CATFIRST: 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.
CATFIRST
Largest movements
- Receivables within one year +€119,469
up €119,469 (+996.8%), from €11,985 to €131,454
of which Trade receivables: +€125,172
- Stocks and contracts -€18,450
down €18,450 (-20.2%), from €91,147 to €72,697
- Tangible fixed assets -€14,406
down €14,406 (-22.5%), from €64,110 to €49,704
of which Land and buildings: -€7,824
- Profit (loss) carried forward -€222,932
down €222,932 (-76.0%), from -€293,228 to -€516,160
- Tax, wage and social debts +€151,756
up €151,756 (+81.5%), from €186,165 to €337,921
of which Remuneration and social security: +€119,212
- Trade debts +€133,646
up €133,646 (+74.1%), from €180,472 to €314,118
of which Suppliers: +€162,996
- Other debts +€36,189
up €36,189 (+4110.3%), from €880 to €37,070
- Debts after one year +€15,416
up €15,416 (+43.5%), from €35,399 to €50,815
- Financial charges +€83,668
up €83,668 (+962.4%), from €8,694 to €92,361
- Gross operating margin -€74,898
down €74,898 (-23.0%), from €326,331 to €251,433
- Staff costs -€33,417
down €33,417 (-8.3%), from €402,536 to €369,119
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 | €182,127 | €266,365 | +€84,238 | +46.3% |
| Fixed assets | 21/28 | €64,830 | €50,424 | -€14,406 | -22.2% |
| Tangible fixed assets | 22/27 | €64,110 | €49,704 | -€14,406 | -22.5% |
| Land and buildings | 22 | €42,701 | €34,877 | -€7,824 | -18.3% |
| Plant, machinery and equipment | 23 | €1,867 | €2,044 | +€177 | +9.5% |
| Furniture and vehicles | 24 | €18,515 | €12,670 | -€5,844 | -31.6% |
| Other tangible fixed assets | 26 | €1,027 | €113 | -€914 | -89.0% |
| Financial fixed assets | 28 | €720 | €720 | = | 0.0% |
| Current assets | 29/58 | €117,297 | €215,941 | +€98,644 | +84.1% |
| Stocks and contracts in progress | 3 | €91,147 | €72,697 | -€18,450 | -20.2% |
| Stocks | 30/36 | €91,147 | €72,697 | -€18,450 | -20.2% |
| Amounts receivable within one year | 40/41 | €11,985 | €131,454 | +€119,469 | +996.8% |
| Trade receivables | 40 | €6,281 | €131,454 | +€125,172 | +1992.7% |
| Other amounts receivable | 41 | €5,704 | - | -€5,704 | |
| Cash at bank and in hand | 54/58 | €12,988 | €11,791 | -€1,197 | -9.2% |
| Deferred charges and accrued income | 490/1 | €1,177 | - | -€1,177 | |
| Total equity and liabilities | 10/49 | €182,127 | €266,365 | +€84,238 | +46.3% |
| Equity | 10/15 | -€287,028 | -€509,960 | -€222,932 | -77.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,228 | -€516,160 | -€222,932 | -76.0% |
| Amounts payable | 17/49 | €469,155 | €776,325 | +€307,170 | +65.5% |
| Amounts payable after more than one year | 17 | €35,399 | €50,815 | +€15,416 | +43.5% |
| Other amounts payable | 178/9 | €35,399 | €50,815 | +€15,416 | +43.5% |
| Amounts payable within one year | 42/48 | €433,756 | €725,061 | +€291,305 | +67.2% |
| Financial debts | 43 | €51,193 | €35,952 | -€15,241 | -29.8% |
| Credit institutions | 430/8 | €51,193 | €35,952 | -€15,241 | -29.8% |
| Trade debts | 44 | €180,472 | €314,118 | +€133,646 | +74.1% |
| Suppliers | 440/4 | €151,122 | €314,118 | +€162,996 | +107.9% |
| Bills of exchange payable | 441 | €29,350 | - | -€29,350 | |
| Advances received on contracts in progress | 46 | €15,046 | - | -€15,046 | |
| Taxes, remuneration and social security | 45 | €186,165 | €337,921 | +€151,756 | +81.5% |
| Taxes | 450/3 | €81,187 | €113,731 | +€32,544 | +40.1% |
| Remuneration and social security | 454/9 | €104,977 | €224,190 | +€119,212 | +113.6% |
| Other amounts payable | 47/48 | €880 | €37,070 | +€36,189 | +4110.3% |
| Accrued charges and deferred income | 492/3 | - | €450 | +€450 | |
| Remuneration, social security and pensions | 62 | €402,536 | €369,119 | -€33,417 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,108 | €17,597 | -€1,512 | -7.9% |
| Other operating charges | 640/8 | €1,939 | €1,538 | -€401 | -20.7% |
| Gross operating margin | 9900 | €326,331 | €251,433 | -€74,898 | -23.0% |
| Operating profit (loss) | 9901 | -€97,253 | -€136,821 | -€39,568 | -40.7% |
| Financial income | 75/76B | €3,989 | €6,250 | +€2,261 | +56.7% |
| Recurring financial income | 75 | €3,989 | €6,250 | +€2,261 | +56.7% |
| Financial charges | 65/66B | €8,694 | €92,361 | +€83,668 | +962.4% |
| Recurring financial charges | 65 | €8,694 | €92,361 | +€83,668 | +962.4% |
| Profit (loss) for the period before taxes | 9903 | -€101,957 | -€222,932 | -€120,975 | -118.7% |
| Income taxes | 67/77 | -€366 | - | +€366 | |
| Profit (loss) for the period | 9904 | -€101,591 | -€222,932 | -€121,342 | -119.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,591 | -€222,932 | -€121,342 | -119.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.