KITALPHAR: 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.
KITALPHAR
Largest movements
- Tangible fixed assets -€41,856
down €41,856 (-8.8%), from €474,512 to €432,655
- Receivables within one year +€12,117
up €12,117 (+40.3%), from €30,083 to €42,200
- Debts after one year -€26,004
down €26,004 (-19.6%), from €132,462 to €106,457
- Provisions -€8,303
down €8,303 (-10.2%), from €81,643 to €73,340
- Tax, wage and social debts +€6,026
up €6,026 (+150.0%), from €4,017 to €10,044
- Taxes +€2,722
up €2,722 (+82.4%), from €3,305 to €6,026
- Financial charges -€2,573
down €2,573 (-30.7%), from €8,391 to €5,818
- Financial income +€757
new in 2025: €757
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 | €506,869 | €477,978 | -€28,892 | -5.7% |
| Fixed assets | 21/28 | €474,512 | €432,655 | -€41,856 | -8.8% |
| Tangible fixed assets | 22/27 | €474,512 | €432,655 | -€41,856 | -8.8% |
| Land and buildings | 22 | €474,512 | €432,655 | -€41,856 | -8.8% |
| Current assets | 29/58 | €32,358 | €45,322 | +€12,964 | +40.1% |
| Amounts receivable within one year | 40/41 | €30,083 | €42,200 | +€12,117 | +40.3% |
| Other amounts receivable | 41 | €30,083 | €42,200 | +€12,117 | +40.3% |
| Cash at bank and in hand | 54/58 | €1,624 | €1,993 | +€369 | +22.7% |
| Deferred charges and accrued income | 490/1 | €650 | €1,129 | +€479 | +73.6% |
| Total equity and liabilities | 10/49 | €506,869 | €477,978 | -€28,892 | -5.7% |
| Equity | 10/15 | €263,590 | €261,744 | -€1,846 | -0.7% |
| Contributions | 10/11 | €20,020 | €20,020 | = | 0.0% |
| Reserves | 13 | €242,343 | €241,719 | -€625 | -0.3% |
| Tax-exempt reserves | 132 | €158,553 | €142,429 | -€16,125 | -10.2% |
| Distributable reserves | 133 | €83,790 | €99,290 | +€15,500 | +18.5% |
| Profit (loss) carried forward | 14 | €1,227 | €5 | -€1,222 | -99.6% |
| Provisions and deferred taxes | 16 | €81,643 | €73,340 | -€8,303 | -10.2% |
| Deferred taxes | 168 | €81,643 | €73,340 | -€8,303 | -10.2% |
| Amounts payable | 17/49 | €161,637 | €142,894 | -€18,742 | -11.6% |
| Amounts payable after more than one year | 17 | €132,462 | €106,457 | -€26,004 | -19.6% |
| Financial debts | 170/4 | €132,462 | €106,457 | -€26,004 | -19.6% |
| Amounts payable within one year | 42/48 | €29,175 | €35,974 | +€6,799 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €24,258 | €25,446 | +€1,188 | +4.9% |
| Trade debts | 44 | €415 | - | -€415 | |
| Suppliers | 440/4 | €415 | - | -€415 | |
| Taxes, remuneration and social security | 45 | €4,017 | €10,044 | +€6,026 | +150.0% |
| Taxes | 450/3 | €4,017 | €10,044 | +€6,026 | +150.0% |
| Other amounts payable | 47/48 | €484 | €484 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €463 | +€463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,856 | €41,856 | = | 0.0% |
| Other operating charges | 640/8 | €2,796 | €2,884 | +€88 | +3.1% |
| Gross operating margin | 9900 | €45,588 | €45,679 | +€90 | +0.2% |
| Operating profit (loss) | 9901 | €936 | €938 | +€2 | +0.3% |
| Financial income | 75/76B | - | €757 | +€757 | |
| Recurring financial income | 75 | - | €757 | +€757 | |
| Financial charges | 65/66B | €8,391 | €5,818 | -€2,573 | -30.7% |
| Recurring financial charges | 65 | €8,391 | €5,818 | -€2,573 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,455 | -€4,123 | +€3,332 | +44.7% |
| Transfer from deferred taxes | 780 | €8,303 | €8,303 | = | 0.0% |
| Income taxes | 67/77 | €3,305 | €6,026 | +€2,722 | +82.4% |
| Profit (loss) for the period | 9904 | -€2,457 | -€1,846 | +€610 | +24.8% |
| Transfer from tax-exempt reserves | 789 | €16,125 | €16,125 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,668 | €14,278 | +€610 | +4.5% |
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 5 October 2026 via checked.be.