Kiem-X: 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-X
Largest movements
- Tangible fixed assets +€15,830
up €15,830 (+2.7%), from €597,007 to €612,837
of which Assets under construction and advance payments: +€47,495
- Receivables within one year -€10,011
down €10,011 (-15.7%), from €63,675 to €53,664
of which Trade receivables: -€12,128
- Trade debts +€41,826
up €41,826 (+92.1%), from €45,401 to €87,227
- Debts after one year -€34,167
down €34,167 (-11.1%), from €306,458 to €272,291
- Other debts -€33,729
down €33,729 (-68.1%), from €49,499 to €15,770
- Profit (loss) carried forward +€29,750
up €29,750 (+66.5%), from -€44,732 to -€14,982
- Gross operating margin -€19,809
down €19,809 (-5.4%), from €368,550 to €348,741
- Staff costs -€9,229
down €9,229 (-3.7%), from €250,334 to €241,105
- Taxes +€8,550
up €8,550 (+481%), from €1,779 to €10,329
- Financial charges +€5,116
up €5,116 (+82.7%), from €6,186 to €11,302
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 | €763,583 | €772,728 | +€9,145 | +1.2% |
| Fixed assets | 21/28 | €597,007 | €612,837 | +€15,830 | +2.7% |
| Tangible fixed assets | 22/27 | €597,007 | €612,837 | +€15,830 | +2.7% |
| Land and buildings | 22 | €502,378 | €482,910 | -€19,467 | -3.9% |
| Plant, machinery and equipment | 23 | €94,629 | €82,432 | -€12,197 | -12.9% |
| Assets under construction and advance payments | 27 | - | €47,495 | +€47,495 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €166,576 | €159,891 | -€6,685 | -4.0% |
| Stocks and contracts in progress | 3 | €92,515 | €93,692 | +€1,177 | +1.3% |
| Stocks | 30/36 | €92,515 | €93,692 | +€1,177 | +1.3% |
| Amounts receivable within one year | 40/41 | €63,675 | €53,664 | -€10,011 | -15.7% |
| Trade receivables | 40 | €55,096 | €42,967 | -€12,128 | -22.0% |
| Other amounts receivable | 41 | €8,579 | €10,696 | +€2,117 | +24.7% |
| Cash at bank and in hand | 54/58 | €8,549 | €6,318 | -€2,231 | -26.1% |
| Deferred charges and accrued income | 490/1 | €1,837 | €6,217 | +€4,380 | +238% |
| Total equity and liabilities | 10/49 | €763,583 | €772,728 | +€9,145 | +1.2% |
| Equity | 10/15 | €316,638 | €346,388 | +€29,750 | +9.4% |
| Contributions | 10/11 | €361,370 | €361,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,732 | -€14,982 | +€29,750 | +66.5% |
| Amounts payable | 17/49 | €446,945 | €426,340 | -€20,605 | -4.6% |
| Amounts payable after more than one year | 17 | €306,458 | €272,291 | -€34,167 | -11.1% |
| Financial debts | 170/4 | €306,458 | €272,291 | -€34,167 | -11.1% |
| Amounts payable within one year | 42/48 | €140,476 | €153,951 | +€13,475 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €34,167 | €34,167 | = | 0.0% |
| Trade debts | 44 | €45,401 | €87,227 | +€41,826 | +92.1% |
| Suppliers | 440/4 | €45,401 | €87,227 | +€41,826 | +92.1% |
| Taxes, remuneration and social security | 45 | €11,410 | €16,787 | +€5,378 | +47.1% |
| Taxes | 450/3 | €3,689 | €8,948 | +€5,259 | +143% |
| Remuneration and social security | 454/9 | €7,720 | €7,839 | +€119 | +1.5% |
| Other amounts payable | 47/48 | €49,499 | €15,770 | -€33,729 | -68.1% |
| Accrued charges and deferred income | 492/3 | €10 | €97 | +€87 | +849% |
| Non-recurring operating income | 76A | €0 | €17,530 | +€17,530 | |
| Remuneration, social security and pensions | 62 | €250,334 | €241,105 | -€9,229 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,739 | €49,824 | +€2,084 | +4.4% |
| Other operating charges | 640/8 | €8,541 | €7,892 | -€649 | -7.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €368,550 | €348,741 | -€19,809 | -5.4% |
| Operating profit (loss) | 9901 | €61,935 | €49,919 | -€12,015 | -19.4% |
| Financial income | 75/76B | €3,054 | €1,461 | -€1,593 | -52.2% |
| Recurring financial income | 75 | €3,054 | €1,461 | -€1,593 | -52.2% |
| Financial charges | 65/66B | €6,186 | €11,302 | +€5,116 | +82.7% |
| Recurring financial charges | 65 | €6,186 | €11,302 | +€5,116 | +82.7% |
| Profit (loss) for the period before taxes | 9903 | €58,803 | €40,079 | -€18,725 | -31.8% |
| Income taxes | 67/77 | €1,779 | €10,329 | +€8,550 | +481% |
| Profit (loss) for the period | 9904 | €57,024 | €29,750 | -€27,274 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,024 | €29,750 | -€27,274 | -47.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.