KAWAYAMA J2: 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.
KAWAYAMA J2
Largest movements
- Cash -€93,414
down €93,414 (-20.2%), from €463,575 to €370,161
mainly Net result for the year (-€116,325) and Investment in fixed assets (net) (-€6,177)
- Tangible fixed assets -€22,096
down €22,096 (-18.8%), from €117,819 to €95,723
of which Furniture and vehicles: -€17,430
- Profit (loss) carried forward -€116,325
down €116,325 (-23.2%), from €501,716 to €385,391
- Gross operating margin -€323,079
down €323,079, from €233,949 to -€89,130
- Taxes -€46,902
down €46,902 (-99.3%), from €47,213 to €311
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 | €608,008 | €498,025 | -€109,983 | -18.1% |
| Fixed assets | 21/28 | €117,819 | €96,723 | -€21,096 | -17.9% |
| Tangible fixed assets | 22/27 | €117,819 | €95,723 | -€22,096 | -18.8% |
| Plant, machinery and equipment | 23 | €27,291 | €22,625 | -€4,666 | -17.1% |
| Furniture and vehicles | 24 | €90,528 | €73,098 | -€17,430 | -19.3% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €490,189 | €401,302 | -€88,887 | -18.1% |
| Amounts receivable within one year | 40/41 | €23,146 | €27,629 | +€4,483 | +19.4% |
| Trade receivables | 40 | - | €5,074 | +€5,074 | |
| Other amounts receivable | 41 | €23,146 | €22,555 | -€590 | -2.6% |
| Cash at bank and in hand | 54/58 | €463,575 | €370,161 | -€93,414 | -20.2% |
| Deferred charges and accrued income | 490/1 | €3,468 | €3,512 | +€44 | +1.3% |
| Total equity and liabilities | 10/49 | €608,008 | €498,025 | -€109,983 | -18.1% |
| Equity | 10/15 | €602,166 | €485,841 | -€116,325 | -19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,849 | €81,849 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €79,989 | €79,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | €501,716 | €385,391 | -€116,325 | -23.2% |
| Amounts payable | 17/49 | €5,842 | €12,184 | +€6,342 | +109% |
| Amounts payable within one year | 42/48 | €5,842 | €12,184 | +€6,342 | +109% |
| Trade debts | 44 | €5,842 | €7,761 | +€1,918 | +32.8% |
| Suppliers | 440/4 | €5,842 | €7,761 | +€1,918 | +32.8% |
| Taxes, remuneration and social security | 45 | - | €4,423 | +€4,423 | |
| Taxes | 450/3 | - | €4,423 | +€4,423 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,326 | €27,273 | +€1,947 | +7.7% |
| Other operating charges | 640/8 | €1,159 | €662 | -€497 | -42.9% |
| Gross operating margin | 9900 | €233,949 | -€89,130 | -€323,079 | |
| Operating profit (loss) | 9901 | €207,464 | -€117,065 | -€324,528 | |
| Financial income | 75/76B | €3,227 | €1,177 | -€2,050 | -63.5% |
| Recurring financial income | 75 | €3,227 | €1,177 | -€2,050 | -63.5% |
| Financial charges | 65/66B | €284 | €126 | -€158 | -55.5% |
| Recurring financial charges | 65 | €284 | €126 | -€158 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €210,407 | -€116,014 | -€326,421 | |
| Income taxes | 67/77 | €47,213 | €311 | -€46,902 | -99.3% |
| Profit (loss) for the period | 9904 | €163,194 | -€116,325 | -€279,519 | |
| Transfer to tax-exempt reserves | 689 | €55,740 | - | -€55,740 | |
| Profit (loss) for the period to be appropriated | 9905 | €107,454 | -€116,325 | -€223,779 |
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 23 October 2026 via checked.be.