KATAXAN: 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.
KATAXAN
Largest movements
- Tangible fixed assets +€139,298
up €139,298 (+25.4%), from €547,999 to €687,297
of which Land and buildings: +€225,585
- Cash -€58,522
down €58,522 (-82.9%), from €70,598 to €12,076
mainly Investment in fixed assets (net) (-€159,064) and Contributions, distributions and other (-€105,008)
- Receivables after one year -€32,189
down €32,189 (-29.8%), from €107,935 to €75,746
- Receivables within one year +€30,657
up €30,657 (+100%), from €30,572 to €61,229
of which Trade receivables: +€29,040
- Trade debts +€84,559
up €84,559 (+231%), from €36,537 to €121,096
- Debts after one year -€32,920
down €32,920 (-28.4%), from €115,772 to €82,852
- Reserves +€18,633
up €18,633 (+4.1%), from €449,648 to €468,281
- Tax, wage and social debts +€13,821
up €13,821 (+46.7%), from €29,573 to €43,394
of which Taxes: +€13,704
- Depreciation +€19,766
new in 2025: €19,766
- Gross operating margin +€18,263
up €18,263 (+8.3%), from €221,205 to €239,468
- Financial income -€3,777
down €3,777 (-35.9%), from €10,524 to €6,748
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 | €757,104 | €836,348 | +€79,244 | +10.5% |
| Fixed assets | 21/28 | €547,999 | €687,297 | +€139,298 | +25.4% |
| Tangible fixed assets | 22/27 | €547,999 | €687,297 | +€139,298 | +25.4% |
| Land and buildings | 22 | €348,756 | €574,341 | +€225,585 | +64.7% |
| Assets under construction and advance payments | 27 | €199,243 | €112,956 | -€86,287 | -43.3% |
| Current assets | 29/58 | €209,105 | €149,051 | -€60,054 | -28.7% |
| Amounts receivable after more than one year | 29 | €107,935 | €75,746 | -€32,189 | -29.8% |
| Other amounts receivable | 291 | €107,935 | €75,746 | -€32,189 | -29.8% |
| Amounts receivable within one year | 40/41 | €30,572 | €61,229 | +€30,657 | +100% |
| Trade receivables | 40 | - | €29,040 | +€29,040 | |
| Other amounts receivable | 41 | €30,572 | €32,189 | +€1,617 | +5.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €70,598 | €12,076 | -€58,522 | -82.9% |
| Total equity and liabilities | 10/49 | €757,104 | €836,348 | +€79,244 | +10.5% |
| Equity | 10/15 | €529,775 | €548,408 | +€18,633 | +3.5% |
| Contributions | 10/11 | €73,300 | €73,300 | = | 0.0% |
| Reserves | 13 | €449,648 | €468,281 | +€18,633 | +4.1% |
| Distributable reserves | 133 | €449,648 | €468,281 | +€18,633 | +4.1% |
| Profit (loss) carried forward | 14 | €6,827 | €6,827 | = | 0.0% |
| Amounts payable | 17/49 | €227,329 | €287,940 | +€60,611 | +26.7% |
| Amounts payable after more than one year | 17 | €115,772 | €82,852 | -€32,920 | -28.4% |
| Financial debts | 170/4 | €115,772 | €82,852 | -€32,920 | -28.4% |
| Amounts payable within one year | 42/48 | €111,557 | €205,088 | +€93,531 | +83.8% |
| Current portion of amounts payable after more than one year | 42 | €31,391 | €32,920 | +€1,528 | +4.9% |
| Trade debts | 44 | €36,537 | €121,096 | +€84,559 | +231% |
| Suppliers | 440/4 | €36,537 | €121,096 | +€84,559 | +231% |
| Taxes, remuneration and social security | 45 | €29,573 | €43,394 | +€13,821 | +46.7% |
| Taxes | 450/3 | €25,262 | €38,966 | +€13,704 | +54.2% |
| Remuneration and social security | 454/9 | €4,311 | €4,428 | +€117 | +2.7% |
| Other amounts payable | 47/48 | €14,055 | €7,678 | -€6,377 | -45.4% |
| Remuneration, social security and pensions | 62 | €35,273 | €36,278 | +€1,005 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €19,766 | +€19,766 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,171 | €6,031 | +€861 | +16.6% |
| Gross operating margin | 9900 | €221,205 | €239,468 | +€18,263 | +8.3% |
| Operating profit (loss) | 9901 | €180,762 | €177,393 | -€3,369 | -1.9% |
| Financial income | 75/76B | €10,524 | €6,748 | -€3,777 | -35.9% |
| Recurring financial income | 75 | €10,524 | €6,748 | -€3,777 | -35.9% |
| Financial charges | 65/66B | €9,529 | €8,247 | -€1,282 | -13.5% |
| Recurring financial charges | 65 | €9,529 | €8,247 | -€1,282 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €181,757 | €175,893 | -€5,864 | -3.2% |
| Income taxes | 67/77 | €53,700 | €52,253 | -€1,447 | -2.7% |
| Profit (loss) for the period | 9904 | €128,057 | €123,640 | -€4,416 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €128,057 | €123,640 | -€4,416 | -3.4% |
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 21 October 2026 via checked.be.