KIELIM: 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.
KIELIM
Largest movements
- Tangible fixed assets -€23,829
down €23,829 (-8.2%), from €290,710 to €266,880
of which Land and buildings: -€22,664
- Reserves -€19,669
down €19,669 (-11.1%), from €177,547 to €157,879
of which Distributable reserves: -€19,669
- Other debts -€5,627
down €5,627 (-17.7%), from €31,742 to €26,115
- Other operating charges +€2,910
up €2,910 (+29.0%), from €10,030 to €12,940
- Depreciation +€2,351
up €2,351 (+5.9%), from €39,564 to €41,915
- Gross operating margin +€2,083
up €2,083 (+3.7%), from €57,000 to €59,083
- Taxes -€1,074
down €1,074 (-38.8%), from €2,765 to €1,692
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 | €419,540 | €394,097 | -€25,443 | -6.1% |
| Fixed assets | 21/28 | €290,710 | €266,880 | -€23,829 | -8.2% |
| Tangible fixed assets | 22/27 | €290,710 | €266,880 | -€23,829 | -8.2% |
| Land and buildings | 22 | €289,428 | €266,763 | -€22,664 | -7.8% |
| Plant, machinery and equipment | 23 | €498 | €0 | -€498 | -100.0% |
| Furniture and vehicles | 24 | €783 | €117 | -€666 | -85.1% |
| Current assets | 29/58 | €128,830 | €127,217 | -€1,614 | -1.3% |
| Amounts receivable within one year | 40/41 | €12,767 | €13,148 | +€381 | +3.0% |
| Trade receivables | 40 | €1,951 | €1,436 | -€514 | -26.4% |
| Other amounts receivable | 41 | €10,816 | €11,711 | +€895 | +8.3% |
| Cash at bank and in hand | 54/58 | €115,485 | €113,463 | -€2,022 | -1.8% |
| Deferred charges and accrued income | 490/1 | €579 | €607 | +€28 | +4.8% |
| Total equity and liabilities | 10/49 | €419,540 | €394,097 | -€25,443 | -6.1% |
| Equity | 10/15 | €384,638 | €364,969 | -€19,669 | -5.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €177,547 | €157,879 | -€19,669 | -11.1% |
| Non-distributable reserves | 130/1 | €26,153 | €26,153 | = | 0.0% |
| Legal reserve | 130 | €26,153 | €26,153 | = | 0.0% |
| Tax-exempt reserves | 132 | €576 | €576 | = | 0.0% |
| Distributable reserves | 133 | €150,819 | €131,150 | -€19,669 | -13.0% |
| Profit (loss) carried forward | 14 | €7,090 | €7,090 | = | 0.0% |
| Amounts payable | 17/49 | €34,903 | €29,128 | -€5,774 | -16.5% |
| Amounts payable within one year | 42/48 | €32,919 | €27,128 | -€5,791 | -17.6% |
| Trade debts | 44 | €830 | €619 | -€211 | -25.4% |
| Suppliers | 440/4 | €830 | €619 | -€211 | -25.4% |
| Taxes, remuneration and social security | 45 | €347 | €394 | +€47 | +13.5% |
| Taxes | 450/3 | €347 | €394 | +€47 | +13.5% |
| Other amounts payable | 47/48 | €31,742 | €26,115 | -€5,627 | -17.7% |
| Accrued charges and deferred income | 492/3 | €1,983 | €2,000 | +€17 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,564 | €41,915 | +€2,351 | +5.9% |
| Other operating charges | 640/8 | €10,030 | €12,940 | +€2,910 | +29.0% |
| Gross operating margin | 9900 | €57,000 | €59,083 | +€2,083 | +3.7% |
| Operating profit (loss) | 9901 | €7,407 | €4,229 | -€3,178 | -42.9% |
| Financial income | 75/76B | €293 | €303 | +€10 | +3.4% |
| Recurring financial income | 75 | €293 | €303 | +€10 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €7,700 | €4,532 | -€3,168 | -41.1% |
| Income taxes | 67/77 | €2,765 | €1,692 | -€1,074 | -38.8% |
| Profit (loss) for the period | 9904 | €4,935 | €2,840 | -€2,095 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,935 | €2,840 | -€2,095 | -42.4% |
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 9 October 2026 via checked.be.