KiCoMa: 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.
KiCoMa
Largest movements
- Cash -€36,914
down €36,914 (-53.7%), from €68,724 to €31,810
mainly Debts after one year (-€32,913) and Current investments (-€26,063)
- Current investments +€26,063
up €26,063 (+130%), from €20,011 to €46,074
- Receivables within one year +€15,154
new in 2025: €15,154
of which Other amounts receivable: +€15,000
- Reserves +€37,193
up €37,193 (+35.6%), from €104,382 to €141,576
- Debts after one year -€32,913
down €32,913 (-41.6%), from €79,186 to €46,272
- Tax, wage and social debts -€7,459
down €7,459 (-12.8%), from €58,204 to €50,745
- Other debts +€4,003
up €4,003 (+197%), from €2,037 to €6,040
- Gross operating margin -€17,389
down €17,389 (-19.7%), from €88,352 to €70,963
- Taxes -€5,199
down €5,199 (-21.7%), from €23,995 to €18,797
- Financial charges -€1,569
down €1,569 (-25.8%), from €6,080 to €4,512
- Depreciation +€1,020
up €1,020 (+16.6%), from €6,147 to €7,167
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 | €293,161 | €296,404 | +€3,243 | +1.1% |
| Formation expenses | 20 | €1,389 | €913 | -€476 | -34.3% |
| Fixed assets | 21/28 | €203,036 | €202,452 | -€584 | -0.3% |
| Tangible fixed assets | 22/27 | €18,636 | €18,052 | -€584 | -3.1% |
| Land and buildings | 22 | - | €3,222 | +€3,222 | |
| Plant, machinery and equipment | 23 | €1,117 | €804 | -€313 | -28.0% |
| Furniture and vehicles | 24 | €17,519 | €14,027 | -€3,493 | -19.9% |
| Financial fixed assets | 28 | €184,400 | €184,400 | = | 0.0% |
| Current assets | 29/58 | €88,736 | €93,039 | +€4,303 | +4.8% |
| Amounts receivable within one year | 40/41 | - | €15,154 | +€15,154 | |
| Trade receivables | 40 | - | €154 | +€154 | |
| Other amounts receivable | 41 | - | €15,000 | +€15,000 | |
| Current investments | 50/53 | €20,011 | €46,074 | +€26,063 | +130% |
| Cash at bank and in hand | 54/58 | €68,724 | €31,810 | -€36,914 | -53.7% |
| Total equity and liabilities | 10/49 | €293,161 | €296,404 | +€3,243 | +1.1% |
| Equity | 10/15 | €119,382 | €156,576 | +€37,193 | +31.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €104,382 | €141,576 | +€37,193 | +35.6% |
| Distributable reserves | 133 | €104,382 | €141,576 | +€37,193 | +35.6% |
| Amounts payable | 17/49 | €173,778 | €139,828 | -€33,950 | -19.5% |
| Amounts payable after more than one year | 17 | €79,186 | €46,272 | -€32,913 | -41.6% |
| Financial debts | 170/4 | €79,186 | €46,272 | -€32,913 | -41.6% |
| Amounts payable within one year | 42/48 | €94,593 | €93,556 | -€1,037 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €31,456 | €32,914 | +€1,458 | +4.6% |
| Trade debts | 44 | €2,895 | €3,857 | +€962 | +33.2% |
| Suppliers | 440/4 | €2,895 | €3,857 | +€962 | +33.2% |
| Taxes, remuneration and social security | 45 | €58,204 | €50,745 | -€7,459 | -12.8% |
| Taxes | 450/3 | €58,204 | €50,745 | -€7,459 | -12.8% |
| Other amounts payable | 47/48 | €2,037 | €6,040 | +€4,003 | +197% |
| Remuneration, social security and pensions | 62 | €3,450 | €3,060 | -€390 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,147 | €7,167 | +€1,020 | +16.6% |
| Other operating charges | 640/8 | €170 | €613 | +€443 | +261% |
| Gross operating margin | 9900 | €88,352 | €70,963 | -€17,389 | -19.7% |
| Operating profit (loss) | 9901 | €78,585 | €60,123 | -€18,462 | -23.5% |
| Financial income | 75/76B | €16 | €379 | +€362 | +2,210% |
| Recurring financial income | 75 | €16 | €379 | +€362 | +2,210% |
| Financial charges | 65/66B | €6,080 | €4,512 | -€1,569 | -25.8% |
| Recurring financial charges | 65 | €6,080 | €4,512 | -€1,569 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €72,521 | €55,990 | -€16,531 | -22.8% |
| Income taxes | 67/77 | €23,995 | €18,797 | -€5,199 | -21.7% |
| Profit (loss) for the period | 9904 | €48,526 | €37,193 | -€11,333 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,526 | €37,193 | -€11,333 | -23.4% |
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 29 October 2026 via checked.be.