KAFIJAMA: 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.
KAFIJAMA
Largest movements
- Tangible fixed assets -€29,575
down €29,575 (-4.3%), from €680,937 to €651,362
of which Land and buildings: -€27,765
- Cash +€8,845
up €8,845 (+359%), from €2,462 to €11,307
mainly Depreciation (+€29,575) and Net result for the year (+€3,910)
- Debts after one year -€29,198
down €29,198 (-8.6%), from €337,758 to €308,561
- Gross operating margin +€6,237
up €6,237 (+12.7%), from €49,045 to €55,282
- Taxes +€1,914
new in 2025: €1,914
- Financial charges -€1,751
down €1,751 (-11.8%), from €14,844 to €13,093
- Depreciation +€1,731
up €1,731 (+6.2%), from €27,843 to €29,575
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 | €685,252 | €663,586 | -€21,667 | -3.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €680,937 | €651,362 | -€29,575 | -4.3% |
| Tangible fixed assets | 22/27 | €680,937 | €651,362 | -€29,575 | -4.3% |
| Land and buildings | 22 | €674,755 | €646,991 | -€27,765 | -4.1% |
| Plant, machinery and equipment | 23 | €5,861 | €4,247 | -€1,614 | -27.5% |
| Furniture and vehicles | 24 | €320 | €124 | -€196 | -61.1% |
| Current assets | 29/58 | €4,316 | €12,224 | +€7,908 | +183% |
| Amounts receivable within one year | 40/41 | €985 | - | -€985 | |
| Trade receivables | 40 | €985 | - | -€985 | |
| Cash at bank and in hand | 54/58 | €2,462 | €11,307 | +€8,845 | +359% |
| Deferred charges and accrued income | 490/1 | €869 | €917 | +€48 | +5.6% |
| Total equity and liabilities | 10/49 | €685,252 | €663,586 | -€21,667 | -3.2% |
| Equity | 10/15 | €187,598 | €191,509 | +€3,910 | +2.1% |
| Contributions | 10/11 | €146,500 | €146,500 | = | 0.0% |
| Capital | 10 | €146,500 | €146,500 | = | 0.0% |
| Issued capital | 100 | €146,500 | €146,500 | = | 0.0% |
| Reserves | 13 | €41,183 | €45,009 | +€3,825 | +9.3% |
| Non-distributable reserves | 130/1 | €14,650 | €14,650 | = | 0.0% |
| Legal reserve | 130 | €14,650 | €14,650 | = | 0.0% |
| Distributable reserves | 133 | €26,533 | €30,359 | +€3,825 | +14.4% |
| Profit (loss) carried forward | 14 | -€85 | - | +€85 | |
| Amounts payable | 17/49 | €497,654 | €472,077 | -€25,577 | -5.1% |
| Amounts payable after more than one year | 17 | €337,758 | €308,561 | -€29,198 | -8.6% |
| Financial debts | 170/4 | €337,758 | €308,561 | -€29,198 | -8.6% |
| Amounts payable within one year | 42/48 | €159,896 | €162,002 | +€2,107 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €30,826 | €33,173 | +€2,347 | +7.6% |
| Trade debts | 44 | €3,040 | €128 | -€2,912 | -95.8% |
| Suppliers | 440/4 | €3,040 | €128 | -€2,912 | -95.8% |
| Advances received on contracts in progress | 46 | €350 | €350 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €1,908 | +€1,908 | |
| Taxes | 450/3 | - | €1,908 | +€1,908 | |
| Other amounts payable | 47/48 | €125,680 | €126,443 | +€763 | +0.6% |
| Accrued charges and deferred income | 492/3 | - | €1,514 | +€1,514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,843 | €29,575 | +€1,731 | +6.2% |
| Other operating charges | 640/8 | €6,500 | €6,809 | +€308 | +4.7% |
| Gross operating margin | 9900 | €49,045 | €55,282 | +€6,237 | +12.7% |
| Operating profit (loss) | 9901 | €14,702 | €18,898 | +€4,197 | +28.5% |
| Financial income | 75/76B | €58 | €19 | -€39 | -67.1% |
| Recurring financial income | 75 | €58 | €19 | -€39 | -67.1% |
| Financial charges | 65/66B | €14,844 | €13,093 | -€1,751 | -11.8% |
| Recurring financial charges | 65 | €14,844 | €13,093 | -€1,751 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€85 | €5,824 | +€5,909 | |
| Income taxes | 67/77 | - | €1,914 | +€1,914 | |
| Profit (loss) for the period | 9904 | -€85 | €3,910 | +€3,995 | |
| Profit (loss) for the period to be appropriated | 9905 | -€85 | €3,910 | +€3,995 |
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.