KITOS: 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.
KITOS
Largest movements
- Receivables within one year -€26,332
down €26,332 (-29.0%), from €90,708 to €64,376
of which Trade receivables: -€20,883
- Stocks and contracts +€9,092
up €9,092 (+10.0%), from €90,913 to €100,006
- Tangible fixed assets -€5,989
down €5,989 (-3.6%), from €168,592 to €162,603
of which Land and buildings: -€3,842
- Other debts +€17,839
up €17,839 (+15.9%), from €112,471 to €130,310
- Tax, wage and social debts -€13,652
down €13,652 (-87.9%), from €15,524 to €1,871
- Trade debts -€13,515
down €13,515 (-70.7%), from €19,117 to €5,602
- Profit (loss) carried forward -€8,482
down €8,482 (-38.1%), from €22,269 to €13,787
- Gross operating margin -€6,473
down €6,473 (-26.3%), from €24,579 to €18,106
- Depreciation +€1,598
up €1,598 (+11.1%), from €14,439 to €16,037
- Financial charges -€1,018
down €1,018 (-12.8%), from €7,965 to €6,946
- Other operating charges -€969
down €969 (-22.2%), from €4,364 to €3,394
- Taxes -€724
down €724 (-76.3%), from €949 to €225
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 | €353,996 | €332,981 | -€21,015 | -5.9% |
| Fixed assets | 21/28 | €170,495 | €164,507 | -€5,989 | -3.5% |
| Tangible fixed assets | 22/27 | €168,592 | €162,603 | -€5,989 | -3.6% |
| Land and buildings | 22 | €157,050 | €153,209 | -€3,842 | -2.4% |
| Plant, machinery and equipment | 23 | €563 | €1,998 | +€1,435 | +255.1% |
| Furniture and vehicles | 24 | €10,979 | €7,397 | -€3,582 | -32.6% |
| Financial fixed assets | 28 | €1,904 | €1,904 | = | 0.0% |
| Current assets | 29/58 | €183,501 | €168,474 | -€15,026 | -8.2% |
| Stocks and contracts in progress | 3 | €90,913 | €100,006 | +€9,092 | +10.0% |
| Stocks | 30/36 | €90,913 | €100,006 | +€9,092 | +10.0% |
| Amounts receivable within one year | 40/41 | €90,708 | €64,376 | -€26,332 | -29.0% |
| Trade receivables | 40 | €23,044 | €2,161 | -€20,883 | -90.6% |
| Other amounts receivable | 41 | €67,664 | €62,215 | -€5,450 | -8.1% |
| Cash at bank and in hand | 54/58 | €1,879 | €3,320 | +€1,440 | +76.6% |
| Deferred charges and accrued income | 490/1 | - | €773 | +€773 | |
| Total equity and liabilities | 10/49 | €353,996 | €332,981 | -€21,015 | -5.9% |
| Equity | 10/15 | €90,469 | €81,987 | -€8,482 | -9.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,269 | €13,787 | -€8,482 | -38.1% |
| Provisions and deferred taxes | 16 | €14,834 | €14,834 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €14,834 | €14,834 | = | 0.0% |
| Other liabilities and charges | 164/5 | €14,834 | €14,834 | = | 0.0% |
| Amounts payable | 17/49 | €248,693 | €236,160 | -€12,533 | -5.0% |
| Amounts payable after more than one year | 17 | €98,376 | €94,947 | -€3,429 | -3.5% |
| Financial debts | 170/4 | €98,376 | €94,947 | -€3,429 | -3.5% |
| Amounts payable within one year | 42/48 | €150,317 | €141,212 | -€9,104 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €3,205 | €3,429 | +€224 | +7.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €19,117 | €5,602 | -€13,515 | -70.7% |
| Suppliers | 440/4 | €19,117 | €5,602 | -€13,515 | -70.7% |
| Taxes, remuneration and social security | 45 | €15,524 | €1,871 | -€13,652 | -87.9% |
| Taxes | 450/3 | €15,524 | €1,871 | -€13,652 | -87.9% |
| Other amounts payable | 47/48 | €112,471 | €130,310 | +€17,839 | +15.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €10,598 | €0 | -€10,598 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,439 | €16,037 | +€1,598 | +11.1% |
| Other operating charges | 640/8 | €4,364 | €3,394 | -€969 | -22.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €24,579 | €18,106 | -€6,473 | -26.3% |
| Operating profit (loss) | 9901 | €5,777 | -€1,325 | -€7,102 | |
| Financial income | 75/76B | €0 | €14 | +€14 | +47066.7% |
| Recurring financial income | 75 | €0 | €14 | +€14 | +47066.7% |
| Financial charges | 65/66B | €7,965 | €6,946 | -€1,018 | -12.8% |
| Recurring financial charges | 65 | €7,965 | €6,946 | -€1,018 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,188 | -€8,257 | -€6,069 | -277.4% |
| Income taxes | 67/77 | €949 | €225 | -€724 | -76.3% |
| Profit (loss) for the period | 9904 | -€3,137 | -€8,482 | -€5,345 | -170.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,137 | -€8,482 | -€5,345 | -170.4% |
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 29 September 2026 via checked.be.