Kato Gâteaux: 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.
Kato Gâteaux
Largest movements
- Tangible fixed assets +€15,676
up €15,676 (+4.5%), from €348,653 to €364,329
of which Plant, machinery and equipment: +€34,378
- Cash +€13,441
up €13,441 (+308%), from €4,357 to €17,798
mainly Depreciation (+€23,422) and Receivables within one year (+€9,413)
- Receivables within one year -€9,413
down €9,413 (-13.3%), from €70,991 to €61,578
of which Trade receivables: -€8,877
- Trade debts -€11,326
down €11,326 (-41.9%), from €27,001 to €15,674
- Reserves +€9,187
up €9,187 (+12.8%), from €71,938 to €81,124
- Current portion of long-term debt +€8,243
up €8,243 (+45.6%), from €18,084 to €26,327
- Debts after one year +€5,243
up €5,243 (+1.9%), from €269,959 to €275,203
- Other debts +€4,603
up €4,603 (+1,908%), from €241 to €4,845
- Staff costs -€21,018
down €21,018 (-27.4%), from €76,588 to €55,571
- Gross operating margin -€20,550
down €20,550 (-16.0%), from €128,774 to €108,223
- Other operating charges +€1,536
up €1,536 (+66.7%), from €2,303 to €3,839
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 | €437,213 | €451,797 | +€14,583 | +3.3% |
| Formation expenses | 20 | €761 | €478 | -€283 | -37.1% |
| Fixed assets | 21/28 | €348,903 | €364,579 | +€15,676 | +4.5% |
| Tangible fixed assets | 22/27 | €348,653 | €364,329 | +€15,676 | +4.5% |
| Land and buildings | 22 | €299,377 | €282,491 | -€16,886 | -5.6% |
| Plant, machinery and equipment | 23 | €46,366 | €80,744 | +€34,378 | +74.1% |
| Furniture and vehicles | 24 | €2,910 | €1,094 | -€1,816 | -62.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €87,549 | €86,739 | -€810 | -0.9% |
| Stocks and contracts in progress | 3 | €8,265 | €4,814 | -€3,451 | -41.8% |
| Stocks | 30/36 | €8,265 | €4,814 | -€3,451 | -41.8% |
| Amounts receivable within one year | 40/41 | €70,991 | €61,578 | -€9,413 | -13.3% |
| Trade receivables | 40 | €16,350 | €7,472 | -€8,877 | -54.3% |
| Other amounts receivable | 41 | €54,641 | €54,106 | -€535 | -1.0% |
| Cash at bank and in hand | 54/58 | €4,357 | €17,798 | +€13,441 | +308% |
| Deferred charges and accrued income | 490/1 | €3,936 | €2,549 | -€1,387 | -35.2% |
| Total equity and liabilities | 10/49 | €437,213 | €451,797 | +€14,583 | +3.3% |
| Equity | 10/15 | €90,538 | €99,724 | +€9,187 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,938 | €81,124 | +€9,187 | +12.8% |
| Distributable reserves | 133 | €71,938 | €81,124 | +€9,187 | +12.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €346,676 | €352,072 | +€5,396 | +1.6% |
| Amounts payable after more than one year | 17 | €269,959 | €275,203 | +€5,243 | +1.9% |
| Financial debts | 170/4 | €269,959 | €275,203 | +€5,243 | +1.9% |
| Amounts payable within one year | 42/48 | €75,413 | €74,118 | -€1,295 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €18,084 | €26,327 | +€8,243 | +45.6% |
| Financial debts | 43 | €2,690 | €171 | -€2,518 | -93.6% |
| Credit institutions | 430/8 | €2,523 | €0 | -€2,523 | -100% |
| Other loans | 439 | €166 | €171 | +€5 | +3.0% |
| Trade debts | 44 | €27,001 | €15,674 | -€11,326 | -41.9% |
| Suppliers | 440/4 | €27,001 | €15,674 | -€11,326 | -41.9% |
| Advances received on contracts in progress | 46 | €5,058 | €5,499 | +€441 | +8.7% |
| Taxes, remuneration and social security | 45 | €22,340 | €21,602 | -€738 | -3.3% |
| Taxes | 450/3 | €9,238 | €11,114 | +€1,877 | +20.3% |
| Remuneration and social security | 454/9 | €13,102 | €10,488 | -€2,615 | -20.0% |
| Other amounts payable | 47/48 | €241 | €4,845 | +€4,603 | +1,908% |
| Accrued charges and deferred income | 492/3 | €1,303 | €2,751 | +€1,448 | +111% |
| Remuneration, social security and pensions | 62 | €76,588 | €55,571 | -€21,018 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,713 | €23,422 | -€291 | -1.2% |
| Other operating charges | 640/8 | €2,303 | €3,839 | +€1,536 | +66.7% |
| Non-recurring operating charges | 66A | €0 | €2,825 | +€2,825 | |
| Gross operating margin | 9900 | €128,774 | €108,223 | -€20,550 | -16.0% |
| Operating profit (loss) | 9901 | €26,169 | €22,567 | -€3,601 | -13.8% |
| Financial income | 75/76B | €2,736 | €3,383 | +€647 | +23.6% |
| Recurring financial income | 75 | €2,736 | €3,383 | +€647 | +23.6% |
| Financial charges | 65/66B | €13,594 | €13,670 | +€76 | +0.6% |
| Recurring financial charges | 65 | €13,594 | €13,670 | +€76 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €15,311 | €12,280 | -€3,031 | -19.8% |
| Income taxes | 67/77 | €4,102 | €3,094 | -€1,008 | -24.6% |
| Profit (loss) for the period | 9904 | €11,209 | €9,187 | -€2,022 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,209 | €9,187 | -€2,022 | -18.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.