Caterra: 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.
Caterra
Largest movements
- Stocks and contracts -€182,449
down €182,449 (-19.3%), from €946,163 to €763,714
- Tangible fixed assets -€41,944
down €41,944 (-6.9%), from €609,320 to €567,376
- Cash -€21,594
down €21,594 (-8.4%), from €258,345 to €236,751
mainly Short-term financial debts (-€190,000) and Debts after one year (-€70,000)
- Short-term financial debts -€190,000
down €190,000 (-54.3%), from €350,000 to €160,000
- Debts after one year -€70,000
down €70,000 (-23.5%), from €297,500 to €227,500
of which Financial debts: -€70,000
- Other debts +€50,000
up €50,000, from €0 to €50,000
- Trade debts -€38,000
down €38,000 (-99.2%), from €38,324 to €324
- Gross operating margin -€177,907
down €177,907 (-68.2%), from €260,936 to €83,029
- Taxes -€44,094
down €44,094 (-90.6%), from €48,650 to €4,555
- Financial charges -€7,507
down €7,507 (-46.8%), from €16,038 to €8,531
- Depreciation +€4,823
up €4,823 (+9.1%), from €53,176 to €57,999
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,974,293 | €1,735,157 | -€239,135 | -12.1% |
| Fixed assets | 21/28 | €638,820 | €596,876 | -€41,944 | -6.6% |
| Tangible fixed assets | 22/27 | €609,320 | €567,376 | -€41,944 | -6.9% |
| Land and buildings | 22 | €609,320 | €567,376 | -€41,944 | -6.9% |
| Financial fixed assets | 28 | €29,500 | €29,500 | = | 0.0% |
| Current assets | 29/58 | €1,335,473 | €1,138,281 | -€197,192 | -14.8% |
| Stocks and contracts in progress | 3 | €946,163 | €763,714 | -€182,449 | -19.3% |
| Stocks | 30/36 | €946,163 | €763,714 | -€182,449 | -19.3% |
| Amounts receivable within one year | 40/41 | €130,764 | €137,817 | +€7,052 | +5.4% |
| Trade receivables | 40 | €408 | €18,021 | +€17,613 | +4,318% |
| Other amounts receivable | 41 | €130,357 | €119,796 | -€10,561 | -8.1% |
| Cash at bank and in hand | 54/58 | €258,345 | €236,751 | -€21,594 | -8.4% |
| Deferred charges and accrued income | 490/1 | €201 | €0 | -€201 | -100% |
| Total equity and liabilities | 10/49 | €1,974,293 | €1,735,157 | -€239,135 | -12.1% |
| Equity | 10/15 | €1,190,878 | €1,197,745 | +€6,867 | +0.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,128,905 | €1,135,772 | +€6,867 | +0.6% |
| Tax-exempt reserves | 132 | €125,028 | €119,410 | -€5,618 | -4.5% |
| Distributable reserves | 133 | €1,003,877 | €1,016,362 | +€12,485 | +1.2% |
| Provisions and deferred taxes | 16 | €24,676 | €22,803 | -€1,873 | -7.6% |
| Deferred taxes | 168 | €24,676 | €22,803 | -€1,873 | -7.6% |
| Amounts payable | 17/49 | €758,739 | €514,609 | -€244,130 | -32.2% |
| Amounts payable after more than one year | 17 | €297,500 | €227,500 | -€70,000 | -23.5% |
| Financial debts | 170/4 | €297,500 | €227,500 | -€70,000 | -23.5% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €461,238 | €287,109 | -€174,130 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €70,000 | €70,000 | = | 0.0% |
| Financial debts | 43 | €350,000 | €160,000 | -€190,000 | -54.3% |
| Credit institutions | 430/8 | €350,000 | €160,000 | -€190,000 | -54.3% |
| Trade debts | 44 | €38,324 | €324 | -€38,000 | -99.2% |
| Suppliers | 440/4 | €38,324 | €324 | -€38,000 | -99.2% |
| Taxes, remuneration and social security | 45 | €2,914 | €6,785 | +€3,871 | +133% |
| Taxes | 450/3 | €2,914 | €6,785 | +€3,871 | +133% |
| Other amounts payable | 47/48 | €0 | €50,000 | +€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,176 | €57,999 | +€4,823 | +9.1% |
| Other operating charges | 640/8 | €7,297 | €7,654 | +€356 | +4.9% |
| Gross operating margin | 9900 | €260,936 | €83,029 | -€177,907 | -68.2% |
| Operating profit (loss) | 9901 | €200,463 | €17,376 | -€183,087 | -91.3% |
| Financial income | 75/76B | - | €704 | +€704 | |
| Recurring financial income | 75 | - | €704 | +€704 | |
| Financial charges | 65/66B | €16,038 | €8,531 | -€7,507 | -46.8% |
| Recurring financial charges | 65 | €16,038 | €8,531 | -€7,507 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €184,425 | €9,550 | -€174,876 | -94.8% |
| Transfer from deferred taxes | 780 | €2,543 | €1,873 | -€670 | -26.4% |
| Income taxes | 67/77 | €48,650 | €4,555 | -€44,094 | -90.6% |
| Profit (loss) for the period | 9904 | €138,319 | €6,867 | -€131,452 | -95.0% |
| Transfer from tax-exempt reserves | 789 | €7,629 | €5,618 | -€2,011 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €145,949 | €12,485 | -€133,463 | -91.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.