KATMANDO: 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.
KATMANDO
Largest movements
- Receivables within one year -€11,646
down €11,646 (-57.4%), from €20,282 to €8,636
of which Trade receivables: -€11,646
- Cash -€6,790
down €6,790 (-43.0%), from €15,802 to €9,012
mainly Net result for the year (-€12,512) and Tax, wage and social debts (-€4,111)
- Stocks and contracts +€841
up €841 (+15.7%), from €5,365 to €6,206
- Profit (loss) carried forward -€12,512
down €12,512 (-74.0%), from €16,909 to €4,397
- Tax, wage and social debts -€4,111
down €4,111 (-41.2%), from €9,966 to €5,856
of which Taxes: -€4,718
- Trade debts -€1,251
down €1,251 (-53.9%), from €2,321 to €1,070
- Gross operating margin +€4,285
up €4,285, from -€2,667 to €1,618
- Staff costs +€1,814
up €1,814 (+21.4%), from €8,464 to €10,278
- Other operating charges +€748
up €748 (+40.2%), from €1,860 to €2,608
- Financial charges +€245
up €245 (+24.5%), from €1,000 to €1,245
- Taxes -€140
no longer reported in 2025 (was €140)
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 | €41,448 | €23,853 | -€17,595 | -42.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €41,448 | €23,853 | -€17,595 | -42.5% |
| Stocks and contracts in progress | 3 | €5,365 | €6,206 | +€841 | +15.7% |
| Stocks | 30/36 | €5,365 | €6,206 | +€841 | +15.7% |
| Amounts receivable within one year | 40/41 | €20,282 | €8,636 | -€11,646 | -57.4% |
| Trade receivables | 40 | €20,108 | €8,462 | -€11,646 | -57.9% |
| Other amounts receivable | 41 | €174 | €174 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,802 | €9,012 | -€6,790 | -43.0% |
| Total equity and liabilities | 10/49 | €41,448 | €23,853 | -€17,595 | -42.5% |
| Equity | 10/15 | €25,561 | €13,049 | -€12,512 | -49.0% |
| Contributions | 10/11 | €6,793 | €6,793 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,909 | €4,397 | -€12,512 | -74.0% |
| Amounts payable | 17/49 | €15,887 | €10,804 | -€5,083 | -32.0% |
| Amounts payable within one year | 42/48 | €12,287 | €7,204 | -€5,083 | -41.4% |
| Trade debts | 44 | €2,321 | €1,070 | -€1,251 | -53.9% |
| Suppliers | 440/4 | €2,321 | €1,070 | -€1,251 | -53.9% |
| Taxes, remuneration and social security | 45 | €9,966 | €5,856 | -€4,111 | -41.2% |
| Taxes | 450/3 | €8,879 | €4,162 | -€4,718 | -53.1% |
| Remuneration and social security | 454/9 | €1,087 | €1,694 | +€607 | +55.8% |
| Other amounts payable | 47/48 | €0 | €279 | +€279 | |
| Accrued charges and deferred income | 492/3 | €3,600 | €3,600 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €8,464 | €10,278 | +€1,814 | +21.4% |
| Other operating charges | 640/8 | €1,860 | €2,608 | +€748 | +40.2% |
| Gross operating margin | 9900 | -€2,667 | €1,618 | +€4,285 | |
| Operating profit (loss) | 9901 | -€12,992 | -€11,268 | +€1,724 | +13.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,000 | €1,245 | +€245 | +24.5% |
| Recurring financial charges | 65 | €1,000 | €1,245 | +€245 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,992 | -€12,512 | +€1,480 | +10.6% |
| Income taxes | 67/77 | €140 | - | -€140 | |
| Profit (loss) for the period | 9904 | -€14,132 | -€12,512 | +€1,619 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,132 | -€12,512 | +€1,619 | +11.5% |
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 5 October 2026 via checked.be.