Cathop: 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.
Cathop
Largest movements
- Tangible fixed assets -€157,565
down €157,565 (-4.4%), from €3.6m to €3.4m
of which Plant, machinery and equipment: -€152,015
- Cash -€86,588
down €86,588 (-42.7%), from €202,881 to €116,294
mainly Investment in fixed assets (net) (-€280,013) and Net result for the year (-€165,129)
- Profit (loss) carried forward -€165,129
down €165,129 (-25.2%), from -€655,393 to -€820,523
- Debts after one year -€77,038
down €77,038 (-4.2%), from €1.9m to €1.8m
- Investment grants -€54,830
down €54,830 (-11.6%), from €471,308 to €416,479
- Trade debts +€42,789
up €42,789 (+55.9%), from €76,608 to €119,397
- Other debts +€38,745
up €38,745 (+2.1%), from €1.9m to €1.9m
- Gross operating margin +€446,627
up €446,627 (+104.8%), from €426,013 to €872,640
- Staff costs +€251,598
up €251,598 (+105.2%), from €239,128 to €490,726
- Depreciation +€41,854
up €41,854 (+10.5%), from €400,131 to €441,985
- Financial charges -€23,066
down €23,066 (-15.1%), from €153,263 to €130,196
of which Non-recurring financial charges: -€20,678
- Other operating charges +€15,906
up €15,906 (+110.5%), from €14,401 to €30,307
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 | €3,806,312 | €3,563,180 | -€243,132 | -6.4% |
| Formation expenses | 20 | €2,931 | €1,091 | -€1,840 | -62.8% |
| Fixed assets | 21/28 | €3,583,904 | €3,423,772 | -€160,132 | -4.5% |
| Intangible fixed assets | 21 | €10,103 | €9,035 | -€1,068 | -10.6% |
| Tangible fixed assets | 22/27 | €3,571,938 | €3,414,373 | -€157,565 | -4.4% |
| Plant, machinery and equipment | 23 | €3,489,375 | €3,337,360 | -€152,015 | -4.4% |
| Furniture and vehicles | 24 | €82,563 | €77,013 | -€5,549 | -6.7% |
| Financial fixed assets | 28 | €1,863 | €363 | -€1,500 | -80.5% |
| Current assets | 29/58 | €219,477 | €138,317 | -€81,160 | -37.0% |
| Stocks and contracts in progress | 3 | €6,173 | €10,723 | +€4,550 | +73.7% |
| Stocks | 30/36 | €6,173 | €10,723 | +€4,550 | +73.7% |
| Amounts receivable within one year | 40/41 | €10,422 | €11,112 | +€690 | +6.6% |
| Trade receivables | 40 | €4,474 | €5,496 | +€1,022 | +22.8% |
| Other amounts receivable | 41 | €5,948 | €5,617 | -€332 | -5.6% |
| Cash at bank and in hand | 54/58 | €202,881 | €116,294 | -€86,588 | -42.7% |
| Deferred charges and accrued income | 490/1 | - | €188 | +€188 | |
| Total equity and liabilities | 10/49 | €3,806,312 | €3,563,180 | -€243,132 | -6.4% |
| Equity | 10/15 | -€134,085 | -€354,044 | -€219,959 | -164.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€655,393 | -€820,523 | -€165,129 | -25.2% |
| Investment grants | 15 | €471,308 | €416,479 | -€54,830 | -11.6% |
| Amounts payable | 17/49 | €3,940,397 | €3,917,223 | -€23,173 | -0.6% |
| Amounts payable after more than one year | 17 | €1,853,226 | €1,776,188 | -€77,038 | -4.2% |
| Financial debts | 170/4 | €1,853,226 | €1,776,188 | -€77,038 | -4.2% |
| Amounts payable within one year | 42/48 | €2,081,389 | €2,124,935 | +€43,546 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €74,578 | €77,038 | +€2,460 | +3.3% |
| Trade debts | 44 | €76,608 | €119,397 | +€42,789 | +55.9% |
| Suppliers | 440/4 | €76,608 | €119,397 | +€42,789 | +55.9% |
| Advances received on contracts in progress | 46 | €4,064 | - | -€4,064 | |
| Taxes, remuneration and social security | 45 | €75,300 | €38,916 | -€36,384 | -48.3% |
| Taxes | 450/3 | €28,688 | €18,710 | -€9,978 | -34.8% |
| Remuneration and social security | 454/9 | €46,613 | €20,207 | -€26,406 | -56.7% |
| Other amounts payable | 47/48 | €1,850,839 | €1,889,584 | +€38,745 | +2.1% |
| Accrued charges and deferred income | 492/3 | €5,781 | €16,100 | +€10,319 | +178.5% |
| Remuneration, social security and pensions | 62 | €239,128 | €490,726 | +€251,598 | +105.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400,131 | €441,985 | +€41,854 | +10.5% |
| Other operating charges | 640/8 | €14,401 | €30,307 | +€15,906 | +110.5% |
| Gross operating margin | 9900 | €426,013 | €872,640 | +€446,627 | +104.8% |
| Operating profit (loss) | 9901 | -€227,647 | -€90,377 | +€137,269 | +60.3% |
| Financial income | 75/76B | €55,791 | €55,444 | -€347 | -0.6% |
| Recurring financial income | 75 | €55,791 | €55,444 | -€347 | -0.6% |
| Financial charges | 65/66B | €153,263 | €130,196 | -€23,066 | -15.1% |
| Recurring financial charges | 65 | €132,585 | €130,196 | -€2,388 | -1.8% |
| Non-recurring financial charges | 66B | €20,678 | - | -€20,678 | |
| Profit (loss) for the period before taxes | 9903 | -€325,118 | -€165,129 | +€159,989 | +49.2% |
| Profit (loss) for the period | 9904 | -€325,118 | -€165,129 | +€159,989 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€325,118 | -€165,129 | +€159,989 | +49.2% |
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 5 October 2026 via checked.be.