CATOULE: 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.
CATOULE
Largest movements
- Receivables within one year +€271,383
up €271,383 (+635.2%), from €42,726 to €314,110
of which Trade receivables: +€312,884
- Tangible fixed assets +€137,609
up €137,609 (+4.3%), from €3.2m to €3.4m
of which Furniture and vehicles: +€134,815
- Stocks and contracts -€53,094
no longer reported in 2025 (was €53,094)
- Reserves +€370,000
up €370,000 (+109.8%), from €336,938 to €706,938
of which Distributable reserves: +€370,000
- Debts after one year -€183,952
down €183,952 (-7.8%), from €2.4m to €2.2m
of which Financial debts: -€183,952
- Tax, wage and social debts +€161,867
up €161,867 (+3372.2%), from €4,800 to €166,667
of which Taxes: +€159,867
- Current portion of long-term debt +€48,193
up €48,193 (+13.5%), from €356,568 to €404,761
- Gross operating margin +€360,525
up €360,525 (+65.8%), from €548,258 to €908,783
- Taxes +€157,211
up €157,211 (+734.8%), from €21,395 to €178,606
- Depreciation -€102,354
down €102,354 (-26.8%), from €381,959 to €279,604
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 | €3,418,473 | €3,813,333 | +€394,860 | +11.6% |
| Fixed assets | 21/28 | €3,218,107 | €3,355,716 | +€137,609 | +4.3% |
| Tangible fixed assets | 22/27 | €3,218,107 | €3,355,716 | +€137,609 | +4.3% |
| Land and buildings | 22 | €1,649,561 | €1,603,386 | -€46,175 | -2.8% |
| Plant, machinery and equipment | 23 | €95,656 | €143,206 | +€47,550 | +49.7% |
| Furniture and vehicles | 24 | €163,044 | €297,858 | +€134,815 | +82.7% |
| Other tangible fixed assets | 26 | €1,309,848 | €1,311,266 | +€1,418 | +0.1% |
| Current assets | 29/58 | €200,365 | €457,617 | +€257,251 | +128.4% |
| Stocks and contracts in progress | 3 | €53,094 | - | -€53,094 | |
| Stocks | 30/36 | €53,094 | - | -€53,094 | |
| Amounts receivable within one year | 40/41 | €42,726 | €314,110 | +€271,383 | +635.2% |
| Trade receivables | 40 | €1,226 | €314,110 | +€312,884 | +25524.2% |
| Other amounts receivable | 41 | €41,501 | - | -€41,501 | |
| Cash at bank and in hand | 54/58 | €90,073 | €127,486 | +€37,413 | +41.5% |
| Deferred charges and accrued income | 490/1 | €14,472 | €16,021 | +€1,549 | +10.7% |
| Total equity and liabilities | 10/49 | €3,418,473 | €3,813,333 | +€394,860 | +11.6% |
| Equity | 10/15 | €566,061 | €938,260 | +€372,199 | +65.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €336,938 | €706,938 | +€370,000 | +109.8% |
| Tax-exempt reserves | 132 | €67,100 | €67,100 | = | 0.0% |
| Distributable reserves | 133 | €269,838 | €639,838 | +€370,000 | +137.1% |
| Profit (loss) carried forward | 14 | €210,523 | €212,722 | +€2,199 | +1.0% |
| Amounts payable | 17/49 | €2,852,412 | €2,875,073 | +€22,662 | +0.8% |
| Amounts payable after more than one year | 17 | €2,350,414 | €2,166,462 | -€183,952 | -7.8% |
| Financial debts | 170/4 | €2,122,676 | €1,938,724 | -€183,952 | -8.7% |
| Other amounts payable | 178/9 | €227,738 | €227,738 | = | 0.0% |
| Amounts payable within one year | 42/48 | €487,683 | €701,257 | +€213,574 | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €356,568 | €404,761 | +€48,193 | +13.5% |
| Trade debts | 44 | €122,786 | €101,129 | -€21,658 | -17.6% |
| Suppliers | 440/4 | €122,786 | €101,129 | -€21,658 | -17.6% |
| Taxes, remuneration and social security | 45 | €4,800 | €166,667 | +€161,867 | +3372.2% |
| Taxes | 450/3 | €2,800 | €162,667 | +€159,867 | +5709.6% |
| Remuneration and social security | 454/9 | €2,000 | €4,000 | +€2,000 | +100.0% |
| Other amounts payable | 47/48 | €3,529 | €28,700 | +€25,171 | +713.2% |
| Accrued charges and deferred income | 492/3 | €14,314 | €7,354 | -€6,960 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381,959 | €279,604 | -€102,354 | -26.8% |
| Other operating charges | 640/8 | €20,886 | €19,844 | -€1,041 | -5.0% |
| Gross operating margin | 9900 | €548,258 | €908,783 | +€360,525 | +65.8% |
| Operating profit (loss) | 9901 | €145,414 | €609,335 | +€463,921 | +319.0% |
| Financial income | 75/76B | €158 | €72 | -€85 | -54.2% |
| Recurring financial income | 75 | €158 | €72 | -€85 | -54.2% |
| Financial charges | 65/66B | €61,919 | €58,602 | -€3,317 | -5.4% |
| Recurring financial charges | 65 | €61,919 | €58,602 | -€3,317 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €83,652 | €550,805 | +€467,152 | +558.4% |
| Income taxes | 67/77 | €21,395 | €178,606 | +€157,211 | +734.8% |
| Profit (loss) for the period | 9904 | €62,258 | €372,199 | +€309,941 | +497.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,258 | €372,199 | +€309,941 | +497.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.