KAZBO: 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.
KAZBO
Largest movements
- Tangible fixed assets +€29,530
new in 2025: €29,530
- Receivables within one year +€18,053
up €18,053 (+447,953%), from €4 to €18,057
of which Trade receivables: +€18,053
- Cash -€2,754
down €2,754 (-98.3%), from €2,803 to €49
- Other debts +€43,641
up €43,641 (+29,100%), from €150 to €43,791
- Trade debts +€10,796
new in 2025: €10,796
- Profit (loss) carried forward -€9,610
down €9,610 (-51.3%), from -€18,742 to -€28,353
- Gross operating margin -€3,956
down €3,956 (-351%), from -€1,128 to -€5,084
- Depreciation +€3,300
new in 2025: €3,300
- Write-downs -€3,153
no longer reported in 2025 (was €3,153)
- Financial charges +€599
new in 2025: €599
- Other operating charges +€396
new in 2025: €396
From the 2023 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 | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,808 | €47,635 | +€44,828 | +1,597% |
| Fixed assets | 21/28 | - | €29,530 | +€29,530 | |
| Tangible fixed assets | 22/27 | - | €29,530 | +€29,530 | |
| Plant, machinery and equipment | 23 | - | €29,530 | +€29,530 | |
| Current assets | 29/58 | €2,808 | €18,106 | +€15,298 | +545% |
| Amounts receivable within one year | 40/41 | €4 | €18,057 | +€18,053 | +447,953% |
| Trade receivables | 40 | - | €18,053 | +€18,053 | |
| Other amounts receivable | 41 | €4 | €4 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,803 | €49 | -€2,754 | -98.3% |
| Total equity and liabilities | 10/49 | €2,808 | €47,635 | +€44,828 | +1,597% |
| Equity | 10/15 | €2,658 | -€6,953 | -€9,610 | |
| Contributions | 10/11 | €21,400 | €21,400 | = | 0.0% |
| Contributions outside capital | 11 | €21,400 | - | -€21,400 | |
| Share premium | 1100/10 | €9,000 | - | -€9,000 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Profit (loss) carried forward | 14 | -€18,742 | -€28,353 | -€9,610 | -51.3% |
| Amounts payable | 17/49 | €150 | €54,588 | +€54,438 | +36,299% |
| Amounts payable within one year | 42/48 | €150 | €54,588 | +€54,438 | +36,299% |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Trade debts | 44 | - | €10,796 | +€10,796 | |
| Suppliers | 440/4 | - | €10,796 | +€10,796 | |
| Other amounts payable | 47/48 | €150 | €43,791 | +€43,641 | +29,100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,300 | +€3,300 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,153 | - | -€3,153 | |
| Other operating charges | 640/8 | - | €396 | +€396 | |
| Gross operating margin | 9900 | -€1,128 | -€5,084 | -€3,956 | -351% |
| Operating profit (loss) | 9901 | -€4,281 | -€8,780 | -€4,499 | -105% |
| Financial charges | 65/66B | - | €599 | +€599 | |
| Recurring financial charges | 65 | - | €599 | +€599 | |
| Profit (loss) for the period before taxes | 9903 | -€4,281 | -€9,379 | -€5,098 | -119% |
| Profit (loss) for the period | 9904 | -€4,281 | -€9,379 | -€5,098 | -119% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,281 | -€9,379 | -€5,098 | -119% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.