KICK: 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.
KICK
Largest movements
- Tangible fixed assets +€260,810
up €260,810 (+24.3%), from €1.1m to €1.3m
of which Plant, machinery and equipment: +€261,267
- Cash -€76,264
down €76,264 (-54.2%), from €140,656 to €64,391
mainly Investment in fixed assets (net) (-€498,744) and Short-term financial debts (-€90,648)
- Receivables within one year -€52,058
down €52,058 (-35.7%), from €145,772 to €93,714
of which Trade receivables: -€58,916
- Financial fixed assets -€28,350
down €28,350 (-100%), from €28,350 to €0
- Intangible fixed assets +€22,475
up €22,475 (+9.7%), from €231,052 to €253,527
- Short-term financial debts -€90,648
down €90,648 (-90.0%), from €100,739 to €10,091
- Current portion of long-term debt +€78,029
up €78,029 (+32.4%), from €240,754 to €318,783
- Profit (loss) carried forward +€72,184
up €72,184 (+26.4%), from €273,450 to €345,634
- Debts after one year +€69,314
up €69,314 (+17.1%), from €404,431 to €473,745
- Gross operating margin +€111,479
up €111,479 (+21.9%), from €507,888 to €619,368
- Staff costs +€55,977
up €55,977 (+29.7%), from €188,479 to €244,456
- Depreciation +€54,963
up €54,963 (+29.1%), from €188,846 to €243,808
- Financial charges +€10,801
up €10,801 (+64.3%), from €16,789 to €27,591
- Taxes +€6,371
up €6,371 (+23.8%), from €26,791 to €33,162
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 | €1,636,973 | €1,746,650 | +€109,677 | +6.7% |
| Fixed assets | 21/28 | €1,333,449 | €1,588,385 | +€254,935 | +19.1% |
| Intangible fixed assets | 21 | €231,052 | €253,527 | +€22,475 | +9.7% |
| Tangible fixed assets | 22/27 | €1,074,047 | €1,334,857 | +€260,810 | +24.3% |
| Plant, machinery and equipment | 23 | €1,072,693 | €1,333,960 | +€261,267 | +24.4% |
| Furniture and vehicles | 24 | €1,354 | €897 | -€457 | -33.7% |
| Financial fixed assets | 28 | €28,350 | €0 | -€28,350 | -100% |
| Current assets | 29/58 | €303,524 | €158,265 | -€145,259 | -47.9% |
| Amounts receivable within one year | 40/41 | €145,772 | €93,714 | -€52,058 | -35.7% |
| Trade receivables | 40 | €116,834 | €57,919 | -€58,916 | -50.4% |
| Other amounts receivable | 41 | €28,937 | €35,795 | +€6,857 | +23.7% |
| Cash at bank and in hand | 54/58 | €140,656 | €64,391 | -€76,264 | -54.2% |
| Deferred charges and accrued income | 490/1 | €17,096 | €160 | -€16,936 | -99.1% |
| Total equity and liabilities | 10/49 | €1,636,973 | €1,746,650 | +€109,677 | +6.7% |
| Equity | 10/15 | €491,850 | €564,034 | +€72,184 | +14.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €168,400 | €168,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €168,400 | €168,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,450 | €345,634 | +€72,184 | +26.4% |
| Amounts payable | 17/49 | €1,145,123 | €1,182,616 | +€37,492 | +3.3% |
| Amounts payable after more than one year | 17 | €404,431 | €473,745 | +€69,314 | +17.1% |
| Financial debts | 170/4 | €404,431 | €473,745 | +€69,314 | +17.1% |
| Amounts payable within one year | 42/48 | €737,074 | €708,871 | -€28,203 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €240,754 | €318,783 | +€78,029 | +32.4% |
| Financial debts | 43 | €100,739 | €10,091 | -€90,648 | -90.0% |
| Credit institutions | 430/8 | €100,739 | €10,091 | -€90,648 | -90.0% |
| Trade debts | 44 | €37,328 | €25,385 | -€11,943 | -32.0% |
| Suppliers | 440/4 | €37,328 | €25,385 | -€11,943 | -32.0% |
| Taxes, remuneration and social security | 45 | €43,527 | €40,115 | -€3,413 | -7.8% |
| Taxes | 450/3 | €22,793 | €15,687 | -€7,107 | -31.2% |
| Remuneration and social security | 454/9 | €20,734 | €24,428 | +€3,694 | +17.8% |
| Other amounts payable | 47/48 | €314,726 | €314,497 | -€229 | -0.1% |
| Accrued charges and deferred income | 492/3 | €3,618 | €0 | -€3,618 | -100% |
| Remuneration, social security and pensions | 62 | €188,479 | €244,456 | +€55,977 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,846 | €243,808 | +€54,963 | +29.1% |
| Other operating charges | 640/8 | €1,076 | €1,502 | +€426 | +39.6% |
| Gross operating margin | 9900 | €507,888 | €619,368 | +€111,479 | +21.9% |
| Operating profit (loss) | 9901 | €129,487 | €129,601 | +€114 | +0.1% |
| Financial income | 75/76B | €315 | €3,335 | +€3,020 | +957% |
| Recurring financial income | 75 | €315 | €3,335 | +€3,020 | +957% |
| Financial charges | 65/66B | €16,789 | €27,591 | +€10,801 | +64.3% |
| Recurring financial charges | 65 | €16,789 | €27,591 | +€10,801 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | €113,013 | €105,346 | -€7,667 | -6.8% |
| Income taxes | 67/77 | €26,791 | €33,162 | +€6,371 | +23.8% |
| Profit (loss) for the period | 9904 | €86,222 | €72,184 | -€14,038 | -16.3% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €0 | -€63,150 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €23,072 | €72,184 | +€49,112 | +213% |
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 13 October 2026 via checked.be.