KA&BE: 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.
KA&BE
Largest movements
- Receivables after one year +€45,675
new in 2025: €45,675
- Cash -€37,113
down €37,113 (-39.9%), from €92,934 to €55,822
mainly Receivables after one year (-€45,675) and Stocks and contracts (-€11,548)
- Tangible fixed assets -€30,281
down €30,281 (-54.7%), from €55,381 to €25,100
of which Furniture and vehicles: -€22,167
- Stocks and contracts +€11,548
up €11,548 (+274.1%), from €4,213 to €15,761
- Receivables within one year +€4,536
up €4,536 (+60.6%), from €7,486 to €12,022
of which Trade receivables: +€3,751
- Debts after one year -€9,969
down €9,969 (-30.4%), from €32,821 to €22,852
- Profit (loss) carried forward +€2,884
up €2,884 (+29.1%), from -€9,904 to -€7,020
- Tax, wage and social debts -€2,413
down €2,413 (-8.1%), from €29,845 to €27,432
of which Taxes: -€1,230
- Trade debts -€2,042
down €2,042 (-2.6%), from €78,678 to €76,636
- Current portion of long-term debt +€1,905
up €1,905 (+23.6%), from €8,063 to €9,969
- Gross operating margin -€22,188
down €22,188 (-9.2%), from €241,272 to €219,083
- Staff costs -€18,157
down €18,157 (-9.3%), from €195,149 to €176,992
- Depreciation -€4,840
down €4,840 (-13.8%), from €35,120 to €30,281
- Other operating charges -€3,996
down €3,996 (-69.3%), from €5,765 to €1,768
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 | €164,164 | €154,530 | -€9,634 | -5.9% |
| Fixed assets | 21/28 | €55,531 | €25,250 | -€30,281 | -54.5% |
| Tangible fixed assets | 22/27 | €55,381 | €25,100 | -€30,281 | -54.7% |
| Plant, machinery and equipment | 23 | €11,047 | €2,933 | -€8,114 | -73.4% |
| Furniture and vehicles | 24 | €44,333 | €22,167 | -€22,167 | -50.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €108,633 | €129,280 | +€20,646 | +19.0% |
| Amounts receivable after more than one year | 29 | - | €45,675 | +€45,675 | |
| Other amounts receivable | 291 | - | €45,675 | +€45,675 | |
| Stocks and contracts in progress | 3 | €4,213 | €15,761 | +€11,548 | +274.1% |
| Stocks | 30/36 | €4,213 | €15,761 | +€11,548 | +274.1% |
| Amounts receivable within one year | 40/41 | €7,486 | €12,022 | +€4,536 | +60.6% |
| Trade receivables | 40 | €7,156 | €10,907 | +€3,751 | +52.4% |
| Other amounts receivable | 41 | €330 | €1,115 | +€785 | +238.1% |
| Cash at bank and in hand | 54/58 | €92,934 | €55,822 | -€37,113 | -39.9% |
| Deferred charges and accrued income | 490/1 | €4,000 | - | -€4,000 | |
| Total equity and liabilities | 10/49 | €164,164 | €154,530 | -€9,634 | -5.9% |
| Equity | 10/15 | €14,758 | €17,642 | +€2,884 | +19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,062 | €6,062 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,062 | €6,062 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,062 | €6,062 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,904 | -€7,020 | +€2,884 | +29.1% |
| Amounts payable | 17/49 | €149,407 | €136,888 | -€12,518 | -8.4% |
| Amounts payable after more than one year | 17 | €32,821 | €22,852 | -€9,969 | -30.4% |
| Financial debts | 170/4 | €32,821 | €22,852 | -€9,969 | -30.4% |
| Amounts payable within one year | 42/48 | €116,586 | €114,036 | -€2,550 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €8,063 | €9,969 | +€1,905 | +23.6% |
| Trade debts | 44 | €78,678 | €76,636 | -€2,042 | -2.6% |
| Suppliers | 440/4 | €78,678 | €76,636 | -€2,042 | -2.6% |
| Taxes, remuneration and social security | 45 | €29,845 | €27,432 | -€2,413 | -8.1% |
| Taxes | 450/3 | €4,226 | €2,996 | -€1,230 | -29.1% |
| Remuneration and social security | 454/9 | €25,619 | €24,436 | -€1,183 | -4.6% |
| Remuneration, social security and pensions | 62 | €195,149 | €176,992 | -€18,157 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,120 | €30,281 | -€4,840 | -13.8% |
| Other operating charges | 640/8 | €5,765 | €1,768 | -€3,996 | -69.3% |
| Gross operating margin | 9900 | €241,272 | €219,083 | -€22,188 | -9.2% |
| Operating profit (loss) | 9901 | €5,238 | €10,042 | +€4,805 | +91.7% |
| Financial income | 75/76B | €6 | €679 | +€673 | +11069.7% |
| Recurring financial income | 75 | €6 | €679 | +€673 | +11069.7% |
| Financial charges | 65/66B | €4,379 | €4,848 | +€469 | +10.7% |
| Recurring financial charges | 65 | €4,379 | €4,848 | +€469 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €865 | €5,874 | +€5,009 | +579.0% |
| Income taxes | 67/77 | €1,794 | €2,989 | +€1,196 | +66.7% |
| Profit (loss) for the period | 9904 | -€929 | €2,884 | +€3,813 | |
| Profit (loss) for the period to be appropriated | 9905 | -€929 | €2,884 | +€3,813 |
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 29 September 2026 via checked.be.