KAYBAR: 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.
KAYBAR
Largest movements
- Cash -€154,228
down €154,228 (-44.4%), from €347,019 to €192,791
mainly Receivables within one year (-€52,834) and Trade debts (-€31,641)
- Receivables within one year +€52,834
up €52,834 (+253.7%), from €20,823 to €73,657
of which Other amounts receivable: +€57,752
- Stocks and contracts +€15,287
up €15,287 (+48.9%), from €31,267 to €46,554
- Tangible fixed assets +€4,837
up €4,837 (+158.3%), from €3,055 to €7,891
- Trade debts -€31,641
down €31,641 (-18.0%), from €176,210 to €144,569
- Debts after one year -€28,768
no longer reported in 2024 (was €28,768)
- Current portion of long-term debt -€8,081
no longer reported in 2024 (was €8,081)
- Profit (loss) carried forward -€8,056
down €8,056 (-5.4%), from €148,858 to €140,802
- Tax, wage and social debts -€4,391
down €4,391 (-49.5%), from €8,878 to €4,487
of which Taxes: -€5,750
- Gross operating margin -€60,667
down €60,667 (-34.5%), from €176,019 to €115,351
- Staff costs +€23,084
up €23,084 (+25.5%), from €90,491 to €113,575
- Taxes -€9,617
down €9,617, from €6,290 to -€3,327
- Financial charges +€4,053
up €4,053 (+69.5%), from €5,833 to €9,886
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €402,778 | €321,598 | -€81,180 | -20.2% |
| Fixed assets | 21/28 | €3,055 | €7,891 | +€4,837 | +158.3% |
| Tangible fixed assets | 22/27 | €3,055 | €7,891 | +€4,837 | +158.3% |
| Furniture and vehicles | 24 | €3,055 | €7,891 | +€4,837 | +158.3% |
| Current assets | 29/58 | €399,723 | €313,707 | -€86,017 | -21.5% |
| Stocks and contracts in progress | 3 | €31,267 | €46,554 | +€15,287 | +48.9% |
| Stocks | 30/36 | €31,267 | €46,554 | +€15,287 | +48.9% |
| Amounts receivable within one year | 40/41 | €20,823 | €73,657 | +€52,834 | +253.7% |
| Trade receivables | 40 | €4,917 | - | -€4,917 | |
| Other amounts receivable | 41 | €15,905 | €73,657 | +€57,752 | +363.1% |
| Cash at bank and in hand | 54/58 | €347,019 | €192,791 | -€154,228 | -44.4% |
| Deferred charges and accrued income | 490/1 | €615 | €705 | +€90 | +14.6% |
| Total equity and liabilities | 10/49 | €402,778 | €321,598 | -€81,180 | -20.2% |
| Equity | 10/15 | €167,458 | €159,402 | -€8,056 | -4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,858 | €140,802 | -€8,056 | -5.4% |
| Amounts payable | 17/49 | €235,320 | €162,196 | -€73,124 | -31.1% |
| Amounts payable after more than one year | 17 | €28,768 | - | -€28,768 | |
| Financial debts | 170/4 | €28,768 | - | -€28,768 | |
| Amounts payable within one year | 42/48 | €206,552 | €162,196 | -€44,356 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €8,081 | - | -€8,081 | |
| Trade debts | 44 | €176,210 | €144,569 | -€31,641 | -18.0% |
| Suppliers | 440/4 | €176,210 | €144,569 | -€31,641 | -18.0% |
| Taxes, remuneration and social security | 45 | €8,878 | €4,487 | -€4,391 | -49.5% |
| Taxes | 450/3 | €8,878 | €3,128 | -€5,750 | -64.8% |
| Remuneration and social security | 454/9 | - | €1,358 | +€1,358 | |
| Other amounts payable | 47/48 | €13,384 | €13,141 | -€243 | -1.8% |
| Remuneration, social security and pensions | 62 | €90,491 | €113,575 | +€23,084 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €540 | €1,215 | +€675 | +125.0% |
| Other operating charges | 640/8 | €1,830 | €2,058 | +€228 | +12.5% |
| Gross operating margin | 9900 | €176,019 | €115,351 | -€60,667 | -34.5% |
| Operating profit (loss) | 9901 | €83,158 | -€1,497 | -€84,655 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €5,833 | €9,886 | +€4,053 | +69.5% |
| Recurring financial charges | 65 | €5,833 | €9,886 | +€4,053 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €77,325 | -€11,383 | -€88,708 | |
| Income taxes | 67/77 | €6,290 | -€3,327 | -€9,617 | |
| Profit (loss) for the period | 9904 | €71,036 | -€8,056 | -€79,091 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,036 | -€8,056 | -€79,091 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.