KACZOVET: 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.
KACZOVET
Largest movements
- Cash +€32,849
up €32,849 (+187%), from €17,571 to €50,420
mainly Net result for the year (+€27,040) and Tax, wage and social debts (+€6,004)
- Tangible fixed assets +€2,193
new in 2025: €2,193
- Formation expenses -€624
down €624 (-72.0%), from €867 to €243
- Profit (loss) carried forward +€27,040
up €27,040 (+251%), from €10,779 to €37,818
- Tax, wage and social debts +€6,004
up €6,004 (+152%), from €3,937 to €9,942
- Other debts +€1,249
up €1,249 (+165%), from €758 to €2,007
- Trade debts +€950
up €950 (+73.0%), from €1,301 to €2,251
- Gross operating margin +€20,865
up €20,865 (+144%), from €14,530 to €35,395
- Taxes +€4,209
up €4,209 (+148%), from €2,843 to €7,052
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 | €18,775 | €54,018 | +€35,243 | +188% |
| Formation expenses | 20 | €867 | €243 | -€624 | -72.0% |
| Fixed assets | 21/28 | - | €2,193 | +€2,193 | |
| Tangible fixed assets | 22/27 | - | €2,193 | +€2,193 | |
| Plant, machinery and equipment | 23 | - | €2,193 | +€2,193 | |
| Current assets | 29/58 | €17,908 | €51,582 | +€33,674 | +188% |
| Amounts receivable within one year | 40/41 | - | €478 | +€478 | |
| Trade receivables | 40 | - | €478 | +€478 | |
| Cash at bank and in hand | 54/58 | €17,571 | €50,420 | +€32,849 | +187% |
| Deferred charges and accrued income | 490/1 | €337 | €684 | +€347 | +103% |
| Total equity and liabilities | 10/49 | €18,775 | €54,018 | +€35,243 | +188% |
| Equity | 10/15 | €12,779 | €39,818 | +€27,040 | +212% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,779 | €37,818 | +€27,040 | +251% |
| Amounts payable | 17/49 | €5,997 | €14,200 | +€8,204 | +137% |
| Amounts payable within one year | 42/48 | €5,997 | €14,200 | +€8,204 | +137% |
| Trade debts | 44 | €1,301 | €2,251 | +€950 | +73.0% |
| Suppliers | 440/4 | €1,301 | €2,251 | +€950 | +73.0% |
| Taxes, remuneration and social security | 45 | €3,937 | €9,942 | +€6,004 | +152% |
| Taxes | 450/3 | €3,937 | €9,942 | +€6,004 | +152% |
| Other amounts payable | 47/48 | €758 | €2,007 | +€1,249 | +165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381 | €651 | +€269 | +70.7% |
| Other operating charges | 640/8 | €518 | €548 | +€30 | +5.8% |
| Gross operating margin | 9900 | €14,530 | €35,395 | +€20,865 | +144% |
| Operating profit (loss) | 9901 | €13,630 | €34,196 | +€20,566 | +151% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9 | €104 | +€95 | +1,060% |
| Recurring financial charges | 65 | €9 | €104 | +€95 | +1,060% |
| Profit (loss) for the period before taxes | 9903 | €13,621 | €34,091 | +€20,470 | +150% |
| Income taxes | 67/77 | €2,843 | €7,052 | +€4,209 | +148% |
| Profit (loss) for the period | 9904 | €10,779 | €27,040 | +€16,261 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €10,779 | €27,040 | +€16,261 | +151% |
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 25 October 2026 via checked.be.