KITEC: 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.
KITEC
Largest movements
- Cash -€24,318
down €24,318 (-96.3%), from €25,264 to €946
mainly Tax, wage and social debts (-€27,078) and Other debts (-€25,123)
- Tangible fixed assets -€13,433
down €13,433 (-32.6%), from €41,204 to €27,771
of which Leasing and similar rights: -€12,504
- Receivables within one year -€13,278
down €13,278 (-9.0%), from €147,013 to €133,736
of which Trade receivables: -€14,663
- Tax, wage and social debts -€27,078
down €27,078 (-48.2%), from €56,223 to €29,145
of which Taxes: -€26,578
- Other debts -€25,123
down €25,123 (-92.6%), from €27,134 to €2,011
- Debts after one year -€11,275
down €11,275 (-44.3%), from €25,428 to €14,153
- Reserves +€11,194
up €11,194 (+3.6%), from €313,264 to €324,458
- Gross operating margin -€54,435
down €54,435 (-61.2%), from €88,893 to €34,459
- Taxes -€18,628
down €18,628 (-75.1%), from €24,820 to €6,192
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 | €488,404 | €437,320 | -€51,083 | -10.5% |
| Fixed assets | 21/28 | €315,934 | €302,501 | -€13,433 | -4.3% |
| Tangible fixed assets | 22/27 | €41,204 | €27,771 | -€13,433 | -32.6% |
| Plant, machinery and equipment | 23 | €3,692 | €2,763 | -€929 | -25.2% |
| Leasing and similar rights | 25 | €37,513 | €25,008 | -€12,504 | -33.3% |
| Financial fixed assets | 28 | €274,730 | €274,730 | = | 0.0% |
| Current assets | 29/58 | €172,469 | €134,819 | -€37,650 | -21.8% |
| Amounts receivable within one year | 40/41 | €147,013 | €133,736 | -€13,278 | -9.0% |
| Trade receivables | 40 | €147,013 | €132,350 | -€14,663 | -10.0% |
| Other amounts receivable | 41 | €0 | €1,386 | +€1,386 | |
| Cash at bank and in hand | 54/58 | €25,264 | €946 | -€24,318 | -96.3% |
| Deferred charges and accrued income | 490/1 | €192 | €138 | -€54 | -28.1% |
| Total equity and liabilities | 10/49 | €488,404 | €437,320 | -€51,083 | -10.5% |
| Equity | 10/15 | €354,098 | €365,292 | +€11,194 | +3.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €313,264 | €324,458 | +€11,194 | +3.6% |
| Distributable reserves | 133 | €313,264 | €324,458 | +€11,194 | +3.6% |
| Profit (loss) carried forward | 14 | €28,333 | €28,333 | = | 0.0% |
| Amounts payable | 17/49 | €134,306 | €72,029 | -€62,277 | -46.4% |
| Amounts payable after more than one year | 17 | €25,428 | €14,153 | -€11,275 | -44.3% |
| Financial debts | 170/4 | €25,428 | €14,153 | -€11,275 | -44.3% |
| Amounts payable within one year | 42/48 | €108,878 | €57,876 | -€51,003 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €10,909 | €11,275 | +€365 | +3.3% |
| Financial debts | 43 | €2,530 | €4,825 | +€2,295 | +90.7% |
| Credit institutions | 430/8 | €2,530 | €4,825 | +€2,295 | +90.7% |
| Trade debts | 44 | €12,082 | €10,621 | -€1,462 | -12.1% |
| Suppliers | 440/4 | €12,082 | €10,621 | -€1,462 | -12.1% |
| Taxes, remuneration and social security | 45 | €56,223 | €29,145 | -€27,078 | -48.2% |
| Taxes | 450/3 | €55,723 | €29,145 | -€26,578 | -47.7% |
| Remuneration and social security | 454/9 | €500 | €0 | -€500 | -100.0% |
| Other amounts payable | 47/48 | €27,134 | €2,011 | -€25,123 | -92.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,243 | €13,433 | +€190 | +1.4% |
| Other operating charges | 640/8 | €1,206 | €667 | -€539 | -44.7% |
| Gross operating margin | 9900 | €88,893 | €34,459 | -€54,435 | -61.2% |
| Operating profit (loss) | 9901 | €74,444 | €20,358 | -€54,086 | -72.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,009 | €2,972 | -€37 | -1.2% |
| Recurring financial charges | 65 | €3,009 | €2,972 | -€37 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €71,435 | €17,386 | -€54,049 | -75.7% |
| Income taxes | 67/77 | €24,820 | €6,192 | -€18,628 | -75.1% |
| Profit (loss) for the period | 9904 | €46,615 | €11,194 | -€35,421 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,615 | €11,194 | -€35,421 | -76.0% |
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 2 October 2026 via checked.be.