KIV: 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.
KIV
Largest movements
- Receivables within one year -€6,257
down €6,257 (-5.4%), from €115,313 to €109,056
of which Trade receivables: -€6,218
- Cash +€6,144
up €6,144 (+29.3%), from €20,957 to €27,101
mainly Net result for the year (+€83,669) and Tax, wage and social debts (+€24,067)
- Tangible fixed assets -€4,518
down €4,518 (-54.1%), from €8,344 to €3,826
of which Furniture and vehicles: -€3,742
- Other debts -€28,294
down €28,294 (-25.3%), from €111,962 to €83,669
- Tax, wage and social debts +€24,067
up €24,067 (+195.4%), from €12,318 to €36,385
- Gross operating margin +€75,556
up €75,556 (+200.6%), from €37,656 to €113,212
- Taxes +€19,326
up €19,326 (+242.8%), from €7,961 to €27,287
- Financial income +€1,147
up €1,147 (+29.6%), from €3,869 to €5,015
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 | €144,615 | €139,984 | -€4,631 | -3.2% |
| Fixed assets | 21/28 | €8,344 | €3,826 | -€4,518 | -54.1% |
| Tangible fixed assets | 22/27 | €8,344 | €3,826 | -€4,518 | -54.1% |
| Furniture and vehicles | 24 | €6,433 | €2,691 | -€3,742 | -58.2% |
| Other tangible fixed assets | 26 | €1,911 | €1,135 | -€776 | -40.6% |
| Current assets | 29/58 | €136,270 | €136,158 | -€113 | -0.1% |
| Amounts receivable within one year | 40/41 | €115,313 | €109,056 | -€6,257 | -5.4% |
| Trade receivables | 40 | €6,218 | - | -€6,218 | |
| Other amounts receivable | 41 | €109,095 | €109,056 | -€39 | 0.0% |
| Cash at bank and in hand | 54/58 | €20,957 | €27,101 | +€6,144 | +29.3% |
| Total equity and liabilities | 10/49 | €144,615 | €139,984 | -€4,631 | -3.2% |
| Equity | 10/15 | €19,930 | €19,930 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,330 | €1,330 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,330 | €1,330 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,330 | €1,330 | = | 0.0% |
| Amounts payable | 17/49 | €124,685 | €120,054 | -€4,631 | -3.7% |
| Amounts payable within one year | 42/48 | €124,685 | €120,054 | -€4,631 | -3.7% |
| Trade debts | 44 | €404 | - | -€404 | |
| Suppliers | 440/4 | €404 | - | -€404 | |
| Taxes, remuneration and social security | 45 | €12,318 | €36,385 | +€24,067 | +195.4% |
| Taxes | 450/3 | €12,318 | €36,385 | +€24,067 | +195.4% |
| Other amounts payable | 47/48 | €111,962 | €83,669 | -€28,294 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,465 | €6,416 | -€1,049 | -14.1% |
| Other operating charges | 640/8 | €522 | €400 | -€123 | -23.5% |
| Gross operating margin | 9900 | €37,656 | €113,212 | +€75,556 | +200.6% |
| Operating profit (loss) | 9901 | €29,669 | €106,396 | +€76,728 | +258.6% |
| Financial income | 75/76B | €3,869 | €5,015 | +€1,147 | +29.6% |
| Recurring financial income | 75 | €3,869 | €5,015 | +€1,147 | +29.6% |
| Financial charges | 65/66B | €367 | €456 | +€89 | +24.3% |
| Recurring financial charges | 65 | €367 | €456 | +€89 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €33,171 | €110,956 | +€77,785 | +234.5% |
| Income taxes | 67/77 | €7,961 | €27,287 | +€19,326 | +242.8% |
| Profit (loss) for the period | 9904 | €25,210 | €83,669 | +€58,459 | +231.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,210 | €83,669 | +€58,459 | +231.9% |
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 4 October 2026 via checked.be.