KAGE AUDIO: 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.
KAGE AUDIO
Largest movements
- Tangible fixed assets -€20,102
down €20,102 (-44.7%), from €45,004 to €24,902
- Receivables within one year +€5,196
up €5,196 (+40.2%), from €12,911 to €18,107
of which Trade receivables: +€8,735
- Cash -€1,726
down €1,726 (-25.9%), from €6,657 to €4,931
mainly Current portion of long-term debt (-€8,717) and Receivables within one year (-€5,196)
- Current portion of long-term debt -€8,717
down €8,717 (-39.5%), from €22,094 to €13,377
- Reserves -€4,516
down €4,516 (-22.0%), from €20,528 to €16,012
- Tax, wage and social debts -€3,132
down €3,132 (-60.1%), from €5,207 to €2,075
- Gross operating margin -€49,066
down €49,066 (-70.5%), from €69,636 to €20,570
- Depreciation -€17,846
down €17,846 (-42.0%), from €42,448 to €24,602
- Taxes -€5,203
no longer reported in 2025 (was €5,203)
- Financial charges -€1,727
down €1,727 (-95.4%), from €1,811 to €84
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 | €65,248 | €48,518 | -€16,730 | -25.6% |
| Fixed assets | 21/28 | €45,004 | €24,902 | -€20,102 | -44.7% |
| Tangible fixed assets | 22/27 | €45,004 | €24,902 | -€20,102 | -44.7% |
| Plant, machinery and equipment | 23 | €45,004 | €24,902 | -€20,102 | -44.7% |
| Current assets | 29/58 | €20,244 | €23,616 | +€3,372 | +16.7% |
| Amounts receivable within one year | 40/41 | €12,911 | €18,107 | +€5,196 | +40.2% |
| Trade receivables | 40 | €9,372 | €18,107 | +€8,735 | +93.2% |
| Other amounts receivable | 41 | €3,539 | - | -€3,539 | |
| Cash at bank and in hand | 54/58 | €6,657 | €4,931 | -€1,726 | -25.9% |
| Deferred charges and accrued income | 490/1 | €676 | €578 | -€98 | -14.6% |
| Total equity and liabilities | 10/49 | €65,248 | €48,518 | -€16,730 | -25.6% |
| Equity | 10/15 | €35,528 | €31,012 | -€4,516 | -12.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €20,528 | €16,012 | -€4,516 | -22.0% |
| Distributable reserves | 133 | €20,528 | €16,012 | -€4,516 | -22.0% |
| Amounts payable | 17/49 | €29,720 | €17,506 | -€12,214 | -41.1% |
| Amounts payable within one year | 42/48 | €29,720 | €17,506 | -€12,214 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €22,094 | €13,377 | -€8,717 | -39.5% |
| Trade debts | 44 | €1,144 | €779 | -€365 | -31.9% |
| Suppliers | 440/4 | €1,144 | €779 | -€365 | -31.9% |
| Taxes, remuneration and social security | 45 | €5,207 | €2,075 | -€3,132 | -60.1% |
| Taxes | 450/3 | €5,207 | €2,075 | -€3,132 | -60.1% |
| Other amounts payable | 47/48 | €1,275 | €1,275 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,448 | €24,602 | -€17,846 | -42.0% |
| Other operating charges | 640/8 | €585 | €400 | -€185 | -31.7% |
| Gross operating margin | 9900 | €69,636 | €20,570 | -€49,066 | -70.5% |
| Operating profit (loss) | 9901 | €26,604 | -€4,432 | -€31,035 | |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €1,811 | €84 | -€1,727 | -95.4% |
| Recurring financial charges | 65 | €1,811 | €84 | -€1,727 | -95.4% |
| Profit (loss) for the period before taxes | 9903 | €24,805 | -€4,516 | -€29,320 | |
| Income taxes | 67/77 | €5,203 | - | -€5,203 | |
| Profit (loss) for the period | 9904 | €19,602 | -€4,516 | -€24,118 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,602 | -€4,516 | -€24,118 |
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 20 October 2026 via checked.be.