KITE LAW: 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.
KITE LAW
Largest movements
- Cash +€45,917
up €45,917 (+457%), from €10,041 to €55,958
mainly Net result for the year (+€57,834) and Tax, wage and social debts (+€16,785)
- Receivables within one year +€29,673
up €29,673 (+218%), from €13,613 to €43,285
- Profit (loss) carried forward +€57,834
up €57,834 (+152,838%), from €38 to €57,872
- Tax, wage and social debts +€16,785
up €16,785 (+145%), from €11,580 to €28,364
- Gross operating margin +€57,294
up €57,294 (+271%), from €21,163 to €78,458
- Taxes +€16,703
up €16,703 (+412%), from €4,054 to €20,758
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 | €26,618 | €101,236 | +€74,618 | +280% |
| Fixed assets | 21/28 | €2,964 | €1,993 | -€971 | -32.8% |
| Tangible fixed assets | 22/27 | €2,964 | €1,993 | -€971 | -32.8% |
| Plant, machinery and equipment | 23 | €792 | €400 | -€392 | -49.5% |
| Furniture and vehicles | 24 | €2,172 | €1,593 | -€579 | -26.7% |
| Current assets | 29/58 | €23,654 | €99,244 | +€75,590 | +320% |
| Amounts receivable within one year | 40/41 | €13,613 | €43,285 | +€29,673 | +218% |
| Other amounts receivable | 41 | €13,613 | €43,285 | +€29,673 | +218% |
| Cash at bank and in hand | 54/58 | €10,041 | €55,958 | +€45,917 | +457% |
| Total equity and liabilities | 10/49 | €26,618 | €101,236 | +€74,618 | +280% |
| Equity | 10/15 | €15,038 | €72,872 | +€57,834 | +385% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38 | €57,872 | +€57,834 | +152,838% |
| Amounts payable | 17/49 | €11,580 | €28,364 | +€16,785 | +145% |
| Amounts payable within one year | 42/48 | €11,580 | €28,364 | +€16,785 | +145% |
| Taxes, remuneration and social security | 45 | €11,580 | €28,364 | +€16,785 | +145% |
| Taxes | 450/3 | €11,580 | €28,364 | +€16,785 | +145% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €964 | €971 | +€8 | +0.8% |
| Non-recurring operating charges | 66A | €384 | - | -€384 | |
| Gross operating margin | 9900 | €21,163 | €78,458 | +€57,294 | +271% |
| Operating profit (loss) | 9901 | €19,815 | €77,486 | +€57,671 | +291% |
| Financial income | 75/76B | €413 | €1,173 | +€760 | +184% |
| Recurring financial income | 75 | €413 | €1,173 | +€760 | +184% |
| Financial charges | 65/66B | €69 | €68 | -€1 | -1.5% |
| Recurring financial charges | 65 | €69 | €68 | -€1 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €20,159 | €78,592 | +€58,433 | +290% |
| Income taxes | 67/77 | €4,054 | €20,758 | +€16,703 | +412% |
| Profit (loss) for the period | 9904 | €16,105 | €57,834 | +€41,729 | +259% |
| Profit (loss) for the period to be appropriated | 9905 | €16,105 | €57,834 | +€41,729 | +259% |
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 25 October 2026 via checked.be.