KAO TRADING: 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.
KAO TRADING
Largest movements
- Stocks and contracts +€91,143
up €91,143 (+3.3%), from €2.7m to €2.8m
- Trade debts +€92,934
up €92,934 (+22.0%), from €421,680 to €514,614
- Gross operating margin +€30,334
up €30,334 (+93.5%), from -€32,441 to -€2,106
- Other operating charges -€11,455
down €11,455 (-73.0%), from €15,681 to €4,226
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 | €2,848,081 | €2,945,918 | +€97,837 | +3.4% |
| Fixed assets | 21/28 | €422 | €422 | = | 0.0% |
| Financial fixed assets | 28 | €422 | €422 | = | 0.0% |
| Current assets | 29/58 | €2,847,660 | €2,945,496 | +€97,837 | +3.4% |
| Stocks and contracts in progress | 3 | €2,726,085 | €2,817,228 | +€91,143 | +3.3% |
| Stocks | 30/36 | €2,726,085 | €2,817,228 | +€91,143 | +3.3% |
| Amounts receivable within one year | 40/41 | €113,865 | €113,865 | = | 0.0% |
| Trade receivables | 40 | €113,865 | €113,865 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,870 | €13,218 | +€7,348 | +125% |
| Deferred charges and accrued income | 490/1 | €1,839 | €1,185 | -€654 | -35.6% |
| Total equity and liabilities | 10/49 | €2,848,081 | €2,945,918 | +€97,837 | +3.4% |
| Equity | 10/15 | -€36,236 | -€42,844 | -€6,607 | -18.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,236 | -€47,844 | -€6,607 | -16.0% |
| Amounts payable | 17/49 | €2,884,317 | €2,988,762 | +€104,444 | +3.6% |
| Amounts payable within one year | 42/48 | €2,884,277 | €2,988,748 | +€104,470 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €4,555 | - | -€4,555 | |
| Trade debts | 44 | €421,680 | €514,614 | +€92,934 | +22.0% |
| Suppliers | 440/4 | €421,680 | €514,614 | +€92,934 | +22.0% |
| Taxes, remuneration and social security | 45 | €8,408 | €1,945 | -€6,463 | -76.9% |
| Taxes | 450/3 | €8,408 | €1,945 | -€6,463 | -76.9% |
| Other amounts payable | 47/48 | €2,449,633 | €2,472,189 | +€22,556 | +0.9% |
| Accrued charges and deferred income | 492/3 | €40 | €14 | -€26 | -64.8% |
| Other operating charges | 640/8 | €15,681 | €4,226 | -€11,455 | -73.0% |
| Gross operating margin | 9900 | -€32,441 | -€2,106 | +€30,334 | +93.5% |
| Operating profit (loss) | 9901 | -€48,122 | -€6,332 | +€41,789 | +86.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €378 | €275 | -€103 | -27.2% |
| Recurring financial charges | 65 | €378 | €275 | -€103 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | -€48,499 | -€6,607 | +€41,892 | +86.4% |
| Income taxes | 67/77 | €289 | - | -€289 | |
| Profit (loss) for the period | 9904 | -€48,788 | -€6,607 | +€42,181 | +86.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,788 | -€6,607 | +€42,181 | +86.5% |
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 19 October 2026 via checked.be.