KA.D.: 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.D.
Largest movements
- Receivables within one year -€33,737
down €33,737 (-100.0%), from €33,737 to €0
- Cash +€30,615
up €30,615, from €0 to €30,615
mainly Receivables within one year (+€33,737) and Depreciation (+€9,279)
- Tangible fixed assets -€9,279
down €9,279 (-3.4%), from €274,798 to €265,519
- Debts after one year -€12,973
down €12,973 (-6.8%), from €191,177 to €178,205
- Other debts +€6,564
up €6,564 (+10018.4%), from €66 to €6,630
- Profit (loss) carried forward -€4,413
down €4,413 (-4.3%), from -€102,339 to -€106,752
- Financial income -€1,211
down €1,211 (-94.8%), from €1,277 to €67
- Gross operating margin -€719
down €719 (-11.6%), from €6,205 to €5,486
- Other operating charges -€223
down €223 (-17.3%), from €1,291 to €1,067
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308,534 | €296,134 | -€12,400 | -4.0% |
| Fixed assets | 21/28 | €274,798 | €265,519 | -€9,279 | -3.4% |
| Tangible fixed assets | 22/27 | €274,798 | €265,519 | -€9,279 | -3.4% |
| Land and buildings | 22 | €274,798 | €265,519 | -€9,279 | -3.4% |
| Current assets | 29/58 | €33,737 | €30,615 | -€3,121 | -9.3% |
| Amounts receivable within one year | 40/41 | €33,737 | €0 | -€33,737 | -100.0% |
| Other amounts receivable | 41 | €33,737 | €0 | -€33,737 | -100.0% |
| Cash at bank and in hand | 54/58 | €0 | €30,615 | +€30,615 | |
| Total equity and liabilities | 10/49 | €308,534 | €296,134 | -€12,400 | -4.0% |
| Equity | 10/15 | €69,806 | €62,614 | -€7,192 | -10.3% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €107,145 | €104,366 | -€2,779 | -2.6% |
| Tax-exempt reserves | 132 | €107,145 | €104,366 | -€2,779 | -2.6% |
| Profit (loss) carried forward | 14 | -€102,339 | -€106,752 | -€4,413 | -4.3% |
| Provisions and deferred taxes | 16 | €35,715 | €34,789 | -€926 | -2.6% |
| Deferred taxes | 168 | €35,715 | €34,789 | -€926 | -2.6% |
| Amounts payable | 17/49 | €203,013 | €198,731 | -€4,281 | -2.1% |
| Amounts payable after more than one year | 17 | €191,177 | €178,205 | -€12,973 | -6.8% |
| Financial debts | 170/4 | €191,177 | €178,205 | -€12,973 | -6.8% |
| Amounts payable within one year | 42/48 | €11,836 | €20,527 | +€8,691 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | €10,940 | €12,973 | +€2,032 | +18.6% |
| Trade debts | 44 | €830 | €924 | +€95 | +11.4% |
| Suppliers | 440/4 | €830 | €924 | +€95 | +11.4% |
| Other amounts payable | 47/48 | €66 | €6,630 | +€6,564 | +10018.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,279 | €9,279 | = | 0.0% |
| Other operating charges | 640/8 | €1,291 | €1,067 | -€223 | -17.3% |
| Gross operating margin | 9900 | €6,205 | €5,486 | -€719 | -11.6% |
| Operating profit (loss) | 9901 | -€4,364 | -€4,860 | -€496 | -11.4% |
| Financial income | 75/76B | €1,277 | €67 | -€1,211 | -94.8% |
| Recurring financial income | 75 | €1,277 | €67 | -€1,211 | -94.8% |
| Financial charges | 65/66B | €3,386 | €3,325 | -€61 | -1.8% |
| Recurring financial charges | 65 | €3,386 | €3,325 | -€61 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,473 | -€8,119 | -€1,646 | -25.4% |
| Transfer from deferred taxes | 780 | €926 | €926 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€5,547 | -€7,192 | -€1,646 | -29.7% |
| Transfer from tax-exempt reserves | 789 | €2,779 | €2,779 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,767 | -€4,413 | -€1,646 | -59.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.