Kaatwee: 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.
Kaatwee
Largest movements
- Tangible fixed assets -€21,716
down €21,716 (-51.8%), from €41,903 to €20,187
of which Furniture and vehicles: -€22,181
- Cash +€13,774
up €13,774 (+15.4%), from €89,283 to €103,058
mainly Other debts (+€85,136) and Depreciation (+€23,092)
- Receivables within one year +€5,817
up €5,817 (+34.2%), from €16,989 to €22,806
of which Trade receivables: +€7,953
- Deferred charges and accrued income -€3,525
down €3,525 (-47.8%), from €7,376 to €3,851
- Other debts +€85,136
up €85,136 (+1747.4%), from €4,872 to €90,008
- Reserves -€71,410
down €71,410 (-72.8%), from €98,057 to €26,647
- Debts after one year -€15,302
no longer reported in 2025 (was €15,302)
- Current portion of long-term debt -€4,075
down €4,075 (-21.0%), from €19,376 to €15,302
- Gross operating margin +€10,292
up €10,292 (+29.6%), from €34,799 to €45,090
- Financial income -€1,972
down €1,972 (-59.9%), from €3,292 to €1,320
- Taxes +€1,781
up €1,781 (+55.6%), from €3,201 to €4,982
- Financial charges -€821
down €821 (-69.9%), from €1,173 to €353
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 | €157,905 | €152,255 | -€5,650 | -3.6% |
| Fixed assets | 21/28 | €41,903 | €20,187 | -€21,716 | -51.8% |
| Tangible fixed assets | 22/27 | €41,903 | €20,187 | -€21,716 | -51.8% |
| Plant, machinery and equipment | 23 | €2,565 | €3,029 | +€464 | +18.1% |
| Furniture and vehicles | 24 | €39,339 | €17,158 | -€22,181 | -56.4% |
| Current assets | 29/58 | €116,001 | €132,068 | +€16,067 | +13.9% |
| Amounts receivable within one year | 40/41 | €16,989 | €22,806 | +€5,817 | +34.2% |
| Trade receivables | 40 | €7,500 | €15,453 | +€7,953 | +106.0% |
| Other amounts receivable | 41 | €9,489 | €7,353 | -€2,136 | -22.5% |
| Current investments | 50/53 | €2,353 | €2,353 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €89,283 | €103,058 | +€13,774 | +15.4% |
| Deferred charges and accrued income | 490/1 | €7,376 | €3,851 | -€3,525 | -47.8% |
| Total equity and liabilities | 10/49 | €157,905 | €152,255 | -€5,650 | -3.6% |
| Equity | 10/15 | €116,657 | €45,247 | -€71,410 | -61.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,057 | €26,647 | -€71,410 | -72.8% |
| Distributable reserves | 133 | €98,057 | €26,647 | -€71,410 | -72.8% |
| Amounts payable | 17/49 | €41,248 | €107,008 | +€65,760 | +159.4% |
| Amounts payable after more than one year | 17 | €15,302 | - | -€15,302 | |
| Financial debts | 170/4 | €15,302 | - | -€15,302 | |
| Amounts payable within one year | 42/48 | €25,946 | €107,008 | +€81,062 | +312.4% |
| Current portion of amounts payable after more than one year | 42 | €19,376 | €15,302 | -€4,075 | -21.0% |
| Trade debts | 44 | €1,698 | €1,698 | +€0 | 0.0% |
| Suppliers | 440/4 | €1,698 | €1,698 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €4,872 | €90,008 | +€85,136 | +1747.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,038 | €23,092 | +€55 | +0.2% |
| Other operating charges | 640/8 | €1,157 | €1,158 | +€1 | +0.1% |
| Gross operating margin | 9900 | €34,799 | €45,090 | +€10,292 | +29.6% |
| Operating profit (loss) | 9901 | €10,604 | €20,840 | +€10,236 | +96.5% |
| Financial income | 75/76B | €3,292 | €1,320 | -€1,972 | -59.9% |
| Recurring financial income | 75 | €3,292 | €1,320 | -€1,972 | -59.9% |
| Financial charges | 65/66B | €1,173 | €353 | -€821 | -69.9% |
| Recurring financial charges | 65 | €1,173 | €353 | -€821 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €12,723 | €21,808 | +€9,085 | +71.4% |
| Income taxes | 67/77 | €3,201 | €4,982 | +€1,781 | +55.6% |
| Profit (loss) for the period | 9904 | €9,522 | €16,825 | +€7,304 | +76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,522 | €16,825 | +€7,304 | +76.7% |
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 8 October 2026 via checked.be.