KAKUSHIN: 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.
KAKUSHIN
Largest movements
- Cash -€60,890
down €60,890 (-85.3%), from €71,351 to €10,461
mainly Contributions, distributions and other (-€145,367) and Other debts (-€31,670)
- Receivables within one year -€45,866
down €45,866 (-68.9%), from €66,587 to €20,722
of which Other amounts receivable: -€28,215
- Tangible fixed assets -€18,794
down €18,794 (-34.7%), from €54,091 to €35,298
of which Furniture and vehicles: -€18,206
- Profit (loss) carried forward -€59,826
down €59,826 (-47.9%), from €124,907 to €65,081
- Other debts -€31,670
down €31,670 (-53.8%), from €58,824 to €27,154
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Debts after one year -€15,056
down €15,056 (-56.9%), from €26,443 to €11,387
- Gross operating margin -€12,005
down €12,005 (-10.7%), from €112,633 to €100,628
- Other operating charges -€2,183
down €2,183 (-72.3%), from €3,019 to €836
- Taxes -€1,720
down €1,720 (-8.8%), from €19,647 to €17,928
- Depreciation +€1,371
up €1,371 (+7.9%), from €17,423 to €18,794
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 | €290,193 | €163,574 | -€126,619 | -43.6% |
| Fixed assets | 21/28 | €54,091 | €35,298 | -€18,794 | -34.7% |
| Tangible fixed assets | 22/27 | €54,091 | €35,298 | -€18,794 | -34.7% |
| Plant, machinery and equipment | 23 | €1,256 | €669 | -€588 | -46.8% |
| Furniture and vehicles | 24 | €52,835 | €34,629 | -€18,206 | -34.5% |
| Current assets | 29/58 | €236,102 | €128,276 | -€107,825 | -45.7% |
| Amounts receivable after more than one year | 29 | €93,000 | €93,000 | = | 0.0% |
| Other amounts receivable | 291 | €93,000 | €93,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,587 | €20,722 | -€45,866 | -68.9% |
| Trade receivables | 40 | €36,300 | €18,649 | -€17,651 | -48.6% |
| Other amounts receivable | 41 | €30,287 | €2,072 | -€28,215 | -93.2% |
| Cash at bank and in hand | 54/58 | €71,351 | €10,461 | -€60,890 | -85.3% |
| Deferred charges and accrued income | 490/1 | €5,163 | €4,093 | -€1,070 | -20.7% |
| Total equity and liabilities | 10/49 | €290,193 | €163,574 | -€126,619 | -43.6% |
| Equity | 10/15 | €180,868 | €100,582 | -€80,286 | -44.4% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €37,361 | €35,501 | -€1,860 | -5.0% |
| Distributable reserves | 133 | €37,361 | €35,501 | -€1,860 | -5.0% |
| Profit (loss) carried forward | 14 | €124,907 | €65,081 | -€59,826 | -47.9% |
| Amounts payable | 17/49 | €109,324 | €62,991 | -€46,333 | -42.4% |
| Amounts payable after more than one year | 17 | €26,443 | €11,387 | -€15,056 | -56.9% |
| Financial debts | 170/4 | €26,443 | €11,387 | -€15,056 | -56.9% |
| Amounts payable within one year | 42/48 | €82,882 | €51,604 | -€31,277 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €14,911 | €15,056 | +€144 | +1.0% |
| Trade debts | 44 | €124 | €335 | +€211 | +171% |
| Suppliers | 440/4 | €124 | €335 | +€211 | +171% |
| Taxes, remuneration and social security | 45 | €9,023 | €9,060 | +€37 | +0.4% |
| Taxes | 450/3 | €9,023 | €9,060 | +€37 | +0.4% |
| Other amounts payable | 47/48 | €58,824 | €27,154 | -€31,670 | -53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,423 | €18,794 | +€1,371 | +7.9% |
| Other operating charges | 640/8 | €3,019 | €836 | -€2,183 | -72.3% |
| Gross operating margin | 9900 | €112,633 | €100,628 | -€12,005 | -10.7% |
| Operating profit (loss) | 9901 | €92,190 | €80,999 | -€11,192 | -12.1% |
| Financial income | 75/76B | €2,725 | €2,526 | -€198 | -7.3% |
| Recurring financial income | 75 | €2,725 | €2,526 | -€198 | -7.3% |
| Financial charges | 65/66B | €673 | €516 | -€157 | -23.3% |
| Recurring financial charges | 65 | €673 | €516 | -€157 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €94,242 | €83,009 | -€11,233 | -11.9% |
| Income taxes | 67/77 | €19,647 | €17,928 | -€1,720 | -8.8% |
| Profit (loss) for the period | 9904 | €74,595 | €65,081 | -€9,513 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €74,595 | €65,081 | -€9,513 | -12.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.