IMMO CATTAERT: 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.
IMMO CATTAERT
Largest movements
- Tangible fixed assets -€41,967
down €41,967 (-18.6%), from €225,306 to €183,340
of which Furniture and vehicles: -€25,452
- Current investments +€25,000
up €25,000 (+11.6%), from €215,000 to €240,000
- Cash -€14,321
down €14,321 (-51.9%), from €27,605 to €13,284
mainly Other debts (-€40,036) and Current investments (-€25,000)
- Other debts -€40,036
down €40,036 (-16.4%), from €244,011 to €203,976
- Reserves +€20,687
up €20,687 (+15.5%), from €133,488 to €154,175
of which Distributable reserves: +€20,687
- Debts after one year -€18,042
down €18,042 (-35.7%), from €50,543 to €32,501
- Tax, wage and social debts +€6,513
up €6,513 (+21.4%), from €30,371 to €36,883
of which Taxes: +€8,438
- Gross operating margin +€31,701
up €31,701 (+16.9%), from €187,783 to €219,484
- Depreciation +€12,210
up €12,210 (+41.0%), from €29,757 to €41,967
- Financial charges -€11,123
down €11,123 (-21.0%), from €53,053 to €41,930
- Taxes +€8,912
up €8,912 (+281.8%), from €3,163 to €12,075
- Staff costs +€5,232
up €5,232 (+5.3%), from €98,692 to €103,924
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 | €513,553 | €478,709 | -€34,844 | -6.8% |
| Fixed assets | 21/28 | €225,306 | €183,340 | -€41,967 | -18.6% |
| Tangible fixed assets | 22/27 | €225,306 | €183,340 | -€41,967 | -18.6% |
| Land and buildings | 22 | €92,400 | €81,200 | -€11,200 | -12.1% |
| Plant, machinery and equipment | 23 | €38,301 | €32,986 | -€5,314 | -13.9% |
| Furniture and vehicles | 24 | €94,606 | €69,153 | -€25,452 | -26.9% |
| Current assets | 29/58 | €288,247 | €295,369 | +€7,122 | +2.5% |
| Amounts receivable within one year | 40/41 | €45,642 | €42,085 | -€3,557 | -7.8% |
| Trade receivables | 40 | €45,642 | €41,957 | -€3,685 | -8.1% |
| Other amounts receivable | 41 | €0 | €128 | +€128 | |
| Current investments | 50/53 | €215,000 | €240,000 | +€25,000 | +11.6% |
| Cash at bank and in hand | 54/58 | €27,605 | €13,284 | -€14,321 | -51.9% |
| Total equity and liabilities | 10/49 | €513,553 | €478,709 | -€34,844 | -6.8% |
| Equity | 10/15 | €145,888 | €166,575 | +€20,687 | +14.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €133,488 | €154,175 | +€20,687 | +15.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €133,488 | €154,175 | +€20,687 | +15.5% |
| Amounts payable | 17/49 | €367,665 | €312,134 | -€55,531 | -15.1% |
| Amounts payable after more than one year | 17 | €50,543 | €32,501 | -€18,042 | -35.7% |
| Financial debts | 170/4 | €50,543 | €32,501 | -€18,042 | -35.7% |
| Amounts payable within one year | 42/48 | €306,090 | €270,258 | -€35,831 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €18,500 | €18,042 | -€458 | -2.5% |
| Financial debts | 43 | €1,760 | €654 | -€1,106 | -62.9% |
| Credit institutions | 430/8 | €1,760 | €654 | -€1,106 | -62.9% |
| Trade debts | 44 | €11,448 | €10,703 | -€745 | -6.5% |
| Suppliers | 440/4 | €11,448 | €10,703 | -€745 | -6.5% |
| Taxes, remuneration and social security | 45 | €30,371 | €36,883 | +€6,513 | +21.4% |
| Taxes | 450/3 | €13,454 | €21,893 | +€8,438 | +62.7% |
| Remuneration and social security | 454/9 | €16,917 | €14,991 | -€1,926 | -11.4% |
| Other amounts payable | 47/48 | €244,011 | €203,976 | -€40,036 | -16.4% |
| Accrued charges and deferred income | 492/3 | €11,032 | €9,375 | -€1,657 | -15.0% |
| Remuneration, social security and pensions | 62 | €98,692 | €103,924 | +€5,232 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,757 | €41,967 | +€12,210 | +41.0% |
| Other operating charges | 640/8 | €6,286 | €4,054 | -€2,232 | -35.5% |
| Gross operating margin | 9900 | €187,783 | €219,484 | +€31,701 | +16.9% |
| Operating profit (loss) | 9901 | €53,048 | €69,539 | +€16,491 | +31.1% |
| Financial income | 75/76B | €4,934 | €5,152 | +€218 | +4.4% |
| Recurring financial income | 75 | €4,934 | €5,152 | +€218 | +4.4% |
| Financial charges | 65/66B | €53,053 | €41,930 | -€11,123 | -21.0% |
| Recurring financial charges | 65 | €53,053 | €41,930 | -€11,123 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €4,929 | €32,761 | +€27,832 | +564.6% |
| Income taxes | 67/77 | €3,163 | €12,075 | +€8,912 | +281.8% |
| Profit (loss) for the period | 9904 | €1,767 | €20,687 | +€18,920 | +1071.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,767 | €20,687 | +€18,920 | +1071.0% |
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 8 October 2026 via checked.be.