DR DATH CATHERINE: 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.
DR DATH CATHERINE
Largest movements
- Intangible fixed assets -€21,500
down €21,500 (-50.0%), from €43,000 to €21,500
- Cash +€20,853
up €20,853 (+12.0%), from €173,429 to €194,282
mainly Net result for the year (+€42,254) and Depreciation (+€29,545)
- Current investments +€18,000
up €18,000 (+35.3%), from €51,000 to €69,000
- Receivables within one year -€8,299
down €8,299 (-15.5%), from €53,381 to €45,082
of which Trade receivables: -€11,856
- Other debts +€8,672
up €8,672 (+2.8%), from €310,250 to €318,922
- Gross operating margin -€22,054
down €22,054 (-20.6%), from €107,316 to €85,262
- Taxes -€4,106
down €4,106 (-25.1%), from €16,338 to €12,232
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 | €342,691 | €350,486 | +€7,795 | +2.3% |
| Fixed assets | 21/28 | €63,750 | €41,102 | -€22,648 | -35.5% |
| Intangible fixed assets | 21 | €43,000 | €21,500 | -€21,500 | -50.0% |
| Tangible fixed assets | 22/27 | €20,490 | €19,342 | -€1,148 | -5.6% |
| Furniture and vehicles | 24 | €14,531 | €8,031 | -€6,500 | -44.7% |
| Other tangible fixed assets | 26 | €5,959 | €11,311 | +€5,352 | +89.8% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €278,941 | €309,384 | +€30,444 | +10.9% |
| Amounts receivable within one year | 40/41 | €53,381 | €45,082 | -€8,299 | -15.5% |
| Trade receivables | 40 | €51,376 | €39,520 | -€11,856 | -23.1% |
| Other amounts receivable | 41 | €2,005 | €5,563 | +€3,557 | +177% |
| Current investments | 50/53 | €51,000 | €69,000 | +€18,000 | +35.3% |
| Cash at bank and in hand | 54/58 | €173,429 | €194,282 | +€20,853 | +12.0% |
| Deferred charges and accrued income | 490/1 | €1,131 | €1,020 | -€111 | -9.8% |
| Total equity and liabilities | 10/49 | €342,691 | €350,486 | +€7,795 | +2.3% |
| Equity | 10/15 | €26,700 | €26,700 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,100 | €8,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,100 | €8,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,100 | €8,100 | = | 0.0% |
| Amounts payable | 17/49 | €315,991 | €323,786 | +€7,795 | +2.5% |
| Amounts payable within one year | 42/48 | €315,991 | €323,786 | +€7,795 | +2.5% |
| Trade debts | 44 | €1,082 | €637 | -€445 | -41.1% |
| Suppliers | 440/4 | €1,082 | €637 | -€445 | -41.1% |
| Taxes, remuneration and social security | 45 | €4,658 | €4,226 | -€432 | -9.3% |
| Taxes | 450/3 | €4,658 | €4,226 | -€432 | -9.3% |
| Other amounts payable | 47/48 | €310,250 | €318,922 | +€8,672 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,062 | €29,545 | -€516 | -1.7% |
| Gross operating margin | 9900 | €107,316 | €85,262 | -€22,054 | -20.6% |
| Operating profit (loss) | 9901 | €77,255 | €55,717 | -€21,538 | -27.9% |
| Financial income | 75/76B | €275 | €818 | +€542 | +197% |
| Recurring financial income | 75 | €275 | €818 | +€542 | +197% |
| Financial charges | 65/66B | €2,372 | €2,048 | -€324 | -13.7% |
| Recurring financial charges | 65 | €2,372 | €2,048 | -€324 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €75,158 | €54,486 | -€20,671 | -27.5% |
| Income taxes | 67/77 | €16,338 | €12,232 | -€4,106 | -25.1% |
| Profit (loss) for the period | 9904 | €58,820 | €42,254 | -€16,565 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,820 | €42,254 | -€16,565 | -28.2% |
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 26 October 2026 via checked.be.