KABO: 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.
KABO
Largest movements
- Tangible fixed assets +€89,733
up €89,733 (+40.6%), from €220,817 to €310,550
of which Furniture and vehicles: +€78,936
- Receivables within one year -€49,495
down €49,495 (-49.8%), from €99,434 to €49,939
- Cash +€21,999
up €21,999 (+205.8%), from €10,690 to €32,689
mainly Debts after one year (+€53,376) and Depreciation (+€49,731)
- Debts after one year +€53,376
up €53,376 (+61.3%), from €87,087 to €140,463
- Trade debts -€21,424
down €21,424 (-69.2%), from €30,943 to €9,519
- Current portion of long-term debt +€20,559
up €20,559 (+70.3%), from €29,229 to €49,788
- Other debts +€19,762
up €19,762 (+16.4%), from €120,782 to €140,544
- Tax, wage and social debts -€16,099
down €16,099 (-65.5%), from €24,574 to €8,475
- Depreciation +€23,683
up €23,683 (+90.9%), from €26,048 to €49,731
- Gross operating margin -€17,816
down €17,816 (-21.0%), from €84,918 to €67,102
- Taxes -€11,068
down €11,068 (-92.9%), from €11,911 to €843
- Financial charges +€5,873
up €5,873 (+231.4%), from €2,538 to €8,411
- Other operating charges +€1,858
up €1,858 (+54.6%), from €3,404 to €5,262
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 | €334,914 | €398,071 | +€63,157 | +18.9% |
| Formation expenses | 20 | €1,076 | €0 | -€1,076 | -100.0% |
| Fixed assets | 21/28 | €220,817 | €310,550 | +€89,733 | +40.6% |
| Tangible fixed assets | 22/27 | €220,817 | €310,550 | +€89,733 | +40.6% |
| Plant, machinery and equipment | 23 | €14,743 | €21,926 | +€7,183 | +48.7% |
| Furniture and vehicles | 24 | €206,074 | €285,010 | +€78,936 | +38.3% |
| Other tangible fixed assets | 26 | - | €3,614 | +€3,614 | |
| Current assets | 29/58 | €113,021 | €87,521 | -€25,500 | -22.6% |
| Amounts receivable within one year | 40/41 | €99,434 | €49,939 | -€49,495 | -49.8% |
| Trade receivables | 40 | €99,434 | €49,939 | -€49,495 | -49.8% |
| Cash at bank and in hand | 54/58 | €10,690 | €32,689 | +€21,999 | +205.8% |
| Deferred charges and accrued income | 490/1 | €2,898 | €4,893 | +€1,996 | +68.9% |
| Total equity and liabilities | 10/49 | €334,914 | €398,071 | +€63,157 | +18.9% |
| Equity | 10/15 | €41,375 | €42,430 | +€1,055 | +2.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €38,375 | €39,430 | +€1,055 | +2.7% |
| Distributable reserves | 133 | €38,375 | €39,430 | +€1,055 | +2.7% |
| Amounts payable | 17/49 | €293,539 | €355,641 | +€62,102 | +21.2% |
| Amounts payable after more than one year | 17 | €87,087 | €140,463 | +€53,376 | +61.3% |
| Financial debts | 170/4 | €87,087 | €140,463 | +€53,376 | +61.3% |
| Amounts payable within one year | 42/48 | €205,528 | €208,326 | +€2,798 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €29,229 | €49,788 | +€20,559 | +70.3% |
| Trade debts | 44 | €30,943 | €9,519 | -€21,424 | -69.2% |
| Suppliers | 440/4 | €30,943 | €9,519 | -€21,424 | -69.2% |
| Taxes, remuneration and social security | 45 | €24,574 | €8,475 | -€16,099 | -65.5% |
| Taxes | 450/3 | €24,574 | €8,475 | -€16,099 | -65.5% |
| Other amounts payable | 47/48 | €120,782 | €140,544 | +€19,762 | +16.4% |
| Accrued charges and deferred income | 492/3 | €923 | €6,852 | +€5,929 | +642.5% |
| Non-recurring operating income | 76A | €1,408 | €0 | -€1,408 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,048 | €49,731 | +€23,683 | +90.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,715 | €1,800 | -€915 | -33.7% |
| Other operating charges | 640/8 | €3,404 | €5,262 | +€1,858 | +54.6% |
| Gross operating margin | 9900 | €84,918 | €67,102 | -€17,816 | -21.0% |
| Operating profit (loss) | 9901 | €52,751 | €10,308 | -€42,443 | -80.5% |
| Financial income | 75/76B | €73 | €0 | -€73 | -100.0% |
| Recurring financial income | 75 | €73 | €0 | -€73 | -100.0% |
| Financial charges | 65/66B | €2,538 | €8,411 | +€5,873 | +231.4% |
| Recurring financial charges | 65 | €2,538 | €8,411 | +€5,873 | +231.4% |
| Profit (loss) for the period before taxes | 9903 | €50,286 | €1,898 | -€48,388 | -96.2% |
| Income taxes | 67/77 | €11,911 | €843 | -€11,068 | -92.9% |
| Profit (loss) for the period | 9904 | €38,375 | €1,055 | -€37,321 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,375 | €1,055 | -€37,321 | -97.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.