KIATHO: 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.
KIATHO
Largest movements
- Cash +€9,516
up €9,516 (+141.8%), from €6,713 to €16,229
mainly Net result for the year (+€30,570) and Trade debts (+€14,414)
- Tangible fixed assets +€5,996
up €5,996 (+94.9%), from €6,315 to €12,311
of which Other tangible fixed assets: +€5,083
- Receivables within one year +€4,620
up €4,620 (+763.6%), from €605 to €5,226
- Deferred charges and accrued income +€1,760
new in 2023: €1,760
- Profit (loss) carried forward +€30,570
up €30,570 (+75.0%), from -€40,784 to -€10,214
- Trade debts +€14,414
up €14,414 (+169.3%), from €8,513 to €22,927
- Other debts -€13,345
down €13,345 (-45.0%), from €29,656 to €16,311
- Current portion of long-term debt -€11,327
no longer reported in 2023 (was €11,327)
- Tax, wage and social debts +€1,760
up €1,760 (+23.6%), from €7,447 to €9,208
of which Remuneration and social security: +€2,331
- Gross operating margin +€9,620
up €9,620 (+25.8%), from €37,301 to €46,922
- Other operating charges -€1,905
down €1,905 (-92.7%), from €2,054 to €149
- Staff costs +€1,341
up €1,341 (+11.8%), from €11,360 to €12,701
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,115 | €54,007 | +€21,892 | +68.2% |
| Fixed assets | 21/28 | €10,415 | €16,411 | +€5,996 | +57.6% |
| Tangible fixed assets | 22/27 | €6,315 | €12,311 | +€5,996 | +94.9% |
| Plant, machinery and equipment | 23 | €5,292 | €6,685 | +€1,392 | +26.3% |
| Furniture and vehicles | 24 | €1,023 | €544 | -€479 | -46.9% |
| Other tangible fixed assets | 26 | - | €5,083 | +€5,083 | |
| Financial fixed assets | 28 | €4,100 | €4,100 | = | 0.0% |
| Current assets | 29/58 | €21,700 | €37,596 | +€15,896 | +73.3% |
| Stocks and contracts in progress | 3 | €14,382 | €14,382 | = | 0.0% |
| Stocks | 30/36 | €14,382 | €14,382 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €605 | €5,226 | +€4,620 | +763.6% |
| Other amounts receivable | 41 | €605 | €5,226 | +€4,620 | +763.6% |
| Cash at bank and in hand | 54/58 | €6,713 | €16,229 | +€9,516 | +141.8% |
| Deferred charges and accrued income | 490/1 | - | €1,760 | +€1,760 | |
| Total equity and liabilities | 10/49 | €32,115 | €54,007 | +€21,892 | +68.2% |
| Equity | 10/15 | -€32,724 | -€2,154 | +€30,570 | +93.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,784 | -€10,214 | +€30,570 | +75.0% |
| Amounts payable | 17/49 | €64,840 | €56,161 | -€8,678 | -13.4% |
| Amounts payable after more than one year | 17 | €7,510 | €7,715 | +€205 | +2.7% |
| Financial debts | 170/4 | €6,805 | €6,805 | = | 0.0% |
| Other amounts payable | 178/9 | €705 | €910 | +€205 | +29.1% |
| Amounts payable within one year | 42/48 | €56,944 | €48,446 | -€8,498 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €11,327 | - | -€11,327 | |
| Trade debts | 44 | €8,513 | €22,927 | +€14,414 | +169.3% |
| Suppliers | 440/4 | €8,513 | €22,927 | +€14,414 | +169.3% |
| Taxes, remuneration and social security | 45 | €7,447 | €9,208 | +€1,760 | +23.6% |
| Taxes | 450/3 | €3,571 | €3,000 | -€571 | -16.0% |
| Remuneration and social security | 454/9 | €3,877 | €6,208 | +€2,331 | +60.1% |
| Other amounts payable | 47/48 | €29,656 | €16,311 | -€13,345 | -45.0% |
| Accrued charges and deferred income | 492/3 | €385 | - | -€385 | |
| Remuneration, social security and pensions | 62 | €11,360 | €12,701 | +€1,341 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,151 | €2,246 | +€95 | +4.4% |
| Other operating charges | 640/8 | €2,054 | €149 | -€1,905 | -92.7% |
| Gross operating margin | 9900 | €37,301 | €46,922 | +€9,620 | +25.8% |
| Operating profit (loss) | 9901 | €21,736 | €31,825 | +€10,089 | +46.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,267 | €1,255 | -€12 | -0.9% |
| Recurring financial charges | 65 | €1,267 | €1,255 | -€12 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €20,469 | €30,570 | +€10,101 | +49.3% |
| Profit (loss) for the period | 9904 | €20,469 | €30,570 | +€10,101 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,469 | €30,570 | +€10,101 | +49.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.