KiWi: 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.
KiWi
Largest movements
- Receivables within one year +€28,082
up €28,082 (+97.5%), from €28,791 to €56,873
of which Other amounts receivable: +€33,017
- Cash +€3,302
up €3,302 (+277.2%), from €1,191 to €4,493
mainly Other debts (+€16,887) and Tax, wage and social debts (+€11,496)
- Tangible fixed assets -€2,084
down €2,084 (-6.1%), from €34,140 to €32,055
of which Plant, machinery and equipment: -€3,595
- Other debts +€16,887
up €16,887 (+46.6%), from €36,241 to €53,128
- Tax, wage and social debts +€11,496
up €11,496 (+51.7%), from €22,246 to €33,742
of which Remuneration and social security: +€10,132
- Trade debts +€6,206
up €6,206 (+175.1%), from €3,544 to €9,750
- Debts after one year -€5,856
down €5,856 (-46.5%), from €12,605 to €6,749
- Profit (loss) carried forward +€996
up €996 (+4.9%), from -€20,344 to -€19,348
- Staff costs +€61,627
up €61,627 (+81.0%), from €76,104 to €137,730
- Gross operating margin +€51,978
up €51,978 (+52.9%), from €98,339 to €150,317
- Other operating charges -€3,948
down €3,948 (-90.8%), from €4,347 to €400
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 | €64,809 | €94,876 | +€30,067 | +46.4% |
| Fixed assets | 21/28 | €34,140 | €32,055 | -€2,084 | -6.1% |
| Tangible fixed assets | 22/27 | €34,140 | €32,055 | -€2,084 | -6.1% |
| Plant, machinery and equipment | 23 | €20,933 | €17,338 | -€3,595 | -17.2% |
| Furniture and vehicles | 24 | €1,254 | €2,976 | +€1,722 | +137.3% |
| Other tangible fixed assets | 26 | €11,953 | €11,742 | -€211 | -1.8% |
| Current assets | 29/58 | €30,670 | €62,821 | +€32,151 | +104.8% |
| Amounts receivable within one year | 40/41 | €28,791 | €56,873 | +€28,082 | +97.5% |
| Trade receivables | 40 | €28,791 | €23,856 | -€4,935 | -17.1% |
| Other amounts receivable | 41 | €0 | €33,017 | +€33,017 | |
| Cash at bank and in hand | 54/58 | €1,191 | €4,493 | +€3,302 | +277.2% |
| Deferred charges and accrued income | 490/1 | €687 | €1,454 | +€768 | +111.8% |
| Total equity and liabilities | 10/49 | €64,809 | €94,876 | +€30,067 | +46.4% |
| Equity | 10/15 | -€15,344 | -€14,348 | +€996 | +6.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,344 | -€19,348 | +€996 | +4.9% |
| Amounts payable | 17/49 | €80,153 | €109,225 | +€29,071 | +36.3% |
| Amounts payable after more than one year | 17 | €12,605 | €6,749 | -€5,856 | -46.5% |
| Financial debts | 170/4 | €12,605 | €6,749 | -€5,856 | -46.5% |
| Amounts payable within one year | 42/48 | €67,548 | €102,475 | +€34,927 | +51.7% |
| Current portion of amounts payable after more than one year | 42 | €5,518 | €5,856 | +€338 | +6.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,544 | €9,750 | +€6,206 | +175.1% |
| Suppliers | 440/4 | €3,544 | €9,750 | +€6,206 | +175.1% |
| Taxes, remuneration and social security | 45 | €22,246 | €33,742 | +€11,496 | +51.7% |
| Taxes | 450/3 | €736 | €2,101 | +€1,364 | +185.3% |
| Remuneration and social security | 454/9 | €21,509 | €31,641 | +€10,132 | +47.1% |
| Other amounts payable | 47/48 | €36,241 | €53,128 | +€16,887 | +46.6% |
| Remuneration, social security and pensions | 62 | €76,104 | €137,730 | +€61,627 | +81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,426 | €10,565 | +€139 | +1.3% |
| Other operating charges | 640/8 | €4,347 | €400 | -€3,948 | -90.8% |
| Non-recurring operating charges | 66A | €3,604 | €0 | -€3,604 | -100.0% |
| Gross operating margin | 9900 | €98,339 | €150,317 | +€51,978 | +52.9% |
| Operating profit (loss) | 9901 | €3,858 | €1,622 | -€2,236 | -58.0% |
| Financial income | 75/76B | €0 | €576 | +€576 | |
| Recurring financial income | 75 | €0 | €576 | +€576 | |
| Financial charges | 65/66B | €2,156 | €1,202 | -€954 | -44.3% |
| Recurring financial charges | 65 | €2,156 | €1,202 | -€954 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €1,703 | €996 | -€707 | -41.5% |
| Profit (loss) for the period | 9904 | €1,703 | €996 | -€707 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,703 | €996 | -€707 | -41.5% |
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 5 October 2026 via checked.be.