KATRAS CONSULT: 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.
KATRAS CONSULT
Largest movements
- Tangible fixed assets -€83,514
down €83,514 (-3.3%), from €2.5m to €2.4m
of which Land and buildings: -€93,379
- Profit (loss) carried forward -€100,189
down €100,189 (-98.7%), from -€101,515 to -€201,705
- Other debts +€95,076
up €95,076 (+4.9%), from €1.9m to €2.0m
- Debts after one year -€84,271
down €84,271 (-12.5%), from €673,871 to €589,600
of which Financial debts: -€84,351
- Financial charges -€27,915
down €27,915 (-24.5%), from €113,849 to €85,934
- Other operating charges +€6,191
up €6,191 (+32.0%), from €19,325 to €25,516
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 | €2,625,197 | €2,539,564 | -€85,633 | -3.3% |
| Fixed assets | 21/28 | €2,493,927 | €2,410,413 | -€83,514 | -3.3% |
| Tangible fixed assets | 22/27 | €2,493,927 | €2,410,413 | -€83,514 | -3.3% |
| Land and buildings | 22 | €2,485,034 | €2,391,654 | -€93,379 | -3.8% |
| Furniture and vehicles | 24 | €8,730 | €16,865 | +€8,135 | +93.2% |
| Other tangible fixed assets | 26 | €163 | €1,894 | +€1,730 | +1058.5% |
| Current assets | 29/58 | €131,271 | €129,151 | -€2,119 | -1.6% |
| Amounts receivable within one year | 40/41 | €112,532 | €111,532 | -€1,000 | -0.9% |
| Other amounts receivable | 41 | €112,532 | €111,532 | -€1,000 | -0.9% |
| Current investments | 50/53 | €7,000 | €7,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,508 | €8,075 | -€1,433 | -15.1% |
| Deferred charges and accrued income | 490/1 | €2,231 | €2,545 | +€314 | +14.1% |
| Total equity and liabilities | 10/49 | €2,625,197 | €2,539,564 | -€85,633 | -3.3% |
| Equity | 10/15 | -€93,455 | -€193,645 | -€100,189 | -107.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,515 | -€201,705 | -€100,189 | -98.7% |
| Amounts payable | 17/49 | €2,718,653 | €2,733,209 | +€14,556 | +0.5% |
| Amounts payable after more than one year | 17 | €673,871 | €589,600 | -€84,271 | -12.5% |
| Financial debts | 170/4 | €657,721 | €573,370 | -€84,351 | -12.8% |
| Other amounts payable | 178/9 | €16,151 | €16,231 | +€80 | +0.5% |
| Amounts payable within one year | 42/48 | €2,044,781 | €2,143,609 | +€98,827 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €83,773 | €86,130 | +€2,357 | +2.8% |
| Trade debts | 44 | €11,333 | €12,727 | +€1,394 | +12.3% |
| Suppliers | 440/4 | €11,333 | €12,727 | +€1,394 | +12.3% |
| Other amounts payable | 47/48 | €1,949,675 | €2,044,752 | +€95,076 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,871 | €97,413 | +€542 | +0.6% |
| Other operating charges | 640/8 | €19,325 | €25,516 | +€6,191 | +32.0% |
| Gross operating margin | 9900 | €107,937 | €108,673 | +€736 | +0.7% |
| Operating profit (loss) | 9901 | -€8,259 | -€14,256 | -€5,997 | -72.6% |
| Financial charges | 65/66B | €113,849 | €85,934 | -€27,915 | -24.5% |
| Recurring financial charges | 65 | €113,849 | €85,934 | -€27,915 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | -€122,108 | -€100,189 | +€21,919 | +18.0% |
| Income taxes | 67/77 | -€1,000 | - | +€1,000 | |
| Profit (loss) for the period | 9904 | -€121,108 | -€100,189 | +€20,919 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,108 | -€100,189 | +€20,919 | +17.3% |
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 3 October 2026 via checked.be.