Ozan Catal: 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.
Ozan Catal
Largest movements
- Cash +€25,018
up €25,018 (+38.6%), from €64,781 to €89,799
mainly Net result for the year (+€35,733) and Depreciation (+€11,840)
- Receivables within one year +€7,571
up €7,571 (+52.7%), from €14,373 to €21,944
of which Other amounts receivable: +€5,739
- Tangible fixed assets -€7,532
down €7,532 (-16.0%), from €47,013 to €39,481
of which Furniture and vehicles: -€9,450
- Reserves +€34,900
up €34,900 (+44.6%), from €78,309 to €113,210
- Debts after one year -€9,725
down €9,725 (-27.8%), from €34,924 to €25,198
- Write-downs +€21,875
new in 2025: €21,875
- Gross operating margin +€8,771
up €8,771 (+12.2%), from €71,804 to €80,575
- Taxes -€2,563
down €2,563 (-21.1%), from €12,122 to €9,559
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 | €126,311 | €151,348 | +€25,037 | +19.8% |
| Fixed assets | 21/28 | €47,013 | €39,481 | -€7,532 | -16.0% |
| Tangible fixed assets | 22/27 | €47,013 | €39,481 | -€7,532 | -16.0% |
| Plant, machinery and equipment | 23 | - | €1,918 | +€1,918 | |
| Furniture and vehicles | 24 | €47,013 | €37,563 | -€9,450 | -20.1% |
| Current assets | 29/58 | €79,298 | €111,867 | +€32,569 | +41.1% |
| Amounts receivable within one year | 40/41 | €14,373 | €21,944 | +€7,571 | +52.7% |
| Trade receivables | 40 | €13,168 | €15,000 | +€1,832 | +13.9% |
| Other amounts receivable | 41 | €1,205 | €6,944 | +€5,739 | +476% |
| Cash at bank and in hand | 54/58 | €64,781 | €89,799 | +€25,018 | +38.6% |
| Deferred charges and accrued income | 490/1 | €143 | €124 | -€20 | -13.7% |
| Total equity and liabilities | 10/49 | €126,311 | €151,348 | +€25,037 | +19.8% |
| Equity | 10/15 | €78,409 | €113,310 | +€34,900 | +44.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €78,309 | €113,210 | +€34,900 | +44.6% |
| Distributable reserves | 133 | €78,309 | €113,210 | +€34,900 | +44.6% |
| Amounts payable | 17/49 | €47,902 | €38,038 | -€9,864 | -20.6% |
| Amounts payable after more than one year | 17 | €34,924 | €25,198 | -€9,725 | -27.8% |
| Financial debts | 170/4 | €34,924 | €25,198 | -€9,725 | -27.8% |
| Amounts payable within one year | 42/48 | €11,892 | €11,738 | -€154 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €9,338 | €9,725 | +€387 | +4.1% |
| Trade debts | 44 | €200 | €252 | +€51 | +25.7% |
| Suppliers | 440/4 | €200 | €252 | +€51 | +25.7% |
| Taxes, remuneration and social security | 45 | €1,495 | - | -€1,495 | |
| Taxes | 450/3 | €1,495 | - | -€1,495 | |
| Other amounts payable | 47/48 | €859 | €1,761 | +€902 | +105% |
| Accrued charges and deferred income | 492/3 | €1,086 | €1,101 | +€16 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,160 | €11,840 | -€321 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,875 | +€21,875 | |
| Other operating charges | 640/8 | - | €194 | +€194 | |
| Gross operating margin | 9900 | €71,804 | €80,575 | +€8,771 | +12.2% |
| Operating profit (loss) | 9901 | €59,644 | €46,666 | -€12,978 | -21.8% |
| Financial income | 75/76B | €230 | €371 | +€141 | +61.4% |
| Recurring financial income | 75 | €230 | €371 | +€141 | +61.4% |
| Financial charges | 65/66B | €1,428 | €1,744 | +€317 | +22.2% |
| Recurring financial charges | 65 | €1,428 | €1,744 | +€317 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €58,446 | €45,292 | -€13,153 | -22.5% |
| Income taxes | 67/77 | €12,122 | €9,559 | -€2,563 | -21.1% |
| Profit (loss) for the period | 9904 | €46,323 | €35,733 | -€10,590 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,323 | €35,733 | -€10,590 | -22.9% |
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.