Kaïsha: 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.
Kaïsha
Largest movements
- Cash +€7,471
up €7,471 (+120%), from €6,237 to €13,708
mainly Other debts (+€18,695) and Depreciation (+€6,895)
- Tangible fixed assets +€2,885
up €2,885 (+6.6%), from €43,903 to €46,788
of which Plant, machinery and equipment: +€6,920
- Receivables within one year +€1,963
up €1,963 (+42.8%), from €4,592 to €6,555
of which Other amounts receivable: +€3,263
- Intangible fixed assets -€1,425
down €1,425 (-5.9%), from €24,139 to €22,714
- Other debts +€18,695
up €18,695 (+5.6%), from €336,296 to €354,991
- Debts after one year -€6,714
no longer reported in 2025 (was €6,714)
- Trade debts +€4,927
up €4,927 (+22.1%), from €22,307 to €27,234
- Current portion of long-term debt -€3,925
down €3,925 (-36.9%), from €10,639 to €6,714
- Profit (loss) carried forward -€3,277
down €3,277 (-0.7%), from -€437,081 to -€440,358
- Gross operating margin +€143,266
up €143,266 (+362%), from €39,596 to €182,862
- Staff costs +€34,089
up €34,089 (+23.8%), from €143,456 to €177,545
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 | €93,974 | €104,730 | +€10,756 | +11.4% |
| Fixed assets | 21/28 | €73,142 | €74,602 | +€1,460 | +2.0% |
| Intangible fixed assets | 21 | €24,139 | €22,714 | -€1,425 | -5.9% |
| Tangible fixed assets | 22/27 | €43,903 | €46,788 | +€2,885 | +6.6% |
| Plant, machinery and equipment | 23 | - | €6,920 | +€6,920 | |
| Furniture and vehicles | 24 | €14,755 | €12,583 | -€2,172 | -14.7% |
| Other tangible fixed assets | 26 | €29,148 | €27,285 | -€1,864 | -6.4% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €20,832 | €30,129 | +€9,296 | +44.6% |
| Stocks and contracts in progress | 3 | €8,430 | €9,090 | +€660 | +7.8% |
| Stocks | 30/36 | €8,430 | €9,090 | +€660 | +7.8% |
| Amounts receivable within one year | 40/41 | €4,592 | €6,555 | +€1,963 | +42.8% |
| Trade receivables | 40 | €1,610 | €311 | -€1,300 | -80.7% |
| Other amounts receivable | 41 | €2,982 | €6,245 | +€3,263 | +109% |
| Cash at bank and in hand | 54/58 | €6,237 | €13,708 | +€7,471 | +120% |
| Deferred charges and accrued income | 490/1 | €1,574 | €776 | -€798 | -50.7% |
| Total equity and liabilities | 10/49 | €93,974 | €104,730 | +€10,756 | +11.4% |
| Equity | 10/15 | -€301,181 | -€304,458 | -€3,277 | -1.1% |
| Contributions | 10/11 | €132,300 | €132,300 | = | 0.0% |
| Reserves | 13 | €3,600 | €3,600 | = | 0.0% |
| Distributable reserves | 133 | €3,600 | €3,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€437,081 | -€440,358 | -€3,277 | -0.7% |
| Amounts payable | 17/49 | €395,155 | €409,188 | +€14,034 | +3.6% |
| Amounts payable after more than one year | 17 | €6,714 | - | -€6,714 | |
| Financial debts | 170/4 | €6,714 | - | -€6,714 | |
| Amounts payable within one year | 42/48 | €388,440 | €409,188 | +€20,748 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €10,639 | €6,714 | -€3,925 | -36.9% |
| Financial debts | 43 | - | €1,945 | +€1,945 | |
| Other loans | 439 | - | €1,945 | +€1,945 | |
| Trade debts | 44 | €22,307 | €27,234 | +€4,927 | +22.1% |
| Suppliers | 440/4 | €22,307 | €27,234 | +€4,927 | +22.1% |
| Taxes, remuneration and social security | 45 | €19,198 | €18,305 | -€893 | -4.7% |
| Taxes | 450/3 | €1,100 | €729 | -€371 | -33.7% |
| Remuneration and social security | 454/9 | €18,097 | €17,576 | -€522 | -2.9% |
| Other amounts payable | 47/48 | €336,296 | €354,991 | +€18,695 | +5.6% |
| Remuneration, social security and pensions | 62 | €143,456 | €177,545 | +€34,089 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,460 | €6,895 | +€1,435 | +26.3% |
| Other operating charges | 640/8 | €2,133 | €700 | -€1,433 | -67.2% |
| Gross operating margin | 9900 | €39,596 | €182,862 | +€143,266 | +362% |
| Operating profit (loss) | 9901 | -€111,453 | -€2,278 | +€109,175 | +98.0% |
| Financial income | 75/76B | €127 | - | -€127 | |
| Recurring financial income | 75 | €127 | - | -€127 | |
| Financial charges | 65/66B | €1,038 | €1,000 | -€38 | -3.7% |
| Recurring financial charges | 65 | €1,038 | €1,000 | -€38 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€112,364 | -€3,277 | +€109,087 | +97.1% |
| Profit (loss) for the period | 9904 | -€112,364 | -€3,277 | +€109,087 | +97.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,364 | -€3,277 | +€109,087 | +97.1% |
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 16 October 2026 via checked.be.