KAJOU: what changed
Two fiscal 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.
KAJOU
Largest movements
- Receivables within one year -€5,659
down €5,659 (-34.3%), from €16,490 to €10,831
of which Trade receivables: -€4,509
- Tangible fixed assets +€3,819
up €3,819 (+111.4%), from €3,429 to €7,247
- Cash -€1,198
down €1,198 (-1.4%), from €88,678 to €87,481
mainly Investment in fixed assets (net) (-€6,500) and Other debts (-€2,299)
- Other debts -€2,299
down €2,299 (-14.5%), from €15,906 to €13,607
- Gross operating margin -€4,308
down €4,308 (-57.4%), from €7,502 to €3,194
- Taxes -€373
down €373 (-86.2%), from €433 to €60
- Financial charges +€223
up €223 (+302.0%), from €74 to €297
- Depreciation -€118
down €118 (-4.2%), from €2,799 to €2,681
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 | €109,175 | €106,148 | -€3,027 | -2.8% |
| Fixed assets | 21/28 | €3,429 | €7,247 | +€3,819 | +111.4% |
| Tangible fixed assets | 22/27 | €3,429 | €7,247 | +€3,819 | +111.4% |
| Furniture and vehicles | 24 | €3,429 | €7,247 | +€3,819 | +111.4% |
| Current assets | 29/58 | €105,746 | €98,900 | -€6,846 | -6.5% |
| Amounts receivable within one year | 40/41 | €16,490 | €10,831 | -€5,659 | -34.3% |
| Trade receivables | 40 | €15,019 | €10,510 | -€4,509 | -30.0% |
| Other amounts receivable | 41 | €1,471 | €321 | -€1,150 | -78.2% |
| Cash at bank and in hand | 54/58 | €88,678 | €87,481 | -€1,198 | -1.4% |
| Deferred charges and accrued income | 490/1 | €577 | €589 | +€12 | +2.0% |
| Total equity and liabilities | 10/49 | €109,175 | €106,148 | -€3,027 | -2.8% |
| Equity | 10/15 | €92,164 | €91,853 | -€311 | -0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,964 | €85,653 | -€311 | -0.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €84,105 | €83,794 | -€311 | -0.4% |
| Amounts payable | 17/49 | €17,010 | €14,295 | -€2,716 | -16.0% |
| Amounts payable within one year | 42/48 | €17,010 | €14,295 | -€2,716 | -16.0% |
| Trade debts | 44 | €540 | €194 | -€345 | -64.0% |
| Suppliers | 440/4 | €540 | €194 | -€345 | -64.0% |
| Taxes, remuneration and social security | 45 | €565 | €493 | -€72 | -12.7% |
| Taxes | 450/3 | €565 | €493 | -€72 | -12.7% |
| Other amounts payable | 47/48 | €15,906 | €13,607 | -€2,299 | -14.5% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,799 | €2,681 | -€118 | -4.2% |
| Other operating charges | 640/8 | €460 | €471 | +€11 | +2.4% |
| Gross operating margin | 9900 | €7,502 | €3,194 | -€4,308 | -57.4% |
| Operating profit (loss) | 9901 | €4,244 | €42 | -€4,201 | -99.0% |
| Financial income | 75/76B | €2 | €3 | +€1 | +24.5% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +24.5% |
| Financial charges | 65/66B | €74 | €297 | +€223 | +302.0% |
| Recurring financial charges | 65 | €74 | €297 | +€223 | +302.0% |
| Profit (loss) for the period before taxes | 9903 | €4,172 | -€251 | -€4,424 | |
| Income taxes | 67/77 | €433 | €60 | -€373 | -86.2% |
| Profit (loss) for the period | 9904 | €3,739 | -€311 | -€4,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,739 | -€311 | -€4,050 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.