CATINI: 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.
CATINI
Largest movements
- Cash +€290,131
up €290,131 (+9726.6%), from €2,983 to €293,114
mainly Net result for the year (+€170,178) and Investment in fixed assets (net) (+€68,101)
- Tangible fixed assets -€76,072
down €76,072 (-25.5%), from €297,817 to €221,745
- Reserves +€170,200
up €170,200 (+429.7%), from €39,609 to €209,809
of which Tax-exempt reserves: +€193,950
- Provisions +€64,650
new in 2025: €64,650
- Debts after one year -€17,585
down €17,585 (-10.2%), from €172,371 to €154,786
- Gross operating margin +€229,352
up €229,352 (+898.2%), from €25,534 to €254,885
- Depreciation -€4,890
down €4,890 (-38.0%), from €12,861 to €7,972
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 | €311,644 | €525,703 | +€214,059 | +68.7% |
| Fixed assets | 21/28 | €308,661 | €232,589 | -€76,072 | -24.6% |
| Tangible fixed assets | 22/27 | €297,817 | €221,745 | -€76,072 | -25.5% |
| Land and buildings | 22 | €297,817 | €221,745 | -€76,072 | -25.5% |
| Financial fixed assets | 28 | €10,845 | €10,845 | = | 0.0% |
| Current assets | 29/58 | €2,983 | €293,114 | +€290,131 | +9726.6% |
| Cash at bank and in hand | 54/58 | €2,983 | €293,114 | +€290,131 | +9726.6% |
| Total equity and liabilities | 10/49 | €311,644 | €525,703 | +€214,059 | +68.7% |
| Equity | 10/15 | €58,546 | €228,724 | +€170,178 | +290.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €39,609 | €209,809 | +€170,200 | +429.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €193,950 | +€193,950 | |
| Distributable reserves | 133 | €37,750 | €14,000 | -€23,750 | -62.9% |
| Profit (loss) carried forward | 14 | €345 | €323 | -€22 | -6.3% |
| Provisions and deferred taxes | 16 | - | €64,650 | +€64,650 | |
| Deferred taxes | 168 | - | €64,650 | +€64,650 | |
| Amounts payable | 17/49 | €253,098 | €232,329 | -€20,769 | -8.2% |
| Amounts payable after more than one year | 17 | €172,371 | €154,786 | -€17,585 | -10.2% |
| Financial debts | 170/4 | €172,371 | €154,786 | -€17,585 | -10.2% |
| Amounts payable within one year | 42/48 | €80,727 | €77,544 | -€3,183 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €20,262 | €17,585 | -€2,677 | -13.2% |
| Other amounts payable | 47/48 | €60,465 | €59,958 | -€506 | -0.8% |
| Non-recurring operating income | 76A | - | €258,599 | +€258,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,861 | €7,972 | -€4,890 | -38.0% |
| Other operating charges | 640/8 | €7,763 | €7,776 | +€13 | +0.2% |
| Gross operating margin | 9900 | €25,534 | €254,885 | +€229,352 | +898.2% |
| Operating profit (loss) | 9901 | €4,909 | €239,138 | +€234,228 | +4771.1% |
| Financial charges | 65/66B | €4,724 | €4,310 | -€414 | -8.8% |
| Recurring financial charges | 65 | €4,724 | €4,310 | -€414 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €186 | €234,828 | +€234,642 | +126464.4% |
| Transfer to deferred taxes | 680 | - | €64,650 | +€64,650 | |
| Profit (loss) for the period | 9904 | €186 | €170,178 | +€169,992 | +91620.2% |
| Transfer to tax-exempt reserves | 689 | - | €193,950 | +€193,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €186 | -€23,772 | -€23,957 |
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 9 October 2026 via checked.be.