KASK: 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.
KASK
Largest movements
- Cash -€46,463
down €46,463 (-65.7%), from €70,745 to €24,283
mainly Contributions, distributions and other (-€71,408) and Investment in fixed assets (net) (-€9,987)
- Receivables within one year +€9,375
up €9,375 (+83.0%), from €11,289 to €20,665
of which Trade receivables: +€9,383
- Tangible fixed assets +€7,169
up €7,169 (+148.8%), from €4,819 to €11,988
of which Other tangible fixed assets: +€9,269
- Reserves -€32,730
down €32,730 (-45.8%), from €71,408 to €38,678
- Other debts +€1,954
up €1,954 (+65.5%), from €2,982 to €4,935
- Tax, wage and social debts +€900
up €900 (+12.8%), from €7,017 to €7,917
- Gross operating margin +€4,444
up €4,444 (+8.8%), from €50,296 to €54,739
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 | €88,629 | €59,493 | -€29,136 | -32.9% |
| Fixed assets | 21/28 | €4,819 | €11,988 | +€7,169 | +148.8% |
| Tangible fixed assets | 22/27 | €4,819 | €11,988 | +€7,169 | +148.8% |
| Land and buildings | 22 | €183 | €0 | -€183 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,636 | €2,719 | -€1,917 | -41.3% |
| Other tangible fixed assets | 26 | - | €9,269 | +€9,269 | |
| Current assets | 29/58 | €83,810 | €47,504 | -€36,306 | -43.3% |
| Amounts receivable within one year | 40/41 | €11,289 | €20,665 | +€9,375 | +83.0% |
| Trade receivables | 40 | €11,282 | €20,665 | +€9,383 | +83.2% |
| Other amounts receivable | 41 | €7 | €0 | -€7 | -100.0% |
| Cash at bank and in hand | 54/58 | €70,745 | €24,283 | -€46,463 | -65.7% |
| Deferred charges and accrued income | 490/1 | €1,776 | €2,557 | +€781 | +44.0% |
| Total equity and liabilities | 10/49 | €88,629 | €59,493 | -€29,136 | -32.9% |
| Equity | 10/15 | €73,408 | €40,678 | -€32,730 | -44.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €71,408 | €38,678 | -€32,730 | -45.8% |
| Distributable reserves | 133 | €71,408 | €38,678 | -€32,730 | -45.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €15,221 | €18,815 | +€3,594 | +23.6% |
| Amounts payable within one year | 42/48 | €15,221 | €18,267 | +€3,046 | +20.0% |
| Trade debts | 44 | €5,222 | €5,415 | +€192 | +3.7% |
| Suppliers | 440/4 | €5,222 | €5,415 | +€192 | +3.7% |
| Taxes, remuneration and social security | 45 | €7,017 | €7,917 | +€900 | +12.8% |
| Taxes | 450/3 | €7,017 | €7,917 | +€900 | +12.8% |
| Other amounts payable | 47/48 | €2,982 | €4,935 | +€1,954 | +65.5% |
| Accrued charges and deferred income | 492/3 | - | €548 | +€548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,260 | €2,818 | -€442 | -13.6% |
| Other operating charges | 640/8 | €1,229 | €1,061 | -€168 | -13.6% |
| Non-recurring operating charges | 66A | - | €888 | +€888 | |
| Gross operating margin | 9900 | €50,296 | €54,739 | +€4,444 | +8.8% |
| Operating profit (loss) | 9901 | €45,807 | €49,972 | +€4,165 | +9.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €407 | €872 | +€465 | +114.3% |
| Recurring financial charges | 65 | €407 | €872 | +€465 | +114.3% |
| Profit (loss) for the period before taxes | 9903 | €45,400 | €49,101 | +€3,700 | +8.2% |
| Income taxes | 67/77 | €9,946 | €10,423 | +€477 | +4.8% |
| Profit (loss) for the period | 9904 | €35,455 | €38,678 | +€3,223 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,455 | €38,678 | +€3,223 | +9.1% |
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 12 October 2026 via checked.be.