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
- Receivables within one year -€29,995
down €29,995 (-59.1%), from €50,770 to €20,775
of which Trade receivables: -€32,759
- Tangible fixed assets -€5,634
down €5,634 (-36.5%), from €15,419 to €9,786
- Cash +€5,356
up €5,356 (+9.1%), from €58,961 to €64,317
mainly Receivables within one year (+€29,995) and Depreciation (+€5,634)
- Profit (loss) carried forward -€19,953
down €19,953 (-49.2%), from €40,531 to €20,577
- Trade debts -€9,751
down €9,751 (-51.9%), from €18,804 to €9,053
- Gross operating margin -€35,626
down €35,626, from €28,306 to -€7,320
- Other operating charges +€1,271
up €1,271 (+118.7%), from €1,071 to €2,342
- Financial charges -€495
down €495 (-43.5%), from €1,137 to €642
- Taxes +€389
up €389 (+10.5%), from €3,722 to €4,111
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 | €125,150 | €95,119 | -€30,031 | -24.0% |
| Fixed assets | 21/28 | €15,419 | €9,786 | -€5,634 | -36.5% |
| Tangible fixed assets | 22/27 | €15,419 | €9,786 | -€5,634 | -36.5% |
| Furniture and vehicles | 24 | €15,419 | €9,786 | -€5,634 | -36.5% |
| Current assets | 29/58 | €109,731 | €85,334 | -€24,397 | -22.2% |
| Amounts receivable within one year | 40/41 | €50,770 | €20,775 | -€29,995 | -59.1% |
| Trade receivables | 40 | €45,243 | €12,484 | -€32,759 | -72.4% |
| Other amounts receivable | 41 | €5,527 | €8,291 | +€2,764 | +50.0% |
| Cash at bank and in hand | 54/58 | €58,961 | €64,317 | +€5,356 | +9.1% |
| Deferred charges and accrued income | 490/1 | - | €242 | +€242 | |
| Total equity and liabilities | 10/49 | €125,150 | €95,119 | -€30,031 | -24.0% |
| Equity | 10/15 | €106,019 | €86,066 | -€19,953 | -18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,889 | €46,889 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,029 | €45,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,531 | €20,577 | -€19,953 | -49.2% |
| Amounts payable | 17/49 | €19,131 | €9,053 | -€10,078 | -52.7% |
| Amounts payable within one year | 42/48 | €19,131 | €9,053 | -€10,078 | -52.7% |
| Trade debts | 44 | €18,804 | €9,053 | -€9,751 | -51.9% |
| Suppliers | 440/4 | €18,804 | €9,053 | -€9,751 | -51.9% |
| Taxes, remuneration and social security | 45 | €327 | - | -€327 | |
| Taxes | 450/3 | €327 | - | -€327 | |
| Remuneration, social security and pensions | 62 | - | €106 | +€106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,634 | €5,634 | = | 0.0% |
| Other operating charges | 640/8 | €1,071 | €2,342 | +€1,271 | +118.7% |
| Gross operating margin | 9900 | €28,306 | -€7,320 | -€35,626 | |
| Operating profit (loss) | 9901 | €21,601 | -€15,402 | -€37,003 | |
| Financial income | 75/76B | - | €202 | +€202 | |
| Recurring financial income | 75 | - | €202 | +€202 | |
| Financial charges | 65/66B | €1,137 | €642 | -€495 | -43.5% |
| Recurring financial charges | 65 | €1,137 | €642 | -€495 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €20,464 | -€15,842 | -€36,306 | |
| Income taxes | 67/77 | €3,722 | €4,111 | +€389 | +10.5% |
| Profit (loss) for the period | 9904 | €16,743 | -€19,953 | -€36,696 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,743 | -€19,953 | -€36,696 |
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.