KAJAKA: 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.
KAJAKA
Largest movements
- Cash +€3,582
up €3,582 (+3.1%), from €114,789 to €118,371
mainly Net result for the year (+€24,038) and Trade debts (+€9,072)
- Trade debts +€9,072
up €9,072 (+48,987%), from €19 to €9,091
- Reserves -€7,135
down €7,135 (-5.4%), from €131,203 to €124,068
- Gross operating margin +€7,741
up €7,741 (+39.3%), from €19,682 to €27,423
- Taxes +€2,305
up €2,305 (+28.4%), from €8,115 to €10,420
- Financial income +€1,114
up €1,114 (+15.5%), from €7,179 to €8,293
- Other operating charges -€484
down €484 (-45.2%), from €1,071 to €587
- Depreciation -€299
down €299 (-35.8%), from €835 to €536
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 | €178,119 | €180,267 | +€2,148 | +1.2% |
| Fixed assets | 21/28 | €12,139 | €11,603 | -€536 | -4.4% |
| Tangible fixed assets | 22/27 | €4,587 | €4,051 | -€536 | -11.7% |
| Furniture and vehicles | 24 | €587 | €51 | -€536 | -91.3% |
| Other tangible fixed assets | 26 | €4,000 | €4,000 | = | 0.0% |
| Financial fixed assets | 28 | €7,552 | €7,552 | = | 0.0% |
| Current assets | 29/58 | €165,980 | €168,664 | +€2,684 | +1.6% |
| Amounts receivable within one year | 40/41 | €47,854 | €47,454 | -€400 | -0.8% |
| Trade receivables | 40 | €2,183 | €17,793 | +€15,610 | +715% |
| Other amounts receivable | 41 | €45,671 | €29,661 | -€16,010 | -35.1% |
| Cash at bank and in hand | 54/58 | €114,789 | €118,371 | +€3,582 | +3.1% |
| Deferred charges and accrued income | 490/1 | €3,337 | €2,839 | -€497 | -14.9% |
| Total equity and liabilities | 10/49 | €178,119 | €180,267 | +€2,148 | +1.2% |
| Equity | 10/15 | €137,403 | €130,268 | -€7,135 | -5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,203 | €124,068 | -€7,135 | -5.4% |
| Distributable reserves | 133 | €131,203 | €124,068 | -€7,135 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €24,342 | €24,342 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,342 | €24,342 | = | 0.0% |
| Pensions and similar obligations | 160 | €24,342 | €24,342 | = | 0.0% |
| Amounts payable | 17/49 | €16,375 | €25,657 | +€9,283 | +56.7% |
| Amounts payable within one year | 42/48 | €15,375 | €24,657 | +€9,283 | +60.4% |
| Trade debts | 44 | €19 | €9,091 | +€9,072 | +48,987% |
| Suppliers | 440/4 | €19 | €9,091 | +€9,072 | +48,987% |
| Taxes, remuneration and social security | 45 | €15,356 | €15,566 | +€210 | +1.4% |
| Taxes | 450/3 | €15,356 | €15,566 | +€210 | +1.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Non-recurring operating income | 76A | €2,785 | €0 | -€2,785 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €835 | €536 | -€299 | -35.8% |
| Other operating charges | 640/8 | €1,071 | €587 | -€484 | -45.2% |
| Non-recurring operating charges | 66A | €8,100 | €0 | -€8,100 | -100% |
| Gross operating margin | 9900 | €19,682 | €27,423 | +€7,741 | +39.3% |
| Operating profit (loss) | 9901 | €9,676 | €26,300 | +€16,624 | +172% |
| Financial income | 75/76B | €7,179 | €8,293 | +€1,114 | +15.5% |
| Recurring financial income | 75 | €7,179 | €8,293 | +€1,114 | +15.5% |
| Financial charges | 65/66B | €234 | €134 | -€100 | -42.6% |
| Recurring financial charges | 65 | €234 | €134 | -€100 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €16,621 | €34,458 | +€17,837 | +107% |
| Income taxes | 67/77 | €8,115 | €10,420 | +€2,305 | +28.4% |
| Profit (loss) for the period | 9904 | €8,506 | €24,038 | +€15,532 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €8,506 | €24,038 | +€15,532 | +183% |
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 28 October 2026 via checked.be.