KaaTigo: what changed
Two fiscal 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.
KaaTigo
Largest movements
- Tangible fixed assets +€79,415
up €79,415 (+49.4%), from €160,802 to €240,217
of which Other tangible fixed assets: +€55,606
- Receivables within one year -€20,830
down €20,830 (-73.2%), from €28,475 to €7,645
of which Other amounts receivable: -€20,743
- Cash +€4,417
up €4,417 (+123.6%), from €3,574 to €7,991
mainly Depreciation (+€40,995) and Receivables within one year (+€20,830)
- Deferred charges and accrued income -€2,981
down €2,981 (-89.4%), from €3,333 to €352
- Other debts +€19,202
new in 2025: €19,202
- Reserves +€13,972
up €13,972 (+51.5%), from €27,114 to €41,086
- Short-term financial debts +€13,685
new in 2025: €13,685
- Current portion of long-term debt +€6,958
up €6,958 (+26.4%), from €26,398 to €33,356
- Trade debts +€5,640
up €5,640 (+141.1%), from €3,998 to €9,638
- Depreciation +€5,178
up €5,178 (+14.5%), from €35,817 to €40,995
- Financial income -€2,637
down €2,637 (-85.9%), from €3,071 to €434
- Gross operating margin +€2,031
up €2,031 (+2.9%), from €70,725 to €72,756
- Other operating charges -€1,640
down €1,640 (-29.4%), from €5,575 to €3,935
- Taxes -€1,542
down €1,542 (-23.4%), from €6,577 to €5,035
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.
Cash bridge derived
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 | €196,184 | €256,205 | +€60,021 | +30.6% |
| Fixed assets | 21/28 | €160,802 | €240,217 | +€79,415 | +49.4% |
| Tangible fixed assets | 22/27 | €160,802 | €240,217 | +€79,415 | +49.4% |
| Land and buildings | 22 | €111,603 | €93,788 | -€17,815 | -16.0% |
| Plant, machinery and equipment | 23 | €19,343 | €17,444 | -€1,899 | -9.8% |
| Furniture and vehicles | 24 | €3,567 | €3,566 | -€1 | 0.0% |
| Leasing and similar rights | 25 | €26,289 | €69,813 | +€43,524 | +165.6% |
| Other tangible fixed assets | 26 | - | €55,606 | +€55,606 | |
| Current assets | 29/58 | €35,382 | €15,988 | -€19,394 | -54.8% |
| Amounts receivable within one year | 40/41 | €28,475 | €7,645 | -€20,830 | -73.2% |
| Trade receivables | 40 | €6,700 | €6,613 | -€87 | -1.3% |
| Other amounts receivable | 41 | €21,775 | €1,032 | -€20,743 | -95.3% |
| Cash at bank and in hand | 54/58 | €3,574 | €7,991 | +€4,417 | +123.6% |
| Deferred charges and accrued income | 490/1 | €3,333 | €352 | -€2,981 | -89.4% |
| Total equity and liabilities | 10/49 | €196,184 | €256,205 | +€60,021 | +30.6% |
| Equity | 10/15 | €27,614 | €41,586 | +€13,972 | +50.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €27,114 | €41,086 | +€13,972 | +51.5% |
| Distributable reserves | 133 | €27,114 | €41,086 | +€13,972 | +51.5% |
| Amounts payable | 17/49 | €168,570 | €214,619 | +€46,049 | +27.3% |
| Amounts payable after more than one year | 17 | €129,391 | €131,757 | +€2,366 | +1.8% |
| Financial debts | 170/4 | €129,391 | €131,757 | +€2,366 | +1.8% |
| Amounts payable within one year | 42/48 | €39,179 | €82,862 | +€43,683 | +111.5% |
| Current portion of amounts payable after more than one year | 42 | €26,398 | €33,356 | +€6,958 | +26.4% |
| Financial debts | 43 | - | €13,685 | +€13,685 | |
| Credit institutions | 430/8 | - | €13,685 | +€13,685 | |
| Trade debts | 44 | €3,998 | €9,638 | +€5,640 | +141.1% |
| Suppliers | 440/4 | €3,998 | €9,638 | +€5,640 | +141.1% |
| Taxes, remuneration and social security | 45 | €8,783 | €6,981 | -€1,802 | -20.5% |
| Taxes | 450/3 | €8,783 | €6,981 | -€1,802 | -20.5% |
| Other amounts payable | 47/48 | - | €19,202 | +€19,202 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,817 | €40,995 | +€5,178 | +14.5% |
| Other operating charges | 640/8 | €5,575 | €3,935 | -€1,640 | -29.4% |
| Gross operating margin | 9900 | €70,725 | €72,756 | +€2,031 | +2.9% |
| Operating profit (loss) | 9901 | €29,333 | €27,826 | -€1,507 | -5.1% |
| Financial income | 75/76B | €3,071 | €434 | -€2,637 | -85.9% |
| Recurring financial income | 75 | €3,071 | €434 | -€2,637 | -85.9% |
| Financial charges | 65/66B | €10,747 | €9,253 | -€1,494 | -13.9% |
| Recurring financial charges | 65 | €10,747 | €9,253 | -€1,494 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €21,657 | €19,007 | -€2,650 | -12.2% |
| Income taxes | 67/77 | €6,577 | €5,035 | -€1,542 | -23.4% |
| Profit (loss) for the period | 9904 | €15,080 | €13,972 | -€1,108 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,080 | €13,972 | -€1,108 | -7.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.