CATTEEUW PATRICK: 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 PATRICK
Largest movements
- Tangible fixed assets -€46,653
down €46,653 (-12.4%), from €375,730 to €329,076
of which Land and buildings: -€26,463
- Current investments +€34,804
up €34,804 (+66.9%), from €52,000 to €86,804
- Receivables within one year +€23,880
up €23,880 (+27.4%), from €87,243 to €111,123
of which Other amounts receivable: +€18,130
- Cash +€10,497
up €10,497 (+7.5%), from €139,707 to €150,204
mainly Net result for the year (+€108,575) and Depreciation (+€52,621)
- Reserves +€85,899
up €85,899 (+21.4%), from €401,049 to €486,948
- Debts after one year -€76,462
down €76,462 (-24.8%), from €308,888 to €232,425
- Tax, wage and social debts +€14,180
up €14,180 (+113.1%), from €12,543 to €26,723
- Taxes -€4,863
down €4,863 (-9.3%), from €52,478 to €47,614
- Gross operating margin -€4,392
down €4,392 (-2.0%), from €215,123 to €210,731
- Other operating charges -€4,166
down €4,166 (-64.6%), from €6,453 to €2,288
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 | €816,292 | €840,747 | +€24,455 | +3.0% |
| Fixed assets | 21/28 | €375,730 | €329,076 | -€46,653 | -12.4% |
| Tangible fixed assets | 22/27 | €375,730 | €329,076 | -€46,653 | -12.4% |
| Land and buildings | 22 | €305,662 | €279,199 | -€26,463 | -8.7% |
| Furniture and vehicles | 24 | €70,068 | €49,878 | -€20,190 | -28.8% |
| Current assets | 29/58 | €440,562 | €511,671 | +€71,109 | +16.1% |
| Amounts receivable after more than one year | 29 | €157,780 | €157,780 | = | 0.0% |
| Other amounts receivable | 291 | €157,780 | €157,780 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €87,243 | €111,123 | +€23,880 | +27.4% |
| Trade receivables | 40 | €40,751 | €46,501 | +€5,750 | +14.1% |
| Other amounts receivable | 41 | €46,493 | €64,623 | +€18,130 | +39.0% |
| Current investments | 50/53 | €52,000 | €86,804 | +€34,804 | +66.9% |
| Cash at bank and in hand | 54/58 | €139,707 | €150,204 | +€10,497 | +7.5% |
| Deferred charges and accrued income | 490/1 | €3,832 | €5,760 | +€1,928 | +50.3% |
| Total equity and liabilities | 10/49 | €816,292 | €840,747 | +€24,455 | +3.0% |
| Equity | 10/15 | €407,249 | €493,148 | +€85,899 | +21.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €401,049 | €486,948 | +€85,899 | +21.4% |
| Distributable reserves | 133 | €401,049 | €486,948 | +€85,899 | +21.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €409,043 | €347,600 | -€61,444 | -15.0% |
| Amounts payable after more than one year | 17 | €308,888 | €232,425 | -€76,462 | -24.8% |
| Financial debts | 170/4 | €308,888 | €232,425 | -€76,462 | -24.8% |
| Amounts payable within one year | 42/48 | €98,933 | €109,206 | +€10,273 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €75,053 | €76,462 | +€1,410 | +1.9% |
| Trade debts | 44 | €11,338 | €6,021 | -€5,317 | -46.9% |
| Suppliers | 440/4 | €11,338 | €6,021 | -€5,317 | -46.9% |
| Taxes, remuneration and social security | 45 | €12,543 | €26,723 | +€14,180 | +113.1% |
| Taxes | 450/3 | €12,543 | €26,723 | +€14,180 | +113.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,223 | €5,968 | +€4,745 | +388.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,598 | €52,621 | +€1,024 | +2.0% |
| Other operating charges | 640/8 | €6,453 | €2,288 | -€4,166 | -64.6% |
| Gross operating margin | 9900 | €215,123 | €210,731 | -€4,392 | -2.0% |
| Operating profit (loss) | 9901 | €157,072 | €155,822 | -€1,250 | -0.8% |
| Financial income | 75/76B | €7,561 | €7,508 | -€53 | -0.7% |
| Recurring financial income | 75 | €7,561 | €7,508 | -€53 | -0.7% |
| Financial charges | 65/66B | €7,933 | €7,141 | -€792 | -10.0% |
| Recurring financial charges | 65 | €7,933 | €7,141 | -€792 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €156,700 | €156,189 | -€511 | -0.3% |
| Income taxes | 67/77 | €52,478 | €47,614 | -€4,863 | -9.3% |
| Profit (loss) for the period | 9904 | €104,223 | €108,575 | +€4,352 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,223 | €108,575 | +€4,352 | +4.2% |
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 9 October 2026 via checked.be.