KAB Holding: 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.
KAB Holding
Largest movements
- Cash -€204,731
down €204,731 (-51.4%), from €398,251 to €193,520
mainly Contributions, distributions and other (-€150,000) and Other debts (-€142,715)
- Deferred charges and accrued income -€43,775
down €43,775 (-97.0%), from €45,119 to €1,344
- Receivables within one year -€11,638
down €11,638 (-7.5%), from €155,814 to €144,176
of which Trade receivables: -€17,880
- Other debts -€142,715
down €142,715 (-52.8%), from €270,236 to €127,521
- Trade debts -€111,124
down €111,124 (-82.6%), from €134,475 to €23,350
- Tax, wage and social debts -€8,348
down €8,348 (-12.6%), from €66,212 to €57,864
of which Taxes: -€11,953
- Gross operating margin +€162,063
up €162,063 (+330%), from €49,063 to €211,126
- Financial income -€106,567
down €106,567 (-97.4%), from €109,451 to €2,884
- Taxes +€46,705
up €46,705 (+721%), from €6,482 to €53,187
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 | €693,928 | €437,840 | -€256,088 | -36.9% |
| Fixed assets | 21/28 | €94,744 | €98,800 | +€4,056 | +4.3% |
| Tangible fixed assets | 22/27 | €9,797 | €13,853 | +€4,056 | +41.4% |
| Plant, machinery and equipment | 23 | €2,975 | €8,619 | +€5,644 | +190% |
| Furniture and vehicles | 24 | €6,821 | €5,234 | -€1,587 | -23.3% |
| Financial fixed assets | 28 | €84,947 | €84,947 | = | 0.0% |
| Current assets | 29/58 | €599,184 | €339,040 | -€260,144 | -43.4% |
| Amounts receivable within one year | 40/41 | €155,814 | €144,176 | -€11,638 | -7.5% |
| Trade receivables | 40 | €144,880 | €127,000 | -€17,880 | -12.3% |
| Other amounts receivable | 41 | €10,934 | €17,176 | +€6,242 | +57.1% |
| Cash at bank and in hand | 54/58 | €398,251 | €193,520 | -€204,731 | -51.4% |
| Deferred charges and accrued income | 490/1 | €45,119 | €1,344 | -€43,775 | -97.0% |
| Total equity and liabilities | 10/49 | €693,928 | €437,840 | -€256,088 | -36.9% |
| Equity | 10/15 | €223,005 | €229,104 | +€6,099 | +2.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,005 | €228,104 | +€6,099 | +2.7% |
| Amounts payable | 17/49 | €470,922 | €208,735 | -€262,187 | -55.7% |
| Amounts payable within one year | 42/48 | €470,922 | €208,735 | -€262,187 | -55.7% |
| Trade debts | 44 | €134,475 | €23,350 | -€111,124 | -82.6% |
| Suppliers | 440/4 | €134,475 | €23,350 | -€111,124 | -82.6% |
| Taxes, remuneration and social security | 45 | €66,212 | €57,864 | -€8,348 | -12.6% |
| Taxes | 450/3 | €66,212 | €54,258 | -€11,953 | -18.1% |
| Remuneration and social security | 454/9 | - | €3,606 | +€3,606 | |
| Other amounts payable | 47/48 | €270,236 | €127,521 | -€142,715 | -52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,971 | €1,962 | -€9 | -0.5% |
| Other operating charges | 640/8 | €788 | €1,537 | +€749 | +95.0% |
| Gross operating margin | 9900 | €49,063 | €211,126 | +€162,063 | +330% |
| Operating profit (loss) | 9901 | €46,304 | €207,627 | +€161,323 | +348% |
| Financial income | 75/76B | €109,451 | €2,884 | -€106,567 | -97.4% |
| Recurring financial income | 75 | €109,451 | €2,884 | -€106,567 | -97.4% |
| Financial charges | 65/66B | €1,374 | €1,225 | -€148 | -10.8% |
| Recurring financial charges | 65 | €1,374 | €1,225 | -€148 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €154,382 | €209,286 | +€54,904 | +35.6% |
| Income taxes | 67/77 | €6,482 | €53,187 | +€46,705 | +721% |
| Profit (loss) for the period | 9904 | €147,900 | €156,099 | +€8,199 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €147,900 | €156,099 | +€8,199 | +5.5% |
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.