KAYA: 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.
KAYA
Largest movements
- Stocks and contracts +€39,010
up €39,010 (+64.1%), from €60,846 to €99,856
- Cash -€33,979
down €33,979 (-37.2%), from €91,322 to €57,343
mainly Stocks and contracts (-€39,010) and Investment in fixed assets (net) (-€24,421)
- Tangible fixed assets +€16,897
up €16,897 (+130%), from €12,974 to €29,871
of which Furniture and vehicles: +€22,614
- Receivables within one year -€4,983
down €4,983 (-18.5%), from €27,002 to €22,018
of which Trade receivables: -€6,969
- Current portion of long-term debt +€10,610
up €10,610 (+185%), from €5,746 to €16,357
- Trade debts -€9,677
down €9,677 (-31.0%), from €31,180 to €21,503
- Profit (loss) carried forward +€7,706
up €7,706 (+6.5%), from €119,130 to €126,835
- Debts after one year +€7,349
new in 2025: €7,349
- Purchases and services -€1.0m
no longer reported in 2025 (was €1.0m)
- Gross operating margin -€30,240
down €30,240 (-20.9%), from €144,527 to €114,288
- Staff costs -€29,819
down €29,819 (-24.8%), from €120,272 to €90,453
- Taxes +€7,007
new in 2025: €7,007
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 | €193,795 | €211,033 | +€17,239 | +8.9% |
| Fixed assets | 21/28 | €12,974 | €29,871 | +€16,897 | +130% |
| Tangible fixed assets | 22/27 | €12,974 | €29,871 | +€16,897 | +130% |
| Plant, machinery and equipment | 23 | €12,974 | €7,257 | -€5,717 | -44.1% |
| Furniture and vehicles | 24 | - | €22,614 | +€22,614 | |
| Current assets | 29/58 | €180,821 | €181,162 | +€341 | +0.2% |
| Stocks and contracts in progress | 3 | €60,846 | €99,856 | +€39,010 | +64.1% |
| Stocks | 30/36 | €60,846 | €99,856 | +€39,010 | +64.1% |
| Amounts receivable within one year | 40/41 | €27,002 | €22,018 | -€4,983 | -18.5% |
| Trade receivables | 40 | €25,941 | €18,972 | -€6,969 | -26.9% |
| Other amounts receivable | 41 | €1,061 | €3,046 | +€1,986 | +187% |
| Cash at bank and in hand | 54/58 | €91,322 | €57,343 | -€33,979 | -37.2% |
| Deferred charges and accrued income | 490/1 | €1,650 | €1,944 | +€294 | +17.8% |
| Total equity and liabilities | 10/49 | €193,795 | €211,033 | +€17,239 | +8.9% |
| Equity | 10/15 | €148,597 | €156,303 | +€7,706 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,868 | €10,868 | = | 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% |
| Distributable reserves | 133 | €9,008 | €9,008 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,130 | €126,835 | +€7,706 | +6.5% |
| Amounts payable | 17/49 | €45,197 | €54,731 | +€9,533 | +21.1% |
| Amounts payable after more than one year | 17 | - | €7,349 | +€7,349 | |
| Financial debts | 170/4 | - | €7,349 | +€7,349 | |
| Amounts payable within one year | 42/48 | €45,197 | €47,381 | +€2,184 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €5,746 | €16,357 | +€10,610 | +185% |
| Trade debts | 44 | €31,180 | €21,503 | -€9,677 | -31.0% |
| Suppliers | 440/4 | €31,180 | €21,503 | -€9,677 | -31.0% |
| Taxes, remuneration and social security | 45 | €8,271 | €9,522 | +€1,250 | +15.1% |
| Taxes | 450/3 | €948 | €3,849 | +€2,901 | +306% |
| Remuneration and social security | 454/9 | €7,324 | €5,673 | -€1,651 | -22.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,040,497 | - | -€1.0m | |
| Remuneration, social security and pensions | 62 | €120,272 | €90,453 | -€29,819 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,739 | €7,523 | +€785 | +11.6% |
| Other operating charges | 640/8 | €423 | €1,165 | +€742 | +176% |
| Gross operating margin | 9900 | €144,527 | €114,288 | -€30,240 | -20.9% |
| Operating profit (loss) | 9901 | €17,093 | €15,146 | -€1,947 | -11.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +64.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +64.7% |
| Financial charges | 65/66B | €186 | €434 | +€248 | +133% |
| Recurring financial charges | 65 | €186 | €434 | +€248 | +133% |
| Profit (loss) for the period before taxes | 9903 | €16,907 | €14,712 | -€2,195 | -13.0% |
| Income taxes | 67/77 | - | €7,007 | +€7,007 | |
| Profit (loss) for the period | 9904 | €16,907 | €7,706 | -€9,202 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,907 | €7,706 | -€9,202 | -54.4% |
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 21 October 2026 via checked.be.