KIFKIF-EXPRESS: 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.
KIFKIF-EXPRESS
Largest movements
- Cash +€42,603
up €42,603 (+35.6%), from €119,604 to €162,207
mainly Net result for the year (+€20,913) and Receivables within one year (+€10,892)
- Receivables within one year -€10,892
down €10,892 (-84.6%), from €12,871 to €1,979
of which Other amounts receivable: -€6,515
- Reserves +€23,413
up €23,413 (+21.7%), from €107,976 to €131,389
of which Distributable reserves: +€23,413
- Other debts +€9,600
up €9,600 (+425%), from €2,257 to €11,857
- Contributions -€2,500
down €2,500 (-9.1%), from €27,500 to €25,000
- Gross operating margin +€3,666
up €3,666 (+12.3%), from €29,870 to €33,536
- Taxes +€807
up €807 (+8.4%), from €9,638 to €10,444
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 | €142,576 | €172,861 | +€30,285 | +21.2% |
| Fixed assets | 21/28 | €10,101 | €8,675 | -€1,427 | -14.1% |
| Tangible fixed assets | 22/27 | €10,101 | €8,675 | -€1,427 | -14.1% |
| Furniture and vehicles | 24 | €1,178 | €729 | -€449 | -38.1% |
| Other tangible fixed assets | 26 | €8,924 | €7,945 | -€978 | -11.0% |
| Current assets | 29/58 | €132,475 | €164,186 | +€31,712 | +23.9% |
| Amounts receivable within one year | 40/41 | €12,871 | €1,979 | -€10,892 | -84.6% |
| Trade receivables | 40 | €6,235 | €1,858 | -€4,377 | -70.2% |
| Other amounts receivable | 41 | €6,636 | €121 | -€6,515 | -98.2% |
| Cash at bank and in hand | 54/58 | €119,604 | €162,207 | +€42,603 | +35.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €142,576 | €172,861 | +€30,285 | +21.2% |
| Equity | 10/15 | €135,476 | €156,389 | +€20,913 | +15.4% |
| Contributions | 10/11 | €27,500 | €25,000 | -€2,500 | -9.1% |
| Reserves | 13 | €107,976 | €131,389 | +€23,413 | +21.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €107,976 | €131,389 | +€23,413 | +21.7% |
| Amounts payable | 17/49 | €7,100 | €16,472 | +€9,372 | +132% |
| Amounts payable within one year | 42/48 | €7,100 | €16,472 | +€9,372 | +132% |
| Trade debts | 44 | €3,441 | €2,314 | -€1,127 | -32.7% |
| Suppliers | 440/4 | €3,441 | €2,314 | -€1,127 | -32.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,402 | €2,301 | +€899 | +64.1% |
| Taxes | 450/3 | €1,402 | €2,301 | +€899 | +64.1% |
| Other amounts payable | 47/48 | €2,257 | €11,857 | +€9,600 | +425% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,282 | €1,427 | +€145 | +11.3% |
| Other operating charges | 640/8 | €933 | €608 | -€324 | -34.8% |
| Gross operating margin | 9900 | €29,870 | €33,536 | +€3,666 | +12.3% |
| Operating profit (loss) | 9901 | €27,656 | €31,501 | +€3,845 | +13.9% |
| Financial income | 75/76B | €3 | €6 | +€3 | +92.2% |
| Recurring financial income | 75 | €3 | €6 | +€3 | +92.2% |
| Financial charges | 65/66B | €92 | €149 | +€57 | +62.2% |
| Recurring financial charges | 65 | €92 | €149 | +€57 | +62.2% |
| Profit (loss) for the period before taxes | 9903 | €27,567 | €31,358 | +€3,791 | +13.8% |
| Income taxes | 67/77 | €9,638 | €10,444 | +€807 | +8.4% |
| Profit (loss) for the period | 9904 | €17,929 | €20,913 | +€2,984 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,929 | €20,913 | +€2,984 | +16.6% |
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 22 October 2026 via checked.be.