KIEVITT: 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.
KIEVITT
Largest movements
- Receivables within one year -€112,261
down €112,261 (-84.1%), from €133,482 to €21,221
of which Other amounts receivable: -€109,201
- Deferred charges and accrued income +€36,061
up €36,061 (+2514.7%), from €1,434 to €37,495
- Tangible fixed assets -€31,913
down €31,913 (-11.4%), from €281,022 to €249,109
of which Furniture and vehicles: -€21,452
- Reserves -€145,533
down €145,533 (-33.6%), from €432,800 to €287,267
of which Distributable reserves: -€145,533
- Other debts +€106,060
up €106,060 (+95.4%), from €111,142 to €217,202
- Debts after one year -€47,825
down €47,825 (-57.5%), from €83,244 to €35,419
- Financial income -€100,000
no longer reported in 2025 (was €100,000)
- Taxes -€8,551
down €8,551 (-41.7%), from €20,500 to €11,949
- Depreciation +€1,739
up €1,739 (+4.6%), from €37,770 to €39,509
- Financial charges +€1,495
up €1,495 (+36.0%), from €4,150 to €5,645
- Other operating charges +€919
up €919 (+62.9%), from €1,460 to €2,379
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 | €1,659,043 | €1,559,309 | -€99,734 | -6.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,487,822 | €1,455,909 | -€31,913 | -2.1% |
| Tangible fixed assets | 22/27 | €281,022 | €249,109 | -€31,913 | -11.4% |
| Land and buildings | 22 | €224,213 | €212,446 | -€11,767 | -5.2% |
| Plant, machinery and equipment | 23 | €3,857 | €5,163 | +€1,306 | +33.9% |
| Furniture and vehicles | 24 | €52,952 | €31,500 | -€21,452 | -40.5% |
| Financial fixed assets | 28 | €1,206,800 | €1,206,800 | = | 0.0% |
| Current assets | 29/58 | €171,221 | €103,400 | -€67,821 | -39.6% |
| Amounts receivable within one year | 40/41 | €133,482 | €21,221 | -€112,261 | -84.1% |
| Trade receivables | 40 | €21,390 | €18,330 | -€3,060 | -14.3% |
| Other amounts receivable | 41 | €112,092 | €2,891 | -€109,201 | -97.4% |
| Cash at bank and in hand | 54/58 | €36,305 | €44,684 | +€8,379 | +23.1% |
| Deferred charges and accrued income | 490/1 | €1,434 | €37,495 | +€36,061 | +2514.7% |
| Total equity and liabilities | 10/49 | €1,659,043 | €1,559,309 | -€99,734 | -6.0% |
| Equity | 10/15 | €1,379,490 | €1,235,329 | -€144,161 | -10.5% |
| Contributions | 10/11 | €706,800 | €706,800 | = | 0.0% |
| Reserves | 13 | €432,800 | €287,267 | -€145,533 | -33.6% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €392,800 | €247,267 | -€145,533 | -37.1% |
| Profit (loss) carried forward | 14 | €239,890 | €241,262 | +€1,372 | +0.6% |
| Amounts payable | 17/49 | €279,553 | €323,980 | +€44,427 | +15.9% |
| Amounts payable after more than one year | 17 | €83,244 | €35,419 | -€47,825 | -57.5% |
| Financial debts | 170/4 | €83,244 | €35,419 | -€47,825 | -57.5% |
| Amounts payable within one year | 42/48 | €196,309 | €288,561 | +€92,252 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €52,947 | €47,823 | -€5,124 | -9.7% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Other loans | 439 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €19,899 | €4,923 | -€14,976 | -75.3% |
| Suppliers | 440/4 | €19,899 | €4,923 | -€14,976 | -75.3% |
| Taxes, remuneration and social security | 45 | €7,321 | €13,613 | +€6,292 | +85.9% |
| Taxes | 450/3 | €4,161 | €13,613 | +€9,452 | +227.2% |
| Remuneration and social security | 454/9 | €3,160 | - | -€3,160 | |
| Other amounts payable | 47/48 | €111,142 | €217,202 | +€106,060 | +95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,770 | €39,509 | +€1,739 | +4.6% |
| Other operating charges | 640/8 | €1,460 | €2,379 | +€919 | +62.9% |
| Gross operating margin | 9900 | €77,129 | €76,622 | -€507 | -0.7% |
| Operating profit (loss) | 9901 | €37,899 | €34,734 | -€3,165 | -8.4% |
| Financial income | 75/76B | €100,000 | - | -€100,000 | |
| Recurring financial income | 75 | €100,000 | - | -€100,000 | |
| Financial charges | 65/66B | €4,150 | €5,645 | +€1,495 | +36.0% |
| Recurring financial charges | 65 | €4,150 | €5,645 | +€1,495 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €133,749 | €29,089 | -€104,660 | -78.3% |
| Income taxes | 67/77 | €20,500 | €11,949 | -€8,551 | -41.7% |
| Profit (loss) for the period | 9904 | €113,249 | €17,140 | -€96,109 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €113,249 | €17,140 | -€96,109 | -84.9% |
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 6 October 2026 via checked.be.