Kaats: 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.
Kaats
Largest movements
- Cash +€9,428
up €9,428 (+24.3%), from €38,769 to €48,197
mainly Net result for the year (+€119,275) and Other debts (+€95,338)
- Current investments +€5,200
up €5,200 (+2.6%), from €200,000 to €205,200
- Tangible fixed assets -€5,152
down €5,152 (-35.3%), from €14,600 to €9,448
of which Furniture and vehicles: -€4,446
- Reserves -€103,337
down €103,337 (-47.0%), from €220,091 to €116,754
- Other debts +€95,338
up €95,338 (+170.3%), from €55,971 to €151,310
- Tax, wage and social debts +€11,025
up €11,025 (+221.3%), from €4,983 to €16,008
- Trade debts +€9,975
up €9,975 (+559.0%), from €1,784 to €11,759
- Gross operating margin +€16,969
up €16,969 (+11.8%), from €144,134 to €161,103
- Taxes +€5,674
up €5,674 (+17.3%), from €32,752 to €38,426
- Financial charges -€1,780
down €1,780 (-30.4%), from €5,861 to €4,081
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 | €298,068 | €308,312 | +€10,244 | +3.4% |
| Fixed assets | 21/28 | €14,850 | €9,698 | -€5,152 | -34.7% |
| Tangible fixed assets | 22/27 | €14,600 | €9,448 | -€5,152 | -35.3% |
| Plant, machinery and equipment | 23 | €2,695 | €1,989 | -€706 | -26.2% |
| Furniture and vehicles | 24 | €11,905 | €7,459 | -€4,446 | -37.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €283,218 | €298,614 | +€15,396 | +5.4% |
| Amounts receivable within one year | 40/41 | €37,175 | €38,860 | +€1,685 | +4.5% |
| Trade receivables | 40 | €28,223 | €28,761 | +€538 | +1.9% |
| Other amounts receivable | 41 | €8,952 | €10,099 | +€1,147 | +12.8% |
| Current investments | 50/53 | €200,000 | €205,200 | +€5,200 | +2.6% |
| Cash at bank and in hand | 54/58 | €38,769 | €48,197 | +€9,428 | +24.3% |
| Deferred charges and accrued income | 490/1 | €7,274 | €6,357 | -€917 | -12.6% |
| Total equity and liabilities | 10/49 | €298,068 | €308,312 | +€10,244 | +3.4% |
| Equity | 10/15 | €223,591 | €120,254 | -€103,337 | -46.2% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €220,091 | €116,754 | -€103,337 | -47.0% |
| Distributable reserves | 133 | €220,091 | €116,754 | -€103,337 | -47.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,477 | €188,058 | +€113,582 | +152.5% |
| Amounts payable within one year | 42/48 | €65,767 | €181,551 | +€115,783 | +176.1% |
| Financial debts | 43 | €3,029 | €2,474 | -€554 | -18.3% |
| Credit institutions | 430/8 | €3,029 | €2,474 | -€554 | -18.3% |
| Trade debts | 44 | €1,784 | €11,759 | +€9,975 | +559.0% |
| Suppliers | 440/4 | €1,784 | €11,759 | +€9,975 | +559.0% |
| Taxes, remuneration and social security | 45 | €4,983 | €16,008 | +€11,025 | +221.3% |
| Taxes | 450/3 | €4,983 | €16,008 | +€11,025 | +221.3% |
| Other amounts payable | 47/48 | €55,971 | €151,310 | +€95,338 | +170.3% |
| Accrued charges and deferred income | 492/3 | €8,709 | €6,508 | -€2,202 | -25.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,060 | €5,152 | +€1,092 | +26.9% |
| Other operating charges | 640/8 | €1,144 | €837 | -€307 | -26.8% |
| Non-recurring operating charges | 66A | €2,546 | €0 | -€2,546 | -100.0% |
| Gross operating margin | 9900 | €144,134 | €161,103 | +€16,969 | +11.8% |
| Operating profit (loss) | 9901 | €136,385 | €155,113 | +€18,729 | +13.7% |
| Financial income | 75/76B | €5,565 | €6,669 | +€1,104 | +19.8% |
| Recurring financial income | 75 | €5,565 | €6,669 | +€1,104 | +19.8% |
| Financial charges | 65/66B | €5,861 | €4,081 | -€1,780 | -30.4% |
| Recurring financial charges | 65 | €5,861 | €4,081 | -€1,780 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €136,089 | €157,702 | +€21,612 | +15.9% |
| Income taxes | 67/77 | €32,752 | €38,426 | +€5,674 | +17.3% |
| Profit (loss) for the period | 9904 | €103,337 | €119,275 | +€15,938 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,337 | €119,275 | +€15,938 | +15.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.