"KAZIMMO": 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.
"KAZIMMO"
Largest movements
- Stocks and contracts +€223,521
up €223,521 (+38.9%), from €575,320 to €798,841
- Receivables within one year -€190,116
down €190,116 (-70.7%), from €268,772 to €78,656
of which Trade receivables: -€177,379
- Deferred charges and accrued income +€14,509
new in 2025: €14,509
- Trade debts -€195,863
down €195,863 (-57.0%), from €343,583 to €147,720
- Current portion of long-term debt +€131,000
new in 2025: €131,000
- Other debts +€98,916
up €98,916 (+60.0%), from €164,920 to €263,836
- Short-term financial debts -€38,962
down €38,962 (-10.9%), from €358,889 to €319,927
- Profit (loss) carried forward +€37,668
up €37,668, from -€19,052 to €18,616
- Gross operating margin +€129,303
up €129,303 (+4456.9%), from €2,901 to €132,204
- Staff costs +€78,722
new in 2025: €78,722
- Taxes +€7,530
up €7,530 (+2353.1%), from €320 to €7,850
- Other operating charges -€2,800
down €2,800 (-64.3%), from €4,352 to €1,552
- Financial charges -€2,437
down €2,437 (-54.4%), from €4,476 to €2,040
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 | €851,694 | €917,032 | +€65,337 | +7.7% |
| Fixed assets | 21/28 | €3,103 | €13,243 | +€10,140 | +326.8% |
| Tangible fixed assets | 22/27 | €3,103 | €12,043 | +€8,940 | +288.1% |
| Furniture and vehicles | 24 | €3,103 | €12,043 | +€8,940 | +288.1% |
| Financial fixed assets | 28 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €848,591 | €903,789 | +€55,198 | +6.5% |
| Stocks and contracts in progress | 3 | €575,320 | €798,841 | +€223,521 | +38.9% |
| Stocks | 30/36 | €575,320 | €798,841 | +€223,521 | +38.9% |
| Amounts receivable within one year | 40/41 | €268,772 | €78,656 | -€190,116 | -70.7% |
| Trade receivables | 40 | €240,533 | €63,154 | -€177,379 | -73.7% |
| Other amounts receivable | 41 | €28,239 | €15,502 | -€12,737 | -45.1% |
| Cash at bank and in hand | 54/58 | €4,499 | €11,784 | +€7,285 | +161.9% |
| Deferred charges and accrued income | 490/1 | - | €14,509 | +€14,509 | |
| Total equity and liabilities | 10/49 | €851,694 | €917,032 | +€65,337 | +7.7% |
| Equity | 10/15 | -€16,052 | €21,616 | +€37,668 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,052 | €18,616 | +€37,668 | |
| Amounts payable | 17/49 | €867,746 | €895,416 | +€27,670 | +3.2% |
| Amounts payable within one year | 42/48 | €867,746 | €895,174 | +€27,428 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | - | €131,000 | +€131,000 | |
| Financial debts | 43 | €358,889 | €319,927 | -€38,962 | -10.9% |
| Credit institutions | 430/8 | €358,889 | €319,927 | -€38,962 | -10.9% |
| Trade debts | 44 | €343,583 | €147,720 | -€195,863 | -57.0% |
| Suppliers | 440/4 | €343,583 | €147,720 | -€195,863 | -57.0% |
| Taxes, remuneration and social security | 45 | €355 | €32,692 | +€32,336 | +9105.5% |
| Taxes | 450/3 | €355 | €11,876 | +€11,521 | +3244.2% |
| Remuneration and social security | 454/9 | - | €20,815 | +€20,815 | |
| Other amounts payable | 47/48 | €164,920 | €263,836 | +€98,916 | +60.0% |
| Accrued charges and deferred income | 492/3 | - | €242 | +€242 | |
| Remuneration, social security and pensions | 62 | - | €78,722 | +€78,722 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €862 | €2,889 | +€2,027 | +235.1% |
| Other operating charges | 640/8 | €4,352 | €1,552 | -€2,800 | -64.3% |
| Non-recurring operating charges | 66A | - | €1,500 | +€1,500 | |
| Gross operating margin | 9900 | €2,901 | €132,204 | +€129,303 | +4456.9% |
| Operating profit (loss) | 9901 | -€2,313 | €47,541 | +€49,855 | |
| Financial income | 75/76B | €1 | €16 | +€15 | +1319.8% |
| Recurring financial income | 75 | €1 | €16 | +€15 | +1319.8% |
| Financial charges | 65/66B | €4,476 | €2,040 | -€2,437 | -54.4% |
| Recurring financial charges | 65 | €4,476 | €2,040 | -€2,437 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,789 | €45,518 | +€52,306 | |
| Income taxes | 67/77 | €320 | €7,850 | +€7,530 | +2353.1% |
| Profit (loss) for the period | 9904 | -€7,109 | €37,668 | +€44,776 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,109 | €37,668 | +€44,776 |
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.