KAZAL RENOVATION: what changed
KAZAL RENOVATION
Largest movements
- Cash +€11,835
new in 2025: €11,835
mainly Tax, wage and social debts (+€17,323) and Net result for the year (+€2,673)
- Receivables within one year +€10,555
up €10,555 (+665%), from €1,587 to €12,142
of which Trade receivables: +€10,362
- Tangible fixed assets -€2,166
down €2,166 (-38.4%), from €5,645 to €3,479
- Tax, wage and social debts +€17,323
up €17,323 (+1,288%), from €1,345 to €18,668
of which Remuneration and social security: +€18,000
- Profit (loss) carried forward +€2,673
up €2,673 (+49.7%), from €5,380 to €8,053
- Gross operating margin -€1,917
down €1,917 (-24.7%), from €7,770 to €5,853
- Depreciation +€1,312
up €1,312 (+153%), from €855 to €2,166
- Taxes -€677
down €677 (-50.3%), from €1,345 to €668
- Other operating charges +€126
up €126 (+66.0%), from €190 to €316
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 | €7,233 | €27,457 | +€20,224 | +280% |
| Fixed assets | 21/28 | €5,645 | €3,479 | -€2,166 | -38.4% |
| Tangible fixed assets | 22/27 | €5,645 | €3,479 | -€2,166 | -38.4% |
| Furniture and vehicles | 24 | €5,645 | €3,479 | -€2,166 | -38.4% |
| Current assets | 29/58 | €1,587 | €23,978 | +€22,391 | +1,411% |
| Amounts receivable within one year | 40/41 | €1,587 | €12,142 | +€10,555 | +665% |
| Trade receivables | 40 | - | €10,362 | +€10,362 | |
| Other amounts receivable | 41 | €1,587 | €1,780 | +€193 | +12.1% |
| Cash at bank and in hand | 54/58 | - | €11,835 | +€11,835 | |
| Total equity and liabilities | 10/49 | €7,233 | €27,457 | +€20,224 | +280% |
| Equity | 10/15 | €5,380 | €8,053 | +€2,673 | +49.7% |
| Profit (loss) carried forward | 14 | €5,380 | €8,053 | +€2,673 | +49.7% |
| Amounts payable | 17/49 | €1,852 | €19,404 | +€17,552 | +948% |
| Amounts payable within one year | 42/48 | €1,852 | €19,404 | +€17,552 | +948% |
| Trade debts | 44 | €77 | €306 | +€229 | +297% |
| Suppliers | 440/4 | €77 | €306 | +€229 | +297% |
| Taxes, remuneration and social security | 45 | €1,345 | €18,668 | +€17,323 | +1,288% |
| Taxes | 450/3 | €1,345 | €668 | -€677 | -50.3% |
| Remuneration and social security | 454/9 | - | €18,000 | +€18,000 | |
| Other amounts payable | 47/48 | €430 | €430 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €855 | €2,166 | +€1,312 | +153% |
| Other operating charges | 640/8 | €190 | €316 | +€126 | +66.0% |
| Gross operating margin | 9900 | €7,770 | €5,853 | -€1,917 | -24.7% |
| Operating profit (loss) | 9901 | €6,725 | €3,371 | -€3,355 | -49.9% |
| Financial charges | 65/66B | - | €30 | +€30 | |
| Recurring financial charges | 65 | - | €30 | +€30 | |
| Profit (loss) for the period before taxes | 9903 | €6,725 | €3,341 | -€3,385 | -50.3% |
| Income taxes | 67/77 | €1,345 | €668 | -€677 | -50.3% |
| Profit (loss) for the period | 9904 | €5,380 | €2,673 | -€2,708 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,380 | €2,673 | -€2,708 | -50.3% |
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 5 November 2026 via checked.be.