KIJARO: 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.
KIJARO
Largest movements
- Tangible fixed assets -€92,924
down €92,924 (-9.7%), from €961,100 to €868,176
of which Leasing and similar rights: -€65,337
- Cash -€32,092
down €32,092 (-78.8%), from €40,733 to €8,641
mainly Debts after one year (-€84,357) and Current portion of long-term debt (-€52,711)
- Deferred charges and accrued income +€14,724
up €14,724 (+137.1%), from €10,738 to €25,462
- Debts after one year -€84,357
down €84,357 (-10.9%), from €771,718 to €687,360
of which Financial debts: -€84,357
- Reserves +€68,503
up €68,503 (+144.3%), from €47,467 to €115,969
- Current portion of long-term debt -€52,711
down €52,711 (-37.6%), from €140,307 to €87,596
- Trade debts -€23,649
down €23,649 (-60.2%), from €39,282 to €15,634
- Tax, wage and social debts -€15,504
down €15,504 (-79.3%), from €19,542 to €4,038
of which Taxes: -€11,815
- Gross operating margin +€87,779
up €87,779 (+54.8%), from €160,153 to €247,932
- Depreciation +€49,619
up €49,619 (+59.3%), from €83,686 to €133,305
- Taxes +€7,734
up €7,734 (+70.5%), from €10,974 to €18,708
- Financial charges +€6,124
up €6,124 (+51.1%), from €11,976 to €18,100
- Other operating charges +€3,370
up €3,370 (+55.6%), from €6,057 to €9,427
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 | €1,120,979 | €1,003,610 | -€117,369 | -10.5% |
| Fixed assets | 21/28 | €961,235 | €868,311 | -€92,924 | -9.7% |
| Tangible fixed assets | 22/27 | €961,100 | €868,176 | -€92,924 | -9.7% |
| Land and buildings | 22 | €496,859 | €490,982 | -€5,877 | -1.2% |
| Plant, machinery and equipment | 23 | €141,256 | €152,131 | +€10,875 | +7.7% |
| Furniture and vehicles | 24 | €183,783 | €151,198 | -€32,586 | -17.7% |
| Leasing and similar rights | 25 | €139,202 | €73,865 | -€65,337 | -46.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €159,744 | €135,299 | -€24,445 | -15.3% |
| Amounts receivable within one year | 40/41 | €108,272 | €101,196 | -€7,076 | -6.5% |
| Trade receivables | 40 | €51,019 | €70,309 | +€19,290 | +37.8% |
| Other amounts receivable | 41 | €57,253 | €30,886 | -€26,367 | -46.1% |
| Cash at bank and in hand | 54/58 | €40,733 | €8,641 | -€32,092 | -78.8% |
| Deferred charges and accrued income | 490/1 | €10,738 | €25,462 | +€14,724 | +137.1% |
| Total equity and liabilities | 10/49 | €1,120,979 | €1,003,610 | -€117,369 | -10.5% |
| Equity | 10/15 | €57,467 | €125,969 | +€68,503 | +119.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €47,467 | €115,969 | +€68,503 | +144.3% |
| Distributable reserves | 133 | €47,467 | €115,969 | +€68,503 | +144.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,063,512 | €877,641 | -€185,871 | -17.5% |
| Amounts payable after more than one year | 17 | €771,718 | €687,360 | -€84,357 | -10.9% |
| Financial debts | 170/4 | €491,718 | €407,360 | -€84,357 | -17.2% |
| Other amounts payable | 178/9 | €280,000 | €280,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €291,794 | €189,508 | -€102,286 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €140,307 | €87,596 | -€52,711 | -37.6% |
| Financial debts | 43 | €75,000 | €70,000 | -€5,000 | -6.7% |
| Credit institutions | 430/8 | €75,000 | €70,000 | -€5,000 | -6.7% |
| Trade debts | 44 | €39,282 | €15,634 | -€23,649 | -60.2% |
| Suppliers | 440/4 | €39,282 | €15,634 | -€23,649 | -60.2% |
| Taxes, remuneration and social security | 45 | €19,542 | €4,038 | -€15,504 | -79.3% |
| Taxes | 450/3 | €12,117 | €303 | -€11,815 | -97.5% |
| Remuneration and social security | 454/9 | €7,425 | €3,736 | -€3,689 | -49.7% |
| Other amounts payable | 47/48 | €17,663 | €12,240 | -€5,423 | -30.7% |
| Accrued charges and deferred income | 492/3 | €0 | €772 | +€772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,686 | €133,305 | +€49,619 | +59.3% |
| Other operating charges | 640/8 | €6,057 | €9,427 | +€3,370 | +55.6% |
| Gross operating margin | 9900 | €160,153 | €247,932 | +€87,779 | +54.8% |
| Operating profit (loss) | 9901 | €70,410 | €105,200 | +€34,790 | +49.4% |
| Financial income | 75/76B | €7 | €112 | +€104 | +1390.7% |
| Recurring financial income | 75 | €7 | €112 | +€104 | +1390.7% |
| Financial charges | 65/66B | €11,976 | €18,100 | +€6,124 | +51.1% |
| Recurring financial charges | 65 | €11,976 | €18,100 | +€6,124 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | €58,441 | €87,211 | +€28,770 | +49.2% |
| Income taxes | 67/77 | €10,974 | €18,708 | +€7,734 | +70.5% |
| Profit (loss) for the period | 9904 | €47,467 | €68,503 | +€21,036 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,467 | €68,503 | +€21,036 | +44.3% |
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.