KISHA: 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.
KISHA
Largest movements
- Cash +€22,319
up €22,319 (+39.5%), from €56,532 to €78,850
mainly Net result for the year (+€20,696) and Trade debts (+€14,311)
- Tangible fixed assets +€4,965
up €4,965 (+34.1%), from €14,545 to €19,510
of which Furniture and vehicles: +€5,533
- Receivables within one year +€3,332
up €3,332 (+11.3%), from €29,612 to €32,944
of which Trade receivables: +€7,572
- Reserves +€20,696
up €20,696 (+344.5%), from €6,007 to €26,703
of which Distributable reserves: +€20,696
- Trade debts +€14,311
up €14,311 (+561.5%), from €2,549 to €16,860
- Current portion of long-term debt -€3,402
down €3,402 (-83.2%), from €4,088 to €686
- Other debts -€3,244
down €3,244 (-4.9%), from €66,064 to €62,820
- Tax, wage and social debts +€1,686
up €1,686 (+44.7%), from €3,769 to €5,455
- Gross operating margin +€16,862
up €16,862 (+77.5%), from €21,761 to €38,623
- Taxes +€5,686
up €5,686 (+119.2%), from €4,769 to €10,455
- Financial income -€1,778
down €1,778 (-86.2%), from €2,062 to €284
- Financial charges -€536
down €536 (-57.8%), from €926 to €391
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 | €101,756 | €131,455 | +€29,699 | +29.2% |
| Fixed assets | 21/28 | €14,695 | €19,660 | +€4,965 | +33.8% |
| Intangible fixed assets | 21 | €100 | €100 | = | 0.0% |
| Tangible fixed assets | 22/27 | €14,545 | €19,510 | +€4,965 | +34.1% |
| Land and buildings | 22 | €8,081 | €7,613 | -€467 | -5.8% |
| Plant, machinery and equipment | 23 | €252 | €151 | -€101 | -40.1% |
| Furniture and vehicles | 24 | €6,213 | €11,746 | +€5,533 | +89.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €87,060 | €111,795 | +€24,734 | +28.4% |
| Amounts receivable within one year | 40/41 | €29,612 | €32,944 | +€3,332 | +11.3% |
| Trade receivables | 40 | €23,941 | €31,513 | +€7,572 | +31.6% |
| Other amounts receivable | 41 | €5,671 | €1,432 | -€4,240 | -74.8% |
| Cash at bank and in hand | 54/58 | €56,532 | €78,850 | +€22,319 | +39.5% |
| Deferred charges and accrued income | 490/1 | €916 | €0 | -€916 | -100.0% |
| Total equity and liabilities | 10/49 | €101,756 | €131,455 | +€29,699 | +29.2% |
| Equity | 10/15 | €24,599 | €45,295 | +€20,696 | +84.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,007 | €26,703 | +€20,696 | +344.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €4,148 | €24,844 | +€20,696 | +498.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €77,157 | €86,159 | +€9,002 | +11.7% |
| Amounts payable after more than one year | 17 | €686 | €0 | -€686 | -100.0% |
| Financial debts | 170/4 | €686 | €0 | -€686 | -100.0% |
| Amounts payable within one year | 42/48 | €76,471 | €86,159 | +€9,689 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €4,088 | €686 | -€3,402 | -83.2% |
| Financial debts | 43 | - | €337 | +€337 | |
| Credit institutions | 430/8 | - | €337 | +€337 | |
| Trade debts | 44 | €2,549 | €16,860 | +€14,311 | +561.5% |
| Suppliers | 440/4 | €2,549 | €16,860 | +€14,311 | +561.5% |
| Taxes, remuneration and social security | 45 | €3,769 | €5,455 | +€1,686 | +44.7% |
| Taxes | 450/3 | €3,769 | €5,455 | +€1,686 | +44.7% |
| Other amounts payable | 47/48 | €66,064 | €62,820 | -€3,244 | -4.9% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,731 | €6,035 | +€304 | +5.3% |
| Other operating charges | 640/8 | €1,073 | €1,330 | +€257 | +23.9% |
| Gross operating margin | 9900 | €21,761 | €38,623 | +€16,862 | +77.5% |
| Operating profit (loss) | 9901 | €14,957 | €31,258 | +€16,301 | +109.0% |
| Financial income | 75/76B | €2,062 | €284 | -€1,778 | -86.2% |
| Recurring financial income | 75 | €2,062 | €284 | -€1,778 | -86.2% |
| Financial charges | 65/66B | €926 | €391 | -€536 | -57.8% |
| Recurring financial charges | 65 | €926 | €391 | -€536 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €16,093 | €31,151 | +€15,059 | +93.6% |
| Income taxes | 67/77 | €4,769 | €10,455 | +€5,686 | +119.2% |
| Profit (loss) for the period | 9904 | €11,324 | €20,696 | +€9,373 | +82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,324 | €20,696 | +€9,373 | +82.8% |
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 4 October 2026 via checked.be.