K.A.B.: what changed
Two fiscal 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.
K.A.B.
Largest movements
- Cash +€342,418
up €342,418 (+418.7%), from €81,787 to €424,205
mainly Current investments (+€287,878) and Receivables within one year (+€30,568)
- Current investments -€287,878
down €287,878 (-72.7%), from €395,961 to €108,083
- Receivables within one year -€30,568
down €30,568 (-97.9%), from €31,216 to €647
- Profit (loss) carried forward +€23,972
up €23,972 (+4.9%), from €488,504 to €512,475
- Financial income +€96,425
up €96,425 (+203.6%), from €47,358 to €143,783
- Financial charges +€72,016
up €72,016 (+1043.9%), from €6,899 to €78,915
of which Non-recurring financial charges: +€72,707
- Taxes +€33,665
up €33,665, from -€4,524 to €29,141
- Gross operating margin +€3,723
up €3,723 (+26.1%), from -€14,288 to -€10,564
- Other operating charges +€299
up €299 (+33.6%), from €892 to €1,191
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.
Cash bridge derived
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 | €508,964 | €532,935 | +€23,972 | +4.7% |
| Current assets | 29/58 | €508,964 | €532,935 | +€23,972 | +4.7% |
| Amounts receivable within one year | 40/41 | €31,216 | €647 | -€30,568 | -97.9% |
| Other amounts receivable | 41 | €31,216 | €647 | -€30,568 | -97.9% |
| Current investments | 50/53 | €395,961 | €108,083 | -€287,878 | -72.7% |
| Cash at bank and in hand | 54/58 | €81,787 | €424,205 | +€342,418 | +418.7% |
| Total equity and liabilities | 10/49 | €508,964 | €532,935 | +€23,972 | +4.7% |
| Equity | 10/15 | €508,964 | €532,935 | +€23,972 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €488,504 | €512,475 | +€23,972 | +4.9% |
| Other operating charges | 640/8 | €892 | €1,191 | +€299 | +33.6% |
| Gross operating margin | 9900 | -€14,288 | -€10,564 | +€3,723 | +26.1% |
| Operating profit (loss) | 9901 | -€15,179 | -€11,755 | +€3,424 | +22.6% |
| Financial income | 75/76B | €47,358 | €143,783 | +€96,425 | +203.6% |
| Recurring financial income | 75 | €47,358 | €143,783 | +€96,425 | +203.6% |
| Financial charges | 65/66B | €6,899 | €78,915 | +€72,016 | +1043.9% |
| Recurring financial charges | 65 | €6,899 | €6,208 | -€691 | -10.0% |
| Non-recurring financial charges | 66B | - | €72,707 | +€72,707 | |
| Profit (loss) for the period before taxes | 9903 | €25,280 | €53,113 | +€27,833 | +110.1% |
| Income taxes | 67/77 | -€4,524 | €29,141 | +€33,665 | |
| Profit (loss) for the period | 9904 | €29,804 | €23,972 | -€5,832 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,804 | €23,972 | -€5,832 | -19.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.