KAAZFA: 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.
KAAZFA
Largest movements
- Cash -€3,102
down €3,102 (-91.9%), from €3,376 to €273
mainly Net result for the year (-€11,362) and Tax, wage and social debts (-€2,157)
- Financial fixed assets -€2,250
down €2,250 (-30.0%), from €7,500 to €5,250
- Tangible fixed assets -€1,204
down €1,204 (-32.5%), from €3,699 to €2,495
- Receivables within one year +€612
up €612 (+300%), from €204 to €816
- Profit (loss) carried forward -€11,362
down €11,362 (-58.0%), from -€19,588 to -€30,950
- Debts after one year +€7,914
up €7,914 (+53.2%), from €14,873 to €22,786
- Tax, wage and social debts -€2,157
down €2,157 (-80.8%), from €2,669 to €512
of which Taxes: -€1,552
- Trade debts -€339
down €339 (-56.8%), from €597 to €258
- Staff costs -€8,214
down €8,214 (-87.7%), from €9,367 to €1,153
- Gross operating margin +€1,018
up €1,018 (+15.3%), from -€6,658 to -€5,640
- Taxes -€716
no longer reported in 2025 (was €716)
- Financial charges -€467
down €467 (-58.4%), from €800 to €332
- Other operating charges +€441
up €441 (+16.8%), from €2,620 to €3,061
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 | €28,550 | €22,606 | -€5,944 | -20.8% |
| Fixed assets | 21/28 | €11,199 | €7,745 | -€3,454 | -30.8% |
| Tangible fixed assets | 22/27 | €3,699 | €2,495 | -€1,204 | -32.5% |
| Furniture and vehicles | 24 | €3,699 | €2,495 | -€1,204 | -32.5% |
| Financial fixed assets | 28 | €7,500 | €5,250 | -€2,250 | -30.0% |
| Current assets | 29/58 | €17,351 | €14,861 | -€2,490 | -14.4% |
| Stocks and contracts in progress | 3 | €13,771 | €13,771 | = | 0.0% |
| Stocks | 30/36 | €13,771 | €13,771 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €204 | €816 | +€612 | +300% |
| Other amounts receivable | 41 | €204 | €816 | +€612 | +300% |
| Cash at bank and in hand | 54/58 | €3,376 | €273 | -€3,102 | -91.9% |
| Total equity and liabilities | 10/49 | €28,550 | €22,606 | -€5,944 | -20.8% |
| Equity | 10/15 | €10,412 | -€950 | -€11,362 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Share premium | 1100/10 | €30,000 | - | -€30,000 | |
| Other | 1109/19 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | -€19,588 | -€30,950 | -€11,362 | -58.0% |
| Amounts payable | 17/49 | €18,139 | €23,556 | +€5,417 | +29.9% |
| Amounts payable after more than one year | 17 | €14,873 | €22,786 | +€7,914 | +53.2% |
| Other amounts payable | 178/9 | €14,873 | €22,786 | +€7,914 | +53.2% |
| Amounts payable within one year | 42/48 | €3,266 | €770 | -€2,496 | -76.4% |
| Trade debts | 44 | €597 | €258 | -€339 | -56.8% |
| Suppliers | 440/4 | €597 | €258 | -€339 | -56.8% |
| Taxes, remuneration and social security | 45 | €2,669 | €512 | -€2,157 | -80.8% |
| Taxes | 450/3 | €2,064 | €512 | -€1,552 | -75.2% |
| Remuneration and social security | 454/9 | €605 | - | -€605 | |
| Remuneration, social security and pensions | 62 | €9,367 | €1,153 | -€8,214 | -87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €915 | €1,204 | +€290 | +31.7% |
| Other operating charges | 640/8 | €2,620 | €3,061 | +€441 | +16.8% |
| Gross operating margin | 9900 | -€6,658 | -€5,640 | +€1,018 | +15.3% |
| Operating profit (loss) | 9901 | -€19,560 | -€11,059 | +€8,501 | +43.5% |
| Financial income | 75/76B | €77 | €29 | -€48 | -61.9% |
| Recurring financial income | 75 | €77 | €29 | -€48 | -61.9% |
| Financial charges | 65/66B | €800 | €332 | -€467 | -58.4% |
| Recurring financial charges | 65 | €800 | €332 | -€467 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,282 | -€11,362 | +€8,921 | +44.0% |
| Income taxes | 67/77 | €716 | - | -€716 | |
| Profit (loss) for the period | 9904 | -€20,998 | -€11,362 | +€9,636 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,998 | -€11,362 | +€9,636 | +45.9% |
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 25 October 2026 via checked.be.