Catfield: 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.
What changed
Catfield
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€536,275
2024 · €511,072+€25,204
Equity
€6.9m
2024 · €6.7m+€238,275
Cash
€2.3m
2024 · €2.4m-€71,921
Balance sheet total
€7.4m
2024 · €7.0m+€480,102
Largest movements
Assets
- Current investments +€951,750
up €951,750 (+45.9%), from €2.1m to €3.0m
- Receivables after one year -€135,353
down €135,353 (-54.1%), from €250,000 to €114,647
- Receivables within one year -€102,657
down €102,657 (-20.2%), from €507,590 to €404,933
of which Trade receivables: -€66,756
- Tangible fixed assets -€101,176
down €101,176 (-8.5%), from €1.2m to €1.1m
of which Land and buildings: -€71,697
Equity and liabilities
- Other debts +€243,271
up €243,271 (+158%), from €153,732 to €397,003
- Reserves +€236,265
up €236,265 (+3.6%), from €6.6m to €6.9m
of which Distributable reserves: +€681,966
Income statement
- Taxes +€79,806
up €79,806 (+33.0%), from €242,012 to €321,818
- Financial income +€61,778
up €61,778 (+76.1%), from €81,212 to €142,989
- Gross operating margin +€56,224
up €56,224 (+6.5%), from €859,570 to €915,794
- Financial charges +€22,867
up €22,867 (+196%), from €11,654 to €34,521
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.
Result 2024
€511,072
Gross operating margin
+€56,224
Depreciation
+€1,474
Other operating charges
+€6,316
Other operating items
+€2,085
Financial income
+€61,778
Financial charges
-€22,867
Taxes
-€79,806
Result 2025
€536,275
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
-€959,690
Financing
-€298,000
Cash 2024
€2.4m
From operations (derived)
+€1.2m
Net result for the year
+€536,275
Depreciation
+€119,082
Receivables after one year
+€135,353
Receivables within one year
+€102,657
Deferred charges and accrued income
+€50,575
Trade debts
-€3,499
Tax, wage and social debts
+€6,825
Other debts
+€243,271
Accrued charges and deferred income
-€4,769
Investment (derived)
-€959,690
Investment in fixed assets (net)
-€7,940
Current investments
-€951,750
Financing
-€298,000
Contributions, distributions and other
-€298,000
Cash 2025
€2.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,960,656 | €7,440,758 | +€480,102 | +6.9% |
| Fixed assets | 21/28 | €1,584,413 | €1,473,271 | -€111,142 | -7.0% |
| Intangible fixed assets | 21 | €89,694 | €79,728 | -€9,966 | -11.1% |
| Tangible fixed assets | 22/27 | €1,194,719 | €1,093,543 | -€101,176 | -8.5% |
| Land and buildings | 22 | €1,114,989 | €1,043,291 | -€71,697 | -6.4% |
| Plant, machinery and equipment | 23 | €2,817 | €4,867 | +€2,049 | +72.7% |
| Furniture and vehicles | 24 | €76,913 | €45,385 | -€31,527 | -41.0% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €5,376,243 | €5,967,487 | +€591,244 | +11.0% |
| Amounts receivable after more than one year | 29 | €250,000 | €114,647 | -€135,353 | -54.1% |
| Other amounts receivable | 291 | €250,000 | €114,647 | -€135,353 | -54.1% |
| Amounts receivable within one year | 40/41 | €507,590 | €404,933 | -€102,657 | -20.2% |
| Trade receivables | 40 | €66,756 | €0 | -€66,756 | -100% |
| Other amounts receivable | 41 | €440,833 | €404,933 | -€35,900 | -8.1% |
| Current investments | 50/53 | €2,071,712 | €3,023,462 | +€951,750 | +45.9% |
| Cash at bank and in hand | 54/58 | €2,412,811 | €2,340,890 | -€71,921 | -3.0% |
| Deferred charges and accrued income | 490/1 | €134,131 | €83,556 | -€50,575 | -37.7% |
| Total equity and liabilities | 10/49 | €6,960,656 | €7,440,758 | +€480,102 | +6.9% |
| Equity | 10/15 | €6,652,044 | €6,890,320 | +€238,275 | +3.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €6,635,560 | €6,871,825 | +€236,265 | +3.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,214,034 | €768,333 | -€445,701 | -36.7% |
| Distributable reserves | 133 | €5,421,526 | €6,103,492 | +€681,966 | +12.6% |
| Profit (loss) carried forward | 14 | €4,084 | €6,095 | +€2,010 | +49.2% |
| Amounts payable | 17/49 | €308,612 | €550,439 | +€241,827 | +78.4% |
| Amounts payable within one year | 42/48 | €303,786 | €550,383 | +€246,596 | +81.2% |
| Trade debts | 44 | €7,060 | €3,561 | -€3,499 | -49.6% |
| Suppliers | 440/4 | €7,060 | €3,561 | -€3,499 | -49.6% |
| Taxes, remuneration and social security | 45 | €142,994 | €149,819 | +€6,825 | +4.8% |
| Taxes | 450/3 | €138,146 | €144,933 | +€6,787 | +4.9% |
| Remuneration and social security | 454/9 | €4,848 | €4,886 | +€38 | +0.8% |
| Other amounts payable | 47/48 | €153,732 | €397,003 | +€243,271 | +158% |
| Accrued charges and deferred income | 492/3 | €4,825 | €56 | -€4,769 | -98.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,556 | €119,082 | -€1,474 | -1.2% |
| Other operating charges | 640/8 | €17,273 | €10,956 | -€6,316 | -36.6% |
| Non-recurring operating charges | 66A | €38,216 | €36,131 | -€2,085 | -5.5% |
| Gross operating margin | 9900 | €859,570 | €915,794 | +€56,224 | +6.5% |
| Operating profit (loss) | 9901 | €683,526 | €749,625 | +€66,099 | +9.7% |
| Financial income | 75/76B | €81,212 | €142,989 | +€61,778 | +76.1% |
| Recurring financial income | 75 | €81,212 | €142,989 | +€61,778 | +76.1% |
| Financial charges | 65/66B | €11,654 | €34,521 | +€22,867 | +196% |
| Recurring financial charges | 65 | €11,654 | €34,521 | +€22,867 | +196% |
| Profit (loss) for the period before taxes | 9903 | €753,084 | €858,094 | +€105,010 | +13.9% |
| Income taxes | 67/77 | €242,012 | €321,818 | +€79,806 | +33.0% |
| Profit (loss) for the period | 9904 | €511,072 | €536,275 | +€25,204 | +4.9% |
| Transfer from tax-exempt reserves | 789 | €220,720 | €435,735 | +€215,015 | +97.4% |
| Transfer to tax-exempt reserves | 689 | €352,260 | €0 | -€352,260 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €379,532 | €972,010 | +€592,478 | +156% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.