KAT BELGIUM: 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.
KAT BELGIUM
Largest movements
- Receivables within one year -€19,801
down €19,801 (-17.0%), from €116,799 to €96,998
of which Other amounts receivable: -€15,532
- Deferred charges and accrued income +€14,080
up €14,080 (+1,333%), from €1,056 to €15,136
- Cash -€2,380
down €2,380 (-63.7%), from €3,736 to €1,357
mainly Deferred charges and accrued income (-€14,080) and Trade debts (-€11,440)
- Trade debts -€11,440
down €11,440 (-54.6%), from €20,941 to €9,500
- Profit (loss) carried forward +€4,572
up €4,572 (+5.4%), from €85,119 to €89,691
- Tax, wage and social debts -€1,233
down €1,233 (-16.4%), from €7,531 to €6,298
- Gross operating margin -€5,004
down €5,004 (-41.1%), from €12,174 to €7,170
- Taxes -€1,385
down €1,385 (-38.3%), from €3,616 to €2,232
- Other operating charges +€825
up €825 (+83.1%), from €992 to €1,817
- Financial income -€393
down €393 (-16.5%), from €2,376 to €1,984
- Financial charges -€279
down €279 (-34.4%), from €813 to €533
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 | €121,651 | €113,549 | -€8,102 | -6.7% |
| Fixed assets | 21/28 | €59 | €59 | = | 0.0% |
| Financial fixed assets | 28 | €59 | €59 | = | 0.0% |
| Current assets | 29/58 | €121,592 | €113,490 | -€8,102 | -6.7% |
| Amounts receivable within one year | 40/41 | €116,799 | €96,998 | -€19,801 | -17.0% |
| Trade receivables | 40 | €74,281 | €70,012 | -€4,269 | -5.7% |
| Other amounts receivable | 41 | €42,518 | €26,986 | -€15,532 | -36.5% |
| Cash at bank and in hand | 54/58 | €3,736 | €1,357 | -€2,380 | -63.7% |
| Deferred charges and accrued income | 490/1 | €1,056 | €15,136 | +€14,080 | +1,333% |
| Total equity and liabilities | 10/49 | €121,651 | €113,549 | -€8,102 | -6.7% |
| Equity | 10/15 | €93,179 | €97,751 | +€4,572 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,119 | €89,691 | +€4,572 | +5.4% |
| Amounts payable | 17/49 | €28,472 | €15,798 | -€12,673 | -44.5% |
| Amounts payable within one year | 42/48 | €28,472 | €15,798 | -€12,673 | -44.5% |
| Trade debts | 44 | €20,941 | €9,500 | -€11,440 | -54.6% |
| Suppliers | 440/4 | €20,941 | €9,500 | -€11,440 | -54.6% |
| Taxes, remuneration and social security | 45 | €7,531 | €6,298 | -€1,233 | -16.4% |
| Taxes | 450/3 | €7,531 | €6,298 | -€1,233 | -16.4% |
| Other operating charges | 640/8 | €992 | €1,817 | +€825 | +83.1% |
| Gross operating margin | 9900 | €12,174 | €7,170 | -€5,004 | -41.1% |
| Operating profit (loss) | 9901 | €11,181 | €5,353 | -€5,829 | -52.1% |
| Financial income | 75/76B | €2,376 | €1,984 | -€393 | -16.5% |
| Recurring financial income | 75 | €2,376 | €1,984 | -€393 | -16.5% |
| Financial charges | 65/66B | €813 | €533 | -€279 | -34.4% |
| Recurring financial charges | 65 | €813 | €533 | -€279 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €12,745 | €6,803 | -€5,942 | -46.6% |
| Income taxes | 67/77 | €3,616 | €2,232 | -€1,385 | -38.3% |
| Profit (loss) for the period | 9904 | €9,129 | €4,572 | -€4,557 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,129 | €4,572 | -€4,557 | -49.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.