KI TRADE: 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 TRADE
Largest movements
- Cash +€45,753
up €45,753 (+74.7%), from €61,244 to €106,997
mainly Net result for the year (+€47,261) and Receivables after one year (+€11,000)
- Receivables after one year -€11,000
no longer reported in 2025 (was €11,000)
- Tangible fixed assets +€2,522
up €2,522 (+6.9%), from €36,719 to €39,241
of which Plant, machinery and equipment: +€4,446
- Deferred charges and accrued income +€2,495
up €2,495 (+301%), from €829 to €3,324
- Reserves +€47,261
up €47,261 (+51.0%), from €92,668 to €139,929
- Other debts -€14,836
no longer reported in 2025 (was €14,836)
- Short-term financial debts +€7,601
up €7,601 (+329%), from €2,311 to €9,911
- Trade debts -€2,150
down €2,150 (-26.4%), from €8,149 to €5,999
- Gross operating margin +€27,534
up €27,534 (+55.0%), from €50,031 to €77,565
- Taxes +€7,286
up €7,286 (+60.4%), from €12,061 to €19,347
- Depreciation +€1,847
up €1,847 (+24.6%), from €7,513 to €9,360
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 | €135,687 | €174,911 | +€39,224 | +28.9% |
| Fixed assets | 21/28 | €36,719 | €39,241 | +€2,522 | +6.9% |
| Tangible fixed assets | 22/27 | €36,719 | €39,241 | +€2,522 | +6.9% |
| Plant, machinery and equipment | 23 | €4,865 | €9,311 | +€4,446 | +91.4% |
| Furniture and vehicles | 24 | €9,927 | €6,835 | -€3,092 | -31.1% |
| Other tangible fixed assets | 26 | €21,928 | €23,095 | +€1,167 | +5.3% |
| Current assets | 29/58 | €98,968 | €135,670 | +€36,702 | +37.1% |
| Amounts receivable after more than one year | 29 | €11,000 | - | -€11,000 | |
| Other amounts receivable | 291 | €11,000 | - | -€11,000 | |
| Amounts receivable within one year | 40/41 | €25,895 | €25,349 | -€545 | -2.1% |
| Trade receivables | 40 | €25,688 | €23,304 | -€2,384 | -9.3% |
| Other amounts receivable | 41 | €206 | €2,045 | +€1,839 | +891% |
| Cash at bank and in hand | 54/58 | €61,244 | €106,997 | +€45,753 | +74.7% |
| Deferred charges and accrued income | 490/1 | €829 | €3,324 | +€2,495 | +301% |
| Total equity and liabilities | 10/49 | €135,687 | €174,911 | +€39,224 | +28.9% |
| Equity | 10/15 | €93,168 | €140,429 | +€47,261 | +50.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €92,668 | €139,929 | +€47,261 | +51.0% |
| Distributable reserves | 133 | €92,668 | €139,929 | +€47,261 | +51.0% |
| Amounts payable | 17/49 | €42,518 | €34,482 | -€8,037 | -18.9% |
| Amounts payable within one year | 42/48 | €42,273 | €34,459 | -€7,814 | -18.5% |
| Financial debts | 43 | €2,311 | €9,911 | +€7,601 | +329% |
| Other loans | 439 | €2,311 | €9,911 | +€7,601 | +329% |
| Trade debts | 44 | €8,149 | €5,999 | -€2,150 | -26.4% |
| Suppliers | 440/4 | €8,149 | €5,999 | -€2,150 | -26.4% |
| Taxes, remuneration and social security | 45 | €16,977 | €18,549 | +€1,572 | +9.3% |
| Taxes | 450/3 | €14,853 | €15,353 | +€500 | +3.4% |
| Remuneration and social security | 454/9 | €2,124 | €3,195 | +€1,071 | +50.4% |
| Other amounts payable | 47/48 | €14,836 | - | -€14,836 | |
| Accrued charges and deferred income | 492/3 | €245 | €23 | -€223 | -90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,513 | €9,360 | +€1,847 | +24.6% |
| Other operating charges | 640/8 | €1,359 | €1,401 | +€42 | +3.1% |
| Gross operating margin | 9900 | €50,031 | €77,565 | +€27,534 | +55.0% |
| Operating profit (loss) | 9901 | €41,159 | €66,804 | +€25,645 | +62.3% |
| Financial income | 75/76B | €458 | €155 | -€303 | -66.1% |
| Recurring financial income | 75 | €458 | €155 | -€303 | -66.1% |
| Financial charges | 65/66B | €494 | €352 | -€142 | -28.8% |
| Recurring financial charges | 65 | €494 | €352 | -€142 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €41,123 | €66,608 | +€25,485 | +62.0% |
| Income taxes | 67/77 | €12,061 | €19,347 | +€7,286 | +60.4% |
| Profit (loss) for the period | 9904 | €29,062 | €47,261 | +€18,199 | +62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,062 | €47,261 | +€18,199 | +62.6% |
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 27 October 2026 via checked.be.