KIOSUN 10: 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.
KIOSUN 10
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+27.0%), from €5.1m to €6.4m
of which Land and buildings: +€4.1m
- Intangible fixed assets +€1.3m
up €1.3m (+461%), from €291,529 to €1.6m
- Cash +€619,174
up €619,174 (+469%), from €131,884 to €751,057
mainly Debts after one year (+€5.2m) and Net result for the year (+€639,625)
- Receivables within one year +€464,877
up €464,877 (+51.8%), from €897,713 to €1.4m
of which Other amounts receivable: +€263,500
- Debts after one year +€5.2m
up €5.2m (+1,019%), from €506,388 to €5.7m
- Short-term financial debts -€2.3m
down €2.3m (-82.3%), from €2.8m to €500,000
- Profit (loss) carried forward +€904,020
up €904,020, from -€91,346 to €812,674
- Trade debts +€244,078
up €244,078 (+18.1%), from €1.4m to €1.6m
- Reserves -€198,296
no longer reported in 2025 (was €198,296)
- Gross operating margin +€748,796
up €748,796 (+273%), from €274,091 to €1.0m
- Financial charges +€163,827
up €163,827 (+376%), from €43,552 to €207,378
- Depreciation +€154,376
up €154,376 (+665%), from €23,224 to €177,601
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 | €6,386,845 | €10,182,907 | +€3.8m | +59.4% |
| Fixed assets | 21/28 | €5,353,609 | €8,065,621 | +€2.7m | +50.7% |
| Intangible fixed assets | 21 | €291,529 | €1,634,521 | +€1.3m | +461% |
| Tangible fixed assets | 22/27 | €5,062,080 | €6,431,101 | +€1.4m | +27.0% |
| Land and buildings | 22 | €1,476,596 | €5,618,353 | +€4.1m | +280% |
| Assets under construction and advance payments | 27 | €3,585,484 | €812,748 | -€2.8m | -77.3% |
| Current assets | 29/58 | €1,033,236 | €2,117,286 | +€1.1m | +105% |
| Amounts receivable within one year | 40/41 | €897,713 | €1,362,589 | +€464,877 | +51.8% |
| Trade receivables | 40 | €491,247 | €692,624 | +€201,376 | +41.0% |
| Other amounts receivable | 41 | €406,465 | €669,965 | +€263,500 | +64.8% |
| Cash at bank and in hand | 54/58 | €131,884 | €751,057 | +€619,174 | +469% |
| Deferred charges and accrued income | 490/1 | €3,639 | €3,639 | = | 0.0% |
| Total equity and liabilities | 10/49 | €6,386,845 | €10,182,907 | +€3.8m | +59.4% |
| Equity | 10/15 | €116,950 | €822,674 | +€705,724 | +603% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €198,296 | - | -€198,296 | |
| Tax-exempt reserves | 132 | €198,296 | - | -€198,296 | |
| Profit (loss) carried forward | 14 | -€91,346 | €812,674 | +€904,020 | |
| Provisions and deferred taxes | 16 | €66,099 | - | -€66,099 | |
| Deferred taxes | 168 | €66,099 | - | -€66,099 | |
| Amounts payable | 17/49 | €6,203,796 | €9,360,233 | +€3.2m | +50.9% |
| Amounts payable after more than one year | 17 | €506,388 | €5,667,956 | +€5.2m | +1,019% |
| Financial debts | 170/4 | €506,388 | €5,667,956 | +€5.2m | +1,019% |
| Amounts payable within one year | 42/48 | €5,697,408 | €3,692,277 | -€2.0m | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €25,116 | €99,750 | +€74,634 | +297% |
| Financial debts | 43 | €2,820,896 | €500,000 | -€2.3m | -82.3% |
| Credit institutions | 430/8 | €2,820,896 | €500,000 | -€2.3m | -82.3% |
| Trade debts | 44 | €1,351,910 | €1,595,988 | +€244,078 | +18.1% |
| Suppliers | 440/4 | €1,351,910 | €1,595,988 | +€244,078 | +18.1% |
| Advances received on contracts in progress | 46 | €9,987 | €9,987 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,177 | €98,774 | +€86,597 | +711% |
| Taxes | 450/3 | €12,177 | €98,774 | +€86,597 | +711% |
| Other amounts payable | 47/48 | €1,477,322 | €1,387,778 | -€89,545 | -6.1% |
| Non-recurring operating income | 76A | €13 | €0 | -€13 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,224 | €177,601 | +€154,376 | +665% |
| Other operating charges | 640/8 | €1,403 | €2,528 | +€1,124 | +80.1% |
| Gross operating margin | 9900 | €274,091 | €1,022,887 | +€748,796 | +273% |
| Operating profit (loss) | 9901 | €249,464 | €842,759 | +€593,295 | +238% |
| Financial income | 75/76B | €255 | €4,245 | +€3,990 | +1,567% |
| Recurring financial income | 75 | €255 | €4,245 | +€3,990 | +1,567% |
| Financial charges | 65/66B | €43,552 | €207,378 | +€163,827 | +376% |
| Recurring financial charges | 65 | €43,552 | €207,378 | +€163,827 | +376% |
| Profit (loss) for the period before taxes | 9903 | €206,167 | €639,625 | +€433,459 | +210% |
| Transfer to deferred taxes | 680 | €66,099 | - | -€66,099 | |
| Profit (loss) for the period | 9904 | €140,068 | €639,625 | +€499,557 | +357% |
| Transfer to tax-exempt reserves | 689 | €198,296 | - | -€198,296 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,228 | €639,625 | +€697,853 |
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 26 October 2026 via checked.be.