CATO PROJECTS: 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.
CATO PROJECTS
Largest movements
- Receivables within one year -€5,469
down €5,469 (-26.3%), from €20,774 to €15,305
of which Trade receivables: -€2,793
- Cash +€5,336
up €5,336 (+67.7%), from €7,883 to €13,219
mainly Net result for the year (+€5,573) and Receivables within one year (+€5,469)
- Tangible fixed assets -€3,232
down €3,232 (-91.6%), from €3,529 to €297
of which Furniture and vehicles: -€3,232
- Financial fixed assets +€1,980
up €1,980 (+282.9%), from €700 to €2,680
- Reserves +€4,451
up €4,451 (+714.4%), from €623 to €5,074
- Current portion of long-term debt -€3,393
down €3,393 (-100.0%), from €3,393 to €0
- Tax, wage and social debts -€1,971
down €1,971 (-25.5%), from €7,720 to €5,750
- Trade debts -€1,317
down €1,317 (-43.1%), from €3,054 to €1,737
- Profit (loss) carried forward +€1,123
up €1,123, from -€1,123 to €0
- Depreciation -€8,209
down €8,209 (-69.7%), from €11,770 to €3,562
- Taxes +€3,427
up €3,427 (+1098.6%), from €312 to €3,739
- Gross operating margin +€2,563
up €2,563 (+19.2%), from €13,338 to €15,901
- Other operating charges +€833
up €833 (+34.1%), from €2,440 to €3,274
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,025 | €31,647 | -€1,378 | -4.2% |
| Fixed assets | 21/28 | €4,229 | €2,977 | -€1,252 | -29.6% |
| Tangible fixed assets | 22/27 | €3,529 | €297 | -€3,232 | -91.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,529 | €297 | -€3,232 | -91.6% |
| Financial fixed assets | 28 | €700 | €2,680 | +€1,980 | +282.9% |
| Current assets | 29/58 | €28,796 | €28,670 | -€126 | -0.4% |
| Amounts receivable within one year | 40/41 | €20,774 | €15,305 | -€5,469 | -26.3% |
| Trade receivables | 40 | €9,807 | €7,014 | -€2,793 | -28.5% |
| Other amounts receivable | 41 | €10,967 | €8,291 | -€2,676 | -24.4% |
| Cash at bank and in hand | 54/58 | €7,883 | €13,219 | +€5,336 | +67.7% |
| Deferred charges and accrued income | 490/1 | €139 | €146 | +€7 | +5.2% |
| Total equity and liabilities | 10/49 | €33,025 | €31,647 | -€1,378 | -4.2% |
| Equity | 10/15 | €18,100 | €23,674 | +€5,573 | +30.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €623 | €5,074 | +€4,451 | +714.4% |
| Distributable reserves | 133 | €623 | €5,074 | +€4,451 | +714.4% |
| Profit (loss) carried forward | 14 | -€1,123 | €0 | +€1,123 | |
| Amounts payable | 17/49 | €14,924 | €7,973 | -€6,952 | -46.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €14,167 | €7,487 | -€6,680 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €3,393 | €0 | -€3,393 | -100.0% |
| Trade debts | 44 | €3,054 | €1,737 | -€1,317 | -43.1% |
| Suppliers | 440/4 | €3,054 | €1,737 | -€1,317 | -43.1% |
| Taxes, remuneration and social security | 45 | €7,720 | €5,750 | -€1,971 | -25.5% |
| Taxes | 450/3 | €7,720 | €5,750 | -€1,971 | -25.5% |
| Accrued charges and deferred income | 492/3 | €758 | €486 | -€271 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,770 | €3,562 | -€8,209 | -69.7% |
| Other operating charges | 640/8 | €2,440 | €3,274 | +€833 | +34.1% |
| Gross operating margin | 9900 | €13,338 | €15,901 | +€2,563 | +19.2% |
| Operating profit (loss) | 9901 | -€873 | €9,065 | +€9,938 | |
| Financial income | 75/76B | €386 | €536 | +€150 | +39.0% |
| Recurring financial income | 75 | €386 | €536 | +€150 | +39.0% |
| Financial charges | 65/66B | €323 | €289 | -€35 | -10.7% |
| Recurring financial charges | 65 | €323 | €289 | -€35 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€811 | €9,312 | +€10,123 | |
| Income taxes | 67/77 | €312 | €3,739 | +€3,427 | +1098.6% |
| Profit (loss) for the period | 9904 | -€1,123 | €5,573 | +€6,696 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,123 | €5,573 | +€6,696 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.