KASABAMA: 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.
KASABAMA
Largest movements
- Current investments +€136,611
up €136,611 (+19.8%), from €689,806 to €826,417
- Cash +€64,237
up €64,237 (+86.5%), from €74,231 to €138,468
mainly Net result for the year (+€221,586) and Depreciation (+€25,250)
- Tangible fixed assets -€19,552
down €19,552 (-5.2%), from €376,832 to €357,281
of which Land and buildings: -€14,804
- Reserves +€142,297
up €142,297 (+25.4%), from €560,876 to €703,173
of which Distributable reserves: +€143,441
- Profit (loss) carried forward +€34,746
no longer reported in 2025 (was -€34,746)
- Financial income +€216,121
up €216,121 (+1352.9%), from €15,974 to €232,095
- Gross operating margin -€10,166
down €10,166 (-15.6%), from €65,361 to €55,195
- Taxes -€9,408
down €9,408 (-49.8%), from €18,888 to €9,480
- Other operating charges -€4,906
down €4,906 (-14.8%), from €33,046 to €28,140
- Depreciation +€983
up €983 (+4.0%), from €24,267 to €25,250
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 | €1,149,499 | €1,325,131 | +€175,632 | +15.3% |
| Fixed assets | 21/28 | €376,882 | €357,331 | -€19,552 | -5.2% |
| Tangible fixed assets | 22/27 | €376,832 | €357,281 | -€19,552 | -5.2% |
| Land and buildings | 22 | €340,615 | €325,811 | -€14,804 | -4.3% |
| Plant, machinery and equipment | 23 | €36,217 | €29,192 | -€7,025 | -19.4% |
| Furniture and vehicles | 24 | - | €2,277 | +€2,277 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €772,617 | €967,800 | +€195,184 | +25.3% |
| Amounts receivable within one year | 40/41 | €7,427 | - | -€7,427 | |
| Other amounts receivable | 41 | €7,427 | - | -€7,427 | |
| Current investments | 50/53 | €689,806 | €826,417 | +€136,611 | +19.8% |
| Cash at bank and in hand | 54/58 | €74,231 | €138,468 | +€64,237 | +86.5% |
| Deferred charges and accrued income | 490/1 | €1,153 | €2,916 | +€1,763 | +152.9% |
| Total equity and liabilities | 10/49 | €1,149,499 | €1,325,131 | +€175,632 | +15.3% |
| Equity | 10/15 | €1,060,012 | €1,237,055 | +€177,043 | +16.7% |
| Contributions | 10/11 | €533,882 | €533,882 | = | 0.0% |
| Reserves | 13 | €560,876 | €703,173 | +€142,297 | +25.4% |
| Tax-exempt reserves | 132 | €4,678 | €3,534 | -€1,144 | -24.5% |
| Distributable reserves | 133 | €556,197 | €699,639 | +€143,441 | +25.8% |
| Profit (loss) carried forward | 14 | -€34,746 | - | +€34,746 | |
| Provisions and deferred taxes | 16 | €1,559 | €1,178 | -€381 | -24.5% |
| Deferred taxes | 168 | €1,559 | €1,178 | -€381 | -24.5% |
| Amounts payable | 17/49 | €87,927 | €86,898 | -€1,030 | -1.2% |
| Amounts payable within one year | 42/48 | €68,922 | €73,058 | +€4,135 | +6.0% |
| Trade debts | 44 | €3,250 | - | -€3,250 | |
| Suppliers | 440/4 | €3,250 | - | -€3,250 | |
| Taxes, remuneration and social security | 45 | €5,987 | €3,154 | -€2,833 | -47.3% |
| Taxes | 450/3 | €5,987 | €3,154 | -€2,833 | -47.3% |
| Other amounts payable | 47/48 | €59,685 | €69,904 | +€10,218 | +17.1% |
| Accrued charges and deferred income | 492/3 | €19,005 | €13,840 | -€5,165 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,267 | €25,250 | +€983 | +4.0% |
| Other operating charges | 640/8 | €33,046 | €28,140 | -€4,906 | -14.8% |
| Gross operating margin | 9900 | €65,361 | €55,195 | -€10,166 | -15.6% |
| Operating profit (loss) | 9901 | €8,048 | €1,806 | -€6,242 | -77.6% |
| Financial income | 75/76B | €15,974 | €232,095 | +€216,121 | +1352.9% |
| Recurring financial income | 75 | €15,974 | €232,095 | +€216,121 | +1352.9% |
| Financial charges | 65/66B | €3,865 | €3,217 | -€649 | -16.8% |
| Recurring financial charges | 65 | €3,865 | €3,217 | -€649 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €20,157 | €230,685 | +€210,528 | +1044.4% |
| Transfer from deferred taxes | 780 | €381 | €381 | = | 0.0% |
| Income taxes | 67/77 | €18,888 | €9,480 | -€9,408 | -49.8% |
| Profit (loss) for the period | 9904 | €1,651 | €221,586 | +€219,936 | +13323.5% |
| Transfer from tax-exempt reserves | 789 | €1,144 | €1,144 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,795 | €222,730 | +€219,936 | +7869.7% |
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.