KAZAN GROUP: 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.
KAZAN GROUP
Largest movements
- Receivables within one year -€18,741
down €18,741 (-69.6%), from €26,942 to €8,201
of which Other amounts receivable: -€25,560
- Stocks and contracts +€9,936
up €9,936 (+13.5%), from €73,747 to €83,683
- Cash +€4,487
up €4,487 (+95.6%), from €4,694 to €9,181
mainly Other debts (+€89,798) and Receivables within one year (+€18,741)
- Other debts +€89,798
new in 2025: €89,798
- Profit (loss) carried forward -€79,479
down €79,479, from €65,916 to -€13,563
- Trade debts -€12,039
down €12,039 (-47.4%), from €25,420 to €13,381
- Tax, wage and social debts -€2,047
down €2,047 (-13.4%), from €15,302 to €13,255
of which Taxes: -€1,967
- Gross operating margin -€84,676
down €84,676 (-85.4%), from €99,132 to €14,456
- Taxes -€2,000
no longer reported in 2025 (was €2,000)
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.
Derived cash bridge
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 | €138,015 | €133,697 | -€4,318 | -3.1% |
| Fixed assets | 21/28 | €32,632 | €32,632 | = | 0.0% |
| Tangible fixed assets | 22/27 | €32,632 | €32,632 | = | 0.0% |
| Plant, machinery and equipment | 23 | €661 | €661 | = | 0.0% |
| Furniture and vehicles | 24 | €214 | €214 | = | 0.0% |
| Other tangible fixed assets | 26 | €31,757 | €31,757 | = | 0.0% |
| Current assets | 29/58 | €105,383 | €101,065 | -€4,318 | -4.1% |
| Stocks and contracts in progress | 3 | €73,747 | €83,683 | +€9,936 | +13.5% |
| Stocks | 30/36 | €73,747 | €83,683 | +€9,936 | +13.5% |
| Amounts receivable within one year | 40/41 | €26,942 | €8,201 | -€18,741 | -69.6% |
| Trade receivables | 40 | €1,382 | €8,201 | +€6,819 | +493% |
| Other amounts receivable | 41 | €25,560 | - | -€25,560 | |
| Cash at bank and in hand | 54/58 | €4,694 | €9,181 | +€4,487 | +95.6% |
| Total equity and liabilities | 10/49 | €138,015 | €133,697 | -€4,318 | -3.1% |
| Equity | 10/15 | €86,816 | €7,337 | -€79,479 | -91.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,916 | -€13,563 | -€79,479 | |
| Amounts payable | 17/49 | €51,199 | €126,360 | +€75,161 | +147% |
| Amounts payable within one year | 42/48 | €51,199 | €126,360 | +€75,161 | +147% |
| Current portion of amounts payable after more than one year | 42 | €586 | - | -€586 | |
| Financial debts | 43 | €9,891 | €9,926 | +€35 | +0.4% |
| Credit institutions | 430/8 | €9,891 | €9,926 | +€35 | +0.4% |
| Trade debts | 44 | €25,420 | €13,381 | -€12,039 | -47.4% |
| Suppliers | 440/4 | €25,420 | €13,381 | -€12,039 | -47.4% |
| Taxes, remuneration and social security | 45 | €15,302 | €13,255 | -€2,047 | -13.4% |
| Taxes | 450/3 | €12,864 | €10,897 | -€1,967 | -15.3% |
| Remuneration and social security | 454/9 | €2,438 | €2,358 | -€80 | -3.3% |
| Other amounts payable | 47/48 | - | €89,798 | +€89,798 | |
| Remuneration, social security and pensions | 62 | €91,400 | €90,823 | -€577 | -0.6% |
| Other operating charges | 640/8 | €536 | €548 | +€12 | +2.2% |
| Gross operating margin | 9900 | €99,132 | €14,456 | -€84,676 | -85.4% |
| Operating profit (loss) | 9901 | €7,196 | -€76,915 | -€84,111 | |
| Financial charges | 65/66B | €2,371 | €2,564 | +€193 | +8.1% |
| Recurring financial charges | 65 | €2,371 | €2,564 | +€193 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €4,825 | -€79,479 | -€84,304 | |
| Income taxes | 67/77 | €2,000 | - | -€2,000 | |
| Profit (loss) for the period | 9904 | €2,825 | -€79,479 | -€82,304 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,825 | -€79,479 | -€82,304 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.