Kajoma: 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.
Kajoma
Largest movements
- Tangible fixed assets -€107,547
down €107,547 (-29.5%), from €364,991 to €257,444
- Cash +€74,027
up €74,027 (+92.0%), from €80,459 to €154,485
mainly Depreciation (+€78,109) and Investment in fixed assets (net) (+€29,438)
- Stocks and contracts -€7,799
down €7,799 (-43.9%), from €17,781 to €9,982
- Receivables within one year +€6,432
new in 2025: €6,432
- Debts after one year -€52,991
down €52,991 (-18.0%), from €294,636 to €241,644
- Other debts +€19,287
new in 2025: €19,287
- Reserves -€8,454
down €8,454 (-20.9%), from €40,452 to €31,998
of which Distributable reserves: -€8,454
- Tax, wage and social debts +€6,260
up €6,260 (+362%), from €1,730 to €7,989
of which Remuneration and social security: +€3,613
- Gross operating margin +€55,159
up €55,159 (+50.4%), from €109,534 to €164,693
- Staff costs +€36,554
up €36,554 (+471%), from €7,758 to €44,312
- Taxes +€7,246
up €7,246, from -€16 to €7,229
- Depreciation -€6,914
down €6,914 (-8.1%), from €85,024 to €78,109
- Other operating charges +€6,222
up €6,222 (+158%), from €3,947 to €10,169
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 | €463,262 | €428,376 | -€34,887 | -7.5% |
| Fixed assets | 21/28 | €365,023 | €257,476 | -€107,547 | -29.5% |
| Tangible fixed assets | 22/27 | €364,991 | €257,444 | -€107,547 | -29.5% |
| Land and buildings | 22 | €229,398 | €190,605 | -€38,793 | -16.9% |
| Plant, machinery and equipment | 23 | €102,890 | €65,723 | -€37,168 | -36.1% |
| Furniture and vehicles | 24 | €20,801 | €1,116 | -€19,685 | -94.6% |
| Leasing and similar rights | 25 | €11,902 | - | -€11,902 | |
| Financial fixed assets | 28 | €32 | €32 | = | 0.0% |
| Current assets | 29/58 | €98,239 | €170,900 | +€72,661 | +74.0% |
| Stocks and contracts in progress | 3 | €17,781 | €9,982 | -€7,799 | -43.9% |
| Stocks | 30/36 | €17,781 | €9,982 | -€7,799 | -43.9% |
| Amounts receivable within one year | 40/41 | - | €6,432 | +€6,432 | |
| Other amounts receivable | 41 | - | €6,432 | +€6,432 | |
| Cash at bank and in hand | 54/58 | €80,459 | €154,485 | +€74,027 | +92.0% |
| Total equity and liabilities | 10/49 | €463,262 | €428,376 | -€34,887 | -7.5% |
| Equity | 10/15 | €109,207 | €100,598 | -€8,609 | -7.9% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €40,452 | €31,998 | -€8,454 | -20.9% |
| Non-distributable reserves | 130/1 | €5,800 | €5,800 | = | 0.0% |
| Other | 1319 | €5,800 | €5,800 | = | 0.0% |
| Distributable reserves | 133 | €34,652 | €26,198 | -€8,454 | -24.4% |
| Profit (loss) carried forward | 14 | €154 | - | -€154 | |
| Amounts payable | 17/49 | €354,056 | €327,777 | -€26,278 | -7.4% |
| Amounts payable after more than one year | 17 | €294,636 | €241,644 | -€52,991 | -18.0% |
| Financial debts | 170/4 | €294,636 | €241,644 | -€52,991 | -18.0% |
| Amounts payable within one year | 42/48 | €59,420 | €86,133 | +€26,713 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €51,746 | €52,991 | +€1,245 | +2.4% |
| Trade debts | 44 | €5,945 | €5,866 | -€79 | -1.3% |
| Suppliers | 440/4 | €5,945 | €5,866 | -€79 | -1.3% |
| Taxes, remuneration and social security | 45 | €1,730 | €7,989 | +€6,260 | +362% |
| Taxes | 450/3 | €1,730 | €4,376 | +€2,646 | +153% |
| Remuneration and social security | 454/9 | - | €3,613 | +€3,613 | |
| Other amounts payable | 47/48 | - | €19,287 | +€19,287 | |
| Remuneration, social security and pensions | 62 | €7,758 | €44,312 | +€36,554 | +471% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,024 | €78,109 | -€6,914 | -8.1% |
| Other operating charges | 640/8 | €3,947 | €10,169 | +€6,222 | +158% |
| Gross operating margin | 9900 | €109,534 | €164,693 | +€55,159 | +50.4% |
| Operating profit (loss) | 9901 | €12,806 | €32,103 | +€19,297 | +151% |
| Financial income | 75/76B | €65 | €91 | +€27 | +41.4% |
| Recurring financial income | 75 | €65 | €91 | +€27 | +41.4% |
| Financial charges | 65/66B | €12,182 | €14,287 | +€2,105 | +17.3% |
| Recurring financial charges | 65 | €12,182 | €14,287 | +€2,105 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €688 | €17,908 | +€17,219 | +2,502% |
| Income taxes | 67/77 | -€16 | €7,229 | +€7,246 | |
| Profit (loss) for the period | 9904 | €705 | €10,678 | +€9,974 | +1,415% |
| Profit (loss) for the period to be appropriated | 9905 | €705 | €10,678 | +€9,974 | +1,415% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.