CATMAR: 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.
CATMAR
Largest movements
- Receivables within one year +€12,065
up €12,065 (+8,767%), from €138 to €12,203
of which Trade receivables: +€12,000
- Reserves +€46,378
up €46,378 (+42.5%), from €109,251 to €155,629
- Current portion of long-term debt -€35,536
no longer reported in 2025 (was €35,536)
- Gross operating margin +€16,523
up €16,523 (+30.6%), from €53,978 to €70,502
- Taxes +€5,129
up €5,129 (+39.6%), from €12,964 to €18,092
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 | €586,959 | €600,785 | +€13,825 | +2.4% |
| Fixed assets | 21/28 | €580,913 | €580,913 | = | 0.0% |
| Tangible fixed assets | 22/27 | €564,430 | €564,430 | = | 0.0% |
| Land and buildings | 22 | €564,430 | €564,430 | = | 0.0% |
| Financial fixed assets | 28 | €16,484 | €16,484 | = | 0.0% |
| Current assets | 29/58 | €6,046 | €19,872 | +€13,825 | +229% |
| Amounts receivable within one year | 40/41 | €138 | €12,203 | +€12,065 | +8,767% |
| Trade receivables | 40 | - | €12,000 | +€12,000 | |
| Other amounts receivable | 41 | €138 | €203 | +€65 | +47.3% |
| Cash at bank and in hand | 54/58 | €5,909 | €7,669 | +€1,760 | +29.8% |
| Total equity and liabilities | 10/49 | €586,959 | €600,785 | +€13,825 | +2.4% |
| Equity | 10/15 | €115,451 | €161,829 | +€46,378 | +40.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €109,251 | €155,629 | +€46,378 | +42.5% |
| Distributable reserves | 133 | €109,251 | €155,629 | +€46,378 | +42.5% |
| Amounts payable | 17/49 | €471,509 | €438,956 | -€32,553 | -6.9% |
| Amounts payable after more than one year | 17 | €337,286 | €337,286 | = | 0.0% |
| Financial debts | 170/4 | €337,286 | €337,286 | = | 0.0% |
| Amounts payable within one year | 42/48 | €134,223 | €101,670 | -€32,553 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €35,536 | - | -€35,536 | |
| Trade debts | 44 | €2,145 | €2,000 | -€145 | -6.8% |
| Suppliers | 440/4 | €2,145 | €2,000 | -€145 | -6.8% |
| Taxes, remuneration and social security | 45 | €10,999 | €14,128 | +€3,129 | +28.4% |
| Taxes | 450/3 | €4,999 | €8,128 | +€3,129 | +62.6% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €85,542 | €85,542 | = | 0.0% |
| Other operating charges | 640/8 | €669 | - | -€669 | |
| Gross operating margin | 9900 | €53,978 | €70,502 | +€16,523 | +30.6% |
| Operating profit (loss) | 9901 | €53,309 | €70,502 | +€17,193 | +32.3% |
| Financial charges | 65/66B | €6,675 | €6,031 | -€643 | -9.6% |
| Recurring financial charges | 65 | €6,675 | €6,031 | -€643 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €46,635 | €64,471 | +€17,836 | +38.2% |
| Income taxes | 67/77 | €12,964 | €18,092 | +€5,129 | +39.6% |
| Profit (loss) for the period | 9904 | €33,671 | €46,378 | +€12,707 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,671 | €46,378 | +€12,707 | +37.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.