KATERHEIDE: 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.
KATERHEIDE
Largest movements
- Current investments -€130,000
no longer reported in 2025 (was €130,000)
- Tangible fixed assets -€63,594
down €63,594 (-4.4%), from €1.4m to €1.4m
of which Land and buildings: -€60,067
- Cash -€28,986
down €28,986 (-35.1%), from €82,647 to €53,661
mainly Debts after one year (-€206,227) and Current portion of long-term debt (-€30,000)
- Debts after one year -€206,227
down €206,227 (-19.3%), from €1.1m to €864,051
of which Financial debts: -€205,777
- Current portion of long-term debt -€30,000
down €30,000 (-37.5%), from €80,000 to €50,000
- Reserves +€19,702
up €19,702 (+5.1%), from €389,872 to €409,574
of which Distributable reserves: +€19,702
- Gross operating margin +€7,616
up €7,616 (+6.3%), from €120,592 to €128,208
- Financial income -€6,446
down €6,446 (-80.0%), from €8,057 to €1,611
- Financial charges -€5,858
down €5,858 (-15.3%), from €38,178 to €32,320
- Taxes +€2,988
up €2,988 (+70.8%), from €4,219 to €7,207
- Depreciation -€1,363
down €1,363 (-2.1%), from €64,957 to €63,594
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 | €1,689,522 | €1,483,418 | -€206,104 | -12.2% |
| Fixed assets | 21/28 | €1,440,729 | €1,377,403 | -€63,326 | -4.4% |
| Tangible fixed assets | 22/27 | €1,439,615 | €1,376,021 | -€63,594 | -4.4% |
| Land and buildings | 22 | €1,434,405 | €1,374,338 | -€60,067 | -4.2% |
| Plant, machinery and equipment | 23 | €515 | - | -€515 | |
| Furniture and vehicles | 24 | €4,695 | €1,683 | -€3,012 | -64.1% |
| Financial fixed assets | 28 | €1,113 | €1,381 | +€268 | +24.1% |
| Current assets | 29/58 | €248,793 | €106,015 | -€142,778 | -57.4% |
| Amounts receivable within one year | 40/41 | €36,146 | €52,242 | +€16,095 | +44.5% |
| Trade receivables | 40 | €29,522 | €48,965 | +€19,443 | +65.9% |
| Other amounts receivable | 41 | €6,624 | €3,276 | -€3,348 | -50.5% |
| Current investments | 50/53 | €130,000 | - | -€130,000 | |
| Cash at bank and in hand | 54/58 | €82,647 | €53,661 | -€28,986 | -35.1% |
| Deferred charges and accrued income | 490/1 | - | €112 | +€112 | |
| Total equity and liabilities | 10/49 | €1,689,522 | €1,483,418 | -€206,104 | -12.2% |
| Equity | 10/15 | €439,872 | €459,574 | +€19,702 | +4.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €389,872 | €409,574 | +€19,702 | +5.1% |
| Tax-exempt reserves | 132 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €372,872 | €392,574 | +€19,702 | +5.3% |
| Amounts payable | 17/49 | €1,249,650 | €1,023,844 | -€225,806 | -18.1% |
| Amounts payable after more than one year | 17 | €1,070,278 | €864,051 | -€206,227 | -19.3% |
| Financial debts | 170/4 | €1,061,728 | €855,951 | -€205,777 | -19.4% |
| Other amounts payable | 178/9 | €8,550 | €8,100 | -€450 | -5.3% |
| Amounts payable within one year | 42/48 | €86,008 | €66,428 | -€19,580 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €50,000 | -€30,000 | -37.5% |
| Trade debts | 44 | €1,246 | €1,885 | +€639 | +51.3% |
| Suppliers | 440/4 | €1,246 | €1,885 | +€639 | +51.3% |
| Taxes, remuneration and social security | 45 | €1,162 | €11,945 | +€10,783 | +928.2% |
| Taxes | 450/3 | €1,162 | €11,945 | +€10,783 | +928.2% |
| Other amounts payable | 47/48 | €3,600 | €2,598 | -€1,002 | -27.8% |
| Accrued charges and deferred income | 492/3 | €93,365 | €93,365 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,957 | €63,594 | -€1,363 | -2.1% |
| Other operating charges | 640/8 | €4,922 | €5,096 | +€174 | +3.5% |
| Gross operating margin | 9900 | €120,592 | €128,208 | +€7,616 | +6.3% |
| Operating profit (loss) | 9901 | €50,713 | €59,518 | +€8,805 | +17.4% |
| Financial income | 75/76B | €8,057 | €1,611 | -€6,446 | -80.0% |
| Recurring financial income | 75 | €8,057 | €1,611 | -€6,446 | -80.0% |
| Financial charges | 65/66B | €38,178 | €32,320 | -€5,858 | -15.3% |
| Recurring financial charges | 65 | €38,178 | €32,320 | -€5,858 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €20,592 | €28,809 | +€8,217 | +39.9% |
| Income taxes | 67/77 | €4,219 | €7,207 | +€2,988 | +70.8% |
| Profit (loss) for the period | 9904 | €16,373 | €21,602 | +€5,229 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,373 | €21,602 | +€5,229 | +31.9% |
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 4 October 2026 via checked.be.