KABU Projects: what changed
Two financial 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.
KABU Projects
Largest movements
- Receivables within one year +€8,774
up €8,774 (+969%), from €906 to €9,680
of which Trade receivables: +€9,590
- Cash +€8,445
up €8,445 (+30.8%), from €27,421 to €35,866
mainly Other debts (+€30,669) and Tax, wage and social debts (+€11,454)
- Tangible fixed assets +€5,132
new in 2025: €5,132
- Reserves -€38,306
down €38,306 (-98.0%), from €39,088 to €783
- Other debts +€30,669
up €30,669 (+520%), from €5,893 to €36,562
- Profit (loss) carried forward +€17,676
up €17,676, from -€17,676 to €0
- Tax, wage and social debts +€11,454
new in 2025: €11,454
of which Remuneration and social security: +€6,930
- Trade debts +€1,293
up €1,293 (+1,508%), from €86 to €1,379
- Gross operating margin +€26,234
up €26,234, from -€17,492 to €8,743
- Other operating charges +€627
up €627, from €0 to €627
- Depreciation +€519
up €519, from €0 to €519
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.
Derived cash bridge
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 | €28,327 | €50,678 | +€22,351 | +78.9% |
| Fixed assets | 21/28 | - | €5,132 | +€5,132 | |
| Tangible fixed assets | 22/27 | - | €5,132 | +€5,132 | |
| Furniture and vehicles | 24 | - | €5,132 | +€5,132 | |
| Current assets | 29/58 | €28,327 | €45,546 | +€17,219 | +60.8% |
| Amounts receivable within one year | 40/41 | €906 | €9,680 | +€8,774 | +969% |
| Trade receivables | 40 | €90 | €9,680 | +€9,590 | +10,612% |
| Other amounts receivable | 41 | €815 | €0 | -€815 | -100% |
| Cash at bank and in hand | 54/58 | €27,421 | €35,866 | +€8,445 | +30.8% |
| Total equity and liabilities | 10/49 | €28,327 | €50,678 | +€22,351 | +78.9% |
| Equity | 10/15 | €21,912 | €1,283 | -€20,630 | -94.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €39,088 | €783 | -€38,306 | -98.0% |
| Distributable reserves | 133 | €39,088 | €783 | -€38,306 | -98.0% |
| Profit (loss) carried forward | 14 | -€17,676 | €0 | +€17,676 | |
| Amounts payable | 17/49 | €6,415 | €49,395 | +€42,981 | +670% |
| Amounts payable within one year | 42/48 | €5,979 | €49,395 | +€43,417 | +726% |
| Trade debts | 44 | €86 | €1,379 | +€1,293 | +1,508% |
| Suppliers | 440/4 | €86 | €1,379 | +€1,293 | +1,508% |
| Taxes, remuneration and social security | 45 | - | €11,454 | +€11,454 | |
| Taxes | 450/3 | - | €4,524 | +€4,524 | |
| Remuneration and social security | 454/9 | - | €6,930 | +€6,930 | |
| Other amounts payable | 47/48 | €5,893 | €36,562 | +€30,669 | +520% |
| Accrued charges and deferred income | 492/3 | €436 | €0 | -€436 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €519 | +€519 | |
| Other operating charges | 640/8 | €0 | €627 | +€627 | |
| Gross operating margin | 9900 | -€17,492 | €8,743 | +€26,234 | |
| Operating profit (loss) | 9901 | -€17,492 | €7,597 | +€25,089 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €184 | €228 | +€43 | +23.4% |
| Recurring financial charges | 65 | €184 | €228 | +€43 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,676 | €7,370 | +€25,046 | |
| Profit (loss) for the period | 9904 | -€17,676 | €7,370 | +€25,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,676 | €7,370 | +€25,046 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.