Kaktus: 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.
Kaktus
Largest movements
- Receivables within one year -€30,095
down €30,095 (-49.5%), from €60,791 to €30,696
of which Trade receivables: -€52,459
- Tangible fixed assets -€14,452
down €14,452 (-43.7%), from €33,057 to €18,605
of which Plant, machinery and equipment: -€10,227
- Cash -€13,503
down €13,503 (-33.7%), from €40,101 to €26,597
mainly Other debts (-€38,377) and Tax, wage and social debts (-€26,148)
- Deferred charges and accrued income -€2,825
down €2,825 (-17.0%), from €16,609 to €13,784
- Other debts -€38,377
no longer reported in 2025 (was €38,377)
- Tax, wage and social debts -€26,148
down €26,148 (-37.1%), from €70,459 to €44,311
of which Taxes: -€33,725
- Trade debts +€9,648
up €9,648 (+27.3%), from €35,370 to €45,019
- Profit (loss) carried forward -€4,396
down €4,396 (-42.6%), from €10,325 to €5,929
- Current portion of long-term debt -€2,014
no longer reported in 2025 (was €2,014)
- Gross operating margin +€35,494
up €35,494 (+9.4%), from €376,354 to €411,848
- Depreciation +€8,928
up €8,928 (+54.3%), from €16,449 to €25,377
- Staff costs +€8,850
up €8,850 (+2.4%), from €370,919 to €379,768
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 | €160,546 | €99,259 | -€61,287 | -38.2% |
| Fixed assets | 21/28 | €33,844 | €19,261 | -€14,583 | -43.1% |
| Intangible fixed assets | 21 | €787 | €656 | -€131 | -16.6% |
| Tangible fixed assets | 22/27 | €33,057 | €18,605 | -€14,452 | -43.7% |
| Plant, machinery and equipment | 23 | €25,432 | €15,205 | -€10,227 | -40.2% |
| Furniture and vehicles | 24 | €7,625 | €3,400 | -€4,225 | -55.4% |
| Current assets | 29/58 | €126,701 | €79,998 | -€46,704 | -36.9% |
| Stocks and contracts in progress | 3 | €9,200 | €8,920 | -€280 | -3.0% |
| Stocks | 30/36 | €9,200 | €8,920 | -€280 | -3.0% |
| Amounts receivable within one year | 40/41 | €60,791 | €30,696 | -€30,095 | -49.5% |
| Trade receivables | 40 | €53,939 | €1,480 | -€52,459 | -97.3% |
| Other amounts receivable | 41 | €6,852 | €29,216 | +€22,364 | +326.4% |
| Cash at bank and in hand | 54/58 | €40,101 | €26,597 | -€13,503 | -33.7% |
| Deferred charges and accrued income | 490/1 | €16,609 | €13,784 | -€2,825 | -17.0% |
| Total equity and liabilities | 10/49 | €160,546 | €99,259 | -€61,287 | -38.2% |
| Equity | 10/15 | €14,325 | €9,929 | -€4,396 | -30.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,325 | €5,929 | -€4,396 | -42.6% |
| Amounts payable | 17/49 | €146,221 | €89,330 | -€56,891 | -38.9% |
| Amounts payable within one year | 42/48 | €146,221 | €89,330 | -€56,891 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €2,014 | - | -€2,014 | |
| Trade debts | 44 | €35,370 | €45,019 | +€9,648 | +27.3% |
| Suppliers | 440/4 | €35,370 | €45,019 | +€9,648 | +27.3% |
| Taxes, remuneration and social security | 45 | €70,459 | €44,311 | -€26,148 | -37.1% |
| Taxes | 450/3 | €39,597 | €5,872 | -€33,725 | -85.2% |
| Remuneration and social security | 454/9 | €30,862 | €38,439 | +€7,577 | +24.5% |
| Other amounts payable | 47/48 | €38,377 | - | -€38,377 | |
| Non-recurring operating income | 76A | - | €9,039 | +€9,039 | |
| Remuneration, social security and pensions | 62 | €370,919 | €379,768 | +€8,850 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,449 | €25,377 | +€8,928 | +54.3% |
| Other operating charges | 640/8 | €3,949 | €3,819 | -€130 | -3.3% |
| Gross operating margin | 9900 | €376,354 | €411,848 | +€35,494 | +9.4% |
| Operating profit (loss) | 9901 | -€14,963 | €2,883 | +€17,846 | |
| Financial income | 75/76B | €658 | €316 | -€342 | -52.0% |
| Recurring financial income | 75 | €658 | €316 | -€342 | -52.0% |
| Financial charges | 65/66B | €6,213 | €7,458 | +€1,245 | +20.0% |
| Recurring financial charges | 65 | €6,213 | €7,458 | +€1,245 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,518 | -€4,259 | +€16,259 | +79.2% |
| Income taxes | 67/77 | - | €137 | +€137 | |
| Profit (loss) for the period | 9904 | -€20,518 | -€4,396 | +€16,122 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,518 | -€4,396 | +€16,122 | +78.6% |
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.