KIGI: 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.
KIGI
Largest movements
- Cash -€50,515
down €50,515 (-35.1%), from €143,920 to €93,405
mainly Debts after one year (-€33,050) and Net result for the year (-€18,918)
- Tangible fixed assets +€4,789
up €4,789 (+2.2%), from €220,748 to €225,537
- Debts after one year -€33,050
down €33,050 (-14.2%), from €233,050 to €200,000
- Profit (loss) carried forward -€18,918
down €18,918 (-7.4%), from -€255,969 to -€274,887
- Other debts +€5,797
up €5,797 (+32.7%), from €17,729 to €23,526
- Gross operating margin -€16,817
down €16,817, from €12,994 to -€3,823
- Other operating charges +€696
up €696 (+17.4%), from €3,990 to €4,686
- Financial charges +€141
up €141 (+59.0%), from €239 to €380
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 | €367,041 | €321,070 | -€45,972 | -12.5% |
| Fixed assets | 21/28 | €220,748 | €225,537 | +€4,789 | +2.2% |
| Tangible fixed assets | 22/27 | €220,748 | €225,537 | +€4,789 | +2.2% |
| Land and buildings | 22 | €220,748 | €225,537 | +€4,789 | +2.2% |
| Current assets | 29/58 | €146,293 | €95,533 | -€50,761 | -34.7% |
| Cash at bank and in hand | 54/58 | €143,920 | €93,405 | -€50,515 | -35.1% |
| Deferred charges and accrued income | 490/1 | €2,374 | €2,128 | -€246 | -10.4% |
| Total equity and liabilities | 10/49 | €367,041 | €321,070 | -€45,972 | -12.5% |
| Equity | 10/15 | €115,477 | €96,559 | -€18,918 | -16.4% |
| Contributions | 10/11 | €359,446 | €359,446 | = | 0.0% |
| Capital | 10 | €359,446 | €359,446 | = | 0.0% |
| Issued capital | 100 | €359,446 | €359,446 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€255,969 | -€274,887 | -€18,918 | -7.4% |
| Amounts payable | 17/49 | €251,564 | €224,511 | -€27,053 | -10.8% |
| Amounts payable after more than one year | 17 | €233,050 | €200,000 | -€33,050 | -14.2% |
| Financial debts | 170/4 | €233,050 | €200,000 | -€33,050 | -14.2% |
| Amounts payable within one year | 42/48 | €18,514 | €24,511 | +€5,997 | +32.4% |
| Trade debts | 44 | €611 | €634 | +€23 | +3.8% |
| Suppliers | 440/4 | €611 | €634 | +€23 | +3.8% |
| Taxes, remuneration and social security | 45 | €174 | €351 | +€176 | +101.0% |
| Taxes | 450/3 | €174 | €351 | +€176 | +101.0% |
| Other amounts payable | 47/48 | €17,729 | €23,526 | +€5,797 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,867 | €9,853 | -€14 | -0.1% |
| Other operating charges | 640/8 | €3,990 | €4,686 | +€696 | +17.4% |
| Gross operating margin | 9900 | €12,994 | -€3,823 | -€16,817 | |
| Operating profit (loss) | 9901 | -€863 | -€18,362 | -€17,499 | -2027.6% |
| Financial income | 75/76B | €18 | €0 | -€18 | -100.0% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -100.0% |
| Financial charges | 65/66B | €239 | €380 | +€141 | +59.0% |
| Recurring financial charges | 65 | €239 | €380 | +€141 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,084 | -€18,742 | -€17,658 | -1628.4% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€1,259 | -€18,918 | -€17,660 | -1402.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,259 | -€18,918 | -€17,660 | -1402.9% |
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 5 October 2026 via checked.be.