Katapult: 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.
Katapult
Largest movements
- Cash +€482,209
up €482,209 (+162.3%), from €297,191 to €779,400
mainly Investment in fixed assets (net) (+€248,404) and Stocks and contracts (+€239,672)
- Tangible fixed assets -€265,730
down €265,730 (-55.7%), from €477,271 to €211,541
of which Land and buildings: -€264,665
- Stocks and contracts -€239,672
down €239,672 (-75.2%), from €318,672 to €79,000
of which Stocks: -€318,672
- Reserves -€25,534
down €25,534 (-17.3%), from €147,931 to €122,398
- Gross operating margin +€65,319
up €65,319 (+28.1%), from €232,725 to €298,044
- Staff costs +€40,740
up €40,740 (+58.4%), from €69,751 to €110,491
- Taxes +€5,126
up €5,126 (+16.9%), from €30,333 to €35,458
- Financial charges +€3,074
up €3,074 (+14.7%), from €20,980 to €24,055
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 | €1,110,651 | €1,085,413 | -€25,239 | -2.3% |
| Fixed assets | 21/28 | €478,221 | €212,491 | -€265,730 | -55.6% |
| Tangible fixed assets | 22/27 | €477,271 | €211,541 | -€265,730 | -55.7% |
| Land and buildings | 22 | €435,163 | €170,497 | -€264,665 | -60.8% |
| Plant, machinery and equipment | 23 | €14,328 | €14,735 | +€408 | +2.8% |
| Furniture and vehicles | 24 | €27,781 | €26,308 | -€1,472 | -5.3% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €632,430 | €872,922 | +€240,492 | +38.0% |
| Stocks and contracts in progress | 3 | €318,672 | €79,000 | -€239,672 | -75.2% |
| Stocks | 30/36 | €318,672 | - | -€318,672 | |
| Contracts in progress | 37 | - | €79,000 | +€79,000 | |
| Amounts receivable within one year | 40/41 | €15,306 | €13,423 | -€1,882 | -12.3% |
| Trade receivables | 40 | €14,415 | €11,327 | -€3,088 | -21.4% |
| Other amounts receivable | 41 | €891 | €2,096 | +€1,205 | +135.3% |
| Cash at bank and in hand | 54/58 | €297,191 | €779,400 | +€482,209 | +162.3% |
| Deferred charges and accrued income | 490/1 | €1,262 | €1,099 | -€163 | -12.9% |
| Total equity and liabilities | 10/49 | €1,110,651 | €1,085,413 | -€25,239 | -2.3% |
| Equity | 10/15 | €162,931 | €137,398 | -€25,534 | -15.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €147,931 | €122,398 | -€25,534 | -17.3% |
| Distributable reserves | 133 | €147,931 | €122,398 | -€25,534 | -17.3% |
| Amounts payable | 17/49 | €947,720 | €948,015 | +€295 | 0.0% |
| Amounts payable after more than one year | 17 | €16,865 | €10,119 | -€6,746 | -40.0% |
| Financial debts | 170/4 | €16,865 | €10,119 | -€6,746 | -40.0% |
| Amounts payable within one year | 42/48 | €903,110 | €905,221 | +€2,111 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €6,746 | €6,746 | = | 0.0% |
| Trade debts | 44 | €4,480 | €11,520 | +€7,040 | +157.2% |
| Suppliers | 440/4 | €4,480 | €11,520 | +€7,040 | +157.2% |
| Taxes, remuneration and social security | 45 | €6,086 | €2,855 | -€3,231 | -53.1% |
| Taxes | 450/3 | €6,086 | €2,424 | -€3,661 | -60.2% |
| Remuneration and social security | 454/9 | - | €431 | +€431 | |
| Other amounts payable | 47/48 | €885,799 | €884,100 | -€1,699 | -0.2% |
| Accrued charges and deferred income | 492/3 | €27,745 | €32,675 | +€4,930 | +17.8% |
| Non-recurring operating income | 76A | - | €10,881 | +€10,881 | |
| Remuneration, social security and pensions | 62 | €69,751 | €110,491 | +€40,740 | +58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,863 | €17,327 | -€1,536 | -8.1% |
| Other operating charges | 640/8 | €6,032 | €3,812 | -€2,220 | -36.8% |
| Non-recurring operating charges | 66A | - | €7,695 | +€7,695 | |
| Gross operating margin | 9900 | €232,725 | €298,044 | +€65,319 | +28.1% |
| Operating profit (loss) | 9901 | €138,079 | €158,720 | +€20,641 | +14.9% |
| Financial income | 75/76B | €21 | €259 | +€238 | +1140.1% |
| Recurring financial income | 75 | €21 | €259 | +€238 | +1140.1% |
| Financial charges | 65/66B | €20,980 | €24,055 | +€3,074 | +14.7% |
| Recurring financial charges | 65 | €20,980 | €24,055 | +€3,074 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €117,120 | €134,925 | +€17,805 | +15.2% |
| Income taxes | 67/77 | €30,333 | €35,458 | +€5,126 | +16.9% |
| Profit (loss) for the period | 9904 | €86,787 | €99,467 | +€12,679 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €86,787 | €99,467 | +€12,679 | +14.6% |
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 11 October 2026 via checked.be.