Cathel: 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.
Cathel
Largest movements
- Receivables within one year +€1,960
up €1,960 (+366%), from €536 to €2,496
of which Trade receivables: +€1,150
- Cash -€319
down €319 (-8.3%), from €3,823 to €3,504
mainly Receivables within one year (-€1,960) and Other debts (-€1,788)
- Profit (loss) carried forward +€4,148
up €4,148 (+34.8%), from -€11,913 to -€7,765
- Other debts -€1,788
down €1,788 (-73.8%), from €2,424 to €636
- Trade debts -€719
down €719 (-85.1%), from €845 to €126
- Gross operating margin +€2,234
up €2,234 (+114%), from €1,959 to €4,193
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 | €4,359 | €6,000 | +€1,641 | +37.6% |
| Current assets | 29/58 | €4,359 | €6,000 | +€1,641 | +37.6% |
| Amounts receivable within one year | 40/41 | €536 | €2,496 | +€1,960 | +366% |
| Trade receivables | 40 | €91 | €1,241 | +€1,150 | +1,264% |
| Other amounts receivable | 41 | €445 | €1,255 | +€810 | +182% |
| Cash at bank and in hand | 54/58 | €3,823 | €3,504 | -€319 | -8.3% |
| Total equity and liabilities | 10/49 | €4,359 | €6,000 | +€1,641 | +37.6% |
| Equity | 10/15 | €1,090 | €5,238 | +€4,148 | +381% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €603 | €603 | = | 0.0% |
| Non-distributable reserves | 130/1 | €603 | €603 | = | 0.0% |
| Legal reserve | 130 | - | €603 | +€603 | |
| Reserves not available under the articles | 1311 | €603 | - | -€603 | |
| Profit (loss) carried forward | 14 | -€11,913 | -€7,765 | +€4,148 | +34.8% |
| Amounts payable | 17/49 | €3,269 | €762 | -€2,507 | -76.7% |
| Amounts payable within one year | 42/48 | €3,269 | €762 | -€2,507 | -76.7% |
| Trade debts | 44 | €845 | €126 | -€719 | -85.1% |
| Suppliers | 440/4 | €845 | €126 | -€719 | -85.1% |
| Other amounts payable | 47/48 | €2,424 | €636 | -€1,788 | -73.8% |
| Gross operating margin | 9900 | €1,959 | €4,193 | +€2,234 | +114% |
| Operating profit (loss) | 9901 | €1,959 | €4,193 | +€2,234 | +114% |
| Financial charges | 65/66B | €58 | €45 | -€13 | -22.4% |
| Recurring financial charges | 65 | €58 | €45 | -€13 | -22.4% |
| Non-recurring financial charges | 66B | €58 | €45 | -€13 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €1,901 | €4,148 | +€2,247 | +118% |
| Profit (loss) for the period | 9904 | €1,901 | €4,148 | +€2,247 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €1,901 | €4,148 | +€2,247 | +118% |
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 19 October 2026 via checked.be.