KABAS: 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.
KABAS
Largest movements
- Tangible fixed assets -€32,367
down €32,367 (-24.4%), from €132,471 to €100,104
of which Furniture and vehicles: -€30,331
- Cash +€8,500
up €8,500 (+12.3%), from €69,028 to €77,528
mainly Depreciation (+€38,631) and Net result for the year (+€20,343)
- Deferred charges and accrued income +€6,202
new in 2025: €6,202
- Debts after one year -€26,247
down €26,247 (-41.2%), from €63,665 to €37,419
- Reserves +€20,343
up €20,343 (+13.5%), from €151,153 to €171,496
of which Distributable reserves: +€20,343
- Other debts -€7,910
no longer reported in 2025 (was €7,910)
- Trade debts -€3,686
down €3,686 (-81.7%), from €4,514 to €828
- Gross operating margin -€26,840
down €26,840 (-24.1%), from €111,443 to €84,603
- Depreciation -€10,381
down €10,381 (-21.2%), from €49,012 to €38,631
- Financial charges -€2,998
down €2,998 (-43.8%), from €6,845 to €3,848
- Other operating charges -€1,378
down €1,378 (-20.5%), from €6,709 to €5,331
- Taxes +€1,296
up €1,296 (+8.5%), from €15,261 to €16,557
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 | €270,099 | €253,260 | -€16,839 | -6.2% |
| Fixed assets | 21/28 | €132,471 | €100,104 | -€32,367 | -24.4% |
| Tangible fixed assets | 22/27 | €132,471 | €100,104 | -€32,367 | -24.4% |
| Land and buildings | 22 | €1,229 | €1,075 | -€154 | -12.5% |
| Plant, machinery and equipment | 23 | €15,478 | €13,596 | -€1,882 | -12.2% |
| Furniture and vehicles | 24 | €100,564 | €70,233 | -€30,331 | -30.2% |
| Other tangible fixed assets | 26 | €15,200 | €15,200 | = | 0.0% |
| Current assets | 29/58 | €137,628 | €153,156 | +€15,528 | +11.3% |
| Amounts receivable within one year | 40/41 | €37,100 | €37,926 | +€826 | +2.2% |
| Trade receivables | 40 | €37,100 | €34,092 | -€3,008 | -8.1% |
| Other amounts receivable | 41 | - | €3,834 | +€3,834 | |
| Current investments | 50/53 | €31,500 | €31,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €69,028 | €77,528 | +€8,500 | +12.3% |
| Deferred charges and accrued income | 490/1 | - | €6,202 | +€6,202 | |
| Total equity and liabilities | 10/49 | €270,099 | €253,260 | -€16,839 | -6.2% |
| Equity | 10/15 | €151,153 | €171,496 | +€20,343 | +13.5% |
| Reserves | 13 | €151,153 | €171,496 | +€20,343 | +13.5% |
| Tax-exempt reserves | 132 | €6,986 | €6,986 | = | 0.0% |
| Distributable reserves | 133 | €144,167 | €164,511 | +€20,343 | +14.1% |
| Amounts payable | 17/49 | €118,946 | €81,764 | -€37,182 | -31.3% |
| Amounts payable after more than one year | 17 | €63,665 | €37,419 | -€26,247 | -41.2% |
| Financial debts | 170/4 | €63,665 | €37,419 | -€26,247 | -41.2% |
| Amounts payable within one year | 42/48 | €55,281 | €44,345 | -€10,936 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €28,075 | €28,890 | +€815 | +2.9% |
| Trade debts | 44 | €4,514 | €828 | -€3,686 | -81.7% |
| Suppliers | 440/4 | €4,514 | €828 | -€3,686 | -81.7% |
| Taxes, remuneration and social security | 45 | €14,782 | €14,627 | -€155 | -1.0% |
| Taxes | 450/3 | €14,782 | €14,627 | -€155 | -1.0% |
| Other amounts payable | 47/48 | €7,910 | - | -€7,910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,012 | €38,631 | -€10,381 | -21.2% |
| Other operating charges | 640/8 | €6,709 | €5,331 | -€1,378 | -20.5% |
| Gross operating margin | 9900 | €111,443 | €84,603 | -€26,840 | -24.1% |
| Operating profit (loss) | 9901 | €55,722 | €40,641 | -€15,081 | -27.1% |
| Financial income | 75/76B | €1 | €107 | +€106 | +13097.5% |
| Recurring financial income | 75 | €1 | €107 | +€106 | +13097.5% |
| Financial charges | 65/66B | €6,845 | €3,848 | -€2,998 | -43.8% |
| Recurring financial charges | 65 | €6,845 | €3,848 | -€2,998 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €48,878 | €36,900 | -€11,977 | -24.5% |
| Income taxes | 67/77 | €15,261 | €16,557 | +€1,296 | +8.5% |
| Profit (loss) for the period | 9904 | €33,616 | €20,343 | -€13,273 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,616 | €20,343 | -€13,273 | -39.5% |
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 5 October 2026 via checked.be.