KAZAJ: what changed
KAZAJ
Largest movements
- Receivables within one year +€66,504
up €66,504 (+715%), from €9,299 to €75,803
of which Other amounts receivable: +€48,088
- Tangible fixed assets -€20,949
down €20,949 (-67.9%), from €30,875 to €9,926
of which Furniture and vehicles: -€21,025
- Cash -€20,425
down €20,425 (-24.7%), from €82,731 to €62,305
mainly Receivables within one year (-€66,504) and Deferred charges and accrued income (-€4,890)
- Financial fixed assets -€8,850
down €8,850 (-98.3%), from €9,000 to €150
- Deferred charges and accrued income +€4,890
up €4,890 (+332%), from €1,474 to €6,363
- Other debts +€22,066
up €22,066 (+806%), from €2,736 to €24,802
- Profit (loss) carried forward +€4,979
up €4,979 (+5.4%), from €92,297 to €97,276
- Tax, wage and social debts -€4,874
down €4,874 (-19.4%), from €25,114 to €20,240
of which Taxes: -€6,693
- Staff costs +€29,827
up €29,827 (+130%), from €23,009 to €52,836
- Taxes -€4,576
down €4,576 (-47.8%), from €9,576 to €5,000
- Other operating charges +€4,535
up €4,535 (+54.0%), from €8,391 to €12,926
- Financial charges +€2,346
up €2,346 (+1,249%), from €188 to €2,534
- Depreciation -€1,692
down €1,692 (-7.2%), from €23,525 to €21,833
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,378 | €154,548 | +€21,169 | +15.9% |
| Fixed assets | 21/28 | €39,875 | €10,076 | -€29,799 | -74.7% |
| Tangible fixed assets | 22/27 | €30,875 | €9,926 | -€20,949 | -67.9% |
| Plant, machinery and equipment | 23 | €592 | €668 | +€76 | +12.8% |
| Furniture and vehicles | 24 | €30,284 | €9,259 | -€21,025 | -69.4% |
| Financial fixed assets | 28 | €9,000 | €150 | -€8,850 | -98.3% |
| Current assets | 29/58 | €93,503 | €144,471 | +€50,968 | +54.5% |
| Amounts receivable within one year | 40/41 | €9,299 | €75,803 | +€66,504 | +715% |
| Trade receivables | 40 | - | €18,417 | +€18,417 | |
| Other amounts receivable | 41 | €9,299 | €57,386 | +€48,088 | +517% |
| Cash at bank and in hand | 54/58 | €82,731 | €62,305 | -€20,425 | -24.7% |
| Deferred charges and accrued income | 490/1 | €1,474 | €6,363 | +€4,890 | +332% |
| Total equity and liabilities | 10/49 | €133,378 | €154,548 | +€21,169 | +15.9% |
| Equity | 10/15 | €97,297 | €102,276 | +€4,979 | +5.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,297 | €97,276 | +€4,979 | +5.4% |
| Amounts payable | 17/49 | €36,082 | €52,272 | +€16,190 | +44.9% |
| Amounts payable within one year | 42/48 | €36,082 | €52,272 | +€16,190 | +44.9% |
| Trade debts | 44 | €8,231 | €7,230 | -€1,002 | -12.2% |
| Suppliers | 440/4 | €8,231 | €7,230 | -€1,002 | -12.2% |
| Taxes, remuneration and social security | 45 | €25,114 | €20,240 | -€4,874 | -19.4% |
| Taxes | 450/3 | €17,918 | €11,225 | -€6,693 | -37.4% |
| Remuneration and social security | 454/9 | €7,196 | €9,015 | +€1,819 | +25.3% |
| Other amounts payable | 47/48 | €2,736 | €24,802 | +€22,066 | +806% |
| Remuneration, social security and pensions | 62 | €23,009 | €52,836 | +€29,827 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,525 | €21,833 | -€1,692 | -7.2% |
| Other operating charges | 640/8 | €8,391 | €12,926 | +€4,535 | +54.0% |
| Gross operating margin | 9900 | €100,762 | €99,773 | -€988 | -1.0% |
| Operating profit (loss) | 9901 | €45,836 | €12,178 | -€33,658 | -73.4% |
| Financial income | 75/76B | €4 | €335 | +€331 | +8,185% |
| Recurring financial income | 75 | €4 | €335 | +€331 | +8,185% |
| Financial charges | 65/66B | €188 | €2,534 | +€2,346 | +1,249% |
| Recurring financial charges | 65 | €188 | €2,534 | +€2,346 | +1,249% |
| Profit (loss) for the period before taxes | 9903 | €45,653 | €9,979 | -€35,673 | -78.1% |
| Income taxes | 67/77 | €9,576 | €5,000 | -€4,576 | -47.8% |
| Profit (loss) for the period | 9904 | €36,077 | €4,979 | -€31,098 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,077 | €4,979 | -€31,098 | -86.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.