KAAT DM: 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.
KAAT DM
Largest movements
- Cash -€32,797
down €32,797 (-23.2%), from €141,462 to €108,666
mainly Trade debts (-€31,500) and Tax, wage and social debts (-€16,884)
- Receivables within one year -€14,881
down €14,881 (-38.8%), from €38,317 to €23,436
of which Trade receivables: -€21,381
- Tangible fixed assets -€3,824
down €3,824 (-19.2%), from €19,910 to €16,086
- Intangible fixed assets +€2,504
up €2,504 (+124%), from €2,015 to €4,519
- Trade debts -€31,500
down €31,500 (-54.6%), from €57,715 to €26,215
- Tax, wage and social debts -€16,884
down €16,884 (-88.9%), from €19,001 to €2,118
of which Taxes: -€16,738
- Accrued charges and deferred income -€2,272
down €2,272 (-100%), from €2,272 to €0
- Gross operating margin -€22,226
down €22,226 (-76.6%), from €29,025 to €6,799
- Taxes -€5,257
down €5,257 (-81.3%), from €6,464 to €1,207
- Financial charges -€4,107
down €4,107 (-88.9%), from €4,618 to €511
- Depreciation +€1,011
up €1,011 (+29.2%), from €3,459 to €4,471
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 | €201,705 | €152,707 | -€48,998 | -24.3% |
| Fixed assets | 21/28 | €21,925 | €20,605 | -€1,321 | -6.0% |
| Intangible fixed assets | 21 | €2,015 | €4,519 | +€2,504 | +124% |
| Tangible fixed assets | 22/27 | €19,910 | €16,086 | -€3,824 | -19.2% |
| Plant, machinery and equipment | 23 | €1,407 | €821 | -€585 | -41.6% |
| Furniture and vehicles | 24 | €5,636 | €3,829 | -€1,807 | -32.1% |
| Other tangible fixed assets | 26 | €12,868 | €11,436 | -€1,432 | -11.1% |
| Current assets | 29/58 | €179,779 | €132,102 | -€47,677 | -26.5% |
| Amounts receivable within one year | 40/41 | €38,317 | €23,436 | -€14,881 | -38.8% |
| Trade receivables | 40 | €38,317 | €16,937 | -€21,381 | -55.8% |
| Other amounts receivable | 41 | - | €6,500 | +€6,500 | |
| Cash at bank and in hand | 54/58 | €141,462 | €108,666 | -€32,797 | -23.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €201,705 | €152,707 | -€48,998 | -24.3% |
| Equity | 10/15 | €57,772 | €57,730 | -€42 | -0.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €54,772 | €54,772 | = | 0.0% |
| Distributable reserves | 133 | €54,772 | €54,772 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€42 | -€42 | |
| Amounts payable | 17/49 | €143,932 | €94,977 | -€48,956 | -34.0% |
| Amounts payable within one year | 42/48 | €141,661 | €94,977 | -€46,684 | -33.0% |
| Trade debts | 44 | €57,715 | €26,215 | -€31,500 | -54.6% |
| Suppliers | 440/4 | €57,715 | €26,215 | -€31,500 | -54.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,001 | €2,118 | -€16,884 | -88.9% |
| Taxes | 450/3 | €17,638 | €901 | -€16,738 | -94.9% |
| Remuneration and social security | 454/9 | €1,363 | €1,217 | -€146 | -10.7% |
| Other amounts payable | 47/48 | €64,944 | €66,644 | +€1,699 | +2.6% |
| Accrued charges and deferred income | 492/3 | €2,272 | €0 | -€2,272 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,459 | €4,471 | +€1,011 | +29.2% |
| Other operating charges | 640/8 | €384 | €672 | +€288 | +74.8% |
| Gross operating margin | 9900 | €29,025 | €6,799 | -€22,226 | -76.6% |
| Operating profit (loss) | 9901 | €25,181 | €1,657 | -€23,525 | -93.4% |
| Financial income | 75/76B | €54 | €19 | -€35 | -64.8% |
| Recurring financial income | 75 | €54 | €19 | -€35 | -64.8% |
| Financial charges | 65/66B | €4,618 | €511 | -€4,107 | -88.9% |
| Recurring financial charges | 65 | €4,618 | €511 | -€4,107 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | €20,618 | €1,165 | -€19,453 | -94.3% |
| Income taxes | 67/77 | €6,464 | €1,207 | -€5,257 | -81.3% |
| Profit (loss) for the period | 9904 | €14,154 | -€42 | -€14,196 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,154 | -€42 | -€14,196 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.