CATOLE: 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.
CATOLE
Largest movements
- Cash +€267,687
up €267,687 (+540%), from €49,534 to €317,221
mainly Receivables within one year (+€228,719) and Net result for the year (+€86,652)
- Receivables within one year -€228,719
down €228,719 (-91.3%), from €250,444 to €21,725
of which Other amounts receivable: -€229,297
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€1.0m
down €1.0m (-99.0%), from €1.0m to €10,343
- Taxes -€73,881
down €73,881 (-64.9%), from €113,822 to €39,941
- Gross operating margin +€64,309
up €64,309 (+73.1%), from €87,995 to €152,304
- Financial charges +€5,487
up €5,487 (+10,724%), from €51 to €5,538
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 | €9,273,723 | €9,279,215 | +€5,492 | +0.1% |
| Fixed assets | 21/28 | €8,654,151 | €8,625,484 | -€28,667 | -0.3% |
| Tangible fixed assets | 22/27 | €144,751 | €116,084 | -€28,667 | -19.8% |
| Furniture and vehicles | 24 | €144,751 | €116,084 | -€28,667 | -19.8% |
| Financial fixed assets | 28 | €8,509,400 | €8,509,400 | = | 0.0% |
| Current assets | 29/58 | €619,572 | €653,731 | +€34,159 | +5.5% |
| Amounts receivable within one year | 40/41 | €250,444 | €21,725 | -€228,719 | -91.3% |
| Trade receivables | 40 | €18,319 | €18,897 | +€578 | +3.2% |
| Other amounts receivable | 41 | €232,125 | €2,828 | -€229,297 | -98.8% |
| Current investments | 50/53 | €319,594 | €314,785 | -€4,809 | -1.5% |
| Cash at bank and in hand | 54/58 | €49,534 | €317,221 | +€267,687 | +540% |
| Total equity and liabilities | 10/49 | €9,273,723 | €9,279,215 | +€5,492 | +0.1% |
| Equity | 10/15 | €9,163,259 | €9,197,410 | +€34,152 | +0.4% |
| Contributions | 10/11 | €6,274,606 | €6,274,606 | = | 0.0% |
| Contributions outside capital | 11 | €6,274,606 | - | -€6.3m | |
| Other | 1109/19 | €6,274,606 | - | -€6.3m | |
| Reserves | 13 | €2,888,653 | €2,922,805 | +€34,152 | +1.2% |
| Non-distributable reserves | 130/1 | €170,250 | €170,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €170,250 | €170,250 | = | 0.0% |
| Distributable reserves | 133 | €2,718,403 | €2,752,555 | +€34,152 | +1.3% |
| Amounts payable | 17/49 | €110,464 | €81,804 | -€28,659 | -25.9% |
| Amounts payable within one year | 42/48 | €110,464 | €81,804 | -€28,659 | -25.9% |
| Trade debts | 44 | €3,325 | €1,825 | -€1,500 | -45.1% |
| Suppliers | 440/4 | €3,325 | €1,825 | -€1,500 | -45.1% |
| Taxes, remuneration and social security | 45 | €107,138 | €79,979 | -€27,159 | -25.3% |
| Taxes | 450/3 | €107,138 | €79,979 | -€27,159 | -25.3% |
| Non-recurring operating income | 76A | €2,219 | - | -€2,219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,667 | €28,667 | = | 0.0% |
| Other operating charges | 640/8 | €1,487 | €1,850 | +€362 | +24.4% |
| Gross operating margin | 9900 | €87,995 | €152,304 | +€64,309 | +73.1% |
| Operating profit (loss) | 9901 | €57,841 | €121,787 | +€63,946 | +111% |
| Financial income | 75/76B | €1,032,594 | €10,343 | -€1.0m | -99.0% |
| Recurring financial income | 75 | €1,032,594 | €10,343 | -€1.0m | -99.0% |
| Financial charges | 65/66B | €51 | €5,538 | +€5,487 | +10,724% |
| Recurring financial charges | 65 | €51 | €5,538 | +€5,487 | +10,724% |
| Profit (loss) for the period before taxes | 9903 | €1,090,384 | €126,592 | -€963,792 | -88.4% |
| Income taxes | 67/77 | €113,822 | €39,941 | -€73,881 | -64.9% |
| Profit (loss) for the period | 9904 | €976,562 | €86,652 | -€889,911 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €976,562 | €86,652 | -€889,911 | -91.1% |
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 15 October 2026 via checked.be.