KAJEN: 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.
KAJEN
Largest movements
- Cash +€591,736
up €591,736 (+1001.8%), from €59,067 to €650,803
mainly Net result for the year (+€656,340) and Receivables within one year (+€338,402)
- Receivables within one year -€338,402
down €338,402 (-89.2%), from €379,490 to €41,087
of which Other amounts receivable: -€331,955
- Tangible fixed assets -€51,466
down €51,466 (-4.6%), from €1.1m to €1.1m
of which Land and buildings: -€50,059
- Tax, wage and social debts +€128,931
up €128,931 (+1609.3%), from €8,011 to €136,942
- Reserves +€103,190
up €103,190 (+14.1%), from €729,464 to €832,654
- Accrued charges and deferred income +€75,000
up €75,000, from €0 to €75,000
- Debts after one year -€52,931
down €52,931 (-7.4%), from €710,911 to €657,980
- Trade debts -€37,195
down €37,195 (-84.6%), from €43,983 to €6,788
- Gross operating margin +€432,268
up €432,268 (+116.4%), from €371,486 to €803,754
- Other operating charges -€72,283
down €72,283 (-85.5%), from €84,583 to €12,300
- Taxes +€54,537
up €54,537 (+352.7%), from €15,461 to €69,998
- Depreciation -€14,031
down €14,031 (-21.4%), from €65,497 to €51,466
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 | €1,585,505 | €1,787,984 | +€202,479 | +12.8% |
| Fixed assets | 21/28 | €1,141,475 | €1,090,009 | -€51,466 | -4.5% |
| Tangible fixed assets | 22/27 | €1,110,275 | €1,058,809 | -€51,466 | -4.6% |
| Land and buildings | 22 | €1,105,606 | €1,055,548 | -€50,059 | -4.5% |
| Plant, machinery and equipment | 23 | €1,949 | €661 | -€1,288 | -66.1% |
| Furniture and vehicles | 24 | €2,720 | €2,600 | -€120 | -4.4% |
| Financial fixed assets | 28 | €31,200 | €31,200 | = | 0.0% |
| Current assets | 29/58 | €444,029 | €697,975 | +€253,946 | +57.2% |
| Amounts receivable within one year | 40/41 | €379,490 | €41,087 | -€338,402 | -89.2% |
| Trade receivables | 40 | €20,946 | €14,499 | -€6,447 | -30.8% |
| Other amounts receivable | 41 | €358,543 | €26,588 | -€331,955 | -92.6% |
| Cash at bank and in hand | 54/58 | €59,067 | €650,803 | +€591,736 | +1001.8% |
| Deferred charges and accrued income | 490/1 | €5,473 | €6,085 | +€612 | +11.2% |
| Total equity and liabilities | 10/49 | €1,585,505 | €1,787,984 | +€202,479 | +12.8% |
| Equity | 10/15 | €748,056 | €851,246 | +€103,190 | +13.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €729,464 | €832,654 | +€103,190 | +14.1% |
| Distributable reserves | 133 | €729,464 | €832,654 | +€103,190 | +14.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €837,448 | €936,737 | +€99,289 | +11.9% |
| Amounts payable after more than one year | 17 | €710,911 | €657,980 | -€52,931 | -7.4% |
| Financial debts | 170/4 | €710,911 | €657,980 | -€52,931 | -7.4% |
| Amounts payable within one year | 42/48 | €126,538 | €203,757 | +€77,219 | +61.0% |
| Current portion of amounts payable after more than one year | 42 | €54,919 | €52,931 | -€1,988 | -3.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €43,983 | €6,788 | -€37,195 | -84.6% |
| Suppliers | 440/4 | €43,983 | €6,788 | -€37,195 | -84.6% |
| Taxes, remuneration and social security | 45 | €8,011 | €136,942 | +€128,931 | +1609.3% |
| Taxes | 450/3 | €8,011 | €136,942 | +€128,931 | +1609.3% |
| Other amounts payable | 47/48 | €19,624 | €7,096 | -€12,528 | -63.8% |
| Accrued charges and deferred income | 492/3 | €0 | €75,000 | +€75,000 | |
| Non-recurring operating income | 76A | €84,266 | €1,645 | -€82,621 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,497 | €51,466 | -€14,031 | -21.4% |
| Other operating charges | 640/8 | €84,583 | €12,300 | -€72,283 | -85.5% |
| Gross operating margin | 9900 | €371,486 | €803,754 | +€432,268 | +116.4% |
| Operating profit (loss) | 9901 | €221,406 | €739,988 | +€518,582 | +234.2% |
| Financial income | 75/76B | €23,027 | €25,585 | +€2,559 | +11.1% |
| Recurring financial income | 75 | €23,027 | €25,585 | +€2,559 | +11.1% |
| Financial charges | 65/66B | €46,951 | €39,236 | -€7,716 | -16.4% |
| Recurring financial charges | 65 | €46,951 | €39,236 | -€7,716 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €197,482 | €726,338 | +€528,856 | +267.8% |
| Income taxes | 67/77 | €15,461 | €69,998 | +€54,537 | +352.7% |
| Profit (loss) for the period | 9904 | €182,021 | €656,340 | +€474,319 | +260.6% |
| Profit (loss) for the period to be appropriated | 9905 | €182,021 | €656,340 | +€474,319 | +260.6% |
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.