KIOZ: 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.
KIOZ
Largest movements
- Stocks and contracts +€289,442
up €289,442 (+49.0%), from €590,849 to €880,291
of which Contracts in progress: +€251,961
- Current investments -€120,413
no longer reported in 2025 (was €120,413)
- Cash +€96,131
up €96,131 (+39.0%), from €246,200 to €342,331
mainly Net result for the year (+€144,769) and Current investments (+€120,413)
- Receivables within one year -€71,702
down €71,702 (-21.3%), from €336,018 to €264,317
of which Trade receivables: -€36,172
- Tangible fixed assets +€43,891
up €43,891 (+523.6%), from €8,383 to €52,274
- Reserves +€144,769
up €144,769 (+196.1%), from €73,808 to €218,577
of which Distributable reserves: +€133,577
- Tax, wage and social debts +€68,449
up €68,449 (+167.3%), from €40,906 to €109,355
of which Taxes: +€68,438
- Debts after one year +€28,791
new in 2025: €28,791
- Trade debts +€19,931
up €19,931 (+38.9%), from €51,294 to €71,225
- Gross operating margin +€60,946
up €60,946 (+21.6%), from €281,788 to €342,734
- Taxes +€29,524
up €29,524 (+112.7%), from €26,198 to €55,722
- Staff costs +€12,086
up €12,086 (+11.6%), from €103,890 to €115,976
- Depreciation +€11,758
up €11,758 (+99.1%), from €11,871 to €23,629
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 | €1,366,956 | €1,645,463 | +€278,507 | +20.4% |
| Formation expenses | 20 | €1,186 | €598 | -€588 | -49.6% |
| Fixed assets | 21/28 | €67,391 | €153,379 | +€85,989 | +127.6% |
| Intangible fixed assets | 21 | €59,007 | €101,105 | +€42,098 | +71.3% |
| Tangible fixed assets | 22/27 | €8,383 | €52,274 | +€43,891 | +523.6% |
| Furniture and vehicles | 24 | €8,383 | €52,274 | +€43,891 | +523.6% |
| Current assets | 29/58 | €1,298,380 | €1,491,486 | +€193,106 | +14.9% |
| Stocks and contracts in progress | 3 | €590,849 | €880,291 | +€289,442 | +49.0% |
| Stocks | 30/36 | - | €37,481 | +€37,481 | |
| Contracts in progress | 37 | €590,849 | €842,810 | +€251,961 | +42.6% |
| Amounts receivable within one year | 40/41 | €336,018 | €264,317 | -€71,702 | -21.3% |
| Trade receivables | 40 | €276,054 | €239,882 | -€36,172 | -13.1% |
| Other amounts receivable | 41 | €59,965 | €24,435 | -€35,530 | -59.3% |
| Current investments | 50/53 | €120,413 | - | -€120,413 | |
| Cash at bank and in hand | 54/58 | €246,200 | €342,331 | +€96,131 | +39.0% |
| Deferred charges and accrued income | 490/1 | €4,899 | €4,548 | -€351 | -7.2% |
| Total equity and liabilities | 10/49 | €1,366,956 | €1,645,463 | +€278,507 | +20.4% |
| Equity | 10/15 | €1,273,808 | €1,418,577 | +€144,769 | +11.4% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Capital | 10 | €1,200,000 | €1,200,000 | = | 0.0% |
| Issued capital | 100 | €1,200,000 | €1,200,000 | = | 0.0% |
| Reserves | 13 | €73,808 | €218,577 | +€144,769 | +196.1% |
| Non-distributable reserves | 130/1 | €3,808 | €15,000 | +€11,192 | +293.9% |
| Legal reserve | 130 | €3,808 | €15,000 | +€11,192 | +293.9% |
| Distributable reserves | 133 | €70,000 | €203,577 | +€133,577 | +190.8% |
| Amounts payable | 17/49 | €93,149 | €226,886 | +€133,738 | +143.6% |
| Amounts payable after more than one year | 17 | - | €28,791 | +€28,791 | |
| Financial debts | 170/4 | - | €28,791 | +€28,791 | |
| Amounts payable within one year | 42/48 | €93,149 | €198,095 | +€104,947 | +112.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,221 | +€8,221 | |
| Trade debts | 44 | €51,294 | €71,225 | +€19,931 | +38.9% |
| Suppliers | 440/4 | €51,294 | €71,225 | +€19,931 | +38.9% |
| Taxes, remuneration and social security | 45 | €40,906 | €109,355 | +€68,449 | +167.3% |
| Taxes | 450/3 | €27,530 | €95,968 | +€68,438 | +248.6% |
| Remuneration and social security | 454/9 | €13,376 | €13,387 | +€11 | +0.1% |
| Other amounts payable | 47/48 | €949 | €9,295 | +€8,346 | +879.9% |
| Remuneration, social security and pensions | 62 | €103,890 | €115,976 | +€12,086 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,871 | €23,629 | +€11,758 | +99.1% |
| Other operating charges | 640/8 | €884 | €1,582 | +€698 | +79.0% |
| Gross operating margin | 9900 | €281,788 | €342,734 | +€60,946 | +21.6% |
| Operating profit (loss) | 9901 | €165,144 | €201,547 | +€36,403 | +22.0% |
| Financial income | 75/76B | €2,048 | €1,195 | -€854 | -41.7% |
| Recurring financial income | 75 | €2,048 | €1,195 | -€854 | -41.7% |
| Financial charges | 65/66B | €260 | €2,250 | +€1,990 | +766.1% |
| Recurring financial charges | 65 | €260 | €2,250 | +€1,990 | +766.1% |
| Profit (loss) for the period before taxes | 9903 | €166,933 | €200,492 | +€33,559 | +20.1% |
| Income taxes | 67/77 | €26,198 | €55,722 | +€29,524 | +112.7% |
| Profit (loss) for the period | 9904 | €140,735 | €144,769 | +€4,035 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €140,735 | €144,769 | +€4,035 | +2.9% |
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.