KIET: 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.
KIET
Largest movements
- Receivables within one year -€44,553
down €44,553 (-86.6%), from €51,469 to €6,916
of which Other amounts receivable: -€44,640
- Receivables after one year -€30,000
down €30,000 (-8.3%), from €360,000 to €330,000
- Reserves -€59,298
down €59,298 (-14.7%), from €403,983 to €344,686
- Profit (loss) carried forward -€14,479
new in 2025: -€14,479
- Other debts +€12,786
up €12,786 (+238.7%), from €5,357 to €18,144
- Tax, wage and social debts -€8,217
down €8,217 (-99.3%), from €8,277 to €60
of which Remuneration and social security: -€6,911
- Financial income -€35,955
down €35,955 (-99.9%), from €35,975 to €20
- Gross operating margin -€34,828
down €34,828 (-181.9%), from -€19,142 to -€53,969
- Financial charges -€7,168
down €7,168, from €6,516 to -€652
- Staff costs -€5,863
down €5,863 (-22.8%), from €25,676 to €19,813
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 | €427,658 | €357,001 | -€70,657 | -16.5% |
| Current assets | 29/58 | €427,658 | €357,001 | -€70,657 | -16.5% |
| Amounts receivable after more than one year | 29 | €360,000 | €330,000 | -€30,000 | -8.3% |
| Other amounts receivable | 291 | €360,000 | €330,000 | -€30,000 | -8.3% |
| Amounts receivable within one year | 40/41 | €51,469 | €6,916 | -€44,553 | -86.6% |
| Trade receivables | 40 | €413 | €500 | +€87 | +21.1% |
| Other amounts receivable | 41 | €51,056 | €6,416 | -€44,640 | -87.4% |
| Current investments | 50/53 | €15,514 | €16,380 | +€866 | +5.6% |
| Cash at bank and in hand | 54/58 | €520 | €3,541 | +€3,021 | +580.7% |
| Deferred charges and accrued income | 490/1 | €155 | €164 | +€9 | +5.6% |
| Total equity and liabilities | 10/49 | €427,658 | €357,001 | -€70,657 | -16.5% |
| Equity | 10/15 | €410,183 | €336,407 | -€73,777 | -18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €403,983 | €344,686 | -€59,298 | -14.7% |
| Distributable reserves | 133 | €403,983 | €344,686 | -€59,298 | -14.7% |
| Profit (loss) carried forward | 14 | - | -€14,479 | -€14,479 | |
| Amounts payable | 17/49 | €17,475 | €20,594 | +€3,120 | +17.9% |
| Amounts payable within one year | 42/48 | €15,675 | €19,094 | +€3,420 | +21.8% |
| Trade debts | 44 | €2,040 | €891 | -€1,149 | -56.3% |
| Suppliers | 440/4 | €2,040 | €891 | -€1,149 | -56.3% |
| Taxes, remuneration and social security | 45 | €8,277 | €60 | -€8,217 | -99.3% |
| Taxes | 450/3 | €1,366 | €60 | -€1,306 | -95.6% |
| Remuneration and social security | 454/9 | €6,911 | - | -€6,911 | |
| Other amounts payable | 47/48 | €5,357 | €18,144 | +€12,786 | +238.7% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,500 | -€300 | -16.7% |
| Remuneration, social security and pensions | 62 | €25,676 | €19,813 | -€5,863 | -22.8% |
| Other operating charges | 640/8 | €662 | €666 | +€5 | +0.7% |
| Gross operating margin | 9900 | -€19,142 | -€53,969 | -€34,828 | -181.9% |
| Operating profit (loss) | 9901 | -€45,480 | -€74,449 | -€28,969 | -63.7% |
| Financial income | 75/76B | €35,975 | €20 | -€35,955 | -99.9% |
| Recurring financial income | 75 | €35,975 | €20 | -€35,955 | -99.9% |
| Financial charges | 65/66B | €6,516 | -€652 | -€7,168 | |
| Recurring financial charges | 65 | €6,516 | -€652 | -€7,168 | |
| Profit (loss) for the period before taxes | 9903 | -€16,021 | -€73,777 | -€57,756 | -360.5% |
| Profit (loss) for the period | 9904 | -€16,021 | -€73,777 | -€57,756 | -360.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,021 | -€73,777 | -€57,756 | -360.5% |
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.