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
- Receivables within one year +€21,702
up €21,702 (+122.2%), from €17,755 to €39,457
- Cash +€7,357
up €7,357 (+100.6%), from €7,313 to €14,669
mainly Net result for the year (+€15,241) and Accrued charges and deferred income (+€8,214)
- Tangible fixed assets -€3,124
down €3,124 (-25.2%), from €12,411 to €9,288
of which Furniture and vehicles: -€2,411
- Deferred charges and accrued income +€685
new in 2025: €685
- Reserves +€15,241
up €15,241 (+132.0%), from €11,548 to €26,789
- Accrued charges and deferred income +€8,214
up €8,214 (+790.3%), from €1,039 to €9,253
- Tax, wage and social debts +€7,324
up €7,324 (+67.4%), from €10,872 to €18,196
of which Taxes: +€11,924
- Debts after one year -€3,730
down €3,730 (-65.9%), from €5,659 to €1,929
- Trade debts -€1,359
down €1,359 (-45.9%), from €2,959 to €1,600
- Gross operating margin +€6,251
up €6,251 (+36.4%), from €17,157 to €23,408
- Depreciation +€1,375
up €1,375 (+75.8%), from €1,815 to €3,190
- Taxes +€1,250
up €1,250 (+38.1%), from €3,283 to €4,533
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 | €37,645 | €64,198 | +€26,553 | +70.5% |
| Fixed assets | 21/28 | €12,577 | €9,387 | -€3,190 | -25.4% |
| Intangible fixed assets | 21 | €166 | €100 | -€67 | -40.1% |
| Tangible fixed assets | 22/27 | €12,411 | €9,288 | -€3,124 | -25.2% |
| Plant, machinery and equipment | 23 | €1,777 | €1,064 | -€713 | -40.1% |
| Furniture and vehicles | 24 | €10,634 | €8,224 | -€2,411 | -22.7% |
| Current assets | 29/58 | €25,067 | €54,811 | +€29,743 | +118.7% |
| Amounts receivable within one year | 40/41 | €17,755 | €39,457 | +€21,702 | +122.2% |
| Trade receivables | 40 | €17,755 | €39,457 | +€21,702 | +122.2% |
| Cash at bank and in hand | 54/58 | €7,313 | €14,669 | +€7,357 | +100.6% |
| Deferred charges and accrued income | 490/1 | - | €685 | +€685 | |
| Total equity and liabilities | 10/49 | €37,645 | €64,198 | +€26,553 | +70.5% |
| Equity | 10/15 | €13,548 | €28,789 | +€15,241 | +112.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €11,548 | €26,789 | +€15,241 | +132.0% |
| Distributable reserves | 133 | €11,548 | €26,789 | +€15,241 | +132.0% |
| Amounts payable | 17/49 | €24,097 | €35,409 | +€11,312 | +46.9% |
| Amounts payable after more than one year | 17 | €5,659 | €1,929 | -€3,730 | -65.9% |
| Financial debts | 170/4 | €5,659 | €1,929 | -€3,730 | -65.9% |
| Amounts payable within one year | 42/48 | €17,398 | €24,227 | +€6,829 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €3,567 | €3,730 | +€164 | +4.6% |
| Trade debts | 44 | €2,959 | €1,600 | -€1,359 | -45.9% |
| Suppliers | 440/4 | €2,959 | €1,600 | -€1,359 | -45.9% |
| Advances received on contracts in progress | 46 | - | €687 | +€687 | |
| Taxes, remuneration and social security | 45 | €10,872 | €18,196 | +€7,324 | +67.4% |
| Taxes | 450/3 | €6,272 | €18,196 | +€11,924 | +190.1% |
| Remuneration and social security | 454/9 | €4,600 | - | -€4,600 | |
| Other amounts payable | 47/48 | - | €13 | +€13 | |
| Accrued charges and deferred income | 492/3 | €1,039 | €9,253 | +€8,214 | +790.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,815 | €3,190 | +€1,375 | +75.8% |
| Other operating charges | 640/8 | €117 | €34 | -€83 | -70.5% |
| Gross operating margin | 9900 | €17,157 | €23,408 | +€6,251 | +36.4% |
| Operating profit (loss) | 9901 | €15,225 | €20,183 | +€4,958 | +32.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +800.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +800.0% |
| Financial charges | 65/66B | €394 | €409 | +€15 | +3.9% |
| Recurring financial charges | 65 | €394 | €409 | +€15 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €14,831 | €19,774 | +€4,943 | +33.3% |
| Income taxes | 67/77 | €3,283 | €4,533 | +€1,250 | +38.1% |
| Profit (loss) for the period | 9904 | €11,548 | €15,241 | +€3,693 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,548 | €15,241 | +€3,693 | +32.0% |
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 8 October 2026 via checked.be.