Kick It Off: 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 It Off
Largest movements
- Receivables within one year +€116,702
up €116,702 (+301.2%), from €38,750 to €155,453
of which Trade receivables: +€113,578
- Cash -€21,339
down €21,339 (-10.4%), from €205,705 to €184,366
mainly Receivables within one year (-€116,702) and Tax, wage and social debts (-€6,474)
- Tangible fixed assets -€4,395
down €4,395 (-47.8%), from €9,196 to €4,801
- Trade debts +€65,722
up €65,722 (+285.5%), from €23,018 to €88,740
- Profit (loss) carried forward +€33,620
up €33,620 (+15.2%), from €221,090 to €254,710
- Tax, wage and social debts -€6,474
no longer reported in 2025 (was €6,474)
- Gross operating margin -€9,259
down €9,259 (-15.9%), from €58,138 to €48,879
- Taxes -€2,282
down €2,282 (-16.6%), from €13,753 to €11,470
- Financial income +€1,642
up €1,642 (+520.1%), from €316 to €1,958
- Other operating charges +€914
up €914 (+307.2%), from €298 to €1,212
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 | €253,651 | €346,519 | +€92,868 | +36.6% |
| Fixed assets | 21/28 | €9,196 | €4,801 | -€4,395 | -47.8% |
| Tangible fixed assets | 22/27 | €9,196 | €4,801 | -€4,395 | -47.8% |
| Furniture and vehicles | 24 | €9,196 | €4,801 | -€4,395 | -47.8% |
| Current assets | 29/58 | €244,455 | €341,718 | +€97,263 | +39.8% |
| Amounts receivable within one year | 40/41 | €38,750 | €155,453 | +€116,702 | +301.2% |
| Trade receivables | 40 | €23,908 | €137,486 | +€113,578 | +475.1% |
| Other amounts receivable | 41 | €14,843 | €17,967 | +€3,124 | +21.0% |
| Cash at bank and in hand | 54/58 | €205,705 | €184,366 | -€21,339 | -10.4% |
| Deferred charges and accrued income | 490/1 | - | €1,900 | +€1,900 | |
| Total equity and liabilities | 10/49 | €253,651 | €346,519 | +€92,868 | +36.6% |
| Equity | 10/15 | €222,090 | €255,710 | +€33,620 | +15.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €221,090 | €254,710 | +€33,620 | +15.2% |
| Amounts payable | 17/49 | €31,561 | €90,809 | +€59,248 | +187.7% |
| Amounts payable after more than one year | 17 | €2,069 | €2,069 | = | 0.0% |
| Other amounts payable | 178/9 | €2,069 | €2,069 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,492 | €88,740 | +€59,248 | +200.9% |
| Trade debts | 44 | €23,018 | €88,740 | +€65,722 | +285.5% |
| Suppliers | 440/4 | €23,018 | €88,740 | +€65,722 | +285.5% |
| Taxes, remuneration and social security | 45 | €6,474 | - | -€6,474 | |
| Taxes | 450/3 | €6,474 | - | -€6,474 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,476 | €4,395 | -€82 | -1.8% |
| Other operating charges | 640/8 | €298 | €1,212 | +€914 | +307.2% |
| Gross operating margin | 9900 | €58,138 | €48,879 | -€9,259 | -15.9% |
| Operating profit (loss) | 9901 | €53,364 | €43,272 | -€10,092 | -18.9% |
| Financial income | 75/76B | €316 | €1,958 | +€1,642 | +520.1% |
| Recurring financial income | 75 | €316 | €1,958 | +€1,642 | +520.1% |
| Financial charges | 65/66B | €146 | €140 | -€6 | -4.0% |
| Recurring financial charges | 65 | €146 | €140 | -€6 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €53,534 | €45,090 | -€8,444 | -15.8% |
| Income taxes | 67/77 | €13,753 | €11,470 | -€2,282 | -16.6% |
| Profit (loss) for the period | 9904 | €39,781 | €33,620 | -€6,161 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,781 | €33,620 | -€6,161 | -15.5% |
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 10 October 2026 via checked.be.