KAZERIJK: what changed
KAZERIJK
Largest movements
- Receivables within one year +€39,169
up €39,169 (+107%), from €36,777 to €75,947
of which Trade receivables: +€22,261
- Cash -€18,721
down €18,721 (-80.3%), from €23,325 to €4,605
mainly Receivables within one year (-€39,169) and Investment in fixed assets (net) (-€8,829)
- Tangible fixed assets +€7,323
new in 2025: €7,323
- Deferred charges and accrued income +€3,486
up €3,486 (+445%), from €784 to €4,270
- Reserves +€20,512
up €20,512 (+111%), from €18,465 to €38,977
- Trade debts +€5,059
up €5,059 (+15.6%), from €32,405 to €37,463
- Advances received +€3,633
new in 2025: €3,633
- Tax, wage and social debts +€2,053
up €2,053 (+36.0%), from €5,698 to €7,751
- Gross operating margin +€4,513
up €4,513 (+18.8%), from €23,992 to €28,505
- Depreciation +€1,507
new in 2025: €1,507
- Taxes +€738
up €738 (+14.3%), from €5,175 to €5,913
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 | €61,636 | €92,894 | +€31,257 | +50.7% |
| Fixed assets | 21/28 | - | €7,323 | +€7,323 | |
| Tangible fixed assets | 22/27 | - | €7,323 | +€7,323 | |
| Furniture and vehicles | 24 | - | €7,323 | +€7,323 | |
| Current assets | 29/58 | €61,636 | €85,571 | +€23,935 | +38.8% |
| Stocks and contracts in progress | 3 | €750 | €750 | = | 0.0% |
| Stocks | 30/36 | €750 | €750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,777 | €75,947 | +€39,169 | +107% |
| Trade receivables | 40 | €105 | €22,366 | +€22,261 | +21,213% |
| Other amounts receivable | 41 | €36,672 | €53,581 | +€16,909 | +46.1% |
| Cash at bank and in hand | 54/58 | €23,325 | €4,605 | -€18,721 | -80.3% |
| Deferred charges and accrued income | 490/1 | €784 | €4,270 | +€3,486 | +445% |
| Total equity and liabilities | 10/49 | €61,636 | €92,894 | +€31,257 | +50.7% |
| Equity | 10/15 | €23,465 | €43,977 | +€20,512 | +87.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,465 | €38,977 | +€20,512 | +111% |
| Distributable reserves | 133 | €18,465 | €38,977 | +€20,512 | +111% |
| Amounts payable | 17/49 | €38,171 | €48,916 | +€10,745 | +28.1% |
| Amounts payable within one year | 42/48 | €38,103 | €48,848 | +€10,745 | +28.2% |
| Trade debts | 44 | €32,405 | €37,463 | +€5,059 | +15.6% |
| Suppliers | 440/4 | €32,405 | €37,463 | +€5,059 | +15.6% |
| Advances received on contracts in progress | 46 | - | €3,633 | +€3,633 | |
| Taxes, remuneration and social security | 45 | €5,698 | €7,751 | +€2,053 | +36.0% |
| Taxes | 450/3 | €5,698 | €7,751 | +€2,053 | +36.0% |
| Accrued charges and deferred income | 492/3 | €69 | €69 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,507 | +€1,507 | |
| Other operating charges | 640/8 | €292 | €456 | +€164 | +56.0% |
| Gross operating margin | 9900 | €23,992 | €28,505 | +€4,513 | +18.8% |
| Operating profit (loss) | 9901 | €23,699 | €26,542 | +€2,843 | +12.0% |
| Financial charges | 65/66B | €59 | €116 | +€57 | +97.0% |
| Recurring financial charges | 65 | €59 | €116 | +€57 | +97.0% |
| Profit (loss) for the period before taxes | 9903 | €23,640 | €26,426 | +€2,785 | +11.8% |
| Income taxes | 67/77 | €5,175 | €5,913 | +€738 | +14.3% |
| Profit (loss) for the period | 9904 | €18,465 | €20,512 | +€2,047 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,465 | €20,512 | +€2,047 | +11.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.