SINT-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.
SINT-CATHERINE
Largest movements
- Cash +€50,859
up €50,859 (+1,189%), from €4,277 to €55,136
mainly Net result for the year (+€79,570) and Depreciation (+€15,093)
- Receivables after one year +€26,085
up €26,085 (+24.9%), from €104,941 to €131,026
- Reserves +€75,770
up €75,770 (+56.0%), from €135,364 to €211,134
of which Distributable reserves: +€75,770
- Gross operating margin +€25,802
up €25,802 (+21.0%), from €123,109 to €148,911
- Taxes +€18,457
up €18,457 (+101%), from €18,283 to €36,740
- Financial charges -€1,915
down €1,915 (-23.5%), from €8,156 to €6,241
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 | €1,577,958 | €1,644,289 | +€66,330 | +4.2% |
| Fixed assets | 21/28 | €1,458,292 | €1,446,100 | -€12,193 | -0.8% |
| Tangible fixed assets | 22/27 | €1,458,292 | €1,446,100 | -€12,193 | -0.8% |
| Land and buildings | 22 | €1,448,397 | €1,435,394 | -€13,003 | -0.9% |
| Plant, machinery and equipment | 23 | €9,896 | €10,706 | +€810 | +8.2% |
| Current assets | 29/58 | €119,666 | €198,189 | +€78,523 | +65.6% |
| Amounts receivable after more than one year | 29 | €104,941 | €131,026 | +€26,085 | +24.9% |
| Other amounts receivable | 291 | €104,941 | €131,026 | +€26,085 | +24.9% |
| Amounts receivable within one year | 40/41 | €6,140 | €9,096 | +€2,956 | +48.1% |
| Other amounts receivable | 41 | €6,140 | €9,096 | +€2,956 | +48.1% |
| Cash at bank and in hand | 54/58 | €4,277 | €55,136 | +€50,859 | +1,189% |
| Deferred charges and accrued income | 490/1 | €4,307 | €2,931 | -€1,377 | -32.0% |
| Total equity and liabilities | 10/49 | €1,577,958 | €1,644,289 | +€66,330 | +4.2% |
| Equity | 10/15 | €1,265,816 | €1,341,586 | +€75,770 | +6.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €1,068,952 | €1,068,952 | = | 0.0% |
| Reserves | 13 | €135,364 | €211,134 | +€75,770 | +56.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €116,614 | €192,384 | +€75,770 | +65.0% |
| Amounts payable | 17/49 | €312,142 | €302,703 | -€9,440 | -3.0% |
| Amounts payable after more than one year | 17 | €18,835 | €4,090 | -€14,746 | -78.3% |
| Financial debts | 170/4 | €18,835 | €4,090 | -€14,746 | -78.3% |
| Amounts payable within one year | 42/48 | €290,507 | €295,813 | +€5,306 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €30,466 | €19,803 | -€10,664 | -35.0% |
| Trade debts | 44 | €3,535 | €2,258 | -€1,277 | -36.1% |
| Suppliers | 440/4 | €3,535 | €2,258 | -€1,277 | -36.1% |
| Taxes, remuneration and social security | 45 | €8,399 | €22,556 | +€14,158 | +169% |
| Taxes | 450/3 | €8,399 | €22,556 | +€14,158 | +169% |
| Other amounts payable | 47/48 | €248,107 | €251,196 | +€3,089 | +1.2% |
| Accrued charges and deferred income | 492/3 | €2,800 | €2,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,955 | €15,093 | +€138 | +0.9% |
| Other operating charges | 640/8 | €11,601 | €11,268 | -€333 | -2.9% |
| Gross operating margin | 9900 | €123,109 | €148,911 | +€25,802 | +21.0% |
| Operating profit (loss) | 9901 | €96,554 | €122,551 | +€25,997 | +26.9% |
| Financial income | 75/76B | €234 | - | -€234 | |
| Recurring financial income | 75 | €234 | - | -€234 | |
| Financial charges | 65/66B | €8,156 | €6,241 | -€1,915 | -23.5% |
| Recurring financial charges | 65 | €8,156 | €6,241 | -€1,915 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €88,632 | €116,310 | +€27,678 | +31.2% |
| Income taxes | 67/77 | €18,283 | €36,740 | +€18,457 | +101% |
| Profit (loss) for the period | 9904 | €70,349 | €79,570 | +€9,221 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,349 | €79,570 | +€9,221 | +13.1% |
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 17 October 2026 via checked.be.