Kazerne74: 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.
Kazerne74
Largest movements
- Cash -€14,625
down €14,625 (-38.6%), from €37,918 to €23,293
mainly Investment in fixed assets (net) (-€13,947) and Other debts (-€5,245)
- Tangible fixed assets +€10,572
up €10,572 (+181.0%), from €5,840 to €16,412
of which Other tangible fixed assets: +€12,500
- Receivables within one year -€2,707
down €2,707 (-27.0%), from €10,030 to €7,323
of which Trade receivables: -€3,456
- Deferred charges and accrued income -€1,633
down €1,633 (-55.9%), from €2,921 to €1,288
- Other debts -€5,245
down €5,245 (-81.5%), from €6,435 to €1,190
- Trade debts -€2,220
down €2,220 (-36.1%), from €6,147 to €3,927
- Tax, wage and social debts -€1,191
down €1,191 (-91.7%), from €1,299 to €108
- Gross operating margin -€34,417
down €34,417 (-83.5%), from €41,231 to €6,814
- Taxes -€11,514
down €11,514 (-88.5%), from €13,014 to €1,500
- Other operating charges -€756
down €756 (-65.4%), from €1,156 to €400
- Depreciation +€677
up €677 (+25.1%), from €2,698 to €3,375
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.
Cash bridge derived
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 | €56,709 | €48,316 | -€8,393 | -14.8% |
| Fixed assets | 21/28 | €5,840 | €16,412 | +€10,572 | +181.0% |
| Tangible fixed assets | 22/27 | €5,840 | €16,412 | +€10,572 | +181.0% |
| Plant, machinery and equipment | 23 | €0 | €446 | +€446 | |
| Furniture and vehicles | 24 | €5,840 | €3,466 | -€2,374 | -40.7% |
| Other tangible fixed assets | 26 | - | €12,500 | +€12,500 | |
| Current assets | 29/58 | €50,869 | €31,904 | -€18,965 | -37.3% |
| Amounts receivable within one year | 40/41 | €10,030 | €7,323 | -€2,707 | -27.0% |
| Trade receivables | 40 | €8,605 | €5,149 | -€3,456 | -40.2% |
| Other amounts receivable | 41 | €1,425 | €2,174 | +€749 | +52.6% |
| Cash at bank and in hand | 54/58 | €37,918 | €23,293 | -€14,625 | -38.6% |
| Deferred charges and accrued income | 490/1 | €2,921 | €1,288 | -€1,633 | -55.9% |
| Total equity and liabilities | 10/49 | €56,709 | €48,316 | -€8,393 | -14.8% |
| Equity | 10/15 | €42,804 | €43,091 | +€287 | +0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,604 | €36,891 | +€287 | +0.8% |
| Distributable reserves | 133 | €36,604 | €36,891 | +€287 | +0.8% |
| Amounts payable | 17/49 | €13,904 | €5,225 | -€8,680 | -62.4% |
| Amounts payable within one year | 42/48 | €13,881 | €5,225 | -€8,656 | -62.4% |
| Trade debts | 44 | €6,147 | €3,927 | -€2,220 | -36.1% |
| Suppliers | 440/4 | €6,147 | €3,927 | -€2,220 | -36.1% |
| Taxes, remuneration and social security | 45 | €1,299 | €108 | -€1,191 | -91.7% |
| Taxes | 450/3 | €1,299 | €108 | -€1,191 | -91.7% |
| Other amounts payable | 47/48 | €6,435 | €1,190 | -€5,245 | -81.5% |
| Accrued charges and deferred income | 492/3 | €24 | - | -€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,698 | €3,375 | +€677 | +25.1% |
| Other operating charges | 640/8 | €1,156 | €400 | -€756 | -65.4% |
| Gross operating margin | 9900 | €41,231 | €6,814 | -€34,417 | -83.5% |
| Operating profit (loss) | 9901 | €37,377 | €3,039 | -€34,338 | -91.9% |
| Financial income | 75/76B | €37 | - | -€37 | |
| Recurring financial income | 75 | €37 | - | -€37 | |
| Financial charges | 65/66B | €63 | €62 | -€1 | -1.4% |
| Recurring financial charges | 65 | €63 | €62 | -€1 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €37,350 | €2,977 | -€34,373 | -92.0% |
| Income taxes | 67/77 | €13,014 | €1,500 | -€11,514 | -88.5% |
| Profit (loss) for the period | 9904 | €24,336 | €1,477 | -€22,859 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,336 | €1,477 | -€22,859 | -93.9% |
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 10 October 2026 via checked.be.