KAISHA: what changed
Two fiscal 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.
KAISHA
Largest movements
- Receivables within one year -€126,228
down €126,228 (-33.4%), from €378,466 to €252,238
of which Trade receivables: -€94,851
- Cash +€24,556
new in 2025: €24,556
mainly Receivables within one year (+€126,228) and Depreciation (+€18,126)
- Tangible fixed assets -€9,266
down €9,266 (-15.3%), from €60,575 to €51,309
of which Furniture and vehicles: -€13,517
- Tax, wage and social debts -€61,772
down €61,772 (-37.4%), from €165,307 to €103,534
of which Remuneration and social security: -€52,574
- Trade debts -€27,555
down €27,555 (-28.1%), from €98,032 to €70,477
- Debts after one year -€15,843
down €15,843 (-51.1%), from €31,030 to €15,188
- Short-term financial debts -€15,376
down €15,376 (-26.3%), from €58,521 to €43,145
- Profit (loss) carried forward +€10,099
up €10,099, from -€8,741 to €1,358
- Gross operating margin -€77,103
down €77,103 (-10.9%), from €705,103 to €628,001
- Staff costs -€68,193
down €68,193 (-10.5%), from €649,359 to €581,165
- Depreciation +€11,776
up €11,776 (+185.5%), from €6,350 to €18,126
- Financial charges -€8,461
down €8,461 (-52.4%), from €16,145 to €7,684
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.
Cash bridge derived
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 | €439,267 | €329,838 | -€109,429 | -24.9% |
| Fixed assets | 21/28 | €60,575 | €51,309 | -€9,266 | -15.3% |
| Tangible fixed assets | 22/27 | €60,575 | €51,309 | -€9,266 | -15.3% |
| Plant, machinery and equipment | 23 | €7,536 | €3,824 | -€3,712 | -49.3% |
| Furniture and vehicles | 24 | €51,846 | €38,329 | -€13,517 | -26.1% |
| Other tangible fixed assets | 26 | €1,193 | €9,156 | +€7,963 | +667.7% |
| Current assets | 29/58 | €378,692 | €278,529 | -€100,163 | -26.4% |
| Amounts receivable within one year | 40/41 | €378,466 | €252,238 | -€126,228 | -33.4% |
| Trade receivables | 40 | €341,137 | €246,286 | -€94,851 | -27.8% |
| Other amounts receivable | 41 | €37,329 | €5,952 | -€31,377 | -84.1% |
| Cash at bank and in hand | 54/58 | - | €24,556 | +€24,556 | |
| Deferred charges and accrued income | 490/1 | €226 | €1,736 | +€1,509 | +666.9% |
| Total equity and liabilities | 10/49 | €439,267 | €329,838 | -€109,429 | -24.9% |
| Equity | 10/15 | €71,259 | €81,358 | +€10,099 | +14.2% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,741 | €1,358 | +€10,099 | |
| Amounts payable | 17/49 | €368,009 | €248,480 | -€119,528 | -32.5% |
| Amounts payable after more than one year | 17 | €31,030 | €15,188 | -€15,843 | -51.1% |
| Financial debts | 170/4 | €31,030 | €15,188 | -€15,843 | -51.1% |
| Amounts payable within one year | 42/48 | €336,978 | €233,293 | -€103,685 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €15,119 | €15,843 | +€723 | +4.8% |
| Financial debts | 43 | €58,521 | €43,145 | -€15,376 | -26.3% |
| Credit institutions | 430/8 | €58,521 | €43,145 | -€15,376 | -26.3% |
| Trade debts | 44 | €98,032 | €70,477 | -€27,555 | -28.1% |
| Suppliers | 440/4 | €98,032 | €70,477 | -€27,555 | -28.1% |
| Taxes, remuneration and social security | 45 | €165,307 | €103,534 | -€61,772 | -37.4% |
| Taxes | 450/3 | €60,252 | €51,054 | -€9,198 | -15.3% |
| Remuneration and social security | 454/9 | €105,054 | €52,480 | -€52,574 | -50.0% |
| Other amounts payable | 47/48 | - | €295 | +€295 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €649,359 | €581,165 | -€68,193 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,350 | €18,126 | +€11,776 | +185.5% |
| Other operating charges | 640/8 | €639 | €744 | +€105 | +16.4% |
| Gross operating margin | 9900 | €705,103 | €628,001 | -€77,103 | -10.9% |
| Operating profit (loss) | 9901 | €48,756 | €27,966 | -€20,790 | -42.6% |
| Financial income | 75/76B | €1 | €6 | +€6 | +1137.3% |
| Recurring financial income | 75 | €1 | €6 | +€6 | +1137.3% |
| Financial charges | 65/66B | €16,145 | €7,684 | -€8,461 | -52.4% |
| Recurring financial charges | 65 | €16,145 | €7,684 | -€8,461 | -52.4% |
| Profit (loss) for the period before taxes | 9903 | €32,611 | €20,288 | -€12,324 | -37.8% |
| Income taxes | 67/77 | €14,191 | €10,188 | -€4,003 | -28.2% |
| Profit (loss) for the period | 9904 | €18,420 | €10,099 | -€8,321 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,420 | €10,099 | -€8,321 | -45.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.