KATTY PIRON: 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.
KATTY PIRON
Largest movements
- Tangible fixed assets +€33,610
up €33,610 (+210%), from €15,987 to €49,598
- Cash -€8,891
down €8,891 (-47.5%), from €18,726 to €9,835
mainly Investment in fixed assets (net) (-€45,334) and Contributions, distributions and other (-€7,650)
- Receivables within one year +€1,068
up €1,068 (+6.1%), from €17,570 to €18,638
of which Other amounts receivable: +€4,931
- Debts after one year +€19,908
new in 2025: €19,908
- Other debts +€7,650
new in 2025: €7,650
- Tax, wage and social debts -€4,166
down €4,166 (-30.2%), from €13,809 to €9,644
- Profit (loss) carried forward +€3,511
up €3,511 (+15.2%), from €23,175 to €26,687
- Current portion of long-term debt -€1,109
down €1,109 (-10.9%), from €10,168 to €9,059
- Gross operating margin +€10,752
up €10,752 (+52.9%), from €20,320 to €31,072
- Depreciation +€3,686
up €3,686 (+45.9%), from €8,038 to €11,723
- Financial charges +€2,254
up €2,254 (+1,261%), from €179 to €2,433
- Other operating charges +€1,484
up €1,484 (+204%), from €727 to €2,211
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 | €52,412 | €78,071 | +€25,659 | +49.0% |
| Fixed assets | 21/28 | €15,987 | €49,598 | +€33,610 | +210% |
| Tangible fixed assets | 22/27 | €15,987 | €49,598 | +€33,610 | +210% |
| Furniture and vehicles | 24 | €15,987 | €49,598 | +€33,610 | +210% |
| Current assets | 29/58 | €36,425 | €28,473 | -€7,952 | -21.8% |
| Amounts receivable within one year | 40/41 | €17,570 | €18,638 | +€1,068 | +6.1% |
| Trade receivables | 40 | €10,998 | €7,136 | -€3,863 | -35.1% |
| Other amounts receivable | 41 | €6,572 | €11,502 | +€4,931 | +75.0% |
| Cash at bank and in hand | 54/58 | €18,726 | €9,835 | -€8,891 | -47.5% |
| Deferred charges and accrued income | 490/1 | €129 | - | -€129 | |
| Total equity and liabilities | 10/49 | €52,412 | €78,071 | +€25,659 | +49.0% |
| Equity | 10/15 | €28,175 | €31,687 | +€3,511 | +12.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,175 | €26,687 | +€3,511 | +15.2% |
| Amounts payable | 17/49 | €24,237 | €46,384 | +€22,147 | +91.4% |
| Amounts payable after more than one year | 17 | - | €19,908 | +€19,908 | |
| Financial debts | 170/4 | - | €19,908 | +€19,908 | |
| Amounts payable within one year | 42/48 | €24,237 | €26,476 | +€2,240 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €10,168 | €9,059 | -€1,109 | -10.9% |
| Trade debts | 44 | €259 | €124 | -€136 | -52.3% |
| Suppliers | 440/4 | €259 | €124 | -€136 | -52.3% |
| Taxes, remuneration and social security | 45 | €13,809 | €9,644 | -€4,166 | -30.2% |
| Taxes | 450/3 | €13,809 | €9,644 | -€4,166 | -30.2% |
| Other amounts payable | 47/48 | - | €7,650 | +€7,650 | |
| Non-recurring operating income | 76A | - | €16,893 | +€16,893 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,038 | €11,723 | +€3,686 | +45.9% |
| Other operating charges | 640/8 | €727 | €2,211 | +€1,484 | +204% |
| Gross operating margin | 9900 | €20,320 | €31,072 | +€10,752 | +52.9% |
| Operating profit (loss) | 9901 | €11,555 | €17,138 | +€5,583 | +48.3% |
| Financial charges | 65/66B | €179 | €2,433 | +€2,254 | +1,261% |
| Recurring financial charges | 65 | €179 | €2,433 | +€2,254 | +1,261% |
| Profit (loss) for the period before taxes | 9903 | €11,376 | €14,705 | +€3,329 | +29.3% |
| Income taxes | 67/77 | €3,644 | €3,544 | -€101 | -2.8% |
| Profit (loss) for the period | 9904 | €7,732 | €11,161 | +€3,429 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,732 | €11,161 | +€3,429 | +44.4% |
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 24 October 2026 via checked.be.