KASA: what changed
KASA
Largest movements
- Cash +€48,948
up €48,948 (+689%), from €7,103 to €56,051
mainly Receivables within one year (+€22,544) and Stocks and contracts (+€20,196)
- Receivables within one year -€22,544
down €22,544 (-30.5%), from €73,898 to €51,355
of which Trade receivables: -€22,530
- Stocks and contracts -€20,196
down €20,196 (-33.8%), from €59,691 to €39,495
of which Contracts in progress: -€19,155
- Tangible fixed assets -€7,365
down €7,365 (-29.9%), from €24,597 to €17,231
of which Leasing and similar rights: -€10,016
- Deferred charges and accrued income +€1,913
up €1,913 (+26.3%), from €7,284 to €9,198
- Debts after one year -€10,188
down €10,188 (-92.3%), from €11,043 to €855
- Reserves +€4,562
up €4,562 (+7.9%), from €57,518 to €62,080
of which Distributable reserves: +€4,562
- Trade debts +€3,445
up €3,445 (+55.0%), from €6,265 to €9,710
- Other debts +€3,411
up €3,411 (+5.9%), from €57,688 to €61,099
- Gross operating margin -€2,392
down €2,392 (-2.5%), from €96,669 to €94,277
- Staff costs -€1,586
down €1,586 (-2.2%), from €72,427 to €70,841
- Depreciation -€1,285
down €1,285 (-10.5%), from €12,271 to €10,985
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,573 | €173,330 | +€756 | +0.4% |
| Fixed assets | 21/28 | €24,597 | €17,231 | -€7,365 | -29.9% |
| Tangible fixed assets | 22/27 | €24,597 | €17,231 | -€7,365 | -29.9% |
| Plant, machinery and equipment | 23 | €2,404 | €4,224 | +€1,820 | +75.7% |
| Furniture and vehicles | 24 | - | €1,177 | +€1,177 | |
| Leasing and similar rights | 25 | €21,153 | €11,138 | -€10,016 | -47.3% |
| Other tangible fixed assets | 26 | €1,040 | €693 | -€347 | -33.3% |
| Current assets | 29/58 | €147,977 | €156,098 | +€8,122 | +5.5% |
| Stocks and contracts in progress | 3 | €59,691 | €39,495 | -€20,196 | -33.8% |
| Stocks | 30/36 | €18,831 | €17,789 | -€1,042 | -5.5% |
| Contracts in progress | 37 | €40,861 | €21,706 | -€19,155 | -46.9% |
| Amounts receivable within one year | 40/41 | €73,898 | €51,355 | -€22,544 | -30.5% |
| Trade receivables | 40 | €73,885 | €51,355 | -€22,530 | -30.5% |
| Other amounts receivable | 41 | €14 | - | -€14 | |
| Cash at bank and in hand | 54/58 | €7,103 | €56,051 | +€48,948 | +689% |
| Deferred charges and accrued income | 490/1 | €7,284 | €9,198 | +€1,913 | +26.3% |
| Total equity and liabilities | 10/49 | €172,573 | €173,330 | +€756 | +0.4% |
| Equity | 10/15 | €69,918 | €74,480 | +€4,562 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €57,518 | €62,080 | +€4,562 | +7.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €55,658 | €60,220 | +€4,562 | +8.2% |
| Amounts payable | 17/49 | €102,655 | €98,850 | -€3,806 | -3.7% |
| Amounts payable after more than one year | 17 | €11,043 | €855 | -€10,188 | -92.3% |
| Financial debts | 170/4 | €11,043 | €855 | -€10,188 | -92.3% |
| Amounts payable within one year | 42/48 | €86,828 | €93,797 | +€6,970 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €10,065 | €10,188 | +€123 | +1.2% |
| Trade debts | 44 | €6,265 | €9,710 | +€3,445 | +55.0% |
| Suppliers | 440/4 | €6,265 | €9,710 | +€3,445 | +55.0% |
| Taxes, remuneration and social security | 45 | €12,809 | €12,800 | -€9 | -0.1% |
| Taxes | 450/3 | €4,863 | €4,146 | -€717 | -14.8% |
| Remuneration and social security | 454/9 | €7,946 | €8,654 | +€708 | +8.9% |
| Other amounts payable | 47/48 | €57,688 | €61,099 | +€3,411 | +5.9% |
| Accrued charges and deferred income | 492/3 | €4,785 | €4,198 | -€587 | -12.3% |
| Remuneration, social security and pensions | 62 | €72,427 | €70,841 | -€1,586 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,271 | €10,985 | -€1,285 | -10.5% |
| Other operating charges | 640/8 | €1,887 | €2,004 | +€117 | +6.2% |
| Gross operating margin | 9900 | €96,669 | €94,277 | -€2,392 | -2.5% |
| Operating profit (loss) | 9901 | €10,084 | €10,446 | +€362 | +3.6% |
| Financial income | 75/76B | €754 | €585 | -€169 | -22.4% |
| Recurring financial income | 75 | €754 | €585 | -€169 | -22.4% |
| Financial charges | 65/66B | €5,533 | €4,760 | -€773 | -14.0% |
| Recurring financial charges | 65 | €5,533 | €4,760 | -€773 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €5,305 | €6,272 | +€967 | +18.2% |
| Income taxes | 67/77 | €676 | €877 | +€201 | +29.8% |
| Profit (loss) for the period | 9904 | €4,629 | €5,395 | +€765 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,629 | €5,395 | +€765 | +16.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.