KATMA: 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.
KATMA
Largest movements
- Receivables within one year +€233,092
up €233,092 (+286424.6%), from €81 to €233,174
of which Trade receivables: +€232,040
- Reserves +€168,244
new in 2025: €168,244
- Tax, wage and social debts +€61,608
up €61,608 (+46821.8%), from €132 to €61,740
- Debts after one year -€38,333
down €38,333 (-2.5%), from €1.6m to €1.5m
of which Other amounts payable: -€100,000
- Profit (loss) carried forward +€27,805
up €27,805, from -€27,805 to €0
- Current portion of long-term debt +€20,000
new in 2025: €20,000
- Gross operating margin +€308,416
up €308,416 (+20972.1%), from €1,471 to €309,886
- Taxes +€78,867
up €78,867, from €0 to €78,867
- Financial charges +€33,048
up €33,048 (+9918.3%), from €333 to €33,381
- Other operating charges -€4,219
down €4,219 (-72.6%), from €5,808 to €1,589
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 | €1,551,248 | €1,798,735 | +€247,486 | +16.0% |
| Fixed assets | 21/28 | €1,550,000 | €1,550,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,550,000 | €1,550,000 | = | 0.0% |
| Current assets | 29/58 | €1,248 | €248,735 | +€247,486 | +19823.2% |
| Amounts receivable within one year | 40/41 | €81 | €233,174 | +€233,092 | +286424.6% |
| Trade receivables | 40 | - | €232,040 | +€232,040 | |
| Other amounts receivable | 41 | €81 | €1,133 | +€1,052 | +1292.7% |
| Cash at bank and in hand | 54/58 | €1,167 | €15,561 | +€14,394 | +1233.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,551,248 | €1,798,735 | +€247,486 | +16.0% |
| Equity | 10/15 | -€24,805 | €171,244 | +€196,049 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €168,244 | +€168,244 | |
| Distributable reserves | 133 | - | €168,244 | +€168,244 | |
| Profit (loss) carried forward | 14 | -€27,805 | €0 | +€27,805 | |
| Amounts payable | 17/49 | €1,576,054 | €1,627,491 | +€51,437 | +3.3% |
| Amounts payable after more than one year | 17 | €1,550,000 | €1,511,667 | -€38,333 | -2.5% |
| Financial debts | 170/4 | €0 | €61,667 | +€61,667 | |
| Other amounts payable | 178/9 | €1,550,000 | €1,450,000 | -€100,000 | -6.5% |
| Amounts payable within one year | 42/48 | €26,054 | €115,824 | +€89,770 | +344.6% |
| Current portion of amounts payable after more than one year | 42 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €211 | €0 | -€211 | -100.0% |
| Suppliers | 440/4 | €211 | €0 | -€211 | -100.0% |
| Advances received on contracts in progress | 46 | €1,000 | €0 | -€1,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €132 | €61,740 | +€61,608 | +46821.8% |
| Taxes | 450/3 | €132 | €61,740 | +€61,608 | +46821.8% |
| Other amounts payable | 47/48 | €24,711 | €34,085 | +€9,374 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €5,808 | €1,589 | -€4,219 | -72.6% |
| Gross operating margin | 9900 | €1,471 | €309,886 | +€308,416 | +20972.1% |
| Operating profit (loss) | 9901 | -€4,338 | €308,297 | +€312,635 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €333 | €33,381 | +€33,048 | +9918.3% |
| Recurring financial charges | 65 | €333 | €33,381 | +€33,048 | +9918.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,671 | €274,916 | +€279,587 | |
| Income taxes | 67/77 | €0 | €78,867 | +€78,867 | |
| Profit (loss) for the period | 9904 | -€4,671 | €196,049 | +€200,720 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,671 | €196,049 | +€200,720 |
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 12 October 2026 via checked.be.