KACHET: 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.
What changed
KACHET
NACE 56.210, Event catering
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€60,636
2024 · €102,994-€42,358
Equity
-€862,511
2024 · -€923,147+€60,636
Cash
€47,370
2024 · €252,456-€205,086
Balance sheet total
€3.9m
2024 · €3.9m-€41,328
Largest movements
Assets
- Receivables within one year +€234,920
up €234,920 (+13.5%), from €1.7m to €2.0m
of which Other amounts receivable: +€468,573
- Cash -€205,086
down €205,086 (-81.2%), from €252,456 to €47,370
mainly Receivables within one year (-€234,920) and Current portion of long-term debt (-€199,097)
- Tangible fixed assets -€92,961
down €92,961 (-5.4%), from €1.7m to €1.6m
of which Land and buildings: -€97,140
Equity and liabilities
- Current portion of long-term debt -€199,097
down €199,097 (-60.3%), from €330,433 to €131,336
- Trade debts +€175,307
up €175,307 (+27.4%), from €639,558 to €814,865
- Profit (loss) carried forward +€60,636
up €60,636 (+3.8%), from -€1.6m to -€1.5m
- Advances received -€52,874
down €52,874 (-7.1%), from €746,983 to €694,109
- Short-term financial debts -€43,795
down €43,795 (-77.4%), from €56,584 to €12,789
Income statement
- Gross operating margin -€496,624
down €496,624 (-22.7%), from €2.2m to €1.7m
- Staff costs -€292,701
down €292,701 (-20.1%), from €1.5m to €1.2m
- Depreciation -€44,523
down €44,523 (-15.1%), from €294,844 to €250,321
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.
Result 2024
€102,994
Gross operating margin
-€496,624
Staff costs
+€292,701
Depreciation
+€44,523
Write-downs
+€5,339
Other operating charges
-€232
Other operating items
+€126,559
Financial income
+€1,609
Financial charges
-€16,296
Taxes
+€64
Result 2025
€60,636
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.
From operations
+€168,560
Investment
-€158,461
Financing
-€215,185
Cash 2024
€252,456
From operations (derived)
+€168,560
Net result for the year
+€60,636
Depreciation
+€250,321
Stocks and contracts
-€37,681
Receivables within one year
-€234,920
Deferred charges and accrued income
+€16,983
Trade debts
+€175,307
Tax, wage and social debts
-€41,776
Advances received
-€52,874
Other debts
+€34,860
Accrued charges and deferred income
-€2,295
Investment (derived)
-€158,461
Investment in fixed assets (net)
-€158,461
Financing
-€215,185
Debts after one year
+€27,707
Current portion of long-term debt
-€199,097
Short-term financial debts
-€43,795
Cash 2025
€47,370
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,891,480 | €3,850,152 | -€41,328 | -1.1% |
| Fixed assets | 21/28 | €1,759,078 | €1,667,218 | -€91,860 | -5.2% |
| Intangible fixed assets | 21 | €16,134 | €17,235 | +€1,101 | +6.8% |
| Tangible fixed assets | 22/27 | €1,720,894 | €1,627,933 | -€92,961 | -5.4% |
| Land and buildings | 22 | €1,435,035 | €1,337,895 | -€97,140 | -6.8% |
| Plant, machinery and equipment | 23 | €217,603 | €184,627 | -€32,977 | -15.2% |
| Furniture and vehicles | 24 | €63,277 | €74,088 | +€10,811 | +17.1% |
| Leasing and similar rights | 25 | €4,979 | €31,323 | +€26,344 | +529.1% |
| Financial fixed assets | 28 | €22,050 | €22,050 | = | 0.0% |
| Current assets | 29/58 | €2,132,402 | €2,182,934 | +€50,532 | +2.4% |
| Stocks and contracts in progress | 3 | €51,517 | €89,198 | +€37,681 | +73.1% |
| Stocks | 30/36 | €51,517 | €89,198 | +€37,681 | +73.1% |
| Amounts receivable within one year | 40/41 | €1,744,355 | €1,979,274 | +€234,920 | +13.5% |
| Trade receivables | 40 | €714,083 | €480,429 | -€233,653 | -32.7% |
| Other amounts receivable | 41 | €1,030,272 | €1,498,845 | +€468,573 | +45.5% |
| Cash at bank and in hand | 54/58 | €252,456 | €47,370 | -€205,086 | -81.2% |
| Deferred charges and accrued income | 490/1 | €84,075 | €67,092 | -€16,983 | -20.2% |
| Total equity and liabilities | 10/49 | €3,891,480 | €3,850,152 | -€41,328 | -1.1% |
| Equity | 10/15 | -€923,147 | -€862,511 | +€60,636 | +6.6% |
| Contributions | 10/11 | €562,000 | €562,000 | = | 0.0% |
| Capital | 10 | €562,000 | €562,000 | = | 0.0% |
| Issued capital | 100 | €562,000 | €562,000 | = | 0.0% |
| Reserves | 13 | €124,200 | €124,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €118,000 | €118,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,609,347 | -€1,548,711 | +€60,636 | +3.8% |
| Amounts payable | 17/49 | €4,814,627 | €4,712,663 | -€101,963 | -2.1% |
| Amounts payable after more than one year | 17 | €2,784,385 | €2,812,092 | +€27,707 | +1.0% |
| Financial debts | 170/4 | €2,784,385 | €2,812,092 | +€27,707 | +1.0% |
| Amounts payable within one year | 42/48 | €1,898,946 | €1,771,571 | -€127,376 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €330,433 | €131,336 | -€199,097 | -60.3% |
| Financial debts | 43 | €56,584 | €12,789 | -€43,795 | -77.4% |
| Credit institutions | 430/8 | €56,584 | €12,789 | -€43,795 | -77.4% |
| Trade debts | 44 | €639,558 | €814,865 | +€175,307 | +27.4% |
| Suppliers | 440/4 | €639,558 | €814,865 | +€175,307 | +27.4% |
| Advances received on contracts in progress | 46 | €746,983 | €694,109 | -€52,874 | -7.1% |
| Taxes, remuneration and social security | 45 | €125,388 | €83,612 | -€41,776 | -33.3% |
| Taxes | 450/3 | €5,127 | €20,461 | +€15,334 | +299.1% |
| Remuneration and social security | 454/9 | €120,262 | €63,151 | -€57,111 | -47.5% |
| Other amounts payable | 47/48 | - | €34,860 | +€34,860 | |
| Accrued charges and deferred income | 492/3 | €131,295 | €129,000 | -€2,295 | -1.7% |
| Non-recurring operating income | 76A | €344 | €12,069 | +€11,725 | +3408.3% |
| Remuneration, social security and pensions | 62 | €1,456,783 | €1,164,082 | -€292,701 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294,844 | €250,321 | -€44,523 | -15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,959 | -€2,379 | -€5,339 | |
| Other operating charges | 640/8 | €17,729 | €17,961 | +€232 | +1.3% |
| Non-recurring operating charges | 66A | €174,340 | €47,781 | -€126,559 | -72.6% |
| Gross operating margin | 9900 | €2,183,678 | €1,687,054 | -€496,624 | -22.7% |
| Operating profit (loss) | 9901 | €237,022 | €209,287 | -€27,735 | -11.7% |
| Financial income | 75/76B | €5,830 | €7,439 | +€1,609 | +27.6% |
| Recurring financial income | 75 | €5,830 | €7,439 | +€1,609 | +27.6% |
| Financial charges | 65/66B | €138,922 | €155,218 | +€16,296 | +11.7% |
| Recurring financial charges | 65 | €138,922 | €155,218 | +€16,296 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €103,930 | €61,508 | -€42,422 | -40.8% |
| Income taxes | 67/77 | €936 | €873 | -€64 | -6.8% |
| Profit (loss) for the period | 9904 | €102,994 | €60,636 | -€42,358 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €102,994 | €60,636 | -€42,358 | -41.1% |
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 9 October 2026 via checked.be.