KATHMANDU: 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.
KATHMANDU
Largest movements
- Tangible fixed assets -€24,218
down €24,218 (-19.1%), from €126,910 to €102,692
of which Plant, machinery and equipment: -€22,611
- Cash +€4,052
up €4,052 (+272%), from €1,490 to €5,541
mainly Depreciation (+€46,207) and Trade debts (+€5,750)
- Reserves -€20,216
down €20,216 (-10.8%), from €187,293 to €167,077
of which Distributable reserves: -€20,216
- Debts after one year -€19,846
down €19,846 (-39.6%), from €50,063 to €30,217
- Profit (loss) carried forward +€11,923
up €11,923, from -€11,923 to €0
- Trade debts +€5,750
up €5,750 (+22.8%), from €25,218 to €30,968
- Gross operating margin -€64,772
down €64,772 (-45.9%), from €141,255 to €76,482
- Staff costs -€50,890
down €50,890 (-62.5%), from €81,369 to €30,480
- Taxes -€26,042
down €26,042 (-93.7%), from €27,802 to €1,760
- Depreciation +€5,938
up €5,938 (+14.7%), from €40,269 to €46,207
- Other operating charges +€1,574
up €1,574 (+378%), from €416 to €1,990
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 | €319,590 | €300,313 | -€19,277 | -6.0% |
| Fixed assets | 21/28 | €138,910 | €114,692 | -€24,218 | -17.4% |
| Tangible fixed assets | 22/27 | €126,910 | €102,692 | -€24,218 | -19.1% |
| Land and buildings | 22 | €6,555 | €0 | -€6,555 | -100% |
| Plant, machinery and equipment | 23 | €112,573 | €89,962 | -€22,611 | -20.1% |
| Furniture and vehicles | 24 | €7,782 | €12,730 | +€4,948 | +63.6% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €180,680 | €185,621 | +€4,941 | +2.7% |
| Stocks and contracts in progress | 3 | €179,190 | €180,079 | +€890 | +0.5% |
| Stocks | 30/36 | €179,190 | €180,079 | +€890 | +0.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,490 | €5,541 | +€4,052 | +272% |
| Total equity and liabilities | 10/49 | €319,590 | €300,313 | -€19,277 | -6.0% |
| Equity | 10/15 | €193,970 | €185,677 | -€8,293 | -4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187,293 | €167,077 | -€20,216 | -10.8% |
| Non-distributable reserves | 130/1 | €1,531 | €1,531 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,531 | €1,531 | = | 0.0% |
| Distributable reserves | 133 | €185,762 | €165,545 | -€20,216 | -10.9% |
| Profit (loss) carried forward | 14 | -€11,923 | €0 | +€11,923 | |
| Provisions and deferred taxes | 16 | €3,483 | €3,536 | +€53 | +1.5% |
| Provisions for liabilities and charges | 160/5 | €3,483 | €3,536 | +€53 | +1.5% |
| Other liabilities and charges | 164/5 | €3,483 | €3,536 | +€53 | +1.5% |
| Amounts payable | 17/49 | €122,136 | €111,100 | -€11,036 | -9.0% |
| Amounts payable after more than one year | 17 | €50,063 | €30,217 | -€19,846 | -39.6% |
| Financial debts | 170/4 | €50,063 | €30,217 | -€19,846 | -39.6% |
| Amounts payable within one year | 42/48 | €72,073 | €80,883 | +€8,810 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €19,083 | €22,192 | +€3,109 | +16.3% |
| Trade debts | 44 | €25,218 | €30,968 | +€5,750 | +22.8% |
| Suppliers | 440/4 | €25,218 | €30,968 | +€5,750 | +22.8% |
| Taxes, remuneration and social security | 45 | €7,447 | €9,147 | +€1,700 | +22.8% |
| Taxes | 450/3 | €7,447 | €9,147 | +€1,700 | +22.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €20,325 | €18,576 | -€1,749 | -8.6% |
| Remuneration, social security and pensions | 62 | €81,369 | €30,480 | -€50,890 | -62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,269 | €46,207 | +€5,938 | +14.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €39 | - | -€39 | |
| Other operating charges | 640/8 | €416 | €1,990 | +€1,574 | +378% |
| Gross operating margin | 9900 | €141,255 | €76,482 | -€64,772 | -45.9% |
| Operating profit (loss) | 9901 | €19,162 | -€2,194 | -€21,355 | |
| Financial income | 75/76B | €28 | €34 | +€6 | +19.5% |
| Recurring financial income | 75 | €28 | €34 | +€6 | +19.5% |
| Financial charges | 65/66B | €3,311 | €4,373 | +€1,062 | +32.1% |
| Recurring financial charges | 65 | €3,311 | €4,373 | +€1,062 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | €15,879 | -€6,533 | -€22,412 | |
| Income taxes | 67/77 | €27,802 | €1,760 | -€26,042 | -93.7% |
| Profit (loss) for the period | 9904 | -€11,923 | -€8,293 | +€3,630 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,923 | -€8,293 | +€3,630 | +30.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.