KAJA & CO: 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.
KAJA & CO
Largest movements
- Receivables within one year -€63,085
down €63,085 (-81.3%), from €77,587 to €14,502
of which Trade receivables: -€63,997
- Stocks and contracts -€13,036
no longer reported in 2025 (was €13,036)
- Cash +€6,152
up €6,152 (+23.2%), from €26,517 to €32,670
mainly Receivables within one year (+€63,085) and Net result for the year (+€33,011)
- Tangible fixed assets -€1,849
down €1,849 (-35.2%), from €5,247 to €3,397
- Other debts -€99,775
down €99,775 (-89.1%), from €111,920 to €12,146
- Profit (loss) carried forward +€33,011
up €33,011 (+89.3%), from -€36,956 to -€3,944
- Trade debts -€8,830
down €8,830 (-19.4%), from €45,423 to €36,593
- Tax, wage and social debts +€3,775
up €3,775, from €0 to €3,775
- Gross operating margin +€35,477
up €35,477, from -€303 to €35,174
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 | €122,387 | €50,569 | -€71,819 | -58.7% |
| Fixed assets | 21/28 | €5,247 | €3,397 | -€1,849 | -35.2% |
| Tangible fixed assets | 22/27 | €5,247 | €3,397 | -€1,849 | -35.2% |
| Furniture and vehicles | 24 | €5,247 | €3,397 | -€1,849 | -35.2% |
| Current assets | 29/58 | €117,141 | €47,171 | -€69,969 | -59.7% |
| Stocks and contracts in progress | 3 | €13,036 | - | -€13,036 | |
| Stocks | 30/36 | €13,036 | - | -€13,036 | |
| Amounts receivable within one year | 40/41 | €77,587 | €14,502 | -€63,085 | -81.3% |
| Trade receivables | 40 | €73,028 | €9,031 | -€63,997 | -87.6% |
| Other amounts receivable | 41 | €4,559 | €5,471 | +€912 | +20.0% |
| Cash at bank and in hand | 54/58 | €26,517 | €32,670 | +€6,152 | +23.2% |
| Total equity and liabilities | 10/49 | €122,387 | €50,569 | -€71,819 | -58.7% |
| Equity | 10/15 | -€34,956 | -€1,944 | +€33,011 | +94.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,956 | -€3,944 | +€33,011 | +89.3% |
| Amounts payable | 17/49 | €157,343 | €52,513 | -€104,830 | -66.6% |
| Amounts payable within one year | 42/48 | €157,343 | €52,513 | -€104,830 | -66.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €45,423 | €36,593 | -€8,830 | -19.4% |
| Suppliers | 440/4 | €45,423 | €36,593 | -€8,830 | -19.4% |
| Taxes, remuneration and social security | 45 | €0 | €3,775 | +€3,775 | |
| Taxes | 450/3 | €0 | €3,775 | +€3,775 | |
| Other amounts payable | 47/48 | €111,920 | €12,146 | -€99,775 | -89.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,849 | €1,849 | = | 0.0% |
| Other operating charges | 640/8 | €74 | €242 | +€168 | +227% |
| Gross operating margin | 9900 | -€303 | €35,174 | +€35,477 | |
| Operating profit (loss) | 9901 | -€2,226 | €33,083 | +€35,309 | |
| Financial charges | 65/66B | €360 | €71 | -€288 | -80.1% |
| Recurring financial charges | 65 | €360 | €71 | -€288 | -80.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€2,586 | €33,011 | +€35,598 | |
| Profit (loss) for the period | 9904 | -€2,586 | €33,011 | +€35,598 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,586 | €33,011 | +€35,598 |
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 23 October 2026 via checked.be.