KCIROY: 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.
KCIROY
Largest movements
- Tangible fixed assets -€14,565
down €14,565 (-6.6%), from €220,335 to €205,770
of which Land and buildings: -€9,590
- Cash +€9,679
up €9,679 (+192.2%), from €5,035 to €14,714
mainly Depreciation (+€15,158) and Net result for the year (+€6,307)
- Receivables within one year +€3,259
up €3,259 (+185.1%), from €1,761 to €5,020
- Reserves +€6,307
up €6,307 (+6.7%), from €94,120 to €100,428
of which Distributable reserves: +€9,647
- Other debts -€5,228
down €5,228 (-92.6%), from €5,645 to €417
- Gross operating margin +€9,813
up €9,813 (+55.4%), from €17,698 to €27,511
- Taxes +€1,766
up €1,766 (+78.7%), from €2,243 to €4,009
- Depreciation +€665
up €665 (+4.6%), from €14,493 to €15,158
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 | €229,168 | €227,610 | -€1,558 | -0.7% |
| Fixed assets | 21/28 | €220,354 | €205,789 | -€14,565 | -6.6% |
| Tangible fixed assets | 22/27 | €220,335 | €205,770 | -€14,565 | -6.6% |
| Land and buildings | 22 | €201,614 | €192,024 | -€9,590 | -4.8% |
| Plant, machinery and equipment | 23 | €10,913 | €9,688 | -€1,225 | -11.2% |
| Furniture and vehicles | 24 | €7,808 | €4,058 | -€3,750 | -48.0% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €8,815 | €21,822 | +€13,007 | +147.6% |
| Amounts receivable within one year | 40/41 | €1,761 | €5,020 | +€3,259 | +185.1% |
| Other amounts receivable | 41 | €1,761 | €5,020 | +€3,259 | +185.1% |
| Cash at bank and in hand | 54/58 | €5,035 | €14,714 | +€9,679 | +192.2% |
| Deferred charges and accrued income | 490/1 | €2,019 | €2,088 | +€69 | +3.4% |
| Total equity and liabilities | 10/49 | €229,168 | €227,610 | -€1,558 | -0.7% |
| Equity | 10/15 | €215,588 | €221,896 | +€6,307 | +2.9% |
| Contributions | 10/11 | €121,468 | €121,468 | = | 0.0% |
| Capital | 10 | €121,468 | €121,468 | = | 0.0% |
| Issued capital | 100 | €121,468 | €121,468 | = | 0.0% |
| Reserves | 13 | €94,120 | €100,428 | +€6,307 | +6.7% |
| Non-distributable reserves | 130/1 | €12,147 | €12,147 | = | 0.0% |
| Legal reserve | 130 | €12,147 | €12,147 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,340 | - | -€3,340 | |
| Distributable reserves | 133 | €78,634 | €88,281 | +€9,647 | +12.3% |
| Provisions and deferred taxes | 16 | €1,113 | - | -€1,113 | |
| Deferred taxes | 168 | €1,113 | - | -€1,113 | |
| Amounts payable | 17/49 | €12,467 | €5,715 | -€6,752 | -54.2% |
| Amounts payable within one year | 42/48 | €12,467 | €5,715 | -€6,752 | -54.2% |
| Trade debts | 44 | €2,414 | €248 | -€2,166 | -89.7% |
| Suppliers | 440/4 | €2,414 | €248 | -€2,166 | -89.7% |
| Advances received on contracts in progress | 46 | €1,040 | €1,040 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,368 | €4,009 | +€642 | +19.1% |
| Taxes | 450/3 | €3,368 | €4,009 | +€642 | +19.1% |
| Other amounts payable | 47/48 | €5,645 | €417 | -€5,228 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,493 | €15,158 | +€665 | +4.6% |
| Other operating charges | 640/8 | €2,889 | €2,889 | -€0 | 0.0% |
| Gross operating margin | 9900 | €17,698 | €27,511 | +€9,813 | +55.4% |
| Operating profit (loss) | 9901 | €316 | €9,464 | +€9,148 | +2892.5% |
| Financial income | 75/76B | €0 | €9 | +€9 | +14333.3% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +14333.3% |
| Financial charges | 65/66B | €253 | €269 | +€16 | +6.2% |
| Recurring financial charges | 65 | €253 | €269 | +€16 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €63 | €9,204 | +€9,141 | +14497.3% |
| Transfer from deferred taxes | 780 | €2,137 | €1,113 | -€1,023 | -47.9% |
| Income taxes | 67/77 | €2,243 | €4,009 | +€1,766 | +78.7% |
| Profit (loss) for the period | 9904 | -€43 | €6,307 | +€6,351 | |
| Transfer from tax-exempt reserves | 789 | €6,410 | €3,340 | -€3,070 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,366 | €9,647 | +€3,281 | +51.5% |
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 11 October 2026 via checked.be.