KajO Projects: 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.
KajO Projects
Largest movements
- Receivables within one year +€21,775
up €21,775 (+20.3%), from €107,435 to €129,210
of which Other amounts receivable: +€93,200
- Tangible fixed assets -€8,498
down €8,498 (-16.1%), from €52,649 to €44,151
of which Plant, machinery and equipment: -€5,630
- Deferred charges and accrued income -€3,437
down €3,437 (-93.6%), from €3,672 to €234
- Other debts +€18,805
up €18,805 (+17.1%), from €109,902 to €128,707
- Trade debts -€12,711
down €12,711 (-64.8%), from €19,604 to €6,893
- Profit (loss) carried forward +€2,927
up €2,927 (+8.4%), from €34,951 to €37,878
- Staff costs -€78,026
down €78,026 (-100%), from €78,026 to €0
- Gross operating margin -€49,282
down €49,282 (-56.3%), from €87,523 to €38,241
- Other operating charges +€16,923
up €16,923 (+1,739%), from €973 to €17,896
- Depreciation +€10,392
up €10,392 (+346%), from €3,000 to €13,392
- Financial charges +€1,832
up €1,832 (+183%), from €1,000 to €2,832
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 | €167,602 | €176,829 | +€9,227 | +5.5% |
| Fixed assets | 21/28 | €52,649 | €44,151 | -€8,498 | -16.1% |
| Tangible fixed assets | 22/27 | €52,649 | €44,151 | -€8,498 | -16.1% |
| Plant, machinery and equipment | 23 | €13,610 | €7,980 | -€5,630 | -41.4% |
| Furniture and vehicles | 24 | €39,039 | €36,171 | -€2,868 | -7.3% |
| Current assets | 29/58 | €114,953 | €132,678 | +€17,726 | +15.4% |
| Amounts receivable within one year | 40/41 | €107,435 | €129,210 | +€21,775 | +20.3% |
| Trade receivables | 40 | €77,962 | €6,538 | -€71,425 | -91.6% |
| Other amounts receivable | 41 | €29,473 | €122,672 | +€93,200 | +316% |
| Cash at bank and in hand | 54/58 | €3,846 | €3,234 | -€612 | -15.9% |
| Deferred charges and accrued income | 490/1 | €3,672 | €234 | -€3,437 | -93.6% |
| Total equity and liabilities | 10/49 | €167,602 | €176,829 | +€9,227 | +5.5% |
| Equity | 10/15 | €35,951 | €38,878 | +€2,927 | +8.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,951 | €37,878 | +€2,927 | +8.4% |
| Amounts payable | 17/49 | €131,651 | €137,951 | +€6,300 | +4.8% |
| Amounts payable within one year | 42/48 | €131,651 | €137,951 | +€6,300 | +4.8% |
| Trade debts | 44 | €19,604 | €6,893 | -€12,711 | -64.8% |
| Suppliers | 440/4 | €19,604 | €6,893 | -€12,711 | -64.8% |
| Taxes, remuneration and social security | 45 | €2,146 | €2,352 | +€206 | +9.6% |
| Taxes | 450/3 | €2,146 | €2,352 | +€206 | +9.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €109,902 | €128,707 | +€18,805 | +17.1% |
| Remuneration, social security and pensions | 62 | €78,026 | €0 | -€78,026 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,000 | €13,392 | +€10,392 | +346% |
| Other operating charges | 640/8 | €973 | €17,896 | +€16,923 | +1,739% |
| Non-recurring operating charges | 66A | - | €256 | +€256 | |
| Gross operating margin | 9900 | €87,523 | €38,241 | -€49,282 | -56.3% |
| Operating profit (loss) | 9901 | €5,524 | €6,697 | +€1,173 | +21.2% |
| Financial income | 75/76B | €309 | €342 | +€33 | +10.7% |
| Recurring financial income | 75 | €309 | €342 | +€33 | +10.7% |
| Financial charges | 65/66B | €1,000 | €2,832 | +€1,832 | +183% |
| Recurring financial charges | 65 | €1,000 | €2,832 | +€1,832 | +183% |
| Profit (loss) for the period before taxes | 9903 | €4,833 | €4,207 | -€626 | -13.0% |
| Income taxes | 67/77 | €1,450 | €1,280 | -€171 | -11.8% |
| Profit (loss) for the period | 9904 | €3,382 | €2,927 | -€455 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,382 | €2,927 | -€455 | -13.5% |
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 24 October 2026 via checked.be.