KAAI 22: 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.
KAAI 22
Largest movements
- Receivables within one year +€49,627
up €49,627 (+33.3%), from €149,242 to €198,869
of which Trade receivables: +€34,908
- Tangible fixed assets -€12,983
down €12,983 (-3.2%), from €404,551 to €391,569
of which Land and buildings: -€18,516
- Stocks and contracts -€11,177
down €11,177 (-32.5%), from €34,403 to €23,225
- Deferred charges and accrued income -€6,527
down €6,527 (-36.0%), from €18,155 to €11,628
- Other debts +€24,776
up €24,776 (+11,046%), from €224 to €25,000
- Trade debts +€24,558
up €24,558 (+147%), from €16,686 to €41,244
- Debts after one year -€18,516
down €18,516 (-5.3%), from €352,253 to €333,737
- Tax, wage and social debts -€7,634
down €7,634 (-26.5%), from €28,791 to €21,157
of which Remuneration and social security: -€5,716
- Gross operating margin -€47,989
down €47,989 (-16.7%), from €286,962 to €238,973
- Staff costs -€16,630
down €16,630 (-7.5%), from €220,559 to €203,929
- Taxes -€3,204
no longer reported in 2025 (was €3,204)
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.
Derived cash bridge
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 | €634,211 | €651,917 | +€17,707 | +2.8% |
| Fixed assets | 21/28 | €412,051 | €399,069 | -€12,983 | -3.2% |
| Tangible fixed assets | 22/27 | €404,551 | €391,569 | -€12,983 | -3.2% |
| Land and buildings | 22 | €370,825 | €352,308 | -€18,516 | -5.0% |
| Plant, machinery and equipment | 23 | €18,533 | €22,740 | +€4,207 | +22.7% |
| Furniture and vehicles | 24 | €4,177 | €7,075 | +€2,899 | +69.4% |
| Other tangible fixed assets | 26 | €11,017 | €9,445 | -€1,572 | -14.3% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €222,159 | €252,849 | +€30,689 | +13.8% |
| Stocks and contracts in progress | 3 | €34,403 | €23,225 | -€11,177 | -32.5% |
| Stocks | 30/36 | €34,403 | €23,225 | -€11,177 | -32.5% |
| Amounts receivable within one year | 40/41 | €149,242 | €198,869 | +€49,627 | +33.3% |
| Trade receivables | 40 | €1,817 | €36,725 | +€34,908 | +1,921% |
| Other amounts receivable | 41 | €147,425 | €162,144 | +€14,719 | +10.0% |
| Cash at bank and in hand | 54/58 | €20,359 | €19,125 | -€1,234 | -6.1% |
| Deferred charges and accrued income | 490/1 | €18,155 | €11,628 | -€6,527 | -36.0% |
| Total equity and liabilities | 10/49 | €634,211 | €651,917 | +€17,707 | +2.8% |
| Equity | 10/15 | €214,100 | €212,168 | -€1,932 | -0.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €201,700 | €201,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €199,840 | €199,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,932 | -€1,932 | |
| Amounts payable | 17/49 | €420,111 | €439,749 | +€19,638 | +4.7% |
| Amounts payable after more than one year | 17 | €352,253 | €333,737 | -€18,516 | -5.3% |
| Financial debts | 170/4 | €352,253 | €333,737 | -€18,516 | -5.3% |
| Amounts payable within one year | 42/48 | €67,858 | €105,918 | +€38,060 | +56.1% |
| Current portion of amounts payable after more than one year | 42 | €22,156 | €18,516 | -€3,640 | -16.4% |
| Trade debts | 44 | €16,686 | €41,244 | +€24,558 | +147% |
| Suppliers | 440/4 | €16,686 | €41,244 | +€24,558 | +147% |
| Taxes, remuneration and social security | 45 | €28,791 | €21,157 | -€7,634 | -26.5% |
| Taxes | 450/3 | €6,333 | €4,414 | -€1,919 | -30.3% |
| Remuneration and social security | 454/9 | €22,458 | €16,743 | -€5,716 | -25.5% |
| Other amounts payable | 47/48 | €224 | €25,000 | +€24,776 | +11,046% |
| Accrued charges and deferred income | 492/3 | - | €95 | +€95 | |
| Remuneration, social security and pensions | 62 | €220,559 | €203,929 | -€16,630 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,958 | €31,983 | -€975 | -3.0% |
| Other operating charges | 640/8 | €4,190 | €5,480 | +€1,289 | +30.8% |
| Non-recurring operating charges | 66A | €17,456 | - | -€17,456 | |
| Gross operating margin | 9900 | €286,962 | €238,973 | -€47,989 | -16.7% |
| Operating profit (loss) | 9901 | €11,798 | -€2,419 | -€14,217 | |
| Financial income | 75/76B | €4,951 | €4,602 | -€348 | -7.0% |
| Recurring financial income | 75 | €4,951 | €4,602 | -€348 | -7.0% |
| Financial charges | 65/66B | €4,728 | €4,115 | -€612 | -13.0% |
| Recurring financial charges | 65 | €4,728 | €4,115 | -€612 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €12,021 | -€1,932 | -€13,953 | |
| Income taxes | 67/77 | €3,204 | - | -€3,204 | |
| Profit (loss) for the period | 9904 | €8,818 | -€1,932 | -€10,749 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,818 | -€1,932 | -€10,749 |
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 23 October 2026 via checked.be.