KIVGUN: what changed
Two financial 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.
KIVGUN
Largest movements
- Receivables within one year -€17,258
down €17,258 (-56.3%), from €30,658 to €13,400
of which Trade receivables: -€20,228
- Stocks and contracts +€7,950
up €7,950 (+36.9%), from €21,555 to €29,505
- Cash +€6,957
up €6,957 (+84.3%), from €8,257 to €15,214
mainly Receivables within one year (+€17,258) and Tax, wage and social debts (+€1,519)
- Trade debts -€4,814
down €4,814 (-26.9%), from €17,912 to €13,098
- Tax, wage and social debts +€1,519
up €1,519 (+52.3%), from €2,905 to €4,423
- Gross operating margin -€5,072
down €5,072 (-40.4%), from €12,551 to €7,479
- Taxes +€3,495
up €3,495 (+161%), from €2,168 to €5,663
- Other operating charges -€511
down €511 (-31.6%), from €1,618 to €1,107
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.
Derived cash bridge
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 | €60,550 | €58,266 | -€2,284 | -3.8% |
| Current assets | 29/58 | €60,550 | €58,266 | -€2,284 | -3.8% |
| Stocks and contracts in progress | 3 | €21,555 | €29,505 | +€7,950 | +36.9% |
| Stocks | 30/36 | €21,555 | €29,505 | +€7,950 | +36.9% |
| Amounts receivable within one year | 40/41 | €30,658 | €13,400 | -€17,258 | -56.3% |
| Trade receivables | 40 | €20,228 | €0 | -€20,228 | -100% |
| Other amounts receivable | 41 | €10,430 | €13,400 | +€2,970 | +28.5% |
| Cash at bank and in hand | 54/58 | €8,257 | €15,214 | +€6,957 | +84.3% |
| Deferred charges and accrued income | 490/1 | €80 | €147 | +€67 | +84.1% |
| Total equity and liabilities | 10/49 | €60,550 | €58,266 | -€2,284 | -3.8% |
| Equity | 10/15 | €39,283 | €39,785 | +€502 | +1.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €33,283 | €33,785 | +€502 | +1.5% |
| Distributable reserves | 133 | €33,283 | €33,785 | +€502 | +1.5% |
| Amounts payable | 17/49 | €21,267 | €18,481 | -€2,786 | -13.1% |
| Amounts payable within one year | 42/48 | €21,267 | €18,481 | -€2,786 | -13.1% |
| Trade debts | 44 | €17,912 | €13,098 | -€4,814 | -26.9% |
| Suppliers | 440/4 | €17,912 | €13,098 | -€4,814 | -26.9% |
| Taxes, remuneration and social security | 45 | €2,905 | €4,423 | +€1,519 | +52.3% |
| Taxes | 450/3 | €2,905 | €4,423 | +€1,519 | +52.3% |
| Other amounts payable | 47/48 | €450 | €960 | +€510 | +113% |
| Other operating charges | 640/8 | €1,618 | €1,107 | -€511 | -31.6% |
| Gross operating margin | 9900 | €12,551 | €7,479 | -€5,072 | -40.4% |
| Operating profit (loss) | 9901 | €10,933 | €6,372 | -€4,561 | -41.7% |
| Financial income | 75/76B | €93 | €0 | -€93 | -99.9% |
| Recurring financial income | 75 | €93 | €0 | -€93 | -99.9% |
| Financial charges | 65/66B | €187 | €207 | +€20 | +10.8% |
| Recurring financial charges | 65 | €187 | €207 | +€20 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €10,839 | €6,165 | -€4,674 | -43.1% |
| Income taxes | 67/77 | €2,168 | €5,663 | +€3,495 | +161% |
| Profit (loss) for the period | 9904 | €8,671 | €502 | -€8,169 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,671 | €502 | -€8,169 | -94.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.