KASA: 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.
KASA
Largest movements
- Cash +€35,301
up €35,301 (+22.4%), from €157,814 to €193,115
mainly Net result for the year (+€33,094) and Trade debts (+€8,777)
- Reserves +€33,094
up €33,094 (+16.0%), from €207,127 to €240,221
of which Distributable reserves: +€33,094
- Trade debts +€8,777
up €8,777 (+316.2%), from €2,776 to €11,553
- Gross operating margin -€21,806
down €21,806 (-25.5%), from €85,574 to €63,768
- Taxes -€7,727
down €7,727 (-31.0%), from €24,921 to €17,194
- Financial charges +€1,149
up €1,149 (+29.9%), from €3,850 to €4,999
- Other operating charges -€899
down €899 (-40.2%), from €2,237 to €1,337
- Financial income +€896
up €896 (+144.0%), from €622 to €1,518
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 | €239,185 | €276,640 | +€37,454 | +15.7% |
| Fixed assets | 21/28 | €7,733 | €9,785 | +€2,052 | +26.5% |
| Tangible fixed assets | 22/27 | €7,733 | €9,785 | +€2,052 | +26.5% |
| Plant, machinery and equipment | 23 | €5,142 | €3,760 | -€1,383 | -26.9% |
| Furniture and vehicles | 24 | €1,291 | €588 | -€703 | -54.5% |
| Other tangible fixed assets | 26 | €1,300 | €5,438 | +€4,138 | +318.3% |
| Current assets | 29/58 | €231,452 | €266,855 | +€35,402 | +15.3% |
| Amounts receivable within one year | 40/41 | €54,349 | €52,288 | -€2,062 | -3.8% |
| Trade receivables | 40 | €52,323 | €42,162 | -€10,160 | -19.4% |
| Other amounts receivable | 41 | €2,027 | €10,125 | +€8,098 | +399.6% |
| Cash at bank and in hand | 54/58 | €157,814 | €193,115 | +€35,301 | +22.4% |
| Deferred charges and accrued income | 490/1 | €19,289 | €21,452 | +€2,163 | +11.2% |
| Total equity and liabilities | 10/49 | €239,185 | €276,640 | +€37,454 | +15.7% |
| Equity | 10/15 | €225,719 | €258,813 | +€33,094 | +14.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €207,127 | €240,221 | +€33,094 | +16.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €207,127 | €240,221 | +€33,094 | +16.0% |
| Amounts payable | 17/49 | €13,466 | €17,827 | +€4,361 | +32.4% |
| Amounts payable within one year | 42/48 | €12,197 | €17,017 | +€4,820 | +39.5% |
| Trade debts | 44 | €2,776 | €11,553 | +€8,777 | +316.2% |
| Suppliers | 440/4 | €2,776 | €11,553 | +€8,777 | +316.2% |
| Taxes, remuneration and social security | 45 | €4,865 | €2,647 | -€2,218 | -45.6% |
| Taxes | 450/3 | €4,865 | €2,647 | -€2,218 | -45.6% |
| Other amounts payable | 47/48 | €4,556 | €2,818 | -€1,739 | -38.2% |
| Accrued charges and deferred income | 492/3 | €1,269 | €810 | -€459 | -36.2% |
| Non-recurring operating income | 76A | €7,500 | €0 | -€7,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,145 | €3,028 | +€883 | +41.2% |
| Other operating charges | 640/8 | €2,237 | €1,337 | -€899 | -40.2% |
| Non-recurring operating charges | 66A | €1,909 | €5,634 | +€3,724 | +195.1% |
| Gross operating margin | 9900 | €85,574 | €63,768 | -€21,806 | -25.5% |
| Operating profit (loss) | 9901 | €79,282 | €53,769 | -€25,513 | -32.2% |
| Financial income | 75/76B | €622 | €1,518 | +€896 | +144.0% |
| Recurring financial income | 75 | €622 | €1,518 | +€896 | +144.0% |
| Financial charges | 65/66B | €3,850 | €4,999 | +€1,149 | +29.9% |
| Recurring financial charges | 65 | €3,850 | €4,999 | +€1,149 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €76,055 | €50,288 | -€25,767 | -33.9% |
| Income taxes | 67/77 | €24,921 | €17,194 | -€7,727 | -31.0% |
| Profit (loss) for the period | 9904 | €51,134 | €33,094 | -€18,040 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,134 | €33,094 | -€18,040 | -35.3% |
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 10 October 2026 via checked.be.