CATEG: 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.
CATEG
Largest movements
- Stocks and contracts +€357,659
up €357,659 (+27.2%), from €1.3m to €1.7m
- Short-term financial debts +€344,000
up €344,000 (+76.4%), from €450,000 to €794,000
- Trade debts +€25,432
up €25,432 (+501%), from €5,075 to €30,507
- Gross operating margin +€25,143
up €25,143 (+58.1%), from €43,263 to €68,406
- Financial income -€4,487
down €4,487 (-70.6%), from €6,351 to €1,864
- Taxes +€4,297
up €4,297 (+191%), from €2,247 to €6,544
- Financial charges +€3,748
up €3,748 (+14.8%), from €25,332 to €29,081
- Other operating charges -€2,879
down €2,879 (-22.2%), from €12,990 to €10,111
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.
Derived cash bridge
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 | €2,141,112 | €2,522,350 | +€381,237 | +17.8% |
| Fixed assets | 21/28 | €815,391 | €812,648 | -€2,742 | -0.3% |
| Tangible fixed assets | 22/27 | €815,391 | €812,648 | -€2,742 | -0.3% |
| Land and buildings | 22 | €815,391 | €800,330 | -€15,061 | -1.8% |
| Plant, machinery and equipment | 23 | - | €12,318 | +€12,318 | |
| Current assets | 29/58 | €1,325,722 | €1,709,701 | +€383,980 | +29.0% |
| Stocks and contracts in progress | 3 | €1,313,651 | €1,671,309 | +€357,659 | +27.2% |
| Stocks | 30/36 | €1,313,651 | €1,671,309 | +€357,659 | +27.2% |
| Amounts receivable within one year | 40/41 | - | €1,456 | +€1,456 | |
| Other amounts receivable | 41 | - | €1,456 | +€1,456 | |
| Cash at bank and in hand | 54/58 | €560 | €16,848 | +€16,287 | +2,907% |
| Deferred charges and accrued income | 490/1 | €11,511 | €20,088 | +€8,578 | +74.5% |
| Total equity and liabilities | 10/49 | €2,141,112 | €2,522,350 | +€381,237 | +17.8% |
| Equity | 10/15 | €1,647,076 | €1,655,560 | +€8,484 | +0.5% |
| Contributions | 10/11 | €426,100 | €426,100 | = | 0.0% |
| Reserves | 13 | €1,220,976 | €1,229,460 | +€8,484 | +0.7% |
| Tax-exempt reserves | 132 | €76,705 | €66,180 | -€10,525 | -13.7% |
| Distributable reserves | 133 | €1,144,271 | €1,163,280 | +€19,009 | +1.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €494,036 | €866,789 | +€372,753 | +75.5% |
| Amounts payable within one year | 42/48 | €494,036 | €866,789 | +€372,753 | +75.5% |
| Financial debts | 43 | €450,000 | €794,000 | +€344,000 | +76.4% |
| Credit institutions | 430/8 | €450,000 | €794,000 | +€344,000 | +76.4% |
| Trade debts | 44 | €5,075 | €30,507 | +€25,432 | +501% |
| Suppliers | 440/4 | €5,075 | €30,507 | +€25,432 | +501% |
| Taxes, remuneration and social security | 45 | €654 | €0 | -€654 | -100% |
| Taxes | 450/3 | €654 | €0 | -€654 | -100% |
| Other amounts payable | 47/48 | €38,307 | €42,283 | +€3,975 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,061 | €15,218 | +€157 | +1.0% |
| Other operating charges | 640/8 | €12,990 | €10,111 | -€2,879 | -22.2% |
| Gross operating margin | 9900 | €43,263 | €68,406 | +€25,143 | +58.1% |
| Operating profit (loss) | 9901 | €15,212 | €43,077 | +€27,865 | +183% |
| Financial income | 75/76B | €6,351 | €1,864 | -€4,487 | -70.6% |
| Recurring financial income | 75 | €6,351 | €1,864 | -€4,487 | -70.6% |
| Financial charges | 65/66B | €25,332 | €29,081 | +€3,748 | +14.8% |
| Recurring financial charges | 65 | €25,332 | €29,081 | +€3,748 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,768 | €15,861 | +€19,629 | |
| Income taxes | 67/77 | €2,247 | €6,544 | +€4,297 | +191% |
| Profit (loss) for the period | 9904 | -€6,016 | €9,317 | +€15,332 | |
| Transfer from tax-exempt reserves | 789 | €28,487 | €56,835 | +€28,348 | +99.5% |
| Transfer to tax-exempt reserves | 689 | - | €46,310 | +€46,310 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,472 | €19,842 | -€2,630 | -11.7% |
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 14 October 2026 via checked.be.