Kassei: 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.
Kassei
Largest movements
- Tangible fixed assets +€338,904
up €338,904 (+111%), from €306,303 to €645,207
of which Land and buildings: +€329,624
- Receivables within one year +€65,454
up €65,454 (+124%), from €52,838 to €118,292
of which Trade receivables: +€59,283
- Debts after one year +€234,383
up €234,383 (+90.3%), from €259,640 to €494,022
- Other debts +€125,450
up €125,450 (+179%), from €70,110 to €195,561
- Profit (loss) carried forward +€26,384
up €26,384, from -€26,384 to €0
- Current portion of long-term debt +€12,563
up €12,563 (+75.5%), from €16,641 to €29,204
- Gross operating margin +€64,366
up €64,366 (+155%), from €41,486 to €105,852
- Depreciation +€11,321
up €11,321 (+136%), from €8,334 to €19,655
- Taxes +€9,328
new in 2025: €9,328
- Financial charges +€8,346
up €8,346 (+59.2%), from €14,099 to €22,445
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 | €361,543 | €766,935 | +€405,392 | +112% |
| Fixed assets | 21/28 | €306,303 | €645,207 | +€338,904 | +111% |
| Tangible fixed assets | 22/27 | €306,303 | €645,207 | +€338,904 | +111% |
| Land and buildings | 22 | €280,418 | €610,042 | +€329,624 | +118% |
| Plant, machinery and equipment | 23 | €25,885 | €35,166 | +€9,280 | +35.9% |
| Current assets | 29/58 | €55,239 | €121,727 | +€66,488 | +120% |
| Amounts receivable within one year | 40/41 | €52,838 | €118,292 | +€65,454 | +124% |
| Trade receivables | 40 | €52,838 | €112,121 | +€59,283 | +112% |
| Other amounts receivable | 41 | €0 | €6,171 | +€6,171 | |
| Cash at bank and in hand | 54/58 | €2,401 | €3,435 | +€1,034 | +43.1% |
| Total equity and liabilities | 10/49 | €361,543 | €766,935 | +€405,392 | +112% |
| Equity | 10/15 | -€214 | €26,247 | +€26,461 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €24,170 | €24,247 | +€77 | +0.3% |
| Distributable reserves | 133 | €24,170 | €24,247 | +€77 | +0.3% |
| Profit (loss) carried forward | 14 | -€26,384 | €0 | +€26,384 | |
| Amounts payable | 17/49 | €361,756 | €740,687 | +€378,931 | +105% |
| Amounts payable after more than one year | 17 | €259,640 | €494,022 | +€234,383 | +90.3% |
| Financial debts | 170/4 | €259,640 | €494,022 | +€234,383 | +90.3% |
| Amounts payable within one year | 42/48 | €102,116 | €245,840 | +€143,723 | +141% |
| Current portion of amounts payable after more than one year | 42 | €16,641 | €29,204 | +€12,563 | +75.5% |
| Trade debts | 44 | €10,537 | €10,279 | -€259 | -2.5% |
| Suppliers | 440/4 | €10,537 | €10,279 | -€259 | -2.5% |
| Taxes, remuneration and social security | 45 | €4,828 | €10,797 | +€5,969 | +124% |
| Taxes | 450/3 | €4,828 | €10,797 | +€5,969 | +124% |
| Other amounts payable | 47/48 | €70,110 | €195,561 | +€125,450 | +179% |
| Accrued charges and deferred income | 492/3 | - | €825 | +€825 | |
| Remuneration, social security and pensions | 62 | €2,112 | €1,824 | -€288 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,334 | €19,655 | +€11,321 | +136% |
| Other operating charges | 640/8 | €1,232 | €810 | -€421 | -34.2% |
| Gross operating margin | 9900 | €41,486 | €105,852 | +€64,366 | +155% |
| Operating profit (loss) | 9901 | €29,808 | €83,563 | +€53,755 | +180% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2,500% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2,500% |
| Financial charges | 65/66B | €14,099 | €22,445 | +€8,346 | +59.2% |
| Recurring financial charges | 65 | €14,099 | €22,445 | +€8,346 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €15,709 | €61,118 | +€45,409 | +289% |
| Income taxes | 67/77 | - | €9,328 | +€9,328 | |
| Profit (loss) for the period | 9904 | €15,709 | €51,790 | +€36,081 | +230% |
| Profit (loss) for the period to be appropriated | 9905 | €15,709 | €51,790 | +€36,081 | +230% |
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 13 October 2026 via checked.be.