KATA KAIZEN: 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.
KATA KAIZEN
Largest movements
- Receivables within one year -€62,980
down €62,980 (-51.9%), from €121,238 to €58,259
of which Trade receivables: -€63,268
- Cash +€12,695
up €12,695 (+16.0%), from €79,116 to €91,811
mainly Receivables within one year (+€62,980) and Other debts (+€40,511)
- Profit (loss) carried forward -€54,424
down €54,424 (-42.6%), from €127,699 to €73,275
- Trade debts -€41,187
down €41,187 (-97.1%), from €42,422 to €1,235
- Other debts +€40,511
up €40,511 (+2048.7%), from €1,977 to €42,488
- Tax, wage and social debts +€4,458
up €4,458 (+16.9%), from €26,309 to €30,767
of which Taxes: +€7,274
- Gross operating margin +€17,209
up €17,209, from -€1,534 to €15,675
- Taxes -€13,271
down €13,271, from €8,010 to -€5,261
- Other operating charges +€2,514
up €2,514 (+161.1%), from €1,560 to €4,074
- Financial charges -€709
down €709 (-78.5%), from €903 to €194
- Depreciation +€339
up €339 (+1820.6%), from €19 to €357
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 | €201,407 | €150,765 | -€50,642 | -25.1% |
| Fixed assets | 21/28 | €1,053 | €696 | -€357 | -33.9% |
| Tangible fixed assets | 22/27 | €1,053 | €696 | -€357 | -33.9% |
| Furniture and vehicles | 24 | €1,053 | €696 | -€357 | -33.9% |
| Current assets | 29/58 | €200,354 | €150,069 | -€50,285 | -25.1% |
| Amounts receivable within one year | 40/41 | €121,238 | €58,259 | -€62,980 | -51.9% |
| Trade receivables | 40 | €121,238 | €57,971 | -€63,268 | -52.2% |
| Other amounts receivable | 41 | - | €288 | +€288 | |
| Cash at bank and in hand | 54/58 | €79,116 | €91,811 | +€12,695 | +16.0% |
| Total equity and liabilities | 10/49 | €201,407 | €150,765 | -€50,642 | -25.1% |
| Equity | 10/15 | €130,699 | €76,275 | -€54,424 | -41.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,699 | €73,275 | -€54,424 | -42.6% |
| Amounts payable | 17/49 | €70,709 | €74,491 | +€3,782 | +5.3% |
| Amounts payable within one year | 42/48 | €70,709 | €74,491 | +€3,782 | +5.3% |
| Trade debts | 44 | €42,422 | €1,235 | -€41,187 | -97.1% |
| Suppliers | 440/4 | €42,422 | €1,235 | -€41,187 | -97.1% |
| Taxes, remuneration and social security | 45 | €26,309 | €30,767 | +€4,458 | +16.9% |
| Taxes | 450/3 | €20,450 | €27,724 | +€7,274 | +35.6% |
| Remuneration and social security | 454/9 | €5,859 | €3,043 | -€2,816 | -48.1% |
| Other amounts payable | 47/48 | €1,977 | €42,488 | +€40,511 | +2048.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19 | €357 | +€339 | +1820.6% |
| Other operating charges | 640/8 | €1,560 | €4,074 | +€2,514 | +161.1% |
| Non-recurring operating charges | 66A | €20 | €147 | +€127 | +635.1% |
| Gross operating margin | 9900 | -€1,534 | €15,675 | +€17,209 | |
| Operating profit (loss) | 9901 | -€3,132 | €11,097 | +€14,230 | |
| Financial charges | 65/66B | €903 | €194 | -€709 | -78.5% |
| Recurring financial charges | 65 | €903 | €194 | -€709 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,035 | €10,904 | +€14,939 | |
| Income taxes | 67/77 | €8,010 | -€5,261 | -€13,271 | |
| Profit (loss) for the period | 9904 | -€12,046 | €16,164 | +€28,210 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,046 | €16,164 | +€28,210 |
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.