KIEM VZW: 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.
KIEM VZW
Largest movements
- Cash +€13,954
up €13,954 (+54.4%), from €25,630 to €39,584
mainly Trade debts (+€8,840) and Tax, wage and social debts (+€8,487)
- Trade debts +€8,840
up €8,840 (+72.6%), from €12,173 to €21,014
- Tax, wage and social debts +€8,487
up €8,487 (+331%), from €2,564 to €11,051
- Advances received -€3,328
down €3,328 (-14.1%), from €23,585 to €20,257
- Gross operating margin -€358
down €358, from €171 to -€187
- Financial charges +€39
up €39, from €0 to €39
- Financial income -€28
down €28 (-100%), from €28 to €0
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 | €39,050 | €52,824 | +€13,774 | +35.3% |
| Current assets | 29/58 | €39,050 | €52,824 | +€13,774 | +35.3% |
| Amounts receivable within one year | 40/41 | €13,420 | €13,240 | -€180 | -1.3% |
| Trade receivables | 40 | €13,420 | €13,240 | -€180 | -1.3% |
| Cash at bank and in hand | 54/58 | €25,630 | €39,584 | +€13,954 | +54.4% |
| Total equity and liabilities | 10/49 | €39,050 | €52,824 | +€13,774 | +35.3% |
| Equity | 10/15 | €727 | €502 | -€225 | -31.0% |
| Profit (loss) carried forward | 14 | €727 | €502 | -€225 | -31.0% |
| Amounts payable | 17/49 | €38,323 | €52,322 | +€13,999 | +36.5% |
| Amounts payable within one year | 42/48 | €38,323 | €52,322 | +€13,999 | +36.5% |
| Trade debts | 44 | €12,173 | €21,014 | +€8,840 | +72.6% |
| Suppliers | 440/4 | €12,173 | €21,014 | +€8,840 | +72.6% |
| Advances received on contracts in progress | 46 | €23,585 | €20,257 | -€3,328 | -14.1% |
| Taxes, remuneration and social security | 45 | €2,564 | €11,051 | +€8,487 | +331% |
| Taxes | 450/3 | €2,564 | €11,051 | +€8,487 | +331% |
| Gross operating margin | 9900 | €171 | -€187 | -€358 | |
| Operating profit (loss) | 9901 | €171 | -€187 | -€358 | |
| Financial income | 75/76B | €28 | €0 | -€28 | -100% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -100% |
| Financial charges | 65/66B | €0 | €39 | +€39 | |
| Recurring financial charges | 65 | €0 | €39 | +€39 | |
| Profit (loss) for the period before taxes | 9903 | €199 | -€225 | -€425 | |
| Profit (loss) for the period | 9904 | €199 | -€225 | -€425 | |
| Profit (loss) for the period to be appropriated | 9905 | €199 | -€225 | -€425 |
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 19 October 2026 via checked.be.