CATHERINE CASTAIGNE: 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.
CATHERINE CASTAIGNE
Largest movements
- Current investments -€92,378
down €92,378 (-30.9%), from €299,079 to €206,702
- Cash +€85,862
up €85,862 (+426.5%), from €20,134 to €105,996
mainly Net result for the year (+€103,658) and Current investments (+€92,378)
- Receivables within one year -€5,663
down €5,663 (-100.0%), from €5,663 to €0
- Other debts +€91,208
up €91,208, from €0 to €91,208
- Reserves -€66,415
down €66,415 (-26.2%), from €253,929 to €187,513
- Profit (loss) carried forward -€50,947
down €50,947 (-100.0%), from €50,947 to €0
- Tax, wage and social debts +€17,813
up €17,813 (+277.4%), from €6,420 to €24,234
of which Taxes: +€20,513
- Gross operating margin -€20,519
down €20,519 (-12.7%), from €161,498 to €140,979
- Taxes -€4,872
down €4,872 (-11.0%), from €44,478 to €39,606
- Financial income +€1,630
up €1,630 (+55.7%), from €2,927 to €4,558
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 | €326,206 | €316,058 | -€10,148 | -3.1% |
| Fixed assets | 21/28 | €1,128 | €1,178 | +€49 | +4.4% |
| Tangible fixed assets | 22/27 | €1,128 | €1,178 | +€49 | +4.4% |
| Furniture and vehicles | 24 | €1,128 | €1,178 | +€49 | +4.4% |
| Current assets | 29/58 | €325,078 | €314,880 | -€10,198 | -3.1% |
| Amounts receivable within one year | 40/41 | €5,663 | €0 | -€5,663 | -100.0% |
| Other amounts receivable | 41 | €5,663 | €0 | -€5,663 | -100.0% |
| Current investments | 50/53 | €299,079 | €206,702 | -€92,378 | -30.9% |
| Cash at bank and in hand | 54/58 | €20,134 | €105,996 | +€85,862 | +426.5% |
| Deferred charges and accrued income | 490/1 | €202 | €2,183 | +€1,981 | +980.1% |
| Total equity and liabilities | 10/49 | €326,206 | €316,058 | -€10,148 | -3.1% |
| Equity | 10/15 | €317,276 | €199,913 | -€117,363 | -37.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €253,929 | €187,513 | -€66,415 | -26.2% |
| Distributable reserves | 133 | €253,929 | €187,513 | -€66,415 | -26.2% |
| Profit (loss) carried forward | 14 | €50,947 | €0 | -€50,947 | -100.0% |
| Amounts payable | 17/49 | €8,930 | €116,145 | +€107,215 | +1200.6% |
| Amounts payable within one year | 42/48 | €8,930 | €116,145 | +€107,215 | +1200.6% |
| Financial debts | 43 | €428 | €528 | +€99 | +23.2% |
| Other loans | 439 | €428 | €528 | +€99 | +23.2% |
| Trade debts | 44 | €2,082 | €175 | -€1,906 | -91.6% |
| Suppliers | 440/4 | €2,082 | €175 | -€1,906 | -91.6% |
| Taxes, remuneration and social security | 45 | €6,420 | €24,234 | +€17,813 | +277.4% |
| Taxes | 450/3 | €3,720 | €24,234 | +€20,513 | +551.4% |
| Remuneration and social security | 454/9 | €2,700 | €0 | -€2,700 | -100.0% |
| Other amounts payable | 47/48 | €0 | €91,208 | +€91,208 | |
| Remuneration, social security and pensions | 62 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €427 | €550 | +€123 | +28.7% |
| Other operating charges | 640/8 | €813 | €807 | -€6 | -0.7% |
| Gross operating margin | 9900 | €161,498 | €140,979 | -€20,519 | -12.7% |
| Operating profit (loss) | 9901 | €160,009 | €139,373 | -€20,636 | -12.9% |
| Financial income | 75/76B | €2,927 | €4,558 | +€1,630 | +55.7% |
| Recurring financial income | 75 | €2,927 | €4,558 | +€1,630 | +55.7% |
| Financial charges | 65/66B | €1,542 | €666 | -€875 | -56.8% |
| Recurring financial charges | 65 | €1,542 | €666 | -€875 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €161,394 | €143,264 | -€18,130 | -11.2% |
| Income taxes | 67/77 | €44,478 | €39,606 | -€4,872 | -11.0% |
| Profit (loss) for the period | 9904 | €116,916 | €103,658 | -€13,258 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €116,916 | €103,658 | -€13,258 | -11.3% |
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 10 October 2026 via checked.be.