KAAS: 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.
KAAS
Largest movements
- Tangible fixed assets -€16,477
down €16,477 (-23.2%), from €71,148 to €54,671
of which Furniture and vehicles: -€14,321
- Cash -€8,927
down €8,927 (-54.2%), from €16,460 to €7,533
mainly Debts after one year (-€26,210) and Tax, wage and social debts (-€9,251)
- Receivables within one year -€2,871
down €2,871 (-5.1%), from €56,481 to €53,610
of which Trade receivables: -€31,663
- Debts after one year -€26,210
down €26,210 (-100%), from €26,210 to €0
- Tax, wage and social debts -€9,251
down €9,251 (-100%), from €9,251 to €0
of which Taxes: -€9,251
- Current portion of long-term debt +€8,675
up €8,675, from €0 to €8,675
- Trade debts -€2,736
down €2,736 (-88.3%), from €3,100 to €364
- Gross operating margin -€47,775
down €47,775 (-67.3%), from €70,957 to €23,182
- Taxes -€15,412
down €15,412 (-99.7%), from €15,457 to €46
- Other operating charges +€2,080
up €2,080 (+116%), from €1,790 to €3,870
- Financial income -€970
down €970 (-81.8%), from €1,185 to €216
- Financial charges +€885
up €885 (+35.2%), from €2,515 to €3,399
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 | €144,632 | €115,814 | -€28,819 | -19.9% |
| Fixed assets | 21/28 | €71,148 | €54,671 | -€16,477 | -23.2% |
| Tangible fixed assets | 22/27 | €71,148 | €54,671 | -€16,477 | -23.2% |
| Land and buildings | 22 | €16,704 | €15,764 | -€940 | -5.6% |
| Plant, machinery and equipment | 23 | €3,751 | €2,536 | -€1,216 | -32.4% |
| Furniture and vehicles | 24 | €50,692 | €36,371 | -€14,321 | -28.3% |
| Current assets | 29/58 | €73,485 | €61,143 | -€12,342 | -16.8% |
| Amounts receivable within one year | 40/41 | €56,481 | €53,610 | -€2,871 | -5.1% |
| Trade receivables | 40 | €31,663 | €0 | -€31,663 | -100% |
| Other amounts receivable | 41 | €24,817 | €53,610 | +€28,793 | +116% |
| Cash at bank and in hand | 54/58 | €16,460 | €7,533 | -€8,927 | -54.2% |
| Deferred charges and accrued income | 490/1 | €544 | €0 | -€544 | -100% |
| Total equity and liabilities | 10/49 | €144,632 | €115,814 | -€28,819 | -19.9% |
| Equity | 10/15 | €105,999 | €105,606 | -€393 | -0.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,999 | €94,606 | -€393 | -0.4% |
| Amounts payable | 17/49 | €38,633 | €10,208 | -€28,426 | -73.6% |
| Amounts payable after more than one year | 17 | €26,210 | €0 | -€26,210 | -100% |
| Financial debts | 170/4 | €26,210 | €0 | -€26,210 | -100% |
| Amounts payable within one year | 42/48 | €12,424 | €10,208 | -€2,216 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €8,675 | +€8,675 | |
| Financial debts | 43 | €73 | €1,169 | +€1,096 | +1,505% |
| Credit institutions | 430/8 | €73 | €1,169 | +€1,096 | +1,505% |
| Trade debts | 44 | €3,100 | €364 | -€2,736 | -88.3% |
| Suppliers | 440/4 | €3,100 | €364 | -€2,736 | -88.3% |
| Taxes, remuneration and social security | 45 | €9,251 | €0 | -€9,251 | -100% |
| Taxes | 450/3 | €9,251 | €0 | -€9,251 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €333 | €0 | -€333 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,802 | €16,477 | +€675 | +4.3% |
| Other operating charges | 640/8 | €1,790 | €3,870 | +€2,080 | +116% |
| Gross operating margin | 9900 | €70,957 | €23,182 | -€47,775 | -67.3% |
| Operating profit (loss) | 9901 | €53,365 | €2,836 | -€50,529 | -94.7% |
| Financial income | 75/76B | €1,185 | €216 | -€970 | -81.8% |
| Recurring financial income | 75 | €1,185 | €216 | -€970 | -81.8% |
| Financial charges | 65/66B | €2,515 | €3,399 | +€885 | +35.2% |
| Recurring financial charges | 65 | €2,515 | €3,399 | +€885 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | €52,036 | -€348 | -€52,384 | |
| Income taxes | 67/77 | €15,457 | €46 | -€15,412 | -99.7% |
| Profit (loss) for the period | 9904 | €36,579 | -€393 | -€36,972 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,579 | -€393 | -€36,972 |
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 14 October 2026 via checked.be.