KASAGY: 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.
KASAGY
Largest movements
- Cash +€252,917
up €252,917 (+102.9%), from €245,900 to €498,817
mainly Net result for the year (+€219,266) and Tax, wage and social debts (+€107,816)
- Receivables within one year +€75,854
up €75,854 (+637.9%), from €11,892 to €87,746
of which Other amounts receivable: +€72,000
- Tangible fixed assets -€12,072
down €12,072 (-13.5%), from €89,710 to €77,638
of which Land and buildings: -€11,029
- Reserves +€217,834
up €217,834 (+86.1%), from €252,867 to €470,701
of which Distributable reserves: +€217,638
- Tax, wage and social debts +€107,816
up €107,816 (+836.9%), from €12,883 to €120,699
of which Taxes: +€100,302
- Other debts -€8,329
down €8,329 (-78.6%), from €10,590 to €2,261
- Financial income +€333,065
up €333,065 (+1281019.2%), from €26 to €333,091
of which Non-recurring financial income: +€311,410
- Taxes +€106,647
up €106,647 (+988.7%), from €10,787 to €117,434
- Gross operating margin -€27,921
down €27,921 (-73.5%), from €37,983 to €10,062
- Purchases and services +€18,456
up €18,456 (+97.2%), from €18,988 to €37,444
- Turnover -€9,465
down €9,465 (-16.6%), from €56,971 to €47,506
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 | €347,502 | €664,201 | +€316,699 | +91.1% |
| Fixed assets | 21/28 | €89,710 | €77,638 | -€12,072 | -13.5% |
| Tangible fixed assets | 22/27 | €89,710 | €77,638 | -€12,072 | -13.5% |
| Land and buildings | 22 | €86,268 | €75,239 | -€11,029 | -12.8% |
| Furniture and vehicles | 24 | €3,442 | €2,399 | -€1,043 | -30.3% |
| Current assets | 29/58 | €257,792 | €586,563 | +€328,771 | +127.5% |
| Amounts receivable within one year | 40/41 | €11,892 | €87,746 | +€75,854 | +637.9% |
| Trade receivables | 40 | €3,892 | €7,746 | +€3,854 | +99.0% |
| Other amounts receivable | 41 | €8,000 | €80,000 | +€72,000 | +900.0% |
| Cash at bank and in hand | 54/58 | €245,900 | €498,817 | +€252,917 | +102.9% |
| Total equity and liabilities | 10/49 | €347,502 | €664,201 | +€316,699 | +91.1% |
| Equity | 10/15 | €322,979 | €540,813 | +€217,834 | +67.4% |
| Contributions | 10/11 | €54,592 | €54,592 | = | 0.0% |
| Reserves | 13 | €252,867 | €470,701 | +€217,834 | +86.1% |
| Non-distributable reserves | 130/1 | €5,459 | €5,459 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,459 | €5,459 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,461 | €1,657 | +€196 | +13.4% |
| Distributable reserves | 133 | €245,947 | €463,585 | +€217,638 | +88.5% |
| Profit (loss) carried forward | 14 | €15,520 | €15,520 | = | 0.0% |
| Amounts payable | 17/49 | €24,523 | €123,388 | +€98,865 | +403.2% |
| Amounts payable within one year | 42/48 | €23,773 | €123,338 | +€99,565 | +418.8% |
| Trade debts | 44 | €300 | €378 | +€78 | +26.0% |
| Suppliers | 440/4 | €300 | €378 | +€78 | +26.0% |
| Taxes, remuneration and social security | 45 | €12,883 | €120,699 | +€107,816 | +836.9% |
| Taxes | 450/3 | €10,800 | €111,102 | +€100,302 | +928.7% |
| Remuneration and social security | 454/9 | €2,083 | €9,597 | +€7,514 | +360.7% |
| Other amounts payable | 47/48 | €10,590 | €2,261 | -€8,329 | -78.6% |
| Accrued charges and deferred income | 492/3 | €750 | €50 | -€700 | -93.3% |
| Turnover | 70 | €56,971 | €47,506 | -€9,465 | -16.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,988 | €37,444 | +€18,456 | +97.2% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€13 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,492 | €3,482 | -€2,010 | -36.6% |
| Other operating charges | 640/8 | €513 | €2,571 | +€2,058 | +401.2% |
| Gross operating margin | 9900 | €37,983 | €10,062 | -€27,921 | -73.5% |
| Operating profit (loss) | 9901 | €31,591 | €3,609 | -€27,982 | -88.6% |
| Financial income | 75/76B | €26 | €333,091 | +€333,065 | +1281019.2% |
| Recurring financial income | 75 | €26 | €21,681 | +€21,655 | +83288.5% |
| Non-recurring financial income | 76B | - | €311,410 | +€311,410 | |
| Profit (loss) for the period before taxes | 9903 | €31,617 | €336,700 | +€305,083 | +964.9% |
| Income taxes | 67/77 | €10,787 | €117,434 | +€106,647 | +988.7% |
| Profit (loss) for the period | 9904 | €20,830 | €219,266 | +€198,436 | +952.6% |
| Transfer to tax-exempt reserves | 689 | €188 | €196 | +€8 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,642 | €219,070 | +€198,428 | +961.3% |
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.