Kiowa: 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.
Kiowa
Largest movements
- Receivables within one year -€8,278
down €8,278 (-21.8%), from €37,990 to €29,712
of which Other amounts receivable: -€7,122
- Tangible fixed assets -€3,049
down €3,049 (-36.1%), from €8,447 to €5,398
of which Plant, machinery and equipment: -€1,968
- Deferred charges and accrued income -€638
no longer reported in 2025 (was €638)
- Trade debts -€9,517
down €9,517 (-78.9%), from €12,066 to €2,548
- Debts after one year -€7,774
down €7,774 (-61.7%), from €12,598 to €4,824
- Profit (loss) carried forward +€5,664
no longer reported in 2025 (was -€5,664)
- Short-term financial debts -€2,555
no longer reported in 2025 (was €2,555)
- Current portion of long-term debt +€1,732
up €1,732 (+28.7%), from €6,042 to €7,774
- Gross operating margin +€19,494
up €19,494 (+200%), from €9,724 to €29,218
- Financial charges +€10,994
up €10,994 (+123%), from €8,938 to €19,932
of which Financial charges: +€14,127
- Other operating charges -€3,430
down €3,430 (-87.6%), from €3,913 to €484
- Taxes +€1,339
up €1,339 (+278%), from €481 to €1,820
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 | €50,640 | €38,382 | -€12,258 | -24.2% |
| Fixed assets | 21/28 | €8,447 | €5,398 | -€3,049 | -36.1% |
| Tangible fixed assets | 22/27 | €8,447 | €5,398 | -€3,049 | -36.1% |
| Plant, machinery and equipment | 23 | €5,448 | €3,480 | -€1,968 | -36.1% |
| Furniture and vehicles | 24 | €2,999 | €1,918 | -€1,081 | -36.0% |
| Current assets | 29/58 | €42,194 | €32,984 | -€9,209 | -21.8% |
| Stocks and contracts in progress | 3 | €2,650 | €2,650 | = | 0.0% |
| Stocks | 30/36 | €2,650 | €2,650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,990 | €29,712 | -€8,278 | -21.8% |
| Trade receivables | 40 | €1,156 | - | -€1,156 | |
| Other amounts receivable | 41 | €36,834 | €29,712 | -€7,122 | -19.3% |
| Cash at bank and in hand | 54/58 | €915 | €622 | -€293 | -32.0% |
| Deferred charges and accrued income | 490/1 | €638 | - | -€638 | |
| Total equity and liabilities | 10/49 | €50,640 | €38,382 | -€12,258 | -24.2% |
| Equity | 10/15 | -€3,664 | €2,095 | +€5,759 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €95 | +€95 | |
| Distributable reserves | 133 | - | €95 | +€95 | |
| Profit (loss) carried forward | 14 | -€5,664 | - | +€5,664 | |
| Amounts payable | 17/49 | €54,305 | €36,288 | -€18,017 | -33.2% |
| Amounts payable after more than one year | 17 | €12,598 | €4,824 | -€7,774 | -61.7% |
| Financial debts | 170/4 | €12,598 | €4,824 | -€7,774 | -61.7% |
| Amounts payable within one year | 42/48 | €41,707 | €31,464 | -€10,243 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €6,042 | €7,774 | +€1,732 | +28.7% |
| Financial debts | 43 | €2,555 | - | -€2,555 | |
| Credit institutions | 430/8 | €2,555 | - | -€2,555 | |
| Trade debts | 44 | €12,066 | €2,548 | -€9,517 | -78.9% |
| Suppliers | 440/4 | €12,066 | €2,548 | -€9,517 | -78.9% |
| Taxes, remuneration and social security | 45 | €21,044 | €21,141 | +€97 | +0.5% |
| Taxes | 450/3 | €21,044 | €21,141 | +€97 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,847 | €3,049 | +€202 | +7.1% |
| Other operating charges | 640/8 | €3,913 | €484 | -€3,430 | -87.6% |
| Gross operating margin | 9900 | €9,724 | €29,218 | +€19,494 | +200% |
| Operating profit (loss) | 9901 | €2,965 | €25,686 | +€22,721 | +766% |
| Financial income | 75/76B | €1,929 | €1,825 | -€104 | -5.4% |
| Recurring financial income | 75 | €1,929 | €1,825 | -€104 | -5.4% |
| Financial charges | 65/66B | €8,938 | €19,932 | +€10,994 | +123% |
| Recurring financial charges | 65 | €5,805 | €19,932 | +€14,127 | +243% |
| Non-recurring financial charges | 66B | €3,133 | - | -€3,133 | |
| Profit (loss) for the period before taxes | 9903 | -€4,044 | €7,579 | +€11,623 | |
| Income taxes | 67/77 | €481 | €1,820 | +€1,339 | +278% |
| Profit (loss) for the period | 9904 | -€4,525 | €5,759 | +€10,284 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,525 | €5,759 | +€10,284 |
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.