29,790 | -74.7% |
| Financial debts | 170/4 | €39,906 | €10,116 | -€29,790 | -74.7% |
| Amounts payable within one year | 42/48 | €334,197 | €264,093 | -€70,104 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €73,159 | €29,790 | -€43,369 | -59.3% |
| Trade debts | 44 | €61,002 | €18,310 | -€42,692 | -70.0% |
| Suppliers | 440/4 | €61,002 | €18,310 | -€42,692 | -70.0% |
| Taxes, remuneration and social security | 45 | €47,106 | €32,254 | -€14,852 | -31.5% |
| Taxes | 450/3 | €41,373 | €32,254 | -€9,119 | -22.0% |
| Remuneration and social security | 454/9 | €5,734 | €0 | -€5,734 | -100.0% |
| Other amounts payable | 47/48 | €152,930 | €183,739 | +€30,809 | +20.1% |
| Accrued charges and deferred income | 492/3 | €17,993 | €18,687 | +€693 | +3.9% |
| Remuneration, social security and pensions | 62 | €38,940 | €21,868 | -€17,073 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,270 | €34,898 | -€6,372 | -15.4% |
| Other operating charges | 640/8 | €5,891 | €5,942 | +€51 | +0.9% |
| Gross operating margin | 9900 | €149,451 | €76,168 | -€73,284 | -49.0% |
| Operating profit (loss) | 9901 | €63,350 | €13,460 | -€49,889 | -78.8% |
| Financial income | 75/76B | €633 | €1,399 | +€767 | +121.1% |
| Recurring financial income | 75 | €633 | €1,399 | +€767 | +121.1% |
| Financial charges | 65/66B | €10,994 | €14,486 | +€3,491 | +31.8% |
| Recurring financial charges | 65 | €10,994 | €14,486 | +€3,491 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €52,988 | €374 | -€52,614 | -99.3% |
| Income taxes | 67/77 | €5,144 | €346 | -€4,798 | -93.3% |
| Profit (loss) for the period | 9904 | €47,844 | €28 | -€47,816 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,844 | €28 | -€47,816 | -99.9% |
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 9 October 2026 via checked.be.