Ktalyst: 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.
Ktalyst
Largest movements
- Receivables within one year +€22,872
up €22,872 (+88.1%), from €25,960 to €48,832
- Cash -€5,391
down €5,391 (-8.2%), from €65,715 to €60,323
mainly Contributions, distributions and other (-€114,706) and Receivables within one year (-€22,872)
- Tangible fixed assets -€3,263
down €3,263 (-7.1%), from €46,055 to €42,793
- Other debts +€42,602
up €42,602 (+77.3%), from €55,120 to €97,722
- Profit (loss) carried forward -€25,797
down €25,797 (-91.7%), from €28,143 to €2,345
- Debts after one year -€5,460
down €5,460 (-45.2%), from €12,088 to €6,629
- Tax, wage and social debts +€3,261
up €3,261 (+14.6%), from €22,390 to €25,651
- Gross operating margin +€8,657
up €8,657 (+7.3%), from €118,567 to €127,224
- Depreciation +€4,229
up €4,229 (+48.2%), from €8,778 to €13,007
- Taxes +€3,496
up €3,496 (+16.7%), from €20,953 to €24,449
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 | €138,548 | €153,774 | +€15,226 | +11.0% |
| Fixed assets | 21/28 | €46,151 | €42,889 | -€3,263 | -7.1% |
| Tangible fixed assets | 22/27 | €46,055 | €42,793 | -€3,263 | -7.1% |
| Furniture and vehicles | 24 | €46,055 | €42,793 | -€3,263 | -7.1% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €92,397 | €110,886 | +€18,489 | +20.0% |
| Amounts receivable within one year | 40/41 | €25,960 | €48,832 | +€22,872 | +88.1% |
| Trade receivables | 40 | €25,960 | €48,832 | +€22,872 | +88.1% |
| Cash at bank and in hand | 54/58 | €65,715 | €60,323 | -€5,391 | -8.2% |
| Deferred charges and accrued income | 490/1 | €722 | €1,730 | +€1,009 | +140% |
| Total equity and liabilities | 10/49 | €138,548 | €153,774 | +€15,226 | +11.0% |
| Equity | 10/15 | €42,403 | €16,605 | -€25,797 | -60.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,143 | €2,345 | -€25,797 | -91.7% |
| Amounts payable | 17/49 | €96,145 | €137,169 | +€41,024 | +42.7% |
| Amounts payable after more than one year | 17 | €12,088 | €6,629 | -€5,460 | -45.2% |
| Financial debts | 170/4 | €12,088 | €6,629 | -€5,460 | -45.2% |
| Amounts payable within one year | 42/48 | €84,057 | €130,540 | +€46,483 | +55.3% |
| Current portion of amounts payable after more than one year | 42 | €4,816 | €5,460 | +€644 | +13.4% |
| Trade debts | 44 | €1,732 | €1,708 | -€24 | -1.4% |
| Suppliers | 440/4 | €1,732 | €1,708 | -€24 | -1.4% |
| Taxes, remuneration and social security | 45 | €22,390 | €25,651 | +€3,261 | +14.6% |
| Taxes | 450/3 | €22,390 | €25,651 | +€3,261 | +14.6% |
| Other amounts payable | 47/48 | €55,120 | €97,722 | +€42,602 | +77.3% |
| Non-recurring operating income | 76A | €22,033 | - | -€22,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,778 | €13,007 | +€4,229 | +48.2% |
| Other operating charges | 640/8 | €74 | €63 | -€11 | -14.4% |
| Gross operating margin | 9900 | €118,567 | €127,224 | +€8,657 | +7.3% |
| Operating profit (loss) | 9901 | €109,715 | €114,154 | +€4,438 | +4.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €831 | €796 | -€35 | -4.2% |
| Recurring financial charges | 65 | €831 | €796 | -€35 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €108,885 | €113,358 | +€4,473 | +4.1% |
| Income taxes | 67/77 | €20,953 | €24,449 | +€3,496 | +16.7% |
| Profit (loss) for the period | 9904 | €87,932 | €88,909 | +€977 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,932 | €88,909 | +€977 | +1.1% |
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 13 October 2026 via checked.be.