Kaizen Project Management: 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 Project Management
Largest movements
- Cash +€86,246
up €86,246 (+72.7%), from €118,704 to €204,950
mainly Net result for the year (+€89,435) and Tax, wage and social debts (+€24,820)
- Tangible fixed assets +€30,811
up €30,811 (+747.6%), from €4,121 to €34,932
of which Other tangible fixed assets: +€31,837
- Receivables within one year -€3,297
down €3,297 (-20.4%), from €16,172 to €12,874
- Profit (loss) carried forward +€89,435
up €89,435 (+85.5%), from €104,543 to €193,977
- Tax, wage and social debts +€24,820
up €24,820 (+89.5%), from €27,738 to €52,558
- Gross operating margin +€24,465
up €24,465 (+26.1%), from €93,646 to €118,111
- Taxes +€5,612
up €5,612 (+29.2%), from €19,233 to €24,845
- Depreciation +€1,265
up €1,265 (+120.8%), from €1,047 to €2,313
- Financial charges +€1,224
up €1,224 (+402.0%), from €304 to €1,528
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 | €138,997 | €252,756 | +€113,759 | +81.8% |
| Fixed assets | 21/28 | €4,121 | €34,932 | +€30,811 | +747.6% |
| Tangible fixed assets | 22/27 | €4,121 | €34,932 | +€30,811 | +747.6% |
| Plant, machinery and equipment | 23 | €1,066 | €417 | -€648 | -60.8% |
| Furniture and vehicles | 24 | €1,335 | €957 | -€378 | -28.3% |
| Other tangible fixed assets | 26 | €1,721 | €33,558 | +€31,837 | +1850.3% |
| Current assets | 29/58 | €134,876 | €217,824 | +€82,949 | +61.5% |
| Amounts receivable within one year | 40/41 | €16,172 | €12,874 | -€3,297 | -20.4% |
| Trade receivables | 40 | €16,172 | €12,874 | -€3,297 | -20.4% |
| Cash at bank and in hand | 54/58 | €118,704 | €204,950 | +€86,246 | +72.7% |
| Total equity and liabilities | 10/49 | €138,997 | €252,756 | +€113,759 | +81.8% |
| Equity | 10/15 | €106,543 | €195,977 | +€89,435 | +83.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,543 | €193,977 | +€89,435 | +85.5% |
| Amounts payable | 17/49 | €32,454 | €56,779 | +€24,325 | +75.0% |
| Amounts payable within one year | 42/48 | €32,454 | €56,779 | +€24,325 | +75.0% |
| Trade debts | 44 | €259 | €27 | -€232 | -89.4% |
| Suppliers | 440/4 | €259 | €27 | -€232 | -89.4% |
| Taxes, remuneration and social security | 45 | €27,738 | €52,558 | +€24,820 | +89.5% |
| Taxes | 450/3 | €27,738 | €52,558 | +€24,820 | +89.5% |
| Other amounts payable | 47/48 | €4,457 | €4,194 | -€264 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,047 | €2,313 | +€1,265 | +120.8% |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Gross operating margin | 9900 | €93,646 | €118,111 | +€24,465 | +26.1% |
| Operating profit (loss) | 9901 | €92,598 | €115,732 | +€23,134 | +25.0% |
| Financial income | 75/76B | - | €75 | +€75 | |
| Recurring financial income | 75 | - | €75 | +€75 | |
| Financial charges | 65/66B | €304 | €1,528 | +€1,224 | +402.0% |
| Recurring financial charges | 65 | €304 | €1,528 | +€1,224 | +402.0% |
| Profit (loss) for the period before taxes | 9903 | €92,294 | €114,279 | +€21,985 | +23.8% |
| Income taxes | 67/77 | €19,233 | €24,845 | +€5,612 | +29.2% |
| Profit (loss) for the period | 9904 | €73,061 | €89,435 | +€16,373 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,061 | €89,435 | +€16,373 | +22.4% |
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 12 October 2026 via checked.be.