Kaijù: 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.
Kaijù
Largest movements
- Receivables within one year +€8,225
up €8,225, from €0 to €8,225
of which Trade receivables: +€7,978
- Intangible fixed assets -€4,500
down €4,500 (-19.8%), from €22,684 to €18,184
- Tangible fixed assets +€2,868
up €2,868 (+88.2%), from €3,252 to €6,120
of which Plant, machinery and equipment: +€2,039
- Cash +€1,419
up €1,419 (+11.9%), from €11,959 to €13,377
mainly Depreciation (+€6,608) and Other debts (+€5,731)
- Deferred charges and accrued income -€742
down €742 (-88.4%), from €840 to €98
- Other debts +€5,731
up €5,731 (+64.3%), from €8,910 to €14,641
- Profit (loss) carried forward +€3,470
up €3,470, from -€2,679 to €790
- Tax, wage and social debts -€1,361
down €1,361 (-15.2%), from €8,935 to €7,573
of which Remuneration and social security: -€2,000
- Trade debts -€569
no longer reported in 2025 (was €569)
- Gross operating margin +€5,835
up €5,835 (+123.1%), from €4,740 to €10,575
- Depreciation +€669
up €669 (+11.3%), from €5,938 to €6,608
- Other operating charges +€132
new in 2025: €132
- Financial charges +€113
up €113 (+61.9%), from €182 to €295
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 | €38,735 | €46,005 | +€7,270 | +18.8% |
| Fixed assets | 21/28 | €25,937 | €24,305 | -€1,632 | -6.3% |
| Intangible fixed assets | 21 | €22,684 | €18,184 | -€4,500 | -19.8% |
| Tangible fixed assets | 22/27 | €3,252 | €6,120 | +€2,868 | +88.2% |
| Plant, machinery and equipment | 23 | €671 | €2,710 | +€2,039 | +303.9% |
| Furniture and vehicles | 24 | €2,581 | €3,410 | +€829 | +32.1% |
| Current assets | 29/58 | €12,798 | €21,700 | +€8,902 | +69.6% |
| Amounts receivable within one year | 40/41 | €0 | €8,225 | +€8,225 | |
| Trade receivables | 40 | €0 | €7,978 | +€7,978 | |
| Other amounts receivable | 41 | - | €248 | +€248 | |
| Cash at bank and in hand | 54/58 | €11,959 | €13,377 | +€1,419 | +11.9% |
| Deferred charges and accrued income | 490/1 | €840 | €98 | -€742 | -88.4% |
| Total equity and liabilities | 10/49 | €38,735 | €46,005 | +€7,270 | +18.8% |
| Equity | 10/15 | €20,321 | €23,790 | +€3,470 | +17.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Other | 1319 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,679 | €790 | +€3,470 | |
| Amounts payable | 17/49 | €18,414 | €22,214 | +€3,800 | +20.6% |
| Amounts payable within one year | 42/48 | €18,414 | €22,214 | +€3,800 | +20.6% |
| Trade debts | 44 | €569 | - | -€569 | |
| Suppliers | 440/4 | €569 | - | -€569 | |
| Taxes, remuneration and social security | 45 | €8,935 | €7,573 | -€1,361 | -15.2% |
| Taxes | 450/3 | €4,435 | €5,073 | +€639 | +14.4% |
| Remuneration and social security | 454/9 | €4,500 | €2,500 | -€2,000 | -44.4% |
| Other amounts payable | 47/48 | €8,910 | €14,641 | +€5,731 | +64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,938 | €6,608 | +€669 | +11.3% |
| Other operating charges | 640/8 | - | €132 | +€132 | |
| Gross operating margin | 9900 | €4,740 | €10,575 | +€5,835 | +123.1% |
| Operating profit (loss) | 9901 | -€1,198 | €3,835 | +€5,033 | |
| Financial income | 75/76B | €33 | - | -€33 | |
| Recurring financial income | 75 | €33 | - | -€33 | |
| Financial charges | 65/66B | €182 | €295 | +€113 | +61.9% |
| Recurring financial charges | 65 | €182 | €295 | +€113 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,347 | €3,540 | +€4,887 | |
| Income taxes | 67/77 | -€26 | €70 | +€96 | |
| Profit (loss) for the period | 9904 | -€1,322 | €3,470 | +€4,791 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,322 | €3,470 | +€4,791 |
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 4 October 2026 via checked.be.