KATSIMA: 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.
KATSIMA
Largest movements
- Receivables within one year +€53,008
up €53,008 (+17.4%), from €304,554 to €357,562
of which Other amounts receivable: +€40,628
- Reserves +€50,982
up €50,982 (+23.4%), from €217,983 to €268,965
of which Distributable reserves: +€56,868
- Debts after one year -€20,065
down €20,065 (-16.3%), from €122,936 to €102,871
- Short-term financial debts +€15,883
up €15,883, from €0 to €15,883
- Trade debts +€6,857
up €6,857 (+99.8%), from €6,872 to €13,729
- Tax, wage and social debts -€5,490
down €5,490 (-18.3%), from €29,936 to €24,446
- Gross operating margin +€76,786
up €76,786 (+269%), from €28,581 to €105,367
- Taxes +€20,206
up €20,206 (+149%), from €13,601 to €33,807
- Financial charges +€4,612
up €4,612 (+96.7%), from €4,768 to €9,381
- Other operating charges +€1,624
up €1,624 (+142%), from €1,142 to €2,766
- Depreciation -€1,237
down €1,237 (-85.3%), from €1,450 to €213
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 | €460,976 | €509,926 | +€48,950 | +10.6% |
| Fixed assets | 21/28 | €153,775 | €150,703 | -€3,072 | -2.0% |
| Tangible fixed assets | 22/27 | €3,775 | €703 | -€3,072 | -81.4% |
| Furniture and vehicles | 24 | €3,775 | €703 | -€3,072 | -81.4% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €307,201 | €359,223 | +€52,022 | +16.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €304,554 | €357,562 | +€53,008 | +17.4% |
| Trade receivables | 40 | €25,543 | €37,923 | +€12,380 | +48.5% |
| Other amounts receivable | 41 | €279,012 | €319,639 | +€40,628 | +14.6% |
| Cash at bank and in hand | 54/58 | €1,260 | €140 | -€1,120 | -88.9% |
| Deferred charges and accrued income | 490/1 | €1,386 | €1,521 | +€135 | +9.7% |
| Total equity and liabilities | 10/49 | €460,976 | €509,926 | +€48,950 | +10.6% |
| Equity | 10/15 | €281,927 | €332,909 | +€50,982 | +18.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €217,983 | €268,965 | +€50,982 | +23.4% |
| Non-distributable reserves | 130/1 | €5,886 | €0 | -€5,886 | -100% |
| Reserves not available under the articles | 1311 | €5,886 | €0 | -€5,886 | -100% |
| Distributable reserves | 133 | €212,097 | €268,965 | +€56,868 | +26.8% |
| Profit (loss) carried forward | 14 | €3,944 | €3,944 | = | 0.0% |
| Amounts payable | 17/49 | €179,049 | €177,018 | -€2,032 | -1.1% |
| Amounts payable after more than one year | 17 | €122,936 | €102,871 | -€20,065 | -16.3% |
| Financial debts | 170/4 | €122,936 | €102,871 | -€20,065 | -16.3% |
| Amounts payable within one year | 42/48 | €56,093 | €74,123 | +€18,030 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €19,284 | €20,065 | +€781 | +4.0% |
| Financial debts | 43 | €0 | €15,883 | +€15,883 | |
| Credit institutions | 430/8 | €0 | €15,883 | +€15,883 | |
| Trade debts | 44 | €6,872 | €13,729 | +€6,857 | +99.8% |
| Suppliers | 440/4 | €6,872 | €13,729 | +€6,857 | +99.8% |
| Taxes, remuneration and social security | 45 | €29,936 | €24,446 | -€5,490 | -18.3% |
| Taxes | 450/3 | €29,936 | €24,446 | -€5,490 | -18.3% |
| Accrued charges and deferred income | 492/3 | €20 | €24 | +€4 | +17.5% |
| Non-recurring operating income | 76A | - | €25,835 | +€25,835 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,450 | €213 | -€1,237 | -85.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,000 | €0 | -€1,000 | -100% |
| Other operating charges | 640/8 | €1,142 | €2,766 | +€1,624 | +142% |
| Gross operating margin | 9900 | €28,581 | €105,367 | +€76,786 | +269% |
| Operating profit (loss) | 9901 | €24,989 | €102,388 | +€77,399 | +310% |
| Financial income | 75/76B | €11,277 | €11,781 | +€504 | +4.5% |
| Recurring financial income | 75 | €11,277 | €11,781 | +€504 | +4.5% |
| Financial charges | 65/66B | €4,768 | €9,381 | +€4,612 | +96.7% |
| Recurring financial charges | 65 | €4,768 | €9,381 | +€4,612 | +96.7% |
| Profit (loss) for the period before taxes | 9903 | €31,498 | €104,789 | +€73,291 | +233% |
| Income taxes | 67/77 | €13,601 | €33,807 | +€20,206 | +149% |
| Profit (loss) for the period | 9904 | €17,897 | €70,982 | +€53,085 | +297% |
| Profit (loss) for the period to be appropriated | 9905 | €17,897 | €70,982 | +€53,085 | +297% |
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.