KAJUPI: 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.
KAJUPI
Largest movements
- Cash +€30,837
up €30,837 (+43.4%), from €71,110 to €101,948
mainly Other debts (+€19,754) and Net result for the year (+€15,847)
- Receivables within one year +€7,056
up €7,056 (+396%), from €1,781 to €8,836
of which Other amounts receivable: +€5,410
- Other debts +€19,754
up €19,754 (+40.6%), from €48,688 to €68,442
- Profit (loss) carried forward +€15,847
up €15,847 (+95.8%), from €16,542 to €32,388
- Tax, wage and social debts +€2,511
up €2,511 (+40.6%), from €6,189 to €8,700
of which Taxes: +€4,139
- Gross operating margin +€36,310
up €36,310 (+29.2%), from €124,520 to €160,831
- Financial charges +€28,256
up €28,256 (+57.3%), from €49,282 to €77,539
- Staff costs +€5,425
up €5,425 (+10.6%), from €50,991 to €56,416
- Taxes +€3,197
up €3,197 (+213%), from €1,500 to €4,697
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 | €99,124 | €137,703 | +€38,578 | +38.9% |
| Fixed assets | 21/28 | €20,787 | €21,358 | +€571 | +2.7% |
| Tangible fixed assets | 22/27 | €10,632 | €11,203 | +€571 | +5.4% |
| Plant, machinery and equipment | 23 | €8,457 | €6,747 | -€1,710 | -20.2% |
| Furniture and vehicles | 24 | €2,176 | €4,456 | +€2,281 | +105% |
| Financial fixed assets | 28 | €10,155 | €10,155 | = | 0.0% |
| Current assets | 29/58 | €78,337 | €116,344 | +€38,007 | +48.5% |
| Stocks and contracts in progress | 3 | €3,249 | €3,249 | = | 0.0% |
| Stocks | 30/36 | €3,249 | €3,249 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,781 | €8,836 | +€7,056 | +396% |
| Trade receivables | 40 | €1,781 | €3,426 | +€1,646 | +92.4% |
| Other amounts receivable | 41 | €0 | €5,410 | +€5,410 | |
| Cash at bank and in hand | 54/58 | €71,110 | €101,948 | +€30,837 | +43.4% |
| Deferred charges and accrued income | 490/1 | €2,197 | €2,311 | +€114 | +5.2% |
| Total equity and liabilities | 10/49 | €99,124 | €137,703 | +€38,578 | +38.9% |
| Equity | 10/15 | €37,002 | €52,848 | +€15,847 | +42.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €16,542 | €32,388 | +€15,847 | +95.8% |
| Amounts payable | 17/49 | €62,123 | €84,854 | +€22,731 | +36.6% |
| Amounts payable within one year | 42/48 | €62,123 | €84,854 | +€22,731 | +36.6% |
| Trade debts | 44 | €7,246 | €7,713 | +€466 | +6.4% |
| Suppliers | 440/4 | €7,246 | €7,713 | +€466 | +6.4% |
| Taxes, remuneration and social security | 45 | €6,189 | €8,700 | +€2,511 | +40.6% |
| Taxes | 450/3 | €963 | €5,102 | +€4,139 | +430% |
| Remuneration and social security | 454/9 | €5,226 | €3,598 | -€1,628 | -31.1% |
| Other amounts payable | 47/48 | €48,688 | €68,442 | +€19,754 | +40.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €50,991 | €56,416 | +€5,425 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,014 | €4,234 | +€221 | +5.5% |
| Other operating charges | 640/8 | €3,024 | €2,165 | -€859 | -28.4% |
| Gross operating margin | 9900 | €124,520 | €160,831 | +€36,310 | +29.2% |
| Operating profit (loss) | 9901 | €66,492 | €98,016 | +€31,524 | +47.4% |
| Financial income | 75/76B | €1 | €67 | +€66 | +9,075% |
| Recurring financial income | 75 | €1 | €67 | +€66 | +9,075% |
| Financial charges | 65/66B | €49,282 | €77,539 | +€28,256 | +57.3% |
| Recurring financial charges | 65 | €49,282 | €77,539 | +€28,256 | +57.3% |
| Profit (loss) for the period before taxes | 9903 | €17,210 | €20,544 | +€3,334 | +19.4% |
| Income taxes | 67/77 | €1,500 | €4,697 | +€3,197 | +213% |
| Profit (loss) for the period | 9904 | €15,710 | €15,847 | +€136 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,710 | €15,847 | +€136 | +0.9% |
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 19 October 2026 via checked.be.