Katinka Projects: 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.
Katinka Projects
Largest movements
- Cash +€57,082
up €57,082 (+105.1%), from €54,329 to €111,411
mainly Net result for the year (+€89,658) and Receivables within one year (+€50,680)
- Receivables within one year -€50,680
down €50,680 (-65.6%), from €77,293 to €26,613
of which Trade receivables: -€49,975
- Tangible fixed assets +€36,338
up €36,338 (+1901.6%), from €1,911 to €38,249
of which Furniture and vehicles: +€37,120
- Other debts +€24,023
up €24,023 (+29.3%), from €82,076 to €106,099
- Tax, wage and social debts +€11,900
up €11,900 (+62.7%), from €18,989 to €30,889
of which Taxes: +€18,182
- Profit (loss) carried forward +€6,658
up €6,658 (+24.4%), from €27,336 to €33,994
- Gross operating margin +€74,107
up €74,107 (+143.4%), from €51,663 to €125,771
- Taxes +€13,529
up €13,529 (+126.8%), from €10,672 to €24,200
- Depreciation +€8,784
up €8,784 (+1012.3%), from €868 to €9,652
- Other operating charges +€1,907
up €1,907 (+365.6%), from €521 to €2,428
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 | €149,559 | €192,300 | +€42,740 | +28.6% |
| Fixed assets | 21/28 | €1,911 | €38,249 | +€36,338 | +1901.6% |
| Tangible fixed assets | 22/27 | €1,911 | €38,249 | +€36,338 | +1901.6% |
| Plant, machinery and equipment | 23 | €1,911 | €1,129 | -€782 | -40.9% |
| Furniture and vehicles | 24 | - | €37,120 | +€37,120 | |
| Current assets | 29/58 | €147,648 | €154,051 | +€6,402 | +4.3% |
| Amounts receivable within one year | 40/41 | €77,293 | €26,613 | -€50,680 | -65.6% |
| Trade receivables | 40 | €72,071 | €22,096 | -€49,975 | -69.3% |
| Other amounts receivable | 41 | €5,222 | €4,517 | -€705 | -13.5% |
| Cash at bank and in hand | 54/58 | €54,329 | €111,411 | +€57,082 | +105.1% |
| Deferred charges and accrued income | 490/1 | €16,026 | €16,026 | = | 0.0% |
| Total equity and liabilities | 10/49 | €149,559 | €192,300 | +€42,740 | +28.6% |
| Equity | 10/15 | €47,796 | €54,454 | +€6,658 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,336 | €33,994 | +€6,658 | +24.4% |
| Amounts payable | 17/49 | €101,763 | €137,845 | +€36,083 | +35.5% |
| Amounts payable within one year | 42/48 | €101,763 | €137,845 | +€36,083 | +35.5% |
| Trade debts | 44 | €698 | €857 | +€159 | +22.8% |
| Suppliers | 440/4 | €698 | €857 | +€159 | +22.8% |
| Taxes, remuneration and social security | 45 | €18,989 | €30,889 | +€11,900 | +62.7% |
| Taxes | 450/3 | €9,609 | €27,791 | +€18,182 | +189.2% |
| Remuneration and social security | 454/9 | €9,380 | €3,098 | -€6,282 | -67.0% |
| Other amounts payable | 47/48 | €82,076 | €106,099 | +€24,023 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €868 | €9,652 | +€8,784 | +1012.3% |
| Other operating charges | 640/8 | €521 | €2,428 | +€1,907 | +365.6% |
| Gross operating margin | 9900 | €51,663 | €125,771 | +€74,107 | +143.4% |
| Operating profit (loss) | 9901 | €50,274 | €113,691 | +€63,416 | +126.1% |
| Financial income | 75/76B | €629 | €334 | -€295 | -46.9% |
| Recurring financial income | 75 | €629 | €334 | -€295 | -46.9% |
| Financial charges | 65/66B | €220 | €166 | -€54 | -24.4% |
| Recurring financial charges | 65 | €220 | €166 | -€54 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €50,683 | €113,858 | +€63,175 | +124.6% |
| Income taxes | 67/77 | €10,672 | €24,200 | +€13,529 | +126.8% |
| Profit (loss) for the period | 9904 | €40,011 | €89,658 | +€49,646 | +124.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,011 | €89,658 | +€49,646 | +124.1% |
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.