KAISER + KRAFT: 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.
What changed
KAISER + KRAFT
NACE 46.500, Wholesale of information and communication equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.7m-€491,549
Equity
€1.8m
2024 · €2.1m-€310,430
Cash
€1.9m
2024 · €408,072+€1.5m
Balance sheet total
€5.1m
2024 · €4.2m+€894,987
Largest movements
Assets
- Cash +€1.5m
up €1.5m (+377%), from €408,072 to €1.9m
mainly Other debts (+€1.5m) and Net result for the year (+€1.2m)
- Receivables within one year -€465,601
down €465,601 (-13.7%), from €3.4m to €2.9m
of which Trade receivables: -€593,918
- Stocks and contracts -€92,208
down €92,208 (-86.4%), from €106,666 to €14,458
- Tangible fixed assets -€90,701
down €90,701 (-33.8%), from €268,109 to €177,408
of which Furniture and vehicles: -€60,479
Equity and liabilities
- Other debts +€1.5m
new in 2025: €1.5m
- Short-term financial debts -€433,143
no longer reported in 2025 (was €433,143)
- Profit (loss) carried forward -€310,430
down €310,430 (-17.6%), from €1.8m to €1.4m
- Tax, wage and social debts +€206,402
up €206,402 (+25.6%), from €805,341 to €1.0m
of which Taxes: +€194,672
Income statement
- Turnover -€693,421
down €693,421 (-3.8%), from €18.4m to €17.7m
- Services and other goods +€523,601
up €523,601 (+12.9%), from €4.1m to €4.6m
- Goods and materials -€232,374
down €232,374 (-2.2%), from €10.4m to €10.2m
of which Purchases: -€193,684
- Staff costs -€220,145
down €220,145 (-15.6%), from €1.4m to €1.2m
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.
Result 2024
€1.7m
Turnover
-€693,421
Other operating income
-€104
Goods and materials
+€232,374
Services and other goods
-€523,601
Staff costs
+€220,145
Depreciation
+€1,474
Write-downs
+€155,858
Other operating charges
-€22,126
Other operating items
+€5,702
Financial income
+€13,185
Financial charges
+€43,381
Taxes
+€75,584
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.5m
Investment
+€13,766
Financing
-€1.9m
Cash 2024
€408,072
From operations (derived)
+€3.5m
Net result for the year
+€1.2m
Depreciation
+€87,987
Stocks and contracts
+€92,208
Receivables within one year
+€465,601
Deferred charges and accrued income
-€15,527
Trade debts
-€27,231
Tax, wage and social debts
+€206,402
Advances received
-€24,330
Other debts
+€1.5m
Accrued charges and deferred income
-€16,281
Investment (derived)
+€13,766
Investment in fixed assets (net)
+€13,766
Financing
-€1.9m
Short-term financial debts
-€433,143
Contributions, distributions and other
-€1.5m
Cash 2025
€1.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,233,523 | €5,128,510 | +€894,987 | +21.1% |
| Fixed assets | 21/28 | €302,814 | €201,061 | -€101,753 | -33.6% |
| Tangible fixed assets | 22/27 | €268,109 | €177,408 | -€90,701 | -33.8% |
| Plant, machinery and equipment | 23 | €16,033 | €8,814 | -€7,219 | -45.0% |
| Furniture and vehicles | 24 | €174,468 | €113,988 | -€60,479 | -34.7% |
| Other tangible fixed assets | 26 | €77,609 | €54,606 | -€23,003 | -29.6% |
| Financial fixed assets | 28 | €34,705 | €23,654 | -€11,052 | -31.8% |
| Other financial fixed assets | 284/8 | €34,705 | €23,654 | -€11,052 | -31.8% |
| Amounts receivable and cash guarantees | 285/8 | €34,705 | €23,654 | -€11,052 | -31.8% |
| Current assets | 29/58 | €3,930,709 | €4,927,449 | +€996,740 | +25.4% |
| Stocks and contracts in progress | 3 | €106,666 | €14,458 | -€92,208 | -86.4% |
| Stocks | 30/36 | €106,666 | €14,458 | -€92,208 | -86.4% |
| Goods purchased for resale | 34 | €26,665 | €14,458 | -€12,206 | -45.8% |
| Advance payments | 36 | €80,001 | - | -€80,001 | |
| Amounts receivable within one year | 40/41 | €3,393,789 | €2,928,188 | -€465,601 | -13.7% |
| Trade receivables | 40 | €3,393,789 | €2,799,871 | -€593,918 | -17.5% |
| Other amounts receivable | 41 | - | €128,317 | +€128,317 | |
| Cash at bank and in hand | 54/58 | €408,072 | €1,947,094 | +€1.5m | +377% |
| Deferred charges and accrued income | 490/1 | €22,182 | €37,709 | +€15,527 | +70.0% |
| Total equity and liabilities | 10/49 | €4,233,523 | €5,128,510 | +€894,987 | +21.1% |
| Equity | 10/15 | €2,072,994 | €1,762,563 | -€310,430 | -15.0% |
| Contributions | 10/11 | €267,989 | €267,989 | = | 0.0% |
| Capital | 10 | €149,000 | €149,000 | = | 0.0% |
| Issued capital | 100 | €149,000 | €149,000 | = | 0.0% |
| Contributions outside capital | 11 | €118,989 | €118,989 | = | 0.0% |
| Share premium | 1100/10 | €118,989 | €118,989 | = | 0.0% |
| Reserves | 13 | €45,010 | €45,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,900 | €14,900 | = | 0.0% |
| Legal reserve | 130 | €14,900 | €14,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,110 | €30,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,759,994 | €1,449,564 | -€310,430 | -17.6% |
| Amounts payable | 17/49 | €2,160,530 | €3,365,947 | +€1.2m | +55.8% |
| Amounts payable within one year | 42/48 | €2,136,108 | €3,357,807 | +€1.2m | +57.2% |
| Financial debts | 43 | €433,143 | - | -€433,143 | |
| Other loans | 439 | €433,143 | - | -€433,143 | |
| Trade debts | 44 | €861,887 | €834,656 | -€27,231 | -3.2% |
| Suppliers | 440/4 | €861,887 | €834,656 | -€27,231 | -3.2% |
| Advances received on contracts in progress | 46 | €35,737 | €11,407 | -€24,330 | -68.1% |
| Taxes, remuneration and social security | 45 | €805,341 | €1,011,743 | +€206,402 | +25.6% |
| Taxes | 450/3 | €555,832 | €750,505 | +€194,672 | +35.0% |
| Remuneration and social security | 454/9 | €249,509 | €261,239 | +€11,730 | +4.7% |
| Other amounts payable | 47/48 | - | €1,500,000 | +€1.5m | |
| Accrued charges and deferred income | 492/3 | €24,422 | €8,141 | -€16,281 | -66.7% |
| Operating income | 70/76A | €18,440,781 | €17,752,958 | -€687,823 | -3.7% |
| Turnover | 70 | €18,440,677 | €17,747,255 | -€693,421 | -3.8% |
| Other operating income | 74 | €104 | - | -€104 | |
| Non-recurring operating income | 76A | - | €5,702 | +€5,702 | |
| Operating charges | 60/66A | €16,138,290 | €16,074,165 | -€64,124 | -0.4% |
| Goods for resale, raw materials and consumables | 60 | €10,406,642 | €10,174,268 | -€232,374 | -2.2% |
| Purchases | 600/8 | €10,355,745 | €10,162,062 | -€193,684 | -1.9% |
| Change in stocks: decrease (increase) | 609 | €50,897 | €12,206 | -€38,690 | -76.0% |
| Services and other goods | 61 | €4,063,157 | €4,586,759 | +€523,601 | +12.9% |
| Remuneration, social security and pensions | 62 | €1,413,771 | €1,193,626 | -€220,145 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,461 | €87,987 | -€1,474 | -1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €150,601 | -€5,257 | -€155,858 | |
| Other operating charges | 640/8 | €14,657 | €36,783 | +€22,126 | +151% |
| Operating profit (loss) | 9901 | €2,302,491 | €1,678,793 | -€623,699 | -27.1% |
| Financial income | 75/76B | €22,264 | €35,449 | +€13,185 | +59.2% |
| Recurring financial income | 75 | €22,264 | €35,449 | +€13,185 | +59.2% |
| Income from current assets | 751 | €22,264 | €35,449 | +€13,185 | +59.2% |
| Financial charges | 65/66B | €76,286 | €32,905 | -€43,381 | -56.9% |
| Recurring financial charges | 65 | €76,286 | €32,905 | -€43,381 | -56.9% |
| Debt charges | 650 | €30,143 | €1,394 | -€28,750 | -95.4% |
| Other financial charges | 652/9 | €46,142 | €31,511 | -€14,631 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €2,248,470 | €1,681,336 | -€567,134 | -25.2% |
| Income taxes | 67/77 | €567,351 | €491,766 | -€75,584 | -13.3% |
| Taxes | 670/3 | €567,351 | €502,353 | -€64,998 | -11.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €10,587 | +€10,587 | |
| Profit (loss) for the period | 9904 | €1,681,119 | €1,189,570 | -€491,549 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,681,119 | €1,189,570 | -€491,549 | -29.2% |
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 31 October 2026 via checked.be.