KASKIN: what changed
Two fiscal 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.
KASKIN
Largest movements
- Receivables within one year +€124,337
new in 2025: €124,337
- Current investments -€59,716
no longer reported in 2025 (was €59,716)
- Cash +€22,702
up €22,702 (+67.9%), from €33,440 to €56,142
mainly Net result for the year (+€68,049) and Current investments (+€59,716)
- Profit (loss) carried forward +€68,049
up €68,049 (+84.2%), from €80,788 to €148,837
- Tax, wage and social debts +€19,023
up €19,023 (+107.0%), from €17,777 to €36,800
- Gross operating margin -€4,317
down €4,317 (-5.0%), from €87,121 to €82,804
- Financial income +€4,072
up €4,072 (+419.3%), from €971 to €5,043
- Taxes +€2,295
up €2,295 (+13.9%), from €16,513 to €18,808
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 | €104,503 | €190,538 | +€86,035 | +82.3% |
| Formation expenses | 20 | €1,080 | €787 | -€293 | -27.1% |
| Fixed assets | 21/28 | - | €694 | +€694 | |
| Tangible fixed assets | 22/27 | - | €694 | +€694 | |
| Furniture and vehicles | 24 | - | €694 | +€694 | |
| Current assets | 29/58 | €103,423 | €189,057 | +€85,634 | +82.8% |
| Amounts receivable within one year | 40/41 | - | €124,337 | +€124,337 | |
| Other amounts receivable | 41 | - | €124,337 | +€124,337 | |
| Current investments | 50/53 | €59,716 | - | -€59,716 | |
| Cash at bank and in hand | 54/58 | €33,440 | €56,142 | +€22,702 | +67.9% |
| Deferred charges and accrued income | 490/1 | €10,267 | €8,578 | -€1,689 | -16.5% |
| Total equity and liabilities | 10/49 | €104,503 | €190,538 | +€86,035 | +82.3% |
| Equity | 10/15 | €83,788 | €151,837 | +€68,049 | +81.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,788 | €148,837 | +€68,049 | +84.2% |
| Amounts payable | 17/49 | €20,715 | €38,701 | +€17,986 | +86.8% |
| Amounts payable within one year | 42/48 | €20,715 | €38,701 | +€17,986 | +86.8% |
| Trade debts | 44 | €2,938 | €1,901 | -€1,037 | -35.3% |
| Suppliers | 440/4 | €2,938 | €1,901 | -€1,037 | -35.3% |
| Taxes, remuneration and social security | 45 | €17,777 | €36,800 | +€19,023 | +107.0% |
| Taxes | 450/3 | €17,777 | €36,800 | +€19,023 | +107.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292 | €356 | +€64 | +21.9% |
| Other operating charges | 640/8 | €531 | - | -€531 | |
| Gross operating margin | 9900 | €87,121 | €82,804 | -€4,317 | -5.0% |
| Operating profit (loss) | 9901 | €86,297 | €82,448 | -€3,849 | -4.5% |
| Financial income | 75/76B | €971 | €5,043 | +€4,072 | +419.3% |
| Recurring financial income | 75 | €971 | €5,043 | +€4,072 | +419.3% |
| Financial charges | 65/66B | €126 | €634 | +€508 | +404.2% |
| Recurring financial charges | 65 | €126 | €634 | +€508 | +404.2% |
| Profit (loss) for the period before taxes | 9903 | €87,142 | €86,857 | -€285 | -0.3% |
| Income taxes | 67/77 | €16,513 | €18,808 | +€2,295 | +13.9% |
| Profit (loss) for the period | 9904 | €70,630 | €68,049 | -€2,581 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,630 | €68,049 | -€2,581 | -3.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.