KABIR EXPRESS: 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.
KABIR EXPRESS
Largest movements
- Receivables after one year -€29,041
down €29,041 (-88.8%), from €32,718 to €3,677
- Tangible fixed assets +€18,350
up €18,350 (+216.9%), from €8,459 to €26,810
- Receivables within one year -€4,619
down €4,619 (-15.0%), from €30,814 to €26,196
of which Trade receivables: -€8,633
- Tax, wage and social debts -€20,825
no longer reported in 2025 (was €20,825)
of which Taxes: -€16,315
- Trade debts -€19,262
down €19,262 (-69.5%), from €27,718 to €8,456
- Debts after one year +€16,030
new in 2025: €16,030
- Profit (loss) carried forward +€9,985
up €9,985 (+58.5%), from -€17,072 to -€7,087
- Staff costs -€22,555
down €22,555 (-76.7%), from €29,399 to €6,844
- Gross operating margin -€6,276
down €6,276 (-17.5%), from €35,881 to €29,605
- Other operating charges -€4,113
down €4,113 (-56.5%), from €7,279 to €3,166
- Financial charges +€3,648
up €3,648 (+109.0%), from €3,346 to €6,994
- Financial income +€1,461
up €1,461 (+48.5%), from €3,012 to €4,473
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 | €85,285 | €70,242 | -€15,043 | -17.6% |
| Fixed assets | 21/28 | €8,459 | €26,810 | +€18,350 | +216.9% |
| Intangible fixed assets | 21 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €8,459 | €26,810 | +€18,350 | +216.9% |
| Furniture and vehicles | 24 | €8,459 | €26,810 | +€18,350 | +216.9% |
| Current assets | 29/58 | €76,825 | €43,432 | -€33,393 | -43.5% |
| Amounts receivable after more than one year | 29 | €32,718 | €3,677 | -€29,041 | -88.8% |
| Other amounts receivable | 291 | €32,718 | €3,677 | -€29,041 | -88.8% |
| Amounts receivable within one year | 40/41 | €30,814 | €26,196 | -€4,619 | -15.0% |
| Trade receivables | 40 | €26,790 | €18,157 | -€8,633 | -32.2% |
| Other amounts receivable | 41 | €4,024 | €8,039 | +€4,014 | +99.8% |
| Cash at bank and in hand | 54/58 | €13,122 | €13,560 | +€438 | +3.3% |
| Deferred charges and accrued income | 490/1 | €171 | - | -€171 | |
| Total equity and liabilities | 10/49 | €85,285 | €70,242 | -€15,043 | -17.6% |
| Equity | 10/15 | €17,341 | €27,326 | +€9,985 | +57.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,813 | €15,813 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €13,954 | €13,954 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,072 | -€7,087 | +€9,985 | +58.5% |
| Amounts payable | 17/49 | €67,944 | €42,916 | -€25,028 | -36.8% |
| Amounts payable after more than one year | 17 | - | €16,030 | +€16,030 | |
| Financial debts | 170/4 | - | €16,030 | +€16,030 | |
| Amounts payable within one year | 42/48 | €67,944 | €26,886 | -€41,058 | -60.4% |
| Current portion of amounts payable after more than one year | 42 | €8,664 | €8,470 | -€194 | -2.2% |
| Financial debts | 43 | €9,948 | €9,960 | +€12 | +0.1% |
| Credit institutions | 430/8 | €9,948 | €9,960 | +€12 | +0.1% |
| Trade debts | 44 | €27,718 | €8,456 | -€19,262 | -69.5% |
| Suppliers | 440/4 | €27,718 | €8,456 | -€19,262 | -69.5% |
| Taxes, remuneration and social security | 45 | €20,825 | - | -€20,825 | |
| Taxes | 450/3 | €16,315 | - | -€16,315 | |
| Remuneration and social security | 454/9 | €4,510 | - | -€4,510 | |
| Other amounts payable | 47/48 | €789 | - | -€789 | |
| Non-recurring operating income | 76A | €2,426 | €3,562 | +€1,136 | +46.8% |
| Remuneration, social security and pensions | 62 | €29,399 | €6,844 | -€22,555 | -76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,021 | €7,089 | +€68 | +1.0% |
| Other operating charges | 640/8 | €7,279 | €3,166 | -€4,113 | -56.5% |
| Gross operating margin | 9900 | €35,881 | €29,605 | -€6,276 | -17.5% |
| Operating profit (loss) | 9901 | -€7,818 | €12,506 | +€20,324 | |
| Financial income | 75/76B | €3,012 | €4,473 | +€1,461 | +48.5% |
| Recurring financial income | 75 | €3,012 | €4,473 | +€1,461 | +48.5% |
| Financial charges | 65/66B | €3,346 | €6,994 | +€3,648 | +109.0% |
| Recurring financial charges | 65 | €3,346 | €6,994 | +€3,648 | +109.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,153 | €9,985 | +€18,137 | |
| Income taxes | 67/77 | €32 | - | -€32 | |
| Profit (loss) for the period | 9904 | -€8,185 | €9,985 | +€18,170 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,185 | €9,985 | +€18,170 |
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.