KAORA: 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.
KAORA
Largest movements
- Financial fixed assets -€828,414
down €828,414 (-38.4%), from €2.2m to €1.3m
- Cash +€210,297
up €210,297 (+63061.4%), from €333 to €210,631
mainly Investment in fixed assets (net) (+€828,414) and Accrued charges and deferred income (+€255)
- Debts after one year -€600,000
down €600,000 (-26.6%), from €2.3m to €1.7m
- Gross operating margin +€4,348
up €4,348 (+38.1%), from -€11,406 to -€7,058
- Other operating charges -€220
down €220 (-18.0%), from €1,222 to €1,002
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 | €2,161,746 | €1,543,629 | -€618,117 | -28.6% |
| Fixed assets | 21/28 | €2,159,150 | €1,330,736 | -€828,414 | -38.4% |
| Financial fixed assets | 28 | €2,159,150 | €1,330,736 | -€828,414 | -38.4% |
| Current assets | 29/58 | €2,596 | €212,893 | +€210,297 | +8100.2% |
| Cash at bank and in hand | 54/58 | €333 | €210,631 | +€210,297 | +63061.4% |
| Deferred charges and accrued income | 490/1 | €2,263 | €2,263 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,161,746 | €1,543,629 | -€618,117 | -28.6% |
| Equity | 10/15 | -€102,444 | -€110,608 | -€8,164 | -8.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,444 | -€172,608 | -€8,164 | -5.0% |
| Amounts payable | 17/49 | €2,264,190 | €1,654,237 | -€609,953 | -26.9% |
| Amounts payable after more than one year | 17 | €2,253,390 | €1,653,390 | -€600,000 | -26.6% |
| Other amounts payable | 178/9 | €2,253,390 | €1,653,390 | -€600,000 | -26.6% |
| Amounts payable within one year | 42/48 | €10,208 | - | -€10,208 | |
| Trade debts | 44 | €10,208 | - | -€10,208 | |
| Suppliers | 440/4 | €10,208 | - | -€10,208 | |
| Accrued charges and deferred income | 492/3 | €592 | €847 | +€255 | +43.0% |
| Other operating charges | 640/8 | €1,222 | €1,002 | -€220 | -18.0% |
| Gross operating margin | 9900 | -€11,406 | -€7,058 | +€4,348 | +38.1% |
| Operating profit (loss) | 9901 | -€12,628 | -€8,060 | +€4,568 | +36.2% |
| Financial charges | 65/66B | €104 | €104 | = | 0.0% |
| Recurring financial charges | 65 | €104 | €104 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,732 | -€8,164 | +€4,568 | +35.9% |
| Profit (loss) for the period | 9904 | -€12,732 | -€8,164 | +€4,568 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,732 | -€8,164 | +€4,568 | +35.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.