CATEG CONSTRUCT: 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.
CATEG CONSTRUCT
Largest movements
- Stocks and contracts -€340,593
down €340,593 (-58.4%), from €583,018 to €242,425
of which Contracts in progress: -€340,450
- Cash +€232,721
up €232,721 (+82.8%), from €280,997 to €513,719
mainly Stocks and contracts (+€340,593) and Other debts (+€28,357)
- Tangible fixed assets -€10,752
down €10,752 (-28.2%), from €38,155 to €27,403
of which Furniture and vehicles: -€6,810
- Short-term financial debts -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Reserves +€60,487
up €60,487 (+7.7%), from €785,192 to €845,679
of which Tax-exempt reserves: +€60,487
- Trade debts -€50,844
down €50,844 (-86.6%), from €58,694 to €7,850
- Profit (loss) carried forward -€40,492
new in 2025: -€40,492
- Other debts +€28,357
up €28,357 (+410.7%), from €6,904 to €35,261
- Gross operating margin +€13,404
up €13,404 (+19.8%), from €67,563 to €80,966
- Other operating charges +€11,288
up €11,288 (+299.7%), from €3,767 to €15,054
- Financial income +€6,117
up €6,117 (+1276.1%), from €479 to €6,597
- Staff costs +€4,695
up €4,695 (+15.6%), from €30,071 to €34,767
- Taxes -€3,002
down €3,002 (-47.6%), from €6,310 to €3,309
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 | €998,727 | €882,370 | -€116,357 | -11.7% |
| Fixed assets | 21/28 | €42,555 | €31,803 | -€10,752 | -25.3% |
| Tangible fixed assets | 22/27 | €38,155 | €27,403 | -€10,752 | -28.2% |
| Plant, machinery and equipment | 23 | €22,341 | €18,399 | -€3,942 | -17.6% |
| Furniture and vehicles | 24 | €15,814 | €9,003 | -€6,810 | -43.1% |
| Financial fixed assets | 28 | €4,400 | €4,400 | = | 0.0% |
| Current assets | 29/58 | €956,172 | €850,567 | -€105,605 | -11.0% |
| Stocks and contracts in progress | 3 | €583,018 | €242,425 | -€340,593 | -58.4% |
| Stocks | 30/36 | €72,968 | €72,825 | -€143 | -0.2% |
| Contracts in progress | 37 | €510,050 | €169,600 | -€340,450 | -66.7% |
| Amounts receivable within one year | 40/41 | €63,078 | €67,271 | +€4,193 | +6.6% |
| Trade receivables | 40 | - | €18,060 | +€18,060 | |
| Other amounts receivable | 41 | €63,078 | €49,211 | -€13,867 | -22.0% |
| Cash at bank and in hand | 54/58 | €280,997 | €513,719 | +€232,721 | +82.8% |
| Deferred charges and accrued income | 490/1 | €29,079 | €27,152 | -€1,927 | -6.6% |
| Total equity and liabilities | 10/49 | €998,727 | €882,370 | -€116,357 | -11.7% |
| Equity | 10/15 | €785,292 | €805,287 | +€19,995 | +2.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €785,192 | €845,679 | +€60,487 | +7.7% |
| Tax-exempt reserves | 132 | €50,520 | €111,007 | +€60,487 | +119.7% |
| Distributable reserves | 133 | €734,672 | €734,672 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€40,492 | -€40,492 | |
| Amounts payable | 17/49 | €213,435 | €77,083 | -€136,352 | -63.9% |
| Amounts payable within one year | 42/48 | €213,435 | €75,590 | -€137,845 | -64.6% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100.0% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100.0% |
| Trade debts | 44 | €58,694 | €7,850 | -€50,844 | -86.6% |
| Suppliers | 440/4 | €58,694 | €7,850 | -€50,844 | -86.6% |
| Taxes, remuneration and social security | 45 | €47,837 | €32,479 | -€15,358 | -32.1% |
| Taxes | 450/3 | €43,640 | €27,707 | -€15,933 | -36.5% |
| Remuneration and social security | 454/9 | €4,197 | €4,772 | +€575 | +13.7% |
| Other amounts payable | 47/48 | €6,904 | €35,261 | +€28,357 | +410.7% |
| Accrued charges and deferred income | 492/3 | - | €1,493 | +€1,493 | |
| Non-recurring operating income | 76A | €43,056 | €2,071 | -€40,986 | -95.2% |
| Remuneration, social security and pensions | 62 | €30,071 | €34,767 | +€4,695 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,743 | €9,233 | -€510 | -5.2% |
| Other operating charges | 640/8 | €3,767 | €15,054 | +€11,288 | +299.7% |
| Gross operating margin | 9900 | €67,563 | €80,966 | +€13,404 | +19.8% |
| Operating profit (loss) | 9901 | €23,982 | €21,913 | -€2,069 | -8.6% |
| Financial income | 75/76B | €479 | €6,597 | +€6,117 | +1276.1% |
| Recurring financial income | 75 | €479 | €6,597 | +€6,117 | +1276.1% |
| Financial charges | 65/66B | €7,338 | €5,206 | -€2,132 | -29.1% |
| Recurring financial charges | 65 | €7,338 | €5,206 | -€2,132 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €17,124 | €23,303 | +€6,180 | +36.1% |
| Income taxes | 67/77 | €6,310 | €3,309 | -€3,002 | -47.6% |
| Profit (loss) for the period | 9904 | €10,813 | €19,995 | +€9,181 | +84.9% |
| Transfer from tax-exempt reserves | 789 | - | €48,973 | +€48,973 | |
| Transfer to tax-exempt reserves | 689 | €4,210 | €109,460 | +€105,250 | +2500.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,603 | -€40,492 | -€47,095 |
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 7 October 2026 via checked.be.