KASABEL: what changed
KASABEL
Largest movements
- Cash +€39,729
up €39,729 (+322%), from €12,353 to €52,083
mainly Receivables within one year (+€22,082) and Net result for the year (+€6,496)
- Receivables within one year -€22,082
down €22,082 (-91.7%), from €24,078 to €1,996
of which Other amounts receivable: -€21,818
- Stocks and contracts -€5,103
down €5,103 (-67.2%), from €7,590 to €2,487
- Tangible fixed assets -€1,450
no longer reported in 2025 (was €1,450)
- Profit (loss) carried forward +€6,496
up €6,496 (+61.6%), from €10,545 to €17,041
- Tax, wage and social debts +€3,852
up €3,852 (+183%), from €2,108 to €5,960
- Trade debts +€746
up €746 (+3.0%), from €24,459 to €25,204
- Gross operating margin -€21,652
down €21,652 (-64.0%), from €33,840 to €12,187
- Financial income -€1,869
down €1,869 (-100.0%), from €1,870 to €0
- Write-downs +€1,785
new in 2025: €1,785
- Other operating charges -€1,576
down €1,576 (-88.2%), from €1,787 to €211
- Taxes -€345
down €345 (-16.3%), from €2,108 to €1,763
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,472 | €56,565 | +€11,093 | +24.4% |
| Fixed assets | 21/28 | €1,450 | - | -€1,450 | |
| Tangible fixed assets | 22/27 | €1,450 | - | -€1,450 | |
| Plant, machinery and equipment | 23 | €1,450 | - | -€1,450 | |
| Current assets | 29/58 | €44,022 | €56,565 | +€12,543 | +28.5% |
| Stocks and contracts in progress | 3 | €7,590 | €2,487 | -€5,103 | -67.2% |
| Stocks | 30/36 | €7,590 | €2,487 | -€5,103 | -67.2% |
| Amounts receivable within one year | 40/41 | €24,078 | €1,996 | -€22,082 | -91.7% |
| Trade receivables | 40 | €264 | - | -€264 | |
| Other amounts receivable | 41 | €23,814 | €1,996 | -€21,818 | -91.6% |
| Cash at bank and in hand | 54/58 | €12,353 | €52,083 | +€39,729 | +322% |
| Total equity and liabilities | 10/49 | €45,472 | €56,565 | +€11,093 | +24.4% |
| Equity | 10/15 | €18,905 | €25,401 | +€6,496 | +34.4% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Contributions outside capital | 11 | €6,500 | - | -€6,500 | |
| Share premium | 1100/10 | €6,500 | - | -€6,500 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €10,545 | €17,041 | +€6,496 | +61.6% |
| Amounts payable | 17/49 | €26,567 | €31,164 | +€4,597 | +17.3% |
| Amounts payable within one year | 42/48 | €26,567 | €31,164 | +€4,597 | +17.3% |
| Trade debts | 44 | €24,459 | €25,204 | +€746 | +3.0% |
| Suppliers | 440/4 | €24,459 | €25,204 | +€746 | +3.0% |
| Taxes, remuneration and social security | 45 | €2,108 | €5,960 | +€3,852 | +183% |
| Taxes | 450/3 | €2,108 | €5,960 | +€3,852 | +183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,722 | €1,450 | -€272 | -15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,785 | +€1,785 | |
| Other operating charges | 640/8 | €1,787 | €211 | -€1,576 | -88.2% |
| Gross operating margin | 9900 | €33,840 | €12,187 | -€21,652 | -64.0% |
| Operating profit (loss) | 9901 | €30,330 | €8,741 | -€21,589 | -71.2% |
| Financial income | 75/76B | €1,870 | €0 | -€1,869 | -100.0% |
| Recurring financial income | 75 | €1,870 | €0 | -€1,869 | -100.0% |
| Financial charges | 65/66B | €155 | €482 | +€327 | +212% |
| Recurring financial charges | 65 | €155 | €482 | +€327 | +212% |
| Profit (loss) for the period before taxes | 9903 | €32,045 | €8,259 | -€23,786 | -74.2% |
| Income taxes | 67/77 | €2,108 | €1,763 | -€345 | -16.3% |
| Profit (loss) for the period | 9904 | €29,937 | €6,496 | -€23,441 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,937 | €6,496 | -€23,441 | -78.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.