KAJA Express: 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 Express
Largest movements
- Tangible fixed assets -€30,598
down €30,598 (-18.2%), from €167,928 to €137,331
of which Other tangible fixed assets: -€20,342
- Receivables within one year -€13,484
down €13,484 (-99.6%), from €13,536 to €52
of which Trade receivables: -€10,755
- Cash +€4,320
up €4,320 (+2.6%), from €165,053 to €169,373
mainly Trade debts (+€162,347) and Depreciation (+€34,782)
- Profit (loss) carried forward -€175,904
down €175,904 (-316%), from -€55,595 to -€231,499
- Trade debts +€162,347
up €162,347 (+66.0%), from €245,928 to €408,275
- Debts after one year -€26,743
down €26,743 (-21.0%), from €127,628 to €100,886
- Tax, wage and social debts -€7,252
down €7,252 (-24.4%), from €29,703 to €22,451
of which Remuneration and social security: -€7,181
- Financial charges +€76,017
up €76,017 (+358%), from €21,225 to €97,242
of which Non-recurring financial charges: +€70,955
- Gross operating margin -€17,952
down €17,952 (-14.1%), from €127,495 to €109,543
- Staff costs +€4,014
up €4,014 (+2.9%), from €139,149 to €143,163
- Other operating charges +€2,889
up €2,889 (+39.1%), from €7,381 to €10,270
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 | €425,725 | €382,628 | -€43,097 | -10.1% |
| Fixed assets | 21/28 | €167,928 | €137,331 | -€30,598 | -18.2% |
| Tangible fixed assets | 22/27 | €167,928 | €137,331 | -€30,598 | -18.2% |
| Plant, machinery and equipment | 23 | €14,986 | €11,156 | -€3,830 | -25.6% |
| Furniture and vehicles | 24 | €23,196 | €16,770 | -€6,426 | -27.7% |
| Other tangible fixed assets | 26 | €129,747 | €109,405 | -€20,342 | -15.7% |
| Current assets | 29/58 | €257,797 | €245,297 | -€12,500 | -4.8% |
| Stocks and contracts in progress | 3 | €78,547 | €75,357 | -€3,190 | -4.1% |
| Stocks | 30/36 | €78,547 | €75,357 | -€3,190 | -4.1% |
| Amounts receivable within one year | 40/41 | €13,536 | €52 | -€13,484 | -99.6% |
| Trade receivables | 40 | €10,807 | €52 | -€10,755 | -99.5% |
| Other amounts receivable | 41 | €2,729 | - | -€2,729 | |
| Cash at bank and in hand | 54/58 | €165,053 | €169,373 | +€4,320 | +2.6% |
| Deferred charges and accrued income | 490/1 | €661 | €515 | -€145 | -22.0% |
| Total equity and liabilities | 10/49 | €425,725 | €382,628 | -€43,097 | -10.1% |
| Equity | 10/15 | -€12,795 | -€188,699 | -€175,904 | -1,375% |
| Contributions | 10/11 | €42,800 | €42,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,595 | -€231,499 | -€175,904 | -316% |
| Amounts payable | 17/49 | €438,520 | €571,327 | +€132,807 | +30.3% |
| Amounts payable after more than one year | 17 | €127,628 | €100,886 | -€26,743 | -21.0% |
| Financial debts | 170/4 | €127,628 | €100,886 | -€26,743 | -21.0% |
| Amounts payable within one year | 42/48 | €310,892 | €470,442 | +€159,549 | +51.3% |
| Current portion of amounts payable after more than one year | 42 | €25,992 | €26,743 | +€751 | +2.9% |
| Trade debts | 44 | €245,928 | €408,275 | +€162,347 | +66.0% |
| Suppliers | 440/4 | €245,928 | €408,275 | +€162,347 | +66.0% |
| Taxes, remuneration and social security | 45 | €29,703 | €22,451 | -€7,252 | -24.4% |
| Taxes | 450/3 | €93 | €22 | -€71 | -76.7% |
| Remuneration and social security | 454/9 | €29,610 | €22,429 | -€7,181 | -24.3% |
| Other amounts payable | 47/48 | €9,269 | €12,973 | +€3,704 | +40.0% |
| Remuneration, social security and pensions | 62 | €139,149 | €143,163 | +€4,014 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,695 | €34,782 | +€1,087 | +3.2% |
| Other operating charges | 640/8 | €7,381 | €10,270 | +€2,889 | +39.1% |
| Gross operating margin | 9900 | €127,495 | €109,543 | -€17,952 | -14.1% |
| Operating profit (loss) | 9901 | -€52,730 | -€78,672 | -€25,942 | -49.2% |
| Financial income | 75/76B | €88 | €10 | -€78 | -88.6% |
| Recurring financial income | 75 | €88 | €10 | -€78 | -88.6% |
| Financial charges | 65/66B | €21,225 | €97,242 | +€76,017 | +358% |
| Recurring financial charges | 65 | €21,225 | €26,287 | +€5,061 | +23.8% |
| Non-recurring financial charges | 66B | - | €70,955 | +€70,955 | |
| Profit (loss) for the period before taxes | 9903 | -€73,868 | -€175,904 | -€102,036 | -138% |
| Profit (loss) for the period | 9904 | -€73,868 | -€175,904 | -€102,036 | -138% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,868 | -€175,904 | -€102,036 | -138% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.