KIM: 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.
KIM
Largest movements
- Cash -€753,705
down €753,705 (-67.9%), from €1.1m to €356,929
mainly Other debts (-€882,000) and Debts after one year (-€477,280)
- Other debts -€882,000
no longer reported in 2025 (was €882,000)
- Reserves +€650,541
up €650,541 (+210.3%), from €309,380 to €959,922
- Debts after one year -€477,280
down €477,280 (-84.5%), from €565,132 to €87,852
- Provisions -€75,020
no longer reported in 2025 (was €75,020)
- Financial income +€487,492
up €487,492 (+37499.4%), from €1,300 to €488,792
- Gross operating margin -€147,303
down €147,303 (-36.1%), from €408,540 to €261,236
- Financial charges +€90,337
up €90,337 (+372.4%), from €24,259 to €114,596
- Provisions -€75,020
new in 2025: -€75,020
- Taxes -€9,861
down €9,861 (-15.5%), from €63,778 to €53,917
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 | €4,028,560 | €3,244,458 | -€784,102 | -19.5% |
| Fixed assets | 21/28 | €681,000 | €681,000 | = | 0.0% |
| Financial fixed assets | 28 | €681,000 | €681,000 | = | 0.0% |
| Current assets | 29/58 | €3,347,560 | €2,563,458 | -€784,102 | -23.4% |
| Amounts receivable after more than one year | 29 | €13,991 | €4,443 | -€9,548 | -68.2% |
| Other amounts receivable | 291 | €13,991 | €4,443 | -€9,548 | -68.2% |
| Stocks and contracts in progress | 3 | €2,203,542 | €2,177,890 | -€25,652 | -1.2% |
| Stocks | 30/36 | €2,203,542 | €2,177,890 | -€25,652 | -1.2% |
| Amounts receivable within one year | 40/41 | €19,112 | €24,196 | +€5,083 | +26.6% |
| Other amounts receivable | 41 | €19,112 | €24,196 | +€5,083 | +26.6% |
| Cash at bank and in hand | 54/58 | €1,110,634 | €356,929 | -€753,705 | -67.9% |
| Deferred charges and accrued income | 490/1 | €281 | - | -€281 | |
| Total equity and liabilities | 10/49 | €4,028,560 | €3,244,458 | -€784,102 | -19.5% |
| Equity | 10/15 | €1,198,565 | €1,849,106 | +€650,541 | +54.3% |
| Contributions | 10/11 | €889,184 | €889,184 | = | 0.0% |
| Reserves | 13 | €309,380 | €959,922 | +€650,541 | +210.3% |
| Distributable reserves | 133 | €309,380 | €959,922 | +€650,541 | +210.3% |
| Provisions and deferred taxes | 16 | €75,020 | - | -€75,020 | |
| Provisions for liabilities and charges | 160/5 | €75,020 | - | -€75,020 | |
| Other liabilities and charges | 164/5 | €75,020 | - | -€75,020 | |
| Amounts payable | 17/49 | €2,754,976 | €1,395,352 | -€1.4m | -49.4% |
| Amounts payable after more than one year | 17 | €565,132 | €87,852 | -€477,280 | -84.5% |
| Other amounts payable | 178/9 | €565,132 | €87,852 | -€477,280 | -84.5% |
| Amounts payable within one year | 42/48 | €2,189,844 | €1,307,500 | -€882,344 | -40.3% |
| Financial debts | 43 | €1,307,500 | €1,307,500 | = | 0.0% |
| Credit institutions | 430/8 | €1,307,500 | €1,307,500 | = | 0.0% |
| Trade debts | 44 | €344 | - | -€344 | |
| Suppliers | 440/4 | €344 | - | -€344 | |
| Other amounts payable | 47/48 | €882,000 | - | -€882,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€75,020 | -€75,020 | |
| Other operating charges | 640/8 | €12,928 | €5,994 | -€6,935 | -53.6% |
| Gross operating margin | 9900 | €408,540 | €261,236 | -€147,303 | -36.1% |
| Operating profit (loss) | 9901 | €395,611 | €330,262 | -€65,349 | -16.5% |
| Financial income | 75/76B | €1,300 | €488,792 | +€487,492 | +37499.4% |
| Recurring financial income | 75 | €1,300 | €488,792 | +€487,492 | +37499.4% |
| Financial charges | 65/66B | €24,259 | €114,596 | +€90,337 | +372.4% |
| Recurring financial charges | 65 | €24,259 | €114,596 | +€90,337 | +372.4% |
| Profit (loss) for the period before taxes | 9903 | €372,652 | €704,458 | +€331,806 | +89.0% |
| Income taxes | 67/77 | €63,778 | €53,917 | -€9,861 | -15.5% |
| Profit (loss) for the period | 9904 | €308,875 | €650,541 | +€341,667 | +110.6% |
| Profit (loss) for the period to be appropriated | 9905 | €308,875 | €650,541 | +€341,667 | +110.6% |
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 7 October 2026 via checked.be.