KI & MY: 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 & MY
Largest movements
- Receivables within one year +€91,135
up €91,135 (+441%), from €20,647 to €111,783
of which Other amounts receivable: +€59,860
- Cash -€30,446
down €30,446 (-82.6%), from €36,854 to €6,408
mainly Receivables within one year (-€91,135) and Debts after one year (-€15,784)
- Tangible fixed assets -€21,321
down €21,321 (-24.1%), from €88,299 to €66,978
of which Plant, machinery and equipment: -€23,706
- Intangible fixed assets -€8,550
down €8,550 (-12.0%), from €71,094 to €62,544
- Deferred charges and accrued income +€4,100
up €4,100 (+118%), from €3,474 to €7,574
- Reserves +€42,854
up €42,854 (+101%), from €42,240 to €85,093
- Debts after one year -€15,784
down €15,784 (-18.4%), from €85,951 to €70,167
- Current portion of long-term debt +€7,151
up €7,151 (+25.0%), from €28,632 to €35,784
- Tax, wage and social debts +€4,799
up €4,799 (+17.7%), from €27,182 to €31,981
of which Taxes: +€10,799
- Trade debts -€2,844
down €2,844 (-9.6%), from €29,752 to €26,908
- Gross operating margin +€14,939
up €14,939 (+13.9%), from €107,751 to €122,691
- Financial charges +€9,657
up €9,657 (+107%), from €9,043 to €18,700
- Taxes +€2,399
up €2,399 (+14.9%), from €16,068 to €18,467
- Depreciation +€2,156
up €2,156 (+7.1%), from €30,231 to €32,387
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 | €223,844 | €257,482 | +€33,639 | +15.0% |
| Fixed assets | 21/28 | €159,540 | €129,687 | -€29,853 | -18.7% |
| Intangible fixed assets | 21 | €71,094 | €62,544 | -€8,550 | -12.0% |
| Tangible fixed assets | 22/27 | €88,299 | €66,978 | -€21,321 | -24.1% |
| Plant, machinery and equipment | 23 | €88,299 | €64,593 | -€23,706 | -26.8% |
| Furniture and vehicles | 24 | - | €2,385 | +€2,385 | |
| Financial fixed assets | 28 | €147 | €165 | +€18 | +12.2% |
| Current assets | 29/58 | €64,304 | €127,796 | +€63,492 | +98.7% |
| Stocks and contracts in progress | 3 | €3,329 | €2,030 | -€1,298 | -39.0% |
| Stocks | 30/36 | €3,329 | €2,030 | -€1,298 | -39.0% |
| Amounts receivable within one year | 40/41 | €20,647 | €111,783 | +€91,135 | +441% |
| Trade receivables | 40 | - | €31,275 | +€31,275 | |
| Other amounts receivable | 41 | €20,647 | €80,507 | +€59,860 | +290% |
| Cash at bank and in hand | 54/58 | €36,854 | €6,408 | -€30,446 | -82.6% |
| Deferred charges and accrued income | 490/1 | €3,474 | €7,574 | +€4,100 | +118% |
| Total equity and liabilities | 10/49 | €223,844 | €257,482 | +€33,639 | +15.0% |
| Equity | 10/15 | €47,240 | €90,093 | +€42,854 | +90.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,240 | €85,093 | +€42,854 | +101% |
| Distributable reserves | 133 | €42,240 | €85,093 | +€42,854 | +101% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €176,604 | €167,389 | -€9,215 | -5.2% |
| Amounts payable after more than one year | 17 | €85,951 | €70,167 | -€15,784 | -18.4% |
| Financial debts | 170/4 | €85,951 | €70,167 | -€15,784 | -18.4% |
| Amounts payable within one year | 42/48 | €90,653 | €97,222 | +€6,569 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €28,632 | €35,784 | +€7,151 | +25.0% |
| Financial debts | 43 | €5,087 | €2,550 | -€2,537 | -49.9% |
| Credit institutions | 430/8 | €5,087 | €2,550 | -€2,537 | -49.9% |
| Trade debts | 44 | €29,752 | €26,908 | -€2,844 | -9.6% |
| Suppliers | 440/4 | €29,752 | €26,908 | -€2,844 | -9.6% |
| Taxes, remuneration and social security | 45 | €27,182 | €31,981 | +€4,799 | +17.7% |
| Taxes | 450/3 | €21,182 | €31,981 | +€10,799 | +51.0% |
| Remuneration and social security | 454/9 | €6,000 | €0 | -€6,000 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €190 | €175 | -€15 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,231 | €32,387 | +€2,156 | +7.1% |
| Other operating charges | 640/8 | €11,358 | €11,979 | +€620 | +5.5% |
| Gross operating margin | 9900 | €107,751 | €122,691 | +€14,939 | +13.9% |
| Operating profit (loss) | 9901 | €65,972 | €78,150 | +€12,178 | +18.5% |
| Financial income | 75/76B | €1,379 | €1,871 | +€491 | +35.6% |
| Recurring financial income | 75 | €1,379 | €1,871 | +€491 | +35.6% |
| Financial charges | 65/66B | €9,043 | €18,700 | +€9,657 | +107% |
| Recurring financial charges | 65 | €9,043 | €18,700 | +€9,657 | +107% |
| Profit (loss) for the period before taxes | 9903 | €58,307 | €61,320 | +€3,013 | +5.2% |
| Income taxes | 67/77 | €16,068 | €18,467 | +€2,399 | +14.9% |
| Profit (loss) for the period | 9904 | €42,240 | €42,854 | +€614 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,240 | €42,854 | +€614 | +1.5% |
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 13 October 2026 via checked.be.