Kasethi: what changed
Two fiscal 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.
Kasethi
Largest movements
- Current investments +€50,000
up €50,000 (+29.4%), from €170,000 to €219,999
- Tangible fixed assets -€8,350
down €8,350 (-32.7%), from €25,514 to €17,164
of which Furniture and vehicles: -€7,150
- Receivables within one year -€5,259
down €5,259 (-16.6%), from €31,657 to €26,398
of which Trade receivables: -€2,832
- Other debts +€28,359
up €28,359 (+42.9%), from €66,142 to €94,501
- Reserves +€27,513
up €27,513 (+14.4%), from €191,390 to €218,903
- Trade debts -€18,601
down €18,601 (-86.4%), from €21,536 to €2,935
- Gross operating margin +€18,532
up €18,532 (+13.0%), from €142,717 to €161,249
- Taxes +€5,962
up €5,962 (+17.6%), from €33,853 to €39,814
- Depreciation +€4,700
up €4,700 (+128.7%), from €3,651 to €8,350
- Financial income -€1,763
down €1,763 (-48.6%), from €3,628 to €1,865
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 | €285,488 | €322,255 | +€36,767 | +12.9% |
| Fixed assets | 21/28 | €25,514 | €17,164 | -€8,350 | -32.7% |
| Tangible fixed assets | 22/27 | €25,514 | €17,164 | -€8,350 | -32.7% |
| Plant, machinery and equipment | 23 | €551 | €298 | -€253 | -46.0% |
| Furniture and vehicles | 24 | €19,665 | €12,516 | -€7,150 | -36.4% |
| Other tangible fixed assets | 26 | €5,298 | €4,351 | -€948 | -17.9% |
| Current assets | 29/58 | €259,973 | €305,091 | +€45,118 | +17.4% |
| Amounts receivable within one year | 40/41 | €31,657 | €26,398 | -€5,259 | -16.6% |
| Trade receivables | 40 | €24,589 | €21,756 | -€2,832 | -11.5% |
| Other amounts receivable | 41 | €7,068 | €4,642 | -€2,426 | -34.3% |
| Current investments | 50/53 | €170,000 | €219,999 | +€50,000 | +29.4% |
| Cash at bank and in hand | 54/58 | €52,493 | €52,454 | -€39 | -0.1% |
| Deferred charges and accrued income | 490/1 | €5,824 | €6,240 | +€416 | +7.1% |
| Total equity and liabilities | 10/49 | €285,488 | €322,255 | +€36,767 | +12.9% |
| Equity | 10/15 | €194,390 | €221,903 | +€27,513 | +14.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €191,390 | €218,903 | +€27,513 | +14.4% |
| Distributable reserves | 133 | €191,390 | €218,903 | +€27,513 | +14.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,097 | €100,352 | +€9,254 | +10.2% |
| Amounts payable within one year | 42/48 | €89,241 | €97,435 | +€8,194 | +9.2% |
| Trade debts | 44 | €21,536 | €2,935 | -€18,601 | -86.4% |
| Suppliers | 440/4 | €21,536 | €2,935 | -€18,601 | -86.4% |
| Taxes, remuneration and social security | 45 | €1,564 | €0 | -€1,564 | -100.0% |
| Taxes | 450/3 | €1,564 | €0 | -€1,564 | -100.0% |
| Other amounts payable | 47/48 | €66,142 | €94,501 | +€28,359 | +42.9% |
| Accrued charges and deferred income | 492/3 | €1,856 | €2,916 | +€1,060 | +57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,651 | €8,350 | +€4,700 | +128.7% |
| Other operating charges | 640/8 | €1,897 | €1,076 | -€822 | -43.3% |
| Gross operating margin | 9900 | €142,717 | €161,249 | +€18,532 | +13.0% |
| Operating profit (loss) | 9901 | €137,169 | €151,823 | +€14,654 | +10.7% |
| Financial income | 75/76B | €3,628 | €1,865 | -€1,763 | -48.6% |
| Recurring financial income | 75 | €3,628 | €1,865 | -€1,763 | -48.6% |
| Financial charges | 65/66B | €3,128 | €2,960 | -€168 | -5.4% |
| Recurring financial charges | 65 | €3,128 | €2,960 | -€168 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €137,668 | €150,728 | +€13,060 | +9.5% |
| Income taxes | 67/77 | €33,853 | €39,814 | +€5,962 | +17.6% |
| Profit (loss) for the period | 9904 | €103,815 | €110,913 | +€7,098 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €103,815 | €110,913 | +€7,098 | +6.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.