KIAMED: 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.
KIAMED
Largest movements
- Intangible fixed assets -€181,410
down €181,410 (-100.0%), from €181,410 to €0
- Cash +€44,282
up €44,282 (+112.4%), from €39,396 to €83,678
mainly Net result for the year (+€157,002) and Investment in fixed assets (net) (+€148,410)
- Deferred charges and accrued income +€39,572
up €39,572 (+101.7%), from €38,922 to €78,494
- Tangible fixed assets -€20,112
down €20,112 (-32.1%), from €62,571 to €42,460
of which Furniture and vehicles: -€18,182
- Other debts -€234,706
down €234,706 (-79.0%), from €297,228 to €62,521
- Reserves +€156,000
new in 2025: €156,000
- Current portion of long-term debt -€39,454
no longer reported in 2025 (was €39,454)
- Gross operating margin +€47,561
up €47,561 (+12.0%), from €395,044 to €442,605
- Financial income -€5,654
down €5,654 (-89.5%), from €6,317 to €663
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 | €342,299 | €226,294 | -€116,006 | -33.9% |
| Fixed assets | 21/28 | €243,981 | €42,460 | -€201,522 | -82.6% |
| Intangible fixed assets | 21 | €181,410 | €0 | -€181,410 | -100.0% |
| Tangible fixed assets | 22/27 | €62,571 | €42,460 | -€20,112 | -32.1% |
| Plant, machinery and equipment | 23 | €3,047 | €1,117 | -€1,930 | -63.3% |
| Furniture and vehicles | 24 | €59,524 | €41,343 | -€18,182 | -30.5% |
| Current assets | 29/58 | €98,318 | €183,834 | +€85,516 | +87.0% |
| Amounts receivable within one year | 40/41 | €20,000 | €21,662 | +€1,662 | +8.3% |
| Other amounts receivable | 41 | €20,000 | €21,662 | +€1,662 | +8.3% |
| Cash at bank and in hand | 54/58 | €39,396 | €83,678 | +€44,282 | +112.4% |
| Deferred charges and accrued income | 490/1 | €38,922 | €78,494 | +€39,572 | +101.7% |
| Total equity and liabilities | 10/49 | €342,299 | €226,294 | -€116,006 | -33.9% |
| Equity | 10/15 | €4,977 | €161,979 | +€157,002 | +3154.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €156,000 | +€156,000 | |
| Distributable reserves | 133 | - | €156,000 | +€156,000 | |
| Profit (loss) carried forward | 14 | €977 | €1,979 | +€1,002 | +102.5% |
| Amounts payable | 17/49 | €337,322 | €64,314 | -€273,008 | -80.9% |
| Amounts payable within one year | 42/48 | €337,322 | €64,314 | -€273,008 | -80.9% |
| Current portion of amounts payable after more than one year | 42 | €39,454 | - | -€39,454 | |
| Trade debts | 44 | €640 | €1,793 | +€1,153 | +180.1% |
| Suppliers | 440/4 | €640 | €1,793 | +€1,153 | +180.1% |
| Other amounts payable | 47/48 | €297,228 | €62,521 | -€234,706 | -79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,390 | €53,112 | -€279 | -0.5% |
| Other operating charges | 640/8 | €2,753 | €2,020 | -€733 | -26.6% |
| Non-recurring operating charges | 66A | - | €148,410 | +€148,410 | |
| Gross operating margin | 9900 | €395,044 | €442,605 | +€47,561 | +12.0% |
| Operating profit (loss) | 9901 | €338,900 | €239,063 | -€99,838 | -29.5% |
| Financial income | 75/76B | €6,317 | €663 | -€5,654 | -89.5% |
| Recurring financial income | 75 | €6,317 | €663 | -€5,654 | -89.5% |
| Financial charges | 65/66B | €1,757 | €1,164 | -€593 | -33.7% |
| Recurring financial charges | 65 | €1,757 | €1,164 | -€593 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €343,460 | €238,562 | -€104,899 | -30.5% |
| Income taxes | 67/77 | €80,446 | €81,560 | +€1,114 | +1.4% |
| Profit (loss) for the period | 9904 | €263,015 | €157,002 | -€106,013 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €263,015 | €157,002 | -€106,013 | -40.3% |
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 30 September 2026 via checked.be.