KAISER FINANCE: what changed
KAISER FINANCE
Largest movements
- Cash +€30,615
up €30,615 (+4,195%), from €730 to €31,345
mainly Other debts (+€48,271) and Net result for the year (+€22,618)
- Receivables within one year -€12,699
down €12,699 (-68.4%), from €18,557 to €5,859
of which Trade receivables: -€13,274
- Intangible fixed assets +€6,890
new in 2025: €6,890
- Tangible fixed assets -€6,312
down €6,312 (-19.3%), from €32,782 to €26,471
of which Furniture and vehicles: -€5,977
- Deferred charges and accrued income +€1,718
up €1,718 (+195%), from €879 to €2,597
- Other debts +€48,271
up €48,271 (+1,275%), from €3,785 to €52,057
- Profit (loss) carried forward -€27,382
down €27,382 (-59.5%), from €45,987 to €18,605
- Depreciation +€5,851
up €5,851 (+148%), from €3,956 to €9,807
- Gross operating margin -€3,795
down €3,795 (-9.0%), from €42,297 to €38,502
- Taxes -€1,530
down €1,530 (-20.5%), from €7,468 to €5,938
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 | €52,949 | €73,162 | +€20,213 | +38.2% |
| Fixed assets | 21/28 | €32,782 | €33,361 | +€578 | +1.8% |
| Intangible fixed assets | 21 | - | €6,890 | +€6,890 | |
| Tangible fixed assets | 22/27 | €32,782 | €26,471 | -€6,312 | -19.3% |
| Furniture and vehicles | 24 | €31,221 | €25,244 | -€5,977 | -19.1% |
| Other tangible fixed assets | 26 | €1,562 | €1,227 | -€335 | -21.5% |
| Current assets | 29/58 | €20,166 | €39,801 | +€19,635 | +97.4% |
| Amounts receivable within one year | 40/41 | €18,557 | €5,859 | -€12,699 | -68.4% |
| Trade receivables | 40 | €18,557 | €5,284 | -€13,274 | -71.5% |
| Other amounts receivable | 41 | - | €575 | +€575 | |
| Cash at bank and in hand | 54/58 | €730 | €31,345 | +€30,615 | +4,195% |
| Deferred charges and accrued income | 490/1 | €879 | €2,597 | +€1,718 | +195% |
| Total equity and liabilities | 10/49 | €52,949 | €73,162 | +€20,213 | +38.2% |
| Equity | 10/15 | €48,487 | €21,105 | -€27,382 | -56.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,987 | €18,605 | -€27,382 | -59.5% |
| Amounts payable | 17/49 | €4,462 | €52,057 | +€47,595 | +1,067% |
| Amounts payable within one year | 42/48 | €4,462 | €52,057 | +€47,595 | +1,067% |
| Trade debts | 44 | €326 | - | -€326 | |
| Suppliers | 440/4 | €326 | - | -€326 | |
| Taxes, remuneration and social security | 45 | €350 | - | -€350 | |
| Taxes | 450/3 | €350 | - | -€350 | |
| Other amounts payable | 47/48 | €3,785 | €52,057 | +€48,271 | +1,275% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,956 | €9,807 | +€5,851 | +148% |
| Other operating charges | 640/8 | €134 | - | -€134 | |
| Gross operating margin | 9900 | €42,297 | €38,502 | -€3,795 | -9.0% |
| Operating profit (loss) | 9901 | €38,207 | €28,696 | -€9,512 | -24.9% |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €38,067 | €28,556 | -€9,512 | -25.0% |
| Income taxes | 67/77 | €7,468 | €5,938 | -€1,530 | -20.5% |
| Profit (loss) for the period | 9904 | €30,599 | €22,618 | -€7,981 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,599 | €22,618 | -€7,981 | -26.1% |
Next steps
Calculation and sources
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 7 November 2026 via checked.be.