KAIZEN CONSULTING: 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 CONSULTING
Largest movements
- Current investments +€156,097
new in 2025: €156,097
- Cash -€100,772
down €100,772 (-17.1%), from €588,771 to €487,999
mainly Current investments (-€156,097) and Contributions, distributions and other (-€115,000)
- Tangible fixed assets +€70,471
up €70,471 (+45.3%), from €155,433 to €225,904
of which Furniture and vehicles: +€71,613
- Receivables within one year +€24,659
up €24,659 (+73.6%), from €33,488 to €58,148
- Other debts +€81,028
up €81,028 (+124%), from €65,403 to €146,432
- Debts after one year +€42,769
up €42,769 (+56.5%), from €75,761 to €118,531
- Current portion of long-term debt +€22,344
up €22,344 (+126%), from €17,784 to €40,128
- Profit (loss) carried forward +€12,698
up €12,698 (+729%), from €1,742 to €14,440
- Taxes -€28,869
down €28,869 (-39.6%), from €72,937 to €44,068
- Depreciation +€23,864
up €23,864 (+218%), from €10,942 to €34,806
- Gross operating margin -€19,745
down €19,745 (-8.3%), from €237,606 to €217,861
- Financial charges +€8,119
up €8,119 (+896%), from €907 to €9,026
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 | €782,023 | €932,397 | +€150,374 | +19.2% |
| Fixed assets | 21/28 | €155,624 | €226,095 | +€70,471 | +45.3% |
| Tangible fixed assets | 22/27 | €155,433 | €225,904 | +€70,471 | +45.3% |
| Plant, machinery and equipment | 23 | €4,636 | €3,494 | -€1,141 | -24.6% |
| Furniture and vehicles | 24 | €150,797 | €222,410 | +€71,613 | +47.5% |
| Financial fixed assets | 28 | €191 | €191 | = | 0.0% |
| Current assets | 29/58 | €626,399 | €706,302 | +€79,903 | +12.8% |
| Amounts receivable within one year | 40/41 | €33,488 | €58,148 | +€24,659 | +73.6% |
| Trade receivables | 40 | €33,488 | €58,148 | +€24,659 | +73.6% |
| Current investments | 50/53 | - | €156,097 | +€156,097 | |
| Cash at bank and in hand | 54/58 | €588,771 | €487,999 | -€100,772 | -17.1% |
| Deferred charges and accrued income | 490/1 | €4,139 | €4,058 | -€81 | -2.0% |
| Total equity and liabilities | 10/49 | €782,023 | €932,397 | +€150,374 | +19.2% |
| Equity | 10/15 | €465,892 | €478,590 | +€12,698 | +2.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €454,150 | €454,150 | = | 0.0% |
| Distributable reserves | 133 | €454,150 | €454,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,742 | €14,440 | +€12,698 | +729% |
| Amounts payable | 17/49 | €316,131 | €453,807 | +€137,676 | +43.6% |
| Amounts payable after more than one year | 17 | €75,761 | €118,531 | +€42,769 | +56.5% |
| Financial debts | 170/4 | €75,761 | €118,531 | +€42,769 | +56.5% |
| Amounts payable within one year | 42/48 | €240,369 | €335,273 | +€94,904 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €17,784 | €40,128 | +€22,344 | +126% |
| Trade debts | 44 | €17,817 | €11,755 | -€6,061 | -34.0% |
| Suppliers | 440/4 | €17,817 | €11,755 | -€6,061 | -34.0% |
| Taxes, remuneration and social security | 45 | €139,366 | €136,959 | -€2,407 | -1.7% |
| Taxes | 450/3 | €131,787 | €136,959 | +€5,172 | +3.9% |
| Remuneration and social security | 454/9 | €7,579 | - | -€7,579 | |
| Other amounts payable | 47/48 | €65,403 | €146,432 | +€81,028 | +124% |
| Accrued charges and deferred income | 492/3 | - | €3 | +€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,942 | €34,806 | +€23,864 | +218% |
| Other operating charges | 640/8 | €878 | €2,263 | +€1,384 | +158% |
| Gross operating margin | 9900 | €237,606 | €217,861 | -€19,745 | -8.3% |
| Operating profit (loss) | 9901 | €225,786 | €180,792 | -€44,994 | -19.9% |
| Financial charges | 65/66B | €907 | €9,026 | +€8,119 | +896% |
| Recurring financial charges | 65 | €907 | €9,026 | +€8,119 | +896% |
| Profit (loss) for the period before taxes | 9903 | €224,879 | €171,766 | -€53,113 | -23.6% |
| Income taxes | 67/77 | €72,937 | €44,068 | -€28,869 | -39.6% |
| Profit (loss) for the period | 9904 | €151,942 | €127,698 | -€24,244 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €151,942 | €127,698 | -€24,244 | -16.0% |
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 19 October 2026 via checked.be.