KA GROUP: what changed
KA GROUP
Largest movements
- Stocks and contracts -€333,890
down €333,890 (-100%), from €333,890 to €0
- Receivables within one year -€7,158
down €7,158 (-25.8%), from €27,721 to €20,564
of which Other amounts receivable: -€7,158
- Cash -€6,925
down €6,925 (-12.8%), from €54,135 to €47,210
mainly Current portion of long-term debt (-€242,720) and Contributions, distributions and other (-€198,824)
- Current portion of long-term debt -€242,720
down €242,720 (-98.0%), from €247,785 to €5,065
- Profit (loss) carried forward -€100,764
down €100,764 (-93.2%), from €108,159 to €7,395
- Other debts +€40,270
new in 2026: €40,270
- Tax, wage and social debts -€34,899
down €34,899 (-81.8%), from €42,682 to €7,783
of which Taxes: -€39,848
- Trade debts -€10,268
down €10,268 (-73.4%), from €13,992 to €3,724
- Gross operating margin +€96,097
up €96,097 (+96.6%), from €99,431 to €195,528
- Taxes +€24,012
up €24,012 (+268%), from €8,973 to €32,986
- Staff costs +€13,157
up €13,157 (+29.1%), from €45,158 to €58,315
- Financial charges -€8,250
down €8,250 (-70.9%), from €11,641 to €3,391
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,118 | €72,036 | -€348,082 | -82.9% |
| Fixed assets | 21/28 | €1,955 | €2,875 | +€920 | +47.1% |
| Tangible fixed assets | 22/27 | €1,955 | €2,875 | +€920 | +47.1% |
| Plant, machinery and equipment | 23 | €108 | €0 | -€108 | -100% |
| Furniture and vehicles | 24 | €1,846 | €2,875 | +€1,029 | +55.7% |
| Current assets | 29/58 | €418,163 | €69,161 | -€349,002 | -83.5% |
| Stocks and contracts in progress | 3 | €333,890 | €0 | -€333,890 | -100% |
| Stocks | 30/36 | €333,890 | €0 | -€333,890 | -100% |
| Amounts receivable within one year | 40/41 | €27,721 | €20,564 | -€7,158 | -25.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €27,721 | €20,564 | -€7,158 | -25.8% |
| Cash at bank and in hand | 54/58 | €54,135 | €47,210 | -€6,925 | -12.8% |
| Deferred charges and accrued income | 490/1 | €2,417 | €1,388 | -€1,029 | -42.6% |
| Total equity and liabilities | 10/49 | €420,118 | €72,036 | -€348,082 | -82.9% |
| Equity | 10/15 | €115,659 | €14,895 | -€100,764 | -87.1% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,159 | €7,395 | -€100,764 | -93.2% |
| Amounts payable | 17/49 | €304,459 | €57,141 | -€247,318 | -81.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €304,459 | €56,843 | -€247,616 | -81.3% |
| Current portion of amounts payable after more than one year | 42 | €247,785 | €5,065 | -€242,720 | -98.0% |
| Trade debts | 44 | €13,992 | €3,724 | -€10,268 | -73.4% |
| Suppliers | 440/4 | €13,992 | €3,724 | -€10,268 | -73.4% |
| Taxes, remuneration and social security | 45 | €42,682 | €7,783 | -€34,899 | -81.8% |
| Taxes | 450/3 | €40,395 | €547 | -€39,848 | -98.6% |
| Remuneration and social security | 454/9 | €2,287 | €7,237 | +€4,950 | +216% |
| Other amounts payable | 47/48 | - | €40,270 | +€40,270 | |
| Accrued charges and deferred income | 492/3 | €0 | €298 | +€298 | |
| Non-recurring operating income | 76A | €38 | €0 | -€38 | -100% |
| Remuneration, social security and pensions | 62 | €45,158 | €58,315 | +€13,157 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,433 | €1,474 | -€959 | -39.4% |
| Other operating charges | 640/8 | €778 | €1,302 | +€524 | +67.3% |
| Gross operating margin | 9900 | €99,431 | €195,528 | +€96,097 | +96.6% |
| Operating profit (loss) | 9901 | €51,062 | €134,436 | +€83,374 | +163% |
| Financial income | 75/76B | €488 | €0 | -€488 | -100% |
| Recurring financial income | 75 | €488 | €0 | -€488 | -100% |
| Financial charges | 65/66B | €11,641 | €3,391 | -€8,250 | -70.9% |
| Recurring financial charges | 65 | €11,641 | €3,391 | -€8,250 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €39,909 | €131,045 | +€91,136 | +228% |
| Income taxes | 67/77 | €8,973 | €32,986 | +€24,012 | +268% |
| Profit (loss) for the period | 9904 | €30,936 | €98,059 | +€67,124 | +217% |
| Profit (loss) for the period to be appropriated | 9905 | €30,936 | €98,059 | +€67,124 | +217% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.