KIHA: 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.
KIHA
Largest movements
- Cash +€36,133
up €36,133 (+13.6%), from €266,311 to €302,444
mainly Net result for the year (+€23,342) and Depreciation (+€14,729)
- Tangible fixed assets -€14,729
down €14,729 (-4.1%), from €359,005 to €344,276
of which Land and buildings: -€14,479
- Reserves +€23,342
up €23,342 (+18.7%), from €125,047 to €148,389
of which Non-distributable reserves: +€28,127
- Taxes -€8,336
down €8,336 (-49.5%), from €16,849 to €8,514
- Gross operating margin +€1,328
up €1,328 (+2.9%), from €45,857 to €47,185
- Financial income +€836
up €836 (+69.8%), from €1,198 to €2,034
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 | €625,316 | €646,720 | +€21,404 | +3.4% |
| Fixed assets | 21/28 | €359,005 | €344,276 | -€14,729 | -4.1% |
| Tangible fixed assets | 22/27 | €359,005 | €344,276 | -€14,729 | -4.1% |
| Land and buildings | 22 | €358,755 | €344,276 | -€14,479 | -4.0% |
| Plant, machinery and equipment | 23 | €250 | - | -€250 | |
| Current assets | 29/58 | €266,311 | €302,444 | +€36,133 | +13.6% |
| Cash at bank and in hand | 54/58 | €266,311 | €302,444 | +€36,133 | +13.6% |
| Total equity and liabilities | 10/49 | €625,316 | €646,720 | +€21,404 | +3.4% |
| Equity | 10/15 | €579,052 | €602,393 | +€23,342 | +4.0% |
| Contributions | 10/11 | €240,779 | €240,779 | = | 0.0% |
| Capital | 10 | €240,779 | €240,779 | = | 0.0% |
| Issued capital | 100 | €240,779 | €240,779 | = | 0.0% |
| Reserves | 13 | €125,047 | €148,389 | +€23,342 | +18.7% |
| Non-distributable reserves | 130/1 | €42,098 | €70,225 | +€28,127 | +66.8% |
| Legal reserve | 130 | €24,078 | €24,078 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,020 | €46,147 | +€28,127 | +156% |
| Tax-exempt reserves | 132 | €82,950 | €78,164 | -€4,786 | -5.8% |
| Profit (loss) carried forward | 14 | €213,225 | €213,225 | = | 0.0% |
| Provisions and deferred taxes | 16 | €42,713 | €40,248 | -€2,464 | -5.8% |
| Deferred taxes | 168 | €42,713 | €40,248 | -€2,464 | -5.8% |
| Amounts payable | 17/49 | €3,552 | €4,078 | +€527 | +14.8% |
| Amounts payable within one year | 42/48 | €2,720 | €4,078 | +€1,359 | +49.9% |
| Trade debts | 44 | - | €348 | +€348 | |
| Suppliers | 440/4 | - | €348 | +€348 | |
| Taxes, remuneration and social security | 45 | €1,802 | €2,813 | +€1,011 | +56.1% |
| Taxes | 450/3 | €1,802 | €2,813 | +€1,011 | +56.1% |
| Other amounts payable | 47/48 | €918 | €918 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €832 | - | -€832 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,506 | €14,729 | +€223 | +1.5% |
| Other operating charges | 640/8 | €4,868 | €5,021 | +€153 | +3.1% |
| Gross operating margin | 9900 | €45,857 | €47,185 | +€1,328 | +2.9% |
| Operating profit (loss) | 9901 | €26,483 | €27,435 | +€953 | +3.6% |
| Financial income | 75/76B | €1,198 | €2,034 | +€836 | +69.8% |
| Recurring financial income | 75 | €1,198 | €2,034 | +€836 | +69.8% |
| Financial charges | 65/66B | €61 | €78 | +€17 | +28.4% |
| Recurring financial charges | 65 | €61 | €78 | +€17 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €27,620 | €29,391 | +€1,772 | +6.4% |
| Transfer from deferred taxes | 780 | €2,464 | €2,464 | = | 0.0% |
| Income taxes | 67/77 | €16,849 | €8,514 | -€8,336 | -49.5% |
| Profit (loss) for the period | 9904 | €13,234 | €23,342 | +€10,107 | +76.4% |
| Transfer from tax-exempt reserves | 789 | €4,786 | €4,786 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,020 | €28,127 | +€10,107 | +56.1% |
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 16 October 2026 via checked.be.