KASHMIR: 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.
KASHMIR
Largest movements
- Cash +€19,983
up €19,983 (+193%), from €10,364 to €30,346
mainly Net result for the year (+€13,478) and Stocks and contracts (+€2,225)
- Stocks and contracts -€2,225
down €2,225 (-20.4%), from €10,889 to €8,664
- Reserves +€13,177
up €13,177 (+1,505%), from €876 to €14,053
of which Distributable reserves: +€13,177
- Accrued charges and deferred income +€2,062
new in 2025: €2,062
- Tax, wage and social debts +€1,257
up €1,257 (+25.6%), from €4,919 to €6,176
of which Taxes: +€1,255
- Other debts +€779
new in 2025: €779
- Gross operating margin +€16,201
up €16,201 (+38.2%), from €42,356 to €58,557
- Staff costs +€8,772
up €8,772 (+27.0%), from €32,529 to €41,300
- Taxes +€1,814
new in 2025: €1,814
- Other operating charges -€1,293
down €1,293 (-41.6%), from €3,105 to €1,812
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.
Derived cash bridge
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 | €24,569 | €42,011 | +€17,441 | +71.0% |
| Fixed assets | 21/28 | €3,000 | €3,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €21,569 | €39,011 | +€17,441 | +80.9% |
| Stocks and contracts in progress | 3 | €10,889 | €8,664 | -€2,225 | -20.4% |
| Stocks | 30/36 | €10,889 | €8,664 | -€2,225 | -20.4% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10,364 | €30,346 | +€19,983 | +193% |
| Deferred charges and accrued income | 490/1 | €316 | €0 | -€316 | -100% |
| Total equity and liabilities | 10/49 | €24,569 | €42,011 | +€17,441 | +71.0% |
| Equity | 10/15 | €19,175 | €32,653 | +€13,478 | +70.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €876 | €14,053 | +€13,177 | +1,505% |
| Non-distributable reserves | 130/1 | €876 | €876 | = | 0.0% |
| Reserves not available under the articles | 1311 | €876 | €876 | = | 0.0% |
| Distributable reserves | 133 | - | €13,177 | +€13,177 | |
| Profit (loss) carried forward | 14 | -€301 | €0 | +€301 | |
| Amounts payable | 17/49 | €5,395 | €9,358 | +€3,964 | +73.5% |
| Amounts payable within one year | 42/48 | €5,395 | €7,296 | +€1,902 | +35.2% |
| Trade debts | 44 | €476 | €341 | -€135 | -28.3% |
| Suppliers | 440/4 | €476 | €341 | -€135 | -28.3% |
| Taxes, remuneration and social security | 45 | €4,919 | €6,176 | +€1,257 | +25.6% |
| Taxes | 450/3 | €206 | €1,461 | +€1,255 | +608% |
| Remuneration and social security | 454/9 | €4,712 | €4,715 | +€3 | +0.1% |
| Other amounts payable | 47/48 | - | €779 | +€779 | |
| Accrued charges and deferred income | 492/3 | - | €2,062 | +€2,062 | |
| Remuneration, social security and pensions | 62 | €32,529 | €41,300 | +€8,772 | +27.0% |
| Other operating charges | 640/8 | €3,105 | €1,812 | -€1,293 | -41.6% |
| Gross operating margin | 9900 | €42,356 | €58,557 | +€16,201 | +38.2% |
| Operating profit (loss) | 9901 | €6,722 | €15,445 | +€8,722 | +130% |
| Financial charges | 65/66B | €139 | €153 | +€14 | +10.4% |
| Recurring financial charges | 65 | €139 | €153 | +€14 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €6,584 | €15,292 | +€8,708 | +132% |
| Income taxes | 67/77 | - | €1,814 | +€1,814 | |
| Profit (loss) for the period | 9904 | €6,584 | €13,478 | +€6,894 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €6,584 | €13,478 | +€6,894 | +105% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.