KIEVIT: 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.
KIEVIT
Largest movements
- Cash +€34,768
up €34,768 (+23.0%), from €151,106 to €185,873
mainly Net result for the year (+€30,485) and Depreciation (+€27,889)
- Tangible fixed assets -€14,689
down €14,689 (-12.2%), from €120,453 to €105,765
of which Furniture and vehicles: -€18,887
- Receivables within one year -€7,067
down €7,067 (-23.7%), from €29,847 to €22,780
of which Other amounts receivable: -€10,281
- Reserves +€82,191
up €82,191 (+61.8%), from €133,036 to €215,227
of which Distributable reserves: +€84,051
- Profit (loss) carried forward -€51,706
down €51,706 (-100.0%), from €51,706 to €0
- Debts after one year -€13,148
down €13,148 (-21.0%), from €62,668 to €49,520
- Tax, wage and social debts -€6,327
down €6,327 (-50.5%), from €12,524 to €6,197
of which Taxes: -€4,440
- Staff costs +€7,154
up €7,154 (+15.1%), from €47,360 to €54,514
- Gross operating margin -€6,595
down €6,595 (-4.8%), from €136,026 to €129,430
- Taxes -€4,705
down €4,705 (-27.3%), from €17,266 to €12,561
- Depreciation +€3,147
up €3,147 (+12.7%), from €24,742 to €27,889
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 | €305,567 | €319,032 | +€13,465 | +4.4% |
| Fixed assets | 21/28 | €120,453 | €105,765 | -€14,689 | -12.2% |
| Tangible fixed assets | 22/27 | €120,453 | €105,765 | -€14,689 | -12.2% |
| Land and buildings | 22 | - | €9,843 | +€9,843 | |
| Plant, machinery and equipment | 23 | €85,336 | €79,692 | -€5,645 | -6.6% |
| Furniture and vehicles | 24 | €35,117 | €16,230 | -€18,887 | -53.8% |
| Current assets | 29/58 | €185,114 | €213,267 | +€28,153 | +15.2% |
| Stocks and contracts in progress | 3 | €2,750 | €2,625 | -€125 | -4.5% |
| Stocks | 30/36 | €2,750 | €2,625 | -€125 | -4.5% |
| Amounts receivable within one year | 40/41 | €29,847 | €22,780 | -€7,067 | -23.7% |
| Trade receivables | 40 | - | €3,214 | +€3,214 | |
| Other amounts receivable | 41 | €29,847 | €19,566 | -€10,281 | -34.4% |
| Cash at bank and in hand | 54/58 | €151,106 | €185,873 | +€34,768 | +23.0% |
| Deferred charges and accrued income | 490/1 | €1,411 | €1,988 | +€578 | +41.0% |
| Total equity and liabilities | 10/49 | €305,567 | €319,032 | +€13,465 | +4.4% |
| Equity | 10/15 | €203,343 | €233,827 | +€30,485 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €133,036 | €215,227 | +€82,191 | +61.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €131,176 | €215,227 | +€84,051 | +64.1% |
| Profit (loss) carried forward | 14 | €51,706 | €0 | -€51,706 | -100.0% |
| Amounts payable | 17/49 | €102,224 | €85,204 | -€17,020 | -16.6% |
| Amounts payable after more than one year | 17 | €62,668 | €49,520 | -€13,148 | -21.0% |
| Financial debts | 170/4 | €62,668 | €49,520 | -€13,148 | -21.0% |
| Amounts payable within one year | 42/48 | €39,556 | €35,684 | -€3,872 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €12,995 | €13,148 | +€153 | +1.2% |
| Financial debts | 43 | €2,500 | €5,000 | +€2,500 | +100.0% |
| Credit institutions | 430/8 | €2,500 | €5,000 | +€2,500 | +100.0% |
| Trade debts | 44 | €11,537 | €11,339 | -€198 | -1.7% |
| Suppliers | 440/4 | €11,537 | €11,339 | -€198 | -1.7% |
| Taxes, remuneration and social security | 45 | €12,524 | €6,197 | -€6,327 | -50.5% |
| Taxes | 450/3 | €7,302 | €2,862 | -€4,440 | -60.8% |
| Remuneration and social security | 454/9 | €5,223 | €3,335 | -€1,887 | -36.1% |
| Remuneration, social security and pensions | 62 | €47,360 | €54,514 | +€7,154 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,742 | €27,889 | +€3,147 | +12.7% |
| Other operating charges | 640/8 | €1,601 | €1,890 | +€289 | +18.1% |
| Non-recurring operating charges | 66A | - | €791 | +€791 | |
| Gross operating margin | 9900 | €136,026 | €129,430 | -€6,595 | -4.8% |
| Operating profit (loss) | 9901 | €62,324 | €44,347 | -€17,977 | -28.8% |
| Financial income | 75/76B | €48 | €34 | -€14 | -29.6% |
| Recurring financial income | 75 | €48 | €34 | -€14 | -29.6% |
| Financial charges | 65/66B | €1,360 | €1,336 | -€25 | -1.8% |
| Recurring financial charges | 65 | €1,360 | €1,336 | -€25 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €61,012 | €43,046 | -€17,966 | -29.4% |
| Income taxes | 67/77 | €17,266 | €12,561 | -€4,705 | -27.3% |
| Profit (loss) for the period | 9904 | €43,746 | €30,485 | -€13,261 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,746 | €30,485 | -€13,261 | -30.3% |
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 29 September 2026 via checked.be.