KATI HECK: 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.
KATI HECK
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€147,070
up €147,070 (+54.1%), from €271,816 to €418,886
mainly Current investments (+€200,000) and Depreciation (+€25,496)
- Receivables within one year +€73,225
up €73,225 (+167%), from €43,839 to €117,064
of which Other amounts receivable: +€77,760
- Tangible fixed assets -€24,068
down €24,068 (-8.3%), from €289,772 to €265,704
of which Land and buildings: -€13,031
- Reserves +€15,560
up €15,560 (+2.5%), from €613,908 to €629,468
- Debts after one year -€9,470
down €9,470 (-6.1%), from €155,881 to €146,411
- Trade debts -€9,382
down €9,382 (-35.2%), from €26,621 to €17,238
- Gross operating margin -€116,911
down €116,911 (-56.2%), from €208,020 to €91,109
- Taxes -€32,688
down €32,688 (-75.5%), from €43,278 to €10,590
- Depreciation -€6,245
down €6,245 (-19.7%), from €31,741 to €25,496
- Staff costs +€4,885
up €4,885 (+19.0%), from €25,772 to €30,657
- Other operating charges +€3,581
up €3,581 (+98.2%), from €3,645 to €7,226
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 | €861,399 | €861,275 | -€123 | 0.0% |
| Fixed assets | 21/28 | €289,772 | €265,704 | -€24,068 | -8.3% |
| Tangible fixed assets | 22/27 | €289,772 | €265,704 | -€24,068 | -8.3% |
| Land and buildings | 22 | €228,833 | €215,802 | -€13,031 | -5.7% |
| Plant, machinery and equipment | 23 | €33,071 | €24,210 | -€8,861 | -26.8% |
| Furniture and vehicles | 24 | €27,868 | €25,692 | -€2,175 | -7.8% |
| Current assets | 29/58 | €571,627 | €595,571 | +€23,944 | +4.2% |
| Stocks and contracts in progress | 3 | €51,048 | €57,058 | +€6,010 | +11.8% |
| Stocks | 30/36 | €51,048 | €57,058 | +€6,010 | +11.8% |
| Amounts receivable within one year | 40/41 | €43,839 | €117,064 | +€73,225 | +167% |
| Trade receivables | 40 | €10,815 | €6,280 | -€4,535 | -41.9% |
| Other amounts receivable | 41 | €33,024 | €110,784 | +€77,760 | +235% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €271,816 | €418,886 | +€147,070 | +54.1% |
| Deferred charges and accrued income | 490/1 | €4,924 | €2,563 | -€2,360 | -47.9% |
| Total equity and liabilities | 10/49 | €861,399 | €861,275 | -€123 | 0.0% |
| Equity | 10/15 | €626,308 | €641,868 | +€15,560 | +2.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €613,908 | €629,468 | +€15,560 | +2.5% |
| Distributable reserves | 133 | €613,908 | €629,468 | +€15,560 | +2.5% |
| Provisions and deferred taxes | 16 | €14,284 | €14,284 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €14,284 | €14,284 | = | 0.0% |
| Pensions and similar obligations | 160 | €14,284 | €14,284 | = | 0.0% |
| Amounts payable | 17/49 | €220,806 | €205,123 | -€15,683 | -7.1% |
| Amounts payable after more than one year | 17 | €155,881 | €146,411 | -€9,470 | -6.1% |
| Financial debts | 170/4 | €155,881 | €146,411 | -€9,470 | -6.1% |
| Amounts payable within one year | 42/48 | €63,649 | €56,892 | -€6,757 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €24,367 | €24,594 | +€227 | +0.9% |
| Trade debts | 44 | €26,621 | €17,238 | -€9,382 | -35.2% |
| Suppliers | 440/4 | €26,621 | €17,238 | -€9,382 | -35.2% |
| Taxes, remuneration and social security | 45 | €12,661 | €15,060 | +€2,399 | +18.9% |
| Taxes | 450/3 | €7,989 | €8,762 | +€773 | +9.7% |
| Remuneration and social security | 454/9 | €4,672 | €6,298 | +€1,626 | +34.8% |
| Accrued charges and deferred income | 492/3 | €1,276 | €1,820 | +€543 | +42.6% |
| Remuneration, social security and pensions | 62 | €25,772 | €30,657 | +€4,885 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,741 | €25,496 | -€6,245 | -19.7% |
| Other operating charges | 640/8 | €3,645 | €7,226 | +€3,581 | +98.2% |
| Gross operating margin | 9900 | €208,020 | €91,109 | -€116,911 | -56.2% |
| Operating profit (loss) | 9901 | €146,862 | €27,730 | -€119,132 | -81.1% |
| Financial income | 75/76B | €8,726 | €5,539 | -€3,187 | -36.5% |
| Recurring financial income | 75 | €8,726 | €5,539 | -€3,187 | -36.5% |
| Financial charges | 65/66B | €6,296 | €7,119 | +€824 | +13.1% |
| Recurring financial charges | 65 | €6,296 | €7,119 | +€824 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €149,293 | €26,150 | -€123,143 | -82.5% |
| Income taxes | 67/77 | €43,278 | €10,590 | -€32,688 | -75.5% |
| Profit (loss) for the period | 9904 | €106,015 | €15,560 | -€90,455 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €106,015 | €15,560 | -€90,455 | -85.3% |
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 27 October 2026 via checked.be.