KATVIN: what changed
Two fiscal 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.
What changed
KATVIN
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.2m
2024 · €1.1m+€2.1m
Equity
€8.4m
2024 · €7.6m+€775,118
Cash
€126,361
2024 · €1.0m-€885,900
Balance sheet total
€15.1m
2024 · €15.6m-€422,326
Largest movements
Assets
- Receivables within one year +€3.8m
up €3.8m (+750.1%), from €510,094 to €4.3m
of which Other amounts receivable: +€3.8m
- Financial fixed assets -€3.0m
down €3.0m (-96.6%), from €3.1m to €104,107
of which Affiliated companies: -€3.0m
- Cash -€885,900
down €885,900 (-87.5%), from €1.0m to €126,361
mainly Receivables within one year (-€3.8m) and Contributions, distributions and other (-€2.4m)
- Tangible fixed assets -€361,661
down €361,661 (-3.3%), from €10.9m to €10.5m
of which Land and buildings: -€350,349
Equity and liabilities
- Revaluation surpluses -€2.4m
down €2.4m (-85.3%), from €2.9m to €422,386
- Profit (loss) carried forward +€1.9m
up €1.9m (+152.0%), from €1.3m to €3.2m
- Reserves +€1.3m
up €1.3m (+41.5%), from €3.2m to €4.5m
of which Distributable reserves: +€1.5m
- Debts after one year -€713,451
down €713,451 (-12.8%), from €5.6m to €4.8m
- Short-term financial debts -€540,000
down €540,000 (-100.0%), from €540,000 to €0
Income statement
- Financial income +€2.4m
up €2.4m (+270.1%), from €902,590 to €3.3m
of which Non-recurring financial income: +€1.9m
- Turnover -€1.3m
no longer reported in 2025 (was €1.3m)
- Gross operating margin +€741,211
new in 2025: €741,211
- Services and other goods -€299,756
no longer reported in 2025 (was €299,756)
- Taxes +€83,095
up €83,095 (+64.4%), from €128,961 to €212,056
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.
Result 2024
€1.1m
Turnover
-€1.3m
Other operating income
-€1,258
Services and other goods
+€299,756
Depreciation
-€1,220
Other operating charges
-€1,042
Other operating items
+€726,711
Financial income
+€2.4m
Financial charges
+€21,734
Taxes
-€83,095
Result 2025
€3.2m
Cash bridge derived
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.
From operations
-€28,222
Investment
+€2.9m
Financing
-€3.7m
Cash 2024
€1.0m
From operations (derived)
-€28,222
Net result for the year
+€3.2m
Depreciation
+€467,644
Receivables within one year
-€3.8m
Deferred charges and accrued income
+€43,207
Provisions
-€60,369
Trade debts
+€34,943
Tax, wage and social debts
+€156,169
Accrued charges and deferred income
-€67,916
Investment (derived)
+€2.9m
Investment in fixed assets (net)
+€2.9m
Financing
-€3.7m
Debts after one year
-€713,451
Current portion of long-term debt
-€6,820
Short-term financial debts
-€540,000
Contributions, distributions and other
-€2.4m
Cash 2025
€126,361
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,561,042 | €15,138,716 | -€422,326 | -2.7% |
| Fixed assets | 21/28 | €13,968,114 | €10,648,835 | -€3.3m | -23.8% |
| Tangible fixed assets | 22/27 | €10,906,389 | €10,544,729 | -€361,661 | -3.3% |
| Land and buildings | 22 | €10,843,656 | €10,493,307 | -€350,349 | -3.2% |
| Plant, machinery and equipment | 23 | €24,666 | €16,857 | -€7,808 | -31.7% |
| Furniture and vehicles | 24 | €38,067 | €34,564 | -€3,503 | -9.2% |
| Financial fixed assets | 28 | €3,061,725 | €104,107 | -€3.0m | -96.6% |
| Affiliated companies | 280/1 | €3,006,725 | - | -€3.0m | |
| Participating interests | 280 | €3,006,725 | - | -€3.0m | |
| Other financial fixed assets | 284/8 | €55,000 | - | -€55,000 | |
| Shares | 284 | €15,000 | - | -€15,000 | |
| Amounts receivable and cash guarantees | 285/8 | €40,000 | - | -€40,000 | |
| Current assets | 29/58 | €1,592,928 | €4,489,880 | +€2.9m | +181.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €510,094 | €4,336,153 | +€3.8m | +750.1% |
| Trade receivables | 40 | €6,697 | €65,347 | +€58,649 | +875.7% |
| Other amounts receivable | 41 | €503,396 | €4,270,806 | +€3.8m | +748.4% |
| Cash at bank and in hand | 54/58 | €1,012,261 | €126,361 | -€885,900 | -87.5% |
| Deferred charges and accrued income | 490/1 | €70,573 | €27,366 | -€43,207 | -61.2% |
| Total equity and liabilities | 10/49 | €15,561,042 | €15,138,716 | -€422,326 | -2.7% |
| Equity | 10/15 | €7,590,387 | €8,365,506 | +€775,118 | +10.2% |
| Contributions | 10/11 | €290,312 | €290,312 | +€0 | 0.0% |
| Capital | 10 | €287,181 | €287,181 | +€0 | 0.0% |
| Issued capital | 100 | €287,181 | €287,181 | +€0 | 0.0% |
| Outside capital | 11 | €3,131 | €3,131 | = | 0.0% |
| Share premium | 1100/10 | €3,131 | €3,131 | = | 0.0% |
| Revaluation surpluses | 12 | €2,871,428 | €422,386 | -€2.4m | -85.3% |
| Reserves | 13 | €3,175,432 | €4,494,326 | +€1.3m | +41.5% |
| Non-distributable reserves | 130/1 | €28,718 | €28,718 | +€0 | 0.0% |
| Legal reserve | 130 | €28,718 | €28,718 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €3,146,714 | €2,965,608 | -€181,107 | -5.8% |
| Distributable reserves | 133 | - | €1,500,000 | +€1.5m | |
| Profit (loss) carried forward | 14 | €1,253,215 | €3,158,481 | +€1.9m | +152.0% |
| Provisions and deferred taxes | 16 | €1,048,905 | €988,536 | -€60,369 | -5.8% |
| Deferred taxes | 168 | €1,048,905 | €988,536 | -€60,369 | -5.8% |
| Amounts payable | 17/49 | €6,921,750 | €5,784,674 | -€1.1m | -16.4% |
| Amounts payable after more than one year | 17 | €5,563,167 | €4,849,716 | -€713,451 | -12.8% |
| Financial debts | 170/4 | €5,563,167 | €4,849,716 | -€713,451 | -12.8% |
| Credit institutions | 173 | €5,563,167 | - | -€5.6m | |
| Amounts payable within one year | 42/48 | €1,290,146 | €934,438 | -€355,708 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €720,271 | €713,451 | -€6,820 | -0.9% |
| Financial debts | 43 | €540,000 | €0 | -€540,000 | -100.0% |
| Credit institutions | 430/8 | €540,000 | €0 | -€540,000 | -100.0% |
| Trade debts | 44 | €9,612 | €44,555 | +€34,943 | +363.5% |
| Suppliers | 440/4 | €9,612 | €44,555 | +€34,943 | +363.5% |
| Taxes, remuneration and social security | 45 | €15,763 | €171,932 | +€156,169 | +990.7% |
| Taxes | 450/3 | €15,763 | €171,932 | +€156,169 | +990.7% |
| Other amounts payable | 47/48 | €4,500 | €4,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €68,437 | €520 | -€67,916 | -99.2% |
| Operating income | 70/76A | €1,307,920 | - | -€1.3m | |
| Turnover | 70 | €1,292,162 | - | -€1.3m | |
| Other operating income | 74 | €1,258 | - | -€1,258 | |
| Non-recurring operating income | 76A | €14,500 | €464 | -€14,036 | -96.8% |
| Operating charges | 60/66A | €870,557 | - | -€870,557 | |
| Services and other goods | 61 | €299,756 | - | -€299,756 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466,424 | €467,644 | +€1,220 | +0.3% |
| Other operating charges | 640/8 | €104,377 | €105,419 | +€1,042 | +1.0% |
| Gross operating margin | 9900 | - | €741,211 | +€741,211 | |
| Operating profit (loss) | 9901 | €437,363 | €168,148 | -€269,215 | -61.6% |
| Financial income | 75/76B | €902,590 | €3,340,594 | +€2.4m | +270.1% |
| Recurring financial income | 75 | €902,590 | €1,467,555 | +€564,965 | +62.6% |
| Income from financial fixed assets | 750 | €899,194 | - | -€899,194 | |
| Income from current assets | 751 | €3,396 | - | -€3,396 | |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | €1,873,039 | +€1.9m | |
| Financial charges | 65/66B | €154,629 | €132,894 | -€21,734 | -14.1% |
| Recurring financial charges | 65 | €154,629 | €129,498 | -€25,131 | -16.3% |
| Debt charges | 650 | €150,463 | - | -€150,463 | |
| Other financial charges | 652/9 | €4,166 | - | -€4,166 | |
| Non-recurring financial charges | 66B | - | €3,396 | +€3,396 | |
| Profit (loss) for the period before taxes | 9903 | €1,185,325 | €3,375,847 | +€2.2m | +184.8% |
| Transfer from deferred taxes | 780 | €60,369 | €60,369 | = | 0.0% |
| Income taxes | 67/77 | €128,961 | €212,056 | +€83,095 | +64.4% |
| Taxes | 670/3 | €129,000 | - | -€129,000 | |
| Tax adjustments and reversals of tax provisions | 77 | €39 | - | -€39 | |
| Profit (loss) for the period | 9904 | €1,116,733 | €3,224,160 | +€2.1m | +188.7% |
| Transfer from tax-exempt reserves | 789 | €181,107 | €181,107 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,297,839 | €3,405,267 | +€2.1m | +162.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.