KaCé Projects: 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.
What changed
KaCé Projects
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€38,532
2024 · €30,004+€8,528
Equity
€78,957
2024 · €58,424+€20,532
Cash
€8,620
2024 · €0+€8,620
Balance sheet total
€415,235
2024 · €406,242+€8,993
Largest movements
Assets
- Cash +€8,620
up €8,620, from €0 to €8,620
mainly Net result for the year (+€38,532) and Depreciation (+€12,745)
Equity and liabilities
- Profit (loss) carried forward +€20,532
up €20,532 (+39.2%), from €52,424 to €72,957
- Debts after one year -€17,828
down €17,828 (-6.2%), from €289,647 to €271,819
- Tax, wage and social debts +€9,197
up €9,197 (+272.9%), from €3,371 to €12,568
Income statement
- Gross operating margin +€16,231
up €16,231 (+24.9%), from €65,084 to €81,315
- Taxes +€5,782
up €5,782 (+74.1%), from €7,803 to €13,585
- Financial charges +€1,417
up €1,417 (+9.9%), from €14,360 to €15,776
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.
Result 2024
€30,004
Gross operating margin
+€16,231
Depreciation
-€626
Other operating charges
+€37
Financial income
+€85
Financial charges
-€1,417
Taxes
-€5,782
Result 2025
€38,532
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.
From operations
+€58,379
Investment
-€12,631
Financing
-€37,128
Cash 2024
€0
From operations (derived)
+€58,379
Net result for the year
+€38,532
Depreciation
+€12,745
Stocks and contracts
+€1,403
Receivables within one year
-€2,487
Deferred charges and accrued income
+€597
Trade debts
-€3,623
Tax, wage and social debts
+€9,197
Other debts
+€534
Accrued charges and deferred income
+€1,480
Investment (derived)
-€12,631
Investment in fixed assets (net)
-€12,631
Financing
-€37,128
Debts after one year
-€17,828
Current portion of long-term debt
+€2,636
Short-term financial debts
-€3,936
Contributions, distributions and other
-€18,000
Cash 2025
€8,620
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,242 | €415,235 | +€8,993 | +2.2% |
| Fixed assets | 21/28 | €368,387 | €368,273 | -€114 | 0.0% |
| Tangible fixed assets | 22/27 | €302,708 | €302,594 | -€114 | 0.0% |
| Land and buildings | 22 | €299,850 | €296,130 | -€3,720 | -1.2% |
| Plant, machinery and equipment | 23 | €1,736 | €1,522 | -€214 | -12.3% |
| Furniture and vehicles | 24 | €1,122 | €4,942 | +€3,820 | +340.3% |
| Financial fixed assets | 28 | €65,679 | €65,679 | = | 0.0% |
| Current assets | 29/58 | €37,855 | €46,961 | +€9,106 | +24.1% |
| Stocks and contracts in progress | 3 | €7,726 | €6,323 | -€1,403 | -18.2% |
| Stocks | 30/36 | €7,726 | €6,323 | -€1,403 | -18.2% |
| Amounts receivable within one year | 40/41 | €25,881 | €28,368 | +€2,487 | +9.6% |
| Trade receivables | 40 | €22,881 | €28,368 | +€5,487 | +24.0% |
| Other amounts receivable | 41 | €3,000 | €0 | -€3,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €0 | €8,620 | +€8,620 | |
| Deferred charges and accrued income | 490/1 | €4,248 | €3,650 | -€597 | -14.1% |
| Total equity and liabilities | 10/49 | €406,242 | €415,235 | +€8,993 | +2.2% |
| Equity | 10/15 | €58,424 | €78,957 | +€20,532 | +35.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,424 | €72,957 | +€20,532 | +39.2% |
| Amounts payable | 17/49 | €347,818 | €336,278 | -€11,540 | -3.3% |
| Amounts payable after more than one year | 17 | €289,647 | €271,819 | -€17,828 | -6.2% |
| Financial debts | 170/4 | €289,647 | €271,819 | -€17,828 | -6.2% |
| Amounts payable within one year | 42/48 | €58,171 | €62,979 | +€4,808 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €19,820 | €22,455 | +€2,636 | +13.3% |
| Financial debts | 43 | €3,936 | €0 | -€3,936 | -100.0% |
| Credit institutions | 430/8 | €3,936 | €0 | -€3,936 | -100.0% |
| Trade debts | 44 | €7,505 | €3,882 | -€3,623 | -48.3% |
| Suppliers | 440/4 | €7,505 | €3,882 | -€3,623 | -48.3% |
| Taxes, remuneration and social security | 45 | €3,371 | €12,568 | +€9,197 | +272.9% |
| Taxes | 450/3 | €3,371 | €12,568 | +€9,197 | +272.9% |
| Other amounts payable | 47/48 | €23,539 | €24,073 | +€534 | +2.3% |
| Accrued charges and deferred income | 492/3 | €0 | €1,480 | +€1,480 | |
| Non-recurring operating income | 76A | - | €17,067 | +€17,067 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,118 | €12,745 | +€626 | +5.2% |
| Other operating charges | 640/8 | €799 | €762 | -€37 | -4.6% |
| Gross operating margin | 9900 | €65,084 | €81,315 | +€16,231 | +24.9% |
| Operating profit (loss) | 9901 | €52,167 | €67,808 | +€15,642 | +30.0% |
| Financial income | 75/76B | €0 | €85 | +€85 | +846700.0% |
| Recurring financial income | 75 | €0 | €85 | +€85 | +846700.0% |
| Financial charges | 65/66B | €14,360 | €15,776 | +€1,417 | +9.9% |
| Recurring financial charges | 65 | €14,360 | €15,776 | +€1,417 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €37,807 | €52,117 | +€14,310 | +37.8% |
| Income taxes | 67/77 | €7,803 | €13,585 | +€5,782 | +74.1% |
| Profit (loss) for the period | 9904 | €30,004 | €38,532 | +€8,528 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,004 | €38,532 | +€8,528 | +28.4% |
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.