KAAIHOEK: 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.
KAAIHOEK
Largest movements
- Tangible fixed assets -€45,135
down €45,135 (-3.8%), from €1.2m to €1.1m
- Debts after one year -€86,254
down €86,254 (-11.9%), from €726,803 to €640,549
- Profit (loss) carried forward +€39,678
up €39,678 (+80.9%), from -€49,020 to -€9,342
- Gross operating margin +€13,561
up €13,561 (+14.7%), from €92,279 to €105,839
- Financial charges -€1,268
down €1,268 (-9.2%), from €13,729 to €12,461
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 | €1,208,082 | €1,156,223 | -€51,859 | -4.3% |
| Fixed assets | 21/28 | €1,192,975 | €1,147,840 | -€45,135 | -3.8% |
| Tangible fixed assets | 22/27 | €1,192,725 | €1,147,590 | -€45,135 | -3.8% |
| Land and buildings | 22 | €1,192,725 | €1,147,590 | -€45,135 | -3.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €15,107 | €8,383 | -€6,724 | -44.5% |
| Amounts receivable within one year | 40/41 | €571 | €513 | -€58 | -10.1% |
| Other amounts receivable | 41 | €571 | €513 | -€58 | -10.1% |
| Cash at bank and in hand | 54/58 | €2,612 | €4,094 | +€1,483 | +56.8% |
| Deferred charges and accrued income | 490/1 | €11,924 | €3,775 | -€8,149 | -68.3% |
| Total equity and liabilities | 10/49 | €1,208,082 | €1,156,223 | -€51,859 | -4.3% |
| Equity | 10/15 | -€42,820 | -€3,142 | +€39,678 | +92.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,020 | -€9,342 | +€39,678 | +80.9% |
| Amounts payable | 17/49 | €1,250,902 | €1,159,365 | -€91,537 | -7.3% |
| Amounts payable after more than one year | 17 | €726,803 | €640,549 | -€86,254 | -11.9% |
| Financial debts | 170/4 | €726,803 | €640,549 | -€86,254 | -11.9% |
| Amounts payable within one year | 42/48 | €524,099 | €518,816 | -€5,284 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €84,932 | €86,254 | +€1,322 | +1.6% |
| Trade debts | 44 | €3,402 | €978 | -€2,425 | -71.3% |
| Suppliers | 440/4 | €3,402 | €978 | -€2,425 | -71.3% |
| Other amounts payable | 47/48 | €435,765 | €431,584 | -€4,181 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,135 | €45,135 | = | 0.0% |
| Other operating charges | 640/8 | €8,307 | €8,566 | +€259 | +3.1% |
| Gross operating margin | 9900 | €92,279 | €105,839 | +€13,561 | +14.7% |
| Operating profit (loss) | 9901 | €38,837 | €52,139 | +€13,302 | +34.2% |
| Financial charges | 65/66B | €13,729 | €12,461 | -€1,268 | -9.2% |
| Recurring financial charges | 65 | €13,729 | €12,461 | -€1,268 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €25,109 | €39,678 | +€14,569 | +58.0% |
| Profit (loss) for the period | 9904 | €25,109 | €39,678 | +€14,569 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,109 | €39,678 | +€14,569 | +58.0% |
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 26 October 2026 via checked.be.