KAS VENTURES: 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.
KAS VENTURES
Largest movements
- Receivables within one year +€10,561
up €10,561 (+104.6%), from €10,093 to €20,654
of which Trade receivables: +€11,484
- Tangible fixed assets -€432
down €432 (-20.5%), from €2,103 to €1,671
- Other debts +€8,584
new in 2025: €8,584
- Short-term financial debts -€7,658
no longer reported in 2025 (was €7,658)
- Profit (loss) carried forward +€7,025
up €7,025, from -€1,817 to €5,209
- Trade debts +€2,178
up €2,178 (+315.6%), from €690 to €2,868
- Gross operating margin +€15,719
up €15,719, from -€7,801 to €7,919
- Depreciation -€588
down €588 (-57.7%), from €1,020 to €432
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 | €12,381 | €22,510 | +€10,129 | +81.8% |
| Fixed assets | 21/28 | €2,103 | €1,671 | -€432 | -20.5% |
| Tangible fixed assets | 22/27 | €2,103 | €1,671 | -€432 | -20.5% |
| Furniture and vehicles | 24 | €2,103 | €1,671 | -€432 | -20.5% |
| Current assets | 29/58 | €10,279 | €20,840 | +€10,561 | +102.7% |
| Amounts receivable within one year | 40/41 | €10,093 | €20,654 | +€10,561 | +104.6% |
| Trade receivables | 40 | €8,084 | €19,568 | +€11,484 | +142.1% |
| Other amounts receivable | 41 | €2,009 | €1,086 | -€923 | -45.9% |
| Cash at bank and in hand | 54/58 | €186 | €186 | = | 0.0% |
| Total equity and liabilities | 10/49 | €12,381 | €22,510 | +€10,129 | +81.8% |
| Equity | 10/15 | €1,183 | €8,209 | +€7,025 | +593.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,817 | €5,209 | +€7,025 | |
| Amounts payable | 17/49 | €11,198 | €14,302 | +€3,104 | +27.7% |
| Amounts payable within one year | 42/48 | €11,198 | €14,302 | +€3,104 | +27.7% |
| Financial debts | 43 | €7,658 | - | -€7,658 | |
| Credit institutions | 430/8 | €7,658 | - | -€7,658 | |
| Trade debts | 44 | €690 | €2,868 | +€2,178 | +315.6% |
| Suppliers | 440/4 | €690 | €2,868 | +€2,178 | +315.6% |
| Taxes, remuneration and social security | 45 | €2,850 | €2,850 | = | 0.0% |
| Taxes | 450/3 | €1,750 | €1,750 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,099 | €1,099 | = | 0.0% |
| Other amounts payable | 47/48 | - | €8,584 | +€8,584 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,020 | €432 | -€588 | -57.7% |
| Gross operating margin | 9900 | -€7,801 | €7,919 | +€15,719 | |
| Operating profit (loss) | 9901 | -€8,821 | €7,487 | +€16,307 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €540 | €461 | -€79 | -14.6% |
| Recurring financial charges | 65 | €540 | €461 | -€79 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,361 | €7,025 | +€16,386 | |
| Profit (loss) for the period | 9904 | -€9,361 | €7,025 | +€16,386 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,361 | €7,025 | +€16,386 |
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 12 October 2026 via checked.be.