DE KAASKEIZER: 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 KAASKEIZER
Largest movements
- Receivables within one year +€37,017
up €37,017 (+29.4%), from €125,969 to €162,985
- Tangible fixed assets -€5,751
down €5,751 (-71.9%), from €8,000 to €2,249
- Reserves +€20,978
up €20,978 (+29.0%), from €72,343 to €93,320
- Trade debts +€4,422
up €4,422 (+11.9%), from €37,253 to €41,675
- Short-term financial debts +€2,495
new in 2025: €2,495
- Gross operating margin -€25,782
down €25,782 (-35.0%), from €73,687 to €47,905
- Financial income +€7,385
up €7,385 (+34,479%), from €21 to €7,407
- Taxes -€5,081
down €5,081 (-32.3%), from €15,741 to €10,659
- Other operating charges -€3,919
down €3,919 (-73.8%), from €5,310 to €1,392
- Financial charges -€1,730
down €1,730 (-10.8%), from €15,992 to €14,262
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 | €154,868 | €184,042 | +€29,173 | +18.8% |
| Fixed assets | 21/28 | €8,025 | €2,249 | -€5,776 | -72.0% |
| Tangible fixed assets | 22/27 | €8,000 | €2,249 | -€5,751 | -71.9% |
| Furniture and vehicles | 24 | €8,000 | €2,249 | -€5,751 | -71.9% |
| Financial fixed assets | 28 | €25 | €0 | -€25 | -100% |
| Current assets | 29/58 | €146,844 | €181,793 | +€34,949 | +23.8% |
| Stocks and contracts in progress | 3 | €3,420 | €1,972 | -€1,448 | -42.3% |
| Stocks | 30/36 | €3,420 | €1,972 | -€1,448 | -42.3% |
| Amounts receivable within one year | 40/41 | €125,969 | €162,985 | +€37,017 | +29.4% |
| Other amounts receivable | 41 | €125,969 | €162,985 | +€37,017 | +29.4% |
| Cash at bank and in hand | 54/58 | €17,365 | €16,574 | -€791 | -4.6% |
| Deferred charges and accrued income | 490/1 | €90 | €262 | +€172 | +191% |
| Total equity and liabilities | 10/49 | €154,868 | €184,042 | +€29,173 | +18.8% |
| Equity | 10/15 | €90,943 | €111,920 | +€20,978 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,343 | €93,320 | +€20,978 | +29.0% |
| Distributable reserves | 133 | €72,343 | €93,320 | +€20,978 | +29.0% |
| Amounts payable | 17/49 | €63,926 | €72,121 | +€8,196 | +12.8% |
| Amounts payable within one year | 42/48 | €63,926 | €72,121 | +€8,196 | +12.8% |
| Financial debts | 43 | - | €2,495 | +€2,495 | |
| Credit institutions | 430/8 | - | €2,495 | +€2,495 | |
| Trade debts | 44 | €37,253 | €41,675 | +€4,422 | +11.9% |
| Suppliers | 440/4 | €37,253 | €41,675 | +€4,422 | +11.9% |
| Taxes, remuneration and social security | 45 | €26,672 | €27,702 | +€1,029 | +3.9% |
| Taxes | 450/3 | €26,672 | €27,702 | +€1,029 | +3.9% |
| Other amounts payable | 47/48 | €0 | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,000 | €8,021 | +€21 | +0.3% |
| Other operating charges | 640/8 | €5,310 | €1,392 | -€3,919 | -73.8% |
| Gross operating margin | 9900 | €73,687 | €47,905 | -€25,782 | -35.0% |
| Operating profit (loss) | 9901 | €60,376 | €38,492 | -€21,884 | -36.2% |
| Financial income | 75/76B | €21 | €7,407 | +€7,385 | +34,479% |
| Recurring financial income | 75 | €21 | €7,407 | +€7,385 | +34,479% |
| Financial charges | 65/66B | €15,992 | €14,262 | -€1,730 | -10.8% |
| Recurring financial charges | 65 | €15,992 | €14,262 | -€1,730 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €44,405 | €31,637 | -€12,768 | -28.8% |
| Income taxes | 67/77 | €15,741 | €10,659 | -€5,081 | -32.3% |
| Profit (loss) for the period | 9904 | €28,665 | €20,978 | -€7,687 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,665 | €20,978 | -€7,687 | -26.8% |
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 26 October 2026 via checked.be.