ki4growth: 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.
ki4growth
Largest movements
- Tangible fixed assets +€213,494
up €213,494 (+11,490%), from €1,858 to €215,353
of which Land and buildings: +€214,119
- Cash -€198,937
down €198,937 (-64.9%), from €306,642 to €107,705
mainly Investment in fixed assets (net) (-€215,759) and Contributions, distributions and other (-€159,127)
- Receivables within one year +€43,204
up €43,204 (+152%), from €28,435 to €71,639
of which Other amounts receivable: +€41,389
- Other debts +€68,614
up €68,614 (+34.8%), from €197,306 to €265,920
- Tax, wage and social debts -€9,549
down €9,549 (-37.5%), from €25,485 to €15,936
- Other operating charges +€24,696
up €24,696 (+3,746%), from €659 to €25,355
- Taxes -€16,172
down €16,172 (-23.2%), from €69,783 to €53,611
- Gross operating margin -€6,884
down €6,884 (-2.8%), from €247,683 to €240,799
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 | €337,209 | €395,162 | +€57,953 | +17.2% |
| Fixed assets | 21/28 | €1,858 | €215,353 | +€213,494 | +11,490% |
| Tangible fixed assets | 22/27 | €1,858 | €215,353 | +€213,494 | +11,490% |
| Land and buildings | 22 | - | €214,119 | +€214,119 | |
| Furniture and vehicles | 24 | €1,858 | €1,233 | -€625 | -33.6% |
| Current assets | 29/58 | €335,351 | €179,810 | -€155,542 | -46.4% |
| Amounts receivable within one year | 40/41 | €28,435 | €71,639 | +€43,204 | +152% |
| Trade receivables | 40 | €28,435 | €30,250 | +€1,815 | +6.4% |
| Other amounts receivable | 41 | - | €41,389 | +€41,389 | |
| Cash at bank and in hand | 54/58 | €306,642 | €107,705 | -€198,937 | -64.9% |
| Deferred charges and accrued income | 490/1 | €274 | €466 | +€192 | +70.0% |
| Total equity and liabilities | 10/49 | €337,209 | €395,162 | +€57,953 | +17.2% |
| Equity | 10/15 | €112,254 | €112,254 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €92,254 | €92,254 | = | 0.0% |
| Distributable reserves | 133 | €92,254 | €92,254 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €224,956 | €282,909 | +€57,953 | +25.8% |
| Amounts payable within one year | 42/48 | €224,956 | €282,909 | +€57,953 | +25.8% |
| Trade debts | 44 | €2,165 | €1,053 | -€1,112 | -51.4% |
| Suppliers | 440/4 | €2,165 | €1,053 | -€1,112 | -51.4% |
| Taxes, remuneration and social security | 45 | €25,485 | €15,936 | -€9,549 | -37.5% |
| Taxes | 450/3 | €25,485 | €15,936 | -€9,549 | -37.5% |
| Other amounts payable | 47/48 | €197,306 | €265,920 | +€68,614 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17 | €2,265 | +€2,248 | +13,159% |
| Other operating charges | 640/8 | €659 | €25,355 | +€24,696 | +3,746% |
| Gross operating margin | 9900 | €247,683 | €240,799 | -€6,884 | -2.8% |
| Operating profit (loss) | 9901 | €247,007 | €213,180 | -€33,827 | -13.7% |
| Financial charges | 65/66B | €236 | €441 | +€205 | +87.0% |
| Recurring financial charges | 65 | €236 | €441 | +€205 | +87.0% |
| Profit (loss) for the period before taxes | 9903 | €246,771 | €212,738 | -€34,033 | -13.8% |
| Income taxes | 67/77 | €69,783 | €53,611 | -€16,172 | -23.2% |
| Profit (loss) for the period | 9904 | €176,988 | €159,127 | -€17,861 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €176,988 | €159,127 | -€17,861 | -10.1% |
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 21 October 2026 via checked.be.