KAAI 8: 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 8
Largest movements
- Cash +€37,060
up €37,060 (+43.4%), from €85,485 to €122,545
mainly Stocks and contracts (+€21,675) and Depreciation (+€4,312)
- Stocks and contracts -€21,675
down €21,675 (-42.6%), from €50,825 to €29,150
- Tangible fixed assets -€4,312
down €4,312 (-41.6%), from €10,363 to €6,052
of which Other tangible fixed assets: -€2,994
- Deferred charges and accrued income -€3,167
down €3,167 (-79.7%), from €3,975 to €808
- Reserves +€3,242
up €3,242 (+1.8%), from €178,436 to €181,678
- Gross operating margin -€51,962
down €51,962 (-65.5%), from €79,300 to €27,337
- Staff costs -€22,222
down €22,222 (-56.8%), from €39,116 to €16,893
- Taxes -€9,837
down €9,837 (-88.8%), from €11,075 to €1,237
- Financial income -€1,401
down €1,401 (-37.7%), from €3,715 to €2,314
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 | €306,940 | €312,815 | +€5,875 | +1.9% |
| Fixed assets | 21/28 | €10,363 | €6,052 | -€4,312 | -41.6% |
| Tangible fixed assets | 22/27 | €10,363 | €6,052 | -€4,312 | -41.6% |
| Plant, machinery and equipment | 23 | €4,376 | €3,058 | -€1,318 | -30.1% |
| Other tangible fixed assets | 26 | €5,988 | €2,994 | -€2,994 | -50.0% |
| Current assets | 29/58 | €296,576 | €306,763 | +€10,187 | +3.4% |
| Stocks and contracts in progress | 3 | €50,825 | €29,150 | -€21,675 | -42.6% |
| Stocks | 30/36 | €50,825 | €29,150 | -€21,675 | -42.6% |
| Amounts receivable within one year | 40/41 | €6,291 | €4,260 | -€2,031 | -32.3% |
| Trade receivables | 40 | €771 | €0 | -€771 | -100% |
| Other amounts receivable | 41 | €5,520 | €4,260 | -€1,260 | -22.8% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,485 | €122,545 | +€37,060 | +43.4% |
| Deferred charges and accrued income | 490/1 | €3,975 | €808 | -€3,167 | -79.7% |
| Total equity and liabilities | 10/49 | €306,940 | €312,815 | +€5,875 | +1.9% |
| Equity | 10/15 | €218,436 | €221,678 | +€3,242 | +1.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €178,436 | €181,678 | +€3,242 | +1.8% |
| Distributable reserves | 133 | €178,436 | €181,678 | +€3,242 | +1.8% |
| Amounts payable | 17/49 | €88,504 | €91,136 | +€2,633 | +3.0% |
| Amounts payable within one year | 42/48 | €87,455 | €91,136 | +€3,681 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,983 | €2,882 | -€102 | -3.4% |
| Suppliers | 440/4 | €2,983 | €2,882 | -€102 | -3.4% |
| Taxes, remuneration and social security | 45 | €7,917 | €9,260 | +€1,344 | +17.0% |
| Taxes | 450/3 | €6,715 | €8,060 | +€1,345 | +20.0% |
| Remuneration and social security | 454/9 | €1,201 | €1,200 | -€1 | -0.1% |
| Other amounts payable | 47/48 | €76,555 | €78,994 | +€2,439 | +3.2% |
| Accrued charges and deferred income | 492/3 | €1,048 | €0 | -€1,048 | -100% |
| Remuneration, social security and pensions | 62 | €39,116 | €16,893 | -€22,222 | -56.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,312 | €4,312 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,326 | €897 | -€429 | -32.4% |
| Gross operating margin | 9900 | €79,300 | €27,337 | -€51,962 | -65.5% |
| Operating profit (loss) | 9901 | €34,546 | €5,236 | -€29,310 | -84.8% |
| Financial income | 75/76B | €3,715 | €2,314 | -€1,401 | -37.7% |
| Recurring financial income | 75 | €3,715 | €2,314 | -€1,401 | -37.7% |
| Financial charges | 65/66B | €3,455 | €3,070 | -€385 | -11.1% |
| Recurring financial charges | 65 | €3,455 | €3,070 | -€385 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €34,806 | €4,480 | -€30,326 | -87.1% |
| Income taxes | 67/77 | €11,075 | €1,237 | -€9,837 | -88.8% |
| Profit (loss) for the period | 9904 | €23,732 | €3,242 | -€20,489 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,732 | €3,242 | -€20,489 | -86.3% |
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 21 October 2026 via checked.be.