KACELA: 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.
KACELA
Largest movements
- Cash +€64,316
up €64,316 (+44.1%), from €145,959 to €210,274
mainly Net result for the year (+€42,086) and Receivables within one year (+€34,760)
- Receivables within one year -€34,760
down €34,760 (-94.1%), from €36,931 to €2,171
of which Trade receivables: -€34,828
- Tangible fixed assets -€4,749
down €4,749 (-14.7%), from €32,210 to €27,461
of which Furniture and vehicles: -€10,774
- Reserves +€42,086
up €42,086 (+36.1%), from €116,648 to €158,734
of which Distributable reserves: +€42,086
- Other debts -€9,739
down €9,739 (-30.2%), from €32,222 to €22,482
- Debts after one year -€6,272
down €6,272 (-48.8%), from €12,842 to €6,570
- Gross operating margin +€74,638
up €74,638 (+45.7%), from €163,360 to €237,997
- Staff costs +€58,651
up €58,651 (+55.4%), from €105,850 to €164,501
- Taxes +€12,203
up €12,203 (+327%), from €3,735 to €15,938
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 | €217,643 | €242,466 | +€24,822 | +11.4% |
| Fixed assets | 21/28 | €33,895 | €29,146 | -€4,749 | -14.0% |
| Tangible fixed assets | 22/27 | €32,210 | €27,461 | -€4,749 | -14.7% |
| Plant, machinery and equipment | 23 | €336 | €1,062 | +€726 | +216% |
| Furniture and vehicles | 24 | €31,791 | €21,017 | -€10,774 | -33.9% |
| Other tangible fixed assets | 26 | €83 | €5,383 | +€5,299 | +6,354% |
| Financial fixed assets | 28 | €1,685 | €1,685 | = | 0.0% |
| Current assets | 29/58 | €183,748 | €213,320 | +€29,571 | +16.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €36,931 | €2,171 | -€34,760 | -94.1% |
| Trade receivables | 40 | €35,316 | €489 | -€34,828 | -98.6% |
| Other amounts receivable | 41 | €1,615 | €1,683 | +€68 | +4.2% |
| Cash at bank and in hand | 54/58 | €145,959 | €210,274 | +€64,316 | +44.1% |
| Deferred charges and accrued income | 490/1 | €859 | €874 | +€15 | +1.8% |
| Total equity and liabilities | 10/49 | €217,643 | €242,466 | +€24,822 | +11.4% |
| Equity | 10/15 | €122,848 | €164,934 | +€42,086 | +34.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €116,648 | €158,734 | +€42,086 | +36.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €116,648 | €158,734 | +€42,086 | +36.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €94,795 | €77,532 | -€17,263 | -18.2% |
| Amounts payable after more than one year | 17 | €12,842 | €6,570 | -€6,272 | -48.8% |
| Financial debts | 170/4 | €12,842 | €6,570 | -€6,272 | -48.8% |
| Amounts payable within one year | 42/48 | €79,637 | €69,606 | -€10,031 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €5,988 | €6,272 | +€284 | +4.8% |
| Trade debts | 44 | €5,892 | €7,105 | +€1,213 | +20.6% |
| Suppliers | 440/4 | €5,892 | €7,105 | +€1,213 | +20.6% |
| Advances received on contracts in progress | 46 | €20,000 | €17,692 | -€2,308 | -11.5% |
| Taxes, remuneration and social security | 45 | €15,536 | €16,055 | +€519 | +3.3% |
| Taxes | 450/3 | €2,283 | €6,846 | +€4,562 | +200% |
| Remuneration and social security | 454/9 | €13,252 | €9,209 | -€4,043 | -30.5% |
| Other amounts payable | 47/48 | €32,222 | €22,482 | -€9,739 | -30.2% |
| Accrued charges and deferred income | 492/3 | €2,316 | €1,356 | -€960 | -41.5% |
| Remuneration, social security and pensions | 62 | €105,850 | €164,501 | +€58,651 | +55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,963 | €11,684 | -€278 | -2.3% |
| Other operating charges | 640/8 | €912 | €890 | -€22 | -2.4% |
| Gross operating margin | 9900 | €163,360 | €237,997 | +€74,638 | +45.7% |
| Operating profit (loss) | 9901 | €44,635 | €60,923 | +€16,288 | +36.5% |
| Financial income | 75/76B | €230 | €368 | +€138 | +59.9% |
| Recurring financial income | 75 | €230 | €368 | +€138 | +59.9% |
| Financial charges | 65/66B | €5,122 | €3,267 | -€1,854 | -36.2% |
| Recurring financial charges | 65 | €5,122 | €3,267 | -€1,854 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €39,744 | €58,024 | +€18,280 | +46.0% |
| Income taxes | 67/77 | €3,735 | €15,938 | +€12,203 | +327% |
| Profit (loss) for the period | 9904 | €36,008 | €42,086 | +€6,078 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,008 | €42,086 | +€6,078 | +16.9% |
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.