KIEVITPLEIN J: 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.
KIEVITPLEIN J
Largest movements
- Receivables within one year -€1.5m
down €1.5m (-93.0%), from €1.6m to €111,230
of which Other amounts receivable: -€1.5m
- Tangible fixed assets -€50,023
down €50,023 (-7.8%), from €642,725 to €592,701
of which Land and buildings: -€53,560
- Other debts -€1.5m
no longer reported in 2025 (was €1.5m)
- Profit (loss) carried forward +€47,494
up €47,494 (+106%), from €44,995 to €92,490
- Trade debts -€47,400
down €47,400 (-93.1%), from €50,937 to €3,537
- Accrued charges and deferred income -€32,211
down €32,211 (-38.1%), from €84,451 to €52,240
- Gross operating margin +€47,291
up €47,291 (+83.1%), from €56,907 to €104,198
- Financial income -€46,195
down €46,195 (-91.0%), from €50,745 to €4,550
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,233,549 | €703,932 | -€1.5m | -68.5% |
| Fixed assets | 21/28 | €642,726 | €592,702 | -€50,023 | -7.8% |
| Tangible fixed assets | 22/27 | €642,725 | €592,701 | -€50,023 | -7.8% |
| Land and buildings | 22 | €642,725 | €589,164 | -€53,560 | -8.3% |
| Assets under construction and advance payments | 27 | - | €3,537 | +€3,537 | |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €1,590,824 | €111,230 | -€1.5m | -93.0% |
| Amounts receivable within one year | 40/41 | €1,590,824 | €111,230 | -€1.5m | -93.0% |
| Trade receivables | 40 | €37,671 | €52,324 | +€14,653 | +38.9% |
| Other amounts receivable | 41 | €1,553,153 | €58,906 | -€1.5m | -96.2% |
| Total equity and liabilities | 10/49 | €2,233,549 | €703,932 | -€1.5m | -68.5% |
| Equity | 10/15 | €598,161 | €648,155 | +€49,994 | +8.4% |
| Contributions | 10/11 | €550,798 | €550,798 | = | 0.0% |
| Capital | 10 | €550,798 | €550,798 | = | 0.0% |
| Issued capital | 100 | €550,798 | €550,798 | = | 0.0% |
| Reserves | 13 | €2,368 | €4,868 | +€2,500 | +106% |
| Non-distributable reserves | 130/1 | €2,368 | €4,868 | +€2,500 | +106% |
| Legal reserve | 130 | €2,368 | €4,868 | +€2,500 | +106% |
| Profit (loss) carried forward | 14 | €44,995 | €92,490 | +€47,494 | +106% |
| Amounts payable | 17/49 | €1,635,388 | €55,777 | -€1.6m | -96.6% |
| Amounts payable within one year | 42/48 | €1,550,937 | €3,537 | -€1.5m | -99.8% |
| Trade debts | 44 | €50,937 | €3,537 | -€47,400 | -93.1% |
| Suppliers | 440/4 | €50,937 | €3,537 | -€47,400 | -93.1% |
| Other amounts payable | 47/48 | €1,500,000 | - | -€1.5m | |
| Accrued charges and deferred income | 492/3 | €84,451 | €52,240 | -€32,211 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,560 | €53,560 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €894 | +€894 | |
| Other operating charges | 640/8 | €3,391 | €3,498 | +€107 | +3.1% |
| Gross operating margin | 9900 | €56,907 | €104,198 | +€47,291 | +83.1% |
| Operating profit (loss) | 9901 | -€44 | €46,246 | +€46,290 | |
| Financial income | 75/76B | €50,745 | €4,550 | -€46,195 | -91.0% |
| Recurring financial income | 75 | €50,745 | €4,550 | -€46,195 | -91.0% |
| Financial charges | 65/66B | €774 | €802 | +€27 | +3.5% |
| Recurring financial charges | 65 | €774 | €802 | +€27 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €49,926 | €49,994 | +€67 | +0.1% |
| Profit (loss) for the period | 9904 | €49,926 | €49,994 | +€67 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,926 | €49,994 | +€67 | +0.1% |
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 31 October 2026 via checked.be.