KIES LEGEND: 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.
KIES LEGEND
Largest movements
- Receivables within one year -€85,622
down €85,622 (-66.4%), from €128,968 to €43,346
of which Trade receivables: -€85,360
- Cash -€17,512
down €17,512 (-51.4%), from €34,047 to €16,535
mainly Net result for the year (-€63,183) and Trade debts (-€54,397)
- Debts after one year +€64,000
up €64,000 (+106.7%), from €60,000 to €124,000
- Profit (loss) carried forward -€63,183
down €63,183 (-77.8%), from -€81,225 to -€144,408
- Trade debts -€54,397
down €54,397 (-87.2%), from €62,361 to €7,964
- Current portion of long-term debt -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Tax, wage and social debts -€10,048
down €10,048 (-53.0%), from €18,942 to €8,895
of which Remuneration and social security: -€11,203
- Gross operating margin -€91,609
down €91,609, from €81,221 to -€10,388
- Staff costs -€12,499
down €12,499 (-19.3%), from €64,690 to €52,191
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 | €163,533 | €59,881 | -€103,652 | -63.4% |
| Fixed assets | 21/28 | €150 | €0 | -€150 | -100.0% |
| Financial fixed assets | 28 | €150 | €0 | -€150 | -100.0% |
| Current assets | 29/58 | €163,383 | €59,881 | -€103,502 | -63.3% |
| Amounts receivable within one year | 40/41 | €128,968 | €43,346 | -€85,622 | -66.4% |
| Trade receivables | 40 | €128,480 | €43,120 | -€85,360 | -66.4% |
| Other amounts receivable | 41 | €488 | €226 | -€262 | -53.7% |
| Cash at bank and in hand | 54/58 | €34,047 | €16,535 | -€17,512 | -51.4% |
| Deferred charges and accrued income | 490/1 | €368 | €0 | -€368 | -100.0% |
| Total equity and liabilities | 10/49 | €163,533 | €59,881 | -€103,652 | -63.4% |
| Equity | 10/15 | -€18,702 | -€81,885 | -€63,183 | -337.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Outside capital | 11 | €61,500 | €61,500 | = | 0.0% |
| Share premium | 1100/10 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,022 | €1,022 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,022 | €1,022 | = | 0.0% |
| Legal reserve | 130 | €1,022 | €1,022 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,225 | -€144,408 | -€63,183 | -77.8% |
| Amounts payable | 17/49 | €182,236 | €141,766 | -€40,469 | -22.2% |
| Amounts payable after more than one year | 17 | €60,000 | €124,000 | +€64,000 | +106.7% |
| Financial debts | 170/4 | €60,000 | €124,000 | +€64,000 | +106.7% |
| Amounts payable within one year | 42/48 | €122,236 | €17,766 | -€104,469 | -85.5% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €0 | -€30,000 | -100.0% |
| Trade debts | 44 | €62,361 | €7,964 | -€54,397 | -87.2% |
| Suppliers | 440/4 | €62,361 | €7,964 | -€54,397 | -87.2% |
| Taxes, remuneration and social security | 45 | €18,942 | €8,895 | -€10,048 | -53.0% |
| Taxes | 450/3 | €1,116 | €2,272 | +€1,156 | +103.5% |
| Remuneration and social security | 454/9 | €17,826 | €6,623 | -€11,203 | -62.8% |
| Other amounts payable | 47/48 | €10,933 | €908 | -€10,025 | -91.7% |
| Remuneration, social security and pensions | 62 | €64,690 | €52,191 | -€12,499 | -19.3% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €81,221 | -€10,388 | -€91,609 | |
| Operating profit (loss) | 9901 | €16,026 | -€63,098 | -€79,124 | |
| Financial charges | 65/66B | €53 | €85 | +€32 | +61.8% |
| Recurring financial charges | 65 | €53 | €85 | +€32 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | €15,973 | -€63,183 | -€79,156 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €15,973 | -€63,183 | -€79,156 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,973 | -€63,183 | -€79,156 |
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 8 October 2026 via checked.be.