Kaya Finance: 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 Finance
Largest movements
- Cash +€194,642
up €194,642 (+316%), from €61,639 to €256,281
mainly Net result for the year (+€172,417) and Tax, wage and social debts (+€32,525)
- Tangible fixed assets -€8,804
down €8,804 (-74.4%), from €11,833 to €3,030
of which Furniture and vehicles: -€8,662
- Deferred charges and accrued income +€8,187
up €8,187 (+394%), from €2,077 to €10,264
- Receivables within one year +€3,646
up €3,646 (+28.0%), from €13,001 to €16,647
of which Trade receivables: +€3,736
- Reserves +€172,417
up €172,417 (+271%), from €63,642 to €236,059
- Tax, wage and social debts +€32,525
up €32,525 (+192%), from €16,969 to €49,494
of which Taxes: +€30,025
- Other debts -€4,907
down €4,907 (-87.6%), from €5,603 to €696
- Accrued charges and deferred income -€4,234
no longer reported in 2026 (was €4,234)
- Gross operating margin +€158,247
up €158,247 (+219%), from €72,356 to €230,603
- Taxes +€37,982
up €37,982 (+268%), from €14,155 to €52,137
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,150 | €289,896 | +€197,746 | +215% |
| Fixed assets | 21/28 | €15,433 | €6,705 | -€8,729 | -56.6% |
| Tangible fixed assets | 22/27 | €11,833 | €3,030 | -€8,804 | -74.4% |
| Furniture and vehicles | 24 | €10,685 | €2,022 | -€8,662 | -81.1% |
| Other tangible fixed assets | 26 | €1,148 | €1,007 | -€141 | -12.3% |
| Financial fixed assets | 28 | €3,600 | €3,675 | +€75 | +2.1% |
| Current assets | 29/58 | €76,717 | €283,192 | +€206,475 | +269% |
| Amounts receivable within one year | 40/41 | €13,001 | €16,647 | +€3,646 | +28.0% |
| Trade receivables | 40 | €12,824 | €16,560 | +€3,736 | +29.1% |
| Other amounts receivable | 41 | €177 | €87 | -€91 | -51.1% |
| Cash at bank and in hand | 54/58 | €61,639 | €256,281 | +€194,642 | +316% |
| Deferred charges and accrued income | 490/1 | €2,077 | €10,264 | +€8,187 | +394% |
| Total equity and liabilities | 10/49 | €92,150 | €289,896 | +€197,746 | +215% |
| Equity | 10/15 | €64,642 | €237,059 | +€172,417 | +267% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €63,642 | €236,059 | +€172,417 | +271% |
| Distributable reserves | 133 | €63,642 | €236,059 | +€172,417 | +271% |
| Amounts payable | 17/49 | €27,508 | €52,837 | +€25,329 | +92.1% |
| Amounts payable within one year | 42/48 | €23,274 | €52,837 | +€29,564 | +127% |
| Financial debts | 43 | - | €1,104 | +€1,104 | |
| Credit institutions | 430/8 | - | €1,104 | +€1,104 | |
| Trade debts | 44 | €702 | €1,543 | +€841 | +120% |
| Suppliers | 440/4 | €702 | €1,543 | +€841 | +120% |
| Taxes, remuneration and social security | 45 | €16,969 | €49,494 | +€32,525 | +192% |
| Taxes | 450/3 | €16,969 | €46,994 | +€30,025 | +177% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €5,603 | €696 | -€4,907 | -87.6% |
| Accrued charges and deferred income | 492/3 | €4,234 | - | -€4,234 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,745 | €804 | -€1,941 | -70.7% |
| Other operating charges | 640/8 | €831 | €1,354 | +€523 | +63.0% |
| Non-recurring operating charges | 66A | - | €3,000 | +€3,000 | |
| Gross operating margin | 9900 | €72,356 | €230,603 | +€158,247 | +219% |
| Operating profit (loss) | 9901 | €68,780 | €225,446 | +€156,665 | +228% |
| Financial income | 75/76B | €0 | €0 | +€0 | +500% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +500% |
| Financial charges | 65/66B | €539 | €892 | +€353 | +65.5% |
| Recurring financial charges | 65 | €539 | €892 | +€353 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | €68,242 | €224,554 | +€156,312 | +229% |
| Income taxes | 67/77 | €14,155 | €52,137 | +€37,982 | +268% |
| Profit (loss) for the period | 9904 | €54,087 | €172,417 | +€118,330 | +219% |
| Profit (loss) for the period to be appropriated | 9905 | €54,087 | €172,417 | +€118,330 | +219% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.