I’m trying to use this code from documentation.

But it returns absolutely nothing.

Field name and ID is correct but it just doesn’t work.
What I’m doing wrong?
See code examples and documentation here https://www.advancedcustomfields.com/resources/adding-fields-taxonomy-term/
Either use
the_field('cat_image', $cat);
or
the_field('cat_image', 'term_'.$cat->term_id');