Katelis: 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.
Katelis
Largest movements
- Tangible fixed assets +€52,009
up €52,009 (+44.8%), from €116,066 to €168,076
of which Land and buildings: +€57,857
- Receivables within one year -€11,589
down €11,589 (-47.4%), from €24,472 to €12,884
of which Trade receivables: -€14,943
- Cash -€9,063
down €9,063 (-57.4%), from €15,801 to €6,738
mainly Investment in fixed assets (net) (-€61,800) and Debts after one year (-€18,000)
- Other debts +€47,898
up €47,898 (+91.3%), from €52,462 to €100,360
- Debts after one year -€18,000
down €18,000 (-14.5%), from €124,500 to €106,500
- Purchases and services -€101,875
no longer reported in 2025 (was €101,875)
- Turnover -€94,500
no longer reported in 2025 (was €94,500)
- Gross operating margin +€14,016
up €14,016 (+122.1%), from €11,479 to €25,495
- Depreciation +€3,546
up €3,546 (+56.8%), from €6,244 to €9,791
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 | €159,210 | €189,294 | +€30,084 | +18.9% |
| Fixed assets | 21/28 | €116,066 | €168,076 | +€52,009 | +44.8% |
| Tangible fixed assets | 22/27 | €116,066 | €168,076 | +€52,009 | +44.8% |
| Land and buildings | 22 | €96,429 | €154,286 | +€57,857 | +60.0% |
| Plant, machinery and equipment | 23 | €17,805 | €12,804 | -€5,001 | -28.1% |
| Furniture and vehicles | 24 | €1,833 | €986 | -€847 | -46.2% |
| Current assets | 29/58 | €43,144 | €21,218 | -€21,925 | -50.8% |
| Amounts receivable within one year | 40/41 | €24,472 | €12,884 | -€11,589 | -47.4% |
| Trade receivables | 40 | €24,472 | €9,529 | -€14,943 | -61.1% |
| Other amounts receivable | 41 | - | €3,355 | +€3,355 | |
| Cash at bank and in hand | 54/58 | €15,801 | €6,738 | -€9,063 | -57.4% |
| Deferred charges and accrued income | 490/1 | €2,870 | €1,596 | -€1,274 | -44.4% |
| Total equity and liabilities | 10/49 | €159,210 | €189,294 | +€30,084 | +18.9% |
| Equity | 10/15 | -€40,240 | -€39,689 | +€551 | +1.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,240 | -€42,689 | +€551 | +1.3% |
| Amounts payable | 17/49 | €199,450 | €228,983 | +€29,533 | +14.8% |
| Amounts payable after more than one year | 17 | €124,500 | €106,500 | -€18,000 | -14.5% |
| Other amounts payable | 178/9 | €124,500 | €106,500 | -€18,000 | -14.5% |
| Amounts payable within one year | 42/48 | €74,950 | €122,483 | +€47,533 | +63.4% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €18,000 | = | 0.0% |
| Trade debts | 44 | €1,884 | €1,453 | -€431 | -22.9% |
| Suppliers | 440/4 | €1,884 | €1,453 | -€431 | -22.9% |
| Taxes, remuneration and social security | 45 | €2,603 | €2,670 | +€67 | +2.6% |
| Taxes | 450/3 | €2,603 | €2,670 | +€67 | +2.6% |
| Other amounts payable | 47/48 | €52,462 | €100,360 | +€47,898 | +91.3% |
| Turnover | 70 | €94,500 | - | -€94,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €101,875 | - | -€101,875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,244 | €9,791 | +€3,546 | +56.8% |
| Other operating charges | 640/8 | €2,600 | €3,012 | +€412 | +15.8% |
| Gross operating margin | 9900 | €11,479 | €25,495 | +€14,016 | +122.1% |
| Operating profit (loss) | 9901 | €2,634 | €12,692 | +€10,058 | +381.8% |
| Financial income | 75/76B | €1,077 | €170 | -€907 | -84.2% |
| Recurring financial income | 75 | €1,077 | €170 | -€907 | -84.2% |
| Financial charges | 65/66B | €11,209 | €12,128 | +€919 | +8.2% |
| Recurring financial charges | 65 | €11,209 | €12,128 | +€919 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,497 | €734 | +€8,232 | |
| Income taxes | 67/77 | €196 | €183 | -€12 | -6.3% |
| Profit (loss) for the period | 9904 | -€7,693 | €551 | +€8,244 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,693 | €551 | +€8,244 |
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 7 October 2026 via checked.be.