KISMETIM: 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.
KISMETIM
Largest movements
- Receivables within one year +€47,447
up €47,447 (+121%), from €39,255 to €86,702
of which Trade receivables: +€55,721
- Cash +€42,840
up €42,840 (+327%), from €13,116 to €55,956
mainly Trade debts (+€50,720) and Tax, wage and social debts (+€24,145)
- Tangible fixed assets -€12,074
down €12,074 (-59.4%), from €20,323 to €8,249
of which Plant, machinery and equipment: -€7,019
- Trade debts +€50,720
up €50,720 (+242%), from €20,937 to €71,657
- Tax, wage and social debts +€24,145
up €24,145 (+96.9%), from €24,924 to €49,070
of which Remuneration and social security: +€16,489
- Profit (loss) carried forward +€21,260
up €21,260 (+45.9%), from €46,348 to €67,608
- Current portion of long-term debt -€14,208
down €14,208 (-65.6%), from €21,671 to €7,463
- Debts after one year -€5,475
down €5,475 (-44.3%), from €12,345 to €6,870
- Gross operating margin -€15,260
down €15,260 (-21.5%), from €71,136 to €55,876
- Taxes -€14,065
down €14,065 (-54.4%), from €25,864 to €11,798
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 | €134,355 | €212,923 | +€78,567 | +58.5% |
| Fixed assets | 21/28 | €20,323 | €8,249 | -€12,074 | -59.4% |
| Tangible fixed assets | 22/27 | €20,323 | €8,249 | -€12,074 | -59.4% |
| Plant, machinery and equipment | 23 | €9,524 | €2,505 | -€7,019 | -73.7% |
| Furniture and vehicles | 24 | - | €1,042 | +€1,042 | |
| Other tangible fixed assets | 26 | €10,799 | €4,701 | -€6,098 | -56.5% |
| Current assets | 29/58 | €114,032 | €204,673 | +€90,642 | +79.5% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,016 | €1,016 | = | 0.0% |
| Stocks | 30/36 | €1,016 | €1,016 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,255 | €86,702 | +€47,447 | +121% |
| Trade receivables | 40 | - | €55,721 | +€55,721 | |
| Other amounts receivable | 41 | €39,255 | €30,981 | -€8,275 | -21.1% |
| Cash at bank and in hand | 54/58 | €13,116 | €55,956 | +€42,840 | +327% |
| Deferred charges and accrued income | 490/1 | €645 | €1,000 | +€355 | +55.1% |
| Total equity and liabilities | 10/49 | €134,355 | €212,923 | +€78,567 | +58.5% |
| Equity | 10/15 | €54,408 | €75,668 | +€21,260 | +39.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,348 | €67,608 | +€21,260 | +45.9% |
| Amounts payable | 17/49 | €79,947 | €137,255 | +€57,308 | +71.7% |
| Amounts payable after more than one year | 17 | €12,345 | €6,870 | -€5,475 | -44.3% |
| Financial debts | 170/4 | €12,345 | €6,870 | -€5,475 | -44.3% |
| Amounts payable within one year | 42/48 | €67,602 | €130,385 | +€62,782 | +92.9% |
| Current portion of amounts payable after more than one year | 42 | €21,671 | €7,463 | -€14,208 | -65.6% |
| Financial debts | 43 | - | €2,067 | +€2,067 | |
| Credit institutions | 430/8 | - | €2,067 | +€2,067 | |
| Trade debts | 44 | €20,937 | €71,657 | +€50,720 | +242% |
| Suppliers | 440/4 | €20,937 | €71,657 | +€50,720 | +242% |
| Taxes, remuneration and social security | 45 | €24,924 | €49,070 | +€24,145 | +96.9% |
| Taxes | 450/3 | €24,924 | €32,580 | +€7,656 | +30.7% |
| Remuneration and social security | 454/9 | - | €16,489 | +€16,489 | |
| Other amounts payable | 47/48 | €71 | €128 | +€57 | +80.8% |
| Remuneration, social security and pensions | 62 | €369 | - | -€369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,247 | €13,178 | -€68 | -0.5% |
| Other operating charges | 640/8 | €4,776 | €5,408 | +€632 | +13.2% |
| Gross operating margin | 9900 | €71,136 | €55,876 | -€15,260 | -21.5% |
| Operating profit (loss) | 9901 | €52,744 | €37,290 | -€15,455 | -29.3% |
| Financial income | 75/76B | €135 | €0 | -€135 | -100.0% |
| Recurring financial income | 75 | €135 | €0 | -€135 | -100.0% |
| Financial charges | 65/66B | €4,110 | €4,232 | +€121 | +3.0% |
| Recurring financial charges | 65 | €4,110 | €4,232 | +€121 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €48,769 | €33,058 | -€15,711 | -32.2% |
| Income taxes | 67/77 | €25,864 | €11,798 | -€14,065 | -54.4% |
| Profit (loss) for the period | 9904 | €22,905 | €21,260 | -€1,646 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,905 | €21,260 | -€1,646 | -7.2% |
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 31 October 2026 via checked.be.