KITOZYME: 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
KITOZYME
NACE 20.140, Manufacture of chemicals and chemical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€824,661
2024 · €1.1m-€272,862
Equity
€17.2m
2024 · €16.0m+€1.2m
Cash
€635,010
2024 · €1.3m-€699,129
Balance sheet total
€22.4m
2024 · €21.0m+€1.3m
Largest movements
Assets
- Financial fixed assets +€750,001
up €750,001 (+7.9%), from €9.5m to €10.2m
- Receivables after one year +€748,125
up €748,125 (+33.0%), from €2.3m to €3.0m
of which Trade receivables: +€748,125
- Cash -€699,129
down €699,129 (-52.4%), from €1.3m to €635,010
mainly Investment in fixed assets (net) (-€2.4m) and Current portion of long-term debt (-€1.2m)
- Intangible fixed assets +€392,912
up €392,912 (+17.8%), from €2.2m to €2.6m
Equity and liabilities
- Current portion of long-term debt -€1.2m
down €1.2m (-40.2%), from €2.9m to €1.7m
- Debts after one year +€919,728
up €919,728 (+403.7%), from €227,800 to €1.1m
- Profit (loss) carried forward +€783,428
up €783,428 (+11.6%), from €6.8m to €7.6m
- Other debts +€457,308
up €457,308 (+144.3%), from €317,023 to €774,331
- Investment grants +€363,748
up €363,748 (+47.0%), from €773,164 to €1.1m
Income statement
- Turnover +€423,437
up €423,437 (+6.3%), from €6.7m to €7.1m
- Gross operating margin +€320,259
up €320,259 (+7.1%), from €4.5m to €4.8m
- Depreciation +€242,833
up €242,833 (+29.3%), from €829,126 to €1.1m
- Staff costs +€177,426
up €177,426 (+6.8%), from €2.6m to €2.8m
- Purchases and services +€154,228
up €154,228 (+4.4%), from €3.5m to €3.7m
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
€1.1m
Gross operating margin
+€320,259
Staff costs
-€177,426
Depreciation
-€242,833
Write-downs
-€148,895
Provisions
+€33,264
Other operating charges
+€35,264
Other operating items
+€14,795
Financial income
-€38,376
Financial charges
-€57,722
Taxes
+€71,770
Deferred taxes and other
-€82,962
Result 2025
€824,661
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
+€1.6m
Investment
-€2.4m
Financing
+€129,717
Cash 2024
€1.3m
From operations (derived)
+€1.6m
Net result for the year
+€824,661
Depreciation
+€1.1m
Receivables after one year
-€748,125
Stocks and contracts
+€90,753
Receivables within one year
-€134,997
Deferred charges and accrued income
+€79,605
Provisions
-€32,666
Trade debts
-€232,317
Tax, wage and social debts
+€68,481
Advances received
+€110,400
Other debts
+€457,308
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Financing
+€129,717
Debts after one year
+€919,728
Current portion of long-term debt
-€1.2m
Contributions, distributions and other
+€363,748
Cash 2025
€635,010
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,043,801 | €22,369,385 | +€1.3m | +6.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €13,532,411 | €14,844,360 | +€1.3m | +9.7% |
| Intangible fixed assets | 21 | €2,203,214 | €2,596,126 | +€392,912 | +17.8% |
| Tangible fixed assets | 22/27 | €1,851,131 | €2,020,167 | +€169,036 | +9.1% |
| Land and buildings | 22 | €795,941 | €715,774 | -€80,167 | -10.1% |
| Plant, machinery and equipment | 23 | €1,030,842 | €1,285,367 | +€254,525 | +24.7% |
| Furniture and vehicles | 24 | €24,348 | €19,026 | -€5,322 | -21.9% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €9,478,066 | €10,228,067 | +€750,001 | +7.9% |
| Current assets | 29/58 | €7,511,390 | €7,525,025 | +€13,635 | +0.2% |
| Amounts receivable after more than one year | 29 | €2,265,375 | €3,013,500 | +€748,125 | +33.0% |
| Trade receivables | 290 | €2,265,375 | €3,013,500 | +€748,125 | +33.0% |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €1,587,737 | €1,496,984 | -€90,753 | -5.7% |
| Stocks | 30/36 | €1,587,737 | €1,496,984 | -€90,753 | -5.7% |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,180,685 | €2,315,682 | +€134,997 | +6.2% |
| Trade receivables | 40 | €1,668,569 | €1,460,151 | -€208,418 | -12.5% |
| Other amounts receivable | 41 | €512,116 | €855,531 | +€343,415 | +67.1% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €1,334,139 | €635,010 | -€699,129 | -52.4% |
| Deferred charges and accrued income | 490/1 | €143,454 | €63,849 | -€79,605 | -55.5% |
| Total equity and liabilities | 10/49 | €21,043,801 | €22,369,385 | +€1.3m | +6.3% |
| Equity | 10/15 | €16,014,844 | €17,203,253 | +€1.2m | +7.4% |
| Contributions | 10/11 | €6,849,590 | €6,849,590 | = | 0.0% |
| Capital | 10 | €6,849,590 | €6,849,590 | = | 0.0% |
| Issued capital | 100 | €6,849,590 | €6,849,590 | = | 0.0% |
| Uncalled capital | 101 | €0 | €0 | = | |
| Revaluation surpluses | 12 | €1,210,435 | €1,210,435 | = | 0.0% |
| Reserves | 13 | €399,773 | €441,006 | +€41,233 | +10.3% |
| Non-distributable reserves | 130/1 | €399,773 | €441,006 | +€41,233 | +10.3% |
| Legal reserve | 130 | €399,773 | €441,006 | +€41,233 | +10.3% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €6,781,882 | €7,565,310 | +€783,428 | +11.6% |
| Investment grants | 15 | €773,164 | €1,136,912 | +€363,748 | +47.0% |
| Provisions and deferred taxes | 16 | €358,790 | €326,124 | -€32,666 | -9.1% |
| Provisions for liabilities and charges | 160/5 | €358,790 | €326,124 | -€32,666 | -9.1% |
| Pensions and similar obligations | 160 | €21,901 | €25,874 | +€3,973 | +18.1% |
| Environmental obligations | 163 | €336,889 | €300,250 | -€36,639 | -10.9% |
| Amounts payable | 17/49 | €4,670,167 | €4,840,008 | +€169,841 | +3.6% |
| Amounts payable after more than one year | 17 | €227,800 | €1,147,528 | +€919,728 | +403.7% |
| Financial debts | 170/4 | €227,800 | €1,147,528 | +€919,728 | +403.7% |
| Amounts payable within one year | 42/48 | €4,442,367 | €3,692,480 | -€749,887 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €2,869,898 | €1,716,139 | -€1.2m | -40.2% |
| Trade debts | 44 | €481,394 | €249,077 | -€232,317 | -48.3% |
| Suppliers | 440/4 | €481,394 | €249,077 | -€232,317 | -48.3% |
| Advances received on contracts in progress | 46 | - | €110,400 | +€110,400 | |
| Taxes, remuneration and social security | 45 | €774,052 | €842,533 | +€68,481 | +8.8% |
| Taxes | 450/3 | €166,642 | €93,110 | -€73,532 | -44.1% |
| Remuneration and social security | 454/9 | €607,410 | €749,423 | +€142,013 | +23.4% |
| Other amounts payable | 47/48 | €317,023 | €774,331 | +€457,308 | +144.3% |
| Turnover | 70 | €6,670,868 | €7,094,305 | +€423,437 | +6.3% |
| Non-recurring operating income | 76A | €4,047 | €10,743 | +€6,696 | +165.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,513,051 | €3,667,279 | +€154,228 | +4.4% |
| Remuneration, social security and pensions | 62 | €2,626,589 | €2,804,015 | +€177,426 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829,126 | €1,071,959 | +€242,833 | +29.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,392 | €131,503 | +€148,895 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €599 | -€32,665 | -€33,264 | |
| Other operating charges | 640/8 | €150,458 | €115,194 | -€35,264 | -23.4% |
| Non-recurring operating charges | 66A | €76,650 | €61,855 | -€14,795 | -19.3% |
| Gross operating margin | 9900 | €4,497,749 | €4,818,008 | +€320,259 | +7.1% |
| Operating profit (loss) | 9901 | €831,719 | €666,147 | -€165,572 | -19.9% |
| Financial income | 75/76B | €343,573 | €305,197 | -€38,376 | -11.2% |
| Recurring financial income | 75 | €343,573 | €305,197 | -€38,376 | -11.2% |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €160,731 | €218,453 | +€57,722 | +35.9% |
| Recurring financial charges | 65 | €160,731 | €218,453 | +€57,722 | +35.9% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €1,014,561 | €752,891 | -€261,670 | -25.8% |
| Transfer from deferred taxes | 780 | €82,962 | - | -€82,962 | |
| Income taxes | 67/77 | €0 | -€71,770 | -€71,770 | |
| Profit (loss) for the period | 9904 | €1,097,523 | €824,661 | -€272,862 | -24.9% |
| Transfer from tax-exempt reserves | 789 | €248,886 | - | -€248,886 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,346,409 | €824,661 | -€521,748 | -38.8% |
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.