CATMA: 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.
CATMA
Largest movements
- Tangible fixed assets -€25,792
down €25,792 (-14.9%), from €173,156 to €147,364
- Cash +€5,171
up €5,171 (+58.2%), from €8,882 to €14,053
mainly Depreciation (+€25,792) and Net result for the year (+€2,017)
- Receivables within one year +€2,729
up €2,729 (+17.0%), from €16,042 to €18,771
of which Other amounts receivable: +€4,964
- Debts after one year -€20,044
down €20,044 (-14.3%), from €140,131 to €120,086
- Other debts -€3,385
down €3,385 (-92.8%), from €3,646 to €261
- Profit (loss) carried forward +€2,017
up €2,017 (+1,156%), from €174 to €2,191
- Depreciation -€10,217
down €10,217 (-28.4%), from €36,009 to €25,792
- Gross operating margin -€7,761
down €7,761 (-18.9%), from €41,138 to €33,378
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 | €199,985 | €180,343 | -€19,642 | -9.8% |
| Fixed assets | 21/28 | €173,311 | €147,519 | -€25,792 | -14.9% |
| Tangible fixed assets | 22/27 | €173,156 | €147,364 | -€25,792 | -14.9% |
| Land and buildings | 22 | €119,085 | €108,172 | -€10,913 | -9.2% |
| Plant, machinery and equipment | 23 | €47,016 | €36,704 | -€10,312 | -21.9% |
| Furniture and vehicles | 24 | €7,056 | €2,489 | -€4,567 | -64.7% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €26,674 | €32,824 | +€6,150 | +23.1% |
| Stocks and contracts in progress | 3 | €1,750 | €0 | -€1,750 | -100% |
| Stocks | 30/36 | €1,750 | €0 | -€1,750 | -100% |
| Amounts receivable within one year | 40/41 | €16,042 | €18,771 | +€2,729 | +17.0% |
| Trade receivables | 40 | €10,968 | €8,733 | -€2,235 | -20.4% |
| Other amounts receivable | 41 | €5,074 | €10,038 | +€4,964 | +97.8% |
| Cash at bank and in hand | 54/58 | €8,882 | €14,053 | +€5,171 | +58.2% |
| Total equity and liabilities | 10/49 | €199,985 | €180,343 | -€19,642 | -9.8% |
| Equity | 10/15 | €37,974 | €39,990 | +€2,017 | +5.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €27,799 | €27,799 | = | 0.0% |
| Distributable reserves | 133 | €27,799 | €27,799 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174 | €2,191 | +€2,017 | +1,156% |
| Amounts payable | 17/49 | €162,011 | €140,353 | -€21,659 | -13.4% |
| Amounts payable after more than one year | 17 | €140,131 | €120,086 | -€20,044 | -14.3% |
| Financial debts | 170/4 | €140,131 | €120,086 | -€20,044 | -14.3% |
| Amounts payable within one year | 42/48 | €21,881 | €20,266 | -€1,614 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €16,511 | €16,044 | -€467 | -2.8% |
| Trade debts | 44 | €1,200 | €1,446 | +€246 | +20.5% |
| Suppliers | 440/4 | €1,200 | €1,446 | +€246 | +20.5% |
| Taxes, remuneration and social security | 45 | €523 | €2,515 | +€1,992 | +381% |
| Taxes | 450/3 | €523 | €765 | +€242 | +46.2% |
| Remuneration and social security | 454/9 | €0 | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | €3,646 | €261 | -€3,385 | -92.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,009 | €25,792 | -€10,217 | -28.4% |
| Other operating charges | 640/8 | €2,280 | €2,335 | +€55 | +2.4% |
| Gross operating margin | 9900 | €41,138 | €33,378 | -€7,761 | -18.9% |
| Operating profit (loss) | 9901 | €2,850 | €5,251 | +€2,401 | +84.2% |
| Financial income | 75/76B | €60 | €47 | -€13 | -21.0% |
| Recurring financial income | 75 | €60 | €47 | -€13 | -21.0% |
| Financial charges | 65/66B | €3,417 | €3,281 | -€136 | -4.0% |
| Recurring financial charges | 65 | €3,417 | €3,281 | -€136 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€507 | €2,017 | +€2,524 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€507 | €2,017 | +€2,524 | |
| Profit (loss) for the period to be appropriated | 9905 | -€507 | €2,017 | +€2,524 |
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 14 October 2026 via checked.be.