KA PED: 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 PED
Largest movements
- Cash +€80,661
up €80,661 (+520.6%), from €15,495 to €96,157
mainly Net result for the year (+€70,229) and Other debts (+€23,690)
- Deferred charges and accrued income +€39,457
up €39,457 (+1512.8%), from €2,608 to €42,065
- Tangible fixed assets -€6,338
down €6,338 (-29.5%), from €21,497 to €15,159
- Reserves +€69,396
up €69,396 (+413.4%), from €16,788 to €86,184
- Other debts +€23,690
up €23,690 (+177.1%), from €13,376 to €37,066
- Tax, wage and social debts +€14,584
up €14,584 (+297.6%), from €4,901 to €19,485
- Trade debts +€4,554
up €4,554 (+13012.3%), from €35 to €4,589
- Accrued charges and deferred income +€1,556
up €1,556 (+103.7%), from €1,500 to €3,056
- Gross operating margin +€69,040
up €69,040 (+249.2%), from €27,703 to €96,743
- Taxes +€13,870
up €13,870 (+304.0%), from €4,563 to €18,433
- Depreciation +€2,483
up €2,483 (+64.4%), from €3,855 to €6,338
- Financial charges +€1,426
up €1,426 (+450.1%), from €317 to €1,743
- Other operating charges -€1,347
no longer reported in 2025 (was €1,347)
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 | €39,600 | €153,381 | +€113,780 | +287.3% |
| Fixed assets | 21/28 | €21,497 | €15,159 | -€6,338 | -29.5% |
| Tangible fixed assets | 22/27 | €21,497 | €15,159 | -€6,338 | -29.5% |
| Furniture and vehicles | 24 | €21,497 | €15,159 | -€6,338 | -29.5% |
| Current assets | 29/58 | €18,103 | €138,222 | +€120,118 | +663.5% |
| Cash at bank and in hand | 54/58 | €15,495 | €96,157 | +€80,661 | +520.6% |
| Deferred charges and accrued income | 490/1 | €2,608 | €42,065 | +€39,457 | +1512.8% |
| Total equity and liabilities | 10/49 | €39,600 | €153,381 | +€113,780 | +287.3% |
| Equity | 10/15 | €19,788 | €89,184 | +€69,396 | +350.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,788 | €86,184 | +€69,396 | +413.4% |
| Distributable reserves | 133 | €16,788 | €86,184 | +€69,396 | +413.4% |
| Amounts payable | 17/49 | €19,812 | €64,197 | +€44,384 | +224.0% |
| Amounts payable within one year | 42/48 | €18,312 | €61,141 | +€42,829 | +233.9% |
| Trade debts | 44 | €35 | €4,589 | +€4,554 | +13012.3% |
| Suppliers | 440/4 | €35 | €4,589 | +€4,554 | +13012.3% |
| Taxes, remuneration and social security | 45 | €4,901 | €19,485 | +€14,584 | +297.6% |
| Taxes | 450/3 | €4,901 | €19,485 | +€14,584 | +297.6% |
| Other amounts payable | 47/48 | €13,376 | €37,066 | +€23,690 | +177.1% |
| Accrued charges and deferred income | 492/3 | €1,500 | €3,056 | +€1,556 | +103.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,855 | €6,338 | +€2,483 | +64.4% |
| Other operating charges | 640/8 | €1,347 | - | -€1,347 | |
| Gross operating margin | 9900 | €27,703 | €96,743 | +€69,040 | +249.2% |
| Operating profit (loss) | 9901 | €22,501 | €90,405 | +€67,904 | +301.8% |
| Financial charges | 65/66B | €317 | €1,743 | +€1,426 | +450.1% |
| Recurring financial charges | 65 | €317 | €1,743 | +€1,426 | +450.1% |
| Profit (loss) for the period before taxes | 9903 | €22,184 | €88,662 | +€66,478 | +299.7% |
| Income taxes | 67/77 | €4,563 | €18,433 | +€13,870 | +304.0% |
| Profit (loss) for the period | 9904 | €17,621 | €70,229 | +€52,608 | +298.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,621 | €70,229 | +€52,608 | +298.6% |
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 7 October 2026 via checked.be.