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.
What changed
KITOS
NACE 85.324, Education
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€257,163
2024 · -€93,213-€163,950
Equity
€45.9m
2024 · €43.5m+€2.5m
Cash
€7.5m
2024 · €6.4m+€1.1m
Balance sheet total
€115.9m
2024 · €111.5m+€4.4m
Largest movements
Assets
- Tangible fixed assets +€3.5m
up €3.5m (+4.2%), from €82.3m to €85.8m
of which Assets under construction and advance payments: +€6.0m
Equity and liabilities
- Investment grants +€2.7m
up €2.7m (+7.7%), from €35.4m to €38.1m
- Debts after one year +€1.9m
up €1.9m (+3.3%), from €56.8m to €58.7m
Income statement
- Other operating income -€293,434
down €293,434 (-21.7%), from €1.3m to €1.1m
- Services and other goods +€126,934
up €126,934 (+1.6%), from €8.0m to €8.1m
- Turnover +€81,467
up €81,467 (+2.6%), from €3.1m to €3.2m
- Goods and materials -€37,115
down €37,115 (-4.1%), from €908,199 to €871,084
of which Purchases: -€47,785
- Write-downs +€32,552
up €32,552 (+206.0%), from €15,805 to €48,356
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.
Result 2024
-€93,213
Turnover
+€81,467
Other operating income
-€293,434
Goods and materials
+€37,115
Services and other goods
-€126,934
Staff costs
+€12,188
Depreciation
+€31,712
Write-downs
-€32,552
Other operating charges
+€11,912
Other operating items
+€126,412
Financial income
-€14,708
Financial charges
+€2,873
Result 2025
-€257,163
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.
From operations
+€5.0m
Investment
-€8.5m
Financing
+€4.6m
Cash 2024
€6.4m
From operations (derived)
+€5.0m
Net result for the year
-€257,163
Depreciation
+€5.0m
Receivables after one year
+€351,432
Smaller working-capital items
+€27,545
Receivables within one year
-€58,853
Deferred charges and accrued income
-€90,745
Debts within one year
-€214,505
Accrued charges and deferred income
+€247,506
Investment (derived)
-€8.5m
Investment in fixed assets (net)
-€8.5m
Financing
+€4.6m
Debts after one year
+€1.9m
Contributions, distributions and other
+€2.7m
Cash 2025
€7.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,543,807 | €115,937,191 | +€4.4m | +3.9% |
| Fixed assets | 21/28 | €82,335,728 | €85,855,144 | +€3.5m | +4.3% |
| Intangible fixed assets | 21 | €1,609 | €0 | -€1,609 | -100.0% |
| Tangible fixed assets | 22/27 | €82,294,837 | €85,785,940 | +€3.5m | +4.2% |
| Land and buildings | 22 | €22,280,873 | €21,815,134 | -€465,739 | -2.1% |
| Plant, machinery and equipment | 23 | €2,492,490 | €1,762,505 | -€729,984 | -29.3% |
| Furniture and vehicles | 24 | €562,141 | €529,899 | -€32,241 | -5.7% |
| Leasing and similar rights | 25 | €30,557,504 | €29,075,364 | -€1.5m | -4.9% |
| Other tangible fixed assets | 26 | €20,851,299 | €21,069,796 | +€218,496 | +1.0% |
| Assets under construction and advance payments | 27 | €5,550,530 | €11,533,242 | +€6.0m | +107.8% |
| Financial fixed assets | 28 | €39,283 | €69,203 | +€29,921 | +76.2% |
| Other financial fixed assets | 284/8 | €39,283 | €69,203 | +€29,921 | +76.2% |
| Amounts receivable and cash guarantees | 285/8 | €39,283 | €69,203 | +€29,921 | +76.2% |
| Current assets | 29/58 | €29,208,079 | €30,082,048 | +€873,969 | +3.0% |
| Amounts receivable after more than one year | 29 | €12,534,149 | €12,182,717 | -€351,432 | -2.8% |
| Other amounts receivable | 291 | €12,534,149 | €12,182,717 | -€351,432 | -2.8% |
| Stocks and contracts in progress | 3 | €108,384 | €89,570 | -€18,814 | -17.4% |
| Stocks | 30/36 | €108,384 | €89,570 | -€18,814 | -17.4% |
| Raw materials and consumables | 30/31 | €38,133 | €22,216 | -€15,917 | -41.7% |
| Goods purchased for resale | 34 | €70,251 | €67,354 | -€2,897 | -4.1% |
| Property held for sale | 35 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €9,854,313 | €9,913,167 | +€58,853 | +0.6% |
| Trade receivables | 40 | €9,019,143 | €9,329,650 | +€310,507 | +3.4% |
| Other amounts receivable | 41 | €835,170 | €583,516 | -€251,654 | -30.1% |
| Current investments | 50/53 | €558 | €558 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,357,608 | €7,452,225 | +€1.1m | +17.2% |
| Deferred charges and accrued income | 490/1 | €353,066 | €443,811 | +€90,745 | +25.7% |
| Total equity and liabilities | 10/49 | €111,543,807 | €115,937,191 | +€4.4m | +3.9% |
| Equity | 10/15 | €43,472,625 | €45,935,282 | +€2.5m | +5.7% |
| Contributions | 10/11 | €15,535,682 | €15,535,682 | = | 0.0% |
| Capital | 10 | €15,535,682 | €15,535,682 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,478,719 | -€7,735,881 | -€257,163 | -3.4% |
| Investment grants | 15 | €35,415,661 | €38,135,481 | +€2.7m | +7.7% |
| Provisions and deferred taxes | 16 | €91,051 | €99,782 | +€8,731 | +9.6% |
| Provisions for liabilities and charges | 160/5 | €91,051 | €99,782 | +€8,731 | +9.6% |
| Environmental obligations | 163 | - | €99,782 | +€99,782 | |
| Other liabilities and charges | 164/5 | €91,051 | - | -€91,051 | |
| Amounts payable | 17/49 | €67,980,131 | €69,902,127 | +€1.9m | +2.8% |
| Amounts payable after more than one year | 17 | €56,787,869 | €58,676,865 | +€1.9m | +3.3% |
| Financial debts | 170/4 | €56,787,869 | €58,676,865 | +€1.9m | +3.3% |
| Leasing and similar obligations | 172 | €42,453,211 | €41,158,241 | -€1.3m | -3.1% |
| Credit institutions | 173 | €5,051,694 | €7,094,437 | +€2.0m | +40.4% |
| Other loans | 174 | €9,282,963 | €10,424,186 | +€1.1m | +12.3% |
| Amounts payable within one year | 42/48 | €5,559,649 | €5,345,144 | -€214,505 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €1,782,245 | €1,967,095 | +€184,850 | +10.4% |
| Financial debts | 43 | €1,223,425 | €562,202 | -€661,223 | -54.0% |
| Other loans | 439 | €1,223,425 | €562,202 | -€661,223 | -54.0% |
| Trade debts | 44 | €1,262,339 | €1,665,485 | +€403,146 | +31.9% |
| Suppliers | 440/4 | €1,262,339 | €1,665,485 | +€403,146 | +31.9% |
| Advances received on contracts in progress | 46 | €421,560 | €388,636 | -€32,924 | -7.8% |
| Taxes, remuneration and social security | 45 | €246,077 | €252,448 | +€6,371 | +2.6% |
| Taxes | 450/3 | - | €0 | = | |
| Remuneration and social security | 454/9 | €246,077 | €252,448 | +€6,371 | +2.6% |
| Accrued charges and deferred income | 492/3 | €5,632,613 | €5,880,119 | +€247,506 | +4.4% |
| Operating income | 70/76A | €17,016,046 | €16,956,001 | -€60,044 | -0.4% |
| Turnover | 70 | €3,087,373 | €3,168,840 | +€81,467 | +2.6% |
| Own construction capitalised | 72 | €182,912 | €118,770 | -€64,141 | -35.1% |
| Other operating income | 74 | €1,349,269 | €1,055,835 | -€293,434 | -21.7% |
| Non-recurring operating income | 76A | €118,248 | - | -€118,248 | |
| Operating charges | 60/66A | €16,026,562 | €16,118,632 | +€92,070 | +0.6% |
| Goods for resale, raw materials and consumables | 60 | €908,199 | €871,084 | -€37,115 | -4.1% |
| Purchases | 600/8 | €900,055 | €852,270 | -€47,785 | -5.3% |
| Change in stocks: decrease (increase) | 609 | €8,145 | €18,814 | +€10,669 | +131.0% |
| Services and other goods | 61 | €7,981,045 | €8,107,979 | +€126,934 | +1.6% |
| Remuneration, social security and pensions | 62 | €1,971,128 | €1,958,940 | -€12,188 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,013,713 | €4,982,001 | -€31,712 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,805 | €48,356 | +€32,552 | +206.0% |
| Other operating charges | 640/8 | €121,772 | €109,861 | -€11,912 | -9.8% |
| Non-recurring operating charges | 66A | €407 | €31,680 | +€31,273 | +7677.8% |
| Operating profit (loss) | 9901 | €989,484 | €837,370 | -€152,114 | -15.4% |
| Financial income | 75/76B | €29,588 | €14,880 | -€14,708 | -49.7% |
| Recurring financial income | 75 | €29,588 | €14,880 | -€14,708 | -49.7% |
| Income from current assets | 751 | €26,115 | - | -€26,115 | |
| Other financial income | 752/9 | €3,474 | €14,880 | +€11,406 | +328.3% |
| Financial charges | 65/66B | €1,112,286 | €1,109,413 | -€2,873 | -0.3% |
| Recurring financial charges | 65 | €1,112,286 | €1,109,413 | -€2,873 | -0.3% |
| Debt charges | 650 | €900,002 | €894,846 | -€5,156 | -0.6% |
| Other financial charges | 652/9 | €212,284 | €214,567 | +€2,283 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€93,213 | -€257,163 | -€163,950 | -175.9% |
| Profit (loss) for the period | 9904 | -€93,213 | -€257,163 | -€163,950 | -175.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,213 | -€257,163 | -€163,950 | -175.9% |
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.