CATHARO: 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.
CATHARO
Largest movements
- Tangible fixed assets -€28,389
down €28,389 (-11.5%), from €246,569 to €218,180
of which Land and buildings: -€28,253
- Current investments +€20,000
new in 2025: €20,000
- Other debts +€39,060
up €39,060 (+14.1%), from €277,782 to €316,843
- Short-term financial debts -€30,255
down €30,255 (-37.0%), from €81,842 to €51,587
- Debts after one year -€10,448
down €10,448 (-1.4%), from €733,344 to €722,896
of which Financial debts: -€10,448
- Profit (loss) carried forward -€10,136
down €10,136 (-1.2%), from -€820,925 to -€831,061
- Gross operating margin +€54,546
up €54,546, from -€21,009 to €33,537
- Financial charges +€5,458
up €5,458 (+60.7%), from €8,986 to €14,443
- Other operating charges -€1,255
down €1,255 (-71.2%), from €1,762 to €507
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 | €337,810 | €327,716 | -€10,095 | -3.0% |
| Fixed assets | 21/28 | €246,569 | €218,180 | -€28,389 | -11.5% |
| Tangible fixed assets | 22/27 | €246,569 | €218,180 | -€28,389 | -11.5% |
| Land and buildings | 22 | €245,749 | €217,496 | -€28,253 | -11.5% |
| Plant, machinery and equipment | 23 | €370 | €342 | -€28 | -7.6% |
| Furniture and vehicles | 24 | €450 | €342 | -€108 | -24.0% |
| Current assets | 29/58 | €91,241 | €109,536 | +€18,295 | +20.1% |
| Amounts receivable within one year | 40/41 | €88,612 | €89,536 | +€924 | +1.0% |
| Other amounts receivable | 41 | €88,612 | €89,536 | +€924 | +1.0% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €2,629 | - | -€2,629 | |
| Total equity and liabilities | 10/49 | €337,810 | €327,716 | -€10,095 | -3.0% |
| Equity | 10/15 | -€770,925 | -€781,061 | -€10,136 | -1.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€820,925 | -€831,061 | -€10,136 | -1.2% |
| Amounts payable | 17/49 | €1,108,736 | €1,108,777 | +€41 | 0.0% |
| Amounts payable after more than one year | 17 | €733,344 | €722,896 | -€10,448 | -1.4% |
| Financial debts | 170/4 | €731,344 | €720,896 | -€10,448 | -1.4% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €375,392 | €385,881 | +€10,489 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €12,533 | €15,667 | +€3,133 | +25.0% |
| Financial debts | 43 | €81,842 | €51,587 | -€30,255 | -37.0% |
| Credit institutions | 430/8 | €81,842 | €51,587 | -€30,255 | -37.0% |
| Trade debts | 44 | €2,967 | €1,452 | -€1,515 | -51.1% |
| Suppliers | 440/4 | €2,967 | €1,452 | -€1,515 | -51.1% |
| Taxes, remuneration and social security | 45 | €267 | €332 | +€66 | +24.6% |
| Taxes | 450/3 | €267 | €332 | +€66 | +24.6% |
| Other amounts payable | 47/48 | €277,782 | €316,843 | +€39,060 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,365 | €28,389 | +€25 | +0.1% |
| Other operating charges | 640/8 | €1,762 | €507 | -€1,255 | -71.2% |
| Gross operating margin | 9900 | -€21,009 | €33,537 | +€54,546 | |
| Operating profit (loss) | 9901 | -€51,136 | €4,640 | +€55,776 | |
| Financial income | 75/76B | €63 | €0 | -€63 | -99.8% |
| Recurring financial income | 75 | €63 | €0 | -€63 | -99.8% |
| Financial charges | 65/66B | €8,986 | €14,443 | +€5,458 | +60.7% |
| Recurring financial charges | 65 | €8,986 | €14,443 | +€5,458 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | -€60,058 | -€9,803 | +€50,255 | +83.7% |
| Income taxes | 67/77 | €267 | €332 | +€66 | +24.6% |
| Profit (loss) for the period | 9904 | -€60,325 | -€10,136 | +€50,190 | +83.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,325 | -€10,136 | +€50,190 | +83.2% |
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 6 October 2026 via checked.be.