KISACO: 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.
KISACO
Largest movements
- Tangible fixed assets +€88,547
up €88,547 (+30.5%), from €290,096 to €378,643
of which Land and buildings: +€93,645
- Cash +€32,368
up €32,368 (+10.3%), from €314,158 to €346,526
mainly Net result for the year (+€131,840) and Depreciation (+€16,068)
- Profit (loss) carried forward +€81,840
up €81,840 (+20.4%), from €400,786 to €482,626
- Reserves +€25,000
up €25,000 (+10.6%), from €236,860 to €261,860
of which Distributable reserves: +€25,000
- Gross operating margin -€97,673
down €97,673 (-31.1%), from €313,710 to €216,037
- Taxes -€15,966
down €15,966 (-22.1%), from €72,184 to €56,218
- Other operating charges +€10,092
up €10,092 (+1764.6%), from €572 to €10,664
- Depreciation +€4,669
up €4,669 (+41.0%), from €11,399 to €16,068
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 | €669,818 | €785,512 | +€115,694 | +17.3% |
| Fixed assets | 21/28 | €290,286 | €378,833 | +€88,547 | +30.5% |
| Tangible fixed assets | 22/27 | €290,096 | €378,643 | +€88,547 | +30.5% |
| Land and buildings | 22 | €254,947 | €348,592 | +€93,645 | +36.7% |
| Plant, machinery and equipment | 23 | - | €942 | +€942 | |
| Furniture and vehicles | 24 | €16,416 | €13,298 | -€3,117 | -19.0% |
| Other tangible fixed assets | 26 | €18,733 | €15,810 | -€2,923 | -15.6% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €379,532 | €406,679 | +€27,147 | +7.2% |
| Amounts receivable within one year | 40/41 | €61,244 | €54,636 | -€6,608 | -10.8% |
| Trade receivables | 40 | €38,319 | €37,209 | -€1,110 | -2.9% |
| Other amounts receivable | 41 | €22,925 | €17,427 | -€5,498 | -24.0% |
| Cash at bank and in hand | 54/58 | €314,158 | €346,526 | +€32,368 | +10.3% |
| Deferred charges and accrued income | 490/1 | €4,129 | €5,517 | +€1,387 | +33.6% |
| Total equity and liabilities | 10/49 | €669,818 | €785,512 | +€115,694 | +17.3% |
| Equity | 10/15 | €643,846 | €750,686 | +€106,840 | +16.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €236,860 | €261,860 | +€25,000 | +10.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €235,000 | €260,000 | +€25,000 | +10.6% |
| Profit (loss) carried forward | 14 | €400,786 | €482,626 | +€81,840 | +20.4% |
| Amounts payable | 17/49 | €25,971 | €34,825 | +€8,854 | +34.1% |
| Amounts payable within one year | 42/48 | €25,971 | €34,825 | +€8,854 | +34.1% |
| Trade debts | 44 | €2,573 | €3,838 | +€1,265 | +49.2% |
| Suppliers | 440/4 | €2,573 | €3,838 | +€1,265 | +49.2% |
| Taxes, remuneration and social security | 45 | €22,871 | €30,544 | +€7,673 | +33.5% |
| Taxes | 450/3 | €22,506 | €30,544 | +€8,037 | +35.7% |
| Remuneration and social security | 454/9 | €364 | €0 | -€364 | -100.0% |
| Other amounts payable | 47/48 | €528 | €443 | -€84 | -16.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,399 | €16,068 | +€4,669 | +41.0% |
| Other operating charges | 640/8 | €572 | €10,664 | +€10,092 | +1764.6% |
| Gross operating margin | 9900 | €313,710 | €216,037 | -€97,673 | -31.1% |
| Operating profit (loss) | 9901 | €301,739 | €189,305 | -€112,434 | -37.3% |
| Financial income | 75/76B | €837 | €687 | -€150 | -17.9% |
| Recurring financial income | 75 | €837 | €687 | -€150 | -17.9% |
| Financial charges | 65/66B | €1,673 | €1,934 | +€261 | +15.6% |
| Recurring financial charges | 65 | €1,673 | €1,934 | +€261 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €300,903 | €188,058 | -€112,845 | -37.5% |
| Income taxes | 67/77 | €72,184 | €56,218 | -€15,966 | -22.1% |
| Profit (loss) for the period | 9904 | €228,719 | €131,840 | -€96,879 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €228,719 | €131,840 | -€96,879 | -42.4% |
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.