eps & kaas: 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.
eps & kaas
Largest movements
- Cash +€86,488
up €86,488 (+71.9%), from €120,280 to €206,768
mainly Net result for the year (+€107,703) and Tax, wage and social debts (+€26,960)
- Receivables within one year -€26,308
down €26,308 (-20.0%), from €131,687 to €105,379
of which Trade receivables: -€30,756
- Tangible fixed assets -€16,876
down €16,876 (-4.6%), from €367,221 to €350,345
of which Land and buildings: -€9,720
- Tax, wage and social debts +€26,960
up €26,960 (+70.6%), from €38,168 to €65,128
of which Taxes: +€23,507
- Reserves +€26,413
up €26,413 (+7.6%), from €348,915 to €375,328
- Other debts +€25,816
up €25,816 (+70.7%), from €36,497 to €62,313
- Debts after one year -€24,874
down €24,874 (-16.6%), from €149,795 to €124,922
- Gross operating margin -€22,872
down €22,872 (-10.0%), from €229,282 to €206,410
- Staff costs +€21,686
up €21,686 (+115%), from €18,822 to €40,508
- Taxes -€13,848
down €13,848 (-27.8%), from €49,756 to €35,908
- Other operating charges -€3,470
down €3,470 (-59.9%), from €5,796 to €2,326
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 | €630,691 | €677,136 | +€46,445 | +7.4% |
| Fixed assets | 21/28 | €369,811 | €352,935 | -€16,876 | -4.6% |
| Tangible fixed assets | 22/27 | €367,221 | €350,345 | -€16,876 | -4.6% |
| Land and buildings | 22 | €343,515 | €333,795 | -€9,720 | -2.8% |
| Furniture and vehicles | 24 | €23,706 | €16,550 | -€7,156 | -30.2% |
| Financial fixed assets | 28 | €2,590 | €2,590 | = | 0.0% |
| Current assets | 29/58 | €260,880 | €324,201 | +€63,321 | +24.3% |
| Amounts receivable within one year | 40/41 | €131,687 | €105,379 | -€26,308 | -20.0% |
| Trade receivables | 40 | €131,687 | €100,930 | -€30,756 | -23.4% |
| Other amounts receivable | 41 | - | €4,449 | +€4,449 | |
| Cash at bank and in hand | 54/58 | €120,280 | €206,768 | +€86,488 | +71.9% |
| Deferred charges and accrued income | 490/1 | €8,914 | €12,054 | +€3,140 | +35.2% |
| Total equity and liabilities | 10/49 | €630,691 | €677,136 | +€46,445 | +7.4% |
| Equity | 10/15 | €367,515 | €393,928 | +€26,413 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €348,915 | €375,328 | +€26,413 | +7.6% |
| Distributable reserves | 133 | €348,915 | €375,328 | +€26,413 | +7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €263,177 | €283,208 | +€20,032 | +7.6% |
| Amounts payable after more than one year | 17 | €149,795 | €124,922 | -€24,874 | -16.6% |
| Financial debts | 170/4 | €149,795 | €124,922 | -€24,874 | -16.6% |
| Amounts payable within one year | 42/48 | €110,271 | €155,220 | +€44,948 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €24,550 | €24,874 | +€324 | +1.3% |
| Trade debts | 44 | €6,622 | €1,971 | -€4,651 | -70.2% |
| Suppliers | 440/4 | €6,622 | €1,971 | -€4,651 | -70.2% |
| Advances received on contracts in progress | 46 | €4,434 | €934 | -€3,500 | -78.9% |
| Taxes, remuneration and social security | 45 | €38,168 | €65,128 | +€26,960 | +70.6% |
| Taxes | 450/3 | €35,963 | €59,469 | +€23,507 | +65.4% |
| Remuneration and social security | 454/9 | €2,205 | €5,658 | +€3,453 | +157% |
| Other amounts payable | 47/48 | €36,497 | €62,313 | +€25,816 | +70.7% |
| Accrued charges and deferred income | 492/3 | €3,110 | €3,067 | -€43 | -1.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €18,822 | €40,508 | +€21,686 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,002 | €19,685 | -€317 | -1.6% |
| Other operating charges | 640/8 | €5,796 | €2,326 | -€3,470 | -59.9% |
| Gross operating margin | 9900 | €229,282 | €206,410 | -€22,872 | -10.0% |
| Operating profit (loss) | 9901 | €184,662 | €143,890 | -€40,772 | -22.1% |
| Financial income | 75/76B | €1,077 | €2,276 | +€1,199 | +111% |
| Recurring financial income | 75 | €1,077 | €2,276 | +€1,199 | +111% |
| Financial charges | 65/66B | €3,051 | €2,555 | -€496 | -16.3% |
| Recurring financial charges | 65 | €3,051 | €2,555 | -€496 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €182,688 | €143,612 | -€39,077 | -21.4% |
| Income taxes | 67/77 | €49,756 | €35,908 | -€13,848 | -27.8% |
| Profit (loss) for the period | 9904 | €132,933 | €107,703 | -€25,229 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €132,933 | €107,703 | -€25,229 | -19.0% |
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 18 October 2026 via checked.be.