Catram: 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.
Catram
Largest movements
- Cash -€288,153
down €288,153 (-86.8%), from €332,065 to €43,912
mainly Contributions, distributions and other (-€378,000) and Receivables within one year (-€280,772)
- Receivables within one year +€280,772
up €280,772 (+115.7%), from €242,732 to €523,503
of which Trade receivables: +€275,730
- Current investments +€215,287
up €215,287 (+37.4%), from €575,908 to €791,195
- Receivables after one year -€30,000
down €30,000 (-37.5%), from €80,000 to €50,000
- Tangible fixed assets +€16,122
up €16,122 (+208.9%), from €7,716 to €23,838
of which Furniture and vehicles: +€16,327
- Other debts +€251,417
up €251,417 (+188.5%), from €133,364 to €384,781
- Tax, wage and social debts -€27,109
down €27,109 (-9.5%), from €285,769 to €258,660
- Current portion of long-term debt -€21,886
no longer reported in 2025 (was €21,886)
- Gross operating margin +€222,815
up €222,815 (+64.9%), from €343,580 to €566,395
- Taxes +€67,645
up €67,645 (+58.0%), from €116,588 to €184,232
- Other operating charges +€6,688
up €6,688 (+200.6%), from €3,334 to €10,022
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 | €1,239,082 | €1,432,448 | +€193,366 | +15.6% |
| Fixed assets | 21/28 | €7,716 | €23,838 | +€16,122 | +208.9% |
| Tangible fixed assets | 22/27 | €7,716 | €23,838 | +€16,122 | +208.9% |
| Land and buildings | 22 | €914 | €692 | -€223 | -24.3% |
| Plant, machinery and equipment | 23 | €2,742 | €2,760 | +€18 | +0.6% |
| Furniture and vehicles | 24 | €4,059 | €20,386 | +€16,327 | +402.2% |
| Current assets | 29/58 | €1,231,367 | €1,408,610 | +€177,244 | +14.4% |
| Amounts receivable after more than one year | 29 | €80,000 | €50,000 | -€30,000 | -37.5% |
| Other amounts receivable | 291 | €80,000 | €50,000 | -€30,000 | -37.5% |
| Amounts receivable within one year | 40/41 | €242,732 | €523,503 | +€280,772 | +115.7% |
| Trade receivables | 40 | €229,978 | €505,708 | +€275,730 | +119.9% |
| Other amounts receivable | 41 | €12,754 | €17,795 | +€5,041 | +39.5% |
| Current investments | 50/53 | €575,908 | €791,195 | +€215,287 | +37.4% |
| Cash at bank and in hand | 54/58 | €332,065 | €43,912 | -€288,153 | -86.8% |
| Deferred charges and accrued income | 490/1 | €662 | - | -€662 | |
| Total equity and liabilities | 10/49 | €1,239,082 | €1,432,448 | +€193,366 | +15.6% |
| Equity | 10/15 | €745,089 | €745,422 | +€333 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €584,860 | €584,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €583,000 | €583,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,629 | €141,962 | +€333 | +0.2% |
| Amounts payable | 17/49 | €493,993 | €687,026 | +€193,033 | +39.1% |
| Amounts payable within one year | 42/48 | €493,993 | €687,026 | +€193,033 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €21,886 | - | -€21,886 | |
| Trade debts | 44 | €52,974 | €43,584 | -€9,390 | -17.7% |
| Suppliers | 440/4 | €52,974 | €43,584 | -€9,390 | -17.7% |
| Taxes, remuneration and social security | 45 | €285,769 | €258,660 | -€27,109 | -9.5% |
| Taxes | 450/3 | €285,769 | €258,660 | -€27,109 | -9.5% |
| Other amounts payable | 47/48 | €133,364 | €384,781 | +€251,417 | +188.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,100 | €3,830 | +€730 | +23.5% |
| Other operating charges | 640/8 | €3,334 | €10,022 | +€6,688 | +200.6% |
| Gross operating margin | 9900 | €343,580 | €566,395 | +€222,815 | +64.9% |
| Operating profit (loss) | 9901 | €337,147 | €552,544 | +€215,397 | +63.9% |
| Financial income | 75/76B | €10,833 | €10,975 | +€142 | +1.3% |
| Recurring financial income | 75 | €10,833 | €10,975 | +€142 | +1.3% |
| Financial charges | 65/66B | €832 | €954 | +€122 | +14.7% |
| Recurring financial charges | 65 | €832 | €954 | +€122 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €347,149 | €562,565 | +€215,417 | +62.1% |
| Income taxes | 67/77 | €116,588 | €184,232 | +€67,645 | +58.0% |
| Profit (loss) for the period | 9904 | €230,561 | €378,333 | +€147,772 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €230,561 | €378,333 | +€147,772 | +64.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.