Kaas & Zo: what changed
Kaas & Zo
Largest movements
- Receivables within one year +€30,295
up €30,295 (+510%), from €5,943 to €36,238
of which Other amounts receivable: +€23,954
- Cash -€6,107
down €6,107 (-10.2%), from €59,584 to €53,476
mainly Receivables within one year (-€30,295) and Other debts (-€3,487)
- Stocks and contracts -€2,536
down €2,536 (-19.6%), from €12,964 to €10,429
- Financial fixed assets -€2,232
down €2,232 (-100%), from €2,232 to €0
- Tangible fixed assets -€2,212
down €2,212 (-30.8%), from €7,179 to €4,968
- Reserves +€14,053
up €14,053 (+30.5%), from €46,145 to €60,198
of which Distributable reserves: +€14,053
- Trade debts +€5,096
up €5,096 (+51.7%), from €9,862 to €14,958
- Other debts -€3,487
down €3,487 (-100%), from €3,487 to €0
- Tax, wage and social debts +€2,424
up €2,424 (+90.1%), from €2,692 to €5,116
of which Taxes: +€3,224
- Accrued charges and deferred income -€1,105
down €1,105 (-74.6%), from €1,482 to €377
- Gross operating margin +€14,445
up €14,445 (+201%), from €7,203 to €21,648
- Taxes +€4,059
up €4,059 (+291%), from €1,397 to €5,456
- Financial income +€1,285
up €1,285 (+2,457%), from €52 to €1,338
- Other operating charges -€443
down €443 (-33.1%), from €1,340 to €897
- Depreciation +€237
up €237 (+12.0%), from €1,974 to €2,212
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,668 | €105,649 | +€16,982 | +19.2% |
| Fixed assets | 21/28 | €9,412 | €4,968 | -€4,444 | -47.2% |
| Tangible fixed assets | 22/27 | €7,179 | €4,968 | -€2,212 | -30.8% |
| Land and buildings | 22 | €2,743 | €2,057 | -€686 | -25.0% |
| Plant, machinery and equipment | 23 | €1,702 | €1,061 | -€641 | -37.6% |
| Furniture and vehicles | 24 | €2,735 | €1,849 | -€885 | -32.4% |
| Financial fixed assets | 28 | €2,232 | €0 | -€2,232 | -100% |
| Current assets | 29/58 | €79,256 | €100,682 | +€21,425 | +27.0% |
| Stocks and contracts in progress | 3 | €12,964 | €10,429 | -€2,536 | -19.6% |
| Stocks | 30/36 | €12,964 | €10,429 | -€2,536 | -19.6% |
| Amounts receivable within one year | 40/41 | €5,943 | €36,238 | +€30,295 | +510% |
| Trade receivables | 40 | €895 | €7,236 | +€6,341 | +708% |
| Other amounts receivable | 41 | €5,048 | €29,003 | +€23,954 | +475% |
| Cash at bank and in hand | 54/58 | €59,584 | €53,476 | -€6,107 | -10.2% |
| Deferred charges and accrued income | 490/1 | €765 | €538 | -€227 | -29.7% |
| Total equity and liabilities | 10/49 | €88,668 | €105,649 | +€16,982 | +19.2% |
| Equity | 10/15 | €71,145 | €85,198 | +€14,053 | +19.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €46,145 | €60,198 | +€14,053 | +30.5% |
| Tax-exempt reserves | 132 | €459 | €459 | = | 0.0% |
| Distributable reserves | 133 | €45,686 | €59,739 | +€14,053 | +30.8% |
| Amounts payable | 17/49 | €17,523 | €20,452 | +€2,929 | +16.7% |
| Amounts payable within one year | 42/48 | €16,041 | €20,075 | +€4,034 | +25.1% |
| Trade debts | 44 | €9,862 | €14,958 | +€5,096 | +51.7% |
| Suppliers | 440/4 | €9,862 | €14,958 | +€5,096 | +51.7% |
| Taxes, remuneration and social security | 45 | €2,692 | €5,116 | +€2,424 | +90.1% |
| Taxes | 450/3 | €542 | €3,766 | +€3,224 | +595% |
| Remuneration and social security | 454/9 | €2,150 | €1,350 | -€800 | -37.2% |
| Other amounts payable | 47/48 | €3,487 | €0 | -€3,487 | -100% |
| Accrued charges and deferred income | 492/3 | €1,482 | €377 | -€1,105 | -74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,974 | €2,212 | +€237 | +12.0% |
| Other operating charges | 640/8 | €1,340 | €897 | -€443 | -33.1% |
| Gross operating margin | 9900 | €7,203 | €21,648 | +€14,445 | +201% |
| Operating profit (loss) | 9901 | €3,888 | €18,539 | +€14,651 | +377% |
| Financial income | 75/76B | €52 | €1,338 | +€1,285 | +2,457% |
| Recurring financial income | 75 | €52 | €1,338 | +€1,285 | +2,457% |
| Financial charges | 65/66B | €279 | €368 | +€89 | +31.9% |
| Recurring financial charges | 65 | €279 | €368 | +€89 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €3,661 | €19,509 | +€15,848 | +433% |
| Income taxes | 67/77 | €1,397 | €5,456 | +€4,059 | +291% |
| Profit (loss) for the period | 9904 | €2,264 | €14,053 | +€11,788 | +521% |
| Profit (loss) for the period to be appropriated | 9905 | €2,264 | €14,053 | +€11,788 | +521% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.