KATE'ART: 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.
KATE'ART
Largest movements
- Financial fixed assets +€216,958
new in 2025: €216,958
- Receivables after one year -€211,151
no longer reported in 2025 (was €211,151)
- Receivables within one year -€54,167
down €54,167 (-19.8%), from €273,206 to €219,039
of which Other amounts receivable: -€32,244
- Cash -€35,632
down €35,632 (-69.7%), from €51,150 to €15,518
mainly Investment in fixed assets (net) (-€232,138) and Other debts (-€44,275)
- Other debts -€44,275
down €44,275 (-86.2%), from €51,343 to €7,068
- Profit (loss) carried forward -€23,161
down €23,161 (-28.5%), from €81,403 to €58,242
- Trade debts -€10,435
down €10,435 (-37.7%), from €27,700 to €17,265
- Gross operating margin -€66,996
down €66,996, from €44,539 to -€22,456
- Taxes -€13,675
down €13,675, from €13,591 to -€84
- Financial income +€918
up €918 (+6.7%), from €13,620 to €14,538
- Other operating charges +€653
up €653 (+40.4%), from €1,615 to €2,268
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 | €739,164 | €664,907 | -€74,257 | -10.0% |
| Fixed assets | 21/28 | €187,811 | €407,704 | +€219,893 | +117% |
| Tangible fixed assets | 22/27 | €187,811 | €190,746 | +€2,935 | +1.6% |
| Land and buildings | 22 | €111,618 | €108,421 | -€3,197 | -2.9% |
| Furniture and vehicles | 24 | €1,034 | €1,558 | +€524 | +50.7% |
| Other tangible fixed assets | 26 | €75,158 | €80,766 | +€5,608 | +7.5% |
| Financial fixed assets | 28 | - | €216,958 | +€216,958 | |
| Current assets | 29/58 | €551,354 | €257,204 | -€294,150 | -53.4% |
| Amounts receivable after more than one year | 29 | €211,151 | - | -€211,151 | |
| Other amounts receivable | 291 | €211,151 | - | -€211,151 | |
| Stocks and contracts in progress | 3 | €13,260 | €14,591 | +€1,331 | +10.0% |
| Stocks | 30/36 | €13,260 | €14,591 | +€1,331 | +10.0% |
| Amounts receivable within one year | 40/41 | €273,206 | €219,039 | -€54,167 | -19.8% |
| Trade receivables | 40 | €76,030 | €54,108 | -€21,923 | -28.8% |
| Other amounts receivable | 41 | €197,176 | €164,932 | -€32,244 | -16.4% |
| Cash at bank and in hand | 54/58 | €51,150 | €15,518 | -€35,632 | -69.7% |
| Deferred charges and accrued income | 490/1 | €2,586 | €8,055 | +€5,469 | +211% |
| Total equity and liabilities | 10/49 | €739,164 | €664,907 | -€74,257 | -10.0% |
| Equity | 10/15 | €646,938 | €623,777 | -€23,161 | -3.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €559,335 | €559,335 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €557,475 | €557,475 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,403 | €58,242 | -€23,161 | -28.5% |
| Amounts payable | 17/49 | €92,227 | €41,130 | -€51,097 | -55.4% |
| Amounts payable within one year | 42/48 | €91,695 | €40,599 | -€51,097 | -55.7% |
| Financial debts | 43 | €199 | €0 | -€199 | -100% |
| Credit institutions | 430/8 | €199 | €0 | -€199 | -100% |
| Trade debts | 44 | €27,700 | €17,265 | -€10,435 | -37.7% |
| Suppliers | 440/4 | €27,700 | €17,265 | -€10,435 | -37.7% |
| Taxes, remuneration and social security | 45 | €12,453 | €16,266 | +€3,813 | +30.6% |
| Taxes | 450/3 | €12,453 | €16,266 | +€3,813 | +30.6% |
| Other amounts payable | 47/48 | €51,343 | €7,068 | -€44,275 | -86.2% |
| Accrued charges and deferred income | 492/3 | €532 | €532 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,558 | €12,245 | -€313 | -2.5% |
| Other operating charges | 640/8 | €1,615 | €2,268 | +€653 | +40.4% |
| Gross operating margin | 9900 | €44,539 | -€22,456 | -€66,996 | |
| Operating profit (loss) | 9901 | €30,367 | -€36,969 | -€67,336 | |
| Financial income | 75/76B | €13,620 | €14,538 | +€918 | +6.7% |
| Recurring financial income | 75 | €13,620 | €14,538 | +€918 | +6.7% |
| Financial charges | 65/66B | €998 | €813 | -€185 | -18.5% |
| Recurring financial charges | 65 | €998 | €813 | -€185 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €42,988 | -€23,244 | -€66,232 | |
| Income taxes | 67/77 | €13,591 | -€84 | -€13,675 | |
| Profit (loss) for the period | 9904 | €29,397 | -€23,161 | -€52,557 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,397 | -€23,161 | -€52,557 |
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 28 October 2026 via checked.be.