KATSENBERG: 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.
KATSENBERG
Largest movements
- Cash -€9,540
down €9,540 (-30.3%), from €31,444 to €21,904
mainly Tax, wage and social debts (-€12,794) and Net result for the year (-€11,093)
- Tangible fixed assets -€6,148
down €6,148 (-25.3%), from €24,262 to €18,114
of which Furniture and vehicles: -€3,353
- Receivables within one year -€5,400
down €5,400 (-35.9%), from €15,060 to €9,660
of which Other amounts receivable: -€7,104
- Deferred charges and accrued income -€2,646
down €2,646 (-82.4%), from €3,213 to €566
- Tax, wage and social debts -€12,794
down €12,794 (-33.1%), from €38,712 to €25,918
of which Taxes: -€12,374
- Profit (loss) carried forward -€11,093
down €11,093 (-23.9%), from -€46,491 to -€57,584
- Trade debts +€3,103
up €3,103 (+9.8%), from €31,637 to €34,740
- Debts after one year -€1,782
down €1,782 (-39.8%), from €4,472 to €2,691
- Current portion of long-term debt -€1,518
down €1,518 (-46.0%), from €3,300 to €1,782
- Gross operating margin -€12,718
down €12,718 (-13.0%), from €97,807 to €85,089
- Staff costs +€3,123
up €3,123 (+3.9%), from €80,171 to €83,294
- Depreciation -€1,505
down €1,505 (-16.4%), from €9,153 to €7,648
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 | €78,853 | €54,769 | -€24,084 | -30.5% |
| Fixed assets | 21/28 | €24,262 | €18,114 | -€6,148 | -25.3% |
| Tangible fixed assets | 22/27 | €24,262 | €18,114 | -€6,148 | -25.3% |
| Plant, machinery and equipment | 23 | €16,611 | €13,816 | -€2,795 | -16.8% |
| Furniture and vehicles | 24 | €7,651 | €4,298 | -€3,353 | -43.8% |
| Current assets | 29/58 | €54,591 | €36,654 | -€17,936 | -32.9% |
| Stocks and contracts in progress | 3 | €4,874 | €4,525 | -€349 | -7.2% |
| Stocks | 30/36 | €4,874 | €4,525 | -€349 | -7.2% |
| Amounts receivable within one year | 40/41 | €15,060 | €9,660 | -€5,400 | -35.9% |
| Trade receivables | 40 | - | €1,703 | +€1,703 | |
| Other amounts receivable | 41 | €15,060 | €7,956 | -€7,104 | -47.2% |
| Cash at bank and in hand | 54/58 | €31,444 | €21,904 | -€9,540 | -30.3% |
| Deferred charges and accrued income | 490/1 | €3,213 | €566 | -€2,646 | -82.4% |
| Total equity and liabilities | 10/49 | €78,853 | €54,769 | -€24,084 | -30.5% |
| Equity | 10/15 | €731 | -€10,362 | -€11,093 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €17,222 | €17,222 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,165 | - | -€1,165 | |
| Reserves not available under the articles | 1311 | €1,165 | - | -€1,165 | |
| Tax-exempt reserves | 132 | €16,057 | €16,057 | = | 0.0% |
| Distributable reserves | 133 | - | €1,165 | +€1,165 | |
| Profit (loss) carried forward | 14 | -€46,491 | -€57,584 | -€11,093 | -23.9% |
| Amounts payable | 17/49 | €78,121 | €65,130 | -€12,991 | -16.6% |
| Amounts payable after more than one year | 17 | €4,472 | €2,691 | -€1,782 | -39.8% |
| Financial debts | 170/4 | €4,472 | €2,691 | -€1,782 | -39.8% |
| Amounts payable within one year | 42/48 | €73,649 | €62,440 | -€11,209 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €3,300 | €1,782 | -€1,518 | -46.0% |
| Trade debts | 44 | €31,637 | €34,740 | +€3,103 | +9.8% |
| Suppliers | 440/4 | €31,637 | €34,740 | +€3,103 | +9.8% |
| Taxes, remuneration and social security | 45 | €38,712 | €25,918 | -€12,794 | -33.1% |
| Taxes | 450/3 | €27,106 | €14,732 | -€12,374 | -45.7% |
| Remuneration and social security | 454/9 | €11,607 | €11,186 | -€421 | -3.6% |
| Non-recurring operating income | 76A | €3,306 | - | -€3,306 | |
| Remuneration, social security and pensions | 62 | €80,171 | €83,294 | +€3,123 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,153 | €7,648 | -€1,505 | -16.4% |
| Other operating charges | 640/8 | €2,643 | €1,722 | -€921 | -34.9% |
| Non-recurring operating charges | 66A | - | €1,130 | +€1,130 | |
| Gross operating margin | 9900 | €97,807 | €85,089 | -€12,718 | -13.0% |
| Operating profit (loss) | 9901 | €5,840 | -€8,705 | -€14,545 | |
| Financial income | 75/76B | €825 | €713 | -€111 | -13.5% |
| Recurring financial income | 75 | €825 | €713 | -€111 | -13.5% |
| Financial charges | 65/66B | €3,195 | €3,102 | -€93 | -2.9% |
| Recurring financial charges | 65 | €3,195 | €3,102 | -€93 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €3,470 | -€11,093 | -€14,563 | |
| Profit (loss) for the period | 9904 | €3,470 | -€11,093 | -€14,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,470 | -€11,093 | -€14,563 |
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 30 October 2026 via checked.be.