KI Invest: 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.
KI Invest
Largest movements
- Tangible fixed assets -€290,585
down €290,585 (-98.8%), from €294,206 to €3,621
of which Land and buildings: -€294,206
- Receivables within one year +€76,857
up €76,857 (+82.8%), from €92,879 to €169,736
of which Trade receivables: +€83,000
- Cash +€37,101
up €37,101 (+493%), from €7,530 to €44,632
mainly Investment in fixed assets (net) (+€290,543) and Net result for the year (+€60,937)
- Debts after one year -€233,703
no longer reported in 2025 (was €233,703)
of which Financial debts: -€232,448
- Reserves +€60,900
up €60,900 (+70.0%), from €86,950 to €147,850
- Current portion of long-term debt -€14,768
no longer reported in 2025 (was €14,768)
- Other debts +€12,835
up €12,835 (+50.4%), from €25,468 to €38,303
- Tax, wage and social debts -€6,832
down €6,832 (-41.4%), from €16,507 to €9,675
- Gross operating margin -€19,563
down €19,563 (-18.1%), from €108,064 to €88,501
- Taxes -€10,128
down €10,128 (-37.8%), from €26,789 to €16,661
- Depreciation -€8,556
down €8,556 (-99.5%), from €8,598 to €42
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 | €394,618 | €217,988 | -€176,630 | -44.8% |
| Fixed assets | 21/28 | €294,206 | €3,621 | -€290,585 | -98.8% |
| Tangible fixed assets | 22/27 | €294,206 | €3,621 | -€290,585 | -98.8% |
| Land and buildings | 22 | €294,206 | - | -€294,206 | |
| Other tangible fixed assets | 26 | - | €3,621 | +€3,621 | |
| Current assets | 29/58 | €100,412 | €214,367 | +€113,956 | +113% |
| Amounts receivable within one year | 40/41 | €92,879 | €169,736 | +€76,857 | +82.8% |
| Trade receivables | 40 | €19,595 | €102,595 | +€83,000 | +424% |
| Other amounts receivable | 41 | €73,284 | €67,141 | -€6,143 | -8.4% |
| Cash at bank and in hand | 54/58 | €7,530 | €44,632 | +€37,101 | +493% |
| Deferred charges and accrued income | 490/1 | €3 | - | -€3 | |
| Total equity and liabilities | 10/49 | €394,618 | €217,988 | -€176,630 | -44.8% |
| Equity | 10/15 | €101,996 | €162,934 | +€60,937 | +59.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €86,950 | €147,850 | +€60,900 | +70.0% |
| Distributable reserves | 133 | €86,950 | €147,850 | +€60,900 | +70.0% |
| Profit (loss) carried forward | 14 | €46 | €84 | +€37 | +81.3% |
| Amounts payable | 17/49 | €292,622 | €55,055 | -€237,567 | -81.2% |
| Amounts payable after more than one year | 17 | €233,703 | - | -€233,703 | |
| Financial debts | 170/4 | €232,448 | - | -€232,448 | |
| Other amounts payable | 178/9 | €1,255 | - | -€1,255 | |
| Amounts payable within one year | 42/48 | €58,919 | €55,055 | -€3,864 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €14,768 | - | -€14,768 | |
| Trade debts | 44 | €1,090 | €7,077 | +€5,987 | +549% |
| Suppliers | 440/4 | €1,090 | €7,077 | +€5,987 | +549% |
| Advances received on contracts in progress | 46 | €1,085 | - | -€1,085 | |
| Taxes, remuneration and social security | 45 | €16,507 | €9,675 | -€6,832 | -41.4% |
| Taxes | 450/3 | €16,507 | €9,675 | -€6,832 | -41.4% |
| Other amounts payable | 47/48 | €25,468 | €38,303 | +€12,835 | +50.4% |
| Non-recurring operating income | 76A | - | €15,794 | +€15,794 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,598 | €42 | -€8,556 | -99.5% |
| Other operating charges | 640/8 | €943 | €1,137 | +€194 | +20.6% |
| Gross operating margin | 9900 | €108,064 | €88,501 | -€19,563 | -18.1% |
| Operating profit (loss) | 9901 | €98,522 | €87,322 | -€11,201 | -11.4% |
| Financial income | 75/76B | €825 | €872 | +€47 | +5.7% |
| Recurring financial income | 75 | €825 | €872 | +€47 | +5.7% |
| Financial charges | 65/66B | €10,492 | €10,595 | +€104 | +1.0% |
| Recurring financial charges | 65 | €10,492 | €10,595 | +€104 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €88,856 | €77,599 | -€11,257 | -12.7% |
| Income taxes | 67/77 | €26,789 | €16,661 | -€10,128 | -37.8% |
| Profit (loss) for the period | 9904 | €62,067 | €60,937 | -€1,130 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,067 | €60,937 | -€1,130 | -1.8% |
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 1 November 2026 via checked.be.