CATTEEUW: 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.
What changed
CATTEEUW
NACE 49.410, Freight transport by road
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€42,126
2024 · €301,201-€343,326
Equity
€1.0m
2024 · €1.1m-€42,126
Cash
€136,838
2024 · €153,025-€16,187
Balance sheet total
€2.1m
2024 · €2.4m-€235,723
Largest movements
Assets
- Tangible fixed assets -€174,919
down €174,919 (-9.6%), from €1.8m to €1.7m
of which Furniture and vehicles: -€96,961
- Receivables within one year -€34,836
down €34,836 (-14.2%), from €244,790 to €209,954
of which Other amounts receivable: -€30,240
Equity and liabilities
- Debts after one year -€114,084
down €114,084 (-15.9%), from €715,994 to €601,910
- Reserves -€42,126
down €42,126 (-4.5%), from €934,455 to €892,329
of which Distributable reserves: -€27,093
- Current portion of long-term debt -€31,007
down €31,007 (-18.0%), from €171,964 to €140,956
- Trade debts -€28,828
down €28,828 (-47.0%), from €61,306 to €32,478
Income statement
- Gross operating margin -€394,149
down €394,149 (-33.5%), from €1.2m to €782,012
- Depreciation +€27,405
up €27,405 (+14.9%), from €183,821 to €211,226
- Taxes -€13,785
down €13,785 (-99.0%), from €13,918 to €133
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.
Result 2024
€301,201
Gross operating margin
-€394,149
Staff costs
-€3,217
Depreciation
-€27,405
Other operating charges
+€2,761
Other operating items
-€3,562
Financial income
+€415
Financial charges
+€2,690
Taxes
+€13,785
Deferred taxes and other
+€65,355
Result 2025
-€42,126
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.
From operations
+€178,062
Investment
-€36,307
Financing
-€157,942
Cash 2024
€153,025
From operations (derived)
+€178,062
Net result for the year
-€42,126
Depreciation
+€211,226
Receivables within one year
+€34,836
Deferred charges and accrued income
+€9,781
Provisions
-€5,011
Trade debts
-€28,828
Tax, wage and social debts
-€1,816
Investment (derived)
-€36,307
Investment in fixed assets (net)
-€36,307
Financing
-€157,942
Debts after one year
-€114,084
Current portion of long-term debt
-€31,007
Short-term financial debts
-€12,850
Cash 2025
€136,838
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,377,876 | €2,142,153 | -€235,723 | -9.9% |
| Fixed assets | 21/28 | €1,832,956 | €1,658,037 | -€174,919 | -9.5% |
| Tangible fixed assets | 22/27 | €1,831,277 | €1,656,358 | -€174,919 | -9.6% |
| Land and buildings | 22 | €1,136,731 | €1,085,915 | -€50,816 | -4.5% |
| Plant, machinery and equipment | 23 | €45,242 | €39,200 | -€6,043 | -13.4% |
| Furniture and vehicles | 24 | €517,899 | €420,939 | -€96,961 | -18.7% |
| Leasing and similar rights | 25 | €131,404 | €103,180 | -€28,224 | -21.5% |
| Assets under construction and advance payments | 27 | - | €7,125 | +€7,125 | |
| Financial fixed assets | 28 | €1,679 | €1,679 | = | 0.0% |
| Current assets | 29/58 | €544,920 | €484,116 | -€60,804 | -11.2% |
| Amounts receivable within one year | 40/41 | €244,790 | €209,954 | -€34,836 | -14.2% |
| Trade receivables | 40 | €123,692 | €119,096 | -€4,596 | -3.7% |
| Other amounts receivable | 41 | €121,098 | €90,858 | -€30,240 | -25.0% |
| Current investments | 50/53 | €57,016 | €57,016 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €153,025 | €136,838 | -€16,187 | -10.6% |
| Deferred charges and accrued income | 490/1 | €90,090 | €80,308 | -€9,781 | -10.9% |
| Total equity and liabilities | 10/49 | €2,377,876 | €2,142,153 | -€235,723 | -9.9% |
| Equity | 10/15 | €1,064,389 | €1,022,263 | -€42,126 | -4.0% |
| Contributions | 10/11 | €116,035 | €116,035 | = | 0.0% |
| Revaluation surpluses | 12 | €13,899 | €13,899 | = | 0.0% |
| Reserves | 13 | €934,455 | €892,329 | -€42,126 | -4.5% |
| Non-distributable reserves | 130/1 | €57,016 | €57,016 | = | 0.0% |
| Own shares acquired | 1312 | €57,016 | €57,016 | = | 0.0% |
| Tax-exempt reserves | 132 | €678,776 | €663,743 | -€15,032 | -2.2% |
| Distributable reserves | 133 | €198,664 | €171,570 | -€27,093 | -13.6% |
| Provisions and deferred taxes | 16 | €95,771 | €90,760 | -€5,011 | -5.2% |
| Deferred taxes | 168 | €95,771 | €90,760 | -€5,011 | -5.2% |
| Amounts payable | 17/49 | €1,217,717 | €1,029,131 | -€188,586 | -15.5% |
| Amounts payable after more than one year | 17 | €715,994 | €601,910 | -€114,084 | -15.9% |
| Financial debts | 170/4 | €715,994 | €601,910 | -€114,084 | -15.9% |
| Amounts payable within one year | 42/48 | €501,723 | €427,220 | -€74,502 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €171,964 | €140,956 | -€31,007 | -18.0% |
| Financial debts | 43 | €200,797 | €187,947 | -€12,850 | -6.4% |
| Credit institutions | 430/8 | €200,797 | €187,947 | -€12,850 | -6.4% |
| Trade debts | 44 | €61,306 | €32,478 | -€28,828 | -47.0% |
| Suppliers | 440/4 | €61,306 | €32,478 | -€28,828 | -47.0% |
| Taxes, remuneration and social security | 45 | €67,656 | €65,840 | -€1,816 | -2.7% |
| Taxes | 450/3 | €14,043 | €14,344 | +€300 | +2.1% |
| Remuneration and social security | 454/9 | €53,613 | €51,496 | -€2,117 | -3.9% |
| Non-recurring operating income | 76A | €405,448 | €0 | -€405,448 | -100.0% |
| Remuneration, social security and pensions | 62 | €562,302 | €565,519 | +€3,217 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,821 | €211,226 | +€27,405 | +14.9% |
| Other operating charges | 640/8 | €10,842 | €8,081 | -€2,761 | -25.5% |
| Non-recurring operating charges | 66A | €221 | €3,783 | +€3,562 | +1612.4% |
| Gross operating margin | 9900 | €1,176,161 | €782,012 | -€394,149 | -33.5% |
| Operating profit (loss) | 9901 | €418,975 | -€6,597 | -€425,572 | |
| Financial income | 75/76B | €3,481 | €3,896 | +€415 | +11.9% |
| Recurring financial income | 75 | €3,481 | €3,896 | +€415 | +11.9% |
| Financial charges | 65/66B | €46,993 | €44,302 | -€2,690 | -5.7% |
| Recurring financial charges | 65 | €46,993 | €44,302 | -€2,690 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €375,463 | -€47,004 | -€422,467 | |
| Transfer from deferred taxes | 780 | €3,117 | €5,011 | +€1,894 | +60.7% |
| Transfer to deferred taxes | 680 | €63,462 | €0 | -€63,462 | -100.0% |
| Income taxes | 67/77 | €13,918 | €133 | -€13,785 | -99.0% |
| Profit (loss) for the period | 9904 | €301,201 | -€42,126 | -€343,326 | |
| Transfer from tax-exempt reserves | 789 | €9,352 | €15,032 | +€5,681 | +60.7% |
| Transfer to tax-exempt reserves | 689 | €172,724 | €0 | -€172,724 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €137,828 | -€27,093 | -€164,921 |
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 12 October 2026 via checked.be.