KASITO: 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.
KASITO
Largest movements
- Tangible fixed assets -€64,440
down €64,440 (-6.2%), from €1.0m to €977,680
of which Land and buildings: -€39,192
- Receivables within one year +€29,416
up €29,416 (+23.0%), from €127,675 to €157,092
of which Trade receivables: +€34,395
- Stocks and contracts -€23,313
down €23,313 (-8.7%), from €269,010 to €245,697
- Reserves +€316,119
up €316,119 (+183%), from €172,478 to €488,596
- Profit (loss) carried forward -€315,604
down €315,604 (-100%), from €315,604 to €0
- Trade debts -€96,636
down €96,636 (-81.9%), from €118,025 to €21,389
- Other debts +€87,478
up €87,478 (+21.1%), from €414,469 to €501,947
- Accrued charges and deferred income -€33,177
down €33,177 (-100%), from €33,177 to €0
- Gross operating margin -€63,542
down €63,542 (-42.8%), from €148,464 to €84,922
- Financial charges -€29,427
down €29,427 (-68.8%), from €42,775 to €13,348
- Financial income +€18,972
up €18,972 (+1,934%), from €981 to €19,953
- Write-downs -€13,251
down €13,251 (-50.0%), from €26,502 to €13,251
- Depreciation +€2,210
up €2,210 (+3.4%), from €64,286 to €66,496
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 | €1,550,631 | €1,478,431 | -€72,200 | -4.7% |
| Fixed assets | 21/28 | €1,042,121 | €977,680 | -€64,440 | -6.2% |
| Tangible fixed assets | 22/27 | €1,042,121 | €977,680 | -€64,440 | -6.2% |
| Land and buildings | 22 | €924,083 | €884,890 | -€39,192 | -4.2% |
| Furniture and vehicles | 24 | €62,324 | €41,718 | -€20,605 | -33.1% |
| Other tangible fixed assets | 26 | €55,715 | €51,072 | -€4,643 | -8.3% |
| Current assets | 29/58 | €508,510 | €500,750 | -€7,760 | -1.5% |
| Stocks and contracts in progress | 3 | €269,010 | €245,697 | -€23,313 | -8.7% |
| Stocks | 30/36 | €269,010 | €245,697 | -€23,313 | -8.7% |
| Amounts receivable within one year | 40/41 | €127,675 | €157,092 | +€29,416 | +23.0% |
| Trade receivables | 40 | €51,214 | €85,609 | +€34,395 | +67.2% |
| Other amounts receivable | 41 | €76,461 | €71,482 | -€4,979 | -6.5% |
| Current investments | 50/53 | €79,998 | €70,000 | -€9,998 | -12.5% |
| Cash at bank and in hand | 54/58 | €29,350 | €26,581 | -€2,770 | -9.4% |
| Deferred charges and accrued income | 490/1 | €2,476 | €1,381 | -€1,095 | -44.2% |
| Total equity and liabilities | 10/49 | €1,550,631 | €1,478,431 | -€72,200 | -4.7% |
| Equity | 10/15 | €588,082 | €588,596 | +€514 | +0.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €172,478 | €488,596 | +€316,119 | +183% |
| Distributable reserves | 133 | €172,478 | €488,596 | +€316,119 | +183% |
| Profit (loss) carried forward | 14 | €315,604 | €0 | -€315,604 | -100% |
| Amounts payable | 17/49 | €962,549 | €889,834 | -€72,714 | -7.6% |
| Amounts payable after more than one year | 17 | €348,158 | €319,486 | -€28,673 | -8.2% |
| Financial debts | 170/4 | €348,158 | €319,486 | -€28,673 | -8.2% |
| Amounts payable within one year | 42/48 | €581,213 | €570,349 | -€10,865 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €28,277 | €28,673 | +€396 | +1.4% |
| Trade debts | 44 | €118,025 | €21,389 | -€96,636 | -81.9% |
| Suppliers | 440/4 | €118,025 | €21,389 | -€96,636 | -81.9% |
| Advances received on contracts in progress | 46 | €8,500 | €8,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,942 | €9,839 | -€2,103 | -17.6% |
| Taxes | 450/3 | €11,942 | €9,839 | -€2,103 | -17.6% |
| Other amounts payable | 47/48 | €414,469 | €501,947 | +€87,478 | +21.1% |
| Accrued charges and deferred income | 492/3 | €33,177 | €0 | -€33,177 | -100% |
| Non-recurring operating income | 76A | €7,639 | €0 | -€7,639 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,286 | €66,496 | +€2,210 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,502 | €13,251 | -€13,251 | -50.0% |
| Other operating charges | 640/8 | €12,223 | €10,955 | -€1,269 | -10.4% |
| Gross operating margin | 9900 | €148,464 | €84,922 | -€63,542 | -42.8% |
| Operating profit (loss) | 9901 | €45,453 | -€5,780 | -€51,233 | |
| Financial income | 75/76B | €981 | €19,953 | +€18,972 | +1,934% |
| Recurring financial income | 75 | €981 | €19,953 | +€18,972 | +1,934% |
| Financial charges | 65/66B | €42,775 | €13,348 | -€29,427 | -68.8% |
| Recurring financial charges | 65 | €42,775 | €13,348 | -€29,427 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | €3,659 | €825 | -€2,833 | -77.4% |
| Income taxes | 67/77 | -€44 | €311 | +€355 | |
| Profit (loss) for the period | 9904 | €3,703 | €514 | -€3,188 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,703 | €514 | -€3,188 | -86.1% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.