CATGA: 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.
CATGA
Largest movements
- Stocks and contracts +€54,022
up €54,022 (+57.8%), from €93,470 to €147,491
- Receivables within one year +€40,461
up €40,461 (+26.3%), from €153,765 to €194,225
- Intangible fixed assets -€36,400
down €36,400 (-24.1%), from €150,800 to €114,400
- Cash +€16,830
up €16,830 (+23.4%), from €72,039 to €88,869
mainly Net result for the year (+€98,127) and Depreciation (+€62,183)
- Tangible fixed assets -€16,379
down €16,379 (-20.9%), from €78,313 to €61,935
of which Other tangible fixed assets: -€12,343
- Debts after one year -€102,802
down €102,802 (-43.5%), from €236,528 to €133,725
of which Financial debts: -€93,486
- Reserves +€90,929
new in 2025: €90,929
- Tax, wage and social debts +€32,454
up €32,454 (+129.5%), from €25,069 to €57,523
of which Taxes: +€24,954
- Trade debts +€22,839
up €22,839 (+54.0%), from €42,325 to €65,164
- Other debts +€21,250
new in 2025: €21,250
- Gross operating margin +€148,566
up €148,566 (+166.0%), from €89,481 to €238,048
- Taxes +€30,722
up €30,722 (+8742.7%), from €351 to €31,073
- Write-downs -€13,935
down €13,935 (-99.0%), from €14,077 to €142
- Staff costs +€11,563
up €11,563 (+35.7%), from €32,378 to €43,941
- Other operating charges -€9,599
down €9,599 (-87.9%), from €10,919 to €1,320
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 | €548,387 | €612,936 | +€64,550 | +11.8% |
| Fixed assets | 21/28 | €229,113 | €176,335 | -€52,779 | -23.0% |
| Intangible fixed assets | 21 | €150,800 | €114,400 | -€36,400 | -24.1% |
| Tangible fixed assets | 22/27 | €78,313 | €61,935 | -€16,379 | -20.9% |
| Land and buildings | 22 | €1,064 | €956 | -€107 | -10.1% |
| Plant, machinery and equipment | 23 | €10,233 | €10,700 | +€467 | +4.6% |
| Furniture and vehicles | 24 | €26,279 | €21,884 | -€4,395 | -16.7% |
| Other tangible fixed assets | 26 | €40,737 | €28,394 | -€12,343 | -30.3% |
| Current assets | 29/58 | €319,273 | €436,602 | +€117,328 | +36.7% |
| Stocks and contracts in progress | 3 | €93,470 | €147,491 | +€54,022 | +57.8% |
| Stocks | 30/36 | €93,470 | €147,491 | +€54,022 | +57.8% |
| Amounts receivable within one year | 40/41 | €153,765 | €194,225 | +€40,461 | +26.3% |
| Trade receivables | 40 | €153,765 | €194,225 | +€40,461 | +26.3% |
| Cash at bank and in hand | 54/58 | €72,039 | €88,869 | +€16,830 | +23.4% |
| Deferred charges and accrued income | 490/1 | - | €6,016 | +€6,016 | |
| Total equity and liabilities | 10/49 | €548,387 | €612,936 | +€64,550 | +11.8% |
| Equity | 10/15 | €27,802 | €100,929 | +€73,127 | +263.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €90,929 | +€90,929 | |
| Distributable reserves | 133 | - | €90,929 | +€90,929 | |
| Profit (loss) carried forward | 14 | €17,802 | - | -€17,802 | |
| Amounts payable | 17/49 | €520,584 | €512,007 | -€8,577 | -1.6% |
| Amounts payable after more than one year | 17 | €236,528 | €133,725 | -€102,802 | -43.5% |
| Financial debts | 170/4 | €199,662 | €106,176 | -€93,486 | -46.8% |
| Other amounts payable | 178/9 | €36,866 | €27,549 | -€9,317 | -25.3% |
| Amounts payable within one year | 42/48 | €284,057 | €362,422 | +€78,365 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €91,663 | €93,486 | +€1,823 | +2.0% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €42,325 | €65,164 | +€22,839 | +54.0% |
| Suppliers | 440/4 | €42,325 | €65,164 | +€22,839 | +54.0% |
| Taxes, remuneration and social security | 45 | €25,069 | €57,523 | +€32,454 | +129.5% |
| Taxes | 450/3 | €23,326 | €48,280 | +€24,954 | +107.0% |
| Remuneration and social security | 454/9 | €1,743 | €9,243 | +€7,499 | +430.2% |
| Other amounts payable | 47/48 | - | €21,250 | +€21,250 | |
| Accrued charges and deferred income | 492/3 | - | €15,859 | +€15,859 | |
| Remuneration, social security and pensions | 62 | €32,378 | €43,941 | +€11,563 | +35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,185 | €62,183 | +€2,998 | +5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,077 | €142 | -€13,935 | -99.0% |
| Other operating charges | 640/8 | €10,919 | €1,320 | -€9,599 | -87.9% |
| Gross operating margin | 9900 | €89,481 | €238,048 | +€148,566 | +166.0% |
| Operating profit (loss) | 9901 | -€27,077 | €130,462 | +€157,540 | |
| Financial income | 75/76B | €13,402 | €12,177 | -€1,225 | -9.1% |
| Recurring financial income | 75 | €13,402 | €12,177 | -€1,225 | -9.1% |
| Financial charges | 65/66B | €16,053 | €13,438 | -€2,615 | -16.3% |
| Recurring financial charges | 65 | €16,053 | €13,438 | -€2,615 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€29,728 | €129,201 | +€158,929 | |
| Income taxes | 67/77 | €351 | €31,073 | +€30,722 | +8742.7% |
| Profit (loss) for the period | 9904 | -€30,080 | €98,127 | +€128,207 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,080 | €98,127 | +€128,207 |
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 6 October 2026 via checked.be.