KAORIS: 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.
KAORIS
Largest movements
- Cash +€663,302
up €663,302 (+60.5%), from €1.1m to €1.8m
mainly Other debts (+€1.4m) and Net result for the year (+€1.1m)
- Receivables within one year +€45,985
up €45,985, from €0 to €45,985
of which Trade receivables: +€45,985
- Other debts +€1.4m
up €1.4m (+49459.4%), from €2,926 to €1.5m
- Profit (loss) carried forward -€840,291
down €840,291 (-85.0%), from €988,136 to €147,845
- Tax, wage and social debts +€96,077
up €96,077 (+86.9%), from €110,616 to €206,693
- Gross operating margin +€808,240
up €808,240 (+115.6%), from €699,265 to €1.5m
- Taxes +€196,742
up €196,742 (+111.1%), from €177,147 to €373,889
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 | €1,103,865 | €1,809,229 | +€705,364 | +63.9% |
| Fixed assets | 21/28 | €6,167 | €1,180 | -€4,987 | -80.9% |
| Tangible fixed assets | 22/27 | €6,167 | €1,180 | -€4,987 | -80.9% |
| Land and buildings | 22 | €1,836 | €612 | -€1,224 | -66.7% |
| Plant, machinery and equipment | 23 | €4,331 | €568 | -€3,763 | -86.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,097,698 | €1,808,049 | +€710,351 | +64.7% |
| Amounts receivable within one year | 40/41 | €0 | €45,985 | +€45,985 | |
| Trade receivables | 40 | €0 | €45,985 | +€45,985 | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €1,095,844 | €1,759,146 | +€663,302 | +60.5% |
| Deferred charges and accrued income | 490/1 | €1,854 | €2,919 | +€1,065 | +57.4% |
| Total equity and liabilities | 10/49 | €1,103,865 | €1,809,229 | +€705,364 | +63.9% |
| Equity | 10/15 | €990,136 | €149,845 | -€840,291 | -84.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €988,136 | €147,845 | -€840,291 | -85.0% |
| Amounts payable | 17/49 | €113,730 | €1,659,384 | +€1.5m | +1359.1% |
| Amounts payable within one year | 42/48 | €113,730 | €1,659,384 | +€1.5m | +1359.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €189 | €2,692 | +€2,503 | +1327.9% |
| Suppliers | 440/4 | €189 | €2,692 | +€2,503 | +1327.9% |
| Taxes, remuneration and social security | 45 | €110,616 | €206,693 | +€96,077 | +86.9% |
| Taxes | 450/3 | €110,616 | €206,693 | +€96,077 | +86.9% |
| Other amounts payable | 47/48 | €2,926 | €1,450,000 | +€1.4m | +49459.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,987 | €4,987 | = | 0.0% |
| Other operating charges | 640/8 | €395 | €101 | -€294 | -74.4% |
| Gross operating margin | 9900 | €699,265 | €1,507,505 | +€808,240 | +115.6% |
| Operating profit (loss) | 9901 | €693,883 | €1,502,417 | +€808,534 | +116.5% |
| Financial income | 75/76B | €15,911 | €9,138 | -€6,773 | -42.6% |
| Recurring financial income | 75 | €15,911 | €9,138 | -€6,773 | -42.6% |
| Financial charges | 65/66B | €1,629 | €2,957 | +€1,328 | +81.5% |
| Recurring financial charges | 65 | €1,629 | €2,957 | +€1,328 | +81.5% |
| Profit (loss) for the period before taxes | 9903 | €708,165 | €1,508,598 | +€800,434 | +113.0% |
| Income taxes | 67/77 | €177,147 | €373,889 | +€196,742 | +111.1% |
| Profit (loss) for the period | 9904 | €531,017 | €1,134,709 | +€603,692 | +113.7% |
| Profit (loss) for the period to be appropriated | 9905 | €531,017 | €1,134,709 | +€603,692 | +113.7% |
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 1 October 2026 via checked.be.