Kazet & Partners: 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.
Kazet & Partners
Largest movements
- Cash +€32,175
up €32,175 (+4,295%), from €749 to €32,924
mainly Receivables within one year (+€28,695) and Depreciation (+€19,427)
- Receivables within one year -€28,695
down €28,695 (-61.9%), from €46,343 to €17,648
of which Trade receivables: -€31,218
- Tangible fixed assets -€19,427
down €19,427 (-28.8%), from €67,451 to €48,024
of which Furniture and vehicles: -€19,364
- Reserves -€32,506
down €32,506 (-63.0%), from €51,583 to €19,078
- Other debts +€18,284
up €18,284 (+40.8%), from €44,849 to €63,134
- Tax, wage and social debts -€1,484
down €1,484 (-9.4%), from €15,750 to €14,266
- Gross operating margin +€750
up €750 (+1.6%), from €45,914 to €46,664
- Financial charges -€524
down €524 (-86.0%), from €610 to €85
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 | €114,793 | €98,846 | -€15,947 | -13.9% |
| Fixed assets | 21/28 | €67,701 | €48,274 | -€19,427 | -28.7% |
| Tangible fixed assets | 22/27 | €67,451 | €48,024 | -€19,427 | -28.8% |
| Plant, machinery and equipment | 23 | €62 | - | -€62 | |
| Furniture and vehicles | 24 | €67,388 | €48,024 | -€19,364 | -28.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €47,092 | €50,572 | +€3,480 | +7.4% |
| Amounts receivable within one year | 40/41 | €46,343 | €17,648 | -€28,695 | -61.9% |
| Trade receivables | 40 | €46,343 | €15,125 | -€31,218 | -67.4% |
| Other amounts receivable | 41 | - | €2,523 | +€2,523 | |
| Cash at bank and in hand | 54/58 | €749 | €32,924 | +€32,175 | +4,295% |
| Total equity and liabilities | 10/49 | €114,793 | €98,846 | -€15,947 | -13.9% |
| Equity | 10/15 | €52,583 | €20,078 | -€32,506 | -61.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €51,583 | €19,078 | -€32,506 | -63.0% |
| Distributable reserves | 133 | €51,583 | €19,078 | -€32,506 | -63.0% |
| Amounts payable | 17/49 | €62,209 | €78,768 | +€16,559 | +26.6% |
| Amounts payable within one year | 42/48 | €62,209 | €78,768 | +€16,559 | +26.6% |
| Trade debts | 44 | €1,610 | €1,369 | -€241 | -15.0% |
| Suppliers | 440/4 | €1,610 | €1,369 | -€241 | -15.0% |
| Taxes, remuneration and social security | 45 | €15,750 | €14,266 | -€1,484 | -9.4% |
| Taxes | 450/3 | €15,750 | €14,266 | -€1,484 | -9.4% |
| Other amounts payable | 47/48 | €44,849 | €63,134 | +€18,284 | +40.8% |
| Non-recurring operating income | 76A | - | €753 | +€753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,572 | €19,427 | -€145 | -0.7% |
| Other operating charges | 640/8 | €2,136 | €2,180 | +€44 | +2.1% |
| Gross operating margin | 9900 | €45,914 | €46,664 | +€750 | +1.6% |
| Operating profit (loss) | 9901 | €24,206 | €25,057 | +€851 | +3.5% |
| Financial charges | 65/66B | €610 | €85 | -€524 | -86.0% |
| Recurring financial charges | 65 | €610 | €85 | -€524 | -86.0% |
| Profit (loss) for the period before taxes | 9903 | €23,596 | €24,971 | +€1,375 | +5.8% |
| Income taxes | 67/77 | €7,029 | €7,477 | +€448 | +6.4% |
| Profit (loss) for the period | 9904 | €16,567 | €17,494 | +€927 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,567 | €17,494 | +€927 | +5.6% |
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 23 October 2026 via checked.be.