KAYEN: what changed
Two fiscal 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.
KAYEN
Largest movements
- Financial fixed assets +€1.6m
up €1.6m (+49.4%), from €3.2m to €4.8m
- Cash -€124,526
down €124,526 (-70.6%), from €176,355 to €51,829
mainly Investment in fixed assets (net) (-€1.6m) and Short-term financial debts (-€630,000)
- Profit (loss) carried forward +€1.1m
up €1.1m (+46.0%), from €2.4m to €3.5m
- Other debts +€1.0m
up €1.0m (+403.7%), from €251,625 to €1.3m
- Short-term financial debts -€630,000
no longer reported in 2025 (was €630,000)
- Tax, wage and social debts -€48,375
no longer reported in 2025 (was €48,375)
- Financial income +€3.7m
up €3.7m (+303.2%), from €1.2m to €4.9m
of which Non-recurring financial income: +€2.7m
- Gross operating margin -€33
down €33 (-3.2%), from -€1,031 to -€1,064
- Financial charges +€16
up €16 (+17.1%), from €95 to €111
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.
Cash bridge derived
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 | €3,358,291 | €4,804,111 | +€1.4m | +43.1% |
| Fixed assets | 21/28 | €3,181,936 | €4,752,282 | +€1.6m | +49.4% |
| Financial fixed assets | 28 | €3,181,936 | €4,752,282 | +€1.6m | +49.4% |
| Current assets | 29/58 | €176,355 | €51,829 | -€124,526 | -70.6% |
| Cash at bank and in hand | 54/58 | €176,355 | €51,829 | -€124,526 | -70.6% |
| Total equity and liabilities | 10/49 | €3,358,291 | €4,804,111 | +€1.4m | +43.1% |
| Equity | 10/15 | €2,428,291 | €3,536,761 | +€1.1m | +45.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,408,291 | €3,516,761 | +€1.1m | +46.0% |
| Amounts payable | 17/49 | €930,000 | €1,267,350 | +€337,350 | +36.3% |
| Amounts payable within one year | 42/48 | €930,000 | €1,267,350 | +€337,350 | +36.3% |
| Financial debts | 43 | €630,000 | - | -€630,000 | |
| Other loans | 439 | €630,000 | - | -€630,000 | |
| Taxes, remuneration and social security | 45 | €48,375 | - | -€48,375 | |
| Taxes | 450/3 | €48,375 | - | -€48,375 | |
| Other amounts payable | 47/48 | €251,625 | €1,267,350 | +€1.0m | +403.7% |
| Non-recurring operating charges | 66A | - | €3,175,568 | +€3.2m | |
| Gross operating margin | 9900 | -€1,031 | -€1,064 | -€33 | -3.2% |
| Operating profit (loss) | 9901 | -€1,031 | -€3,176,632 | -€3.2m | -308011.8% |
| Financial income | 75/76B | €1,211,600 | €4,885,214 | +€3.7m | +303.2% |
| Recurring financial income | 75 | €1,211,600 | €2,148,300 | +€936,700 | +77.3% |
| Non-recurring financial income | 76B | - | €2,736,914 | +€2.7m | |
| Financial charges | 65/66B | €95 | €111 | +€16 | +17.1% |
| Recurring financial charges | 65 | €95 | €111 | +€16 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €1,210,474 | €1,708,471 | +€497,997 | +41.1% |
| Profit (loss) for the period | 9904 | €1,210,474 | €1,708,471 | +€497,997 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,210,474 | €1,708,471 | +€497,997 | +41.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.