KIFAYEH: 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.
KIFAYEH
Largest movements
- Tangible fixed assets -€17,873
down €17,873 (-40.5%), from €44,087 to €26,214
- Receivables within one year -€15,862
down €15,862 (-59.7%), from €26,577 to €10,716
of which Other amounts receivable: -€20,012
- Cash -€8,067
down €8,067 (-87.1%), from €9,263 to €1,196
mainly Other debts (-€42,223) and Net result for the year (-€16,031)
- Other debts -€42,223
down €42,223 (-31.6%), from €133,658 to €91,435
- Profit (loss) carried forward -€16,031
down €16,031 (-105%), from -€15,220 to -€31,251
- Trade debts +€15,968
up €15,968 (+10.2%), from €156,995 to €172,962
- Current portion of long-term debt +€12,680
new in 2025: €12,680
- Advances received -€10,000
no longer reported in 2025 (was €10,000)
- Gross operating margin -€72,590
down €72,590 (-92.0%), from €78,924 to €6,334
- Other operating charges +€1,784
up €1,784 (+142%), from €1,253 to €3,037
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 | €325,068 | €285,461 | -€39,607 | -12.2% |
| Fixed assets | 21/28 | €44,087 | €26,214 | -€17,873 | -40.5% |
| Tangible fixed assets | 22/27 | €44,087 | €26,214 | -€17,873 | -40.5% |
| Furniture and vehicles | 24 | €44,087 | €26,214 | -€17,873 | -40.5% |
| Current assets | 29/58 | €280,981 | €259,247 | -€21,733 | -7.7% |
| Stocks and contracts in progress | 3 | €245,140 | €247,336 | +€2,196 | +0.9% |
| Stocks | 30/36 | €245,140 | €247,336 | +€2,196 | +0.9% |
| Amounts receivable within one year | 40/41 | €26,577 | €10,716 | -€15,862 | -59.7% |
| Trade receivables | 40 | €623 | €4,773 | +€4,150 | +666% |
| Other amounts receivable | 41 | €25,954 | €5,942 | -€20,012 | -77.1% |
| Cash at bank and in hand | 54/58 | €9,263 | €1,196 | -€8,067 | -87.1% |
| Total equity and liabilities | 10/49 | €325,068 | €285,461 | -€39,607 | -12.2% |
| Equity | 10/15 | €23,630 | €7,599 | -€16,031 | -67.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €20,258 | €20,258 | = | 0.0% |
| Distributable reserves | 133 | €20,258 | €20,258 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,220 | -€31,251 | -€16,031 | -105% |
| Amounts payable | 17/49 | €301,437 | €277,862 | -€23,575 | -7.8% |
| Amounts payable after more than one year | 17 | €785 | €785 | = | 0.0% |
| Other amounts payable | 178/9 | €785 | €785 | = | 0.0% |
| Amounts payable within one year | 42/48 | €300,652 | €277,077 | -€23,575 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,680 | +€12,680 | |
| Trade debts | 44 | €156,995 | €172,962 | +€15,968 | +10.2% |
| Suppliers | 440/4 | €156,995 | €172,962 | +€15,968 | +10.2% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Other amounts payable | 47/48 | €133,658 | €91,435 | -€42,223 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,873 | €17,873 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,253 | €3,037 | +€1,784 | +142% |
| Gross operating margin | 9900 | €78,924 | €6,334 | -€72,590 | -92.0% |
| Operating profit (loss) | 9901 | €59,797 | -€14,576 | -€74,373 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,659 | €1,455 | -€204 | -12.3% |
| Recurring financial charges | 65 | €1,659 | €1,455 | -€204 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €58,138 | -€16,031 | -€74,170 | |
| Profit (loss) for the period | 9904 | €58,138 | -€16,031 | -€74,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,138 | -€16,031 | -€74,170 |
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 19 October 2026 via checked.be.