KAIKAKU: 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.
KAIKAKU
Largest movements
- Receivables within one year -€11,986
down €11,986 (-37.7%), from €31,821 to €19,835
- Reserves -€52,718
down €52,718 (-28.8%), from €182,768 to €130,050
- Other debts +€24,478
up €24,478 (+40.0%), from €61,237 to €85,715
- Profit (loss) carried forward +€16,971
no longer reported in 2025 (was -€16,971)
- Gross operating margin +€81,753
up €81,753, from -€12,182 to €69,571
- Taxes +€15,547
up €15,547 (+8,415%), from €185 to €15,732
- Depreciation +€1,690
up €1,690 (+29.5%), from €5,736 to €7,426
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 | €242,813 | €233,644 | -€9,169 | -3.8% |
| Fixed assets | 21/28 | €27,976 | €28,489 | +€513 | +1.8% |
| Tangible fixed assets | 22/27 | €27,976 | €28,489 | +€513 | +1.8% |
| Land and buildings | 22 | €7,729 | €6,742 | -€987 | -12.8% |
| Plant, machinery and equipment | 23 | €8,478 | €13,794 | +€5,317 | +62.7% |
| Furniture and vehicles | 24 | €11,770 | €7,953 | -€3,817 | -32.4% |
| Current assets | 29/58 | €214,837 | €205,155 | -€9,682 | -4.5% |
| Amounts receivable within one year | 40/41 | €31,821 | €19,835 | -€11,986 | -37.7% |
| Other amounts receivable | 41 | €31,821 | €19,835 | -€11,986 | -37.7% |
| Cash at bank and in hand | 54/58 | €183,016 | €184,749 | +€1,733 | +0.9% |
| Deferred charges and accrued income | 490/1 | - | €571 | +€571 | |
| Total equity and liabilities | 10/49 | €242,813 | €233,644 | -€9,169 | -3.8% |
| Equity | 10/15 | €178,197 | €142,450 | -€35,747 | -20.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €182,768 | €130,050 | -€52,718 | -28.8% |
| Distributable reserves | 133 | €182,768 | €130,050 | -€52,718 | -28.8% |
| Profit (loss) carried forward | 14 | -€16,971 | - | +€16,971 | |
| Amounts payable | 17/49 | €64,617 | €91,194 | +€26,577 | +41.1% |
| Amounts payable within one year | 42/48 | €64,617 | €91,194 | +€26,577 | +41.1% |
| Trade debts | 44 | €141 | €553 | +€413 | +294% |
| Suppliers | 440/4 | €141 | €553 | +€413 | +294% |
| Taxes, remuneration and social security | 45 | €3,239 | €4,926 | +€1,687 | +52.1% |
| Taxes | 450/3 | €2,871 | €4,156 | +€1,285 | +44.7% |
| Remuneration and social security | 454/9 | €368 | €770 | +€402 | +109% |
| Other amounts payable | 47/48 | €61,237 | €85,715 | +€24,478 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,736 | €7,426 | +€1,690 | +29.5% |
| Other operating charges | 640/8 | €676 | €635 | -€40 | -5.9% |
| Gross operating margin | 9900 | -€12,182 | €69,571 | +€81,753 | |
| Operating profit (loss) | 9901 | -€18,594 | €61,510 | +€80,104 | |
| Financial income | 75/76B | €1,910 | €1,695 | -€215 | -11.3% |
| Recurring financial income | 75 | €1,910 | €1,695 | -€215 | -11.3% |
| Financial charges | 65/66B | €102 | €105 | +€3 | +2.9% |
| Recurring financial charges | 65 | €102 | €105 | +€3 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,786 | €63,100 | +€79,886 | |
| Income taxes | 67/77 | €185 | €15,732 | +€15,547 | +8,415% |
| Profit (loss) for the period | 9904 | -€16,971 | €47,368 | +€64,339 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,971 | €47,368 | +€64,339 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.