K.A.J.MO: 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.
K.A.J.MO
Largest movements
- Financial fixed assets -€4.0m
down €4.0m (-35.8%), from €11.2m to €7.2m
- Receivables after one year +€400,000
up €400,000 (+80.0%), from €500,000 to €900,000
- Other debts -€3.6m
down €3.6m (-29.5%), from €12.2m to €8.6m
- Financial income +€45,093
up €45,093 (+46.8%), from €96,370 to €141,463
- Financial charges +€30,422
up €30,422 (+150.9%), from €20,154 to €50,576
- Gross operating margin +€16,741
up €16,741 (+76.5%), from €21,875 to €38,616
- Taxes +€7,637
up €7,637 (+31.2%), from €24,447 to €32,084
- Other operating charges +€865
up €865 (+286.8%), from €302 to €1,167
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 | €12,494,851 | €8,978,244 | -€3.5m | -28.1% |
| Fixed assets | 21/28 | €11,228,400 | €7,208,399 | -€4.0m | -35.8% |
| Financial fixed assets | 28 | €11,228,400 | €7,208,399 | -€4.0m | -35.8% |
| Current assets | 29/58 | €1,266,451 | €1,769,845 | +€503,393 | +39.7% |
| Amounts receivable after more than one year | 29 | €500,000 | €900,000 | +€400,000 | +80.0% |
| Trade receivables | 290 | €500,000 | €900,000 | +€400,000 | +80.0% |
| Amounts receivable within one year | 40/41 | €715,231 | €715,559 | +€327 | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €715,231 | €715,559 | +€327 | 0.0% |
| Cash at bank and in hand | 54/58 | €51,220 | €86,286 | +€35,066 | +68.5% |
| Deferred charges and accrued income | 490/1 | - | €68,000 | +€68,000 | |
| Total equity and liabilities | 10/49 | €12,494,851 | €8,978,244 | -€3.5m | -28.1% |
| Equity | 10/15 | €246,719 | €342,971 | +€96,252 | +39.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €236,719 | €332,971 | +€96,252 | +40.7% |
| Distributable reserves | 133 | €236,719 | €332,971 | +€96,252 | +40.7% |
| Amounts payable | 17/49 | €12,248,132 | €8,635,273 | -€3.6m | -29.5% |
| Amounts payable within one year | 42/48 | €12,248,132 | €8,635,273 | -€3.6m | -29.5% |
| Trade debts | 44 | €624 | €1,753 | +€1,129 | +180.8% |
| Suppliers | 440/4 | €624 | €1,753 | +€1,129 | +180.8% |
| Taxes, remuneration and social security | 45 | €80,257 | €57,881 | -€22,375 | -27.9% |
| Taxes | 450/3 | €80,257 | €57,881 | -€22,375 | -27.9% |
| Other amounts payable | 47/48 | €12,167,251 | €8,575,638 | -€3.6m | -29.5% |
| Other operating charges | 640/8 | €302 | €1,167 | +€865 | +286.8% |
| Gross operating margin | 9900 | €21,875 | €38,616 | +€16,741 | +76.5% |
| Operating profit (loss) | 9901 | €21,573 | €37,449 | +€15,876 | +73.6% |
| Financial income | 75/76B | €96,370 | €141,463 | +€45,093 | +46.8% |
| Recurring financial income | 75 | €96,370 | €141,463 | +€45,093 | +46.8% |
| Financial charges | 65/66B | €20,154 | €50,576 | +€30,422 | +150.9% |
| Recurring financial charges | 65 | €20,154 | €50,576 | +€30,422 | +150.9% |
| Profit (loss) for the period before taxes | 9903 | €97,789 | €128,335 | +€30,546 | +31.2% |
| Income taxes | 67/77 | €24,447 | €32,084 | +€7,637 | +31.2% |
| Profit (loss) for the period | 9904 | €73,342 | €96,252 | +€22,910 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,342 | €96,252 | +€22,910 | +31.2% |
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 11 October 2026 via checked.be.