KATHY SOINS: 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.
KATHY SOINS
Largest movements
- Tangible fixed assets -€31,802
down €31,802 (-54.9%), from €57,897 to €26,095
of which Furniture and vehicles: -€32,203
- Receivables within one year +€24,061
up €24,061 (+37.2%), from €64,702 to €88,763
- Cash -€11,613
down €11,613 (-12.5%), from €92,751 to €81,138
mainly Contributions, distributions and other (-€47,700) and Receivables within one year (-€24,061)
- Other debts +€40,886
up €40,886 (+1,101%), from €3,714 to €44,600
- Short-term financial debts -€23,112
down €23,112 (-100%), from €23,112 to €0
- Current portion of long-term debt -€14,389
down €14,389 (-80.1%), from €17,963 to €3,574
- Tax, wage and social debts -€12,400
down €12,400 (-41.5%), from €29,889 to €17,489
of which Remuneration and social security: -€10,037
- Reserves -€7,940
down €7,940 (-4.2%), from €188,470 to €180,530
of which Distributable reserves: -€7,940
- Gross operating margin -€47,429
down €47,429 (-18.1%), from €261,969 to €214,540
- Other operating charges +€20,526
up €20,526 (+1,815%), from €1,131 to €21,657
- Depreciation -€16,932
down €16,932 (-68.2%), from €24,813 to €7,881
- Taxes -€11,327
down €11,327 (-32.4%), from €34,923 to €23,596
- Financial income -€3,199
down €3,199 (-100%), from €3,199 to €0
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 | €306,438 | €286,947 | -€19,491 | -6.4% |
| Fixed assets | 21/28 | €57,897 | €26,095 | -€31,802 | -54.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €57,897 | €26,095 | -€31,802 | -54.9% |
| Land and buildings | 22 | €0 | €4,752 | +€4,752 | |
| Furniture and vehicles | 24 | €38,738 | €6,534 | -€32,203 | -83.1% |
| Leasing and similar rights | 25 | €19,159 | €14,809 | -€4,350 | -22.7% |
| Current assets | 29/58 | €248,541 | €260,852 | +€12,310 | +5.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €64,702 | €88,763 | +€24,061 | +37.2% |
| Other amounts receivable | 41 | €64,702 | €88,763 | +€24,061 | +37.2% |
| Cash at bank and in hand | 54/58 | €92,751 | €81,138 | -€11,613 | -12.5% |
| Deferred charges and accrued income | 490/1 | €91,088 | €90,950 | -€138 | -0.2% |
| Total equity and liabilities | 10/49 | €306,438 | €286,947 | -€19,491 | -6.4% |
| Equity | 10/15 | €207,070 | €199,130 | -€7,940 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €188,470 | €180,530 | -€7,940 | -4.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €186,610 | €178,670 | -€7,940 | -4.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €99,368 | €87,816 | -€11,551 | -11.6% |
| Amounts payable after more than one year | 17 | €13,680 | €10,106 | -€3,574 | -26.1% |
| Financial debts | 170/4 | €13,680 | €10,106 | -€3,574 | -26.1% |
| Amounts payable within one year | 42/48 | €85,687 | €77,023 | -€8,664 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €17,963 | €3,574 | -€14,389 | -80.1% |
| Financial debts | 43 | €23,112 | €0 | -€23,112 | -100% |
| Credit institutions | 430/8 | €23,112 | €0 | -€23,112 | -100% |
| Trade debts | 44 | €11,010 | €11,360 | +€350 | +3.2% |
| Suppliers | 440/4 | €11,010 | €11,360 | +€350 | +3.2% |
| Taxes, remuneration and social security | 45 | €29,889 | €17,489 | -€12,400 | -41.5% |
| Taxes | 450/3 | €5,463 | €3,101 | -€2,363 | -43.2% |
| Remuneration and social security | 454/9 | €24,426 | €14,389 | -€10,037 | -41.1% |
| Other amounts payable | 47/48 | €3,714 | €44,600 | +€40,886 | +1,101% |
| Accrued charges and deferred income | 492/3 | - | €687 | +€687 | |
| Remuneration, social security and pensions | 62 | €115,622 | €114,529 | -€1,093 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,813 | €7,881 | -€16,932 | -68.2% |
| Other operating charges | 640/8 | €1,131 | €21,657 | +€20,526 | +1,815% |
| Gross operating margin | 9900 | €261,969 | €214,540 | -€47,429 | -18.1% |
| Operating profit (loss) | 9901 | €120,403 | €70,473 | -€49,930 | -41.5% |
| Financial income | 75/76B | €3,199 | €0 | -€3,199 | -100% |
| Recurring financial income | 75 | €3,199 | €0 | -€3,199 | -100% |
| Financial charges | 65/66B | €6,932 | €7,117 | +€184 | +2.7% |
| Recurring financial charges | 65 | €6,932 | €7,117 | +€184 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €116,669 | €63,356 | -€53,313 | -45.7% |
| Income taxes | 67/77 | €34,923 | €23,596 | -€11,327 | -32.4% |
| Profit (loss) for the period | 9904 | €81,746 | €39,760 | -€41,986 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,746 | €39,760 | -€41,986 | -51.4% |
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 23 October 2026 via checked.be.