KasaConsult: what changed
What changed
KasaConsult
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€177,171
2024 · €120,731+€56,440
Equity
€1.6m
2024 · €1.4m+€177,171
Cash
€965,746
2024 · €700,519+€265,227
Balance sheet total
€2.0m
2024 · €1.6m+€406,062
Largest movements
Assets
- Receivables within one year +€787,189
up €787,189 (+804%), from €97,949 to €885,138
of which Trade receivables: +€801,844
- Current investments -€650,000
no longer reported in 2025 (was €650,000)
- Cash +€265,227
up €265,227 (+37.9%), from €700,519 to €965,746
mainly Current investments (+€650,000) and Net result for the year (+€177,171)
Equity and liabilities
- Reserves +€177,100
up €177,100 (+12.3%), from €1.4m to €1.6m
- Trade debts +€155,432
up €155,432 (+232%), from €67,041 to €222,473
- Tax, wage and social debts +€78,299
up €78,299 (+115%), from €68,073 to €146,372
of which Taxes: +€75,576
Income statement
- Gross operating margin +€111,086
up €111,086 (+40.6%), from €273,831 to €384,917
- Taxes +€29,067
up €29,067 (+47.2%), from €61,564 to €90,631
- Financial income -€15,180
down €15,180 (-58.0%), from €26,174 to €10,993
- Other operating charges +€4,714
up €4,714 (+2,387%), from €198 to €4,912
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.
Result 2024
€120,731
Gross operating margin
+€111,086
Staff costs
-€3,499
Depreciation
-€858
Other operating charges
-€4,714
Financial income
-€15,180
Financial charges
-€1,326
Taxes
-€29,067
Result 2025
€177,171
raises the resultlowers the result
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.
From operations
-€372,011
Investment
+€637,238
Financing
€0
Cash 2024
€700,519
From operations (derived)
-€372,011
Net result for the year
+€177,171
Depreciation
+€12,951
Receivables within one year
-€787,189
Deferred charges and accrued income
-€3,834
Trade debts
+€155,432
Tax, wage and social debts
+€78,299
Other debts
+€5,505
Accrued charges and deferred income
-€10,345
Investment (derived)
+€637,238
Investment in fixed assets (net)
-€12,762
Current investments
+€650,000
Cash 2025
€965,746
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,596,546 | €2,002,608 | +€406,062 | +25.4% |
| Fixed assets | 21/28 | €148,078 | €147,890 | -€189 | -0.1% |
| Intangible fixed assets | 21 | €964 | €564 | -€400 | -41.5% |
| Tangible fixed assets | 22/27 | €147,114 | €147,325 | +€211 | +0.1% |
| Land and buildings | 22 | €126,000 | €117,000 | -€9,000 | -7.1% |
| Plant, machinery and equipment | 23 | €17,674 | €23,986 | +€6,312 | +35.7% |
| Furniture and vehicles | 24 | €0 | €1,350 | +€1,350 | |
| Other tangible fixed assets | 26 | €3,440 | €4,990 | +€1,550 | +45.0% |
| Current assets | 29/58 | €1,448,468 | €1,854,719 | +€406,251 | +28.0% |
| Amounts receivable within one year | 40/41 | €97,949 | €885,138 | +€787,189 | +804% |
| Trade receivables | 40 | €59,146 | €860,990 | +€801,844 | +1,356% |
| Other amounts receivable | 41 | €38,803 | €24,148 | -€14,654 | -37.8% |
| Current investments | 50/53 | €650,000 | - | -€650,000 | |
| Cash at bank and in hand | 54/58 | €700,519 | €965,746 | +€265,227 | +37.9% |
| Deferred charges and accrued income | 490/1 | - | €3,834 | +€3,834 | |
| Total equity and liabilities | 10/49 | €1,596,546 | €2,002,608 | +€406,062 | +25.4% |
| Equity | 10/15 | €1,443,157 | €1,620,329 | +€177,171 | +12.3% |
| Reserves | 13 | €1,442,560 | €1,619,660 | +€177,100 | +12.3% |
| Distributable reserves | 133 | €1,442,560 | €1,619,660 | +€177,100 | +12.3% |
| Profit (loss) carried forward | 14 | €597 | €669 | +€71 | +12.0% |
| Amounts payable | 17/49 | €153,389 | €382,280 | +€228,891 | +149% |
| Amounts payable within one year | 42/48 | €143,044 | €382,280 | +€239,236 | +167% |
| Trade debts | 44 | €67,041 | €222,473 | +€155,432 | +232% |
| Suppliers | 440/4 | €67,041 | €222,473 | +€155,432 | +232% |
| Taxes, remuneration and social security | 45 | €68,073 | €146,372 | +€78,299 | +115% |
| Taxes | 450/3 | €51,021 | €126,597 | +€75,576 | +148% |
| Remuneration and social security | 454/9 | €17,052 | €19,775 | +€2,723 | +16.0% |
| Other amounts payable | 47/48 | €7,930 | €13,435 | +€5,505 | +69.4% |
| Accrued charges and deferred income | 492/3 | €10,345 | - | -€10,345 | |
| Remuneration, social security and pensions | 62 | €104,692 | €108,191 | +€3,499 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,093 | €12,951 | +€858 | +7.1% |
| Other operating charges | 640/8 | €198 | €4,912 | +€4,714 | +2,387% |
| Gross operating margin | 9900 | €273,831 | €384,917 | +€111,086 | +40.6% |
| Operating profit (loss) | 9901 | €156,849 | €258,863 | +€102,014 | +65.0% |
| Financial income | 75/76B | €26,174 | €10,993 | -€15,180 | -58.0% |
| Recurring financial income | 75 | €26,174 | €10,993 | -€15,180 | -58.0% |
| Financial charges | 65/66B | €727 | €2,053 | +€1,326 | +182% |
| Recurring financial charges | 65 | €727 | €2,053 | +€1,326 | +182% |
| Profit (loss) for the period before taxes | 9903 | €182,295 | €267,803 | +€85,508 | +46.9% |
| Income taxes | 67/77 | €61,564 | €90,631 | +€29,067 | +47.2% |
| Profit (loss) for the period | 9904 | €120,731 | €177,171 | +€56,440 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €120,731 | €177,171 | +€56,440 | +46.7% |
Next steps
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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.