DE KAAI: 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.
DE KAAI
Largest movements
- Tangible fixed assets -€51,809
down €51,809 (-6.1%), from €855,810 to €804,001
of which Land and buildings: -€51,731
- Receivables within one year -€10,667
down €10,667 (-85.0%), from €12,555 to €1,887
of which Trade receivables: -€12,550
- Other debts -€99,607
down €99,607 (-58.5%), from €170,218 to €70,612
- Debts after one year +€73,261
up €73,261 (+57.7%), from €126,965 to €200,226
- Reserves -€47,518
down €47,518 (-22.4%), from €212,111 to €164,593
of which Distributable reserves: -€40,000
- Short-term financial debts -€36,307
down €36,307 (-15.5%), from €234,548 to €198,241
- Current portion of long-term debt +€29,548
up €29,548 (+73.3%), from €40,296 to €69,844
- Financial charges -€6,179
down €6,179 (-28.9%), from €21,374 to €15,195
- Gross operating margin +€2,172
up €2,172 (+1.5%), from €149,694 to €151,866
- Depreciation +€1,590
up €1,590 (+2.5%), from €62,647 to €64,237
- Taxes +€1,521
up €1,521 (+8.6%), from €17,779 to €19,300
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €871,283 | €808,808 | -€62,475 | -7.2% |
| Fixed assets | 21/28 | €856,310 | €804,501 | -€51,809 | -6.1% |
| Tangible fixed assets | 22/27 | €855,810 | €804,001 | -€51,809 | -6.1% |
| Land and buildings | 22 | €855,732 | €804,001 | -€51,731 | -6.0% |
| Furniture and vehicles | 24 | €78 | - | -€78 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €14,973 | €4,307 | -€10,666 | -71.2% |
| Amounts receivable within one year | 40/41 | €12,555 | €1,887 | -€10,667 | -85.0% |
| Trade receivables | 40 | €12,550 | - | -€12,550 | |
| Other amounts receivable | 41 | €5 | €1,887 | +€1,883 | +40,227% |
| Deferred charges and accrued income | 490/1 | €2,418 | €2,419 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €871,283 | €808,808 | -€62,475 | -7.2% |
| Equity | 10/15 | €250,112 | €203,443 | -€46,668 | -18.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €212,111 | €164,593 | -€47,518 | -22.4% |
| Tax-exempt reserves | 132 | €30,071 | €22,553 | -€7,518 | -25.0% |
| Distributable reserves | 133 | €182,040 | €142,040 | -€40,000 | -22.0% |
| Profit (loss) carried forward | 14 | €31,801 | €32,650 | +€849 | +2.7% |
| Provisions and deferred taxes | 16 | €10,013 | €7,510 | -€2,503 | -25.0% |
| Deferred taxes | 168 | €10,013 | €7,510 | -€2,503 | -25.0% |
| Amounts payable | 17/49 | €611,159 | €597,855 | -€13,303 | -2.2% |
| Amounts payable after more than one year | 17 | €126,965 | €200,226 | +€73,261 | +57.7% |
| Financial debts | 170/4 | €126,965 | €200,226 | +€73,261 | +57.7% |
| Amounts payable within one year | 42/48 | €483,353 | €397,089 | -€86,263 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €40,296 | €69,844 | +€29,548 | +73.3% |
| Financial debts | 43 | €234,548 | €198,241 | -€36,307 | -15.5% |
| Credit institutions | 430/8 | €234,548 | €198,241 | -€36,307 | -15.5% |
| Trade debts | 44 | €29,240 | €39,035 | +€9,795 | +33.5% |
| Suppliers | 440/4 | €29,240 | €39,035 | +€9,795 | +33.5% |
| Taxes, remuneration and social security | 45 | €9,050 | €19,357 | +€10,307 | +114% |
| Taxes | 450/3 | €9,050 | €19,357 | +€10,307 | +114% |
| Other amounts payable | 47/48 | €170,218 | €70,612 | -€99,607 | -58.5% |
| Accrued charges and deferred income | 492/3 | €842 | €540 | -€301 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,647 | €64,237 | +€1,590 | +2.5% |
| Other operating charges | 640/8 | €11,919 | €12,306 | +€387 | +3.2% |
| Gross operating margin | 9900 | €149,694 | €151,866 | +€2,172 | +1.5% |
| Operating profit (loss) | 9901 | €75,128 | €75,323 | +€195 | +0.3% |
| Financial charges | 65/66B | €21,374 | €15,195 | -€6,179 | -28.9% |
| Recurring financial charges | 65 | €21,374 | €15,195 | -€6,179 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €53,754 | €60,128 | +€6,374 | +11.9% |
| Transfer from deferred taxes | 780 | €2,503 | €2,503 | = | 0.0% |
| Income taxes | 67/77 | €17,779 | €19,300 | +€1,521 | +8.6% |
| Profit (loss) for the period | 9904 | €38,478 | €43,332 | +€4,853 | +12.6% |
| Transfer from tax-exempt reserves | 789 | €7,518 | €7,518 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,996 | €50,849 | +€4,853 | +10.6% |
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 20 October 2026 via checked.be.