KAIROS: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
KAIROS
Largest movements
- Tangible fixed assets +€72,669
up €72,669 (+14.2%), from €511,727 to €584,395
of which Land and buildings: +€73,858
- Receivables within one year -€11,344
down €11,344 (-26.1%), from €43,527 to €32,183
of which Trade receivables: -€11,991
- Debts after one year +€46,141
up €46,141 (+14.6%), from €316,073 to €362,214
- Reserves +€31,492
up €31,492 (+142%), from €22,174 to €53,665
- Other debts -€27,197
down €27,197 (-15.9%), from €171,231 to €144,035
- Trade debts +€7,463
up €7,463 (+174%), from €4,295 to €11,758
- Gross operating margin +€32,476
up €32,476 (+77.0%), from €42,163 to €74,639
- Other operating charges -€18,405
down €18,405 (-90.7%), from €20,282 to €1,877
- Depreciation +€11,727
up €11,727 (+255%), from €4,592 to €16,319
- Financial charges +€10,294
up €10,294 (+194%), from €5,304 to €15,598
- Taxes +€5,579
up €5,579 (+148%), from €3,774 to €9,353
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €555,315 | €616,578 | +€61,264 | +11.0% |
| Fixed assets | 21/28 | €511,727 | €584,395 | +€72,669 | +14.2% |
| Tangible fixed assets | 22/27 | €511,727 | €584,395 | +€72,669 | +14.2% |
| Land and buildings | 22 | €509,647 | €583,505 | +€73,858 | +14.5% |
| Plant, machinery and equipment | 23 | €2,080 | €890 | -€1,190 | -57.2% |
| Current assets | 29/58 | €43,588 | €32,183 | -€11,405 | -26.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €43,527 | €32,183 | -€11,344 | -26.1% |
| Trade receivables | 40 | €41,302 | €29,311 | -€11,991 | -29.0% |
| Other amounts receivable | 41 | €2,226 | €2,872 | +€647 | +29.1% |
| Cash at bank and in hand | 54/58 | €61 | €0 | -€61 | -100% |
| Total equity and liabilities | 10/49 | €555,315 | €616,578 | +€61,264 | +11.0% |
| Equity | 10/15 | €25,174 | €56,665 | +€31,492 | +125% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,174 | €53,665 | +€31,492 | +142% |
| Distributable reserves | 133 | €22,174 | €53,665 | +€31,492 | +142% |
| Amounts payable | 17/49 | €530,141 | €559,913 | +€29,772 | +5.6% |
| Amounts payable after more than one year | 17 | €316,073 | €362,214 | +€46,141 | +14.6% |
| Financial debts | 170/4 | €316,073 | €362,214 | +€46,141 | +14.6% |
| Amounts payable within one year | 42/48 | €214,068 | €197,699 | -€16,369 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €16,145 | €22,080 | +€5,936 | +36.8% |
| Financial debts | 43 | €12,593 | €14,903 | +€2,310 | +18.3% |
| Credit institutions | 430/8 | €12,593 | €14,903 | +€2,310 | +18.3% |
| Trade debts | 44 | €4,295 | €11,758 | +€7,463 | +174% |
| Suppliers | 440/4 | €4,295 | €11,758 | +€7,463 | +174% |
| Taxes, remuneration and social security | 45 | €9,804 | €4,923 | -€4,881 | -49.8% |
| Taxes | 450/3 | €4,982 | €0 | -€4,982 | -100% |
| Remuneration and social security | 454/9 | €4,822 | €4,923 | +€101 | +2.1% |
| Other amounts payable | 47/48 | €171,231 | €144,035 | -€27,197 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,592 | €16,319 | +€11,727 | +255% |
| Other operating charges | 640/8 | €20,282 | €1,877 | -€18,405 | -90.7% |
| Gross operating margin | 9900 | €42,163 | €74,639 | +€32,476 | +77.0% |
| Operating profit (loss) | 9901 | €17,288 | €56,443 | +€39,155 | +226% |
| Financial income | 75/76B | €0 | €0 | +€0 | +150% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +150% |
| Financial charges | 65/66B | €5,304 | €15,598 | +€10,294 | +194% |
| Recurring financial charges | 65 | €5,304 | €15,598 | +€10,294 | +194% |
| Profit (loss) for the period before taxes | 9903 | €11,984 | €40,845 | +€28,861 | +241% |
| Income taxes | 67/77 | €3,774 | €9,353 | +€5,579 | +148% |
| Profit (loss) for the period | 9904 | €8,209 | €31,492 | +€23,282 | +284% |
| Profit (loss) for the period to be appropriated | 9905 | €8,209 | €31,492 | +€23,282 | +284% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.