FRANCOIS CATH: 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.
FRANCOIS CATH
Largest movements
- Cash -€12,501
down €12,501 (-40.6%), from €30,802 to €18,301
mainly Stocks and contracts (-€10,800) and Net result for the year (-€7,786)
- Stocks and contracts +€10,800
up €10,800 (+1661.5%), from €650 to €11,450
- Tangible fixed assets -€9,032
down €9,032 (-27.4%), from €33,010 to €23,978
- Receivables within one year +€2,240
new in 2025: €2,240
- Profit (loss) carried forward -€7,786
down €7,786 (-8.1%), from -€96,035 to -€103,821
- Trade debts -€3,972
down €3,972 (-83.3%), from €4,766 to €794
- Tax, wage and social debts +€2,634
up €2,634 (+30.7%), from €8,577 to €11,212
of which Remuneration and social security: +€1,523
- Accrued charges and deferred income +€2,097
up €2,097 (+1315.6%), from €159 to €2,257
- Other debts -€2,083
down €2,083 (-1.5%), from €139,624 to €137,541
- Gross operating margin -€19,139
down €19,139 (-26.8%), from €71,481 to €52,342
- Staff costs +€6,398
up €6,398 (+17.0%), from €37,550 to €43,947
- Depreciation +€750
up €750 (+5.2%), from €14,463 to €15,213
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 | €69,492 | €60,382 | -€9,110 | -13.1% |
| Fixed assets | 21/28 | €37,023 | €27,991 | -€9,032 | -24.4% |
| Tangible fixed assets | 22/27 | €33,010 | €23,978 | -€9,032 | -27.4% |
| Furniture and vehicles | 24 | €33,010 | €23,978 | -€9,032 | -27.4% |
| Financial fixed assets | 28 | €4,013 | €4,013 | = | 0.0% |
| Current assets | 29/58 | €32,469 | €32,391 | -€77 | -0.2% |
| Stocks and contracts in progress | 3 | €650 | €11,450 | +€10,800 | +1661.5% |
| Stocks | 30/36 | €650 | €11,450 | +€10,800 | +1661.5% |
| Amounts receivable within one year | 40/41 | - | €2,240 | +€2,240 | |
| Trade receivables | 40 | - | €2,240 | +€2,240 | |
| Cash at bank and in hand | 54/58 | €30,802 | €18,301 | -€12,501 | -40.6% |
| Deferred charges and accrued income | 490/1 | €1,017 | €400 | -€616 | -60.6% |
| Total equity and liabilities | 10/49 | €69,492 | €60,382 | -€9,110 | -13.1% |
| Equity | 10/15 | -€83,635 | -€91,421 | -€7,786 | -9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,035 | -€103,821 | -€7,786 | -8.1% |
| Amounts payable | 17/49 | €153,126 | €151,803 | -€1,324 | -0.9% |
| Amounts payable within one year | 42/48 | €152,967 | €149,546 | -€3,421 | -2.2% |
| Trade debts | 44 | €4,766 | €794 | -€3,972 | -83.3% |
| Suppliers | 440/4 | €4,766 | €794 | -€3,972 | -83.3% |
| Taxes, remuneration and social security | 45 | €8,577 | €11,212 | +€2,634 | +30.7% |
| Taxes | 450/3 | €5,492 | €6,603 | +€1,111 | +20.2% |
| Remuneration and social security | 454/9 | €3,085 | €4,608 | +€1,523 | +49.4% |
| Other amounts payable | 47/48 | €139,624 | €137,541 | -€2,083 | -1.5% |
| Accrued charges and deferred income | 492/3 | €159 | €2,257 | +€2,097 | +1315.6% |
| Remuneration, social security and pensions | 62 | €37,550 | €43,947 | +€6,398 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,463 | €15,213 | +€750 | +5.2% |
| Other operating charges | 640/8 | €772 | €721 | -€52 | -6.7% |
| Gross operating margin | 9900 | €71,481 | €52,342 | -€19,139 | -26.8% |
| Operating profit (loss) | 9901 | €18,695 | -€7,540 | -€26,235 | |
| Financial income | 75/76B | €516 | €108 | -€409 | -79.2% |
| Recurring financial income | 75 | €516 | €108 | -€409 | -79.2% |
| Financial charges | 65/66B | €244 | €58 | -€185 | -76.1% |
| Recurring financial charges | 65 | €244 | €58 | -€185 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | €18,968 | -€7,490 | -€26,458 | |
| Income taxes | 67/77 | €425 | €296 | -€129 | -30.4% |
| Profit (loss) for the period | 9904 | €18,543 | -€7,786 | -€26,329 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,543 | -€7,786 | -€26,329 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.