CATHEDRAL DESIGN: 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.
CATHEDRAL DESIGN
Largest movements
- Receivables within one year -€28,506
down €28,506 (-63.3%), from €45,059 to €16,553
- Cash +€16,156
up €16,156 (+412.3%), from €3,918 to €20,074
mainly Receivables within one year (+€28,506) and Net result for the year (+€16,627)
- Receivables after one year +€8,856
up €8,856 (+22.4%), from €39,488 to €48,344
- Reserves +€16,627
up €16,627 (+48.7%), from €34,165 to €50,792
of which Distributable reserves: +€16,627
- Short-term financial debts -€9,905
no longer reported in 2025 (was €9,905)
- Trade debts -€8,190
down €8,190 (-34.2%), from €23,915 to €15,725
- Tax, wage and social debts -€2,652
down €2,652 (-12.5%), from €21,146 to €18,493
- Gross operating margin -€7,995
down €7,995 (-22.2%), from €36,064 to €28,070
- Taxes -€1,683
down €1,683 (-17.1%), from €9,870 to €8,186
- Financial charges +€728
up €728 (+31.1%), from €2,342 to €3,070
- Depreciation +€654
new in 2025: €654
- Other operating charges -€546
down €546 (-46.5%), from €1,176 to €630
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 | €95,330 | €91,210 | -€4,120 | -4.3% |
| Fixed assets | 21/28 | €6,041 | €5,388 | -€654 | -10.8% |
| Tangible fixed assets | 22/27 | €1,961 | €1,308 | -€654 | -33.3% |
| Plant, machinery and equipment | 23 | €1,961 | €1,308 | -€654 | -33.3% |
| Financial fixed assets | 28 | €4,080 | €4,080 | = | 0.0% |
| Current assets | 29/58 | €89,289 | €85,823 | -€3,466 | -3.9% |
| Amounts receivable after more than one year | 29 | €39,488 | €48,344 | +€8,856 | +22.4% |
| Other amounts receivable | 291 | €39,488 | €48,344 | +€8,856 | +22.4% |
| Amounts receivable within one year | 40/41 | €45,059 | €16,553 | -€28,506 | -63.3% |
| Trade receivables | 40 | €45,059 | €16,553 | -€28,506 | -63.3% |
| Cash at bank and in hand | 54/58 | €3,918 | €20,074 | +€16,156 | +412.3% |
| Deferred charges and accrued income | 490/1 | €824 | €852 | +€27 | +3.3% |
| Total equity and liabilities | 10/49 | €95,330 | €91,210 | -€4,120 | -4.3% |
| Equity | 10/15 | €40,365 | €56,992 | +€16,627 | +41.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,165 | €50,792 | +€16,627 | +48.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €32,305 | €48,932 | +€16,627 | +51.5% |
| Amounts payable | 17/49 | €54,965 | €34,218 | -€20,747 | -37.7% |
| Amounts payable within one year | 42/48 | €54,965 | €34,218 | -€20,747 | -37.7% |
| Financial debts | 43 | €9,905 | - | -€9,905 | |
| Credit institutions | 430/8 | €9,905 | - | -€9,905 | |
| Trade debts | 44 | €23,915 | €15,725 | -€8,190 | -34.2% |
| Suppliers | 440/4 | €23,915 | €15,725 | -€8,190 | -34.2% |
| Taxes, remuneration and social security | 45 | €21,146 | €18,493 | -€2,652 | -12.5% |
| Taxes | 450/3 | €21,146 | €18,493 | -€2,652 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €654 | +€654 | |
| Other operating charges | 640/8 | €1,176 | €630 | -€546 | -46.5% |
| Gross operating margin | 9900 | €36,064 | €28,070 | -€7,995 | -22.2% |
| Operating profit (loss) | 9901 | €34,889 | €26,787 | -€8,102 | -23.2% |
| Financial income | 75/76B | €876 | €1,097 | +€221 | +25.2% |
| Recurring financial income | 75 | €876 | €1,097 | +€221 | +25.2% |
| Financial charges | 65/66B | €2,342 | €3,070 | +€728 | +31.1% |
| Recurring financial charges | 65 | €2,342 | €3,070 | +€728 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €33,423 | €24,814 | -€8,609 | -25.8% |
| Income taxes | 67/77 | €9,870 | €8,186 | -€1,683 | -17.1% |
| Profit (loss) for the period | 9904 | €23,553 | €16,627 | -€6,925 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,553 | €16,627 | -€6,925 | -29.4% |
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 4 October 2026 via checked.be.