Kaizen Analytics: 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.
Kaizen Analytics
Largest movements
- Cash +€8,012
up €8,012 (+20.0%), from €40,086 to €48,098
mainly Net result for the year (+€24,232) and Other debts (+€9,033)
- Receivables within one year +€4,090
up €4,090 (+11.6%), from €35,295 to €39,385
of which Trade receivables: +€3,890
- Deferred charges and accrued income -€2,806
down €2,806 (-97.3%), from €2,883 to €77
- Tangible fixed assets +€1,270
new in 2025: €1,270
- Other debts +€9,033
up €9,033 (+59.8%), from €15,094 to €24,127
- Tax, wage and social debts +€1,125
up €1,125 (+23.7%), from €4,741 to €5,866
- Gross operating margin +€13,029
up €13,029 (+69.2%), from €18,823 to €31,852
- Taxes +€2,985
up €2,985 (+78.2%), from €3,816 to €6,800
- Financial charges -€1,074
down €1,074 (-83.9%), from €1,280 to €206
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 | €78,888 | €89,430 | +€10,541 | +13.4% |
| Fixed assets | 21/28 | €625 | €1,870 | +€1,245 | +199% |
| Tangible fixed assets | 22/27 | - | €1,270 | +€1,270 | |
| Plant, machinery and equipment | 23 | - | €1,270 | +€1,270 | |
| Financial fixed assets | 28 | €625 | €600 | -€25 | -4.0% |
| Current assets | 29/58 | €78,263 | €87,560 | +€9,296 | +11.9% |
| Amounts receivable within one year | 40/41 | €35,295 | €39,385 | +€4,090 | +11.6% |
| Trade receivables | 40 | €35,295 | €39,185 | +€3,890 | +11.0% |
| Other amounts receivable | 41 | - | €200 | +€200 | |
| Cash at bank and in hand | 54/58 | €40,086 | €48,098 | +€8,012 | +20.0% |
| Deferred charges and accrued income | 490/1 | €2,883 | €77 | -€2,806 | -97.3% |
| Total equity and liabilities | 10/49 | €78,888 | €89,430 | +€10,541 | +13.4% |
| Equity | 10/15 | €57,324 | €57,324 | = | 0.0% |
| Reserves | 13 | €57,324 | €57,324 | = | 0.0% |
| Distributable reserves | 133 | €57,324 | €57,324 | = | 0.0% |
| Amounts payable | 17/49 | €21,564 | €32,105 | +€10,541 | +48.9% |
| Amounts payable within one year | 42/48 | €21,564 | €31,747 | +€10,183 | +47.2% |
| Current portion of amounts payable after more than one year | 42 | €1,000 | €950 | -€50 | -5.0% |
| Trade debts | 44 | €729 | €805 | +€76 | +10.4% |
| Suppliers | 440/4 | €729 | €805 | +€76 | +10.4% |
| Taxes, remuneration and social security | 45 | €4,741 | €5,866 | +€1,125 | +23.7% |
| Taxes | 450/3 | €4,741 | €5,866 | +€1,125 | +23.7% |
| Other amounts payable | 47/48 | €15,094 | €24,127 | +€9,033 | +59.8% |
| Accrued charges and deferred income | 492/3 | - | €358 | +€358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €63 | +€63 | |
| Other operating charges | 640/8 | €757 | €551 | -€206 | -27.3% |
| Gross operating margin | 9900 | €18,823 | €31,852 | +€13,029 | +69.2% |
| Operating profit (loss) | 9901 | €18,066 | €31,238 | +€13,172 | +72.9% |
| Financial charges | 65/66B | €1,280 | €206 | -€1,074 | -83.9% |
| Recurring financial charges | 65 | €1,280 | €206 | -€1,074 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | €16,786 | €31,032 | +€14,246 | +84.9% |
| Income taxes | 67/77 | €3,816 | €6,800 | +€2,985 | +78.2% |
| Profit (loss) for the period | 9904 | €12,970 | €24,232 | +€11,262 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,970 | €24,232 | +€11,262 | +86.8% |
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 23 October 2026 via checked.be.