KASP: 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.
KASP
Largest movements
- Cash +€339,576
up €339,576 (+80.0%), from €424,574 to €764,150
mainly Net result for the year (+€542,771) and Receivables after one year (+€100,000)
- Receivables after one year -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
- Receivables within one year +€51,893
up €51,893 (+6,451%), from €804 to €52,698
of which Trade receivables: +€50,000
- Deferred charges and accrued income -€48,734
down €48,734 (-24.2%), from €201,291 to €152,557
- Current investments +€30,521
up €30,521 (+1.9%), from €1.6m to €1.6m
- Reserves +€249,424
up €249,424 (+10.2%), from €2.5m to €2.7m
of which Distributable reserves: +€270,474
- Gross operating margin +€99,642
up €99,642 (+16.9%), from €591,117 to €690,759
- Financial income +€61,223
up €61,223 (+180%), from €33,976 to €95,199
- Taxes +€36,719
up €36,719 (+18.6%), from €197,548 to €234,267
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 | €2,545,450 | €2,813,032 | +€267,582 | +10.5% |
| Fixed assets | 21/28 | €26,070 | €20,397 | -€5,673 | -21.8% |
| Tangible fixed assets | 22/27 | €22,367 | €16,694 | -€5,673 | -25.4% |
| Land and buildings | 22 | €13,670 | €10,667 | -€3,003 | -22.0% |
| Plant, machinery and equipment | 23 | €4,444 | €3,240 | -€1,204 | -27.1% |
| Furniture and vehicles | 24 | €4,254 | €2,787 | -€1,466 | -34.5% |
| Financial fixed assets | 28 | €3,703 | €3,703 | = | 0.0% |
| Current assets | 29/58 | €2,519,380 | €2,792,636 | +€273,255 | +10.8% |
| Amounts receivable after more than one year | 29 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Other amounts receivable | 291 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €804 | €52,698 | +€51,893 | +6,451% |
| Trade receivables | 40 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 41 | €804 | €2,698 | +€1,893 | +235% |
| Current investments | 50/53 | €1,592,710 | €1,623,231 | +€30,521 | +1.9% |
| Cash at bank and in hand | 54/58 | €424,574 | €764,150 | +€339,576 | +80.0% |
| Deferred charges and accrued income | 490/1 | €201,291 | €152,557 | -€48,734 | -24.2% |
| Total equity and liabilities | 10/49 | €2,545,450 | €2,813,032 | +€267,582 | +10.5% |
| Equity | 10/15 | €2,530,012 | €2,779,435 | +€249,424 | +9.9% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €2,455,612 | €2,705,035 | +€249,424 | +10.2% |
| Tax-exempt reserves | 132 | €210,500 | €189,450 | -€21,050 | -10.0% |
| Distributable reserves | 133 | €2,245,112 | €2,515,585 | +€270,474 | +12.0% |
| Amounts payable | 17/49 | €15,439 | €33,597 | +€18,159 | +118% |
| Amounts payable within one year | 42/48 | €15,439 | €33,597 | +€18,159 | +118% |
| Trade debts | 44 | €4,962 | €3,863 | -€1,099 | -22.1% |
| Suppliers | 440/4 | €4,962 | €3,863 | -€1,099 | -22.1% |
| Taxes, remuneration and social security | 45 | €10,477 | €29,734 | +€19,257 | +184% |
| Taxes | 450/3 | €10,477 | €29,734 | +€19,257 | +184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,910 | €5,673 | -€237 | -4.0% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €591,117 | €690,759 | +€99,642 | +16.9% |
| Operating profit (loss) | 9901 | €585,092 | €684,960 | +€99,868 | +17.1% |
| Financial income | 75/76B | €33,976 | €95,199 | +€61,223 | +180% |
| Recurring financial income | 75 | €33,976 | €95,199 | +€61,223 | +180% |
| Financial charges | 65/66B | €1,207 | €3,121 | +€1,914 | +159% |
| Recurring financial charges | 65 | €1,207 | €3,121 | +€1,914 | +159% |
| Profit (loss) for the period before taxes | 9903 | €617,861 | €777,038 | +€159,177 | +25.8% |
| Income taxes | 67/77 | €197,548 | €234,267 | +€36,719 | +18.6% |
| Profit (loss) for the period | 9904 | €420,313 | €542,771 | +€122,458 | +29.1% |
| Transfer from tax-exempt reserves | 789 | €99,879 | €126,300 | +€26,421 | +26.5% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €105,250 | +€21,050 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €435,992 | €563,821 | +€127,829 | +29.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.