KIOSUN 20: 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 20
Largest movements
- Tangible fixed assets +€683,850
up €683,850 (+686%), from €99,686 to €783,535
of which Land and buildings: +€362,305
- Receivables within one year +€102,783
up €102,783 (+3,995%), from €2,573 to €105,356
of which Other amounts receivable: +€71,574
- Intangible fixed assets +€81,037
up €81,037, from €0 to €81,037
- Trade debts +€469,682
up €469,682 (+487%), from €96,421 to €566,103
- Other debts +€322,787
up €322,787 (+3,895%), from €8,287 to €331,074
- Tax, wage and social debts +€74,032
up €74,032 (+216,784%), from €34 to €74,066
- Gross operating margin +€23,548
up €23,548, from -€5,167 to €18,381
- Depreciation +€8,416
new in 2025: €8,416
- Financial charges +€8,398
up €8,398 (+6,528%), from €129 to €8,526
- Other operating charges +€1,314
up €1,314, from €0 to €1,314
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 | €104,942 | €971,567 | +€866,625 | +826% |
| Fixed assets | 21/28 | €99,686 | €864,572 | +€764,887 | +767% |
| Intangible fixed assets | 21 | €0 | €81,037 | +€81,037 | |
| Tangible fixed assets | 22/27 | €99,686 | €783,535 | +€683,850 | +686% |
| Land and buildings | 22 | - | €362,305 | +€362,305 | |
| Assets under construction and advance payments | 27 | €99,686 | €421,230 | +€321,544 | +323% |
| Current assets | 29/58 | €5,256 | €106,995 | +€101,738 | +1,935% |
| Amounts receivable within one year | 40/41 | €2,573 | €105,356 | +€102,783 | +3,995% |
| Trade receivables | 40 | - | €31,209 | +€31,209 | |
| Other amounts receivable | 41 | €2,573 | €74,147 | +€71,574 | +2,782% |
| Cash at bank and in hand | 54/58 | €961 | €727 | -€234 | -24.3% |
| Deferred charges and accrued income | 490/1 | €1,722 | €911 | -€811 | -47.1% |
| Total equity and liabilities | 10/49 | €104,942 | €971,567 | +€866,625 | +826% |
| Equity | 10/15 | €200 | €324 | +€124 | +62.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,800 | -€9,676 | +€124 | +1.3% |
| Amounts payable | 17/49 | €104,742 | €971,243 | +€866,500 | +827% |
| Amounts payable within one year | 42/48 | €104,742 | €971,243 | +€866,500 | +827% |
| Trade debts | 44 | €96,421 | €566,103 | +€469,682 | +487% |
| Suppliers | 440/4 | €96,421 | €566,103 | +€469,682 | +487% |
| Taxes, remuneration and social security | 45 | €34 | €74,066 | +€74,032 | +216,784% |
| Taxes | 450/3 | €34 | €74,066 | +€74,032 | +216,784% |
| Other amounts payable | 47/48 | €8,287 | €331,074 | +€322,787 | +3,895% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,416 | +€8,416 | |
| Other operating charges | 640/8 | €0 | €1,314 | +€1,314 | |
| Gross operating margin | 9900 | -€5,167 | €18,381 | +€23,548 | |
| Operating profit (loss) | 9901 | -€5,167 | €8,651 | +€13,818 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €129 | €8,526 | +€8,398 | +6,528% |
| Recurring financial charges | 65 | €129 | €8,526 | +€8,398 | +6,528% |
| Profit (loss) for the period before taxes | 9903 | -€5,291 | €124 | +€5,415 | |
| Profit (loss) for the period | 9904 | -€5,291 | €124 | +€5,415 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,291 | €124 | +€5,415 |
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.