Cathec: 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.
Cathec
Largest movements
- Stocks and contracts -€754,071
down €754,071 (-82.0%), from €919,819 to €165,747
- Tangible fixed assets -€311,552
down €311,552 (-28.9%), from €1.1m to €767,449
of which Land and buildings: -€437,243
- Cash +€274,534
up €274,534 (+11046.0%), from €2,485 to €277,020
mainly Stocks and contracts (+€754,071) and Investment in fixed assets (net) (+€286,160)
- Receivables within one year +€128,017
up €128,017 (+443.0%), from €28,895 to €156,912
of which Trade receivables: +€106,266
- Debts after one year -€488,434
down €488,434 (-100.0%), from €488,434 to €0
- Other debts -€152,133
down €152,133 (-10.2%), from €1.5m to €1.3m
- Current portion of long-term debt -€59,449
down €59,449 (-100.0%), from €59,449 to €0
- Profit (loss) carried forward +€40,376
up €40,376, from -€40,376 to €0
- Write-downs -€60,955
down €60,955 (-100.0%), from €60,955 to €0
- Gross operating margin +€7,628
up €7,628 (+7.1%), from €107,558 to €115,187
- Depreciation -€7,355
down €7,355 (-22.3%), from €32,936 to €25,581
- Financial charges +€6,835
up €6,835 (+28.8%), from €23,768 to €30,603
- Staff costs -€6,691
down €6,691, from €6,679 to -€12
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 | €2,032,006 | €1,369,879 | -€662,127 | -32.6% |
| Formation expenses | 20 | €343 | €155 | -€188 | -54.9% |
| Fixed assets | 21/28 | €1,079,001 | €767,449 | -€311,552 | -28.9% |
| Tangible fixed assets | 22/27 | €1,079,001 | €767,449 | -€311,552 | -28.9% |
| Land and buildings | 22 | €1,075,081 | €637,837 | -€437,243 | -40.7% |
| Plant, machinery and equipment | 23 | €3,920 | €1,111 | -€2,810 | -71.7% |
| Furniture and vehicles | 24 | - | €128,501 | +€128,501 | |
| Current assets | 29/58 | €952,662 | €602,276 | -€350,387 | -36.8% |
| Stocks and contracts in progress | 3 | €919,819 | €165,747 | -€754,071 | -82.0% |
| Stocks | 30/36 | €919,819 | €165,747 | -€754,071 | -82.0% |
| Amounts receivable within one year | 40/41 | €28,895 | €156,912 | +€128,017 | +443.0% |
| Trade receivables | 40 | €780 | €107,046 | +€106,266 | +13623.8% |
| Other amounts receivable | 41 | €28,115 | €49,867 | +€21,752 | +77.4% |
| Cash at bank and in hand | 54/58 | €2,485 | €277,020 | +€274,534 | +11046.0% |
| Deferred charges and accrued income | 490/1 | €1,463 | €2,596 | +€1,133 | +77.4% |
| Total equity and liabilities | 10/49 | €2,032,006 | €1,369,879 | -€662,127 | -32.6% |
| Equity | 10/15 | -€36,604 | €8,682 | +€45,287 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €772 | €5,682 | +€4,910 | +636.1% |
| Distributable reserves | 133 | €772 | €5,682 | +€4,910 | +636.1% |
| Profit (loss) carried forward | 14 | -€40,376 | €0 | +€40,376 | |
| Amounts payable | 17/49 | €2,068,611 | €1,361,197 | -€707,414 | -34.2% |
| Amounts payable after more than one year | 17 | €488,434 | €0 | -€488,434 | -100.0% |
| Financial debts | 170/4 | €488,434 | €0 | -€488,434 | -100.0% |
| Amounts payable within one year | 42/48 | €1,580,176 | €1,361,197 | -€218,979 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €59,449 | €0 | -€59,449 | -100.0% |
| Financial debts | 43 | €19 | €0 | -€19 | -100.0% |
| Credit institutions | 430/8 | €19 | €0 | -€19 | -100.0% |
| Trade debts | 44 | €22,270 | €8,412 | -€13,858 | -62.2% |
| Suppliers | 440/4 | €22,270 | €8,412 | -€13,858 | -62.2% |
| Taxes, remuneration and social security | 45 | €1,679 | €8,158 | +€6,479 | +386.0% |
| Taxes | 450/3 | €1,679 | €8,158 | +€6,479 | +386.0% |
| Other amounts payable | 47/48 | €1,496,760 | €1,344,627 | -€152,133 | -10.2% |
| Remuneration, social security and pensions | 62 | €6,679 | -€12 | -€6,691 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,936 | €25,581 | -€7,355 | -22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €60,955 | €0 | -€60,955 | -100.0% |
| Other operating charges | 640/8 | €7,911 | €10,368 | +€2,457 | +31.1% |
| Gross operating margin | 9900 | €107,558 | €115,187 | +€7,628 | +7.1% |
| Operating profit (loss) | 9901 | -€922 | €79,249 | +€80,171 | |
| Financial income | 75/76B | €4 | €71 | +€67 | +1686.8% |
| Recurring financial income | 75 | €4 | €71 | +€67 | +1686.8% |
| Financial charges | 65/66B | €23,768 | €30,603 | +€6,835 | +28.8% |
| Recurring financial charges | 65 | €23,768 | €30,603 | +€6,835 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,686 | €48,718 | +€73,404 | |
| Income taxes | 67/77 | - | €3,431 | +€3,431 | |
| Profit (loss) for the period | 9904 | -€24,686 | €45,287 | +€69,972 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,686 | €45,287 | +€69,972 |
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 8 October 2026 via checked.be.