KATASTROF: 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.
KATASTROF
Largest movements
- Cash +€20,983
up €20,983 (+8.2%), from €255,523 to €276,507
mainly Net result for the year (+€57,979) and Depreciation (+€16,836)
- Tangible fixed assets -€15,636
down €15,636 (-15.7%), from €99,321 to €83,686
- Deferred charges and accrued income +€5,887
up €5,887 (+7460.8%), from €79 to €5,966
- Reserves +€26,892
up €26,892 (+19.2%), from €140,017 to €166,909
of which Distributable reserves: +€26,892
- Tax, wage and social debts -€19,904
down €19,904 (-38.5%), from €51,678 to €31,773
of which Remuneration and social security: -€16,142
- Trade debts +€11,961
up €11,961 (+17.2%), from €69,716 to €81,677
- Debts after one year -€10,494
down €10,494 (-65.8%), from €15,940 to €5,446
- Gross operating margin -€29,427
down €29,427 (-10.1%), from €292,153 to €262,725
- Taxes +€3,312
up €3,312 (+13.4%), from €24,647 to €27,959
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 | €363,950 | €373,262 | +€9,312 | +2.6% |
| Fixed assets | 21/28 | €103,219 | €86,383 | -€16,836 | -16.3% |
| Intangible fixed assets | 21 | €3,627 | €2,427 | -€1,200 | -33.1% |
| Tangible fixed assets | 22/27 | €99,321 | €83,686 | -€15,636 | -15.7% |
| Land and buildings | 22 | €34,139 | €29,353 | -€4,787 | -14.0% |
| Plant, machinery and equipment | 23 | €14,810 | €11,471 | -€3,339 | -22.5% |
| Furniture and vehicles | 24 | €3,166 | €2,274 | -€892 | -28.2% |
| Other tangible fixed assets | 26 | €47,206 | €40,589 | -€6,618 | -14.0% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €260,731 | €286,879 | +€26,148 | +10.0% |
| Amounts receivable within one year | 40/41 | €5,129 | €4,406 | -€723 | -14.1% |
| Trade receivables | 40 | €1,696 | €4,328 | +€2,632 | +155.2% |
| Other amounts receivable | 41 | €3,433 | €78 | -€3,355 | -97.7% |
| Cash at bank and in hand | 54/58 | €255,523 | €276,507 | +€20,983 | +8.2% |
| Deferred charges and accrued income | 490/1 | €79 | €5,966 | +€5,887 | +7460.8% |
| Total equity and liabilities | 10/49 | €363,950 | €373,262 | +€9,312 | +2.6% |
| Equity | 10/15 | €207,517 | €234,409 | +€26,892 | +13.0% |
| Contributions | 10/11 | €67,500 | €67,500 | = | 0.0% |
| Capital | 10 | €67,500 | €67,500 | = | 0.0% |
| Issued capital | 100 | €67,500 | €67,500 | = | 0.0% |
| Reserves | 13 | €140,017 | €166,909 | +€26,892 | +19.2% |
| Non-distributable reserves | 130/1 | €6,750 | €6,750 | = | 0.0% |
| Legal reserve | 130 | €6,750 | €6,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,150 | €11,150 | = | 0.0% |
| Distributable reserves | 133 | €122,117 | €149,009 | +€26,892 | +22.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €156,433 | €138,853 | -€17,580 | -11.2% |
| Amounts payable after more than one year | 17 | €15,940 | €5,446 | -€10,494 | -65.8% |
| Financial debts | 170/4 | €15,940 | €5,446 | -€10,494 | -65.8% |
| Amounts payable within one year | 42/48 | €131,380 | €124,022 | -€7,358 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €9,986 | €10,494 | +€508 | +5.1% |
| Trade debts | 44 | €69,716 | €81,677 | +€11,961 | +17.2% |
| Suppliers | 440/4 | €69,716 | €81,677 | +€11,961 | +17.2% |
| Taxes, remuneration and social security | 45 | €51,678 | €31,773 | -€19,904 | -38.5% |
| Taxes | 450/3 | €18,984 | €15,221 | -€3,762 | -19.8% |
| Remuneration and social security | 454/9 | €32,694 | €16,552 | -€16,142 | -49.4% |
| Other amounts payable | 47/48 | - | €77 | +€77 | |
| Accrued charges and deferred income | 492/3 | €9,112 | €9,385 | +€273 | +3.0% |
| Remuneration, social security and pensions | 62 | €151,721 | €150,509 | -€1,213 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,175 | €16,836 | +€2,661 | +18.8% |
| Other operating charges | 640/8 | €7,502 | €7,209 | -€293 | -3.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €292,153 | €262,725 | -€29,427 | -10.1% |
| Operating profit (loss) | 9901 | €118,754 | €88,172 | -€30,582 | -25.8% |
| Financial income | 75/76B | €1,648 | €1,351 | -€297 | -18.0% |
| Recurring financial income | 75 | €1,648 | €1,351 | -€297 | -18.0% |
| Financial charges | 65/66B | €1,762 | €3,585 | +€1,823 | +103.5% |
| Recurring financial charges | 65 | €1,762 | €3,585 | +€1,823 | +103.5% |
| Profit (loss) for the period before taxes | 9903 | €118,640 | €85,938 | -€32,702 | -27.6% |
| Income taxes | 67/77 | €24,647 | €27,959 | +€3,312 | +13.4% |
| Profit (loss) for the period | 9904 | €93,992 | €57,979 | -€36,014 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €93,992 | €57,979 | -€36,014 | -38.3% |
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 6 October 2026 via checked.be.