CATTEEUW BERT: 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.
CATTEEUW BERT
Largest movements
- Receivables after one year -€55,000
down €55,000 (-25.0%), from €220,000 to €165,000
- Tangible fixed assets -€31,950
down €31,950 (-57.1%), from €55,995 to €24,045
of which Furniture and vehicles: -€16,590
- Receivables within one year +€26,805
up €26,805 (+31.5%), from €85,167 to €111,972
of which Trade receivables: +€18,150
- Cash +€15,244
up €15,244 (+185.1%), from €8,236 to €23,480
mainly Net result for the year (+€112,788) and Receivables after one year (+€55,000)
- Debts after one year -€54,221
down €54,221 (-35.1%), from €154,495 to €100,274
- Reserves +€12,788
up €12,788 (+6.4%), from €198,437 to €211,225
- Financial income -€19,039
down €19,039 (-44.5%), from €42,795 to €23,756
- Financial charges -€13,275
down €13,275 (-50.1%), from €26,483 to €13,208
- Gross operating margin +€11,632
up €11,632 (+7.8%), from €148,757 to €160,389
- Taxes +€2,984
up €2,984 (+7.9%), from €37,551 to €40,535
- Depreciation -€2,201
down €2,201 (-11.7%), from €18,791 to €16,590
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 | €578,103 | €533,156 | -€44,947 | -7.8% |
| Fixed assets | 21/28 | €258,495 | €226,545 | -€31,950 | -12.4% |
| Tangible fixed assets | 22/27 | €55,995 | €24,045 | -€31,950 | -57.1% |
| Plant, machinery and equipment | 23 | €15,360 | - | -€15,360 | |
| Furniture and vehicles | 24 | €40,635 | €24,045 | -€16,590 | -40.8% |
| Financial fixed assets | 28 | €202,500 | €202,500 | = | 0.0% |
| Current assets | 29/58 | €319,608 | €306,611 | -€12,997 | -4.1% |
| Amounts receivable after more than one year | 29 | €220,000 | €165,000 | -€55,000 | -25.0% |
| Other amounts receivable | 291 | €220,000 | €165,000 | -€55,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €85,167 | €111,972 | +€26,805 | +31.5% |
| Trade receivables | 40 | - | €18,150 | +€18,150 | |
| Other amounts receivable | 41 | €85,167 | €93,822 | +€8,655 | +10.2% |
| Cash at bank and in hand | 54/58 | €8,236 | €23,480 | +€15,244 | +185.1% |
| Deferred charges and accrued income | 490/1 | €6,205 | €6,159 | -€46 | -0.7% |
| Total equity and liabilities | 10/49 | €578,103 | €533,156 | -€44,947 | -7.8% |
| Equity | 10/15 | €219,015 | €231,803 | +€12,788 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,437 | €211,225 | +€12,788 | +6.4% |
| Distributable reserves | 133 | €198,437 | €211,225 | +€12,788 | +6.4% |
| Profit (loss) carried forward | 14 | €1,978 | €1,978 | = | 0.0% |
| Amounts payable | 17/49 | €359,088 | €301,353 | -€57,735 | -16.1% |
| Amounts payable after more than one year | 17 | €154,495 | €100,274 | -€54,221 | -35.1% |
| Financial debts | 170/4 | €154,495 | €100,274 | -€54,221 | -35.1% |
| Amounts payable within one year | 42/48 | €204,593 | €201,079 | -€3,514 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €71,453 | €69,441 | -€2,012 | -2.8% |
| Trade debts | 44 | €925 | €3,267 | +€2,342 | +253.2% |
| Suppliers | 440/4 | €925 | €3,267 | +€2,342 | +253.2% |
| Taxes, remuneration and social security | 45 | €38,975 | €35,173 | -€3,802 | -9.8% |
| Taxes | 450/3 | €38,975 | €35,173 | -€3,802 | -9.8% |
| Other amounts payable | 47/48 | €93,240 | €93,198 | -€42 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,791 | €16,590 | -€2,201 | -11.7% |
| Other operating charges | 640/8 | €994 | €1,024 | +€30 | +3.0% |
| Gross operating margin | 9900 | €148,757 | €160,389 | +€11,632 | +7.8% |
| Operating profit (loss) | 9901 | €128,972 | €142,775 | +€13,803 | +10.7% |
| Financial income | 75/76B | €42,795 | €23,756 | -€19,039 | -44.5% |
| Recurring financial income | 75 | €42,795 | €23,756 | -€19,039 | -44.5% |
| Financial charges | 65/66B | €26,483 | €13,208 | -€13,275 | -50.1% |
| Recurring financial charges | 65 | €26,483 | €13,208 | -€13,275 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €145,284 | €153,323 | +€8,039 | +5.5% |
| Income taxes | 67/77 | €37,551 | €40,535 | +€2,984 | +7.9% |
| Profit (loss) for the period | 9904 | €107,733 | €112,788 | +€5,055 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €107,733 | €112,788 | +€5,055 | +4.7% |
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 11 October 2026 via checked.be.