KAAIMAN PROJECTS: 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.
KAAIMAN PROJECTS
Largest movements
- Tangible fixed assets -€25,442
down €25,442 (-10.4%), from €245,176 to €219,734
of which Furniture and vehicles: -€21,993
- Deferred charges and accrued income -€10,801
down €10,801 (-87.0%), from €12,421 to €1,620
- Receivables within one year -€2,766
down €2,766 (-50.1%), from €5,516 to €2,750
of which Trade receivables: -€2,689
- Profit (loss) carried forward -€41,382
down €41,382 (-5.0%), from -€823,479 to -€864,861
- Other debts +€3,712
up €3,712 (+0.4%), from €872,858 to €876,570
- Depreciation +€15,402
up €15,402 (+116.6%), from €13,210 to €28,612
- Gross operating margin -€14,714
down €14,714, from €7,757 to -€6,957
- Other operating charges -€4,803
down €4,803 (-87.6%), from €5,482 to €679
- Taxes +€146
up €146 (+19.9%), from €732 to €878
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 | €272,865 | €234,668 | -€38,197 | -14.0% |
| Fixed assets | 21/28 | €245,176 | €219,734 | -€25,442 | -10.4% |
| Tangible fixed assets | 22/27 | €245,176 | €219,734 | -€25,442 | -10.4% |
| Land and buildings | 22 | €136,200 | €131,850 | -€4,350 | -3.2% |
| Plant, machinery and equipment | 23 | €106 | €1,007 | +€901 | +850.0% |
| Furniture and vehicles | 24 | €108,870 | €86,877 | -€21,993 | -20.2% |
| Current assets | 29/58 | €27,689 | €14,934 | -€12,755 | -46.1% |
| Amounts receivable within one year | 40/41 | €5,516 | €2,750 | -€2,766 | -50.1% |
| Trade receivables | 40 | €5,415 | €2,726 | -€2,689 | -49.7% |
| Other amounts receivable | 41 | €101 | €24 | -€77 | -76.2% |
| Cash at bank and in hand | 54/58 | €9,752 | €10,564 | +€812 | +8.3% |
| Deferred charges and accrued income | 490/1 | €12,421 | €1,620 | -€10,801 | -87.0% |
| Total equity and liabilities | 10/49 | €272,865 | €234,668 | -€38,197 | -14.0% |
| Equity | 10/15 | -€604,879 | -€646,261 | -€41,382 | -6.8% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Outside capital | 11 | €218,600 | €218,600 | = | 0.0% |
| Other | 1109/19 | €218,600 | €218,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€823,479 | -€864,861 | -€41,382 | -5.0% |
| Amounts payable | 17/49 | €877,744 | €880,929 | +€3,185 | +0.4% |
| Amounts payable within one year | 42/48 | €873,918 | €877,774 | +€3,856 | +0.4% |
| Trade debts | 44 | €328 | €325 | -€3 | -0.9% |
| Suppliers | 440/4 | €328 | €325 | -€3 | -0.9% |
| Taxes, remuneration and social security | 45 | €732 | €879 | +€147 | +20.1% |
| Taxes | 450/3 | €732 | €879 | +€147 | +20.1% |
| Other amounts payable | 47/48 | €872,858 | €876,570 | +€3,712 | +0.4% |
| Accrued charges and deferred income | 492/3 | €3,826 | €3,155 | -€671 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,210 | €28,612 | +€15,402 | +116.6% |
| Other operating charges | 640/8 | €5,482 | €679 | -€4,803 | -87.6% |
| Gross operating margin | 9900 | €7,757 | -€6,957 | -€14,714 | |
| Operating profit (loss) | 9901 | -€10,935 | -€36,248 | -€25,313 | -231.5% |
| Financial charges | 65/66B | €4,329 | €4,256 | -€73 | -1.7% |
| Recurring financial charges | 65 | €4,329 | €4,256 | -€73 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,264 | -€40,504 | -€25,240 | -165.4% |
| Income taxes | 67/77 | €732 | €878 | +€146 | +19.9% |
| Profit (loss) for the period | 9904 | -€15,996 | -€41,382 | -€25,386 | -158.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,996 | -€41,382 | -€25,386 | -158.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.