CATHEMA: 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.
CATHEMA
Largest movements
- Receivables within one year +€16,543
up €16,543 (+292.2%), from €5,661 to €22,204
of which Trade receivables: +€18,782
- Tangible fixed assets +€9,242
up €9,242 (+63.2%), from €14,633 to €23,875
of which Other tangible fixed assets: +€4,782
- Cash -€7,146
down €7,146 (-31.3%), from €22,852 to €15,706
mainly Contributions, distributions and other (-€35,979) and Receivables within one year (-€16,543)
- Deferred charges and accrued income +€1,759
up €1,759 (+130.6%), from €1,347 to €3,106
- Other debts +€37,014
new in 2025: €37,014
- Profit (loss) carried forward -€25,622
down €25,622 (-100.0%), from €25,622 to €0
- Trade debts +€7,141
up €7,141 (+210.6%), from €3,391 to €10,531
- Tax, wage and social debts +€1,866
up €1,866 (+14.4%), from €12,980 to €14,846
- Gross operating margin +€8,995
up €8,995 (+71.6%), from €12,562 to €21,557
- Taxes +€2,364
up €2,364 (+136.2%), from €1,735 to €4,099
- Depreciation +€947
up €947 (+28.5%), from €3,319 to €4,266
- Other operating charges +€427
up €427 (+54.0%), from €790 to €1,217
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 | €44,493 | €64,891 | +€20,399 | +45.8% |
| Fixed assets | 21/28 | €14,633 | €23,875 | +€9,242 | +63.2% |
| Tangible fixed assets | 22/27 | €14,633 | €23,875 | +€9,242 | +63.2% |
| Furniture and vehicles | 24 | €723 | €5,183 | +€4,460 | +616.9% |
| Other tangible fixed assets | 26 | €13,910 | €18,692 | +€4,782 | +34.4% |
| Current assets | 29/58 | €29,860 | €41,016 | +€11,157 | +37.4% |
| Amounts receivable within one year | 40/41 | €5,661 | €22,204 | +€16,543 | +292.2% |
| Trade receivables | 40 | €3,421 | €22,204 | +€18,782 | +549.0% |
| Other amounts receivable | 41 | €2,240 | €0 | -€2,240 | -100.0% |
| Cash at bank and in hand | 54/58 | €22,852 | €15,706 | -€7,146 | -31.3% |
| Deferred charges and accrued income | 490/1 | €1,347 | €3,106 | +€1,759 | +130.6% |
| Total equity and liabilities | 10/49 | €44,493 | €64,891 | +€20,399 | +45.8% |
| Equity | 10/15 | €28,122 | €2,500 | -€25,622 | -91.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,622 | €0 | -€25,622 | -100.0% |
| Amounts payable | 17/49 | €16,371 | €62,391 | +€46,021 | +281.1% |
| Amounts payable within one year | 42/48 | €16,371 | €62,391 | +€46,021 | +281.1% |
| Trade debts | 44 | €3,391 | €10,531 | +€7,141 | +210.6% |
| Suppliers | 440/4 | €3,391 | €10,531 | +€7,141 | +210.6% |
| Taxes, remuneration and social security | 45 | €12,980 | €14,846 | +€1,866 | +14.4% |
| Taxes | 450/3 | €12,980 | €14,846 | +€1,866 | +14.4% |
| Other amounts payable | 47/48 | - | €37,014 | +€37,014 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,319 | €4,266 | +€947 | +28.5% |
| Other operating charges | 640/8 | €790 | €1,217 | +€427 | +54.0% |
| Gross operating margin | 9900 | €12,562 | €21,557 | +€8,995 | +71.6% |
| Operating profit (loss) | 9901 | €8,453 | €16,074 | +€7,622 | +90.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,673 | €1,619 | -€54 | -3.2% |
| Recurring financial charges | 65 | €1,673 | €1,619 | -€54 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €6,780 | €14,456 | +€7,676 | +113.2% |
| Income taxes | 67/77 | €1,735 | €4,099 | +€2,364 | +136.2% |
| Profit (loss) for the period | 9904 | €5,045 | €10,357 | +€5,312 | +105.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,045 | €10,357 | +€5,312 | +105.3% |
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.