Kateel: 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.
Kateel
Largest movements
- Cash +€87,349
up €87,349 (+89.1%), from €98,008 to €185,357
mainly Current portion of long-term debt (+€75,000) and Current investments (+€62,902)
- Current investments -€62,902
down €62,902 (-73.1%), from €86,088 to €23,186
- Tangible fixed assets +€6,078
up €6,078 (+4.8%), from €126,895 to €132,974
of which Furniture and vehicles: +€15,008
- Debts after one year -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Current portion of long-term debt +€75,000
new in 2025: €75,000
- Reserves +€60,295
up €60,295 (+44.7%), from €134,850 to €195,145
of which Distributable reserves: +€60,295
- Other debts -€36,950
down €36,950 (-46.9%), from €78,821 to €41,871
- Tax, wage and social debts +€13,698
up €13,698 (+92.1%), from €14,867 to €28,565
- Gross operating margin +€47,597
up €47,597 (+84.7%), from €56,209 to €103,806
- Taxes +€12,724
up €12,724 (+92.9%), from €13,693 to €26,417
- Financial charges -€2,637
down €2,637 (-29.2%), from €9,043 to €6,406
- Financial income -€1,664
down €1,664 (-50.1%), from €3,319 to €1,655
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 | €325,972 | €357,910 | +€31,938 | +9.8% |
| Fixed assets | 21/28 | €126,895 | €132,974 | +€6,078 | +4.8% |
| Tangible fixed assets | 22/27 | €126,895 | €132,974 | +€6,078 | +4.8% |
| Plant, machinery and equipment | 23 | €6,798 | €4,989 | -€1,809 | -26.6% |
| Furniture and vehicles | 24 | €3,987 | €18,995 | +€15,008 | +376.4% |
| Other tangible fixed assets | 26 | €116,110 | €108,989 | -€7,121 | -6.1% |
| Current assets | 29/58 | €199,077 | €224,936 | +€25,860 | +13.0% |
| Amounts receivable within one year | 40/41 | €14,014 | €16,393 | +€2,379 | +17.0% |
| Trade receivables | 40 | €13,789 | €14,599 | +€810 | +5.9% |
| Other amounts receivable | 41 | €225 | €1,794 | +€1,570 | +698.6% |
| Current investments | 50/53 | €86,088 | €23,186 | -€62,902 | -73.1% |
| Cash at bank and in hand | 54/58 | €98,008 | €185,357 | +€87,349 | +89.1% |
| Deferred charges and accrued income | 490/1 | €967 | €0 | -€967 | -100.0% |
| Total equity and liabilities | 10/49 | €325,972 | €357,910 | +€31,938 | +9.8% |
| Equity | 10/15 | €147,571 | €207,866 | +€60,295 | +40.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €134,850 | €195,145 | +€60,295 | +44.7% |
| Tax-exempt reserves | 132 | €13,539 | €13,539 | = | 0.0% |
| Distributable reserves | 133 | €121,311 | €181,606 | +€60,295 | +49.7% |
| Profit (loss) carried forward | 14 | €321 | €321 | = | 0.0% |
| Amounts payable | 17/49 | €178,401 | €150,044 | -€28,357 | -15.9% |
| Amounts payable after more than one year | 17 | €75,000 | €0 | -€75,000 | -100.0% |
| Financial debts | 170/4 | €75,000 | €0 | -€75,000 | -100.0% |
| Amounts payable within one year | 42/48 | €96,030 | €145,832 | +€49,802 | +51.9% |
| Current portion of amounts payable after more than one year | 42 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €2,343 | €396 | -€1,946 | -83.1% |
| Suppliers | 440/4 | €2,343 | €396 | -€1,946 | -83.1% |
| Taxes, remuneration and social security | 45 | €14,867 | €28,565 | +€13,698 | +92.1% |
| Taxes | 450/3 | €14,867 | €28,565 | +€13,698 | +92.1% |
| Other amounts payable | 47/48 | €78,821 | €41,871 | -€36,950 | -46.9% |
| Accrued charges and deferred income | 492/3 | €7,371 | €4,212 | -€3,159 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,533 | €9,843 | +€310 | +3.3% |
| Other operating charges | 640/8 | €2,319 | €2,499 | +€180 | +7.8% |
| Gross operating margin | 9900 | €56,209 | €103,806 | +€47,597 | +84.7% |
| Operating profit (loss) | 9901 | €44,357 | €91,463 | +€47,107 | +106.2% |
| Financial income | 75/76B | €3,319 | €1,655 | -€1,664 | -50.1% |
| Recurring financial income | 75 | €3,319 | €1,655 | -€1,664 | -50.1% |
| Financial charges | 65/66B | €9,043 | €6,406 | -€2,637 | -29.2% |
| Recurring financial charges | 65 | €9,043 | €6,406 | -€2,637 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €38,633 | €86,712 | +€48,079 | +124.5% |
| Income taxes | 67/77 | €13,693 | €26,417 | +€12,724 | +92.9% |
| Profit (loss) for the period | 9904 | €24,940 | €60,295 | +€35,355 | +141.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,940 | €60,295 | +€35,355 | +141.8% |
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 30 September 2026 via checked.be.