KAFE: what changed
Two fiscal 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.
KAFE
Largest movements
- Stocks and contracts -€55,766
down €55,766 (-38.7%), from €144,088 to €88,322
- Receivables within one year +€49,643
up €49,643 (+485.5%), from €10,225 to €59,869
of which Trade receivables: +€40,432
- Cash -€3,174
down €3,174 (-32.7%), from €9,706 to €6,531
mainly Receivables within one year (-€49,643) and Tax, wage and social debts (-€42,391)
- Trade debts +€48,170
up €48,170 (+136.7%), from €35,239 to €83,409
- Tax, wage and social debts -€42,391
down €42,391 (-49.2%), from €86,236 to €43,845
of which Taxes: -€36,241
- Profit (loss) carried forward -€13,355
down €13,355 (-3902.0%), from -€342 to -€13,698
- Gross operating margin -€21,076
down €21,076, from €19,700 to -€1,376
- Financial charges -€7,286
down €7,286 (-47.5%), from €15,339 to €8,053
- Taxes +€1,311
up €1,311, from -€1,153 to €157
- Depreciation -€1,199
no longer reported in 2024 (was €1,199)
- Other operating charges -€677
down €677 (-38.3%), from €1,768 to €1,091
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,619 | €156,322 | -€9,297 | -5.6% |
| Fixed assets | 21/28 | €1,600 | €1,600 | = | 0.0% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €164,019 | €154,722 | -€9,297 | -5.7% |
| Stocks and contracts in progress | 3 | €144,088 | €88,322 | -€55,766 | -38.7% |
| Stocks | 30/36 | €144,088 | €88,322 | -€55,766 | -38.7% |
| Amounts receivable within one year | 40/41 | €10,225 | €59,869 | +€49,643 | +485.5% |
| Trade receivables | 40 | €10,225 | €50,657 | +€40,432 | +395.4% |
| Other amounts receivable | 41 | - | €9,211 | +€9,211 | |
| Cash at bank and in hand | 54/58 | €9,706 | €6,531 | -€3,174 | -32.7% |
| Total equity and liabilities | 10/49 | €165,619 | €156,322 | -€9,297 | -5.6% |
| Equity | 10/15 | €28,151 | €14,795 | -€13,355 | -47.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,893 | €9,893 | = | 0.0% |
| Non-distributable reserves | 130/1 | €270 | - | -€270 | |
| Reserves not available under the articles | 1311 | €270 | - | -€270 | |
| Distributable reserves | 133 | €9,623 | €9,893 | +€270 | +2.8% |
| Profit (loss) carried forward | 14 | -€342 | -€13,698 | -€13,355 | -3902.0% |
| Amounts payable | 17/49 | €137,468 | €141,527 | +€4,059 | +3.0% |
| Amounts payable after more than one year | 17 | €413 | - | -€413 | |
| Financial debts | 170/4 | €413 | - | -€413 | |
| Amounts payable within one year | 42/48 | €137,054 | €141,527 | +€4,473 | +3.3% |
| Financial debts | 43 | €10,579 | €9,273 | -€1,307 | -12.3% |
| Credit institutions | 430/8 | €10,579 | €9,273 | -€1,307 | -12.3% |
| Trade debts | 44 | €35,239 | €83,409 | +€48,170 | +136.7% |
| Suppliers | 440/4 | €35,239 | €83,409 | +€48,170 | +136.7% |
| Taxes, remuneration and social security | 45 | €86,236 | €43,845 | -€42,391 | -49.2% |
| Taxes | 450/3 | €67,146 | €30,905 | -€36,241 | -54.0% |
| Remuneration and social security | 454/9 | €19,090 | €12,940 | -€6,150 | -32.2% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Remuneration, social security and pensions | 62 | €3,263 | €2,808 | -€455 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,199 | - | -€1,199 | |
| Other operating charges | 640/8 | €1,768 | €1,091 | -€677 | -38.3% |
| Gross operating margin | 9900 | €19,700 | -€1,376 | -€21,076 | |
| Operating profit (loss) | 9901 | €13,469 | -€5,276 | -€18,745 | |
| Financial income | 75/76B | €374 | €130 | -€243 | -65.2% |
| Recurring financial income | 75 | €1 | €130 | +€129 | +13742.6% |
| Non-recurring financial income | 76B | €373 | - | -€373 | |
| Financial charges | 65/66B | €15,339 | €8,053 | -€7,286 | -47.5% |
| Recurring financial charges | 65 | €15,339 | €8,053 | -€7,286 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,496 | -€13,198 | -€11,703 | -782.4% |
| Income taxes | 67/77 | -€1,153 | €157 | +€1,311 | |
| Profit (loss) for the period | 9904 | -€342 | -€13,355 | -€13,013 | -3802.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€342 | -€13,355 | -€13,013 | -3802.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.