KIEN: 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.
KIEN
Largest movements
- Cash -€53,232
down €53,232 (-91.5%), from €58,166 to €4,934
mainly Net result for the year (-€127,741) and Trade debts (-€35,218)
- Financial fixed assets -€51,982
down €51,982 (-98.1%), from €52,982 to €1,000
- Tangible fixed assets -€10,341
down €10,341 (-1.4%), from €739,570 to €729,229
of which Land and buildings: -€15,206
- Reserves -€127,741
down €127,741 (-75.8%), from €168,489 to €40,748
of which Distributable reserves: -€127,741
- Short-term financial debts +€41,841
up €41,841 (+126.2%), from €33,159 to €75,000
- Trade debts -€35,218
down €35,218 (-26.1%), from €134,827 to €99,609
- Debts after one year -€33,243
down €33,243 (-5.5%), from €602,285 to €569,042
- Accrued charges and deferred income +€18,373
new in 2025: €18,373
- Staff costs +€58,121
up €58,121 (+114.6%), from €50,734 to €108,855
- Other operating charges +€37,245
up €37,245 (+593.0%), from €6,280 to €43,526
- Financial charges +€29,325
up €29,325 (+165.3%), from €17,737 to €47,062
of which Non-recurring financial charges: +€27,796
- Financial income -€14,705
down €14,705 (-85.5%), from €17,197 to €2,492
- Gross operating margin -€11,520
down €11,520 (-9.6%), from €120,244 to €108,724
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 | €1,027,219 | €895,960 | -€131,260 | -12.8% |
| Fixed assets | 21/28 | €792,552 | €730,229 | -€62,323 | -7.9% |
| Tangible fixed assets | 22/27 | €739,570 | €729,229 | -€10,341 | -1.4% |
| Land and buildings | 22 | €724,029 | €708,823 | -€15,206 | -2.1% |
| Plant, machinery and equipment | 23 | €3,174 | €1,208 | -€1,965 | -61.9% |
| Furniture and vehicles | 24 | €12,368 | €19,198 | +€6,830 | +55.2% |
| Financial fixed assets | 28 | €52,982 | €1,000 | -€51,982 | -98.1% |
| Current assets | 29/58 | €234,667 | €165,730 | -€68,936 | -29.4% |
| Amounts receivable within one year | 40/41 | €167,234 | €158,282 | -€8,952 | -5.4% |
| Trade receivables | 40 | €144,392 | €156,422 | +€12,029 | +8.3% |
| Other amounts receivable | 41 | €22,841 | €1,860 | -€20,981 | -91.9% |
| Cash at bank and in hand | 54/58 | €58,166 | €4,934 | -€53,232 | -91.5% |
| Deferred charges and accrued income | 490/1 | €9,267 | €2,514 | -€6,753 | -72.9% |
| Total equity and liabilities | 10/49 | €1,027,219 | €895,960 | -€131,260 | -12.8% |
| Equity | 10/15 | €187,089 | €59,348 | -€127,741 | -68.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €168,489 | €40,748 | -€127,741 | -75.8% |
| Tax-exempt reserves | 132 | €600 | €600 | = | 0.0% |
| Distributable reserves | 133 | €167,889 | €40,148 | -€127,741 | -76.1% |
| Amounts payable | 17/49 | €840,130 | €836,611 | -€3,519 | -0.4% |
| Amounts payable after more than one year | 17 | €602,285 | €569,042 | -€33,243 | -5.5% |
| Financial debts | 170/4 | €602,285 | €569,042 | -€33,243 | -5.5% |
| Amounts payable within one year | 42/48 | €237,845 | €249,196 | +€11,351 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €32,709 | €33,243 | +€534 | +1.6% |
| Financial debts | 43 | €33,159 | €75,000 | +€41,841 | +126.2% |
| Credit institutions | 430/8 | €33,159 | €75,000 | +€41,841 | +126.2% |
| Trade debts | 44 | €134,827 | €99,609 | -€35,218 | -26.1% |
| Suppliers | 440/4 | €134,827 | €99,609 | -€35,218 | -26.1% |
| Taxes, remuneration and social security | 45 | €21,456 | €26,975 | +€5,520 | +25.7% |
| Taxes | 450/3 | €19,051 | €19,427 | +€376 | +2.0% |
| Remuneration and social security | 454/9 | €2,405 | €7,548 | +€5,143 | +213.8% |
| Other amounts payable | 47/48 | €15,694 | €14,368 | -€1,326 | -8.4% |
| Accrued charges and deferred income | 492/3 | - | €18,373 | +€18,373 | |
| Remuneration, social security and pensions | 62 | €50,734 | €108,855 | +€58,121 | +114.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,798 | €38,266 | +€1,468 | +4.0% |
| Other operating charges | 640/8 | €6,280 | €43,526 | +€37,245 | +593.0% |
| Non-recurring operating charges | 66A | - | €437 | +€437 | |
| Gross operating margin | 9900 | €120,244 | €108,724 | -€11,520 | -9.6% |
| Operating profit (loss) | 9901 | €26,432 | -€82,359 | -€108,791 | |
| Financial income | 75/76B | €17,197 | €2,492 | -€14,705 | -85.5% |
| Recurring financial income | 75 | €17,197 | €2,492 | -€14,705 | -85.5% |
| Financial charges | 65/66B | €17,737 | €47,062 | +€29,325 | +165.3% |
| Recurring financial charges | 65 | €17,737 | €19,266 | +€1,529 | +8.6% |
| Non-recurring financial charges | 66B | - | €27,796 | +€27,796 | |
| Profit (loss) for the period before taxes | 9903 | €25,891 | -€126,930 | -€152,822 | |
| Income taxes | 67/77 | €8,895 | €810 | -€8,084 | -90.9% |
| Profit (loss) for the period | 9904 | €16,996 | -€127,741 | -€144,737 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,996 | -€127,741 | -€144,737 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.