D. CATREY: what changed
Two fiscal 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.
D. CATREY
Largest movements
- Receivables within one year +€44,549
up €44,549 (+58.6%), from €76,017 to €120,566
of which Other amounts receivable: +€42,375
- Cash -€36,053
down €36,053 (-52.7%), from €68,396 to €32,343
mainly Receivables within one year (-€44,549) and Trade debts (-€21,702)
- Tangible fixed assets -€8,557
down €8,557 (-32.8%), from €26,096 to €17,539
- Profit (loss) carried forward +€22,700
up €22,700 (+26.9%), from €84,249 to €106,949
- Trade debts -€21,702
down €21,702 (-49.9%), from €43,516 to €21,814
- Debts after one year -€8,989
down €8,989 (-56.8%), from €15,815 to €6,826
- Tax, wage and social debts +€7,637
up €7,637 (+63.5%), from €12,033 to €19,669
- Other operating charges +€6,621
up €6,621 (+80.8%), from €8,196 to €14,817
- Gross operating margin +€6,335
up €6,335 (+12.6%), from €50,210 to €56,545
- Financial income +€4,401
up €4,401 (+1225.5%), from €359 to €4,761
- Staff costs +€717
new in 2025: €717
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 | €170,509 | €170,448 | -€61 | 0.0% |
| Fixed assets | 21/28 | €26,096 | €17,539 | -€8,557 | -32.8% |
| Tangible fixed assets | 22/27 | €26,096 | €17,539 | -€8,557 | -32.8% |
| Furniture and vehicles | 24 | €26,096 | €17,539 | -€8,557 | -32.8% |
| Current assets | 29/58 | €144,413 | €152,909 | +€8,496 | +5.9% |
| Amounts receivable within one year | 40/41 | €76,017 | €120,566 | +€44,549 | +58.6% |
| Trade receivables | 40 | €14,899 | €17,073 | +€2,174 | +14.6% |
| Other amounts receivable | 41 | €61,118 | €103,493 | +€42,375 | +69.3% |
| Cash at bank and in hand | 54/58 | €68,396 | €32,343 | -€36,053 | -52.7% |
| Total equity and liabilities | 10/49 | €170,509 | €170,448 | -€61 | 0.0% |
| Equity | 10/15 | €90,449 | €113,149 | +€22,700 | +25.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,249 | €106,949 | +€22,700 | +26.9% |
| Amounts payable | 17/49 | €80,060 | €57,298 | -€22,761 | -28.4% |
| Amounts payable after more than one year | 17 | €15,815 | €6,826 | -€8,989 | -56.8% |
| Financial debts | 170/4 | €15,815 | €6,826 | -€8,989 | -56.8% |
| Amounts payable within one year | 42/48 | €64,245 | €50,473 | -€13,772 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €8,696 | €8,989 | +€293 | +3.4% |
| Trade debts | 44 | €43,516 | €21,814 | -€21,702 | -49.9% |
| Suppliers | 440/4 | €43,516 | €21,814 | -€21,702 | -49.9% |
| Taxes, remuneration and social security | 45 | €12,033 | €19,669 | +€7,637 | +63.5% |
| Taxes | 450/3 | €12,033 | €19,669 | +€7,637 | +63.5% |
| Remuneration, social security and pensions | 62 | - | €717 | +€717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,614 | €10,935 | +€321 | +3.0% |
| Other operating charges | 640/8 | €8,196 | €14,817 | +€6,621 | +80.8% |
| Gross operating margin | 9900 | €50,210 | €56,545 | +€6,335 | +12.6% |
| Operating profit (loss) | 9901 | €31,399 | €30,076 | -€1,324 | -4.2% |
| Financial income | 75/76B | €359 | €4,761 | +€4,401 | +1225.5% |
| Recurring financial income | 75 | €359 | €4,761 | +€4,401 | +1225.5% |
| Financial charges | 65/66B | €1,029 | €758 | -€271 | -26.4% |
| Recurring financial charges | 65 | €1,029 | €758 | -€271 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €30,729 | €34,078 | +€3,349 | +10.9% |
| Income taxes | 67/77 | €11,291 | €11,378 | +€87 | +0.8% |
| Profit (loss) for the period | 9904 | €19,438 | €22,700 | +€3,262 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,438 | €22,700 | +€3,262 | +16.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.