Katsuaq: 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.
Katsuaq
Largest movements
- Financial fixed assets -€160,115
down €160,115 (-11.7%), from €1.4m to €1.2m
- Receivables within one year -€21,110
down €21,110 (-66.0%), from €32,000 to €10,890
of which Other amounts receivable: -€32,000
- Other debts -€119,692
down €119,692 (-32.4%), from €369,121 to €249,429
- Debts after one year -€62,858
down €62,858 (-6.6%), from €952,532 to €889,674
- Trade debts -€16,368
down €16,368 (-86.9%), from €18,843 to €2,475
- Financial charges -€20,022
down €20,022 (-77.8%), from €25,740 to €5,718
- Gross operating margin -€3,229
down €3,229 (-19.5%), from €16,518 to €13,289
- Depreciation -€841
down €841 (-27.0%), from €3,121 to €2,280
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 | €1,465,317 | €1,283,502 | -€181,815 | -12.4% |
| Fixed assets | 21/28 | €1,377,652 | €1,215,257 | -€162,395 | -11.8% |
| Tangible fixed assets | 22/27 | €7,652 | €5,372 | -€2,280 | -29.8% |
| Furniture and vehicles | 24 | €7,652 | €5,372 | -€2,280 | -29.8% |
| Financial fixed assets | 28 | €1,370,000 | €1,209,885 | -€160,115 | -11.7% |
| Current assets | 29/58 | €87,664 | €68,245 | -€19,419 | -22.2% |
| Amounts receivable within one year | 40/41 | €32,000 | €10,890 | -€21,110 | -66.0% |
| Trade receivables | 40 | - | €10,890 | +€10,890 | |
| Other amounts receivable | 41 | €32,000 | - | -€32,000 | |
| Cash at bank and in hand | 54/58 | €7,311 | €213 | -€7,098 | -97.1% |
| Deferred charges and accrued income | 490/1 | €48,354 | €57,142 | +€8,788 | +18.2% |
| Total equity and liabilities | 10/49 | €1,465,317 | €1,283,502 | -€181,815 | -12.4% |
| Equity | 10/15 | €33,745 | €45,377 | +€11,632 | +34.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,005 | -€23,373 | +€11,632 | +33.2% |
| Amounts payable | 17/49 | €1,431,572 | €1,238,125 | -€193,447 | -13.5% |
| Amounts payable after more than one year | 17 | €952,532 | €889,674 | -€62,858 | -6.6% |
| Financial debts | 170/4 | €952,532 | €889,674 | -€62,858 | -6.6% |
| Amounts payable within one year | 42/48 | €451,348 | €316,692 | -€134,656 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €62,193 | €62,858 | +€665 | +1.1% |
| Financial debts | 43 | - | €7 | +€7 | |
| Credit institutions | 430/8 | - | €7 | +€7 | |
| Trade debts | 44 | €18,843 | €2,475 | -€16,368 | -86.9% |
| Suppliers | 440/4 | €18,843 | €2,475 | -€16,368 | -86.9% |
| Taxes, remuneration and social security | 45 | €1,191 | €1,923 | +€732 | +61.5% |
| Taxes | 450/3 | €1,191 | €1,923 | +€732 | +61.5% |
| Other amounts payable | 47/48 | €369,121 | €249,429 | -€119,692 | -32.4% |
| Accrued charges and deferred income | 492/3 | €27,692 | €31,759 | +€4,067 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,121 | €2,280 | -€841 | -27.0% |
| Other operating charges | 640/8 | €1,564 | €1,589 | +€25 | +1.6% |
| Gross operating margin | 9900 | €16,518 | €13,289 | -€3,229 | -19.5% |
| Operating profit (loss) | 9901 | €11,833 | €9,420 | -€2,413 | -20.4% |
| Financial income | 75/76B | €8,056 | €8,005 | -€51 | -0.6% |
| Recurring financial income | 75 | €8,056 | €8,005 | -€51 | -0.6% |
| Financial charges | 65/66B | €25,740 | €5,718 | -€20,022 | -77.8% |
| Recurring financial charges | 65 | €25,740 | €5,718 | -€20,022 | -77.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,852 | €11,707 | +€17,559 | |
| Income taxes | 67/77 | -€66 | €75 | +€141 | |
| Profit (loss) for the period | 9904 | -€5,785 | €11,632 | +€17,417 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,785 | €11,632 | +€17,417 |
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 31 October 2026 via checked.be.