Kacen Development Consulting: 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.
Kacen Development Consulting
Largest movements
- Cash +€232,731
up €232,731 (+704%), from €33,060 to €265,791
mainly Current investments (+€150,000) and Other debts (+€77,428)
- Current investments -€150,000
down €150,000 (-100%), from €150,000 to €0
- Other debts +€77,428
up €77,428 (+483%), from €16,035 to €93,463
- Accrued charges and deferred income +€14,769
up €14,769 (+44,339%), from €33 to €14,803
- Tax, wage and social debts -€5,382
down €5,382 (-37.5%), from €14,358 to €8,976
of which Taxes: -€3,733
- Gross operating margin +€38,107
up €38,107 (+68.3%), from €55,786 to €93,892
- Taxes +€7,164
up €7,164 (+39.2%), from €18,291 to €25,455
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 | €202,016 | €286,232 | +€84,216 | +41.7% |
| Fixed assets | 21/28 | €121 | €990 | +€869 | +717% |
| Tangible fixed assets | 22/27 | €91 | €800 | +€709 | +778% |
| Furniture and vehicles | 24 | €91 | €800 | +€709 | +778% |
| Financial fixed assets | 28 | €30 | €190 | +€160 | +533% |
| Current assets | 29/58 | €201,895 | €285,242 | +€83,347 | +41.3% |
| Amounts receivable within one year | 40/41 | €18,835 | €18,883 | +€48 | +0.3% |
| Trade receivables | 40 | €18,835 | €18,883 | +€48 | +0.3% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100% |
| Cash at bank and in hand | 54/58 | €33,060 | €265,791 | +€232,731 | +704% |
| Deferred charges and accrued income | 490/1 | €0 | €568 | +€568 | |
| Total equity and liabilities | 10/49 | €202,016 | €286,232 | +€84,216 | +41.7% |
| Equity | 10/15 | €166,569 | €166,569 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €163,569 | €163,569 | = | 0.0% |
| Distributable reserves | 133 | €163,569 | €163,569 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €35,447 | €119,663 | +€84,216 | +238% |
| Amounts payable within one year | 42/48 | €35,414 | €104,860 | +€69,447 | +196% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,021 | €2,422 | -€2,599 | -51.8% |
| Suppliers | 440/4 | €5,021 | €2,422 | -€2,599 | -51.8% |
| Taxes, remuneration and social security | 45 | €14,358 | €8,976 | -€5,382 | -37.5% |
| Taxes | 450/3 | €12,708 | €8,976 | -€3,733 | -29.4% |
| Remuneration and social security | 454/9 | €1,650 | €0 | -€1,650 | -100% |
| Other amounts payable | 47/48 | €16,035 | €93,463 | +€77,428 | +483% |
| Accrued charges and deferred income | 492/3 | €33 | €14,803 | +€14,769 | +44,339% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358 | €188 | -€171 | -47.6% |
| Other operating charges | 640/8 | €899 | €1,128 | +€230 | +25.5% |
| Gross operating margin | 9900 | €55,786 | €93,892 | +€38,107 | +68.3% |
| Operating profit (loss) | 9901 | €54,529 | €92,576 | +€38,048 | +69.8% |
| Financial income | 75/76B | €4,474 | €5,100 | +€626 | +14.0% |
| Recurring financial income | 75 | €4,474 | €5,100 | +€626 | +14.0% |
| Financial charges | 65/66B | €150 | €75 | -€75 | -49.9% |
| Recurring financial charges | 65 | €150 | €75 | -€75 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €58,852 | €97,601 | +€38,749 | +65.8% |
| Income taxes | 67/77 | €18,291 | €25,455 | +€7,164 | +39.2% |
| Profit (loss) for the period | 9904 | €40,561 | €72,146 | +€31,585 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,561 | €72,146 | +€31,585 | +77.9% |
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 16 October 2026 via checked.be.