KAF IMPEX: 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.
KAF IMPEX
Largest movements
- Receivables within one year +€6,533
up €6,533 (+40.4%), from €16,182 to €22,714
of which Trade receivables: +€3,359
- Stocks and contracts -€3,594
no longer reported in 2025 (was €3,594)
- Tangible fixed assets +€574
up €574, from €0 to €574
of which Plant, machinery and equipment: +€574
- Profit (loss) carried forward +€11,496
up €11,496 (+15.1%), from -€76,235 to -€64,738
- Current portion of long-term debt -€7,972
no longer reported in 2025 (was €7,972)
- Other debts +€5,486
up €5,486 (+10.0%), from €54,627 to €60,114
- Trade debts -€4,266
down €4,266 (-37.9%), from €11,269 to €7,003
- Tax, wage and social debts -€1,105
down €1,105 (-36.5%), from €3,026 to €1,921
of which Taxes: -€597
- Gross operating margin +€58,466
up €58,466, from -€39,560 to €18,906
- Write-downs +€3,594
new in 2025: €3,594
- Financial charges +€1,944
up €1,944 (+1,589%), from €122 to €2,066
- Other operating charges +€966
up €966 (+136%), from €708 to €1,674
- Staff costs -€645
no longer reported in 2025 (was €645)
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 | €19,776 | €23,415 | +€3,639 | +18.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €0 | €574 | +€574 | |
| Tangible fixed assets | 22/27 | €0 | €574 | +€574 | |
| Plant, machinery and equipment | 23 | - | €574 | +€574 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €19,776 | €22,841 | +€3,066 | +15.5% |
| Stocks and contracts in progress | 3 | €3,594 | - | -€3,594 | |
| Stocks | 30/36 | €3,594 | - | -€3,594 | |
| Amounts receivable within one year | 40/41 | €16,182 | €22,714 | +€6,533 | +40.4% |
| Trade receivables | 40 | €29 | €3,388 | +€3,359 | +11,651% |
| Other amounts receivable | 41 | €16,153 | €19,327 | +€3,174 | +19.6% |
| Cash at bank and in hand | 54/58 | - | €127 | +€127 | |
| Total equity and liabilities | 10/49 | €19,776 | €23,415 | +€3,639 | +18.4% |
| Equity | 10/15 | -€57,235 | -€45,738 | +€11,496 | +20.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,235 | -€64,738 | +€11,496 | +15.1% |
| Amounts payable | 17/49 | €77,010 | €69,153 | -€7,857 | -10.2% |
| Amounts payable within one year | 42/48 | €77,010 | €69,153 | -€7,857 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €7,972 | - | -€7,972 | |
| Financial debts | 43 | €116 | €116 | = | 0.0% |
| Credit institutions | 430/8 | €116 | €116 | = | 0.0% |
| Trade debts | 44 | €11,269 | €7,003 | -€4,266 | -37.9% |
| Suppliers | 440/4 | €11,269 | €7,003 | -€4,266 | -37.9% |
| Taxes, remuneration and social security | 45 | €3,026 | €1,921 | -€1,105 | -36.5% |
| Taxes | 450/3 | €2,518 | €1,921 | -€597 | -23.7% |
| Remuneration and social security | 454/9 | €508 | - | -€508 | |
| Other amounts payable | 47/48 | €54,627 | €60,114 | +€5,486 | +10.0% |
| Remuneration, social security and pensions | 62 | €645 | - | -€645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €656 | €76 | -€580 | -88.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,594 | +€3,594 | |
| Other operating charges | 640/8 | €708 | €1,674 | +€966 | +136% |
| Gross operating margin | 9900 | -€39,560 | €18,906 | +€58,466 | |
| Operating profit (loss) | 9901 | -€41,569 | €13,562 | +€55,131 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €122 | €2,066 | +€1,944 | +1,589% |
| Recurring financial charges | 65 | €122 | €2,066 | +€1,944 | +1,589% |
| Profit (loss) for the period before taxes | 9903 | -€41,690 | €11,496 | +€53,186 | |
| Profit (loss) for the period | 9904 | -€41,690 | €11,496 | +€53,186 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,690 | €11,496 | +€53,186 |
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 17 October 2026 via checked.be.