KATE: 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.
KATE
Largest movements
- Cash -€8,500
down €8,500 (-95.9%), from €8,860 to €360
mainly Net result for the year (-€22,138) and Tax, wage and social debts (-€3,000)
- Tangible fixed assets -€7,794
down €7,794 (-7.8%), from €99,508 to €91,714
of which Land and buildings: -€7,642
- Receivables within one year +€2,347
up €2,347 (+58.1%), from €4,039 to €6,386
of which Other amounts receivable: +€2,347
- Reserves -€22,138
down €22,138 (-23.4%), from €94,465 to €72,327
- Other debts +€11,179
up €11,179 (+140.9%), from €7,932 to €19,110
- Tax, wage and social debts -€3,000
no longer reported in 2025 (was €3,000)
- Gross operating margin -€20,498
down €20,498, from €8,582 to -€11,917
- Depreciation -€5,626
down €5,626 (-41.9%), from €13,420 to €7,794
- Other operating charges +€973
up €973 (+83.4%), from €1,166 to €2,138
- Taxes -€134
down €134, from €114 to -€20
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 | €112,440 | €98,480 | -€13,960 | -12.4% |
| Fixed assets | 21/28 | €99,508 | €91,714 | -€7,794 | -7.8% |
| Tangible fixed assets | 22/27 | €99,508 | €91,714 | -€7,794 | -7.8% |
| Land and buildings | 22 | €99,356 | €91,714 | -€7,642 | -7.7% |
| Furniture and vehicles | 24 | €152 | - | -€152 | |
| Current assets | 29/58 | €12,932 | €6,766 | -€6,166 | -47.7% |
| Amounts receivable within one year | 40/41 | €4,039 | €6,386 | +€2,347 | +58.1% |
| Trade receivables | 40 | €1,686 | €1,686 | = | 0.0% |
| Other amounts receivable | 41 | €2,353 | €4,700 | +€2,347 | +99.7% |
| Current investments | 50/53 | €33 | €20 | -€13 | -38.1% |
| Cash at bank and in hand | 54/58 | €8,860 | €360 | -€8,500 | -95.9% |
| Total equity and liabilities | 10/49 | €112,440 | €98,480 | -€13,960 | -12.4% |
| Equity | 10/15 | €100,662 | €78,524 | -€22,138 | -22.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €94,465 | €72,327 | -€22,138 | -23.4% |
| Distributable reserves | 133 | €94,465 | €72,327 | -€22,138 | -23.4% |
| Amounts payable | 17/49 | €11,778 | €19,956 | +€8,179 | +69.4% |
| Amounts payable within one year | 42/48 | €11,778 | €19,956 | +€8,179 | +69.4% |
| Financial debts | 43 | €846 | €846 | = | 0.0% |
| Credit institutions | 430/8 | €846 | €846 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,000 | - | -€3,000 | |
| Taxes | 450/3 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €7,932 | €19,110 | +€11,179 | +140.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,420 | €7,794 | -€5,626 | -41.9% |
| Other operating charges | 640/8 | €1,166 | €2,138 | +€973 | +83.4% |
| Gross operating margin | 9900 | €8,582 | -€11,917 | -€20,498 | |
| Operating profit (loss) | 9901 | -€6,004 | -€21,849 | -€15,845 | -263.9% |
| Financial income | 75/76B | €7 | €1 | -€6 | -92.3% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -92.3% |
| Financial charges | 65/66B | €246 | €311 | +€64 | +26.1% |
| Recurring financial charges | 65 | €246 | €311 | +€64 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,243 | -€22,159 | -€15,916 | -254.9% |
| Income taxes | 67/77 | €114 | -€20 | -€134 | |
| Profit (loss) for the period | 9904 | -€6,357 | -€22,138 | -€15,781 | -248.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,357 | -€22,138 | -€15,781 | -248.3% |
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 29 September 2026 via checked.be.