KIES GEZOND: 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.
KIES GEZOND
Largest movements
- Current investments +€107,471
up €107,471 (+20.1%), from €535,478 to €642,949
- Receivables within one year +€42,677
up €42,677 (+94.8%), from €45,009 to €87,685
of which Trade receivables: +€43,316
- Cash -€31,885
down €31,885 (-15.7%), from €203,025 to €171,139
mainly Contributions, distributions and other (-€115,281) and Current investments (-€107,471)
- Tangible fixed assets -€13,310
down €13,310 (-11.4%), from €116,344 to €103,034
of which Land and buildings: -€10,635
- Other debts +€109,774
up €109,774 (+2,150%), from €5,107 to €114,881
- Debts after one year -€87,127
no longer reported in 2025 (was €87,127)
- Reserves +€81,225
up €81,225 (+10.6%), from €768,337 to €849,562
of which Distributable reserves: +€81,225
- Current portion of long-term debt -€17,711
no longer reported in 2025 (was €17,711)
- Tax, wage and social debts +€17,296
up €17,296 (+93.3%), from €18,544 to €35,839
of which Taxes: +€22,943
- Gross operating margin +€85,397
up €85,397 (+40.6%), from €210,081 to €295,477
- Taxes +€28,973
up €28,973 (+49.3%), from €58,812 to €87,786
- Depreciation -€3,432
down €3,432 (-18.2%), from €18,819 to €15,387
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 | €910,806 | €1,015,656 | +€104,851 | +11.5% |
| Fixed assets | 21/28 | €116,344 | €103,034 | -€13,310 | -11.4% |
| Tangible fixed assets | 22/27 | €116,344 | €103,034 | -€13,310 | -11.4% |
| Land and buildings | 22 | €108,123 | €97,488 | -€10,635 | -9.8% |
| Plant, machinery and equipment | 23 | €4,108 | €3,129 | -€979 | -23.8% |
| Furniture and vehicles | 24 | €2,169 | €1,601 | -€568 | -26.2% |
| Other tangible fixed assets | 26 | €1,944 | €816 | -€1,128 | -58.0% |
| Current assets | 29/58 | €794,462 | €912,623 | +€118,161 | +14.9% |
| Amounts receivable within one year | 40/41 | €45,009 | €87,685 | +€42,677 | +94.8% |
| Trade receivables | 40 | €44,369 | €87,685 | +€43,316 | +97.6% |
| Other amounts receivable | 41 | €640 | - | -€640 | |
| Current investments | 50/53 | €535,478 | €642,949 | +€107,471 | +20.1% |
| Cash at bank and in hand | 54/58 | €203,025 | €171,139 | -€31,885 | -15.7% |
| Deferred charges and accrued income | 490/1 | €10,951 | €10,850 | -€101 | -0.9% |
| Total equity and liabilities | 10/49 | €910,806 | €1,015,656 | +€104,851 | +11.5% |
| Equity | 10/15 | €769,715 | €850,940 | +€81,225 | +10.6% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €768,337 | €849,562 | +€81,225 | +10.6% |
| Tax-exempt reserves | 132 | €17,769 | €17,769 | = | 0.0% |
| Distributable reserves | 133 | €750,568 | €831,792 | +€81,225 | +10.8% |
| Profit (loss) carried forward | 14 | €778 | €778 | = | 0.0% |
| Amounts payable | 17/49 | €141,091 | €164,717 | +€23,626 | +16.7% |
| Amounts payable after more than one year | 17 | €87,127 | - | -€87,127 | |
| Financial debts | 170/4 | €87,127 | - | -€87,127 | |
| Amounts payable within one year | 42/48 | €47,113 | €157,546 | +€110,433 | +234% |
| Current portion of amounts payable after more than one year | 42 | €17,711 | - | -€17,711 | |
| Trade debts | 44 | €5,751 | €6,826 | +€1,074 | +18.7% |
| Suppliers | 440/4 | €5,751 | €6,826 | +€1,074 | +18.7% |
| Taxes, remuneration and social security | 45 | €18,544 | €35,839 | +€17,296 | +93.3% |
| Taxes | 450/3 | €12,896 | €35,839 | +€22,943 | +178% |
| Remuneration and social security | 454/9 | €5,648 | - | -€5,648 | |
| Other amounts payable | 47/48 | €5,107 | €114,881 | +€109,774 | +2,150% |
| Accrued charges and deferred income | 492/3 | €6,851 | €7,170 | +€320 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,819 | €15,387 | -€3,432 | -18.2% |
| Other operating charges | 640/8 | €2,340 | €2,415 | +€75 | +3.2% |
| Gross operating margin | 9900 | €210,081 | €295,477 | +€85,397 | +40.6% |
| Operating profit (loss) | 9901 | €188,922 | €277,675 | +€88,753 | +47.0% |
| Financial income | 75/76B | €8,661 | €9,046 | +€384 | +4.4% |
| Recurring financial income | 75 | €8,661 | €9,046 | +€384 | +4.4% |
| Financial charges | 65/66B | €2,434 | €2,429 | -€5 | -0.2% |
| Recurring financial charges | 65 | €2,434 | €2,429 | -€5 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €195,149 | €284,292 | +€89,143 | +45.7% |
| Income taxes | 67/77 | €58,812 | €87,786 | +€28,973 | +49.3% |
| Profit (loss) for the period | 9904 | €136,337 | €196,506 | +€60,169 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €136,337 | €196,506 | +€60,169 | +44.1% |
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 17 October 2026 via checked.be.