KAIROS: 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.
KAIROS
Largest movements
- Receivables within one year -€139,926
down €139,926 (-83.8%), from €166,970 to €27,044
of which Other amounts receivable: -€97,583
- Tangible fixed assets +€109,770
up €109,770 (+55.6%), from €197,346 to €307,116
of which Land and buildings: +€117,991
- Receivables after one year +€32,968
new in 2025: €32,968
- Trade debts -€20,515
down €20,515 (-53.5%), from €38,358 to €17,843
- Other debts +€15,156
up €15,156 (+110%), from €13,820 to €28,976
- Current portion of long-term debt +€10,085
up €10,085 (+71.3%), from €14,148 to €24,233
- Profit (loss) carried forward +€7,758
new in 2025: €7,758
- Tax, wage and social debts -€4,611
down €4,611 (-24.1%), from €19,173 to €14,562
- Depreciation +€5,150
up €5,150 (+47.8%), from €10,776 to €15,926
- Gross operating margin +€3,898
up €3,898 (+11.5%), from €33,973 to €37,871
- Financial charges +€1,295
up €1,295 (+17.6%), from €7,373 to €8,669
of which Financial charges: +€1,295
- Other operating charges +€670
up €670 (+51.2%), from €1,309 to €1,979
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 | €377,542 | €380,114 | +€2,572 | +0.7% |
| Fixed assets | 21/28 | €197,346 | €307,116 | +€109,770 | +55.6% |
| Tangible fixed assets | 22/27 | €197,346 | €307,116 | +€109,770 | +55.6% |
| Land and buildings | 22 | €166,183 | €284,175 | +€117,991 | +71.0% |
| Plant, machinery and equipment | 23 | €1,448 | €530 | -€918 | -63.4% |
| Furniture and vehicles | 24 | €29,715 | €22,411 | -€7,304 | -24.6% |
| Current assets | 29/58 | €180,196 | €72,998 | -€107,197 | -59.5% |
| Amounts receivable after more than one year | 29 | - | €32,968 | +€32,968 | |
| Other amounts receivable | 291 | - | €32,968 | +€32,968 | |
| Stocks and contracts in progress | 3 | €10,174 | €12,000 | +€1,826 | +17.9% |
| Stocks | 30/36 | €10,174 | €12,000 | +€1,826 | +17.9% |
| Amounts receivable within one year | 40/41 | €166,970 | €27,044 | -€139,926 | -83.8% |
| Trade receivables | 40 | €69,387 | €27,044 | -€42,343 | -61.0% |
| Other amounts receivable | 41 | €97,583 | €0 | -€97,583 | -100% |
| Cash at bank and in hand | 54/58 | €2,313 | €986 | -€1,327 | -57.4% |
| Deferred charges and accrued income | 490/1 | €739 | €0 | -€739 | -100% |
| Total equity and liabilities | 10/49 | €377,542 | €380,114 | +€2,572 | +0.7% |
| Equity | 10/15 | €54,346 | €62,104 | +€7,758 | +14.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €53,346 | €53,346 | = | 0.0% |
| Distributable reserves | 133 | €53,346 | €53,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €7,758 | +€7,758 | |
| Amounts payable | 17/49 | €323,196 | €318,010 | -€5,186 | -1.6% |
| Amounts payable after more than one year | 17 | €235,266 | €232,269 | -€2,997 | -1.3% |
| Financial debts | 170/4 | €235,266 | €232,269 | -€2,997 | -1.3% |
| Amounts payable within one year | 42/48 | €85,499 | €85,613 | +€114 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €14,148 | €24,233 | +€10,085 | +71.3% |
| Trade debts | 44 | €38,358 | €17,843 | -€20,515 | -53.5% |
| Suppliers | 440/4 | €38,358 | €17,843 | -€20,515 | -53.5% |
| Taxes, remuneration and social security | 45 | €19,173 | €14,562 | -€4,611 | -24.1% |
| Taxes | 450/3 | €19,173 | €14,562 | -€4,611 | -24.1% |
| Other amounts payable | 47/48 | €13,820 | €28,976 | +€15,156 | +110% |
| Accrued charges and deferred income | 492/3 | €2,431 | €128 | -€2,303 | -94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,776 | €15,926 | +€5,150 | +47.8% |
| Other operating charges | 640/8 | €1,309 | €1,979 | +€670 | +51.2% |
| Gross operating margin | 9900 | €33,973 | €37,871 | +€3,898 | +11.5% |
| Operating profit (loss) | 9901 | €21,888 | €19,965 | -€1,922 | -8.8% |
| Financial income | 75/76B | €510 | €337 | -€173 | -33.9% |
| Recurring financial income | 75 | €510 | €337 | -€173 | -33.9% |
| Financial charges | 65/66B | €7,373 | €8,669 | +€1,295 | +17.6% |
| Recurring financial charges | 65 | €7,373 | €8,669 | +€1,295 | +17.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €15,024 | €11,634 | -€3,391 | -22.6% |
| Income taxes | 67/77 | €3,657 | €3,876 | +€218 | +6.0% |
| Profit (loss) for the period | 9904 | €11,367 | €7,758 | -€3,609 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,367 | €7,758 | -€3,609 | -31.7% |
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 24 October 2026 via checked.be.