KISSAN: 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.
KISSAN
Largest movements
- Tangible fixed assets +€567,714
up €567,714 (+148.8%), from €381,568 to €949,282
of which Land and buildings: +€557,434
- Cash -€119,877
down €119,877 (-66.2%), from €181,091 to €61,214
mainly Investment in fixed assets (net) (-€569,942) and Tax, wage and social debts (-€49,628)
- Receivables within one year +€46,679
up €46,679 (+236.2%), from €19,764 to €66,444
of which Trade receivables: +€44,601
- Debts after one year +€378,059
new in 2025: €378,059
- Trade debts +€156,546
up €156,546 (+1475.6%), from €10,609 to €167,155
- Tax, wage and social debts -€49,628
down €49,628 (-35.8%), from €138,710 to €89,082
of which Taxes: -€57,951
- Other debts -€47,113
down €47,113 (-28.9%), from €163,228 to €116,114
- Profit (loss) carried forward +€31,973
up €31,973 (+10.5%), from €303,437 to €335,410
- Staff costs +€24,977
up €24,977 (+56.4%), from €44,281 to €69,258
- Gross operating margin -€22,802
down €22,802 (-11.8%), from €192,423 to €169,621
- Other operating charges +€15,246
up €15,246 (+180.3%), from €8,456 to €23,702
- Taxes -€12,181
down €12,181 (-22.1%), from €55,045 to €42,864
- Depreciation -€11,686
down €11,686 (-84.0%), from €13,914 to €2,228
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 | €634,727 | €1,118,504 | +€483,778 | +76.2% |
| Fixed assets | 21/28 | €387,035 | €954,749 | +€567,714 | +146.7% |
| Tangible fixed assets | 22/27 | €381,568 | €949,282 | +€567,714 | +148.8% |
| Land and buildings | 22 | €375,192 | €932,626 | +€557,434 | +148.6% |
| Plant, machinery and equipment | 23 | €1,794 | €957 | -€837 | -46.7% |
| Furniture and vehicles | 24 | €4,582 | €3,889 | -€693 | -15.1% |
| Other tangible fixed assets | 26 | - | €11,810 | +€11,810 | |
| Financial fixed assets | 28 | €5,468 | €5,468 | = | 0.0% |
| Current assets | 29/58 | €247,691 | €163,755 | -€83,936 | -33.9% |
| Stocks and contracts in progress | 3 | €45,962 | €35,381 | -€10,581 | -23.0% |
| Stocks | 30/36 | €45,962 | €35,381 | -€10,581 | -23.0% |
| Amounts receivable within one year | 40/41 | €19,764 | €66,444 | +€46,679 | +236.2% |
| Trade receivables | 40 | €15,150 | €59,750 | +€44,601 | +294.4% |
| Other amounts receivable | 41 | €4,615 | €6,693 | +€2,079 | +45.0% |
| Cash at bank and in hand | 54/58 | €181,091 | €61,214 | -€119,877 | -66.2% |
| Deferred charges and accrued income | 490/1 | €874 | €716 | -€158 | -18.1% |
| Total equity and liabilities | 10/49 | €634,727 | €1,118,504 | +€483,778 | +76.2% |
| Equity | 10/15 | €322,181 | €354,153 | +€31,973 | +9.9% |
| Contributions | 10/11 | €18,686 | €18,686 | = | 0.0% |
| Reserves | 13 | €57 | €57 | = | 0.0% |
| Non-distributable reserves | 130/1 | €57 | €57 | = | 0.0% |
| Reserves not available under the articles | 1311 | €57 | €57 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,437 | €335,410 | +€31,973 | +10.5% |
| Amounts payable | 17/49 | €312,546 | €764,351 | +€451,805 | +144.6% |
| Amounts payable after more than one year | 17 | - | €378,059 | +€378,059 | |
| Financial debts | 170/4 | - | €378,059 | +€378,059 | |
| Amounts payable within one year | 42/48 | €312,546 | €386,291 | +€73,746 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | - | €13,941 | +€13,941 | |
| Trade debts | 44 | €10,609 | €167,155 | +€156,546 | +1475.6% |
| Suppliers | 440/4 | €10,609 | €167,155 | +€156,546 | +1475.6% |
| Taxes, remuneration and social security | 45 | €138,710 | €89,082 | -€49,628 | -35.8% |
| Taxes | 450/3 | €130,042 | €72,091 | -€57,951 | -44.6% |
| Remuneration and social security | 454/9 | €8,667 | €16,991 | +€8,323 | +96.0% |
| Other amounts payable | 47/48 | €163,228 | €116,114 | -€47,113 | -28.9% |
| Remuneration, social security and pensions | 62 | €44,281 | €69,258 | +€24,977 | +56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,914 | €2,228 | -€11,686 | -84.0% |
| Other operating charges | 640/8 | €8,456 | €23,702 | +€15,246 | +180.3% |
| Non-recurring operating charges | 66A | - | €550 | +€550 | |
| Gross operating margin | 9900 | €192,423 | €169,621 | -€22,802 | -11.8% |
| Operating profit (loss) | 9901 | €125,772 | €73,883 | -€51,889 | -41.3% |
| Financial income | 75/76B | €0 | €3 | +€3 | +10066.7% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +10066.7% |
| Financial charges | 65/66B | €503 | -€950 | -€1,453 | |
| Recurring financial charges | 65 | €503 | -€950 | -€1,453 | |
| Profit (loss) for the period before taxes | 9903 | €125,269 | €74,837 | -€50,433 | -40.3% |
| Income taxes | 67/77 | €55,045 | €42,864 | -€12,181 | -22.1% |
| Profit (loss) for the period | 9904 | €70,225 | €31,973 | -€38,252 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,225 | €31,973 | -€38,252 | -54.5% |
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.