KILENCO: 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.
KILENCO
Largest movements
- Current investments +€1.2m
up €1.2m (+66.9%), from €1.8m to €3.1m
- Cash -€880,144
down €880,144 (-77.9%), from €1.1m to €249,425
mainly Current investments (-€1.2m) and Investment in fixed assets (net) (-€214,310)
- Tangible fixed assets +€208,923
up €208,923 (+3,763%), from €5,552 to €214,476
of which Land and buildings: +€210,332
- Receivables within one year +€49,623
up €49,623 (+125%), from €39,813 to €89,436
of which Other amounts receivable: +€48,625
- Reserves +€586,067
up €586,067 (+16.9%), from €3.5m to €4.1m
- Tax, wage and social debts +€49,200
new in 2025: €49,200
- Financial income +€590,240
up €590,240 (+588%), from €100,385 to €690,625
- Taxes +€23,195
up €23,195 (+64.6%), from €35,920 to €59,115
- Financial charges +€8,360
up €8,360 (+688%), from €1,216 to €9,576
- Gross operating margin +€6,782
up €6,782 (+27.0%), from -€25,146 to -€18,364
- Other operating charges +€4,642
up €4,642 (+2,834%), from €164 to €4,806
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 | €4,011,998 | €4,613,241 | +€601,244 | +15.0% |
| Fixed assets | 21/28 | €1,013,424 | €1,222,348 | +€208,923 | +20.6% |
| Tangible fixed assets | 22/27 | €5,552 | €214,476 | +€208,923 | +3,763% |
| Land and buildings | 22 | - | €210,332 | +€210,332 | |
| Furniture and vehicles | 24 | €5,552 | €4,143 | -€1,409 | -25.4% |
| Financial fixed assets | 28 | €1,007,872 | €1,007,872 | = | 0.0% |
| Current assets | 29/58 | €2,998,573 | €3,390,894 | +€392,320 | +13.1% |
| Amounts receivable within one year | 40/41 | €39,813 | €89,436 | +€49,623 | +125% |
| Trade receivables | 40 | €2,444 | €3,442 | +€998 | +40.8% |
| Other amounts receivable | 41 | €37,369 | €85,994 | +€48,625 | +130% |
| Current investments | 50/53 | €1,829,191 | €3,052,033 | +€1.2m | +66.9% |
| Cash at bank and in hand | 54/58 | €1,129,569 | €249,425 | -€880,144 | -77.9% |
| Total equity and liabilities | 10/49 | €4,011,998 | €4,613,241 | +€601,244 | +15.0% |
| Equity | 10/15 | €3,636,227 | €4,227,375 | +€591,148 | +16.3% |
| Contributions | 10/11 | €176,500 | €176,500 | = | 0.0% |
| Reserves | 13 | €3,464,808 | €4,050,875 | +€586,067 | +16.9% |
| Distributable reserves | 133 | €3,464,808 | €4,050,875 | +€586,067 | +16.9% |
| Profit (loss) carried forward | 14 | -€5,081 | €0 | +€5,081 | |
| Amounts payable | 17/49 | €375,770 | €385,867 | +€10,096 | +2.7% |
| Amounts payable after more than one year | 17 | €306,950 | €267,811 | -€39,139 | -12.8% |
| Financial debts | 170/4 | €306,950 | €267,811 | -€39,139 | -12.8% |
| Amounts payable within one year | 42/48 | €68,820 | €118,055 | +€49,235 | +71.5% |
| Trade debts | 44 | - | €35 | +€35 | |
| Suppliers | 440/4 | - | €35 | +€35 | |
| Taxes, remuneration and social security | 45 | - | €49,200 | +€49,200 | |
| Taxes | 450/3 | - | €49,200 | +€49,200 | |
| Other amounts payable | 47/48 | €68,820 | €68,820 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,855 | - | -€2,855 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,552 | €5,387 | -€166 | -3.0% |
| Other operating charges | 640/8 | €164 | €4,806 | +€4,642 | +2,834% |
| Non-recurring operating charges | 66A | - | €2,230 | +€2,230 | |
| Gross operating margin | 9900 | -€25,146 | -€18,364 | +€6,782 | +27.0% |
| Operating profit (loss) | 9901 | -€33,717 | -€30,787 | +€2,930 | +8.7% |
| Financial income | 75/76B | €100,385 | €690,625 | +€590,240 | +588% |
| Recurring financial income | 75 | €100,385 | €690,625 | +€590,240 | +588% |
| Financial charges | 65/66B | €1,216 | €9,576 | +€8,360 | +688% |
| Recurring financial charges | 65 | €1,216 | €9,576 | +€8,360 | +688% |
| Profit (loss) for the period before taxes | 9903 | €65,452 | €650,262 | +€584,810 | +893% |
| Income taxes | 67/77 | €35,920 | €59,115 | +€23,195 | +64.6% |
| Profit (loss) for the period | 9904 | €29,532 | €591,148 | +€561,616 | +1,902% |
| Profit (loss) for the period to be appropriated | 9905 | €29,532 | €591,148 | +€561,616 | +1,902% |
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 27 October 2026 via checked.be.