KITELIS: 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.
KITELIS
Largest movements
- Cash -€50,496
down €50,496 (-99.9%), from €50,555 to €59
mainly Net result for the year (-€52,506) and Debts after one year (-€40,377)
- Tangible fixed assets -€19,989
down €19,989 (-2.9%), from €687,914 to €667,926
of which Land and buildings: -€25,804
- Receivables within one year +€8,045
up €8,045 (+62.9%), from €12,787 to €20,832
of which Other amounts receivable: +€4,642
- Profit (loss) carried forward -€52,506
down €52,506, from €0 to -€52,506
- Short-term financial debts +€47,605
new in 2025: €47,605
- Debts after one year -€40,377
down €40,377 (-17.1%), from €235,624 to €195,247
- Trade debts -€26,545
down €26,545 (-53.5%), from €49,660 to €23,115
- Other debts +€18,193
up €18,193 (+15.0%), from €121,445 to €139,638
- Gross operating margin -€117,450
down €117,450 (-91.8%), from €127,970 to €10,520
- Taxes -€19,318
down €19,318 (-99.1%), from €19,492 to €174
- Other operating charges +€1,726
up €1,726 (+68.7%), from €2,510 to €4,236
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 | €751,899 | €693,726 | -€58,173 | -7.7% |
| Fixed assets | 21/28 | €687,914 | €670,681 | -€17,233 | -2.5% |
| Intangible fixed assets | 21 | €0 | €2,755 | +€2,755 | |
| Tangible fixed assets | 22/27 | €687,914 | €667,926 | -€19,989 | -2.9% |
| Land and buildings | 22 | €681,227 | €655,423 | -€25,804 | -3.8% |
| Plant, machinery and equipment | 23 | €258 | €0 | -€258 | -100.0% |
| Furniture and vehicles | 24 | €6,429 | €12,503 | +€6,074 | +94.5% |
| Current assets | 29/58 | €63,985 | €23,045 | -€40,940 | -64.0% |
| Amounts receivable within one year | 40/41 | €12,787 | €20,832 | +€8,045 | +62.9% |
| Trade receivables | 40 | €12,787 | €16,190 | +€3,403 | +26.6% |
| Other amounts receivable | 41 | €0 | €4,642 | +€4,642 | |
| Cash at bank and in hand | 54/58 | €50,555 | €59 | -€50,496 | -99.9% |
| Deferred charges and accrued income | 490/1 | €643 | €2,155 | +€1,512 | +235.0% |
| Total equity and liabilities | 10/49 | €751,899 | €693,726 | -€58,173 | -7.7% |
| Equity | 10/15 | €265,195 | €212,689 | -€52,506 | -19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €246,595 | €246,595 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €227,845 | €227,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€52,506 | -€52,506 | |
| Amounts payable | 17/49 | €486,704 | €481,038 | -€5,667 | -1.2% |
| Amounts payable after more than one year | 17 | €235,624 | €195,247 | -€40,377 | -17.1% |
| Financial debts | 170/4 | €235,624 | €195,247 | -€40,377 | -17.1% |
| Amounts payable within one year | 42/48 | €247,204 | €283,892 | +€36,688 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €51,345 | €53,982 | +€2,637 | +5.1% |
| Financial debts | 43 | - | €47,605 | +€47,605 | |
| Credit institutions | 430/8 | - | €47,605 | +€47,605 | |
| Trade debts | 44 | €49,660 | €23,115 | -€26,545 | -53.5% |
| Suppliers | 440/4 | €49,660 | €23,115 | -€26,545 | -53.5% |
| Taxes, remuneration and social security | 45 | €24,755 | €19,553 | -€5,201 | -21.0% |
| Taxes | 450/3 | €24,755 | €16,553 | -€8,201 | -33.1% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €121,445 | €139,638 | +€18,193 | +15.0% |
| Accrued charges and deferred income | 492/3 | €3,875 | €1,898 | -€1,977 | -51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,176 | €32,001 | -€1,174 | -3.5% |
| Other operating charges | 640/8 | €2,510 | €4,236 | +€1,726 | +68.7% |
| Non-recurring operating charges | 66A | €0 | €7,120 | +€7,120 | |
| Gross operating margin | 9900 | €127,970 | €10,520 | -€117,450 | -91.8% |
| Operating profit (loss) | 9901 | €92,283 | -€32,837 | -€125,121 | |
| Financial income | 75/76B | €30 | €92 | +€61 | +204.0% |
| Recurring financial income | 75 | €30 | €92 | +€61 | +204.0% |
| Financial charges | 65/66B | €18,696 | €19,587 | +€891 | +4.8% |
| Recurring financial charges | 65 | €18,696 | €19,587 | +€891 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €73,618 | -€52,332 | -€125,950 | |
| Income taxes | 67/77 | €19,492 | €174 | -€19,318 | -99.1% |
| Profit (loss) for the period | 9904 | €54,126 | -€52,506 | -€106,633 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,126 | -€52,506 | -€106,633 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.