CATHANA: 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.
CATHANA
Largest movements
- Receivables within one year +€148,510
up €148,510 (+13.4%), from €1.1m to €1.3m
of which Trade receivables: +€83,930
- Profit (loss) carried forward +€355,249
up €355,249 (+18.6%), from €1.9m to €2.3m
- Other debts -€154,855
down €154,855 (-68.7%), from €225,349 to €70,495
- Current portion of long-term debt -€57,933
down €57,933 (-85.8%), from €67,528 to €9,595
- Financial income -€286,854
down €286,854 (-48.5%), from €591,332 to €304,478
- Gross operating margin +€29,932
up €29,932 (+20.9%), from €143,266 to €173,198
- Taxes +€4,774
up €4,774 (+45.7%), from €10,445 to €15,219
- Depreciation +€4,584
up €4,584 (+304.8%), from €1,504 to €6,088
- Staff costs +€4,209
up €4,209 (+4.7%), from €88,937 to €93,146
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 | €2,533,176 | €2,682,179 | +€149,002 | +5.9% |
| Fixed assets | 21/28 | €1,391,648 | €1,390,810 | -€838 | -0.1% |
| Tangible fixed assets | 22/27 | €28,358 | €22,270 | -€6,088 | -21.5% |
| Plant, machinery and equipment | 23 | €2,822 | €2,089 | -€734 | -26.0% |
| Furniture and vehicles | 24 | €25,535 | €20,181 | -€5,354 | -21.0% |
| Financial fixed assets | 28 | €1,363,290 | €1,368,540 | +€5,250 | +0.4% |
| Current assets | 29/58 | €1,141,529 | €1,291,369 | +€149,840 | +13.1% |
| Amounts receivable within one year | 40/41 | €1,106,131 | €1,254,640 | +€148,510 | +13.4% |
| Trade receivables | 40 | €351,186 | €435,116 | +€83,930 | +23.9% |
| Other amounts receivable | 41 | €754,945 | €819,525 | +€64,580 | +8.6% |
| Cash at bank and in hand | 54/58 | €28,229 | €30,960 | +€2,732 | +9.7% |
| Deferred charges and accrued income | 490/1 | €7,169 | €5,769 | -€1,401 | -19.5% |
| Total equity and liabilities | 10/49 | €2,533,176 | €2,682,179 | +€149,002 | +5.9% |
| Equity | 10/15 | €2,122,336 | €2,477,585 | +€355,249 | +16.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €16,904 | €16,904 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,904 | €16,904 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,904 | €16,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,905,432 | €2,260,681 | +€355,249 | +18.6% |
| Amounts payable | 17/49 | €410,841 | €204,594 | -€206,247 | -50.2% |
| Amounts payable after more than one year | 17 | €14,962 | €11,235 | -€3,727 | -24.9% |
| Financial debts | 170/4 | €14,962 | €11,235 | -€3,727 | -24.9% |
| Amounts payable within one year | 42/48 | €395,879 | €193,359 | -€202,520 | -51.2% |
| Current portion of amounts payable after more than one year | 42 | €67,528 | €9,595 | -€57,933 | -85.8% |
| Trade debts | 44 | €87,613 | €92,118 | +€4,505 | +5.1% |
| Suppliers | 440/4 | €87,613 | €92,118 | +€4,505 | +5.1% |
| Taxes, remuneration and social security | 45 | €15,389 | €21,152 | +€5,762 | +37.4% |
| Taxes | 450/3 | €2,912 | €7,845 | +€4,933 | +169.4% |
| Remuneration and social security | 454/9 | €12,478 | €13,306 | +€829 | +6.6% |
| Other amounts payable | 47/48 | €225,349 | €70,495 | -€154,855 | -68.7% |
| Remuneration, social security and pensions | 62 | €88,937 | €93,146 | +€4,209 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,504 | €6,088 | +€4,584 | +304.8% |
| Other operating charges | 640/8 | €1,687 | €1,678 | -€10 | -0.6% |
| Gross operating margin | 9900 | €143,266 | €173,198 | +€29,932 | +20.9% |
| Operating profit (loss) | 9901 | €51,138 | €72,287 | +€21,148 | +41.4% |
| Financial income | 75/76B | €591,332 | €304,478 | -€286,854 | -48.5% |
| Recurring financial income | 75 | €591,332 | €304,478 | -€286,854 | -48.5% |
| Financial charges | 65/66B | €4,147 | €6,297 | +€2,150 | +51.9% |
| Recurring financial charges | 65 | €4,147 | €6,297 | +€2,150 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €638,324 | €370,468 | -€267,856 | -42.0% |
| Income taxes | 67/77 | €10,445 | €15,219 | +€4,774 | +45.7% |
| Profit (loss) for the period | 9904 | €627,879 | €355,249 | -€272,630 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €627,879 | €355,249 | -€272,630 | -43.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.