KAGI: 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.
KAGI
Largest movements
- Cash +€19,994
up €19,994 (+153.7%), from €13,005 to €33,000
mainly Net result for the year (+€68,323) and Depreciation (+€12,950)
- Tangible fixed assets -€11,918
down €11,918 (-19.1%), from €62,258 to €50,340
- Profit (loss) carried forward +€68,323
up €68,323 (+91.9%), from -€74,371 to -€6,048
- Other debts -€66,891
down €66,891 (-48.7%), from €137,359 to €70,468
- Tax, wage and social debts +€6,441
up €6,441 (+174.0%), from €3,702 to €10,143
- Short-term financial debts +€1,184
new in 2025: €1,184
- Gross operating margin +€80,521
up €80,521 (+1208.1%), from €6,665 to €87,186
- Depreciation +€12,598
up €12,598 (+3577.4%), from €352 to €12,950
- Taxes +€4,276
up €4,276 (+1350.3%), from €317 to €4,593
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 | €87,658 | €96,207 | +€8,549 | +9.8% |
| Fixed assets | 21/28 | €62,258 | €50,340 | -€11,918 | -19.1% |
| Tangible fixed assets | 22/27 | €62,258 | €50,340 | -€11,918 | -19.1% |
| Furniture and vehicles | 24 | €62,258 | €50,340 | -€11,918 | -19.1% |
| Current assets | 29/58 | €25,400 | €45,867 | +€20,467 | +80.6% |
| Amounts receivable within one year | 40/41 | €12,166 | €12,352 | +€186 | +1.5% |
| Trade receivables | 40 | €12,166 | €12,352 | +€186 | +1.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €13,005 | €33,000 | +€19,994 | +153.7% |
| Deferred charges and accrued income | 490/1 | €229 | €515 | +€286 | +125.2% |
| Total equity and liabilities | 10/49 | €87,658 | €96,207 | +€8,549 | +9.8% |
| Equity | 10/15 | -€53,911 | €14,412 | +€68,323 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,371 | -€6,048 | +€68,323 | +91.9% |
| Amounts payable | 17/49 | €141,569 | €81,795 | -€59,773 | -42.2% |
| Amounts payable within one year | 42/48 | €141,569 | €81,795 | -€59,773 | -42.2% |
| Financial debts | 43 | - | €1,184 | +€1,184 | |
| Credit institutions | 430/8 | - | €1,184 | +€1,184 | |
| Trade debts | 44 | €508 | €0 | -€508 | -100.0% |
| Suppliers | 440/4 | €508 | €0 | -€508 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,702 | €10,143 | +€6,441 | +174.0% |
| Taxes | 450/3 | €3,702 | €10,143 | +€6,441 | +174.0% |
| Other amounts payable | 47/48 | €137,359 | €70,468 | -€66,891 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €352 | €12,950 | +€12,598 | +3577.4% |
| Other operating charges | 640/8 | €936 | €1,239 | +€303 | +32.4% |
| Gross operating margin | 9900 | €6,665 | €87,186 | +€80,521 | +1208.1% |
| Operating profit (loss) | 9901 | €5,377 | €72,997 | +€67,620 | +1257.6% |
| Financial income | 75/76B | €0 | €4 | +€4 | |
| Recurring financial income | 75 | €0 | €4 | +€4 | |
| Financial charges | 65/66B | €175 | €85 | -€90 | -51.4% |
| Recurring financial charges | 65 | €175 | €85 | -€90 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €5,202 | €72,916 | +€67,714 | +1301.6% |
| Income taxes | 67/77 | €317 | €4,593 | +€4,276 | +1350.3% |
| Profit (loss) for the period | 9904 | €4,885 | €68,323 | +€63,437 | +1298.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,885 | €68,323 | +€63,437 | +1298.5% |
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.