Kaizen Group: 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.
Kaizen Group
Largest movements
- Deferred charges and accrued income +€6,886
new in 2025: €6,886
- Current investments -€4,000
no longer reported in 2025 (was €4,000)
- Tangible fixed assets -€3,738
down €3,738 (-65.8%), from €5,678 to €1,940
- Receivables within one year +€2,766
new in 2025: €2,766
- Cash +€1,013
up €1,013 (+4.1%), from €24,482 to €25,496
mainly Net result for the year (+€7,750) and Current investments (+€4,000)
- Reserves +€7,750
up €7,750 (+63.6%), from €12,191 to €19,941
- Other debts -€6,586
down €6,586 (-91.6%), from €7,187 to €602
- Tax, wage and social debts +€1,113
up €1,113 (+11.2%), from €9,904 to €11,017
of which Taxes: +€1,436
- Trade debts +€649
up €649 (+34.6%), from €1,878 to €2,527
- Gross operating margin +€3,673
up €3,673 (+24.3%), from €15,137 to €18,810
- Financial charges +€3,440
up €3,440 (+743.3%), from €463 to €3,903
- Other operating charges +€2,065
up €2,065 (+1750.0%), from €118 to €2,183
- Financial income -€234
down €234 (-98.9%), from €237 to €3
- Taxes -€190
down €190 (-5.9%), from €3,230 to €3,040
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 | €34,161 | €37,088 | +€2,927 | +8.6% |
| Fixed assets | 21/28 | €5,678 | €1,940 | -€3,738 | -65.8% |
| Tangible fixed assets | 22/27 | €5,678 | €1,940 | -€3,738 | -65.8% |
| Furniture and vehicles | 24 | €5,678 | €1,940 | -€3,738 | -65.8% |
| Current assets | 29/58 | €28,482 | €35,148 | +€6,665 | +23.4% |
| Amounts receivable within one year | 40/41 | - | €2,766 | +€2,766 | |
| Trade receivables | 40 | - | €2,766 | +€2,766 | |
| Current investments | 50/53 | €4,000 | - | -€4,000 | |
| Cash at bank and in hand | 54/58 | €24,482 | €25,496 | +€1,013 | +4.1% |
| Deferred charges and accrued income | 490/1 | - | €6,886 | +€6,886 | |
| Total equity and liabilities | 10/49 | €34,161 | €37,088 | +€2,927 | +8.6% |
| Equity | 10/15 | €15,191 | €22,941 | +€7,750 | +51.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €12,191 | €19,941 | +€7,750 | +63.6% |
| Distributable reserves | 133 | €12,191 | €19,941 | +€7,750 | +63.6% |
| Amounts payable | 17/49 | €18,969 | €14,146 | -€4,823 | -25.4% |
| Amounts payable within one year | 42/48 | €18,969 | €14,146 | -€4,823 | -25.4% |
| Trade debts | 44 | €1,878 | €2,527 | +€649 | +34.6% |
| Suppliers | 440/4 | €1,878 | €2,527 | +€649 | +34.6% |
| Taxes, remuneration and social security | 45 | €9,904 | €11,017 | +€1,113 | +11.2% |
| Taxes | 450/3 | €9,581 | €11,017 | +€1,436 | +15.0% |
| Remuneration and social security | 454/9 | €323 | - | -€323 | |
| Other amounts payable | 47/48 | €7,187 | €602 | -€6,586 | -91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,848 | €1,937 | +€89 | +4.8% |
| Other operating charges | 640/8 | €118 | €2,183 | +€2,065 | +1750.0% |
| Gross operating margin | 9900 | €15,137 | €18,810 | +€3,673 | +24.3% |
| Operating profit (loss) | 9901 | €13,171 | €14,690 | +€1,519 | +11.5% |
| Financial income | 75/76B | €237 | €3 | -€234 | -98.9% |
| Recurring financial income | 75 | €237 | €3 | -€234 | -98.9% |
| Financial charges | 65/66B | €463 | €3,903 | +€3,440 | +743.3% |
| Recurring financial charges | 65 | €463 | €3,903 | +€3,440 | +743.3% |
| Profit (loss) for the period before taxes | 9903 | €12,946 | €10,790 | -€2,156 | -16.7% |
| Income taxes | 67/77 | €3,230 | €3,040 | -€190 | -5.9% |
| Profit (loss) for the period | 9904 | €9,716 | €7,750 | -€1,966 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,716 | €7,750 | -€1,966 | -20.2% |
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 4 October 2026 via checked.be.