CATHECT: 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.
CATHECT
Largest movements
- Cash +€54,392
up €54,392 (+1,412%), from €3,853 to €58,245
mainly Net result for the year (+€42,283) and Receivables within one year (+€40,205)
- Receivables within one year -€40,205
down €40,205 (-65.3%), from €61,616 to €21,411
of which Trade receivables: -€42,955
- Tangible fixed assets +€4,968
up €4,968 (+18.5%), from €26,911 to €31,879
of which Other tangible fixed assets: +€3,376
- Deferred charges and accrued income -€2,626
down €2,626 (-48.3%), from €5,442 to €2,816
- Reserves +€41,384
up €41,384 (+75.1%), from €55,135 to €96,520
- Contributions -€17,600
down €17,600 (-94.6%), from €18,600 to €1,000
- Other debts -€5,529
down €5,529 (-100%), from €5,529 to €0
- Trade debts -€2,976
down €2,976 (-37.3%), from €7,973 to €4,997
- Gross operating margin +€27,886
up €27,886 (+76.2%), from €36,605 to €64,491
- Taxes +€7,729
up €7,729 (+76.8%), from €10,060 to €17,789
- Depreciation +€1,636
up €1,636 (+72.7%), from €2,250 to €3,887
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.
Derived cash bridge
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 | €98,778 | €115,027 | +€16,249 | +16.4% |
| Fixed assets | 21/28 | €27,868 | €32,556 | +€4,688 | +16.8% |
| Intangible fixed assets | 21 | €957 | €677 | -€280 | -29.3% |
| Tangible fixed assets | 22/27 | €26,911 | €31,879 | +€4,968 | +18.5% |
| Plant, machinery and equipment | 23 | €4,962 | €4,425 | -€537 | -10.8% |
| Furniture and vehicles | 24 | €8,439 | €10,569 | +€2,130 | +25.2% |
| Other tangible fixed assets | 26 | €13,510 | €16,886 | +€3,376 | +25.0% |
| Current assets | 29/58 | €70,911 | €82,471 | +€11,561 | +16.3% |
| Amounts receivable within one year | 40/41 | €61,616 | €21,411 | -€40,205 | -65.3% |
| Trade receivables | 40 | €61,610 | €18,655 | -€42,955 | -69.7% |
| Other amounts receivable | 41 | €6 | €2,756 | +€2,750 | +44,209% |
| Cash at bank and in hand | 54/58 | €3,853 | €58,245 | +€54,392 | +1,412% |
| Deferred charges and accrued income | 490/1 | €5,442 | €2,816 | -€2,626 | -48.3% |
| Total equity and liabilities | 10/49 | €98,778 | €115,027 | +€16,249 | +16.4% |
| Equity | 10/15 | €73,735 | €97,520 | +€23,784 | +32.3% |
| Contributions | 10/11 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Reserves | 13 | €55,135 | €96,520 | +€41,384 | +75.1% |
| Distributable reserves | 133 | €55,135 | €96,520 | +€41,384 | +75.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €25,043 | €17,508 | -€7,535 | -30.1% |
| Amounts payable within one year | 42/48 | €25,043 | €17,508 | -€7,535 | -30.1% |
| Financial debts | 43 | €852 | €1,096 | +€244 | +28.6% |
| Credit institutions | 430/8 | €852 | €1,096 | +€244 | +28.6% |
| Trade debts | 44 | €7,973 | €4,997 | -€2,976 | -37.3% |
| Suppliers | 440/4 | €7,973 | €4,997 | -€2,976 | -37.3% |
| Taxes, remuneration and social security | 45 | €10,688 | €11,414 | +€726 | +6.8% |
| Taxes | 450/3 | €10,688 | €11,414 | +€726 | +6.8% |
| Other amounts payable | 47/48 | €5,529 | €0 | -€5,529 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,250 | €3,887 | +€1,636 | +72.7% |
| Other operating charges | 640/8 | €400 | €404 | +€4 | +1.1% |
| Gross operating margin | 9900 | €36,605 | €64,491 | +€27,886 | +76.2% |
| Operating profit (loss) | 9901 | €33,955 | €60,200 | +€26,245 | +77.3% |
| Financial income | 75/76B | €157 | €6 | -€151 | -96.0% |
| Recurring financial income | 75 | €157 | €6 | -€151 | -96.0% |
| Financial charges | 65/66B | €117 | €134 | +€17 | +14.3% |
| Recurring financial charges | 65 | €117 | €134 | +€17 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €33,995 | €60,072 | +€26,077 | +76.7% |
| Income taxes | 67/77 | €10,060 | €17,789 | +€7,729 | +76.8% |
| Profit (loss) for the period | 9904 | €23,934 | €42,283 | +€18,349 | +76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,934 | €42,283 | +€18,349 | +76.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.