K-TIOUSHA: 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.
K-TIOUSHA
Largest movements
- Tangible fixed assets +€398,486
up €398,486 (+649%), from €61,412 to €459,898
of which Land and buildings: +€373,173
- Receivables within one year +€68,818
up €68,818 (+183%), from €37,597 to €106,416
of which Other amounts receivable: +€82,349
- Financial fixed assets +€34,474
up €34,474 (+21.9%), from €157,336 to €191,810
- Cash -€11,342
down €11,342 (-6.2%), from €182,231 to €170,889
- Debts after one year +€337,204
up €337,204 (+926%), from €36,397 to €373,601
- Reserves +€79,000
up €79,000 (+28.8%), from €274,166 to €353,166
of which Distributable reserves: +€79,000
- Trade debts +€23,389
up €23,389 (+742%), from €3,152 to €26,540
- Current portion of long-term debt +€22,889
new in 2025: €22,889
- Other debts +€14,289
up €14,289 (+2,009%), from €711 to €15,000
- Turnover -€169,583
no longer reported in 2025 (was €169,583)
- Gross operating margin +€61,170
up €61,170 (+50.9%), from €120,100 to €181,269
- Purchases and services -€49,747
no longer reported in 2025 (was €49,747)
- Taxes +€19,242
up €19,242 (+65.6%), from €29,312 to €48,553
- Financial income +€6,426
up €6,426 (+2,924%), from €220 to €6,646
of which Financial income: +€6,426
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €497,939 | €988,375 | +€490,436 | +98.5% |
| Fixed assets | 21/28 | €218,749 | €651,708 | +€432,960 | +198% |
| Tangible fixed assets | 22/27 | €61,412 | €459,898 | +€398,486 | +649% |
| Land and buildings | 22 | - | €373,173 | +€373,173 | |
| Plant, machinery and equipment | 23 | €4,301 | €63,304 | +€59,003 | +1,372% |
| Furniture and vehicles | 24 | €57,111 | €23,421 | -€33,690 | -59.0% |
| Financial fixed assets | 28 | €157,336 | €191,810 | +€34,474 | +21.9% |
| Current assets | 29/58 | €279,190 | €336,666 | +€57,476 | +20.6% |
| Amounts receivable within one year | 40/41 | €37,597 | €106,416 | +€68,818 | +183% |
| Trade receivables | 40 | €26,439 | €12,908 | -€13,530 | -51.2% |
| Other amounts receivable | 41 | €11,158 | €93,507 | +€82,349 | +738% |
| Current investments | 50/53 | €59,362 | €59,362 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €182,231 | €170,889 | -€11,342 | -6.2% |
| Total equity and liabilities | 10/49 | €497,939 | €988,375 | +€490,436 | +98.5% |
| Equity | 10/15 | €401,365 | €481,332 | +€79,967 | +19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €274,166 | €353,166 | +€79,000 | +28.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,306 | €18,306 | = | 0.0% |
| Distributable reserves | 133 | €254,000 | €333,000 | +€79,000 | +31.1% |
| Profit (loss) carried forward | 14 | €108,599 | €109,566 | +€967 | +0.9% |
| Amounts payable | 17/49 | €96,573 | €507,042 | +€410,469 | +425% |
| Amounts payable after more than one year | 17 | €36,397 | €373,601 | +€337,204 | +926% |
| Financial debts | 170/4 | €36,397 | €373,601 | +€337,204 | +926% |
| Amounts payable within one year | 42/48 | €60,176 | €133,441 | +€73,265 | +122% |
| Current portion of amounts payable after more than one year | 42 | - | €22,889 | +€22,889 | |
| Trade debts | 44 | €3,152 | €26,540 | +€23,389 | +742% |
| Suppliers | 440/4 | €3,152 | €26,540 | +€23,389 | +742% |
| Taxes, remuneration and social security | 45 | €56,314 | €69,012 | +€12,698 | +22.5% |
| Taxes | 450/3 | €56,314 | €69,012 | +€12,698 | +22.5% |
| Other amounts payable | 47/48 | €711 | €15,000 | +€14,289 | +2,009% |
| Turnover | 70 | €169,583 | - | -€169,583 | |
| Goods, raw materials, services and sundry goods | 60/61 | €49,747 | - | -€49,747 | |
| Remuneration, social security and pensions | 62 | €247 | - | -€247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,482 | €34,647 | +€5,164 | +17.5% |
| Other operating charges | 640/8 | €215 | €2,469 | +€2,255 | +1,050% |
| Non-recurring operating charges | 66A | €500 | €300 | -€200 | -40.0% |
| Gross operating margin | 9900 | €120,100 | €181,269 | +€61,170 | +50.9% |
| Operating profit (loss) | 9901 | €89,656 | €143,854 | +€54,198 | +60.5% |
| Financial income | 75/76B | €220 | €6,646 | +€6,426 | +2,924% |
| Recurring financial income | 75 | €220 | €6,646 | +€6,426 | +2,924% |
| Non-recurring financial income | 76B | €220 | - | -€220 | |
| Financial charges | 65/66B | €616 | €6,202 | +€5,586 | +907% |
| Recurring financial charges | 65 | €616 | €6,202 | +€5,586 | +907% |
| Profit (loss) for the period before taxes | 9903 | €89,260 | €144,298 | +€55,038 | +61.7% |
| Income taxes | 67/77 | €29,312 | €48,553 | +€19,242 | +65.6% |
| Profit (loss) for the period | 9904 | €59,948 | €95,745 | +€35,796 | +59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,948 | €95,745 | +€35,796 | +59.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.