KAJA25: 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.
KAJA25
Largest movements
- Tangible fixed assets -€7,192
down €7,192 (-60.8%), from €11,832 to €4,639
of which Furniture and vehicles: -€4,633
- Cash +€5,389
up €5,389 (+37.0%), from €14,552 to €19,941
mainly Investment in fixed assets (net) (+€6,653) and Net result for the year (+€4,700)
- Receivables within one year +€1,599
up €1,599 (+16.9%), from €9,450 to €11,049
- Deferred charges and accrued income -€1,515
down €1,515 (-50.0%), from €3,030 to €1,515
- Other debts -€6,362
down €6,362 (-54.2%), from €11,728 to €5,366
- Profit (loss) carried forward +€4,700
up €4,700 (+29.7%), from €15,816 to €20,516
- Tax, wage and social debts -€1,461
down €1,461 (-19.4%), from €7,542 to €6,080
- Trade debts +€1,404
up €1,404 (+79.0%), from €1,778 to €3,182
- Other operating charges +€6,067
up €6,067 (+797%), from €761 to €6,828
- Depreciation -€2,415
down €2,415 (-81.7%), from €2,955 to €540
- Gross operating margin -€1,184
down €1,184 (-6.8%), from €17,404 to €16,220
- Taxes -€999
down €999 (-30.5%), from €3,274 to €2,275
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 | €38,863 | €37,144 | -€1,719 | -4.4% |
| Fixed assets | 21/28 | €11,832 | €4,639 | -€7,192 | -60.8% |
| Tangible fixed assets | 22/27 | €11,832 | €4,639 | -€7,192 | -60.8% |
| Plant, machinery and equipment | 23 | €6,045 | €3,486 | -€2,559 | -42.3% |
| Furniture and vehicles | 24 | €5,786 | €1,153 | -€4,633 | -80.1% |
| Current assets | 29/58 | €27,032 | €32,505 | +€5,473 | +20.2% |
| Amounts receivable within one year | 40/41 | €9,450 | €11,049 | +€1,599 | +16.9% |
| Trade receivables | 40 | €9,450 | €11,049 | +€1,599 | +16.9% |
| Cash at bank and in hand | 54/58 | €14,552 | €19,941 | +€5,389 | +37.0% |
| Deferred charges and accrued income | 490/1 | €3,030 | €1,515 | -€1,515 | -50.0% |
| Total equity and liabilities | 10/49 | €38,863 | €37,144 | -€1,719 | -4.4% |
| Equity | 10/15 | €17,816 | €22,516 | +€4,700 | +26.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,816 | €20,516 | +€4,700 | +29.7% |
| Amounts payable | 17/49 | €21,047 | €14,628 | -€6,419 | -30.5% |
| Amounts payable within one year | 42/48 | €21,047 | €14,628 | -€6,419 | -30.5% |
| Trade debts | 44 | €1,778 | €3,182 | +€1,404 | +79.0% |
| Suppliers | 440/4 | €1,778 | €3,182 | +€1,404 | +79.0% |
| Taxes, remuneration and social security | 45 | €7,542 | €6,080 | -€1,461 | -19.4% |
| Taxes | 450/3 | €7,542 | €6,080 | -€1,461 | -19.4% |
| Other amounts payable | 47/48 | €11,728 | €5,366 | -€6,362 | -54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,955 | €540 | -€2,415 | -81.7% |
| Other operating charges | 640/8 | €761 | €6,828 | +€6,067 | +797% |
| Gross operating margin | 9900 | €17,404 | €16,220 | -€1,184 | -6.8% |
| Operating profit (loss) | 9901 | €13,689 | €8,853 | -€4,836 | -35.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -81.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -81.3% |
| Financial charges | 65/66B | €1,819 | €1,878 | +€59 | +3.2% |
| Recurring financial charges | 65 | €1,819 | €1,878 | +€59 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €11,870 | €6,975 | -€4,895 | -41.2% |
| Income taxes | 67/77 | €3,274 | €2,275 | -€999 | -30.5% |
| Profit (loss) for the period | 9904 | €8,596 | €4,700 | -€3,896 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,596 | €4,700 | -€3,896 | -45.3% |
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 20 October 2026 via checked.be.