KIKOTEC: 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.
KIKOTEC
Largest movements
- Receivables within one year -€70,151
down €70,151 (-71.9%), from €97,587 to €27,436
of which Trade receivables: -€70,810
- Cash -€38,322
down €38,322 (-36.7%), from €104,515 to €66,194
mainly Net result for the year (-€128,802) and Investment in fixed assets (net) (-€86,677)
- Tangible fixed assets +€24,333
up €24,333 (+28.9%), from €84,186 to €108,519
of which Other tangible fixed assets: +€27,262
- Profit (loss) carried forward -€128,802
down €128,802 (-124%), from -€104,103 to -€232,904
- Trade debts +€97,381
up €97,381 (+40.9%), from €238,279 to €335,660
- Debts after one year -€37,023
down €37,023 (-25.0%), from €148,043 to €111,020
- Tax, wage and social debts -€6,969
down €6,969 (-22.9%), from €30,388 to €23,419
of which Taxes: -€4,107
- Current portion of long-term debt -€4,410
down €4,410 (-10.6%), from €41,433 to €37,023
- Gross operating margin -€48,591
down €48,591 (-26.5%), from €183,641 to €135,050
- Depreciation +€15,408
up €15,408 (+32.7%), from €47,106 to €62,514
- Staff costs +€10,274
up €10,274 (+6.2%), from €165,012 to €175,286
- Other operating charges +€6,783
up €6,783 (+276%), from €2,457 to €9,239
- Financial income +€3,539
new in 2025: €3,539
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 | €380,215 | €296,470 | -€83,744 | -22.0% |
| Fixed assets | 21/28 | €84,406 | €108,569 | +€24,163 | +28.6% |
| Intangible fixed assets | 21 | €170 | - | -€170 | |
| Tangible fixed assets | 22/27 | €84,186 | €108,519 | +€24,333 | +28.9% |
| Plant, machinery and equipment | 23 | €5,947 | €3,959 | -€1,989 | -33.4% |
| Furniture and vehicles | 24 | €1,638 | €698 | -€940 | -57.4% |
| Other tangible fixed assets | 26 | €76,601 | €103,863 | +€27,262 | +35.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €295,808 | €187,901 | -€107,907 | -36.5% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €81,163 | €81,163 | = | 0.0% |
| Stocks | 30/36 | €81,163 | €81,163 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €97,587 | €27,436 | -€70,151 | -71.9% |
| Trade receivables | 40 | €82,033 | €11,223 | -€70,810 | -86.3% |
| Other amounts receivable | 41 | €15,554 | €16,213 | +€659 | +4.2% |
| Cash at bank and in hand | 54/58 | €104,515 | €66,194 | -€38,322 | -36.7% |
| Deferred charges and accrued income | 490/1 | €2,543 | €3,108 | +€565 | +22.2% |
| Total equity and liabilities | 10/49 | €380,215 | €296,470 | -€83,744 | -22.0% |
| Equity | 10/15 | -€85,271 | -€214,073 | -€128,802 | -151% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €232 | €232 | = | 0.0% |
| Tax-exempt reserves | 132 | €232 | €232 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,103 | -€232,904 | -€128,802 | -124% |
| Amounts payable | 17/49 | €465,485 | €510,543 | +€45,058 | +9.7% |
| Amounts payable after more than one year | 17 | €148,043 | €111,020 | -€37,023 | -25.0% |
| Financial debts | 170/4 | €148,043 | €111,020 | -€37,023 | -25.0% |
| Amounts payable within one year | 42/48 | €310,100 | €396,103 | +€86,003 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €41,433 | €37,023 | -€4,410 | -10.6% |
| Trade debts | 44 | €238,279 | €335,660 | +€97,381 | +40.9% |
| Suppliers | 440/4 | €238,279 | €335,660 | +€97,381 | +40.9% |
| Taxes, remuneration and social security | 45 | €30,388 | €23,419 | -€6,969 | -22.9% |
| Taxes | 450/3 | €4,181 | €74 | -€4,107 | -98.2% |
| Remuneration and social security | 454/9 | €26,207 | €23,345 | -€2,862 | -10.9% |
| Accrued charges and deferred income | 492/3 | €7,342 | €3,420 | -€3,922 | -53.4% |
| Remuneration, social security and pensions | 62 | €165,012 | €175,286 | +€10,274 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,106 | €62,514 | +€15,408 | +32.7% |
| Other operating charges | 640/8 | €2,457 | €9,239 | +€6,783 | +276% |
| Gross operating margin | 9900 | €183,641 | €135,050 | -€48,591 | -26.5% |
| Operating profit (loss) | 9901 | -€30,934 | -€111,989 | -€81,056 | -262% |
| Financial income | 75/76B | - | €3,539 | +€3,539 | |
| Recurring financial income | 75 | - | €3,539 | +€3,539 | |
| Financial charges | 65/66B | €18,918 | €20,352 | +€1,434 | +7.6% |
| Recurring financial charges | 65 | €18,918 | €20,352 | +€1,434 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | -€49,852 | -€128,802 | -€78,950 | -158% |
| Profit (loss) for the period | 9904 | -€49,852 | -€128,802 | -€78,950 | -158% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,852 | -€128,802 | -€78,950 | -158% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.