KASS Pelt: 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.
KASS Pelt
Largest movements
- Tangible fixed assets -€35,666
down €35,666 (-66.3%), from €53,815 to €18,149
of which Furniture and vehicles: -€28,398
- Stocks and contracts +€21,892
up €21,892 (+56.5%), from €38,769 to €60,661
- Cash -€18,734
down €18,734 (-70.1%), from €26,730 to €7,996
mainly Net result for the year (-€38,293) and Stocks and contracts (-€21,892)
- Receivables after one year +€12,294
new in 2025: €12,294
- Receivables within one year +€2,857
up €2,857 (+6.7%), from €42,720 to €45,577
of which Trade receivables: +€3,739
- Trade debts +€41,236
up €41,236 (+15.4%), from €267,921 to €309,157
- Profit (loss) carried forward -€38,293
down €38,293 (-13.6%), from -€282,136 to -€320,429
- Debts after one year -€15,836
down €15,836 (-9.5%), from €166,469 to €150,633
of which Financial debts: -€37,781
- Tax, wage and social debts -€4,464
down €4,464 (-48.1%), from €9,280 to €4,816
of which Taxes: -€5,463
- Gross operating margin +€17,955
up €17,955 (+111.8%), from €16,060 to €34,015
- Staff costs +€16,572
up €16,572 (+61.7%), from €26,848 to €43,420
- Depreciation -€6,947
down €6,947 (-42.0%), from €16,526 to €9,578
- Financial charges -€1,316
down €1,316 (-33.8%), from €3,893 to €2,577
- Other operating charges -€1,082
down €1,082 (-15.7%), from €6,894 to €5,811
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 | €171,534 | €154,177 | -€17,357 | -10.1% |
| Fixed assets | 21/28 | €63,315 | €27,649 | -€35,666 | -56.3% |
| Tangible fixed assets | 22/27 | €53,815 | €18,149 | -€35,666 | -66.3% |
| Plant, machinery and equipment | 23 | €22,981 | €15,799 | -€7,183 | -31.3% |
| Furniture and vehicles | 24 | €30,748 | €2,351 | -€28,398 | -92.4% |
| Other tangible fixed assets | 26 | €86 | €0 | -€86 | -100.0% |
| Financial fixed assets | 28 | €9,500 | €9,500 | = | 0.0% |
| Current assets | 29/58 | €108,219 | €126,528 | +€18,309 | +16.9% |
| Amounts receivable after more than one year | 29 | - | €12,294 | +€12,294 | |
| Trade receivables | 290 | - | €12,294 | +€12,294 | |
| Stocks and contracts in progress | 3 | €38,769 | €60,661 | +€21,892 | +56.5% |
| Stocks | 30/36 | €38,769 | €60,661 | +€21,892 | +56.5% |
| Amounts receivable within one year | 40/41 | €42,720 | €45,577 | +€2,857 | +6.7% |
| Trade receivables | 40 | €12,855 | €16,594 | +€3,739 | +29.1% |
| Other amounts receivable | 41 | €29,865 | €28,983 | -€882 | -3.0% |
| Cash at bank and in hand | 54/58 | €26,730 | €7,996 | -€18,734 | -70.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €171,534 | €154,177 | -€17,357 | -10.1% |
| Equity | 10/15 | -€272,136 | -€310,429 | -€38,293 | -14.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€282,136 | -€320,429 | -€38,293 | -13.6% |
| Amounts payable | 17/49 | €443,670 | €464,606 | +€20,936 | +4.7% |
| Amounts payable after more than one year | 17 | €166,469 | €150,633 | -€15,836 | -9.5% |
| Financial debts | 170/4 | €37,781 | €0 | -€37,781 | -100.0% |
| Other amounts payable | 178/9 | €128,688 | €150,633 | +€21,945 | +17.1% |
| Amounts payable within one year | 42/48 | €277,201 | €313,973 | +€36,772 | +13.3% |
| Trade debts | 44 | €267,921 | €309,157 | +€41,236 | +15.4% |
| Suppliers | 440/4 | €267,921 | €309,157 | +€41,236 | +15.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €9,280 | €4,816 | -€4,464 | -48.1% |
| Taxes | 450/3 | €6,646 | €1,183 | -€5,463 | -82.2% |
| Remuneration and social security | 454/9 | €2,634 | €3,634 | +€999 | +37.9% |
| Remuneration, social security and pensions | 62 | €26,848 | €43,420 | +€16,572 | +61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,526 | €9,578 | -€6,947 | -42.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,894 | €5,811 | -€1,082 | -15.7% |
| Non-recurring operating charges | 66A | €811 | €13,588 | +€12,776 | +1574.9% |
| Gross operating margin | 9900 | €16,060 | €34,015 | +€17,955 | +111.8% |
| Operating profit (loss) | 9901 | -€35,018 | -€38,382 | -€3,364 | -9.6% |
| Financial income | 75/76B | €2,440 | €2,666 | +€226 | +9.3% |
| Recurring financial income | 75 | €2,440 | €2,666 | +€226 | +9.3% |
| Financial charges | 65/66B | €3,893 | €2,577 | -€1,316 | -33.8% |
| Recurring financial charges | 65 | €3,893 | €2,577 | -€1,316 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€36,471 | -€38,293 | -€1,822 | -5.0% |
| Profit (loss) for the period | 9904 | -€36,471 | -€38,293 | -€1,822 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,471 | -€38,293 | -€1,822 | -5.0% |
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.