Catry-Arias: 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.
Catry-Arias
Largest movements
- Tangible fixed assets +€180,627
up €180,627 (+66.4%), from €271,980 to €452,606
of which Land and buildings: +€183,035
- Receivables after one year -€132,000
down €132,000 (-13.2%), from €1.0m to €868,000
- Receivables within one year -€24,191
down €24,191 (-98.3%), from €24,610 to €418
of which Other amounts receivable: -€20,066
- Other debts +€141,449
up €141,449 (+29,820%), from €474 to €141,923
- Reserves -€115,095
down €115,095 (-13.4%), from €856,919 to €741,824
of which Distributable reserves: -€115,095
- Tax, wage and social debts -€30,664
down €30,664 (-23.8%), from €129,047 to €98,384
of which Taxes: -€32,154
- Current portion of long-term debt +€15,852
up €15,852 (+58.8%), from €26,937 to €42,789
- Gross operating margin +€29,619
up €29,619 (+7.5%), from €397,345 to €426,964
- Taxes +€11,699
up €11,699 (+12.2%), from €95,869 to €107,568
- Staff costs -€6,435
down €6,435 (-8.8%), from €72,887 to €66,452
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 | €1,311,613 | €1,330,652 | +€19,039 | +1.5% |
| Fixed assets | 21/28 | €273,380 | €454,006 | +€180,627 | +66.1% |
| Tangible fixed assets | 22/27 | €271,980 | €452,606 | +€180,627 | +66.4% |
| Land and buildings | 22 | €234,378 | €417,413 | +€183,035 | +78.1% |
| Plant, machinery and equipment | 23 | €27,622 | €28,020 | +€398 | +1.4% |
| Furniture and vehicles | 24 | €9,980 | €7,173 | -€2,807 | -28.1% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €1,038,233 | €876,645 | -€161,588 | -15.6% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €868,000 | -€132,000 | -13.2% |
| Other amounts receivable | 291 | €1,000,000 | €868,000 | -€132,000 | -13.2% |
| Amounts receivable within one year | 40/41 | €24,610 | €418 | -€24,191 | -98.3% |
| Trade receivables | 40 | €4,126 | - | -€4,126 | |
| Other amounts receivable | 41 | €20,484 | €418 | -€20,066 | -98.0% |
| Cash at bank and in hand | 54/58 | €8,216 | €8,227 | +€11 | +0.1% |
| Deferred charges and accrued income | 490/1 | €5,408 | - | -€5,408 | |
| Total equity and liabilities | 10/49 | €1,311,613 | €1,330,652 | +€19,039 | +1.5% |
| Equity | 10/15 | €962,943 | €847,848 | -€115,095 | -12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €856,919 | €741,824 | -€115,095 | -13.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €856,919 | €741,824 | -€115,095 | -13.4% |
| Profit (loss) carried forward | 14 | €87,424 | €87,424 | = | 0.0% |
| Amounts payable | 17/49 | €348,670 | €482,804 | +€134,134 | +38.5% |
| Amounts payable after more than one year | 17 | €182,825 | €177,536 | -€5,289 | -2.9% |
| Financial debts | 170/4 | €182,825 | €177,536 | -€5,289 | -2.9% |
| Amounts payable within one year | 42/48 | €165,845 | €305,268 | +€139,423 | +84.1% |
| Current portion of amounts payable after more than one year | 42 | €26,937 | €42,789 | +€15,852 | +58.8% |
| Trade debts | 44 | €9,386 | €22,172 | +€12,786 | +136% |
| Suppliers | 440/4 | €9,386 | €22,172 | +€12,786 | +136% |
| Taxes, remuneration and social security | 45 | €129,047 | €98,384 | -€30,664 | -23.8% |
| Taxes | 450/3 | €114,712 | €82,559 | -€32,154 | -28.0% |
| Remuneration and social security | 454/9 | €14,335 | €15,825 | +€1,490 | +10.4% |
| Other amounts payable | 47/48 | €474 | €141,923 | +€141,449 | +29,820% |
| Remuneration, social security and pensions | 62 | €72,887 | €66,452 | -€6,435 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,309 | €30,596 | -€1,713 | -5.3% |
| Other operating charges | 640/8 | €7,869 | €11,158 | +€3,289 | +41.8% |
| Gross operating margin | 9900 | €397,345 | €426,964 | +€29,619 | +7.5% |
| Operating profit (loss) | 9901 | €284,279 | €318,758 | +€34,479 | +12.1% |
| Financial income | 75/76B | €27,117 | €27,492 | +€376 | +1.4% |
| Recurring financial income | 75 | €27,117 | €27,492 | +€376 | +1.4% |
| Financial charges | 65/66B | €7,280 | €6,301 | -€979 | -13.5% |
| Recurring financial charges | 65 | €7,280 | €6,301 | -€979 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €304,116 | €339,949 | +€35,833 | +11.8% |
| Income taxes | 67/77 | €95,869 | €107,568 | +€11,699 | +12.2% |
| Profit (loss) for the period | 9904 | €208,246 | €232,381 | +€24,134 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €208,246 | €232,381 | +€24,134 | +11.6% |
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 20 October 2026 via checked.be.