Le Catinou: 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.
Le Catinou
Largest movements
- Tangible fixed assets -€50,047
down €50,047 (-14.5%), from €345,585 to €295,539
of which Land and buildings: -€32,601
- Receivables within one year -€48,822
down €48,822 (-82.5%), from €59,176 to €10,354
- Cash -€4,984
down €4,984 (-51.3%), from €9,715 to €4,731
mainly Net result for the year (-€84,317) and Trade debts (-€41,032)
- Deferred charges and accrued income -€4,679
down €4,679 (-94.9%), from €4,931 to €252
- Profit (loss) carried forward -€84,317
down €84,317 (-35.7%), from -€236,288 to -€320,605
- Other debts +€42,897
up €42,897 (+74.6%), from €57,496 to €100,393
- Trade debts -€41,032
down €41,032 (-31.9%), from €128,726 to €87,695
- Debts after one year -€34,286
down €34,286 (-9.4%), from €363,096 to €328,810
- Tax, wage and social debts +€7,943
up €7,943 (+35.4%), from €22,439 to €30,382
of which Taxes: +€9,807
- Gross operating margin -€43,396
down €43,396 (-91.4%), from €47,458 to €4,062
- Staff costs -€38,257
down €38,257 (-55.7%), from €68,733 to €30,476
- Financial income -€2,915
down €2,915 (-65.2%), from €4,473 to €1,558
- Other operating charges -€2,138
down €2,138 (-72.0%), from €2,970 to €832
- Financial charges -€1,429
down €1,429 (-22.2%), from €6,443 to €5,014
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 | €433,738 | €325,401 | -€108,337 | -25.0% |
| Fixed assets | 21/28 | €345,585 | €295,539 | -€50,047 | -14.5% |
| Tangible fixed assets | 22/27 | €345,585 | €295,539 | -€50,047 | -14.5% |
| Land and buildings | 22 | €306,320 | €273,718 | -€32,601 | -10.6% |
| Plant, machinery and equipment | 23 | €31,418 | €20,985 | -€10,433 | -33.2% |
| Furniture and vehicles | 24 | €7,848 | €835 | -€7,012 | -89.4% |
| Current assets | 29/58 | €88,153 | €29,863 | -€58,290 | -66.1% |
| Stocks and contracts in progress | 3 | €14,330 | €14,526 | +€195 | +1.4% |
| Stocks | 30/36 | €14,330 | €14,526 | +€195 | +1.4% |
| Amounts receivable within one year | 40/41 | €59,176 | €10,354 | -€48,822 | -82.5% |
| Other amounts receivable | 41 | €59,176 | €10,354 | -€48,822 | -82.5% |
| Cash at bank and in hand | 54/58 | €9,715 | €4,731 | -€4,984 | -51.3% |
| Deferred charges and accrued income | 490/1 | €4,931 | €252 | -€4,679 | -94.9% |
| Total equity and liabilities | 10/49 | €433,738 | €325,401 | -€108,337 | -25.0% |
| Equity | 10/15 | -€173,718 | -€258,035 | -€84,317 | -48.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €12,570 | €12,570 | = | 0.0% |
| Distributable reserves | 133 | €12,570 | €12,570 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€236,288 | -€320,605 | -€84,317 | -35.7% |
| Amounts payable | 17/49 | €607,456 | €583,436 | -€24,020 | -4.0% |
| Amounts payable after more than one year | 17 | €363,096 | €328,810 | -€34,286 | -9.4% |
| Financial debts | 170/4 | €363,096 | €328,810 | -€34,286 | -9.4% |
| Amounts payable within one year | 42/48 | €242,947 | €253,839 | +€10,892 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €34,286 | €35,315 | +€1,030 | +3.0% |
| Financial debts | 43 | - | €55 | +€55 | |
| Credit institutions | 430/8 | - | €55 | +€55 | |
| Trade debts | 44 | €128,726 | €87,695 | -€41,032 | -31.9% |
| Suppliers | 440/4 | €128,726 | €87,695 | -€41,032 | -31.9% |
| Taxes, remuneration and social security | 45 | €22,439 | €30,382 | +€7,943 | +35.4% |
| Taxes | 450/3 | €15,735 | €25,541 | +€9,807 | +62.3% |
| Remuneration and social security | 454/9 | €6,704 | €4,840 | -€1,864 | -27.8% |
| Other amounts payable | 47/48 | €57,496 | €100,393 | +€42,897 | +74.6% |
| Accrued charges and deferred income | 492/3 | €1,414 | €787 | -€627 | -44.3% |
| Remuneration, social security and pensions | 62 | €68,733 | €30,476 | -€38,257 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,127 | €53,498 | -€629 | -1.2% |
| Other operating charges | 640/8 | €2,970 | €832 | -€2,138 | -72.0% |
| Gross operating margin | 9900 | €47,458 | €4,062 | -€43,396 | -91.4% |
| Operating profit (loss) | 9901 | -€78,373 | -€80,745 | -€2,372 | -3.0% |
| Financial income | 75/76B | €4,473 | €1,558 | -€2,915 | -65.2% |
| Recurring financial income | 75 | €4,473 | €1,558 | -€2,915 | -65.2% |
| Financial charges | 65/66B | €6,443 | €5,014 | -€1,429 | -22.2% |
| Recurring financial charges | 65 | €6,443 | €5,014 | -€1,429 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€80,343 | -€84,201 | -€3,858 | -4.8% |
| Income taxes | 67/77 | €115 | €116 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€80,458 | -€84,317 | -€3,859 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,458 | -€84,317 | -€3,859 | -4.8% |
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 29 October 2026 via checked.be.