KIEBAS: 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.
KIEBAS
Largest movements
- Cash -€64,045
down €64,045 (-44.0%), from €145,577 to €81,532
mainly Other debts (-€49,543) and Trade debts (-€18,721)
- Tangible fixed assets -€8,849
down €8,849 (-17.4%), from €50,817 to €41,967
- Stocks and contracts -€7,788
down €7,788 (-78.2%), from €9,961 to €2,174
- Receivables within one year -€7,209
down €7,209 (-40.8%), from €17,658 to €10,449
of which Other amounts receivable: -€9,749
- Other debts -€49,543
down €49,543 (-97.2%), from €50,973 to €1,430
- Trade debts -€18,721
down €18,721 (-26.0%), from €72,030 to €53,309
- Debts after one year -€8,504
down €8,504 (-26.0%), from €32,646 to €24,142
- Profit (loss) carried forward -€7,817
down €7,817, from €0 to -€7,817
- Tax, wage and social debts -€3,450
down €3,450 (-100.0%), from €3,450 to €0
of which Taxes: -€2,345
- Gross operating margin -€27,029
down €27,029 (-30.5%), from €88,477 to €61,448
- Staff costs -€9,809
down €9,809 (-16.7%), from €58,833 to €49,024
- Depreciation -€3,434
down €3,434 (-17.5%), from €19,607 to €16,173
- Taxes -€1,753
down €1,753 (-99.6%), from €1,760 to €7
- Financial charges -€1,571
down €1,571 (-44.0%), from €3,570 to €1,999
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 | €224,013 | €136,122 | -€87,891 | -39.2% |
| Fixed assets | 21/28 | €50,817 | €41,967 | -€8,849 | -17.4% |
| Tangible fixed assets | 22/27 | €50,817 | €41,967 | -€8,849 | -17.4% |
| Plant, machinery and equipment | 23 | €7,936 | €5,403 | -€2,532 | -31.9% |
| Furniture and vehicles | 24 | €5,019 | €3,059 | -€1,960 | -39.0% |
| Other tangible fixed assets | 26 | €37,862 | €33,505 | -€4,357 | -11.5% |
| Current assets | 29/58 | €173,197 | €94,155 | -€79,042 | -45.6% |
| Stocks and contracts in progress | 3 | €9,961 | €2,174 | -€7,788 | -78.2% |
| Stocks | 30/36 | €9,961 | €2,174 | -€7,788 | -78.2% |
| Amounts receivable within one year | 40/41 | €17,658 | €10,449 | -€7,209 | -40.8% |
| Trade receivables | 40 | €1,153 | €3,693 | +€2,540 | +220.3% |
| Other amounts receivable | 41 | €16,505 | €6,756 | -€9,749 | -59.1% |
| Cash at bank and in hand | 54/58 | €145,577 | €81,532 | -€64,045 | -44.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €224,013 | €136,122 | -€87,891 | -39.2% |
| Equity | 10/15 | €56,515 | €48,698 | -€7,817 | -13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,915 | €37,915 | = | 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% |
| Distributable reserves | 133 | €36,055 | €36,055 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€7,817 | -€7,817 | |
| Amounts payable | 17/49 | €167,498 | €87,424 | -€80,074 | -47.8% |
| Amounts payable after more than one year | 17 | €32,646 | €24,142 | -€8,504 | -26.0% |
| Financial debts | 170/4 | €32,646 | €24,142 | -€8,504 | -26.0% |
| Amounts payable within one year | 42/48 | €134,853 | €63,282 | -€71,571 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €8,361 | €8,504 | +€143 | +1.7% |
| Trade debts | 44 | €72,030 | €53,309 | -€18,721 | -26.0% |
| Suppliers | 440/4 | €72,030 | €53,309 | -€18,721 | -26.0% |
| Advances received on contracts in progress | 46 | €40 | €40 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,450 | €0 | -€3,450 | -100.0% |
| Taxes | 450/3 | €2,345 | €0 | -€2,345 | -100.0% |
| Remuneration and social security | 454/9 | €1,105 | €0 | -€1,105 | -100.0% |
| Other amounts payable | 47/48 | €50,973 | €1,430 | -€49,543 | -97.2% |
| Remuneration, social security and pensions | 62 | €58,833 | €49,024 | -€9,809 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,607 | €16,173 | -€3,434 | -17.5% |
| Other operating charges | 640/8 | €1,253 | €2,088 | +€835 | +66.7% |
| Gross operating margin | 9900 | €88,477 | €61,448 | -€27,029 | -30.5% |
| Operating profit (loss) | 9901 | €8,784 | -€5,838 | -€14,621 | |
| Financial income | 75/76B | €7 | €27 | +€20 | +287.7% |
| Recurring financial income | 75 | €7 | €27 | +€20 | +287.7% |
| Financial charges | 65/66B | €3,570 | €1,999 | -€1,571 | -44.0% |
| Recurring financial charges | 65 | €3,570 | €1,999 | -€1,571 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €5,221 | -€7,810 | -€13,031 | |
| Income taxes | 67/77 | €1,760 | €7 | -€1,753 | -99.6% |
| Profit (loss) for the period | 9904 | €3,461 | -€7,817 | -€11,278 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,461 | -€7,817 | -€11,278 |
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 7 October 2026 via checked.be.