KAF TRANS: 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 TRANS
Largest movements
- Receivables within one year +€59,692
up €59,692 (+82.1%), from €72,693 to €132,385
of which Trade receivables: +€58,961
- Cash +€10,872
up €10,872 (+72.7%), from €14,958 to €25,830
mainly Trade debts (+€90,548) and Smaller working-capital items (+€76)
- Trade debts +€90,548
up €90,548 (+342%), from €26,504 to €117,052
- Profit (loss) carried forward -€15,546
down €15,546, from €11,313 to -€4,233
- Other debts -€4,514
no longer reported in 2025 (was €4,514)
- Gross operating margin -€67,433
down €67,433 (-39.6%), from €170,217 to €102,784
- Staff costs -€22,954
down €22,954 (-16.5%), from €138,962 to €116,008
- Other operating charges -€18,354
down €18,354 (-90.4%), from €20,310 to €1,956
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 | €92,981 | €163,548 | +€70,567 | +75.9% |
| Current assets | 29/58 | €92,981 | €163,548 | +€70,567 | +75.9% |
| Amounts receivable within one year | 40/41 | €72,693 | €132,385 | +€59,692 | +82.1% |
| Trade receivables | 40 | €72,693 | €131,654 | +€58,961 | +81.1% |
| Other amounts receivable | 41 | - | €731 | +€731 | |
| Cash at bank and in hand | 54/58 | €14,958 | €25,830 | +€10,872 | +72.7% |
| Deferred charges and accrued income | 490/1 | €5,329 | €5,333 | +€4 | +0.1% |
| Total equity and liabilities | 10/49 | €92,981 | €163,548 | +€70,567 | +75.9% |
| Equity | 10/15 | €31,313 | €15,767 | -€15,546 | -49.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,313 | -€4,233 | -€15,546 | |
| Amounts payable | 17/49 | €61,668 | €147,781 | +€86,113 | +140% |
| Amounts payable within one year | 42/48 | €61,668 | €147,781 | +€86,113 | +140% |
| Trade debts | 44 | €26,504 | €117,052 | +€90,548 | +342% |
| Suppliers | 440/4 | €26,504 | €117,052 | +€90,548 | +342% |
| Taxes, remuneration and social security | 45 | €30,649 | €30,729 | +€80 | +0.3% |
| Taxes | 450/3 | €19,622 | €12,747 | -€6,875 | -35.0% |
| Remuneration and social security | 454/9 | €11,027 | €17,982 | +€6,955 | +63.1% |
| Other amounts payable | 47/48 | €4,514 | - | -€4,514 | |
| Remuneration, social security and pensions | 62 | €138,962 | €116,008 | -€22,954 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €402 | - | -€402 | |
| Other operating charges | 640/8 | €20,310 | €1,956 | -€18,354 | -90.4% |
| Non-recurring operating charges | 66A | - | -€4 | -€4 | |
| Gross operating margin | 9900 | €170,217 | €102,784 | -€67,433 | -39.6% |
| Operating profit (loss) | 9901 | €10,544 | -€15,176 | -€25,720 | |
| Financial charges | 65/66B | €2,033 | €370 | -€1,663 | -81.8% |
| Recurring financial charges | 65 | €2,033 | €370 | -€1,663 | -81.8% |
| Profit (loss) for the period before taxes | 9903 | €8,511 | -€15,546 | -€24,057 | |
| Profit (loss) for the period | 9904 | €8,511 | -€15,546 | -€24,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,511 | -€15,546 | -€24,057 |
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 13 October 2026 via checked.be.