KATH-IAN: 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.
KATH-IAN
Largest movements
- Cash +€5,095
up €5,095 (+7.3%), from €70,152 to €75,246
mainly Short-term financial debts (+€25,016) and Net result for the year (+€14,180)
- Receivables within one year +€2,053
up €2,053 (+38.8%), from €5,285 to €7,338
of which Other amounts receivable: +€4,331
- Tangible fixed assets -€1,375
down €1,375 (-6.1%), from €22,355 to €20,981
of which Leasing and similar rights: -€6,588
- Short-term financial debts +€25,016
up €25,016 (+4,624%), from €541 to €25,557
- Other debts -€7,804
down €7,804 (-30.5%), from €25,628 to €17,824
- Debts after one year -€6,289
down €6,289 (-41.3%), from €15,228 to €8,939
- Reserves -€4,582
down €4,582 (-9.1%), from €50,382 to €45,800
- Tax, wage and social debts -€1,536
down €1,536 (-20.0%), from €7,671 to €6,134
- Gross operating margin +€16,675
up €16,675 (+97.9%), from €17,025 to €33,700
- Taxes +€4,870
up €4,870 (+199%), from €2,442 to €7,312
- Financial charges +€953
up €953 (+45.8%), from €2,079 to €3,031
- Other operating charges +€647
up €647 (+59.0%), from €1,096 to €1,743
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 | €114,867 | €119,688 | +€4,821 | +4.2% |
| Fixed assets | 21/28 | €22,495 | €21,121 | -€1,375 | -6.1% |
| Tangible fixed assets | 22/27 | €22,355 | €20,981 | -€1,375 | -6.1% |
| Plant, machinery and equipment | 23 | - | €3,070 | +€3,070 | |
| Furniture and vehicles | 24 | €2,476 | €4,620 | +€2,144 | +86.6% |
| Leasing and similar rights | 25 | €19,879 | €13,291 | -€6,588 | -33.1% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €92,372 | €98,567 | +€6,195 | +6.7% |
| Stocks and contracts in progress | 3 | €3,675 | €3,425 | -€250 | -6.8% |
| Stocks | 30/36 | €3,675 | €3,425 | -€250 | -6.8% |
| Amounts receivable within one year | 40/41 | €5,285 | €7,338 | +€2,053 | +38.8% |
| Trade receivables | 40 | €4,978 | €2,700 | -€2,279 | -45.8% |
| Other amounts receivable | 41 | €307 | €4,638 | +€4,331 | +1,411% |
| Cash at bank and in hand | 54/58 | €70,152 | €75,246 | +€5,095 | +7.3% |
| Deferred charges and accrued income | 490/1 | €13,260 | €12,558 | -€702 | -5.3% |
| Total equity and liabilities | 10/49 | €114,867 | €119,688 | +€4,821 | +4.2% |
| Equity | 10/15 | €51,382 | €46,800 | -€4,582 | -8.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €50,382 | €45,800 | -€4,582 | -9.1% |
| Distributable reserves | 133 | €50,382 | €45,800 | -€4,582 | -9.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,485 | €72,887 | +€9,402 | +14.8% |
| Amounts payable after more than one year | 17 | €15,228 | €8,939 | -€6,289 | -41.3% |
| Financial debts | 170/4 | €15,228 | €8,939 | -€6,289 | -41.3% |
| Amounts payable within one year | 42/48 | €48,257 | €63,949 | +€15,692 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €6,037 | €6,289 | +€252 | +4.2% |
| Financial debts | 43 | €541 | €25,557 | +€25,016 | +4,624% |
| Credit institutions | 430/8 | €541 | €25,557 | +€25,016 | +4,624% |
| Trade debts | 44 | €8,380 | €8,144 | -€236 | -2.8% |
| Suppliers | 440/4 | €8,380 | €8,144 | -€236 | -2.8% |
| Taxes, remuneration and social security | 45 | €7,671 | €6,134 | -€1,536 | -20.0% |
| Taxes | 450/3 | €7,671 | €6,134 | -€1,536 | -20.0% |
| Other amounts payable | 47/48 | €25,628 | €17,824 | -€7,804 | -30.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,321 | €7,459 | +€137 | +1.9% |
| Other operating charges | 640/8 | €1,096 | €1,743 | +€647 | +59.0% |
| Gross operating margin | 9900 | €17,025 | €33,700 | +€16,675 | +97.9% |
| Operating profit (loss) | 9901 | €8,608 | €24,499 | +€15,891 | +185% |
| Financial income | 75/76B | €64 | €25 | -€39 | -61.0% |
| Recurring financial income | 75 | €64 | €25 | -€39 | -61.0% |
| Financial charges | 65/66B | €2,079 | €3,031 | +€953 | +45.8% |
| Recurring financial charges | 65 | €2,079 | €3,031 | +€953 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €6,593 | €21,492 | +€14,899 | +226% |
| Income taxes | 67/77 | €2,442 | €7,312 | +€4,870 | +199% |
| Profit (loss) for the period | 9904 | €4,151 | €14,180 | +€10,029 | +242% |
| Profit (loss) for the period to be appropriated | 9905 | €4,151 | €14,180 | +€10,029 | +242% |
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 27 October 2026 via checked.be.