KIALA: what changed
Two fiscal 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.
KIALA
Largest movements
- Receivables within one year +€582,975
up €582,975 (+2.3%), from €25.9m to €26.5m
of which Other amounts receivable: +€692,442
- Profit (loss) carried forward +€613,953
up €613,953 (+1.2%), from -€50.6m to -€49.9m
- Gross operating margin -€45,644
down €45,644 (-56.4%), from -€80,866 to -€126,510
- Financial income -€19,145
down €19,145 (-2.3%), from €844,398 to €825,253
- Financial charges -€6,577
down €6,577 (-59.7%), from €11,022 to €4,445
- Other operating charges +€1,379
up €1,379 (+42.5%), from €3,244 to €4,623
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 | €25,870,111 | €26,471,394 | +€601,283 | +2.3% |
| Current assets | 29/58 | €25,870,111 | €26,471,394 | +€601,283 | +2.3% |
| Amounts receivable within one year | 40/41 | €25,870,111 | €26,453,086 | +€582,975 | +2.3% |
| Trade receivables | 40 | €112,142 | €2,675 | -€109,467 | -97.6% |
| Other amounts receivable | 41 | €25,757,969 | €26,450,411 | +€692,442 | +2.7% |
| Cash at bank and in hand | 54/58 | - | €18,308 | +€18,308 | |
| Total equity and liabilities | 10/49 | €25,870,111 | €26,471,394 | +€601,283 | +2.3% |
| Equity | 10/15 | €25,752,781 | €26,366,734 | +€613,953 | +2.4% |
| Contributions | 10/11 | €76,309,877 | €76,309,877 | = | 0.0% |
| Capital | 10 | €11,554,299 | €11,554,299 | = | 0.0% |
| Issued capital | 100 | €11,554,299 | €11,554,299 | = | 0.0% |
| Outside capital | 11 | €64,755,578 | €64,755,578 | = | 0.0% |
| Share premium | 1100/10 | €64,755,578 | €64,755,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,557,096 | -€49,943,143 | +€613,953 | +1.2% |
| Amounts payable | 17/49 | €117,330 | €104,660 | -€12,670 | -10.8% |
| Amounts payable within one year | 42/48 | €117,330 | €104,660 | -€12,670 | -10.8% |
| Trade debts | 44 | €102,128 | €103,196 | +€1,068 | +1.0% |
| Suppliers | 440/4 | €102,128 | €103,196 | +€1,068 | +1.0% |
| Other amounts payable | 47/48 | €15,202 | €1,464 | -€13,738 | -90.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €3,244 | €4,623 | +€1,379 | +42.5% |
| Non-recurring operating charges | 66A | - | €75,721 | +€75,721 | |
| Gross operating margin | 9900 | -€80,866 | -€126,510 | -€45,644 | -56.4% |
| Operating profit (loss) | 9901 | -€84,109 | -€206,854 | -€122,745 | -145.9% |
| Financial income | 75/76B | €844,398 | €825,253 | -€19,145 | -2.3% |
| Recurring financial income | 75 | €844,398 | €825,253 | -€19,145 | -2.3% |
| Financial charges | 65/66B | €11,022 | €4,445 | -€6,577 | -59.7% |
| Recurring financial charges | 65 | €11,022 | €4,445 | -€6,577 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €749,266 | €613,953 | -€135,313 | -18.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €749,266 | €613,953 | -€135,313 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €749,266 | €613,953 | -€135,313 | -18.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.