KAFFRA: 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.
KAFFRA
Largest movements
- Cash +€147,294
up €147,294 (+60.6%), from €243,081 to €390,376
mainly Net result for the year (+€139,360) and Receivables within one year (+€91,277)
- Receivables within one year -€91,277
down €91,277 (-76.4%), from €119,511 to €28,234
of which Other amounts receivable: -€92,125
- Tangible fixed assets +€4,648
up €4,648 (+19.8%), from €23,532 to €28,180
of which Furniture and vehicles: +€3,787
- Other debts +€37,308
up €37,308 (+829.1%), from €4,500 to €41,808
- Tax, wage and social debts +€18,514
up €18,514 (+53.7%), from €34,478 to €52,992
of which Taxes: +€18,514
- Short-term financial debts +€10,665
up €10,665, from €0 to €10,665
- Current portion of long-term debt -€8,532
down €8,532 (-100.0%), from €8,532 to €0
- Trade debts +€4,989
up €4,989 (+50.5%), from €9,884 to €14,872
- Gross operating margin +€105,694
up €105,694 (+108.5%), from €97,431 to €203,125
- Taxes +€21,363
up €21,363 (+101.6%), from €21,026 to €42,389
- Staff costs +€2,739
up €2,739 (+107.9%), from €2,538 to €5,278
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 | €398,165 | €461,108 | +€62,944 | +15.8% |
| Fixed assets | 21/28 | €23,567 | €28,365 | +€4,798 | +20.4% |
| Tangible fixed assets | 22/27 | €23,532 | €28,180 | +€4,648 | +19.8% |
| Land and buildings | 22 | €949 | €712 | -€237 | -25.0% |
| Plant, machinery and equipment | 23 | €15,909 | €17,007 | +€1,098 | +6.9% |
| Furniture and vehicles | 24 | €6,674 | €10,461 | +€3,787 | +56.7% |
| Financial fixed assets | 28 | €35 | €185 | +€150 | +428.6% |
| Current assets | 29/58 | €374,597 | €432,743 | +€58,146 | +15.5% |
| Stocks and contracts in progress | 3 | €10,016 | €12,232 | +€2,216 | +22.1% |
| Stocks | 30/36 | €10,016 | €12,232 | +€2,216 | +22.1% |
| Amounts receivable within one year | 40/41 | €119,511 | €28,234 | -€91,277 | -76.4% |
| Trade receivables | 40 | €1,387 | €2,235 | +€848 | +61.2% |
| Other amounts receivable | 41 | €118,124 | €25,999 | -€92,125 | -78.0% |
| Cash at bank and in hand | 54/58 | €243,081 | €390,376 | +€147,294 | +60.6% |
| Deferred charges and accrued income | 490/1 | €1,989 | €1,902 | -€87 | -4.4% |
| Total equity and liabilities | 10/49 | €398,165 | €461,108 | +€62,944 | +15.8% |
| Equity | 10/15 | €340,771 | €340,771 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €322,171 | €322,171 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €322,171 | €322,171 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €57,394 | €120,337 | +€62,944 | +109.7% |
| Amounts payable within one year | 42/48 | €57,394 | €120,337 | +€62,944 | +109.7% |
| Current portion of amounts payable after more than one year | 42 | €8,532 | €0 | -€8,532 | -100.0% |
| Financial debts | 43 | €0 | €10,665 | +€10,665 | |
| Credit institutions | 430/8 | €0 | €10,665 | +€10,665 | |
| Trade debts | 44 | €9,884 | €14,872 | +€4,989 | +50.5% |
| Suppliers | 440/4 | €9,884 | €14,872 | +€4,989 | +50.5% |
| Taxes, remuneration and social security | 45 | €34,478 | €52,992 | +€18,514 | +53.7% |
| Taxes | 450/3 | €32,478 | €50,992 | +€18,514 | +57.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €4,500 | €41,808 | +€37,308 | +829.1% |
| Non-recurring operating income | 76A | €12,966 | €0 | -€12,966 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,538 | €5,278 | +€2,739 | +107.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,001 | €9,581 | +€1,580 | +19.8% |
| Other operating charges | 640/8 | €1,665 | €2,069 | +€404 | +24.3% |
| Non-recurring operating charges | 66A | €661 | €0 | -€661 | -100.0% |
| Gross operating margin | 9900 | €97,431 | €203,125 | +€105,694 | +108.5% |
| Operating profit (loss) | 9901 | €84,565 | €186,197 | +€101,632 | +120.2% |
| Financial income | 75/76B | €25 | €465 | +€441 | +1795.3% |
| Recurring financial income | 75 | €25 | €465 | +€441 | +1795.3% |
| Financial charges | 65/66B | €4,236 | €4,914 | +€678 | +16.0% |
| Recurring financial charges | 65 | €4,236 | €4,914 | +€678 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €80,354 | €181,749 | +€101,395 | +126.2% |
| Income taxes | 67/77 | €21,026 | €42,389 | +€21,363 | +101.6% |
| Profit (loss) for the period | 9904 | €59,328 | €139,360 | +€80,032 | +134.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,328 | €139,360 | +€80,032 | +134.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.