KAYIBA: 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.
KAYIBA
Largest movements
- Receivables within one year +€29,704
up €29,704 (+32.7%), from €90,880 to €120,584
of which Other amounts receivable: +€30,087
- Cash +€7,429
up €7,429 (+57.2%), from €12,978 to €20,407
- Stocks and contracts -€5,585
down €5,585 (-62.6%), from €8,917 to €3,332
- Tangible fixed assets -€4,077
no longer reported in 2025 (was €4,077)
of which Plant, machinery and equipment: -€2,189
- Reserves +€63,000
up €63,000 (+1,075%), from €5,860 to €68,860
of which Distributable reserves: +€63,000
- Trade debts -€24,280
down €24,280 (-36.1%), from €67,251 to €42,971
- Short-term financial debts -€10,768
down €10,768 (-68.3%), from €15,768 to €5,000
- Tax, wage and social debts +€9,824
up €9,824 (+440%), from €2,234 to €12,058
of which Taxes: +€7,165
- Current portion of long-term debt -€8,562
no longer reported in 2025 (was €8,562)
- Gross operating margin +€34,235
up €34,235 (+82.5%), from €41,521 to €75,756
- Staff costs +€26,582
up €26,582 (+92.5%), from €28,751 to €55,333
- Other operating charges -€2,473
down €2,473 (-71.8%), from €3,443 to €970
- Depreciation -€906
down €906 (-39.7%), from €2,283 to €1,377
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,731 | €147,621 | +€26,890 | +22.3% |
| Fixed assets | 21/28 | €7,280 | €3,203 | -€4,077 | -56.0% |
| Tangible fixed assets | 22/27 | €4,077 | - | -€4,077 | |
| Plant, machinery and equipment | 23 | €2,189 | - | -€2,189 | |
| Other tangible fixed assets | 26 | €1,888 | - | -€1,888 | |
| Financial fixed assets | 28 | €3,203 | €3,203 | = | 0.0% |
| Current assets | 29/58 | €113,451 | €144,418 | +€30,967 | +27.3% |
| Stocks and contracts in progress | 3 | €8,917 | €3,332 | -€5,585 | -62.6% |
| Stocks | 30/36 | €8,917 | €3,332 | -€5,585 | -62.6% |
| Amounts receivable within one year | 40/41 | €90,880 | €120,584 | +€29,704 | +32.7% |
| Trade receivables | 40 | €383 | - | -€383 | |
| Other amounts receivable | 41 | €90,497 | €120,584 | +€30,087 | +33.2% |
| Cash at bank and in hand | 54/58 | €12,978 | €20,407 | +€7,429 | +57.2% |
| Deferred charges and accrued income | 490/1 | €676 | €95 | -€581 | -85.9% |
| Total equity and liabilities | 10/49 | €120,731 | €147,621 | +€26,890 | +22.3% |
| Equity | 10/15 | €24,704 | €87,592 | +€62,888 | +255% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,860 | €68,860 | +€63,000 | +1,075% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €67,000 | +€63,000 | +1,575% |
| Profit (loss) carried forward | 14 | €244 | €132 | -€112 | -45.9% |
| Amounts payable | 17/49 | €96,027 | €60,029 | -€35,998 | -37.5% |
| Amounts payable within one year | 42/48 | €96,027 | €60,029 | -€35,998 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €8,562 | - | -€8,562 | |
| Financial debts | 43 | €15,768 | €5,000 | -€10,768 | -68.3% |
| Credit institutions | 430/8 | €15,768 | €5,000 | -€10,768 | -68.3% |
| Trade debts | 44 | €67,251 | €42,971 | -€24,280 | -36.1% |
| Suppliers | 440/4 | €67,251 | €42,971 | -€24,280 | -36.1% |
| Taxes, remuneration and social security | 45 | €2,234 | €12,058 | +€9,824 | +440% |
| Taxes | 450/3 | - | €7,165 | +€7,165 | |
| Remuneration and social security | 454/9 | €2,234 | €4,893 | +€2,659 | +119% |
| Other amounts payable | 47/48 | €2,212 | - | -€2,212 | |
| Remuneration, social security and pensions | 62 | €28,751 | €55,333 | +€26,582 | +92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,283 | €1,377 | -€906 | -39.7% |
| Other operating charges | 640/8 | €3,443 | €970 | -€2,473 | -71.8% |
| Gross operating margin | 9900 | €41,521 | €75,756 | +€34,235 | +82.5% |
| Operating profit (loss) | 9901 | €7,044 | €18,076 | +€11,032 | +157% |
| Financial income | 75/76B | - | €106 | +€106 | |
| Recurring financial income | 75 | - | €106 | +€106 | |
| Financial charges | 65/66B | €2,805 | €2,382 | -€423 | -15.1% |
| Recurring financial charges | 65 | €2,805 | €2,382 | -€423 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €4,239 | €15,800 | +€11,561 | +273% |
| Profit (loss) for the period | 9904 | €4,239 | €15,800 | +€11,561 | +273% |
| Profit (loss) for the period to be appropriated | 9905 | €4,239 | €15,800 | +€11,561 | +273% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.