KIEN IT: 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 IT
Largest movements
- Cash +€47,235
up €47,235 (+20.0%), from €235,715 to €282,950
mainly Net result for the year (+€55,689) and Receivables within one year (+€15,479)
- Receivables within one year -€15,479
down €15,479 (-51.8%), from €29,856 to €14,377
of which Trade receivables: -€14,397
- Reserves +€20,764
up €20,764 (+9.2%), from €226,571 to €247,335
- Other debts +€11,975
up €11,975 (+52.0%), from €23,035 to €35,009
No income-statement line moved by more than 1% of the activity.
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 | €265,890 | €299,245 | +€33,356 | +12.5% |
| Fixed assets | 21/28 | €19 | €1,918 | +€1,899 | +10244.1% |
| Tangible fixed assets | 22/27 | €19 | €1,918 | +€1,899 | +10244.1% |
| Furniture and vehicles | 24 | €19 | €1,918 | +€1,899 | +10244.1% |
| Current assets | 29/58 | €265,871 | €297,327 | +€31,456 | +11.8% |
| Amounts receivable within one year | 40/41 | €29,856 | €14,377 | -€15,479 | -51.8% |
| Trade receivables | 40 | €27,940 | €13,543 | -€14,397 | -51.5% |
| Other amounts receivable | 41 | €1,917 | €834 | -€1,082 | -56.5% |
| Cash at bank and in hand | 54/58 | €235,715 | €282,950 | +€47,235 | +20.0% |
| Deferred charges and accrued income | 490/1 | €300 | - | -€300 | |
| Total equity and liabilities | 10/49 | €265,890 | €299,245 | +€33,356 | +12.5% |
| Equity | 10/15 | €238,971 | €259,735 | +€20,764 | +8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €226,571 | €247,335 | +€20,764 | +9.2% |
| Distributable reserves | 133 | €226,571 | €247,335 | +€20,764 | +9.2% |
| Amounts payable | 17/49 | €26,919 | €39,511 | +€12,592 | +46.8% |
| Amounts payable within one year | 42/48 | €26,919 | €39,511 | +€12,592 | +46.8% |
| Trade debts | 44 | - | €1,244 | +€1,244 | |
| Suppliers | 440/4 | - | €1,244 | +€1,244 | |
| Taxes, remuneration and social security | 45 | €3,884 | €3,257 | -€627 | -16.1% |
| Taxes | 450/3 | €3,884 | €3,257 | -€627 | -16.1% |
| Other amounts payable | 47/48 | €23,035 | €35,009 | +€11,975 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €322 | €183 | -€140 | -43.3% |
| Other operating charges | 640/8 | €650 | €585 | -€66 | -10.1% |
| Gross operating margin | 9900 | €77,700 | €77,660 | -€40 | -0.1% |
| Operating profit (loss) | 9901 | €76,727 | €76,893 | +€165 | +0.2% |
| Financial charges | 65/66B | €90 | €38 | -€51 | -57.1% |
| Recurring financial charges | 65 | €90 | €38 | -€51 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €76,638 | €76,854 | +€216 | +0.3% |
| Income taxes | 67/77 | €21,136 | €21,166 | +€29 | +0.1% |
| Profit (loss) for the period | 9904 | €55,501 | €55,689 | +€187 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,501 | €55,689 | +€187 | +0.3% |
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 3 October 2026 via checked.be.