KASA CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year +€204,691
up €204,691 (+99.9%), from €204,902 to €409,594
of which Trade receivables: +€204,072
- Cash +€55,648
up €55,648 (+245.0%), from €22,709 to €78,356
mainly Trade debts (+€187,256) and Net result for the year (+€71,352)
- Stocks and contracts +€33,750
new in 2025: €33,750
- Tangible fixed assets -€6,159
down €6,159 (-35.5%), from €17,327 to €11,168
of which Plant, machinery and equipment: -€4,687
- Trade debts +€187,256
up €187,256 (+121.9%), from €153,561 to €340,817
- Profit (loss) carried forward +€41,352
up €41,352 (+52.4%), from €78,942 to €120,294
- Other debts +€30,000
new in 2025: €30,000
- Tax, wage and social debts +€29,548
up €29,548 (+207.5%), from €14,243 to €43,792
of which Taxes: +€26,548
- Gross operating margin +€61,429
up €61,429 (+124.7%), from €49,278 to €110,707
- Taxes +€18,160
up €18,160 (+210.8%), from €8,616 to €26,776
- Other operating charges +€3,821
up €3,821 (+262.4%), from €1,456 to €5,277
- Financial charges -€2,726
down €2,726 (-61.1%), from €4,458 to €1,732
of which Non-recurring financial charges: -€3,761
- Financial income +€1,188
up €1,188 (+63.0%), from €1,887 to €3,075
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 | €246,746 | €534,903 | +€288,157 | +116.8% |
| Fixed assets | 21/28 | €18,927 | €11,168 | -€7,759 | -41.0% |
| Tangible fixed assets | 22/27 | €17,327 | €11,168 | -€6,159 | -35.5% |
| Plant, machinery and equipment | 23 | €8,790 | €4,103 | -€4,687 | -53.3% |
| Furniture and vehicles | 24 | €8,537 | €7,065 | -€1,471 | -17.2% |
| Financial fixed assets | 28 | €1,600 | - | -€1,600 | |
| Current assets | 29/58 | €227,819 | €523,734 | +€295,916 | +129.9% |
| Stocks and contracts in progress | 3 | - | €33,750 | +€33,750 | |
| Stocks | 30/36 | - | €33,750 | +€33,750 | |
| Amounts receivable within one year | 40/41 | €204,902 | €409,594 | +€204,691 | +99.9% |
| Trade receivables | 40 | €161,123 | €365,196 | +€204,072 | +126.7% |
| Other amounts receivable | 41 | €43,779 | €44,398 | +€619 | +1.4% |
| Cash at bank and in hand | 54/58 | €22,709 | €78,356 | +€55,648 | +245.0% |
| Deferred charges and accrued income | 490/1 | €207 | €2,034 | +€1,827 | +881.7% |
| Total equity and liabilities | 10/49 | €246,746 | €534,903 | +€288,157 | +116.8% |
| Equity | 10/15 | €78,942 | €120,294 | +€41,352 | +52.4% |
| Profit (loss) carried forward | 14 | €78,942 | €120,294 | +€41,352 | +52.4% |
| Amounts payable | 17/49 | €167,804 | €414,609 | +€246,805 | +147.1% |
| Amounts payable within one year | 42/48 | €167,804 | €414,609 | +€246,805 | +147.1% |
| Trade debts | 44 | €153,561 | €340,817 | +€187,256 | +121.9% |
| Suppliers | 440/4 | €153,561 | €340,817 | +€187,256 | +121.9% |
| Taxes, remuneration and social security | 45 | €14,243 | €43,792 | +€29,548 | +207.5% |
| Taxes | 450/3 | €14,243 | €40,792 | +€26,548 | +186.4% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,730 | €8,645 | +€916 | +11.8% |
| Other operating charges | 640/8 | €1,456 | €5,277 | +€3,821 | +262.4% |
| Gross operating margin | 9900 | €49,278 | €110,707 | +€61,429 | +124.7% |
| Operating profit (loss) | 9901 | €40,092 | €96,785 | +€56,693 | +141.4% |
| Financial income | 75/76B | €1,887 | €3,075 | +€1,188 | +63.0% |
| Recurring financial income | 75 | €1,887 | €3,075 | +€1,188 | +63.0% |
| Financial charges | 65/66B | €4,458 | €1,732 | -€2,726 | -61.1% |
| Recurring financial charges | 65 | €697 | €1,732 | +€1,035 | +148.5% |
| Non-recurring financial charges | 66B | €3,761 | - | -€3,761 | |
| Profit (loss) for the period before taxes | 9903 | €37,521 | €98,128 | +€60,607 | +161.5% |
| Income taxes | 67/77 | €8,616 | €26,776 | +€18,160 | +210.8% |
| Profit (loss) for the period | 9904 | €28,905 | €71,352 | +€42,447 | +146.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,905 | €71,352 | +€42,447 | +146.9% |
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 11 October 2026 via checked.be.