KAYO: 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.
KAYO
Largest movements
- Cash -€957,237
down €957,237 (-97.0%), from €986,806 to €29,569
mainly Investment in fixed assets (net) (-€955,896) and Net result for the year (-€25,986)
- Tangible fixed assets +€936,778
up €936,778 (+2251.6%), from €41,605 to €978,383
of which Land and buildings: +€968,244
- Profit (loss) carried forward -€26,077
down €26,077, from €19,098 to -€6,979
- Financial income -€21,419
down €21,419 (-89.2%), from €24,022 to €2,603
- Depreciation +€19,118
new in 2025: €19,118
- Other operating charges +€3,279
new in 2025: €3,279
- Taxes -€3,047
down €3,047, from €2,956 to -€91
- Gross operating margin +€870
up €870 (+13.0%), from -€6,705 to -€5,836
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 | €1,028,411 | €1,007,952 | -€20,458 | -2.0% |
| Fixed assets | 21/28 | €41,605 | €978,383 | +€936,778 | +2251.6% |
| Tangible fixed assets | 22/27 | €41,605 | €978,383 | +€936,778 | +2251.6% |
| Land and buildings | 22 | - | €968,244 | +€968,244 | |
| Plant, machinery and equipment | 23 | - | €10,139 | +€10,139 | |
| Assets under construction and advance payments | 27 | €41,605 | - | -€41,605 | |
| Current assets | 29/58 | €986,806 | €29,569 | -€957,237 | -97.0% |
| Cash at bank and in hand | 54/58 | €986,806 | €29,569 | -€957,237 | -97.0% |
| Total equity and liabilities | 10/49 | €1,028,411 | €1,007,952 | -€20,458 | -2.0% |
| Equity | 10/15 | €1,019,098 | €993,021 | -€26,077 | -2.6% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,098 | -€6,979 | -€26,077 | |
| Amounts payable | 17/49 | €9,312 | €14,931 | +€5,619 | +60.3% |
| Amounts payable within one year | 42/48 | €9,312 | €12,276 | +€2,964 | +31.8% |
| Trade debts | 44 | €4,538 | €8,864 | +€4,327 | +95.4% |
| Suppliers | 440/4 | €4,538 | €8,864 | +€4,327 | +95.4% |
| Taxes, remuneration and social security | 45 | €4,775 | €3,412 | -€1,363 | -28.5% |
| Taxes | 450/3 | €4,775 | €3,412 | -€1,363 | -28.5% |
| Accrued charges and deferred income | 492/3 | - | €2,655 | +€2,655 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €19,118 | +€19,118 | |
| Other operating charges | 640/8 | - | €3,279 | +€3,279 | |
| Gross operating margin | 9900 | -€6,705 | -€5,836 | +€870 | +13.0% |
| Operating profit (loss) | 9901 | -€6,705 | -€28,232 | -€21,527 | -321.0% |
| Financial income | 75/76B | €24,022 | €2,603 | -€21,419 | -89.2% |
| Recurring financial income | 75 | €24,022 | €2,603 | -€21,419 | -89.2% |
| Financial charges | 65/66B | €258 | €448 | +€190 | +73.5% |
| Recurring financial charges | 65 | €258 | €448 | +€190 | +73.5% |
| Profit (loss) for the period before taxes | 9903 | €17,059 | -€26,077 | -€43,136 | |
| Income taxes | 67/77 | €2,956 | -€91 | -€3,047 | |
| Profit (loss) for the period | 9904 | €14,103 | -€25,986 | -€40,089 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,103 | -€25,986 | -€40,089 |
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 5 October 2026 via checked.be.