KiteHouse: 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.
KiteHouse
Largest movements
- Receivables within one year +€17,335
up €17,335 (+1,903%), from €911 to €18,245
- Tangible fixed assets -€15,168
down €15,168 (-82.3%), from €18,429 to €3,262
of which Assets under construction and advance payments: -€13,474
- Cash -€11,910
down €11,910 (-66.2%), from €17,998 to €6,089
mainly Receivables within one year (-€17,335) and Trade debts (-€8,863)
- Trade debts -€8,863
no longer reported in 2025 (was €8,863)
- Other debts -€2,432
down €2,432 (-37.1%), from €6,562 to €4,130
- Reserves +€1,540
up €1,540 (+575%), from €268 to €1,808
- Gross operating margin -€3,404
down €3,404 (-41.5%), from €8,202 to €4,798
- Depreciation +€1,568
up €1,568 (+1,256%), from €125 to €1,693
- Taxes +€471
up €471 (+528%), from €89 to €561
- Other operating charges +€453
up €453 (+117%), from €387 to €840
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 | €37,899 | €28,156 | -€9,743 | -25.7% |
| Fixed assets | 21/28 | €18,989 | €3,822 | -€15,168 | -79.9% |
| Tangible fixed assets | 22/27 | €18,429 | €3,262 | -€15,168 | -82.3% |
| Furniture and vehicles | 24 | €4,955 | €3,262 | -€1,693 | -34.2% |
| Assets under construction and advance payments | 27 | €13,474 | - | -€13,474 | |
| Financial fixed assets | 28 | €560 | €560 | = | 0.0% |
| Current assets | 29/58 | €18,909 | €24,334 | +€5,425 | +28.7% |
| Amounts receivable within one year | 40/41 | €911 | €18,245 | +€17,335 | +1,903% |
| Other amounts receivable | 41 | €911 | €18,245 | +€17,335 | +1,903% |
| Cash at bank and in hand | 54/58 | €17,998 | €6,089 | -€11,910 | -66.2% |
| Total equity and liabilities | 10/49 | €37,899 | €28,156 | -€9,743 | -25.7% |
| Equity | 10/15 | €20,268 | €21,808 | +€1,540 | +7.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €268 | €1,808 | +€1,540 | +575% |
| Distributable reserves | 133 | €268 | €1,808 | +€1,540 | +575% |
| Amounts payable | 17/49 | €17,631 | €6,348 | -€11,283 | -64.0% |
| Amounts payable within one year | 42/48 | €17,631 | €6,348 | -€11,283 | -64.0% |
| Trade debts | 44 | €8,863 | - | -€8,863 | |
| Suppliers | 440/4 | €8,863 | - | -€8,863 | |
| Taxes, remuneration and social security | 45 | €2,206 | €2,219 | +€12 | +0.6% |
| Taxes | 450/3 | €2,206 | €2,219 | +€12 | +0.6% |
| Other amounts payable | 47/48 | €6,562 | €4,130 | -€2,432 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125 | €1,693 | +€1,568 | +1,256% |
| Other operating charges | 640/8 | €387 | €840 | +€453 | +117% |
| Gross operating margin | 9900 | €8,202 | €4,798 | -€3,404 | -41.5% |
| Operating profit (loss) | 9901 | €7,690 | €2,265 | -€5,425 | -70.5% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €146 | €167 | +€21 | +14.4% |
| Recurring financial charges | 65 | €146 | €167 | +€21 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €7,544 | €2,101 | -€5,443 | -72.2% |
| Income taxes | 67/77 | €89 | €561 | +€471 | +528% |
| Profit (loss) for the period | 9904 | €7,454 | €1,540 | -€5,914 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,454 | €1,540 | -€5,914 | -79.3% |
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.