Kajko: what changed
Kajko
Largest movements
- Current investments +€49,711
new in 2025: €49,711
- Cash -€23,428
down €23,428 (-34.7%), from €67,524 to €44,096
mainly Current investments (-€49,711) and Receivables within one year (-€16,639)
- Receivables within one year +€16,639
up €16,639 (+124%), from €13,371 to €30,010
of which Other amounts receivable: +€14,794
- Tangible fixed assets +€6,471
up €6,471 (+159%), from €4,080 to €10,551
of which Furniture and vehicles: +€3,635
- Reserves +€52,301
up €52,301 (+88.0%), from €59,433 to €111,734
- Tax, wage and social debts -€2,753
down €2,753 (-11.8%), from €23,310 to €20,557
of which Taxes: -€1,419
- Gross operating margin -€8,855
down €8,855 (-11.2%), from €79,310 to €70,455
- Taxes -€1,766
down €1,766 (-11.3%), from €15,605 to €13,838
- Depreciation +€1,404
up €1,404 (+88.0%), from €1,595 to €3,000
- Financial charges -€884
down €884 (-36.2%), from €2,443 to €1,559
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,485 | €134,908 | +€49,422 | +57.8% |
| Fixed assets | 21/28 | €4,080 | €10,551 | +€6,471 | +159% |
| Tangible fixed assets | 22/27 | €4,080 | €10,551 | +€6,471 | +159% |
| Furniture and vehicles | 24 | €2,490 | €6,125 | +€3,635 | +146% |
| Other tangible fixed assets | 26 | €1,591 | €4,426 | +€2,836 | +178% |
| Current assets | 29/58 | €81,405 | €124,356 | +€42,951 | +52.8% |
| Amounts receivable within one year | 40/41 | €13,371 | €30,010 | +€16,639 | +124% |
| Trade receivables | 40 | €13,371 | €15,216 | +€1,845 | +13.8% |
| Other amounts receivable | 41 | - | €14,794 | +€14,794 | |
| Current investments | 50/53 | - | €49,711 | +€49,711 | |
| Cash at bank and in hand | 54/58 | €67,524 | €44,096 | -€23,428 | -34.7% |
| Deferred charges and accrued income | 490/1 | €510 | €539 | +€29 | +5.8% |
| Total equity and liabilities | 10/49 | €85,485 | €134,908 | +€49,422 | +57.8% |
| Equity | 10/15 | €61,233 | €113,534 | +€52,301 | +85.4% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Reserves | 13 | €59,433 | €111,734 | +€52,301 | +88.0% |
| Distributable reserves | 133 | €59,433 | €111,734 | +€52,301 | +88.0% |
| Amounts payable | 17/49 | €24,252 | €21,374 | -€2,878 | -11.9% |
| Amounts payable within one year | 42/48 | €24,252 | €21,374 | -€2,878 | -11.9% |
| Trade debts | 44 | €942 | €817 | -€125 | -13.3% |
| Suppliers | 440/4 | €942 | €817 | -€125 | -13.3% |
| Taxes, remuneration and social security | 45 | €23,310 | €20,557 | -€2,753 | -11.8% |
| Taxes | 450/3 | €21,976 | €20,557 | -€1,419 | -6.5% |
| Remuneration and social security | 454/9 | €1,334 | €0 | -€1,334 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,595 | €3,000 | +€1,404 | +88.0% |
| Other operating charges | 640/8 | €287 | €183 | -€104 | -36.1% |
| Gross operating margin | 9900 | €79,310 | €70,455 | -€8,855 | -11.2% |
| Operating profit (loss) | 9901 | €77,427 | €67,272 | -€10,155 | -13.1% |
| Financial income | 75/76B | €54 | €426 | +€372 | +688% |
| Recurring financial income | 75 | €54 | €426 | +€372 | +688% |
| Financial charges | 65/66B | €2,443 | €1,559 | -€884 | -36.2% |
| Recurring financial charges | 65 | €2,443 | €1,559 | -€884 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €75,038 | €66,139 | -€8,899 | -11.9% |
| Income taxes | 67/77 | €15,605 | €13,838 | -€1,766 | -11.3% |
| Profit (loss) for the period | 9904 | €59,433 | €52,301 | -€7,133 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,433 | €52,301 | -€7,133 | -12.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.