KATERO: 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.
KATERO
Largest movements
- Cash -€323,304
down €323,304 (-41.6%), from €776,704 to €453,400
mainly Contributions, distributions and other (-€254,302) and Current investments (-€204,767)
- Current investments +€204,767
up €204,767 (+48.8%), from €419,201 to €623,969
- Receivables after one year -€39,197
down €39,197 (-74.5%), from €52,604 to €13,407
- Tangible fixed assets -€29,296
down €29,296 (-3.2%), from €929,070 to €899,774
of which Furniture and vehicles: -€37,302
- Reserves -€166,411
down €166,411 (-7.9%), from €2.1m to €1.9m
of which Distributable reserves: -€166,411
- Tax, wage and social debts -€103,846
down €103,846 (-75.9%), from €136,888 to €33,042
of which Remuneration and social security: -€52,451
- Other debts +€91,761
up €91,761 (+453%), from €20,277 to €112,039
- Gross operating margin -€847,071
down €847,071 (-82.6%), from €1.0m to €178,228
- Staff costs -€557,858
down €557,858, from €555,059 to -€2,798
- Taxes -€98,821
down €98,821 (-68.8%), from €143,626 to €44,806
- Financial charges -€18,760
down €18,760 (-72.5%), from €25,884 to €7,124
- Financial income +€12,679
up €12,679 (+71.3%), from €17,773 to €30,452
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,337,701 | €2,164,407 | -€173,294 | -7.4% |
| Fixed assets | 21/28 | €929,070 | €899,774 | -€29,296 | -3.2% |
| Tangible fixed assets | 22/27 | €929,070 | €899,774 | -€29,296 | -3.2% |
| Land and buildings | 22 | €781,558 | €789,565 | +€8,007 | +1.0% |
| Furniture and vehicles | 24 | €147,512 | €110,209 | -€37,302 | -25.3% |
| Current assets | 29/58 | €1,408,631 | €1,264,633 | -€143,998 | -10.2% |
| Amounts receivable after more than one year | 29 | €52,604 | €13,407 | -€39,197 | -74.5% |
| Other amounts receivable | 291 | €52,604 | €13,407 | -€39,197 | -74.5% |
| Amounts receivable within one year | 40/41 | €147,612 | €160,529 | +€12,916 | +8.8% |
| Trade receivables | 40 | €33,686 | €45,113 | +€11,427 | +33.9% |
| Other amounts receivable | 41 | €113,927 | €115,416 | +€1,489 | +1.3% |
| Current investments | 50/53 | €419,201 | €623,969 | +€204,767 | +48.8% |
| Cash at bank and in hand | 54/58 | €776,704 | €453,400 | -€323,304 | -41.6% |
| Deferred charges and accrued income | 490/1 | €12,510 | €13,329 | +€819 | +6.5% |
| Total equity and liabilities | 10/49 | €2,337,701 | €2,164,407 | -€173,294 | -7.4% |
| Equity | 10/15 | €2,168,657 | €2,002,246 | -€166,411 | -7.7% |
| Contributions | 10/11 | €61,502 | €61,502 | = | 0.0% |
| Capital | 10 | €61,502 | €61,502 | = | 0.0% |
| Issued capital | 100 | €61,502 | €61,502 | = | 0.0% |
| Reserves | 13 | €2,107,154 | €1,940,744 | -€166,411 | -7.9% |
| Non-distributable reserves | 130/1 | €81,400 | €81,400 | = | 0.0% |
| Legal reserve | 130 | €81,400 | €81,400 | = | 0.0% |
| Distributable reserves | 133 | €2,025,754 | €1,859,344 | -€166,411 | -8.2% |
| Amounts payable | 17/49 | €169,044 | €162,161 | -€6,883 | -4.1% |
| Amounts payable within one year | 42/48 | €168,632 | €158,127 | -€10,505 | -6.2% |
| Trade debts | 44 | €10,478 | €13,046 | +€2,568 | +24.5% |
| Suppliers | 440/4 | €10,478 | €13,046 | +€2,568 | +24.5% |
| Advances received on contracts in progress | 46 | €988 | - | -€988 | |
| Taxes, remuneration and social security | 45 | €136,888 | €33,042 | -€103,846 | -75.9% |
| Taxes | 450/3 | €84,438 | €33,042 | -€51,396 | -60.9% |
| Remuneration and social security | 454/9 | €52,451 | - | -€52,451 | |
| Other amounts payable | 47/48 | €20,277 | €112,039 | +€91,761 | +453% |
| Accrued charges and deferred income | 492/3 | €412 | €4,034 | +€3,622 | +879% |
| Non-recurring operating income | 76A | €75,315 | - | -€75,315 | |
| Remuneration, social security and pensions | 62 | €555,059 | -€2,798 | -€557,858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,562 | €59,589 | +€10,027 | +20.2% |
| Other operating charges | 640/8 | €8,492 | €12,068 | +€3,576 | +42.1% |
| Gross operating margin | 9900 | €1,025,299 | €178,228 | -€847,071 | -82.6% |
| Operating profit (loss) | 9901 | €412,186 | €109,368 | -€302,817 | -73.5% |
| Financial income | 75/76B | €17,773 | €30,452 | +€12,679 | +71.3% |
| Recurring financial income | 75 | €17,773 | €30,452 | +€12,679 | +71.3% |
| Financial charges | 65/66B | €25,884 | €7,124 | -€18,760 | -72.5% |
| Recurring financial charges | 65 | €25,884 | €7,124 | -€18,760 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €404,075 | €132,697 | -€271,378 | -67.2% |
| Income taxes | 67/77 | €143,626 | €44,806 | -€98,821 | -68.8% |
| Profit (loss) for the period | 9904 | €260,449 | €87,891 | -€172,557 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €260,449 | €87,891 | -€172,557 | -66.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.