KAYA GROUP: 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 GROUP
Largest movements
- Financial fixed assets -€1.5m
down €1.5m (-50.0%), from €3.1m to €1.5m
- Current investments +€1.4m
up €1.4m (+42.2%), from €3.2m to €4.5m
- Deferred charges and accrued income +€611,035
up €611,035 (+57,831%), from €1,057 to €612,091
- Reserves +€564,806
up €564,806 (+15.9%), from €3.5m to €4.1m
of which Distributable reserves: +€564,806
- Financial income +€1.3m
up €1.3m (+258%), from €491,657 to €1.8m
- Financial charges +€1.2m
up €1.2m (+638,224%), from €184 to €1.2m
of which Non-recurring financial charges: +€1.2m
- Taxes -€10,791
down €10,791 (-16.0%), from €67,272 to €56,481
- Gross operating margin +€601
up €601 (+29.0%), from -€2,073 to -€1,472
- Other operating charges -€157
down €157 (-65.4%), from €240 to €83
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 | €6,779,402 | €7,245,666 | +€466,264 | +6.9% |
| Fixed assets | 21/28 | €3,141,063 | €1,598,563 | -€1.5m | -49.1% |
| Tangible fixed assets | 22/27 | €56,063 | €56,063 | = | 0.0% |
| Land and buildings | 22 | €56,063 | €56,063 | = | 0.0% |
| Financial fixed assets | 28 | €3,085,000 | €1,542,500 | -€1.5m | -50.0% |
| Current assets | 29/58 | €3,638,339 | €5,647,103 | +€2.0m | +55.2% |
| Amounts receivable within one year | 40/41 | €408,048 | €427,019 | +€18,971 | +4.6% |
| Other amounts receivable | 41 | €408,048 | €427,019 | +€18,971 | +4.6% |
| Current investments | 50/53 | €3,197,957 | €4,548,145 | +€1.4m | +42.2% |
| Cash at bank and in hand | 54/58 | €31,277 | €59,847 | +€28,570 | +91.3% |
| Deferred charges and accrued income | 490/1 | €1,057 | €612,091 | +€611,035 | +57,831% |
| Total equity and liabilities | 10/49 | €6,779,402 | €7,245,666 | +€466,264 | +6.9% |
| Equity | 10/15 | €6,648,311 | €7,179,374 | +€531,063 | +8.0% |
| Contributions | 10/11 | €688,000 | €688,000 | = | 0.0% |
| Capital | 10 | €688,000 | €688,000 | = | 0.0% |
| Issued capital | 100 | €688,000 | €688,000 | = | 0.0% |
| Reserves | 13 | €3,545,664 | €4,110,469 | +€564,806 | +15.9% |
| Non-distributable reserves | 130/1 | €126,979 | €126,979 | = | 0.0% |
| Legal reserve | 130 | €126,979 | €126,979 | = | 0.0% |
| Distributable reserves | 133 | €3,418,685 | €3,983,490 | +€564,806 | +16.5% |
| Profit (loss) carried forward | 14 | €2,414,648 | €2,380,905 | -€33,743 | -1.4% |
| Amounts payable | 17/49 | €131,091 | €66,292 | -€64,799 | -49.4% |
| Amounts payable within one year | 42/48 | €131,091 | €66,292 | -€64,799 | -49.4% |
| Trade debts | 44 | €1,573 | - | -€1,573 | |
| Suppliers | 440/4 | €1,573 | - | -€1,573 | |
| Taxes, remuneration and social security | 45 | €129,518 | €66,292 | -€63,226 | -48.8% |
| Taxes | 450/3 | €129,518 | €66,292 | -€63,226 | -48.8% |
| Other operating charges | 640/8 | €240 | €83 | -€157 | -65.4% |
| Gross operating margin | 9900 | -€2,073 | -€1,472 | +€601 | +29.0% |
| Operating profit (loss) | 9901 | -€2,312 | -€1,554 | +€758 | +32.8% |
| Financial income | 75/76B | €491,657 | €1,762,401 | +€1.3m | +258% |
| Recurring financial income | 75 | €491,657 | €1,762,401 | +€1.3m | +258% |
| Financial charges | 65/66B | €184 | €1,173,303 | +€1.2m | +638,224% |
| Recurring financial charges | 65 | €184 | €303 | +€120 | +65.1% |
| Non-recurring financial charges | 66B | - | €1,173,000 | +€1.2m | |
| Profit (loss) for the period before taxes | 9903 | €489,161 | €587,543 | +€98,383 | +20.1% |
| Income taxes | 67/77 | €67,272 | €56,481 | -€10,791 | -16.0% |
| Profit (loss) for the period | 9904 | €421,889 | €531,063 | +€109,174 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €421,889 | €531,063 | +€109,174 | +25.9% |
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 18 October 2026 via checked.be.