KATHINKA ENGINEERING: 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.
KATHINKA ENGINEERING
Largest movements
- Tangible fixed assets +€406,722
up €406,722 (+70.8%), from €574,705 to €981,427
of which Land and buildings: +€393,992
- Receivables within one year +€168,996
up €168,996 (+999%), from €16,921 to €185,917
of which Trade receivables: +€169,948
- Cash -€41,737
down €41,737 (-43.4%), from €96,276 to €54,539
mainly Investment in fixed assets (net) (-€438,354) and Receivables within one year (-€168,996)
- Other debts +€382,211
up €382,211 (+229%), from €167,108 to €549,319
- Trade debts +€198,798
up €198,798 (+873%), from €22,781 to €221,579
- Profit (loss) carried forward -€43,628
down €43,628 (-97.1%), from €44,944 to €1,316
- Debts after one year -€14,242
down €14,242 (-3.6%), from €390,938 to €376,696
of which Financial debts: -€14,242
- Gross operating margin -€49,298
down €49,298, from €48,536 to -€763
- Depreciation +€10,231
up €10,231 (+47.8%), from €21,401 to €31,632
- Financial charges -€6,306
down €6,306 (-37.0%), from €17,025 to €10,719
- Taxes -€5,522
down €5,522 (-100%), from €5,522 to €0
- Financial income -€2,906
down €2,906 (-98.1%), from €2,962 to €55
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 | €687,903 | €1,221,883 | +€533,981 | +77.6% |
| Fixed assets | 21/28 | €574,705 | €981,427 | +€406,722 | +70.8% |
| Tangible fixed assets | 22/27 | €574,705 | €981,427 | +€406,722 | +70.8% |
| Land and buildings | 22 | €555,690 | €949,681 | +€393,992 | +70.9% |
| Plant, machinery and equipment | 23 | - | €20,884 | +€20,884 | |
| Furniture and vehicles | 24 | €5,114 | €3,980 | -€1,133 | -22.2% |
| Other tangible fixed assets | 26 | €13,901 | €6,880 | -€7,021 | -50.5% |
| Current assets | 29/58 | €113,198 | €240,456 | +€127,259 | +112% |
| Amounts receivable within one year | 40/41 | €16,921 | €185,917 | +€168,996 | +999% |
| Trade receivables | 40 | €14,161 | €184,108 | +€169,948 | +1,200% |
| Other amounts receivable | 41 | €2,761 | €1,809 | -€952 | -34.5% |
| Cash at bank and in hand | 54/58 | €96,276 | €54,539 | -€41,737 | -43.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €687,903 | €1,221,883 | +€533,981 | +77.6% |
| Equity | 10/15 | €77,116 | €33,488 | -€43,628 | -56.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,572 | €13,572 | = | 0.0% |
| Distributable reserves | 133 | €13,572 | €13,572 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,944 | €1,316 | -€43,628 | -97.1% |
| Amounts payable | 17/49 | €610,786 | €1,188,395 | +€577,609 | +94.6% |
| Amounts payable after more than one year | 17 | €390,938 | €376,696 | -€14,242 | -3.6% |
| Financial debts | 170/4 | €190,938 | €176,696 | -€14,242 | -7.5% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €219,849 | €811,699 | +€591,851 | +269% |
| Current portion of amounts payable after more than one year | 42 | €15,364 | €15,742 | +€378 | +2.5% |
| Trade debts | 44 | €22,781 | €221,579 | +€198,798 | +873% |
| Suppliers | 440/4 | €22,781 | €221,579 | +€198,798 | +873% |
| Taxes, remuneration and social security | 45 | €14,596 | €25,060 | +€10,464 | +71.7% |
| Taxes | 450/3 | €3,521 | €7,101 | +€3,580 | +102% |
| Remuneration and social security | 454/9 | €11,075 | €17,959 | +€6,884 | +62.2% |
| Other amounts payable | 47/48 | €167,108 | €549,319 | +€382,211 | +229% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €30,206 | €0 | -€30,206 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,401 | €31,632 | +€10,231 | +47.8% |
| Other operating charges | 640/8 | €1,661 | €570 | -€1,091 | -65.7% |
| Gross operating margin | 9900 | €48,536 | -€763 | -€49,298 | |
| Operating profit (loss) | 9901 | €25,474 | -€32,964 | -€58,438 | |
| Financial income | 75/76B | €2,962 | €55 | -€2,906 | -98.1% |
| Recurring financial income | 75 | €2,962 | €55 | -€2,906 | -98.1% |
| Financial charges | 65/66B | €17,025 | €10,719 | -€6,306 | -37.0% |
| Recurring financial charges | 65 | €17,025 | €10,719 | -€6,306 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €11,410 | -€43,628 | -€55,038 | |
| Income taxes | 67/77 | €5,522 | €0 | -€5,522 | -100% |
| Profit (loss) for the period | 9904 | €5,888 | -€43,628 | -€49,516 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,888 | -€43,628 | -€49,516 |
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 20 October 2026 via checked.be.