KAKINE: 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.
KAKINE
Largest movements
- Financial fixed assets +€60,248
up €60,248 (+2.5%), from €2.4m to €2.5m
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash +€32,314
up €32,314 (+188%), from €17,202 to €49,516
mainly Current investments (+€50,000) and Net result for the year (+€27,055)
- Reserves +€27,055
up €27,055 (+5.4%), from €497,265 to €524,319
- Taxes +€5,714
up €5,714 (+172%), from €3,325 to €9,039
- Gross operating margin +€3,307
up €3,307 (+12.4%), from -€26,576 to -€23,269
- Depreciation -€998
down €998 (-62.7%), from €1,592 to €594
- Financial income +€562
up €562 (+0.9%), from €60,582 to €61,144
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 | €2,495,131 | €2,540,370 | +€45,239 | +1.8% |
| Fixed assets | 21/28 | €2,418,203 | €2,477,856 | +€59,654 | +2.5% |
| Tangible fixed assets | 22/27 | €594 | €0 | -€594 | -100% |
| Furniture and vehicles | 24 | €594 | €0 | -€594 | -100% |
| Financial fixed assets | 28 | €2,417,609 | €2,477,856 | +€60,248 | +2.5% |
| Current assets | 29/58 | €76,928 | €62,514 | -€14,414 | -18.7% |
| Amounts receivable within one year | 40/41 | €9,635 | €12,984 | +€3,350 | +34.8% |
| Trade receivables | 40 | €6,050 | €12,984 | +€6,934 | +115% |
| Other amounts receivable | 41 | €3,585 | €0 | -€3,585 | -100% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €17,202 | €49,516 | +€32,314 | +188% |
| Deferred charges and accrued income | 490/1 | €92 | €13 | -€79 | -85.7% |
| Total equity and liabilities | 10/49 | €2,495,131 | €2,540,370 | +€45,239 | +1.8% |
| Equity | 10/15 | €1,407,265 | €1,434,319 | +€27,055 | +1.9% |
| Contributions | 10/11 | €910,000 | €910,000 | = | 0.0% |
| Reserves | 13 | €497,265 | €524,319 | +€27,055 | +5.4% |
| Distributable reserves | 133 | €497,265 | €524,319 | +€27,055 | +5.4% |
| Amounts payable | 17/49 | €1,087,866 | €1,106,051 | +€18,185 | +1.7% |
| Amounts payable after more than one year | 17 | €1,084,982 | €1,096,032 | +€11,050 | +1.0% |
| Other amounts payable | 178/9 | €1,084,982 | €1,096,032 | +€11,050 | +1.0% |
| Amounts payable within one year | 42/48 | €2,857 | €10,015 | +€7,158 | +251% |
| Trade debts | 44 | €0 | €5,731 | +€5,731 | |
| Suppliers | 440/4 | €0 | €5,731 | +€5,731 | |
| Taxes, remuneration and social security | 45 | €2,857 | €4,284 | +€1,427 | +50.0% |
| Taxes | 450/3 | €2,857 | €4,284 | +€1,427 | +50.0% |
| Accrued charges and deferred income | 492/3 | €28 | €4 | -€23 | -85.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,592 | €594 | -€998 | -62.7% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€26,576 | -€23,269 | +€3,307 | +12.4% |
| Operating profit (loss) | 9901 | -€29,136 | -€24,862 | +€4,274 | +14.7% |
| Financial income | 75/76B | €60,582 | €61,144 | +€562 | +0.9% |
| Recurring financial income | 75 | €60,582 | €61,144 | +€562 | +0.9% |
| Financial charges | 65/66B | €168 | €189 | +€20 | +12.0% |
| Recurring financial charges | 65 | €168 | €189 | +€20 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €31,277 | €36,094 | +€4,816 | +15.4% |
| Income taxes | 67/77 | €3,325 | €9,039 | +€5,714 | +172% |
| Profit (loss) for the period | 9904 | €27,952 | €27,055 | -€898 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,952 | €27,055 | -€898 | -3.2% |
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.