KAFIL: 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.
What changed
KAFIL
NACE 46.649, Wholesale of other machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€301,916
2024 · -€189,183-€112,733
Equity
€745,766
2024 · €1.0m-€301,913
Cash
€18,618
2024 · €14,959+€3,659
Balance sheet total
€1.2m
2024 · €1.5m-€234,485
Largest movements
Assets
- Stocks and contracts -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€78,675
down €78,675 (-31.0%), from €253,485 to €174,810
of which Trade receivables: -€55,345
- Tangible fixed assets -€55,913
down €55,913 (-8.9%), from €628,043 to €572,130
of which Land and buildings: -€52,418
Equity and liabilities
- Profit (loss) carried forward -€301,916
down €301,916 (-30.9%), from €978,485 to €676,569
- Other debts +€46,629
up €46,629 (+1,696%), from €2,750 to €49,379
- Trade debts +€19,129
up €19,129 (+529%), from €3,615 to €22,745
Income statement
- Staff costs +€171,858
up €171,858 (+132%), from €130,270 to €302,129
- Other operating charges -€71,921
down €71,921 (-77.4%), from €92,926 to €21,005
- Purchases and services +€29,320
up €29,320 (+8.7%), from €337,586 to €366,906
- Financial income -€9,002
down €9,002 (-63.0%), from €14,298 to €5,296
- Taxes +€5,996
up €5,996, from -€5,719 to €276
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.
Result 2024
-€189,183
Gross operating margin
+€2,046
Staff costs
-€171,858
Depreciation
+€174
Other operating charges
+€71,921
Financial income
-€9,002
Financial charges
-€18
Taxes
-€5,996
Result 2025
-€301,916
raises the resultlowers the result
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.
From operations
+€4,463
Investment
-€806
Financing
+€3
Cash 2024
€14,959
From operations (derived)
+€4,463
Net result for the year
-€301,916
Depreciation
+€53,016
Stocks and contracts
+€100,000
Receivables within one year
+€78,675
Deferred charges and accrued income
+€7,260
Trade debts
+€19,129
Tax, wage and social debts
-€3,136
Other debts
+€46,629
Accrued charges and deferred income
+€4,805
Investment (derived)
-€806
Investment in fixed assets (net)
+€2,897
Current investments
-€3,703
Financing
+€3
Contributions, distributions and other
+€3
Cash 2025
€18,618
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,453,021 | €1,218,535 | -€234,485 | -16.1% |
| Fixed assets | 21/28 | €628,661 | €572,747 | -€55,913 | -8.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €628,043 | €572,130 | -€55,913 | -8.9% |
| Land and buildings | 22 | €624,221 | €571,803 | -€52,418 | -8.4% |
| Plant, machinery and equipment | 23 | €923 | €328 | -€595 | -64.5% |
| Furniture and vehicles | 24 | €2,900 | €0 | -€2,900 | -100% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €617 | €617 | = | 0.0% |
| Current assets | 29/58 | €824,360 | €645,788 | -€178,572 | -21.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €100,000 | - | -€100,000 | |
| Stocks | 30/36 | €100,000 | - | -€100,000 | |
| Amounts receivable within one year | 40/41 | €253,485 | €174,810 | -€78,675 | -31.0% |
| Trade receivables | 40 | €218,066 | €162,721 | -€55,345 | -25.4% |
| Other amounts receivable | 41 | €35,419 | €12,089 | -€23,329 | -65.9% |
| Current investments | 50/53 | €445,936 | €449,640 | +€3,703 | +0.8% |
| Cash at bank and in hand | 54/58 | €14,959 | €18,618 | +€3,659 | +24.5% |
| Deferred charges and accrued income | 490/1 | €9,980 | €2,720 | -€7,260 | -72.7% |
| Total equity and liabilities | 10/49 | €1,453,021 | €1,218,535 | -€234,485 | -16.1% |
| Equity | 10/15 | €1,047,680 | €745,766 | -€301,913 | -28.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,194 | €7,197 | +€3 | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €994 | €997 | +€3 | +0.3% |
| Profit (loss) carried forward | 14 | €978,485 | €676,569 | -€301,916 | -30.9% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €405,341 | €472,769 | +€67,428 | +16.6% |
| Amounts payable within one year | 42/48 | €403,231 | €465,853 | +€62,623 | +15.5% |
| Financial debts | 43 | €393,729 | €393,729 | = | 0.0% |
| Other loans | 439 | €393,729 | €393,729 | = | 0.0% |
| Trade debts | 44 | €3,615 | €22,745 | +€19,129 | +529% |
| Suppliers | 440/4 | €3,615 | €22,745 | +€19,129 | +529% |
| Taxes, remuneration and social security | 45 | €3,136 | - | -€3,136 | |
| Taxes | 450/3 | €167 | - | -€167 | |
| Remuneration and social security | 454/9 | €2,969 | - | -€2,969 | |
| Other amounts payable | 47/48 | €2,750 | €49,379 | +€46,629 | +1,696% |
| Accrued charges and deferred income | 492/3 | €2,110 | €6,915 | +€4,805 | +228% |
| Turnover | 70 | €400,989 | €404,334 | +€3,345 | +0.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €337,586 | €366,906 | +€29,320 | +8.7% |
| Remuneration, social security and pensions | 62 | €130,270 | €302,129 | +€171,858 | +132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,190 | €53,016 | -€174 | -0.3% |
| Other operating charges | 640/8 | €92,926 | €21,005 | -€71,921 | -77.4% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €67,596 | €69,642 | +€2,046 | +3.0% |
| Operating profit (loss) | 9901 | -€208,791 | -€306,508 | -€97,717 | -46.8% |
| Financial income | 75/76B | €14,298 | €5,296 | -€9,002 | -63.0% |
| Recurring financial income | 75 | €14,298 | €5,296 | -€9,002 | -63.0% |
| Financial charges | 65/66B | €410 | €428 | +€18 | +4.3% |
| Recurring financial charges | 65 | €410 | €428 | +€18 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€194,903 | -€301,640 | -€106,737 | -54.8% |
| Income taxes | 67/77 | -€5,719 | €276 | +€5,996 | |
| Profit (loss) for the period | 9904 | -€189,183 | -€301,916 | -€112,733 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€189,183 | -€301,916 | -€112,733 | -59.6% |
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 20 October 2026 via checked.be.