KITTY: what changed
KITTY
Largest movements
- Tangible fixed assets -€103,348
down €103,348 (-14.7%), from €702,276 to €598,927
- Cash +€32,723
up €32,723 (+125%), from €26,160 to €58,882
mainly Depreciation (+€120,595) and Other debts (+€43,901)
- Stocks and contracts -€20,306
down €20,306 (-12.9%), from €157,829 to €137,523
- Receivables within one year -€14,321
down €14,321 (-7.2%), from €198,662 to €184,341
of which Other amounts receivable: -€45,936
- Debts after one year -€203,447
down €203,447 (-31.5%), from €645,911 to €442,465
of which Financial debts: -€170,264
- Other debts +€43,901
up €43,901 (+165%), from €26,574 to €70,475
- Advances received +€31,747
up €31,747 (+62.4%), from €50,905 to €82,651
- Reserves +€21,318
up €21,318 (+13.7%), from €155,952 to €177,270
of which Distributable reserves: +€21,318
- Gross operating margin +€58,110
up €58,110 (+51.2%), from €113,537 to €171,646
- Financial income -€26,252
down €26,252 (-92.1%), from €28,512 to €2,260
of which Non-recurring financial income: -€26,715
- Taxes +€8,100
up €8,100, from -€1,268 to €6,832
- Other operating charges -€5,329
down €5,329 (-53.1%), from €10,035 to €4,706
- Financial charges +€2,133
up €2,133 (+11.6%), from €18,314 to €20,447
of which Financial charges: +€2,779
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,116,144 | €999,199 | -€116,945 | -10.5% |
| Fixed assets | 21/28 | €708,151 | €603,802 | -€104,348 | -14.7% |
| Intangible fixed assets | 21 | €1,000 | €0 | -€1,000 | -100% |
| Tangible fixed assets | 22/27 | €702,276 | €598,927 | -€103,348 | -14.7% |
| Land and buildings | 22 | €475,854 | €436,567 | -€39,287 | -8.3% |
| Plant, machinery and equipment | 23 | €76,370 | €55,254 | -€21,115 | -27.6% |
| Furniture and vehicles | 24 | €122,063 | €86,115 | -€35,949 | -29.5% |
| Leasing and similar rights | 25 | €27,988 | €20,991 | -€6,997 | -25.0% |
| Financial fixed assets | 28 | €4,875 | €4,875 | = | 0.0% |
| Current assets | 29/58 | €407,993 | €395,397 | -€12,597 | -3.1% |
| Stocks and contracts in progress | 3 | €157,829 | €137,523 | -€20,306 | -12.9% |
| Stocks | 30/36 | €157,829 | €137,523 | -€20,306 | -12.9% |
| Amounts receivable within one year | 40/41 | €198,662 | €184,341 | -€14,321 | -7.2% |
| Trade receivables | 40 | €62,652 | €94,267 | +€31,615 | +50.5% |
| Other amounts receivable | 41 | €136,010 | €90,074 | -€45,936 | -33.8% |
| Cash at bank and in hand | 54/58 | €26,160 | €58,882 | +€32,723 | +125% |
| Deferred charges and accrued income | 490/1 | €25,343 | €14,651 | -€10,692 | -42.2% |
| Total equity and liabilities | 10/49 | €1,116,144 | €999,199 | -€116,945 | -10.5% |
| Equity | 10/15 | €217,530 | €238,857 | +€21,327 | +9.8% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Reserves | 13 | €155,952 | €177,270 | +€21,318 | +13.7% |
| Non-distributable reserves | 130/1 | €408 | €408 | = | 0.0% |
| Reserves not available under the articles | 1311 | €408 | €408 | = | 0.0% |
| Distributable reserves | 133 | €155,544 | €176,862 | +€21,318 | +13.7% |
| Profit (loss) carried forward | 14 | -€7,422 | -€7,413 | +€9 | +0.1% |
| Amounts payable | 17/49 | €898,613 | €760,342 | -€138,272 | -15.4% |
| Amounts payable after more than one year | 17 | €645,911 | €442,465 | -€203,447 | -31.5% |
| Financial debts | 170/4 | €494,744 | €324,481 | -€170,264 | -34.4% |
| Trade debts | 175 | €151,167 | €117,984 | -€33,183 | -22.0% |
| Amounts payable within one year | 42/48 | €252,702 | €317,877 | +€65,175 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €147,026 | €145,183 | -€1,843 | -1.3% |
| Trade debts | 44 | €23,321 | €13,923 | -€9,398 | -40.3% |
| Suppliers | 440/4 | €23,321 | €13,923 | -€9,398 | -40.3% |
| Advances received on contracts in progress | 46 | €50,905 | €82,651 | +€31,747 | +62.4% |
| Taxes, remuneration and social security | 45 | €4,877 | €5,645 | +€768 | +15.7% |
| Taxes | 450/3 | €4,877 | €5,645 | +€768 | +15.7% |
| Other amounts payable | 47/48 | €26,574 | €70,475 | +€43,901 | +165% |
| Non-recurring operating income | 76A | €904 | - | -€904 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,642 | €120,595 | -€2,047 | -1.7% |
| Other operating charges | 640/8 | €10,035 | €4,706 | -€5,329 | -53.1% |
| Gross operating margin | 9900 | €113,537 | €171,646 | +€58,110 | +51.2% |
| Operating profit (loss) | 9901 | -€19,141 | €46,345 | +€65,486 | |
| Financial income | 75/76B | €28,512 | €2,260 | -€26,252 | -92.1% |
| Recurring financial income | 75 | €1,797 | €2,260 | +€463 | +25.8% |
| Non-recurring financial income | 76B | €26,715 | - | -€26,715 | |
| Financial charges | 65/66B | €18,314 | €20,447 | +€2,133 | +11.6% |
| Recurring financial charges | 65 | €17,668 | €20,447 | +€2,779 | +15.7% |
| Non-recurring financial charges | 66B | €646 | - | -€646 | |
| Profit (loss) for the period before taxes | 9903 | -€8,943 | €28,159 | +€37,101 | |
| Income taxes | 67/77 | -€1,268 | €6,832 | +€8,100 | |
| Profit (loss) for the period | 9904 | -€7,675 | €21,327 | +€29,002 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,675 | €21,327 | +€29,002 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.