KAKKOS EFTAXIA: 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.
KAKKOS EFTAXIA
Largest movements
- Tangible fixed assets +€101,004
up €101,004 (+615%), from €16,434 to €117,438
- Deferred charges and accrued income +€14,000
up €14,000 (+31.1%), from €45,000 to €59,000
- Receivables within one year -€7,405
down €7,405 (-47.2%), from €15,699 to €8,294
- Cash -€6,578
down €6,578 (-5.0%), from €130,950 to €124,373
mainly Investment in fixed assets (net) (-€128,713) and Contributions, distributions and other (-€110,930)
- Debts after one year +€67,383
new in 2025: €67,383
- Current portion of long-term debt +€19,994
new in 2025: €19,994
- Other debts +€19,675
up €19,675 (+26.7%), from €73,746 to €93,421
- Profit (loss) carried forward -€4,629
down €4,629 (-4.2%), from €110,930 to €106,301
- Gross operating margin +€30,537
up €30,537 (+17.0%), from €179,412 to €209,948
- Depreciation +€24,746
up €24,746 (+835%), from €2,963 to €27,709
- Financial charges +€16,015
up €16,015 (+48.2%), from €33,217 to €49,232
- Taxes -€5,595
down €5,595 (-17.3%), from €32,301 to €26,706
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 | €208,084 | €309,105 | +€101,021 | +48.5% |
| Fixed assets | 21/28 | €16,434 | €117,438 | +€101,004 | +615% |
| Tangible fixed assets | 22/27 | €16,434 | €117,438 | +€101,004 | +615% |
| Furniture and vehicles | 24 | €16,434 | €117,438 | +€101,004 | +615% |
| Current assets | 29/58 | €191,650 | €191,667 | +€17 | 0.0% |
| Amounts receivable within one year | 40/41 | €15,699 | €8,294 | -€7,405 | -47.2% |
| Other amounts receivable | 41 | €15,699 | €8,294 | -€7,405 | -47.2% |
| Cash at bank and in hand | 54/58 | €130,950 | €124,373 | -€6,578 | -5.0% |
| Deferred charges and accrued income | 490/1 | €45,000 | €59,000 | +€14,000 | +31.1% |
| Total equity and liabilities | 10/49 | €208,084 | €309,105 | +€101,021 | +48.5% |
| Equity | 10/15 | €129,530 | €124,901 | -€4,629 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,930 | €106,301 | -€4,629 | -4.2% |
| Amounts payable | 17/49 | €78,554 | €184,204 | +€105,650 | +134% |
| Amounts payable after more than one year | 17 | - | €67,383 | +€67,383 | |
| Financial debts | 170/4 | - | €67,383 | +€67,383 | |
| Amounts payable within one year | 42/48 | €78,554 | €116,821 | +€38,267 | +48.7% |
| Current portion of amounts payable after more than one year | 42 | - | €19,994 | +€19,994 | |
| Trade debts | 44 | €4,808 | €3,406 | -€1,401 | -29.1% |
| Suppliers | 440/4 | €4,808 | €3,406 | -€1,401 | -29.1% |
| Other amounts payable | 47/48 | €73,746 | €93,421 | +€19,675 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,963 | €27,709 | +€24,746 | +835% |
| Gross operating margin | 9900 | €179,412 | €209,948 | +€30,537 | +17.0% |
| Operating profit (loss) | 9901 | €176,448 | €182,239 | +€5,791 | +3.3% |
| Financial charges | 65/66B | €33,217 | €49,232 | +€16,015 | +48.2% |
| Recurring financial charges | 65 | €33,217 | €49,232 | +€16,015 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €143,231 | €133,007 | -€10,224 | -7.1% |
| Income taxes | 67/77 | €32,301 | €26,706 | -€5,595 | -17.3% |
| Profit (loss) for the period | 9904 | €110,930 | €106,301 | -€4,629 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €110,930 | €106,301 | -€4,629 | -4.2% |
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 14 October 2026 via checked.be.