KIWI'S: 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'S
Largest movements
- Deferred charges and accrued income +€6,242
new in 2025: €6,242
- Tangible fixed assets -€3,363
down €3,363 (-17.5%), from €19,245 to €15,882
of which Other tangible fixed assets: -€2,455
- Cash +€3,116
up €3,116 (+13.9%), from €22,460 to €25,576
mainly Trade debts (+€14,066) and Net result for the year (+€4,032)
- Receivables within one year +€2,694
up €2,694 (+107%), from €2,520 to €5,214
of which Trade receivables: +€2,694
- Stocks and contracts +€1,040
up €1,040 (+10.1%), from €10,286 to €11,326
- Trade debts +€14,066
up €14,066 (+46.1%), from €30,525 to €44,591
- Profit (loss) carried forward +€4,032
up €4,032 (+13.2%), from -€30,593 to -€26,562
- Tax, wage and social debts -€2,622
down €2,622 (-15.8%), from €16,600 to €13,978
of which Remuneration and social security: -€1,719
- Debts after one year -€2,566
down €2,566 (-48.6%), from €5,277 to €2,712
- Current portion of long-term debt -€2,536
down €2,536 (-49.7%), from €5,102 to €2,566
- Staff costs +€20,511
up €20,511 (+19.8%), from €103,496 to €124,007
- Gross operating margin +€18,274
up €18,274 (+15.9%), from €115,254 to €133,528
- Financial charges -€2,835
down €2,835 (-62.8%), from €4,511 to €1,676
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 | €54,512 | €64,240 | +€9,728 | +17.8% |
| Fixed assets | 21/28 | €19,245 | €15,882 | -€3,363 | -17.5% |
| Tangible fixed assets | 22/27 | €19,245 | €15,882 | -€3,363 | -17.5% |
| Plant, machinery and equipment | 23 | €711 | €62 | -€649 | -91.3% |
| Furniture and vehicles | 24 | €832 | €572 | -€260 | -31.2% |
| Other tangible fixed assets | 26 | €17,702 | €15,247 | -€2,455 | -13.9% |
| Current assets | 29/58 | €35,266 | €48,358 | +€13,092 | +37.1% |
| Stocks and contracts in progress | 3 | €10,286 | €11,326 | +€1,040 | +10.1% |
| Stocks | 30/36 | €10,286 | €11,326 | +€1,040 | +10.1% |
| Amounts receivable within one year | 40/41 | €2,520 | €5,214 | +€2,694 | +107% |
| Trade receivables | 40 | €20 | €2,714 | +€2,694 | +13,468% |
| Other amounts receivable | 41 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,460 | €25,576 | +€3,116 | +13.9% |
| Deferred charges and accrued income | 490/1 | - | €6,242 | +€6,242 | |
| Total equity and liabilities | 10/49 | €54,512 | €64,240 | +€9,728 | +17.8% |
| Equity | 10/15 | -€6,346 | -€2,314 | +€4,032 | +63.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €5,247 | €5,247 | = | 0.0% |
| Distributable reserves | 133 | €5,247 | €5,247 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,593 | -€26,562 | +€4,032 | +13.2% |
| Amounts payable | 17/49 | €60,857 | €66,554 | +€5,697 | +9.4% |
| Amounts payable after more than one year | 17 | €5,277 | €2,712 | -€2,566 | -48.6% |
| Financial debts | 170/4 | €5,277 | €2,712 | -€2,566 | -48.6% |
| Amounts payable within one year | 42/48 | €55,580 | €63,842 | +€8,262 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €5,102 | €2,566 | -€2,536 | -49.7% |
| Financial debts | 43 | €853 | €2,707 | +€1,854 | +217% |
| Credit institutions | 430/8 | €853 | €2,707 | +€1,854 | +217% |
| Trade debts | 44 | €30,525 | €44,591 | +€14,066 | +46.1% |
| Suppliers | 440/4 | €30,525 | €44,591 | +€14,066 | +46.1% |
| Taxes, remuneration and social security | 45 | €16,600 | €13,978 | -€2,622 | -15.8% |
| Taxes | 450/3 | €6,420 | €5,517 | -€903 | -14.1% |
| Remuneration and social security | 454/9 | €10,181 | €8,461 | -€1,719 | -16.9% |
| Other amounts payable | 47/48 | €2,500 | - | -€2,500 | |
| Remuneration, social security and pensions | 62 | €103,496 | €124,007 | +€20,511 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,713 | €3,363 | -€350 | -9.4% |
| Other operating charges | 640/8 | €1,979 | €1,466 | -€513 | -25.9% |
| Gross operating margin | 9900 | €115,254 | €133,528 | +€18,274 | +15.9% |
| Operating profit (loss) | 9901 | €6,065 | €4,691 | -€1,374 | -22.7% |
| Financial income | 75/76B | €78 | €1,017 | +€939 | +1,198% |
| Recurring financial income | 75 | €78 | €1,017 | +€939 | +1,198% |
| Financial charges | 65/66B | €4,511 | €1,676 | -€2,835 | -62.8% |
| Recurring financial charges | 65 | €4,511 | €1,676 | -€2,835 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | €1,632 | €4,032 | +€2,400 | +147% |
| Profit (loss) for the period | 9904 | €1,632 | €4,032 | +€2,400 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €1,632 | €4,032 | +€2,400 | +147% |
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 15 October 2026 via checked.be.