Kathan: 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.
Kathan
Largest movements
- Tangible fixed assets +€245,031
up €245,031 (+45.1%), from €543,808 to €788,838
of which Furniture and vehicles: +€229,122
- Receivables within one year +€10,863
up €10,863 (+30.9%), from €35,152 to €46,015
of which Other amounts receivable: +€46,015
- Debts after one year +€182,645
up €182,645 (+41.6%), from €439,070 to €621,715
of which Advances received on contracts in progress: +€200,000
- Other debts +€88,799
up €88,799 (+326.8%), from €27,169 to €115,968
- Profit (loss) carried forward -€10,648
down €10,648 (-27.7%), from -€38,447 to -€49,095
- Depreciation +€4,959
up €4,959 (+32.3%), from €15,359 to €20,318
- Gross operating margin -€4,329
down €4,329 (-20.6%), from €20,997 to €16,669
- Other operating charges +€818
up €818 (+63.2%), from €1,294 to €2,111
- Financial charges -€695
down €695 (-12.4%), from €5,594 to €4,899
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 | €580,889 | €841,842 | +€260,953 | +44.9% |
| Fixed assets | 21/28 | €543,808 | €788,838 | +€245,031 | +45.1% |
| Tangible fixed assets | 22/27 | €543,808 | €788,838 | +€245,031 | +45.1% |
| Land and buildings | 22 | €525,715 | €542,594 | +€16,879 | +3.2% |
| Plant, machinery and equipment | 23 | €7,203 | €6,233 | -€970 | -13.5% |
| Furniture and vehicles | 24 | €0 | €229,122 | +€229,122 | |
| Assets under construction and advance payments | 27 | €10,890 | €10,890 | = | 0.0% |
| Current assets | 29/58 | €37,082 | €53,004 | +€15,922 | +42.9% |
| Amounts receivable within one year | 40/41 | €35,152 | €46,015 | +€10,863 | +30.9% |
| Trade receivables | 40 | €35,152 | €0 | -€35,152 | -100.0% |
| Other amounts receivable | 41 | €0 | €46,015 | +€46,015 | |
| Cash at bank and in hand | 54/58 | €1,929 | €6,871 | +€4,941 | +256.1% |
| Deferred charges and accrued income | 490/1 | - | €118 | +€118 | |
| Total equity and liabilities | 10/49 | €580,889 | €841,842 | +€260,953 | +44.9% |
| Equity | 10/15 | €93,860 | €83,212 | -€10,648 | -11.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €32,307 | €32,307 | = | 0.0% |
| Distributable reserves | 133 | €32,307 | €32,307 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,447 | -€49,095 | -€10,648 | -27.7% |
| Amounts payable | 17/49 | €487,029 | €758,630 | +€271,601 | +55.8% |
| Amounts payable after more than one year | 17 | €439,070 | €621,715 | +€182,645 | +41.6% |
| Financial debts | 170/4 | €189,070 | €171,715 | -€17,355 | -9.2% |
| Advances received on contracts in progress | 176 | €250,000 | €450,000 | +€200,000 | +80.0% |
| Amounts payable within one year | 42/48 | €47,960 | €136,916 | +€88,956 | +185.5% |
| Current portion of amounts payable after more than one year | 42 | €17,698 | €18,158 | +€460 | +2.6% |
| Trade debts | 44 | €95 | €2,790 | +€2,695 | +2836.8% |
| Suppliers | 440/4 | €95 | €2,790 | +€2,695 | +2836.8% |
| Taxes, remuneration and social security | 45 | €2,998 | €0 | -€2,998 | -100.0% |
| Taxes | 450/3 | €2,998 | €0 | -€2,998 | -100.0% |
| Other amounts payable | 47/48 | €27,169 | €115,968 | +€88,799 | +326.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,359 | €20,318 | +€4,959 | +32.3% |
| Other operating charges | 640/8 | €1,294 | €2,111 | +€818 | +63.2% |
| Gross operating margin | 9900 | €20,997 | €16,669 | -€4,329 | -20.6% |
| Operating profit (loss) | 9901 | €4,345 | -€5,761 | -€10,105 | |
| Financial income | 75/76B | €0 | €12 | +€12 | |
| Recurring financial income | 75 | €0 | €12 | +€12 | |
| Financial charges | 65/66B | €5,594 | €4,899 | -€695 | -12.4% |
| Recurring financial charges | 65 | €5,594 | €4,899 | -€695 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,249 | -€10,648 | -€9,399 | -752.4% |
| Profit (loss) for the period | 9904 | -€1,249 | -€10,648 | -€9,399 | -752.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,249 | -€10,648 | -€9,399 | -752.4% |
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 10 October 2026 via checked.be.