DE KATHEDRAAL: 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.
DE KATHEDRAAL
Largest movements
- Current investments -€50,494
down €50,494 (-28.7%), from €176,137 to €125,643
- Tangible fixed assets -€40,717
down €40,717 (-5.7%), from €713,240 to €672,523
of which Land and buildings: -€27,818
- Cash +€23,315
up €23,315 (+14.2%), from €164,014 to €187,328
mainly Other debts (+€65,000) and Current investments (+€50,494)
- Reserves -€75,316
down €75,316 (-14.6%), from €516,658 to €441,343
of which Distributable reserves: -€65,000
- Other debts +€65,000
up €65,000, from €0 to €65,000
- Profit (loss) carried forward -€25,654
down €25,654 (-1,282%), from -€2,001 to -€27,655
- Debts after one year -€18,778
down €18,778 (-5.2%), from €360,452 to €341,674
- Gross operating margin -€17,315
down €17,315 (-44.5%), from €38,918 to €21,603
- Depreciation +€12,684
up €12,684 (+40.1%), from €31,663 to €44,347
- Staff costs +€2,357
new in 2025: €2,357
- Financial income -€2,130
down €2,130 (-45.3%), from €4,703 to €2,573
- Taxes -€1,829
down €1,829 (-64.9%), from €2,819 to €990
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.
Derived cash bridge
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 | €1,115,079 | €1,053,845 | -€61,235 | -5.5% |
| Fixed assets | 21/28 | €713,290 | €672,572 | -€40,717 | -5.7% |
| Tangible fixed assets | 22/27 | €713,240 | €672,523 | -€40,717 | -5.7% |
| Land and buildings | 22 | €658,672 | €630,854 | -€27,818 | -4.2% |
| Plant, machinery and equipment | 23 | €1,125 | €868 | -€257 | -22.8% |
| Furniture and vehicles | 24 | €53,444 | €40,801 | -€12,643 | -23.7% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €401,790 | €381,272 | -€20,518 | -5.1% |
| Amounts receivable within one year | 40/41 | €57,845 | €64,120 | +€6,275 | +10.8% |
| Trade receivables | 40 | €3,546 | €4,379 | +€834 | +23.5% |
| Other amounts receivable | 41 | €54,299 | €59,741 | +€5,442 | +10.0% |
| Current investments | 50/53 | €176,137 | €125,643 | -€50,494 | -28.7% |
| Cash at bank and in hand | 54/58 | €164,014 | €187,328 | +€23,315 | +14.2% |
| Deferred charges and accrued income | 490/1 | €3,795 | €4,181 | +€387 | +10.2% |
| Total equity and liabilities | 10/49 | €1,115,079 | €1,053,845 | -€61,235 | -5.5% |
| Equity | 10/15 | €673,309 | €572,340 | -€100,969 | -15.0% |
| Contributions | 10/11 | €158,652 | €158,652 | = | 0.0% |
| Reserves | 13 | €516,658 | €441,343 | -€75,316 | -14.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €172,823 | €162,508 | -€10,316 | -6.0% |
| Distributable reserves | 133 | €343,835 | €278,835 | -€65,000 | -18.9% |
| Profit (loss) carried forward | 14 | -€2,001 | -€27,655 | -€25,654 | -1,282% |
| Provisions and deferred taxes | 16 | €57,608 | €54,169 | -€3,439 | -6.0% |
| Deferred taxes | 168 | €57,608 | €54,169 | -€3,439 | -6.0% |
| Amounts payable | 17/49 | €384,163 | €427,336 | +€43,173 | +11.2% |
| Amounts payable after more than one year | 17 | €360,452 | €341,674 | -€18,778 | -5.2% |
| Financial debts | 170/4 | €360,452 | €341,674 | -€18,778 | -5.2% |
| Amounts payable within one year | 42/48 | €23,711 | €85,662 | +€61,951 | +261% |
| Current portion of amounts payable after more than one year | 42 | €18,385 | €18,778 | +€393 | +2.1% |
| Trade debts | 44 | €625 | €437 | -€188 | -30.1% |
| Suppliers | 440/4 | €625 | €437 | -€188 | -30.1% |
| Advances received on contracts in progress | 46 | €3,293 | €0 | -€3,293 | -100% |
| Taxes, remuneration and social security | 45 | €1,408 | €1,447 | +€39 | +2.8% |
| Taxes | 450/3 | €1,408 | €218 | -€1,190 | -84.5% |
| Remuneration and social security | 454/9 | - | €1,229 | +€1,229 | |
| Other amounts payable | 47/48 | €0 | €65,000 | +€65,000 | |
| Remuneration, social security and pensions | 62 | - | €2,357 | +€2,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,663 | €44,347 | +€12,684 | +40.1% |
| Other operating charges | 640/8 | €5,178 | €6,186 | +€1,008 | +19.5% |
| Gross operating margin | 9900 | €38,918 | €21,603 | -€17,315 | -44.5% |
| Operating profit (loss) | 9901 | €2,077 | -€31,287 | -€33,364 | |
| Financial income | 75/76B | €4,703 | €2,573 | -€2,130 | -45.3% |
| Recurring financial income | 75 | €4,703 | €2,573 | -€2,130 | -45.3% |
| Financial charges | 65/66B | €9,251 | €9,703 | +€451 | +4.9% |
| Recurring financial charges | 65 | €9,251 | €9,703 | +€451 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,472 | -€38,417 | -€35,945 | -1,454% |
| Transfer from deferred taxes | 780 | €2,484 | €3,439 | +€955 | +38.4% |
| Income taxes | 67/77 | €2,819 | €990 | -€1,829 | -64.9% |
| Profit (loss) for the period | 9904 | -€2,807 | -€35,969 | -€33,162 | -1,181% |
| Transfer from tax-exempt reserves | 789 | €7,452 | €10,316 | +€2,864 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,645 | -€25,654 | -€30,299 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.