KATHAROS: 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.
KATHAROS
Largest movements
- Tangible fixed assets +€48,131
up €48,131 (+2.1%), from €2.3m to €2.3m
of which Land and buildings: +€49,454
- Cash +€44,428
up €44,428 (+42.2%), from €105,394 to €149,822
mainly Depreciation (+€87,771) and Net result for the year (+€36,783)
- Receivables within one year +€26,938
up €26,938 (+147.1%), from €18,309 to €45,247
of which Other amounts receivable: +€14,000
- Profit (loss) carried forward +€49,594
up €49,594 (+24.0%), from €206,608 to €256,202
- Tax, wage and social debts +€30,483
up €30,483 (+120.6%), from €25,266 to €55,749
- Other debts +€26,926
up €26,926 (+2.6%), from €1.0m to €1.1m
- Gross operating margin -€305,126
down €305,126 (-58.5%), from €521,623 to €216,496
- Taxes -€41,990
down €41,990 (-68.7%), from €61,097 to €19,107
- Financial income -€10,781
no longer reported in 2025 (was €10,781)
- Depreciation +€10,715
up €10,715 (+13.9%), from €77,057 to €87,771
- Financial charges +€5,603
up €5,603 (+8.7%), from €64,312 to €69,915
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 | €2,393,758 | €2,509,538 | +€115,780 | +4.8% |
| Fixed assets | 21/28 | €2,265,094 | €2,313,364 | +€48,270 | +2.1% |
| Tangible fixed assets | 22/27 | €2,263,314 | €2,311,444 | +€48,131 | +2.1% |
| Land and buildings | 22 | €2,257,477 | €2,306,932 | +€49,454 | +2.2% |
| Furniture and vehicles | 24 | €5,836 | €4,513 | -€1,324 | -22.7% |
| Financial fixed assets | 28 | €1,780 | €1,919 | +€139 | +7.8% |
| Current assets | 29/58 | €128,664 | €196,174 | +€67,510 | +52.5% |
| Amounts receivable within one year | 40/41 | €18,309 | €45,247 | +€26,938 | +147.1% |
| Trade receivables | 40 | €18,309 | €31,247 | +€12,938 | +70.7% |
| Other amounts receivable | 41 | - | €14,000 | +€14,000 | |
| Cash at bank and in hand | 54/58 | €105,394 | €149,822 | +€44,428 | +42.2% |
| Deferred charges and accrued income | 490/1 | €4,962 | €1,105 | -€3,856 | -77.7% |
| Total equity and liabilities | 10/49 | €2,393,758 | €2,509,538 | +€115,780 | +4.8% |
| Equity | 10/15 | €1,253,824 | €1,290,607 | +€36,783 | +2.9% |
| Contributions | 10/11 | €742,829 | €742,829 | = | 0.0% |
| Reserves | 13 | €304,387 | €291,576 | -€12,811 | -4.2% |
| Tax-exempt reserves | 132 | €302,527 | €289,716 | -€12,811 | -4.2% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,608 | €256,202 | +€49,594 | +24.0% |
| Provisions and deferred taxes | 16 | €75,632 | €72,429 | -€3,203 | -4.2% |
| Deferred taxes | 168 | €75,632 | €72,429 | -€3,203 | -4.2% |
| Amounts payable | 17/49 | €1,064,302 | €1,146,502 | +€82,200 | +7.7% |
| Amounts payable within one year | 42/48 | €1,064,302 | €1,146,502 | +€82,200 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €10,147 | €10,180 | +€32 | +0.3% |
| Trade debts | 44 | €700 | €25,459 | +€24,759 | +3537.8% |
| Suppliers | 440/4 | €700 | €25,459 | +€24,759 | +3537.8% |
| Taxes, remuneration and social security | 45 | €25,266 | €55,749 | +€30,483 | +120.6% |
| Taxes | 450/3 | €25,266 | €55,749 | +€30,483 | +120.6% |
| Other amounts payable | 47/48 | €1,028,189 | €1,055,115 | +€26,926 | +2.6% |
| Non-recurring operating income | 76A | €277,580 | - | -€277,580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,057 | €87,771 | +€10,715 | +13.9% |
| Other operating charges | 640/8 | €10,929 | €6,122 | -€4,807 | -44.0% |
| Gross operating margin | 9900 | €521,623 | €216,496 | -€305,126 | -58.5% |
| Operating profit (loss) | 9901 | €433,637 | €122,603 | -€311,034 | -71.7% |
| Financial income | 75/76B | €10,781 | - | -€10,781 | |
| Recurring financial income | 75 | €10,781 | - | -€10,781 | |
| Financial charges | 65/66B | €64,312 | €69,915 | +€5,603 | +8.7% |
| Recurring financial charges | 65 | €64,312 | €69,915 | +€5,603 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €380,106 | €52,687 | -€327,418 | -86.1% |
| Transfer from deferred taxes | 780 | €24,319 | €3,203 | -€21,116 | -86.8% |
| Transfer to deferred taxes | 680 | €50,887 | - | -€50,887 | |
| Income taxes | 67/77 | €61,097 | €19,107 | -€41,990 | -68.7% |
| Profit (loss) for the period | 9904 | €292,440 | €36,783 | -€255,657 | -87.4% |
| Transfer from tax-exempt reserves | 789 | €97,275 | €12,811 | -€84,464 | -86.8% |
| Transfer to tax-exempt reserves | 689 | €203,549 | - | -€203,549 | |
| Profit (loss) for the period to be appropriated | 9905 | €186,165 | €49,594 | -€136,571 | -73.4% |
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.