VAN DE CATSEYN - CLOSE: what changed
What changed
VAN DE CATSEYN - CLOSE
filed annual accounts (NBB)
Net result for the year
-€16,418
2024 · -€34,558+€18,139
Equity
€446,201
2024 · €462,619-€16,418
Cash
€69,876
2024 · €91,541-€21,666
Balance sheet total
€496,537
2024 · €522,403-€25,866
Largest movements
Assets
- Cash -€21,666
down €21,666 (-23.7%), from €91,541 to €69,876
mainly Net result for the year (-€16,418) and Investment in fixed assets (net) (-€10,400)
- Tangible fixed assets -€10,637
down €10,637 (-3.1%), from €345,629 to €334,992
- Receivables within one year +€6,278
up €6,278 (+7.4%), from €84,769 to €91,047
of which Other amounts receivable: +€6,278
Equity and liabilities
- Reserves -€18,031
down €18,031 (-13.1%), from €137,628 to €119,597
of which Tax-exempt reserves: -€18,031
- Provisions -€9,284
down €9,284 (-16.3%), from €56,873 to €47,588
Income statement
- Gross operating margin +€6,327
up €6,327 (+76.2%), from -€8,301 to -€1,974
- Depreciation +€584
up €584 (+2.9%), from €20,452 to €21,037
- Financial charges -€177
down €177 (-30.0%), from €588 to €411
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€34,558
Gross operating margin
+€6,327
Depreciation
-€584
Other operating charges
+€58
Other operating items
+€12,246
Financial income
-€52
Financial charges
+€177
Taxes
-€32
Result 2025
-€16,418
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€11,266
Investment
-€10,400
Financing
€0
Cash 2024
€91,541
From operations (derived)
-€11,266
Net result for the year
-€16,418
Depreciation
+€21,037
Receivables within one year
-€6,278
Deferred charges and accrued income
-€158
Provisions
-€9,284
Trade debts
-€25
Tax, wage and social debts
-€138
Investment (derived)
-€10,400
Investment in fixed assets (net)
-€10,400
Cash 2025
€69,876
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €522,403 | €496,537 | -€25,866 | -5.0% |
| Fixed assets | 21/28 | €345,629 | €334,992 | -€10,637 | -3.1% |
| Tangible fixed assets | 22/27 | €345,629 | €334,992 | -€10,637 | -3.1% |
| Land and buildings | 22 | €345,629 | €334,992 | -€10,637 | -3.1% |
| Current assets | 29/58 | €176,774 | €161,545 | -€15,229 | -8.6% |
| Amounts receivable within one year | 40/41 | €84,769 | €91,047 | +€6,278 | +7.4% |
| Trade receivables | 40 | €78,168 | €78,168 | = | 0.0% |
| Other amounts receivable | 41 | €6,601 | €12,879 | +€6,278 | +95.1% |
| Cash at bank and in hand | 54/58 | €91,541 | €69,876 | -€21,666 | -23.7% |
| Deferred charges and accrued income | 490/1 | €464 | €622 | +€158 | +34.1% |
| Total equity and liabilities | 10/49 | €522,403 | €496,537 | -€25,866 | -5.0% |
| Equity | 10/15 | €462,619 | €446,201 | -€16,418 | -3.5% |
| Contributions | 10/11 | €84,500 | €84,500 | = | 0.0% |
| Capital | 10 | - | €84,500 | +€84,500 | |
| Issued capital | 100 | - | €84,500 | +€84,500 | |
| Contributions outside capital | 11 | €84,500 | €0 | -€84,500 | -100% |
| Other | 1109/19 | €84,500 | €0 | -€84,500 | -100% |
| Reserves | 13 | €137,628 | €119,597 | -€18,031 | -13.1% |
| Non-distributable reserves | 130/1 | €8,428 | €8,428 | = | 0.0% |
| Legal reserve | 130 | - | €8,428 | +€8,428 | |
| Reserves not available under the articles | 1311 | €8,428 | - | -€8,428 | |
| Tax-exempt reserves | 132 | €129,200 | €111,169 | -€18,031 | -14.0% |
| Profit (loss) carried forward | 14 | €240,491 | €242,104 | +€1,613 | +0.7% |
| Provisions and deferred taxes | 16 | €56,873 | €47,588 | -€9,284 | -16.3% |
| Deferred taxes | 168 | €56,873 | €47,588 | -€9,284 | -16.3% |
| Amounts payable | 17/49 | €2,911 | €2,747 | -€163 | -5.6% |
| Amounts payable within one year | 42/48 | €2,911 | €2,747 | -€163 | -5.6% |
| Trade debts | 44 | €2,586 | €2,561 | -€25 | -1.0% |
| Suppliers | 440/4 | €2,586 | €2,561 | -€25 | -1.0% |
| Taxes, remuneration and social security | 45 | €324 | €186 | -€138 | -42.7% |
| Taxes | 450/3 | €324 | €186 | -€138 | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,452 | €21,037 | +€584 | +2.9% |
| Other operating charges | 640/8 | €3,219 | €3,162 | -€58 | -1.8% |
| Non-recurring operating charges | 66A | €12,246 | - | -€12,246 | |
| Gross operating margin | 9900 | -€8,301 | -€1,974 | +€6,327 | +76.2% |
| Operating profit (loss) | 9901 | -€44,220 | -€26,173 | +€18,047 | +40.8% |
| Financial income | 75/76B | €1,134 | €1,082 | -€52 | -4.6% |
| Recurring financial income | 75 | €1,134 | €1,082 | -€52 | -4.6% |
| Financial charges | 65/66B | €588 | €411 | -€177 | -30.0% |
| Recurring financial charges | 65 | €588 | €411 | -€177 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€43,674 | -€25,502 | +€18,171 | +41.6% |
| Transfer from deferred taxes | 780 | €9,284 | €9,284 | = | 0.0% |
| Income taxes | 67/77 | €168 | €200 | +€32 | +19.0% |
| Profit (loss) for the period | 9904 | -€34,558 | -€16,418 | +€18,139 | +52.5% |
| Transfer from tax-exempt reserves | 789 | €18,031 | €18,031 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,527 | €1,613 | +€18,139 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.