KATZENBURG: 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.
KATZENBURG
Largest movements
- Tangible fixed assets +€241,633
new in 2025: €241,633
of which Land and buildings: +€229,334
- Receivables within one year +€52,807
new in 2025: €52,807
of which Other amounts receivable: +€47,338
- Deferred charges and accrued income -€12,457
down €12,457 (-59.3%), from €21,004 to €8,547
- Debts after one year +€264,408
new in 2025: €264,408
- Other debts -€10,882
down €10,882 (-23.1%), from €47,182 to €36,300
- Current portion of long-term debt +€9,592
new in 2025: €9,592
- Trade debts +€8,504
up €8,504 (+646%), from €1,316 to €9,820
- Tax, wage and social debts +€7,639
up €7,639 (+127%), from €6,031 to €13,670
- Gross operating margin +€8,238
up €8,238 (+33.8%), from €24,370 to €32,607
- Depreciation +€3,928
up €3,928 (+826%), from €475 to €4,404
- Taxes +€1,608
up €1,608 (+26.7%), from €6,031 to €7,639
- Other operating charges +€337
up €337 (+68.3%), from €493 to €830
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 | €57,598 | €337,928 | +€280,330 | +487% |
| Fixed assets | 21/28 | €29,525 | €268,158 | +€238,633 | +808% |
| Intangible fixed assets | 21 | €29,525 | €26,525 | -€3,000 | -10.2% |
| Tangible fixed assets | 22/27 | - | €241,633 | +€241,633 | |
| Land and buildings | 22 | - | €229,334 | +€229,334 | |
| Plant, machinery and equipment | 23 | - | €2,842 | +€2,842 | |
| Furniture and vehicles | 24 | - | €1,361 | +€1,361 | |
| Other tangible fixed assets | 26 | - | €8,097 | +€8,097 | |
| Current assets | 29/58 | €28,073 | €69,770 | +€41,697 | +149% |
| Amounts receivable within one year | 40/41 | - | €52,807 | +€52,807 | |
| Trade receivables | 40 | - | €5,468 | +€5,468 | |
| Other amounts receivable | 41 | - | €47,338 | +€47,338 | |
| Cash at bank and in hand | 54/58 | €7,069 | €8,417 | +€1,348 | +19.1% |
| Deferred charges and accrued income | 490/1 | €21,004 | €8,547 | -€12,457 | -59.3% |
| Total equity and liabilities | 10/49 | €57,598 | €337,928 | +€280,330 | +487% |
| Equity | 10/15 | €3,069 | €3,847 | +€778 | +25.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69 | €847 | +€778 | +1,129% |
| Amounts payable | 17/49 | €54,529 | €334,081 | +€279,552 | +513% |
| Amounts payable after more than one year | 17 | - | €264,408 | +€264,408 | |
| Financial debts | 170/4 | - | €264,408 | +€264,408 | |
| Amounts payable within one year | 42/48 | €54,529 | €69,382 | +€14,853 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | - | €9,592 | +€9,592 | |
| Trade debts | 44 | €1,316 | €9,820 | +€8,504 | +646% |
| Suppliers | 440/4 | €1,316 | €9,820 | +€8,504 | +646% |
| Taxes, remuneration and social security | 45 | €6,031 | €13,670 | +€7,639 | +127% |
| Taxes | 450/3 | €6,031 | €13,670 | +€7,639 | +127% |
| Other amounts payable | 47/48 | €47,182 | €36,300 | -€10,882 | -23.1% |
| Accrued charges and deferred income | 492/3 | - | €291 | +€291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475 | €4,404 | +€3,928 | +826% |
| Other operating charges | 640/8 | €493 | €830 | +€337 | +68.3% |
| Gross operating margin | 9900 | €24,370 | €32,607 | +€8,238 | +33.8% |
| Operating profit (loss) | 9901 | €23,401 | €27,374 | +€3,973 | +17.0% |
| Financial income | 75/76B | - | €73 | +€73 | |
| Recurring financial income | 75 | - | €73 | +€73 | |
| Financial charges | 65/66B | €1 | €30 | +€28 | +2,277% |
| Recurring financial charges | 65 | €1 | €30 | +€28 | +2,277% |
| Profit (loss) for the period before taxes | 9903 | €23,400 | €27,417 | +€4,017 | +17.2% |
| Income taxes | 67/77 | €6,031 | €7,639 | +€1,608 | +26.7% |
| Profit (loss) for the period | 9904 | €17,369 | €19,778 | +€2,409 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,369 | €19,778 | +€2,409 | +13.9% |
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 28 October 2026 via checked.be.