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
- Tangible fixed assets -€24,884
down €24,884 (-3.2%), from €779,200 to €754,316
of which Land and buildings: -€27,258
- Cash +€20,582
up €20,582 (+777%), from €2,647 to €23,229
mainly Net result for the year (+€58,717) and Depreciation (+€31,476)
- Receivables within one year -€15,845
down €15,845 (-45.7%), from €34,637 to €18,791
of which Trade receivables: -€15,185
- Debts after one year -€65,392
down €65,392 (-16.8%), from €388,288 to €322,896
of which Financial debts: -€65,392
- Reserves +€51,334
up €51,334 (+30.7%), from €166,944 to €218,278
- Gross operating margin +€43,720
up €43,720 (+42.7%), from €102,275 to €145,995
- Taxes +€8,614
up €8,614 (+53.0%), from €16,259 to €24,874
- Financial charges -€2,622
down €2,622 (-9.7%), from €26,997 to €24,375
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 | €818,575 | €798,696 | -€19,879 | -2.4% |
| Fixed assets | 21/28 | €779,200 | €754,316 | -€24,884 | -3.2% |
| Tangible fixed assets | 22/27 | €779,200 | €754,316 | -€24,884 | -3.2% |
| Land and buildings | 22 | €768,176 | €740,919 | -€27,258 | -3.5% |
| Plant, machinery and equipment | 23 | €970 | €2,752 | +€1,782 | +184% |
| Furniture and vehicles | 24 | €763 | €2,911 | +€2,148 | +281% |
| Leasing and similar rights | 25 | €9,290 | €6,474 | -€2,816 | -30.3% |
| Other tangible fixed assets | 26 | - | €1,260 | +€1,260 | |
| Current assets | 29/58 | €39,375 | €44,380 | +€5,005 | +12.7% |
| Amounts receivable within one year | 40/41 | €34,637 | €18,791 | -€15,845 | -45.7% |
| Trade receivables | 40 | €31,786 | €16,601 | -€15,185 | -47.8% |
| Other amounts receivable | 41 | €2,851 | €2,190 | -€660 | -23.2% |
| Cash at bank and in hand | 54/58 | €2,647 | €23,229 | +€20,582 | +777% |
| Deferred charges and accrued income | 490/1 | €2,091 | €2,360 | +€268 | +12.8% |
| Total equity and liabilities | 10/49 | €818,575 | €798,696 | -€19,879 | -2.4% |
| Equity | 10/15 | €227,015 | €278,566 | +€51,551 | +22.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €166,944 | €218,278 | +€51,334 | +30.7% |
| Distributable reserves | 133 | €166,944 | €218,278 | +€51,334 | +30.7% |
| Profit (loss) carried forward | 14 | €71 | €288 | +€217 | +305% |
| Amounts payable | 17/49 | €591,560 | €520,130 | -€71,430 | -12.1% |
| Amounts payable after more than one year | 17 | €388,288 | €322,896 | -€65,392 | -16.8% |
| Financial debts | 170/4 | €331,127 | €265,735 | -€65,392 | -19.7% |
| Other amounts payable | 178/9 | €57,161 | €57,161 | = | 0.0% |
| Amounts payable within one year | 42/48 | €196,631 | €195,330 | -€1,301 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €63,297 | €65,392 | +€2,095 | +3.3% |
| Financial debts | 43 | €15,000 | €10,601 | -€4,399 | -29.3% |
| Other loans | 439 | €15,000 | €10,601 | -€4,399 | -29.3% |
| Trade debts | 44 | €1,125 | €3,708 | +€2,582 | +229% |
| Suppliers | 440/4 | €1,125 | €3,708 | +€2,582 | +229% |
| Taxes, remuneration and social security | 45 | €14,294 | €12,777 | -€1,518 | -10.6% |
| Taxes | 450/3 | €14,294 | €11,877 | -€2,418 | -16.9% |
| Remuneration and social security | 454/9 | - | €900 | +€900 | |
| Other amounts payable | 47/48 | €102,914 | €102,852 | -€63 | -0.1% |
| Accrued charges and deferred income | 492/3 | €6,641 | €1,905 | -€4,736 | -71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,603 | €31,476 | -€127 | -0.4% |
| Other operating charges | 640/8 | €7,753 | €6,757 | -€996 | -12.8% |
| Gross operating margin | 9900 | €102,275 | €145,995 | +€43,720 | +42.7% |
| Operating profit (loss) | 9901 | €62,919 | €107,761 | +€44,842 | +71.3% |
| Financial income | 75/76B | €0 | €204 | +€203 | +67,823% |
| Recurring financial income | 75 | €0 | €204 | +€203 | +67,823% |
| Financial charges | 65/66B | €26,997 | €24,375 | -€2,622 | -9.7% |
| Recurring financial charges | 65 | €26,997 | €24,375 | -€2,622 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €35,922 | €83,590 | +€47,668 | +133% |
| Income taxes | 67/77 | €16,259 | €24,874 | +€8,614 | +53.0% |
| Profit (loss) for the period | 9904 | €19,663 | €58,717 | +€39,054 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €19,663 | €58,717 | +€39,054 | +199% |
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 13 October 2026 via checked.be.