KIOR: 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.
KIOR
Largest movements
- Receivables within one year -€168,097
down €168,097 (-23.6%), from €713,451 to €545,354
of which Other amounts receivable: -€86,853
- Cash +€97,983
up €97,983 (+172.0%), from €56,978 to €154,961
mainly Receivables within one year (+€168,097) and Net result for the year (+€62,487)
- Short-term financial debts -€150,000
down €150,000 (-50.0%), from €300,000 to €150,000
- Reserves +€62,487
up €62,487 (+15.2%), from €410,558 to €473,045
of which Distributable reserves: +€62,487
- Trade debts +€25,183
up €25,183 (+107.1%), from €23,506 to €48,689
- Tax, wage and social debts -€20,921
down €20,921 (-63.4%), from €32,997 to €12,076
- Gross operating margin +€33,647
up €33,647 (+45.2%), from €74,513 to €108,160
- Taxes +€9,321
up €9,321 (+119.6%), from €7,791 to €17,112
- Financial charges -€9,192
down €9,192 (-52.5%), from €17,521 to €8,329
- Depreciation -€6,212
down €6,212 (-27.2%), from €22,823 to €16,611
- Financial income -€3,269
down €3,269 (-96.5%), from €3,389 to €120
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 | €830,020 | €746,171 | -€83,849 | -10.1% |
| Fixed assets | 21/28 | €54,151 | €45,856 | -€8,295 | -15.3% |
| Tangible fixed assets | 22/27 | €54,151 | €45,856 | -€8,295 | -15.3% |
| Plant, machinery and equipment | 23 | €29,638 | €21,430 | -€8,208 | -27.7% |
| Furniture and vehicles | 24 | €24,513 | €24,426 | -€87 | -0.4% |
| Current assets | 29/58 | €775,869 | €700,315 | -€75,554 | -9.7% |
| Amounts receivable within one year | 40/41 | €713,451 | €545,354 | -€168,097 | -23.6% |
| Trade receivables | 40 | €188,728 | €107,484 | -€81,244 | -43.0% |
| Other amounts receivable | 41 | €524,723 | €437,870 | -€86,853 | -16.6% |
| Cash at bank and in hand | 54/58 | €56,978 | €154,961 | +€97,983 | +172.0% |
| Deferred charges and accrued income | 490/1 | €5,440 | - | -€5,440 | |
| Total equity and liabilities | 10/49 | €830,020 | €746,171 | -€83,849 | -10.1% |
| Equity | 10/15 | €472,531 | €535,018 | +€62,487 | +13.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €410,558 | €473,045 | +€62,487 | +15.2% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | - | -€6,197 | |
| Reserves not available under the articles | 1311 | - | €6,197 | +€6,197 | |
| Tax-exempt reserves | 132 | €20,754 | €20,754 | = | 0.0% |
| Distributable reserves | 133 | €383,607 | €446,094 | +€62,487 | +16.3% |
| Amounts payable | 17/49 | €357,489 | €211,153 | -€146,336 | -40.9% |
| Amounts payable within one year | 42/48 | €356,503 | €210,765 | -€145,738 | -40.9% |
| Financial debts | 43 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Credit institutions | 430/8 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Trade debts | 44 | €23,506 | €48,689 | +€25,183 | +107.1% |
| Suppliers | 440/4 | €23,506 | €48,689 | +€25,183 | +107.1% |
| Taxes, remuneration and social security | 45 | €32,997 | €12,076 | -€20,921 | -63.4% |
| Taxes | 450/3 | €32,997 | €12,076 | -€20,921 | -63.4% |
| Accrued charges and deferred income | 492/3 | €986 | €388 | -€598 | -60.6% |
| Non-recurring operating income | 76A | €1,200 | €826 | -€374 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,823 | €16,611 | -€6,212 | -27.2% |
| Other operating charges | 640/8 | €3,337 | €3,741 | +€404 | +12.1% |
| Gross operating margin | 9900 | €74,513 | €108,160 | +€33,647 | +45.2% |
| Operating profit (loss) | 9901 | €48,353 | €87,808 | +€39,455 | +81.6% |
| Financial income | 75/76B | €3,389 | €120 | -€3,269 | -96.5% |
| Recurring financial income | 75 | €3,389 | €120 | -€3,269 | -96.5% |
| Financial charges | 65/66B | €17,521 | €8,329 | -€9,192 | -52.5% |
| Recurring financial charges | 65 | €17,521 | €8,329 | -€9,192 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €34,221 | €79,599 | +€45,378 | +132.6% |
| Income taxes | 67/77 | €7,791 | €17,112 | +€9,321 | +119.6% |
| Profit (loss) for the period | 9904 | €26,430 | €62,487 | +€36,057 | +136.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,430 | €62,487 | +€36,057 | +136.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.