KAFEI: 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.
KAFEI
Largest movements
- Cash -€70,086
down €70,086 (-8.4%), from €837,110 to €767,024
mainly Contributions, distributions and other (-€36,842) and Net result for the year (-€29,627)
- Receivables within one year -€22,719
down €22,719 (-93.7%), from €24,248 to €1,530
of which Trade receivables: -€24,244
- Tangible fixed assets -€13,705
down €13,705 (-24.7%), from €55,476 to €41,771
of which Furniture and vehicles: -€13,012
- Reserves -€36,842
down €36,842 (-4.5%), from €818,952 to €782,110
of which Distributable reserves: -€36,842
- Profit (loss) carried forward -€29,627
new in 2025: -€29,627
- Tax, wage and social debts -€17,944
down €17,944 (-84.9%), from €21,129 to €3,185
- Other debts -€9,687
down €9,687 (-61.3%), from €15,804 to €6,117
- Debts after one year -€9,241
down €9,241 (-34.0%), from €27,215 to €17,974
- Gross operating margin -€245,112
down €245,112, from €234,043 to -€11,070
- Taxes -€68,276
down €68,276 (-99.4%), from €68,674 to €398
- Financial income -€6,438
down €6,438 (-52.4%), from €12,281 to €5,843
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.
Cash bridge derived
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 | €918,115 | €811,603 | -€106,512 | -11.6% |
| Fixed assets | 21/28 | €55,476 | €41,771 | -€13,705 | -24.7% |
| Tangible fixed assets | 22/27 | €55,476 | €41,771 | -€13,705 | -24.7% |
| Land and buildings | 22 | €5,182 | €4,489 | -€693 | -13.4% |
| Furniture and vehicles | 24 | €50,294 | €37,282 | -€13,012 | -25.9% |
| Current assets | 29/58 | €862,639 | €769,832 | -€92,807 | -10.8% |
| Amounts receivable within one year | 40/41 | €24,248 | €1,530 | -€22,719 | -93.7% |
| Trade receivables | 40 | €24,244 | - | -€24,244 | |
| Other amounts receivable | 41 | €5 | €1,530 | +€1,525 | +32169.2% |
| Cash at bank and in hand | 54/58 | €837,110 | €767,024 | -€70,086 | -8.4% |
| Deferred charges and accrued income | 490/1 | €1,281 | €1,279 | -€2 | -0.2% |
| Total equity and liabilities | 10/49 | €918,115 | €811,603 | -€106,512 | -11.6% |
| Equity | 10/15 | €837,552 | €771,082 | -€66,469 | -7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €818,952 | €782,110 | -€36,842 | -4.5% |
| Tax-exempt reserves | 132 | €219 | €219 | = | 0.0% |
| Distributable reserves | 133 | €818,733 | €781,891 | -€36,842 | -4.5% |
| Profit (loss) carried forward | 14 | - | -€29,627 | -€29,627 | |
| Amounts payable | 17/49 | €80,563 | €40,520 | -€40,043 | -49.7% |
| Amounts payable after more than one year | 17 | €27,215 | €17,974 | -€9,241 | -34.0% |
| Financial debts | 170/4 | €27,215 | €17,974 | -€9,241 | -34.0% |
| Amounts payable within one year | 42/48 | €53,349 | €22,546 | -€30,802 | -57.7% |
| Current portion of amounts payable after more than one year | 42 | €8,864 | €9,241 | +€377 | +4.3% |
| Trade debts | 44 | €7,551 | €4,003 | -€3,548 | -47.0% |
| Suppliers | 440/4 | €7,551 | €4,003 | -€3,548 | -47.0% |
| Taxes, remuneration and social security | 45 | €21,129 | €3,185 | -€17,944 | -84.9% |
| Taxes | 450/3 | €21,129 | €3,185 | -€17,944 | -84.9% |
| Other amounts payable | 47/48 | €15,804 | €6,117 | -€9,687 | -61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,787 | €20,217 | +€1,430 | +7.6% |
| Other operating charges | 640/8 | €1,851 | €2,147 | +€296 | +16.0% |
| Gross operating margin | 9900 | €234,043 | -€11,070 | -€245,112 | |
| Operating profit (loss) | 9901 | €213,405 | -€33,433 | -€246,838 | |
| Financial income | 75/76B | €12,281 | €5,843 | -€6,438 | -52.4% |
| Recurring financial income | 75 | €12,281 | €5,843 | -€6,438 | -52.4% |
| Financial charges | 65/66B | €1,849 | €1,639 | -€210 | -11.4% |
| Recurring financial charges | 65 | €1,849 | €1,639 | -€210 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €223,837 | -€29,229 | -€253,066 | |
| Income taxes | 67/77 | €68,674 | €398 | -€68,276 | -99.4% |
| Profit (loss) for the period | 9904 | €155,163 | -€29,627 | -€184,790 | |
| Profit (loss) for the period to be appropriated | 9905 | €155,163 | -€29,627 | -€184,790 |
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 9 October 2026 via checked.be.