KIF ART: 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.
KIF ART
Largest movements
- Receivables within one year -€10,222
down €10,222 (-17.2%), from €59,311 to €49,090
of which Trade receivables: -€11,940
- Tangible fixed assets -€3,188
down €3,188 (-66.5%), from €4,794 to €1,606
- Cash +€2,495
up €2,495 (+57.4%), from €4,348 to €6,842
mainly Receivables within one year (+€10,222) and Tax, wage and social debts (+€3,839)
- Profit (loss) carried forward -€10,820
down €10,820 (-22.1%), from €48,912 to €38,093
- Trade debts -€4,274
no longer reported in 2025 (was €4,274)
- Tax, wage and social debts +€3,839
up €3,839 (+46.2%), from €8,309 to €12,149
of which Remuneration and social security: +€3,834
- Gross operating margin -€24,018
down €24,018 (-48.1%), from €49,907 to €25,889
- Staff costs -€2,916
down €2,916 (-8.0%), from €36,561 to €33,645
- Taxes -€2,174
down €2,174 (-99.7%), from €2,180 to €6
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
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 | €69,556 | €58,301 | -€11,255 | -16.2% |
| Fixed assets | 21/28 | €4,794 | €1,606 | -€3,188 | -66.5% |
| Tangible fixed assets | 22/27 | €4,794 | €1,606 | -€3,188 | -66.5% |
| Furniture and vehicles | 24 | €4,794 | €1,606 | -€3,188 | -66.5% |
| Current assets | 29/58 | €64,762 | €56,695 | -€8,067 | -12.5% |
| Amounts receivable within one year | 40/41 | €59,311 | €49,090 | -€10,222 | -17.2% |
| Trade receivables | 40 | €36,245 | €24,305 | -€11,940 | -32.9% |
| Other amounts receivable | 41 | €23,066 | €24,785 | +€1,719 | +7.5% |
| Cash at bank and in hand | 54/58 | €4,348 | €6,842 | +€2,495 | +57.4% |
| Deferred charges and accrued income | 490/1 | €1,103 | €764 | -€340 | -30.8% |
| Total equity and liabilities | 10/49 | €69,556 | €58,301 | -€11,255 | -16.2% |
| Equity | 10/15 | €56,972 | €46,153 | -€10,820 | -19.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,912 | €38,093 | -€10,820 | -22.1% |
| Amounts payable | 17/49 | €12,583 | €12,149 | -€435 | -3.5% |
| Amounts payable within one year | 42/48 | €12,583 | €12,149 | -€435 | -3.5% |
| Trade debts | 44 | €4,274 | - | -€4,274 | |
| Suppliers | 440/4 | €4,274 | - | -€4,274 | |
| Taxes, remuneration and social security | 45 | €8,309 | €12,149 | +€3,839 | +46.2% |
| Taxes | 450/3 | €2,180 | €2,186 | +€6 | +0.3% |
| Remuneration and social security | 454/9 | €6,130 | €9,963 | +€3,834 | +62.5% |
| Remuneration, social security and pensions | 62 | €36,561 | €33,645 | -€2,916 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,339 | €3,188 | -€152 | -4.5% |
| Other operating charges | 640/8 | €977 | €875 | -€102 | -10.5% |
| Gross operating margin | 9900 | €49,907 | €25,889 | -€24,018 | -48.1% |
| Operating profit (loss) | 9901 | €9,030 | -€11,819 | -€20,849 | |
| Financial income | 75/76B | €824 | €1,238 | +€413 | +50.1% |
| Recurring financial income | 75 | €824 | €1,238 | +€413 | +50.1% |
| Financial charges | 65/66B | €204 | €233 | +€29 | +14.2% |
| Recurring financial charges | 65 | €204 | €233 | +€29 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €9,650 | -€10,814 | -€20,464 | |
| Income taxes | 67/77 | €2,180 | €6 | -€2,174 | -99.7% |
| Profit (loss) for the period | 9904 | €7,470 | -€10,820 | -€18,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,470 | -€10,820 | -€18,290 |
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 25 October 2026 via checked.be.