KAFITO: 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.
KAFITO
Largest movements
- Tangible fixed assets -€1,590
down €1,590 (-38.2%), from €4,159 to €2,568
of which Plant, machinery and equipment: -€915
- Financial fixed assets +€212
up €212 (+5.2%), from €4,064 to €4,276
- Receivables within one year +€207
new in 2025: €207
- Profit (loss) carried forward +€11,663
up €11,663 (+23.6%), from -€49,444 to -€37,781
- Trade debts -€9,301
down €9,301 (-77.9%), from €11,938 to €2,637
- Tax, wage and social debts +€4,072
new in 2025: €4,072
of which Taxes: +€3,813
- Current portion of long-term debt -€3,047
down €3,047 (-20.2%), from €15,105 to €12,058
- Accrued charges and deferred income -€2,715
no longer reported in 2025 (was €2,715)
- Gross operating margin +€12,197
up €12,197 (+114.6%), from €10,640 to €22,837
- Staff costs +€7,779
up €7,779 (+24144.6%), from €32 to €7,812
- Other operating charges -€1,222
down €1,222 (-70.9%), from €1,724 to €502
- Financial charges -€574
down €574 (-31.1%), from €1,848 to €1,274
of which Financial charges: -€598
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,202 | €11,031 | -€1,172 | -9.6% |
| Fixed assets | 21/28 | €8,222 | €6,844 | -€1,379 | -16.8% |
| Tangible fixed assets | 22/27 | €4,159 | €2,568 | -€1,590 | -38.2% |
| Plant, machinery and equipment | 23 | €3,201 | €2,287 | -€915 | -28.6% |
| Furniture and vehicles | 24 | €957 | €282 | -€676 | -70.6% |
| Financial fixed assets | 28 | €4,064 | €4,276 | +€212 | +5.2% |
| Current assets | 29/58 | €3,980 | €4,187 | +€207 | +5.2% |
| Stocks and contracts in progress | 3 | €3,980 | €3,980 | = | 0.0% |
| Stocks | 30/36 | €3,980 | €3,980 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €207 | +€207 | |
| Trade receivables | 40 | - | €207 | +€207 | |
| Total equity and liabilities | 10/49 | €12,202 | €11,031 | -€1,172 | -9.6% |
| Equity | 10/15 | -€39,444 | -€27,781 | +€11,663 | +29.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,444 | -€37,781 | +€11,663 | +23.6% |
| Amounts payable | 17/49 | €51,646 | €38,812 | -€12,834 | -24.9% |
| Amounts payable within one year | 42/48 | €48,931 | €38,812 | -€10,120 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €15,105 | €12,058 | -€3,047 | -20.2% |
| Financial debts | 43 | €4,529 | €2,459 | -€2,070 | -45.7% |
| Credit institutions | 430/8 | €4,529 | €2,459 | -€2,070 | -45.7% |
| Trade debts | 44 | €11,938 | €2,637 | -€9,301 | -77.9% |
| Suppliers | 440/4 | €11,938 | €2,637 | -€9,301 | -77.9% |
| Taxes, remuneration and social security | 45 | - | €4,072 | +€4,072 | |
| Taxes | 450/3 | - | €3,813 | +€3,813 | |
| Remuneration and social security | 454/9 | - | €259 | +€259 | |
| Other amounts payable | 47/48 | €17,359 | €17,585 | +€226 | +1.3% |
| Accrued charges and deferred income | 492/3 | €2,715 | - | -€2,715 | |
| Remuneration, social security and pensions | 62 | €32 | €7,812 | +€7,779 | +24144.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,590 | €1,590 | = | 0.0% |
| Other operating charges | 640/8 | €1,724 | €502 | -€1,222 | -70.9% |
| Gross operating margin | 9900 | €10,640 | €22,837 | +€12,197 | +114.6% |
| Operating profit (loss) | 9901 | €7,294 | €12,933 | +€5,639 | +77.3% |
| Financial income | 75/76B | €1 | €3 | +€2 | +217.8% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +217.8% |
| Financial charges | 65/66B | €1,848 | €1,274 | -€574 | -31.1% |
| Recurring financial charges | 65 | €1,848 | €1,250 | -€598 | -32.3% |
| Non-recurring financial charges | 66B | - | €24 | +€24 | |
| Profit (loss) for the period before taxes | 9903 | €5,447 | €11,663 | +€6,216 | +114.1% |
| Profit (loss) for the period | 9904 | €5,447 | €11,663 | +€6,216 | +114.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,447 | €11,663 | +€6,216 | +114.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.