KIITOS: 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.
KIITOS
Largest movements
- Financial fixed assets -€25,000
no longer reported in 2024 (was €25,000)
- Tangible fixed assets -€19,438
down €19,438 (-3.8%), from €512,701 to €493,263
of which Land and buildings: -€14,813
- Debts after one year -€39,731
down €39,731 (-14.8%), from €269,319 to €229,588
- Profit (loss) carried forward -€27,661
down €27,661 (-28.7%), from -€96,461 to -€124,122
- Other debts +€26,146
up €26,146 (+1937.0%), from €1,350 to €27,496
- Provisions -€9,181
down €9,181 (-19.8%), from €46,299 to €37,118
- Financial charges +€23,866
up €23,866 (+236.9%), from €10,073 to €33,939
of which Non-recurring financial charges: +€24,999
- Other operating charges +€4,268
up €4,268 (+2510.8%), from €170 to €4,438
- Gross operating margin -€1,631
down €1,631 (-6.3%), from €25,925 to €24,294
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €542,894 | €496,417 | -€46,476 | -8.6% |
| Fixed assets | 21/28 | €537,701 | €493,263 | -€44,438 | -8.3% |
| Tangible fixed assets | 22/27 | €512,701 | €493,263 | -€19,438 | -3.8% |
| Land and buildings | 22 | €499,344 | €484,532 | -€14,813 | -3.0% |
| Plant, machinery and equipment | 23 | €13,356 | €8,731 | -€4,625 | -34.6% |
| Financial fixed assets | 28 | €25,000 | - | -€25,000 | |
| Current assets | 29/58 | €5,193 | €3,155 | -€2,038 | -39.3% |
| Amounts receivable within one year | 40/41 | €2,135 | - | -€2,135 | |
| Other amounts receivable | 41 | €2,135 | - | -€2,135 | |
| Cash at bank and in hand | 54/58 | €125 | €423 | +€298 | +239.5% |
| Deferred charges and accrued income | 490/1 | €2,933 | €2,732 | -€201 | -6.9% |
| Total equity and liabilities | 10/49 | €542,894 | €496,417 | -€46,476 | -8.6% |
| Equity | 10/15 | €186,438 | €162,097 | -€24,340 | -13.1% |
| Contributions | 10/11 | €21,775 | €24,865 | +€3,090 | +14.2% |
| Revaluation surpluses | 12 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €111,123 | €111,354 | +€231 | +0.2% |
| Non-distributable reserves | 130/1 | €3,090 | - | -€3,090 | |
| Reserves not available under the articles | 1311 | €3,090 | - | -€3,090 | |
| Tax-exempt reserves | 132 | €108,033 | €111,354 | +€3,321 | +3.1% |
| Profit (loss) carried forward | 14 | -€96,461 | -€124,122 | -€27,661 | -28.7% |
| Provisions and deferred taxes | 16 | €46,299 | €37,118 | -€9,181 | -19.8% |
| Deferred taxes | 168 | €46,299 | €37,118 | -€9,181 | -19.8% |
| Amounts payable | 17/49 | €310,157 | €297,202 | -€12,954 | -4.2% |
| Amounts payable after more than one year | 17 | €269,319 | €229,588 | -€39,731 | -14.8% |
| Financial debts | 170/4 | €269,319 | €229,588 | -€39,731 | -14.8% |
| Amounts payable within one year | 42/48 | €40,837 | €67,227 | +€26,389 | +64.6% |
| Current portion of amounts payable after more than one year | 42 | €38,543 | €39,731 | +€1,188 | +3.1% |
| Trade debts | 44 | €945 | - | -€945 | |
| Suppliers | 440/4 | €945 | - | -€945 | |
| Other amounts payable | 47/48 | €1,350 | €27,496 | +€26,146 | +1937.0% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,438 | €19,438 | -€0 | 0.0% |
| Other operating charges | 640/8 | €170 | €4,438 | +€4,268 | +2510.8% |
| Gross operating margin | 9900 | €25,925 | €24,294 | -€1,631 | -6.3% |
| Operating profit (loss) | 9901 | €6,317 | €417 | -€5,900 | -93.4% |
| Financial charges | 65/66B | €10,073 | €33,939 | +€23,866 | +236.9% |
| Recurring financial charges | 65 | €10,073 | €8,940 | -€1,133 | -11.3% |
| Non-recurring financial charges | 66B | - | €24,999 | +€24,999 | |
| Profit (loss) for the period before taxes | 9903 | -€3,756 | -€33,522 | -€29,766 | -792.4% |
| Transfer from deferred taxes | 780 | €1,758 | €1,758 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€1,998 | -€31,764 | -€29,766 | -1489.8% |
| Transfer from tax-exempt reserves | 789 | €4,103 | €4,103 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,105 | -€27,661 | -€29,766 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.