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KatoO: 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.

What changed

KatoO

BE 0831.986.420
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€152,861
2024 · -€9,010+€161,870
Equity
€393,211
2024 · €240,350+€152,861
Cash
€8,662
2024 · €51,825-€43,163
Balance sheet total
€408,831
2024 · €246,627+€162,204

Largest movements

2024 to 2025
Assets
  • Deferred charges and accrued income +€362,722

    up €362,722 (+60,118%), from €603 to €363,325

  • Tangible fixed assets -€167,388

    down €167,388 (-92.2%), from €181,478 to €14,090

    of which Land and buildings: -€161,242

  • Cash -€43,163

    down €43,163 (-83.3%), from €51,825 to €8,662

    mainly Deferred charges and accrued income (-€362,722) and Receivables within one year (-€12,569)

  • Receivables within one year +€12,569

    up €12,569 (+172%), from €7,302 to €19,872

    of which Trade receivables: +€11,817

Equity and liabilities
  • Reserves +€142,611

    up €142,611 (+143%), from €100,000 to €242,611

  • Profit (loss) carried forward +€10,250

    no longer reported in 2025 (was -€10,250)

  • Trade debts +€9,462

    up €9,462 (+232%), from €4,083 to €13,544

Income statement
  • Gross operating margin +€182,074

    up €182,074 (+2,680%), from €6,794 to €188,868

  • Taxes +€29,162

    up €29,162 (+21,719%), from €134 to €29,296

  • Depreciation -€8,990

    down €8,990 (-69.9%), from €12,854 to €3,864

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€9,010
Gross operating margin +€182,074
Depreciation +€8,990
Other operating charges +€267
Financial income -€281
Financial charges -€18
Taxes -€29,162
Result 2025 €152,861
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations -€206,687
Investment +€163,524
Financing €0
Cash 2024 €51,825
Net result for the year +€152,861
Depreciation +€3,864
Receivables after one year +€2,535
Receivables within one year -€12,569
Deferred charges and accrued income -€362,722
Trade debts +€9,462
Tax, wage and social debts -€118
Investment in fixed assets (net) +€163,524
Cash 2025 €8,662
brings cash intakes cash out
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €246,627 €408,831 +€162,204 +65.8%
Fixed assets 21/28 €181,478 €14,090 -€167,388 -92.2%
Tangible fixed assets 22/27 €181,478 €14,090 -€167,388 -92.2%
Land and buildings 22 €167,214 €5,972 -€161,242 -96.4%
Furniture and vehicles 24 €14,264 €8,117 -€6,147 -43.1%
Current assets 29/58 €65,148 €394,741 +€329,593 +506%
Amounts receivable after more than one year 29 €5,418 €2,882 -€2,535 -46.8%
Other amounts receivable 291 €5,418 €2,882 -€2,535 -46.8%
Amounts receivable within one year 40/41 €7,302 €19,872 +€12,569 +172%
Trade receivables 40 €7,302 €19,120 +€11,817 +162%
Other amounts receivable 41 - €752 +€752
Cash at bank and in hand 54/58 €51,825 €8,662 -€43,163 -83.3%
Deferred charges and accrued income 490/1 €603 €363,325 +€362,722 +60,118%
Total equity and liabilities 10/49 €246,627 €408,831 +€162,204 +65.8%
Equity 10/15 €240,350 €393,211 +€152,861 +63.6%
Contributions 10/11 €150,600 €150,600 = 0.0%
Reserves 13 €100,000 €242,611 +€142,611 +143%
Distributable reserves 133 €100,000 €242,611 +€142,611 +143%
Profit (loss) carried forward 14 -€10,250 - +€10,250
Amounts payable 17/49 €6,276 €15,620 +€9,343 +149%
Amounts payable within one year 42/48 €6,276 €15,620 +€9,343 +149%
Trade debts 44 €4,083 €13,544 +€9,462 +232%
Suppliers 440/4 €4,083 €13,544 +€9,462 +232%
Taxes, remuneration and social security 45 €2,193 €2,075 -€118 -5.4%
Taxes 450/3 €2,193 €2,075 -€118 -5.4%
Non-recurring operating income 76A - €199,076 +€199,076
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €12,854 €3,864 -€8,990 -69.9%
Other operating charges 640/8 €3,156 €2,890 -€267 -8.5%
Gross operating margin 9900 €6,794 €188,868 +€182,074 +2,680%
Operating profit (loss) 9901 -€9,216 €182,115 +€191,331
Financial income 75/76B €557 €276 -€281 -50.4%
Recurring financial income 75 €557 €276 -€281 -50.4%
Financial charges 65/66B €216 €234 +€18 +8.3%
Recurring financial charges 65 €216 €234 +€18 +8.3%
Profit (loss) for the period before taxes 9903 -€8,875 €182,157 +€191,032
Income taxes 67/77 €134 €29,296 +€29,162 +21,719%
Profit (loss) for the period 9904 -€9,010 €152,861 +€161,870
Profit (loss) for the period to be appropriated 9905 -€9,010 €152,861 +€161,870

Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.