KAUFFMAN TECHNIC: 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.
KAUFFMAN TECHNIC
Largest movements
- Stocks and contracts -€123,396
down €123,396 (-16.4%), from €752,310 to €628,914
- Receivables within one year +€66,548
up €66,548 (+19.3%), from €344,527 to €411,075
of which Trade receivables: +€65,262
- Cash +€44,529
up €44,529 (+82.6%), from €53,916 to €98,445
mainly Trade debts (+€177,958) and Stocks and contracts (+€123,396)
- Tangible fixed assets -€14,484
down €14,484 (-30.9%), from €46,852 to €32,368
- Profit (loss) carried forward -€195,580
down €195,580 (-121.2%), from -€161,394 to -€356,973
- Trade debts +€177,958
up €177,958 (+21.2%), from €841,380 to €1.0m
- Staff costs +€127,383
up €127,383 (+24.6%), from €518,483 to €645,866
- Gross operating margin +€45,694
up €45,694 (+10.7%), from €425,751 to €471,444
- Other operating charges -€10,843
down €10,843 (-81.2%), from €13,355 to €2,512
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 | €1,207,696 | €1,183,416 | -€24,280 | -2.0% |
| Fixed assets | 21/28 | €46,852 | €32,368 | -€14,484 | -30.9% |
| Tangible fixed assets | 22/27 | €46,852 | €32,368 | -€14,484 | -30.9% |
| Land and buildings | 22 | €10,693 | €8,039 | -€2,654 | -24.8% |
| Plant, machinery and equipment | 23 | €12,888 | €6,608 | -€6,280 | -48.7% |
| Furniture and vehicles | 24 | €23,271 | €17,721 | -€5,550 | -23.8% |
| Current assets | 29/58 | €1,160,845 | €1,151,049 | -€9,796 | -0.8% |
| Stocks and contracts in progress | 3 | €752,310 | €628,914 | -€123,396 | -16.4% |
| Stocks | 30/36 | €752,310 | €628,914 | -€123,396 | -16.4% |
| Amounts receivable within one year | 40/41 | €344,527 | €411,075 | +€66,548 | +19.3% |
| Trade receivables | 40 | €344,527 | €409,789 | +€65,262 | +18.9% |
| Other amounts receivable | 41 | - | €1,286 | +€1,286 | |
| Cash at bank and in hand | 54/58 | €53,916 | €98,445 | +€44,529 | +82.6% |
| Deferred charges and accrued income | 490/1 | €10,092 | €12,615 | +€2,523 | +25.0% |
| Total equity and liabilities | 10/49 | €1,207,696 | €1,183,416 | -€24,280 | -2.0% |
| Equity | 10/15 | €6,806 | -€188,773 | -€195,580 | |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,394 | -€356,973 | -€195,580 | -121.2% |
| Amounts payable | 17/49 | €1,200,890 | €1,372,190 | +€171,300 | +14.3% |
| Amounts payable after more than one year | 17 | €111,114 | €103,790 | -€7,323 | -6.6% |
| Financial debts | 170/4 | €11,114 | €3,790 | -€7,323 | -65.9% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,081,772 | €1,257,273 | +€175,501 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €6,994 | €7,323 | +€330 | +4.7% |
| Financial debts | 43 | €32,467 | €29,403 | -€3,064 | -9.4% |
| Other loans | 439 | €32,467 | €29,403 | -€3,064 | -9.4% |
| Trade debts | 44 | €841,380 | €1,019,339 | +€177,958 | +21.2% |
| Suppliers | 440/4 | €841,380 | €1,019,339 | +€177,958 | +21.2% |
| Taxes, remuneration and social security | 45 | €125,309 | €117,412 | -€7,897 | -6.3% |
| Taxes | 450/3 | €34,521 | €24,042 | -€10,479 | -30.4% |
| Remuneration and social security | 454/9 | €90,788 | €93,371 | +€2,582 | +2.8% |
| Other amounts payable | 47/48 | €75,622 | €83,796 | +€8,174 | +10.8% |
| Accrued charges and deferred income | 492/3 | €8,004 | €11,126 | +€3,123 | +39.0% |
| Remuneration, social security and pensions | 62 | €518,483 | €645,866 | +€127,383 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,562 | €14,484 | +€922 | +6.8% |
| Other operating charges | 640/8 | €13,355 | €2,512 | -€10,843 | -81.2% |
| Gross operating margin | 9900 | €425,751 | €471,444 | +€45,694 | +10.7% |
| Operating profit (loss) | 9901 | -€119,650 | -€191,418 | -€71,768 | -60.0% |
| Financial income | 75/76B | €1,956 | €1,124 | -€833 | -42.6% |
| Recurring financial income | 75 | €1,956 | €1,124 | -€833 | -42.6% |
| Financial charges | 65/66B | €4,928 | €4,837 | -€91 | -1.9% |
| Recurring financial charges | 65 | €4,928 | €4,837 | -€91 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€122,621 | -€195,131 | -€72,509 | -59.1% |
| Income taxes | 67/77 | €411 | €449 | +€38 | +9.2% |
| Profit (loss) for the period | 9904 | -€123,032 | -€195,580 | -€72,547 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€123,032 | -€195,580 | -€72,547 | -59.0% |
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 6 October 2026 via checked.be.