KIES KEURIG: 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 KEURIG
Largest movements
- Cash +€37,625
up €37,625 (+31.6%), from €119,078 to €156,704
mainly Net result for the year (+€33,763) and Receivables within one year (+€4,170)
- Receivables within one year -€4,170
down €4,170 (-39.7%), from €10,493 to €6,322
of which Trade receivables: -€2,213
- Deferred charges and accrued income +€2,903
up €2,903 (+326%), from €891 to €3,794
- Reserves +€33,763
up €33,763 (+26.7%), from €126,674 to €160,437
- Tax, wage and social debts +€2,369
new in 2025: €2,369
- Gross operating margin +€9,574
up €9,574 (+24.4%), from €39,237 to €48,811
- Taxes +€2,685
up €2,685 (+24.8%), from €10,825 to €13,510
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 | €132,521 | €167,994 | +€35,472 | +26.8% |
| Fixed assets | 21/28 | €2,059 | €1,174 | -€886 | -43.0% |
| Tangible fixed assets | 22/27 | €2,059 | €1,174 | -€886 | -43.0% |
| Plant, machinery and equipment | 23 | €1,184 | €489 | -€695 | -58.7% |
| Furniture and vehicles | 24 | €876 | €685 | -€191 | -21.8% |
| Current assets | 29/58 | €130,462 | €166,820 | +€36,358 | +27.9% |
| Amounts receivable within one year | 40/41 | €10,493 | €6,322 | -€4,170 | -39.7% |
| Trade receivables | 40 | €6,360 | €4,147 | -€2,213 | -34.8% |
| Other amounts receivable | 41 | €4,133 | €2,175 | -€1,958 | -47.4% |
| Cash at bank and in hand | 54/58 | €119,078 | €156,704 | +€37,625 | +31.6% |
| Deferred charges and accrued income | 490/1 | €891 | €3,794 | +€2,903 | +326% |
| Total equity and liabilities | 10/49 | €132,521 | €167,994 | +€35,472 | +26.8% |
| Equity | 10/15 | €130,174 | €163,937 | +€33,763 | +25.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €126,674 | €160,437 | +€33,763 | +26.7% |
| Distributable reserves | 133 | €126,674 | €160,437 | +€33,763 | +26.7% |
| Amounts payable | 17/49 | €2,347 | €4,057 | +€1,710 | +72.9% |
| Amounts payable within one year | 42/48 | €2,347 | €4,057 | +€1,710 | +72.9% |
| Trade debts | 44 | €1,871 | €238 | -€1,634 | -87.3% |
| Suppliers | 440/4 | €1,871 | €238 | -€1,634 | -87.3% |
| Taxes, remuneration and social security | 45 | - | €2,369 | +€2,369 | |
| Taxes | 450/3 | - | €2,369 | +€2,369 | |
| Other amounts payable | 47/48 | €476 | €1,450 | +€975 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €774 | €886 | +€112 | +14.4% |
| Other operating charges | 640/8 | €126 | €527 | +€402 | +319% |
| Gross operating margin | 9900 | €39,237 | €48,811 | +€9,574 | +24.4% |
| Operating profit (loss) | 9901 | €38,338 | €47,398 | +€9,060 | +23.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €74 | €125 | +€52 | +70.1% |
| Recurring financial charges | 65 | €74 | €125 | +€52 | +70.1% |
| Profit (loss) for the period before taxes | 9903 | €38,264 | €47,273 | +€9,009 | +23.5% |
| Income taxes | 67/77 | €10,825 | €13,510 | +€2,685 | +24.8% |
| Profit (loss) for the period | 9904 | €27,439 | €33,763 | +€6,323 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,439 | €33,763 | +€6,323 | +23.0% |
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 25 October 2026 via checked.be.