KAO CONCEPT: 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.
KAO CONCEPT
Largest movements
- Cash +€98,227
up €98,227 (+360.5%), from €27,247 to €125,474
mainly Trade debts (+€119,164) and Tax, wage and social debts (+€21,012)
- Receivables within one year +€23,064
up €23,064 (+60.4%), from €38,200 to €61,263
of which Trade receivables: +€22,393
- Stocks and contracts +€15,959
new in 2025: €15,959
- Trade debts +€119,164
up €119,164 (+111.0%), from €107,340 to €226,504
- Tax, wage and social debts +€21,012
up €21,012 (+292.9%), from €7,174 to €28,186
of which Remuneration and social security: +€12,751
- Other debts -€14,015
down €14,015 (-20.7%), from €67,695 to €53,679
- Profit (loss) carried forward +€8,058
up €8,058 (+7.2%), from -€111,567 to -€103,509
- Gross operating margin +€105,801
up €105,801 (+5580.8%), from €1,896 to €107,697
- Staff costs -€12,896
down €12,896 (-12.3%), from €105,106 to €92,210
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 | €80,642 | €214,861 | +€134,219 | +166.4% |
| Fixed assets | 21/28 | €13,622 | €12,165 | -€1,458 | -10.7% |
| Tangible fixed assets | 22/27 | €13,622 | €12,165 | -€1,458 | -10.7% |
| Other tangible fixed assets | 26 | €13,622 | €12,165 | -€1,458 | -10.7% |
| Current assets | 29/58 | €67,020 | €202,696 | +€135,677 | +202.4% |
| Stocks and contracts in progress | 3 | - | €15,959 | +€15,959 | |
| Stocks | 30/36 | - | €15,959 | +€15,959 | |
| Amounts receivable within one year | 40/41 | €38,200 | €61,263 | +€23,064 | +60.4% |
| Trade receivables | 40 | €27,673 | €50,065 | +€22,393 | +80.9% |
| Other amounts receivable | 41 | €10,527 | €11,198 | +€671 | +6.4% |
| Cash at bank and in hand | 54/58 | €27,247 | €125,474 | +€98,227 | +360.5% |
| Deferred charges and accrued income | 490/1 | €1,573 | - | -€1,573 | |
| Total equity and liabilities | 10/49 | €80,642 | €214,861 | +€134,219 | +166.4% |
| Equity | 10/15 | -€101,567 | -€93,509 | +€8,058 | +7.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,567 | -€103,509 | +€8,058 | +7.2% |
| Amounts payable | 17/49 | €182,209 | €308,370 | +€126,161 | +69.2% |
| Amounts payable within one year | 42/48 | €182,209 | €308,370 | +€126,161 | +69.2% |
| Trade debts | 44 | €107,340 | €226,504 | +€119,164 | +111.0% |
| Suppliers | 440/4 | €107,340 | €226,504 | +€119,164 | +111.0% |
| Taxes, remuneration and social security | 45 | €7,174 | €28,186 | +€21,012 | +292.9% |
| Taxes | 450/3 | €1,520 | €9,782 | +€8,262 | +543.5% |
| Remuneration and social security | 454/9 | €5,654 | €18,405 | +€12,751 | +225.5% |
| Other amounts payable | 47/48 | €67,695 | €53,679 | -€14,015 | -20.7% |
| Remuneration, social security and pensions | 62 | €105,106 | €92,210 | -€12,896 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €956 | €1,458 | +€502 | +52.5% |
| Other operating charges | 640/8 | €5,188 | €4,235 | -€953 | -18.4% |
| Gross operating margin | 9900 | €1,896 | €107,697 | +€105,801 | +5580.8% |
| Operating profit (loss) | 9901 | -€109,355 | €9,795 | +€119,149 | |
| Financial income | 75/76B | €7 | €96 | +€89 | +1330.1% |
| Recurring financial income | 75 | €7 | €96 | +€89 | +1330.1% |
| Financial charges | 65/66B | €2,219 | €1,760 | -€459 | -20.7% |
| Recurring financial charges | 65 | €2,219 | €1,760 | -€459 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€111,567 | €8,130 | +€119,697 | |
| Income taxes | 67/77 | - | €72 | +€72 | |
| Profit (loss) for the period | 9904 | -€111,567 | €8,058 | +€119,625 | |
| Profit (loss) for the period to be appropriated | 9905 | -€111,567 | €8,058 | +€119,625 |
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 4 October 2026 via checked.be.