KIWI: 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.
KIWI
Largest movements
- Cash +€41,174
up €41,174 (+130%), from €31,570 to €72,744
mainly Depreciation (+€16,234) and Net result for the year (+€14,459)
- Tangible fixed assets -€16,234
down €16,234 (-30.2%), from €53,815 to €37,581
of which Plant, machinery and equipment: -€14,846
- Receivables within one year +€7,515
up €7,515 (+88.4%), from €8,502 to €16,017
of which Other amounts receivable: +€8,524
- Stocks and contracts -€2,417
down €2,417 (-24.6%), from €9,805 to €7,389
- Trade debts +€13,095
up €13,095 (+64.3%), from €20,358 to €33,453
- Reserves +€10,797
new in 2025: €10,797
- Current portion of long-term debt -€6,300
down €6,300 (-88.1%), from €7,148 to €847
- Other debts +€5,892
up €5,892 (+233%), from €2,530 to €8,423
- Tax, wage and social debts +€3,763
up €3,763 (+6.2%), from €61,140 to €64,903
of which Taxes: +€6,362
- Gross operating margin +€41,545
up €41,545 (+10.6%), from €392,349 to €433,894
- Staff costs +€29,948
up €29,948 (+8.3%), from €362,697 to €392,645
- Taxes +€4,601
up €4,601 (+360%), from €1,278 to €5,879
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 | €106,514 | €137,423 | +€30,909 | +29.0% |
| Fixed assets | 21/28 | €54,885 | €38,651 | -€16,234 | -29.6% |
| Tangible fixed assets | 22/27 | €53,815 | €37,581 | -€16,234 | -30.2% |
| Plant, machinery and equipment | 23 | €48,331 | €33,485 | -€14,846 | -30.7% |
| Furniture and vehicles | 24 | €5,484 | €4,096 | -€1,388 | -25.3% |
| Financial fixed assets | 28 | €1,070 | €1,070 | = | 0.0% |
| Current assets | 29/58 | €51,629 | €98,772 | +€47,143 | +91.3% |
| Stocks and contracts in progress | 3 | €9,805 | €7,389 | -€2,417 | -24.6% |
| Stocks | 30/36 | €9,805 | €7,389 | -€2,417 | -24.6% |
| Amounts receivable within one year | 40/41 | €8,502 | €16,017 | +€7,515 | +88.4% |
| Trade receivables | 40 | €4,132 | €3,124 | -€1,009 | -24.4% |
| Other amounts receivable | 41 | €4,369 | €12,893 | +€8,524 | +195% |
| Cash at bank and in hand | 54/58 | €31,570 | €72,744 | +€41,174 | +130% |
| Deferred charges and accrued income | 490/1 | €1,752 | €2,622 | +€871 | +49.7% |
| Total equity and liabilities | 10/49 | €106,514 | €137,423 | +€30,909 | +29.0% |
| Equity | 10/15 | €15,338 | €29,797 | +€14,459 | +94.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | - | €10,797 | +€10,797 | |
| Distributable reserves | 133 | - | €10,797 | +€10,797 | |
| Profit (loss) carried forward | 14 | -€3,662 | €0 | +€3,662 | |
| Amounts payable | 17/49 | €91,175 | €107,626 | +€16,450 | +18.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €91,175 | €107,626 | +€16,450 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €7,148 | €847 | -€6,300 | -88.1% |
| Trade debts | 44 | €20,358 | €33,453 | +€13,095 | +64.3% |
| Suppliers | 440/4 | €20,358 | €33,453 | +€13,095 | +64.3% |
| Taxes, remuneration and social security | 45 | €61,140 | €64,903 | +€3,763 | +6.2% |
| Taxes | 450/3 | €4,977 | €11,339 | +€6,362 | +128% |
| Remuneration and social security | 454/9 | €56,163 | €53,564 | -€2,599 | -4.6% |
| Other amounts payable | 47/48 | €2,530 | €8,423 | +€5,892 | +233% |
| Remuneration, social security and pensions | 62 | €362,697 | €392,645 | +€29,948 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,959 | €16,234 | +€275 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,319 | €720 | -€598 | -45.4% |
| Other operating charges | 640/8 | €1,800 | €1,854 | +€53 | +3.0% |
| Gross operating margin | 9900 | €392,349 | €433,894 | +€41,545 | +10.6% |
| Operating profit (loss) | 9901 | €10,575 | €22,441 | +€11,867 | +112% |
| Financial income | 75/76B | €29 | €2,295 | +€2,266 | +7,730% |
| Recurring financial income | 75 | €29 | €2,295 | +€2,266 | +7,730% |
| Financial charges | 65/66B | €3,836 | €4,399 | +€563 | +14.7% |
| Recurring financial charges | 65 | €3,836 | €4,399 | +€563 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €6,768 | €20,338 | +€13,569 | +200% |
| Income taxes | 67/77 | €1,278 | €5,879 | +€4,601 | +360% |
| Profit (loss) for the period | 9904 | €5,490 | €14,459 | +€8,969 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €5,490 | €14,459 | +€8,969 | +163% |
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 27 October 2026 via checked.be.