KIES MAAR: 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 MAAR
Largest movements
- Cash +€111,428
up €111,428 (+331.9%), from €33,573 to €145,000
mainly Net result for the year (+€94,880) and Tax, wage and social debts (+€21,189)
- Receivables within one year +€16,130
new in 2025: €16,130
- Deferred charges and accrued income -€10,752
down €10,752 (-79.1%), from €13,594 to €2,842
- Reserves +€94,880
up €94,880 (+295.3%), from €32,126 to €127,006
- Tax, wage and social debts +€21,189
up €21,189 (+188.5%), from €11,239 to €32,428
- Other debts +€2,751
up €2,751 (+65.3%), from €4,213 to €6,964
- Gross operating margin +€90,244
up €90,244 (+254.0%), from €35,528 to €125,772
- Taxes +€22,354
up €22,354 (+301.3%), from €7,418 to €29,773
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 | €48,448 | €166,497 | +€118,049 | +243.7% |
| Fixed assets | 21/28 | €1,281 | €2,524 | +€1,243 | +97.0% |
| Tangible fixed assets | 22/27 | €1,281 | €2,524 | +€1,243 | +97.0% |
| Furniture and vehicles | 24 | €1,281 | €2,524 | +€1,243 | +97.0% |
| Current assets | 29/58 | €47,167 | €163,973 | +€116,806 | +247.6% |
| Amounts receivable within one year | 40/41 | - | €16,130 | +€16,130 | |
| Trade receivables | 40 | - | €16,130 | +€16,130 | |
| Cash at bank and in hand | 54/58 | €33,573 | €145,000 | +€111,428 | +331.9% |
| Deferred charges and accrued income | 490/1 | €13,594 | €2,842 | -€10,752 | -79.1% |
| Total equity and liabilities | 10/49 | €48,448 | €166,497 | +€118,049 | +243.7% |
| Equity | 10/15 | €32,226 | €127,106 | +€94,880 | +294.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €32,126 | €127,006 | +€94,880 | +295.3% |
| Distributable reserves | 133 | €32,126 | €127,006 | +€94,880 | +295.3% |
| Amounts payable | 17/49 | €16,222 | €39,391 | +€23,169 | +142.8% |
| Amounts payable within one year | 42/48 | €16,222 | €39,391 | +€23,169 | +142.8% |
| Trade debts | 44 | €771 | - | -€771 | |
| Suppliers | 440/4 | €771 | - | -€771 | |
| Taxes, remuneration and social security | 45 | €11,239 | €32,428 | +€21,189 | +188.5% |
| Taxes | 450/3 | €11,239 | €32,428 | +€21,189 | +188.5% |
| Other amounts payable | 47/48 | €4,213 | €6,964 | +€2,751 | +65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78 | €656 | +€578 | +741.1% |
| Other operating charges | 640/8 | €279 | €349 | +€70 | +25.2% |
| Gross operating margin | 9900 | €35,528 | €125,772 | +€90,244 | +254.0% |
| Operating profit (loss) | 9901 | €35,172 | €124,768 | +€89,596 | +254.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €81 | €116 | +€35 | +42.9% |
| Recurring financial charges | 65 | €81 | €116 | +€35 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €35,091 | €124,653 | +€89,562 | +255.2% |
| Income taxes | 67/77 | €7,418 | €29,773 | +€22,354 | +301.3% |
| Profit (loss) for the period | 9904 | €27,673 | €94,880 | +€67,207 | +242.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,673 | €94,880 | +€67,207 | +242.9% |
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 11 October 2026 via checked.be.