KATS KENZA: 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.
KATS KENZA
Largest movements
- Receivables within one year +€79,800
up €79,800 (+73.0%), from €109,389 to €189,189
of which Other amounts receivable: +€65,821
- Tangible fixed assets -€25,347
down €25,347 (-4.6%), from €555,322 to €529,975
of which Furniture and vehicles: -€20,914
- Deferred charges and accrued income +€10,557
up €10,557 (+18.7%), from €56,528 to €67,085
- Cash +€9,813
up €9,813 (+12.6%), from €77,586 to €87,400
mainly Net result for the year (+€90,766) and Depreciation (+€42,182)
- Profit (loss) carried forward +€90,766
up €90,766 (+26.3%), from €344,717 to €435,483
- Trade debts +€35,304
up €35,304 (+145%), from €24,431 to €59,734
- Tax, wage and social debts -€35,076
down €35,076 (-55.5%), from €63,193 to €28,118
of which Taxes: -€42,394
- Debts after one year -€20,440
down €20,440 (-5.5%), from €372,335 to €351,895
- Staff costs +€83,827
up €83,827 (+124%), from €67,416 to €151,243
- Gross operating margin +€47,604
up €47,604 (+13.4%), from €355,343 to €402,947
- Depreciation -€39,692
down €39,692 (-48.5%), from €81,874 to €42,182
- Financial charges +€27,089
up €27,089 (+57.5%), from €47,085 to €74,174
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 | €829,261 | €900,583 | +€71,323 | +8.6% |
| Fixed assets | 21/28 | €575,507 | €546,660 | -€28,847 | -5.0% |
| Intangible fixed assets | 21 | €20,185 | €16,685 | -€3,500 | -17.3% |
| Tangible fixed assets | 22/27 | €555,322 | €529,975 | -€25,347 | -4.6% |
| Land and buildings | 22 | €472,077 | €468,882 | -€3,195 | -0.7% |
| Plant, machinery and equipment | 23 | €5,432 | €4,194 | -€1,238 | -22.8% |
| Furniture and vehicles | 24 | €77,812 | €56,898 | -€20,914 | -26.9% |
| Current assets | 29/58 | €253,754 | €353,924 | +€100,170 | +39.5% |
| Stocks and contracts in progress | 3 | €10,250 | €10,250 | = | 0.0% |
| Stocks | 30/36 | €10,250 | €10,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €109,389 | €189,189 | +€79,800 | +73.0% |
| Trade receivables | 40 | €9,038 | €23,017 | +€13,979 | +155% |
| Other amounts receivable | 41 | €100,351 | €166,173 | +€65,821 | +65.6% |
| Cash at bank and in hand | 54/58 | €77,586 | €87,400 | +€9,813 | +12.6% |
| Deferred charges and accrued income | 490/1 | €56,528 | €67,085 | +€10,557 | +18.7% |
| Total equity and liabilities | 10/49 | €829,261 | €900,583 | +€71,323 | +8.6% |
| Equity | 10/15 | €346,717 | €437,483 | +€90,766 | +26.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €344,717 | €435,483 | +€90,766 | +26.3% |
| Amounts payable | 17/49 | €482,544 | €463,101 | -€19,443 | -4.0% |
| Amounts payable after more than one year | 17 | €372,335 | €351,895 | -€20,440 | -5.5% |
| Financial debts | 170/4 | €372,335 | €351,895 | -€20,440 | -5.5% |
| Amounts payable within one year | 42/48 | €109,164 | €111,206 | +€2,042 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €19,665 | €23,354 | +€3,689 | +18.8% |
| Trade debts | 44 | €24,431 | €59,734 | +€35,304 | +145% |
| Suppliers | 440/4 | €24,431 | €59,734 | +€35,304 | +145% |
| Taxes, remuneration and social security | 45 | €63,193 | €28,118 | -€35,076 | -55.5% |
| Taxes | 450/3 | €48,749 | €6,355 | -€42,394 | -87.0% |
| Remuneration and social security | 454/9 | €14,444 | €21,763 | +€7,319 | +50.7% |
| Other amounts payable | 47/48 | €1,875 | - | -€1,875 | |
| Accrued charges and deferred income | 492/3 | €1,045 | - | -€1,045 | |
| Remuneration, social security and pensions | 62 | €67,416 | €151,243 | +€83,827 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,874 | €42,182 | -€39,692 | -48.5% |
| Other operating charges | 640/8 | €10,163 | €10,845 | +€681 | +6.7% |
| Non-recurring operating charges | 66A | €1,188 | €4,216 | +€3,029 | +255% |
| Gross operating margin | 9900 | €355,343 | €402,947 | +€47,604 | +13.4% |
| Operating profit (loss) | 9901 | €194,702 | €194,461 | -€242 | -0.1% |
| Financial income | 75/76B | €16 | €51 | +€35 | +225% |
| Recurring financial income | 75 | €16 | €51 | +€35 | +225% |
| Financial charges | 65/66B | €47,085 | €74,174 | +€27,089 | +57.5% |
| Recurring financial charges | 65 | €47,085 | €74,174 | +€27,089 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | €147,633 | €120,338 | -€27,295 | -18.5% |
| Income taxes | 67/77 | €31,130 | €29,572 | -€1,558 | -5.0% |
| Profit (loss) for the period | 9904 | €116,503 | €90,766 | -€25,737 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,503 | €90,766 | -€25,737 | -22.1% |
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 1 November 2026 via checked.be.