KASIAN: 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.
KASIAN
Largest movements
- Receivables within one year +€14,571
up €14,571 (+5.7%), from €255,077 to €269,649
of which Trade receivables: +€10,581
- Tangible fixed assets +€10,412
up €10,412 (+21.9%), from €47,520 to €57,931
of which Furniture and vehicles: +€14,462
- Cash +€6,774
up €6,774 (+56.0%), from €12,104 to €18,878
mainly Net result for the year (+€32,218) and Depreciation (+€19,956)
- Reserves +€21,218
up €21,218 (+11.2%), from €189,973 to €211,191
- Trade debts +€9,698
up €9,698 (+45.5%), from €21,300 to €30,998
- Debts after one year +€5,000
up €5,000 (+6.6%), from €75,908 to €80,908
- Financial income -€18,073
down €18,073 (-79.2%), from €22,809 to €4,736
- Gross operating margin +€15,465
up €15,465 (+8.9%), from €173,486 to €188,951
- Write-downs -€5,730
no longer reported in 2025 (was €5,730)
- Depreciation +€4,303
up €4,303 (+27.5%), from €15,653 to €19,956
- Staff costs +€3,818
up €3,818 (+3.4%), from €113,408 to €117,226
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 | €329,685 | €362,226 | +€32,541 | +9.9% |
| Fixed assets | 21/28 | €47,520 | €57,931 | +€10,412 | +21.9% |
| Tangible fixed assets | 22/27 | €47,520 | €57,931 | +€10,412 | +21.9% |
| Plant, machinery and equipment | 23 | €3,892 | €1,912 | -€1,980 | -50.9% |
| Furniture and vehicles | 24 | €38,657 | €53,119 | +€14,462 | +37.4% |
| Other tangible fixed assets | 26 | €4,971 | €2,900 | -€2,070 | -41.6% |
| Current assets | 29/58 | €282,165 | €304,295 | +€22,129 | +7.8% |
| Amounts receivable within one year | 40/41 | €255,077 | €269,649 | +€14,571 | +5.7% |
| Trade receivables | 40 | €171,379 | €181,961 | +€10,581 | +6.2% |
| Other amounts receivable | 41 | €83,698 | €87,688 | +€3,990 | +4.8% |
| Cash at bank and in hand | 54/58 | €12,104 | €18,878 | +€6,774 | +56.0% |
| Deferred charges and accrued income | 490/1 | €14,984 | €15,768 | +€784 | +5.2% |
| Total equity and liabilities | 10/49 | €329,685 | €362,226 | +€32,541 | +9.9% |
| Equity | 10/15 | €208,573 | €229,791 | +€21,218 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €189,973 | €211,191 | +€21,218 | +11.2% |
| Distributable reserves | 133 | €189,973 | €211,191 | +€21,218 | +11.2% |
| Amounts payable | 17/49 | €121,111 | €132,435 | +€11,323 | +9.3% |
| Amounts payable after more than one year | 17 | €75,908 | €80,908 | +€5,000 | +6.6% |
| Financial debts | 170/4 | €75,908 | €80,908 | +€5,000 | +6.6% |
| Amounts payable within one year | 42/48 | €45,203 | €51,517 | +€6,314 | +14.0% |
| Trade debts | 44 | €21,300 | €30,998 | +€9,698 | +45.5% |
| Suppliers | 440/4 | €21,300 | €30,998 | +€9,698 | +45.5% |
| Taxes, remuneration and social security | 45 | €23,903 | €20,519 | -€3,384 | -14.2% |
| Taxes | 450/3 | €9,603 | €9,977 | +€374 | +3.9% |
| Remuneration and social security | 454/9 | €14,300 | €10,542 | -€3,758 | -26.3% |
| Accrued charges and deferred income | 492/3 | - | €9 | +€9 | |
| Remuneration, social security and pensions | 62 | €113,408 | €117,226 | +€3,818 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,653 | €19,956 | +€4,303 | +27.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,730 | - | -€5,730 | |
| Other operating charges | 640/8 | €4,056 | €3,097 | -€959 | -23.6% |
| Gross operating margin | 9900 | €173,486 | €188,951 | +€15,465 | +8.9% |
| Operating profit (loss) | 9901 | €34,640 | €48,672 | +€14,032 | +40.5% |
| Financial income | 75/76B | €22,809 | €4,736 | -€18,073 | -79.2% |
| Recurring financial income | 75 | €22,809 | €4,736 | -€18,073 | -79.2% |
| Financial charges | 65/66B | €5,775 | €3,849 | -€1,927 | -33.4% |
| Recurring financial charges | 65 | €5,775 | €3,849 | -€1,927 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €51,673 | €49,559 | -€2,114 | -4.1% |
| Income taxes | 67/77 | €17,310 | €17,341 | +€31 | +0.2% |
| Profit (loss) for the period | 9904 | €34,364 | €32,218 | -€2,146 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,364 | €32,218 | -€2,146 | -6.2% |
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.