KABA: 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.
KABA
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+414.1%), from €272,861 to €1.4m
of which Land and buildings: +€1.1m
- Cash -€16,879
down €16,879 (-14.1%), from €119,929 to €103,050
mainly Investment in fixed assets (net) (-€1.2m) and Other debts (-€21,550)
- Debts after one year +€972,320
up €972,320 (+598.0%), from €162,602 to €1.1m
- Reserves +€56,283
up €56,283 (+23.6%), from €238,517 to €294,800
- Current portion of long-term debt +€45,052
up €45,052 (+89.8%), from €50,176 to €95,228
- Trade debts +€35,125
up €35,125 (+255.6%), from €13,743 to €48,868
- Short-term financial debts +€25,000
new in 2025: €25,000
- Gross operating margin +€104,113
up €104,113 (+42.1%), from €247,348 to €351,462
- Staff costs +€90,019
up €90,019 (+685.4%), from €13,134 to €103,153
- Other operating charges +€44,636
up €44,636 (+994.9%), from €4,486 to €49,123
- Depreciation +€30,268
up €30,268 (+48.6%), from €62,299 to €92,568
- Financial charges +€22,696
up €22,696 (+192.7%), from €11,778 to €34,474
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 | €508,926 | €1,625,589 | +€1.1m | +219.4% |
| Fixed assets | 21/28 | €272,861 | €1,402,695 | +€1.1m | +414.1% |
| Tangible fixed assets | 22/27 | €272,861 | €1,402,695 | +€1.1m | +414.1% |
| Land and buildings | 22 | €13,895 | €1,129,386 | +€1.1m | +8028.3% |
| Plant, machinery and equipment | 23 | €44,564 | €53,273 | +€8,710 | +19.5% |
| Furniture and vehicles | 24 | €39,525 | €87,210 | +€47,685 | +120.6% |
| Leasing and similar rights | 25 | €174,878 | €132,826 | -€42,053 | -24.0% |
| Current assets | 29/58 | €236,065 | €222,894 | -€13,171 | -5.6% |
| Amounts receivable within one year | 40/41 | €116,136 | €115,894 | -€242 | -0.2% |
| Trade receivables | 40 | €62,537 | €67,309 | +€4,772 | +7.6% |
| Other amounts receivable | 41 | €53,600 | €48,586 | -€5,014 | -9.4% |
| Cash at bank and in hand | 54/58 | €119,929 | €103,050 | -€16,879 | -14.1% |
| Deferred charges and accrued income | 490/1 | - | €3,950 | +€3,950 | |
| Total equity and liabilities | 10/49 | €508,926 | €1,625,589 | +€1.1m | +219.4% |
| Equity | 10/15 | €241,517 | €297,800 | +€56,283 | +23.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €238,517 | €294,800 | +€56,283 | +23.6% |
| Distributable reserves | 133 | €238,517 | €294,800 | +€56,283 | +23.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €267,409 | €1,327,789 | +€1.1m | +396.5% |
| Amounts payable after more than one year | 17 | €162,602 | €1,134,922 | +€972,320 | +598.0% |
| Financial debts | 170/4 | €162,602 | €1,134,922 | +€972,320 | +598.0% |
| Amounts payable within one year | 42/48 | €104,807 | €188,607 | +€83,800 | +80.0% |
| Current portion of amounts payable after more than one year | 42 | €50,176 | €95,228 | +€45,052 | +89.8% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €13,743 | €48,868 | +€35,125 | +255.6% |
| Suppliers | 440/4 | €13,743 | €48,868 | +€35,125 | +255.6% |
| Taxes, remuneration and social security | 45 | €17,661 | €17,833 | +€172 | +1.0% |
| Taxes | 450/3 | €17,195 | €7,518 | -€9,677 | -56.3% |
| Remuneration and social security | 454/9 | €466 | €10,315 | +€9,849 | +2113.4% |
| Other amounts payable | 47/48 | €23,227 | €1,677 | -€21,550 | -92.8% |
| Accrued charges and deferred income | 492/3 | - | €4,259 | +€4,259 | |
| Remuneration, social security and pensions | 62 | €13,134 | €103,153 | +€90,019 | +685.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,299 | €92,568 | +€30,268 | +48.6% |
| Other operating charges | 640/8 | €4,486 | €49,123 | +€44,636 | +994.9% |
| Gross operating margin | 9900 | €247,348 | €351,462 | +€104,113 | +42.1% |
| Operating profit (loss) | 9901 | €167,429 | €106,618 | -€60,811 | -36.3% |
| Financial income | 75/76B | €6 | €14 | +€8 | +137.6% |
| Recurring financial income | 75 | €6 | €14 | +€8 | +137.6% |
| Financial charges | 65/66B | €11,778 | €34,474 | +€22,696 | +192.7% |
| Recurring financial charges | 65 | €11,778 | €34,474 | +€22,696 | +192.7% |
| Profit (loss) for the period before taxes | 9903 | €155,657 | €72,159 | -€83,498 | -53.6% |
| Income taxes | 67/77 | €33,844 | €15,875 | -€17,969 | -53.1% |
| Profit (loss) for the period | 9904 | €121,812 | €56,283 | -€65,529 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €121,812 | €56,283 | -€65,529 | -53.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.