KAIZEN-IUS: 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-IUS
Largest movements
- Current investments +€67,560
up €67,560 (+168.9%), from €40,000 to €107,560
- Receivables within one year -€22,834
down €22,834 (-74.5%), from €30,664 to €7,830
of which Trade receivables: -€28,065
- Financial fixed assets +€19,700
new in 2025: €19,700
- Other debts +€55,865
up €55,865 (+1060.7%), from €5,267 to €61,132
- Tax, wage and social debts +€6,277
up €6,277 (+21.1%), from €29,775 to €36,052
of which Taxes: +€3,817
- Gross operating margin -€12,012
down €12,012 (-14.6%), from €82,033 to €70,021
- Taxes -€8,523
down €8,523 (-36.4%), from €23,394 to €14,871
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 | €191,037 | €254,385 | +€63,348 | +33.2% |
| Fixed assets | 21/28 | €2,320 | €21,390 | +€19,070 | +822.0% |
| Tangible fixed assets | 22/27 | €2,320 | €1,690 | -€630 | -27.2% |
| Furniture and vehicles | 24 | €2,320 | €1,690 | -€630 | -27.2% |
| Financial fixed assets | 28 | - | €19,700 | +€19,700 | |
| Current assets | 29/58 | €188,717 | €232,995 | +€44,278 | +23.5% |
| Amounts receivable within one year | 40/41 | €30,664 | €7,830 | -€22,834 | -74.5% |
| Trade receivables | 40 | €30,664 | €2,599 | -€28,065 | -91.5% |
| Other amounts receivable | 41 | - | €5,231 | +€5,231 | |
| Current investments | 50/53 | €40,000 | €107,560 | +€67,560 | +168.9% |
| Cash at bank and in hand | 54/58 | €117,324 | €116,972 | -€352 | -0.3% |
| Deferred charges and accrued income | 490/1 | €729 | €633 | -€96 | -13.2% |
| Total equity and liabilities | 10/49 | €191,037 | €254,385 | +€63,348 | +33.2% |
| Equity | 10/15 | €154,166 | €154,166 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €151,666 | €151,666 | = | 0.0% |
| Distributable reserves | 133 | €151,666 | €151,666 | = | 0.0% |
| Amounts payable | 17/49 | €36,871 | €100,219 | +€63,348 | +171.8% |
| Amounts payable within one year | 42/48 | €36,871 | €100,219 | +€63,348 | +171.8% |
| Trade debts | 44 | €1,829 | €3,035 | +€1,206 | +65.9% |
| Suppliers | 440/4 | €1,829 | €3,035 | +€1,206 | +65.9% |
| Taxes, remuneration and social security | 45 | €29,775 | €36,052 | +€6,277 | +21.1% |
| Taxes | 450/3 | €29,615 | €33,432 | +€3,817 | +12.9% |
| Remuneration and social security | 454/9 | €160 | €2,620 | +€2,460 | +1537.5% |
| Other amounts payable | 47/48 | €5,267 | €61,132 | +€55,865 | +1060.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €630 | €630 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €82,033 | €70,021 | -€12,012 | -14.6% |
| Operating profit (loss) | 9901 | €81,016 | €68,991 | -€12,025 | -14.8% |
| Financial income | 75/76B | €1,093 | €1,140 | +€47 | +4.3% |
| Recurring financial income | 75 | €1,093 | €1,140 | +€47 | +4.3% |
| Financial charges | 65/66B | €172 | €930 | +€758 | +440.7% |
| Recurring financial charges | 65 | €172 | €930 | +€758 | +440.7% |
| Profit (loss) for the period before taxes | 9903 | €81,937 | €69,201 | -€12,736 | -15.5% |
| Income taxes | 67/77 | €23,394 | €14,871 | -€8,523 | -36.4% |
| Profit (loss) for the period | 9904 | €58,543 | €54,330 | -€4,213 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,543 | €54,330 | -€4,213 | -7.2% |
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 9 October 2026 via checked.be.