KATARSIS: 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.
KATARSIS
Largest movements
- Cash +€73,176
up €73,176 (+63.1%), from €115,904 to €189,080
mainly Other debts (+€100,000) and Net result for the year (+€93,298)
- Receivables within one year +€24,802
up €24,802 (+59.7%), from €41,545 to €66,347
of which Other amounts receivable: +€17,140
- Reserves -€100,000
down €100,000 (-30.4%), from €328,718 to €228,718
- Other debts +€100,000
new in 2025: €100,000
- Profit (loss) carried forward +€93,298
up €93,298, from -€6,291 to €87,008
- Trade debts +€14,232
up €14,232 (+144%), from €9,861 to €24,093
- Taxes +€12,823
new in 2025: €12,823
- Write-downs -€7,372
down €7,372 (-100%), from €7,372 to €0
- Other operating charges +€5,267
up €5,267 (+352%), from €1,497 to €6,764
- Gross operating margin +€4,490
up €4,490 (+2.3%), from €191,407 to €195,896
- Depreciation +€3,978
up €3,978 (+48.5%), from €8,197 to €12,175
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 | €376,526 | €483,140 | +€106,613 | +28.3% |
| Fixed assets | 21/28 | €58,221 | €62,768 | +€4,547 | +7.8% |
| Intangible fixed assets | 21 | €2,367 | €2,117 | -€250 | -10.6% |
| Tangible fixed assets | 22/27 | €55,854 | €60,651 | +€4,797 | +8.6% |
| Land and buildings | 22 | €27,226 | €28,084 | +€859 | +3.2% |
| Plant, machinery and equipment | 23 | €19,488 | €24,627 | +€5,139 | +26.4% |
| Furniture and vehicles | 24 | €5,744 | €4,781 | -€962 | -16.8% |
| Other tangible fixed assets | 26 | €3,397 | €3,159 | -€238 | -7.0% |
| Current assets | 29/58 | €318,305 | €420,371 | +€102,066 | +32.1% |
| Stocks and contracts in progress | 3 | €160,856 | €164,945 | +€4,088 | +2.5% |
| Stocks | 30/36 | €160,856 | €164,945 | +€4,088 | +2.5% |
| Amounts receivable within one year | 40/41 | €41,545 | €66,347 | +€24,802 | +59.7% |
| Trade receivables | 40 | €28,209 | €35,871 | +€7,662 | +27.2% |
| Other amounts receivable | 41 | €13,336 | €30,476 | +€17,140 | +129% |
| Cash at bank and in hand | 54/58 | €115,904 | €189,080 | +€73,176 | +63.1% |
| Total equity and liabilities | 10/49 | €376,526 | €483,140 | +€106,613 | +28.3% |
| Equity | 10/15 | €359,612 | €352,910 | -€6,702 | -1.9% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €328,718 | €228,718 | -€100,000 | -30.4% |
| Distributable reserves | 133 | €328,718 | €228,718 | -€100,000 | -30.4% |
| Profit (loss) carried forward | 14 | -€6,291 | €87,008 | +€93,298 | |
| Amounts payable | 17/49 | €16,915 | €130,230 | +€113,315 | +670% |
| Amounts payable within one year | 42/48 | €14,388 | €130,230 | +€115,842 | +805% |
| Trade debts | 44 | €9,861 | €24,093 | +€14,232 | +144% |
| Suppliers | 440/4 | €9,861 | €24,093 | +€14,232 | +144% |
| Taxes, remuneration and social security | 45 | €4,527 | €6,137 | +€1,610 | +35.6% |
| Taxes | 450/3 | €1,483 | €1,318 | -€165 | -11.1% |
| Remuneration and social security | 454/9 | €3,044 | €4,819 | +€1,775 | +58.3% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €2,527 | €0 | -€2,527 | -100% |
| Remuneration, social security and pensions | 62 | €70,738 | €67,271 | -€3,468 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,197 | €12,175 | +€3,978 | +48.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,372 | €0 | -€7,372 | -100% |
| Other operating charges | 640/8 | €1,497 | €6,764 | +€5,267 | +352% |
| Gross operating margin | 9900 | €191,407 | €195,896 | +€4,490 | +2.3% |
| Operating profit (loss) | 9901 | €103,603 | €109,687 | +€6,084 | +5.9% |
| Financial income | 75/76B | €15 | €28 | +€13 | +90.1% |
| Recurring financial income | 75 | €15 | €28 | +€13 | +90.1% |
| Financial charges | 65/66B | €2,063 | €3,594 | +€1,531 | +74.2% |
| Recurring financial charges | 65 | €2,063 | €3,594 | +€1,531 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €101,555 | €106,122 | +€4,567 | +4.5% |
| Income taxes | 67/77 | - | €12,823 | +€12,823 | |
| Profit (loss) for the period | 9904 | €101,555 | €93,298 | -€8,257 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €101,555 | €93,298 | -€8,257 | -8.1% |
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 16 October 2026 via checked.be.