KASIA: 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.
KASIA
Largest movements
- Cash -€38,245
down €38,245 (-97.5%), from €39,245 to €1,000
mainly Debts after one year (-€100,665) and Investment in fixed assets (net) (-€21,514)
- Debts after one year -€100,665
down €100,665 (-9.4%), from €1.1m to €969,994
of which Financial debts: -€110,705
- Reserves +€47,504
up €47,504 (+14.7%), from €323,717 to €371,222
of which Distributable reserves: +€53,283
- Other debts +€32,792
up €32,792 (+114%), from €28,697 to €61,489
- Trade debts -€17,612
down €17,612 (-82.9%), from €21,255 to €3,643
- Gross operating margin -€128,052
down €128,052 (-46.4%), from €276,128 to €148,076
- Depreciation -€60,877
down €60,877 (-65.4%), from €93,076 to €32,199
- Taxes +€15,821
up €15,821 (+240%), from €6,583 to €22,404
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 | €1,629,399 | €1,579,124 | -€50,275 | -3.1% |
| Fixed assets | 21/28 | €1,582,759 | €1,572,074 | -€10,685 | -0.7% |
| Tangible fixed assets | 22/27 | €1,582,759 | €1,572,074 | -€10,685 | -0.7% |
| Land and buildings | 22 | €1,579,286 | €1,569,572 | -€9,714 | -0.6% |
| Plant, machinery and equipment | 23 | €513 | €496 | -€17 | -3.4% |
| Furniture and vehicles | 24 | €2,960 | €2,006 | -€953 | -32.2% |
| Current assets | 29/58 | €46,640 | €7,050 | -€39,590 | -84.9% |
| Amounts receivable within one year | 40/41 | €3,800 | €4,800 | +€1,000 | +26.3% |
| Other amounts receivable | 41 | €3,800 | €4,800 | +€1,000 | +26.3% |
| Cash at bank and in hand | 54/58 | €39,245 | €1,000 | -€38,245 | -97.5% |
| Deferred charges and accrued income | 490/1 | €3,595 | €1,250 | -€2,345 | -65.2% |
| Total equity and liabilities | 10/49 | €1,629,399 | €1,579,124 | -€50,275 | -3.1% |
| Equity | 10/15 | €342,317 | €389,822 | +€47,504 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €323,717 | €371,222 | +€47,504 | +14.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €81,499 | €75,720 | -€5,778 | -7.1% |
| Distributable reserves | 133 | €240,359 | €293,642 | +€53,283 | +22.2% |
| Provisions and deferred taxes | 16 | €27,166 | €25,240 | -€1,926 | -7.1% |
| Deferred taxes | 168 | €27,166 | €25,240 | -€1,926 | -7.1% |
| Amounts payable | 17/49 | €1,259,915 | €1,164,063 | -€95,853 | -7.6% |
| Amounts payable after more than one year | 17 | €1,070,659 | €969,994 | -€100,665 | -9.4% |
| Financial debts | 170/4 | €1,040,379 | €929,674 | -€110,705 | -10.6% |
| Other amounts payable | 178/9 | €30,280 | €40,320 | +€10,040 | +33.2% |
| Amounts payable within one year | 42/48 | €188,607 | €194,069 | +€5,462 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €107,095 | €111,533 | +€4,438 | +4.1% |
| Trade debts | 44 | €21,255 | €3,643 | -€17,612 | -82.9% |
| Suppliers | 440/4 | €21,255 | €3,643 | -€17,612 | -82.9% |
| Taxes, remuneration and social security | 45 | €31,560 | €17,404 | -€14,156 | -44.9% |
| Taxes | 450/3 | €31,560 | €17,404 | -€14,156 | -44.9% |
| Other amounts payable | 47/48 | €28,697 | €61,489 | +€32,792 | +114% |
| Accrued charges and deferred income | 492/3 | €650 | - | -€650 | |
| Non-recurring operating income | 76A | €116,369 | - | -€116,369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,076 | €32,199 | -€60,877 | -65.4% |
| Other operating charges | 640/8 | €14,578 | €13,434 | -€1,144 | -7.8% |
| Gross operating margin | 9900 | €276,128 | €148,076 | -€128,052 | -46.4% |
| Operating profit (loss) | 9901 | €168,474 | €102,443 | -€66,031 | -39.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €34,031 | €34,461 | +€430 | +1.3% |
| Recurring financial charges | 65 | €34,031 | €34,461 | +€430 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €134,444 | €67,982 | -€66,462 | -49.4% |
| Transfer from deferred taxes | 780 | €1,926 | €1,926 | = | 0.0% |
| Transfer to deferred taxes | 680 | €29,092 | - | -€29,092 | |
| Income taxes | 67/77 | €6,583 | €22,404 | +€15,821 | +240% |
| Profit (loss) for the period | 9904 | €100,694 | €47,504 | -€53,190 | -52.8% |
| Transfer from tax-exempt reserves | 789 | €5,778 | €5,778 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €87,277 | - | -€87,277 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,196 | €53,283 | +€34,087 | +178% |
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 18 October 2026 via checked.be.