KAYDEN PROJECT: 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.
KAYDEN PROJECT
Largest movements
- Receivables within one year +€20,431
up €20,431 (+122%), from €16,711 to €37,142
of which Other amounts receivable: +€20,488
- Cash -€17,309
down €17,309 (-56.9%), from €30,423 to €13,114
mainly Receivables within one year (-€20,431) and Tax, wage and social debts (-€4,772)
- Stocks and contracts +€1,585
up €1,585 (+380%), from €417 to €2,002
- Profit (loss) carried forward +€9,386
up €9,386 (+743%), from €1,264 to €10,650
- Tax, wage and social debts -€4,772
down €4,772 (-32.6%), from €14,626 to €9,854
of which Remuneration and social security: -€5,519
- Trade debts +€802
up €802 (+6.1%), from €13,098 to €13,900
- Purchases and services +€20,061
up €20,061 (+21.2%), from €94,748 to €114,809
- Turnover +€18,883
up €18,883 (+10.0%), from €189,277 to €208,160
- Staff costs -€4,996
down €4,996 (-6.1%), from €82,394 to €77,398
- Taxes +€2,126
up €2,126 (+152%), from €1,400 to €3,526
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 | €62,914 | €67,621 | +€4,707 | +7.5% |
| Fixed assets | 21/28 | €15,363 | €15,363 | = | 0.0% |
| Financial fixed assets | 28 | €15,363 | €15,363 | = | 0.0% |
| Current assets | 29/58 | €47,551 | €52,258 | +€4,707 | +9.9% |
| Stocks and contracts in progress | 3 | €417 | €2,002 | +€1,585 | +380% |
| Stocks | 30/36 | €417 | €2,002 | +€1,585 | +380% |
| Amounts receivable within one year | 40/41 | €16,711 | €37,142 | +€20,431 | +122% |
| Trade receivables | 40 | €12,954 | €12,897 | -€57 | -0.4% |
| Other amounts receivable | 41 | €3,757 | €24,245 | +€20,488 | +545% |
| Cash at bank and in hand | 54/58 | €30,423 | €13,114 | -€17,309 | -56.9% |
| Total equity and liabilities | 10/49 | €62,914 | €67,621 | +€4,707 | +7.5% |
| Equity | 10/15 | €23,264 | €32,650 | +€9,386 | +40.3% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,264 | €10,650 | +€9,386 | +743% |
| Amounts payable | 17/49 | €39,650 | €34,971 | -€4,679 | -11.8% |
| Amounts payable within one year | 42/48 | €37,650 | €33,471 | -€4,179 | -11.1% |
| Trade debts | 44 | €13,098 | €13,900 | +€802 | +6.1% |
| Suppliers | 440/4 | €13,098 | €13,900 | +€802 | +6.1% |
| Taxes, remuneration and social security | 45 | €14,626 | €9,854 | -€4,772 | -32.6% |
| Taxes | 450/3 | €3,599 | €4,346 | +€747 | +20.8% |
| Remuneration and social security | 454/9 | €11,027 | €5,508 | -€5,519 | -50.0% |
| Other amounts payable | 47/48 | €9,926 | €9,717 | -€209 | -2.1% |
| Accrued charges and deferred income | 492/3 | €2,000 | €1,500 | -€500 | -25.0% |
| Turnover | 70 | €189,277 | €208,160 | +€18,883 | +10.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €94,748 | €114,809 | +€20,061 | +21.2% |
| Remuneration, social security and pensions | 62 | €82,394 | €77,398 | -€4,996 | -6.1% |
| Other operating charges | 640/8 | - | €550 | +€550 | |
| Non-recurring operating charges | 66A | €7,000 | - | -€7,000 | |
| Gross operating margin | 9900 | €94,529 | €93,352 | -€1,177 | -1.2% |
| Operating profit (loss) | 9901 | €5,135 | €15,404 | +€10,269 | +200% |
| Financial income | 75/76B | - | €656 | +€656 | |
| Recurring financial income | 75 | - | €656 | +€656 | |
| Non-recurring financial income | 76B | - | €656 | +€656 | |
| Financial charges | 65/66B | €2,471 | €3,148 | +€677 | +27.4% |
| Recurring financial charges | 65 | €2,471 | €3,148 | +€677 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €2,664 | €12,912 | +€10,248 | +385% |
| Income taxes | 67/77 | €1,400 | €3,526 | +€2,126 | +152% |
| Profit (loss) for the period | 9904 | €1,264 | €9,386 | +€8,122 | +643% |
| Profit (loss) for the period to be appropriated | 9905 | €1,264 | €9,386 | +€8,122 | +643% |
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.