CATTIMMO: 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
CATTIMMO
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€863,289
2023 · €616,124+€247,165
Equity
€14.7m
2023 · €13.8m+€863,289
Cash
€18,212
2023 · €87,767-€69,555
Balance sheet total
€43.7m
2023 · €46.8m-€3.1m
Largest movements
Assets
- Tangible fixed assets -€3.1m
down €3.1m (-6.6%), from €46.1m to €43.0m
of which Land and buildings: -€3.0m
Equity and liabilities
- Debts after one year -€3.7m
down €3.7m (-13.2%), from €27.9m to €24.2m
of which Financial debts: -€4.1m
- Reserves +€519,501
up €519,501 (+18.3%), from €2.8m to €3.4m
of which Tax-exempt reserves: +€501,407
Income statement
- Gross operating margin +€263,297
up €263,297 (+4.4%), from €6.0m to €6.3m
- Turnover +€205,562
up €205,562 (+4.5%), from €4.5m to €4.7m
- Write-downs -€88,306
down €88,306 (-76.6%), from €115,235 to €26,929
- Taxes +€84,879
up €84,879 (+14.7%), from €576,915 to €661,793
From the 2023 result to the 2024 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 2023
€616,124
Gross operating margin
+€263,297
Staff costs
-€7,797
Depreciation
-€34
Write-downs
+€88,306
Other operating charges
-€11,573
Other operating items
+€23,518
Financial income
-€1,635
Financial charges
-€22,038
Taxes
-€84,879
Result 2024
€863,289
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.6m
Investment
-€9,133
Financing
-€3.7m
Cash 2023
€87,767
From operations (derived)
+€3.6m
Net result for the year
+€863,289
Depreciation
+€3.1m
Receivables within one year
-€30,224
Deferred charges and accrued income
+€11,562
Smaller working-capital items
-€3,574
Trade debts
-€16,420
Other debts
-€200,000
Accrued charges and deferred income
-€66,763
Investment (derived)
-€9,133
Investment in fixed assets (net)
-€9,133
Financing
-€3.7m
Debts after one year
-€3.7m
Short-term financial debts
+€3,151
Cash 2024
€18,212
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,823,604 | €43,715,035 | -€3.1m | -6.6% |
| Fixed assets | 21/28 | €46,101,518 | €43,043,841 | -€3.1m | -6.6% |
| Tangible fixed assets | 22/27 | €46,101,155 | €43,043,478 | -€3.1m | -6.6% |
| Land and buildings | 22 | €46,058,275 | €43,028,211 | -€3.0m | -6.6% |
| Plant, machinery and equipment | 23 | €7,913 | €8,037 | +€124 | +1.6% |
| Furniture and vehicles | 24 | €17,795 | €7,231 | -€10,564 | -59.4% |
| Assets under construction and advance payments | 27 | €17,173 | - | -€17,173 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €722,086 | €671,193 | -€50,892 | -7.0% |
| Amounts receivable within one year | 40/41 | €571,169 | €601,393 | +€30,224 | +5.3% |
| Trade receivables | 40 | €515,931 | €548,373 | +€32,442 | +6.3% |
| Other amounts receivable | 41 | €55,238 | €53,020 | -€2,218 | -4.0% |
| Cash at bank and in hand | 54/58 | €87,767 | €18,212 | -€69,555 | -79.2% |
| Deferred charges and accrued income | 490/1 | €63,149 | €51,588 | -€11,562 | -18.3% |
| Total equity and liabilities | 10/49 | €46,823,604 | €43,715,035 | -€3.1m | -6.6% |
| Equity | 10/15 | €13,792,866 | €14,656,156 | +€863,289 | +6.3% |
| Contributions | 10/11 | €10,562,000 | €10,562,000 | = | 0.0% |
| Capital | 10 | €10,562,000 | €10,562,000 | = | 0.0% |
| Issued capital | 100 | €10,562,000 | €10,562,000 | = | 0.0% |
| Reserves | 13 | €2,840,910 | €3,360,412 | +€519,501 | +18.3% |
| Non-distributable reserves | 130/1 | €77,814 | €95,908 | +€18,094 | +23.3% |
| Legal reserve | 130 | €77,814 | €95,908 | +€18,094 | +23.3% |
| Tax-exempt reserves | 132 | €2,762,962 | €3,264,369 | +€501,407 | +18.1% |
| Distributable reserves | 133 | €134 | €134 | = | 0.0% |
| Profit (loss) carried forward | 14 | €389,956 | €733,744 | +€343,788 | +88.2% |
| Provisions and deferred taxes | 16 | €39,694 | €35,623 | -€4,071 | -10.3% |
| Deferred taxes | 168 | €39,694 | €35,623 | -€4,071 | -10.3% |
| Amounts payable | 17/49 | €32,991,044 | €29,023,256 | -€4.0m | -12.0% |
| Amounts payable after more than one year | 17 | €27,908,696 | €24,220,443 | -€3.7m | -13.2% |
| Financial debts | 170/4 | €26,945,186 | €22,807,377 | -€4.1m | -15.4% |
| Other amounts payable | 178/9 | €963,510 | €1,413,065 | +€449,555 | +46.7% |
| Amounts payable within one year | 42/48 | €4,873,908 | €4,661,136 | -€212,772 | -4.4% |
| Financial debts | 43 | €4,134,658 | €4,137,809 | +€3,151 | +0.1% |
| Credit institutions | 430/8 | €4,134,658 | €4,137,809 | +€3,151 | +0.1% |
| Trade debts | 44 | €453,039 | €436,620 | -€16,420 | -3.6% |
| Suppliers | 440/4 | €453,039 | €436,620 | -€16,420 | -3.6% |
| Advances received on contracts in progress | 46 | €5,396 | €5,396 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €80,687 | €81,184 | +€497 | +0.6% |
| Taxes | 450/3 | €68,676 | €62,383 | -€6,293 | -9.2% |
| Remuneration and social security | 454/9 | €12,011 | €18,801 | +€6,790 | +56.5% |
| Other amounts payable | 47/48 | €200,128 | €128 | -€200,000 | -99.9% |
| Accrued charges and deferred income | 492/3 | €208,440 | €141,677 | -€66,763 | -32.0% |
| Turnover | 70 | €4,536,425 | €4,741,988 | +€205,562 | +4.5% |
| Non-recurring operating income | 76A | €2 | - | -€2 | |
| Goods, raw materials, services and sundry goods | 60/61 | €785,138 | €816,733 | +€31,595 | +4.0% |
| Remuneration, social security and pensions | 62 | €166,095 | €173,892 | +€7,797 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,066,776 | €3,066,810 | +€34 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €115,235 | €26,929 | -€88,306 | -76.6% |
| Other operating charges | 640/8 | €618,915 | €630,488 | +€11,573 | +1.9% |
| Non-recurring operating charges | 66A | €35,416 | €11,898 | -€23,518 | -66.4% |
| Gross operating margin | 9900 | €5,989,887 | €6,253,185 | +€263,297 | +4.4% |
| Operating profit (loss) | 9901 | €1,987,451 | €2,343,168 | +€355,717 | +17.9% |
| Financial income | 75/76B | €447,584 | €445,949 | -€1,635 | -0.4% |
| Recurring financial income | 75 | €447,584 | €445,949 | -€1,635 | -0.4% |
| Financial charges | 65/66B | €1,246,067 | €1,268,105 | +€22,038 | +1.8% |
| Recurring financial charges | 65 | €1,246,067 | €1,268,105 | +€22,038 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €1,188,968 | €1,521,012 | +€332,044 | +27.9% |
| Transfer from deferred taxes | 780 | €4,071 | €4,071 | = | 0.0% |
| Income taxes | 67/77 | €576,915 | €661,793 | +€84,879 | +14.7% |
| Profit (loss) for the period | 9904 | €616,124 | €863,289 | +€247,165 | +40.1% |
| Transfer from tax-exempt reserves | 789 | €546,213 | €424,793 | -€121,420 | -22.2% |
| Transfer to tax-exempt reserves | 689 | €842,000 | €926,200 | +€84,200 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €320,337 | €361,882 | +€41,545 | +13.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.