KIWIMANJARO: 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.
KIWIMANJARO
Largest movements
- Tangible fixed assets +€33,385
up €33,385 (+1.7%), from €1.9m to €1.9m
of which Land and buildings: +€34,423
- Reserves +€47,611
up €47,611 (+28.3%), from €168,085 to €215,696
- Other debts -€23,311
down €23,311 (-19.6%), from €119,034 to €95,723
- Current portion of long-term debt +€22,992
up €22,992 (+19.1%), from €120,517 to €143,509
- Tax, wage and social debts -€19,804
down €19,804 (-58.6%), from €33,782 to €13,978
- Depreciation +€11,701
up €11,701 (+19.1%), from €61,278 to €72,979
- Gross operating margin -€10,934
down €10,934 (-5.7%), from €190,632 to €179,698
- Taxes -€6,149
down €6,149 (-33.3%), from €18,487 to €12,338
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 | €1,936,654 | €1,973,045 | +€36,392 | +1.9% |
| Fixed assets | 21/28 | €1,910,770 | €1,944,155 | +€33,385 | +1.7% |
| Tangible fixed assets | 22/27 | €1,910,770 | €1,944,155 | +€33,385 | +1.7% |
| Land and buildings | 22 | €1,907,144 | €1,941,567 | +€34,423 | +1.8% |
| Plant, machinery and equipment | 23 | €3,626 | €2,588 | -€1,038 | -28.6% |
| Current assets | 29/58 | €25,884 | €28,890 | +€3,006 | +11.6% |
| Amounts receivable within one year | 40/41 | €22,868 | €28,664 | +€5,797 | +25.3% |
| Other amounts receivable | 41 | €22,868 | €28,664 | +€5,797 | +25.3% |
| Cash at bank and in hand | 54/58 | €1,054 | €226 | -€828 | -78.6% |
| Deferred charges and accrued income | 490/1 | €1,962 | €0 | -€1,962 | -100% |
| Total equity and liabilities | 10/49 | €1,936,654 | €1,973,045 | +€36,392 | +1.9% |
| Equity | 10/15 | €188,085 | €235,696 | +€47,611 | +25.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €168,085 | €215,696 | +€47,611 | +28.3% |
| Distributable reserves | 133 | €168,085 | €215,696 | +€47,611 | +28.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,748,569 | €1,737,349 | -€11,220 | -0.6% |
| Amounts payable after more than one year | 17 | €1,472,099 | €1,479,932 | +€7,833 | +0.5% |
| Financial debts | 170/4 | €1,472,099 | €1,479,932 | +€7,833 | +0.5% |
| Amounts payable within one year | 42/48 | €275,770 | €256,567 | -€19,202 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €120,517 | €143,509 | +€22,992 | +19.1% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €2,436 | €3,358 | +€921 | +37.8% |
| Suppliers | 440/4 | €2,436 | €3,358 | +€921 | +37.8% |
| Taxes, remuneration and social security | 45 | €33,782 | €13,978 | -€19,804 | -58.6% |
| Taxes | 450/3 | €33,782 | €13,978 | -€19,804 | -58.6% |
| Other amounts payable | 47/48 | €119,034 | €95,723 | -€23,311 | -19.6% |
| Accrued charges and deferred income | 492/3 | €700 | €850 | +€150 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,278 | €72,979 | +€11,701 | +19.1% |
| Other operating charges | 640/8 | €7,686 | €8,910 | +€1,224 | +15.9% |
| Gross operating margin | 9900 | €190,632 | €179,698 | -€10,934 | -5.7% |
| Operating profit (loss) | 9901 | €121,669 | €97,809 | -€23,860 | -19.6% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €37,456 | €37,860 | +€404 | +1.1% |
| Recurring financial charges | 65 | €37,456 | €37,860 | +€404 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €84,216 | €59,949 | -€24,266 | -28.8% |
| Income taxes | 67/77 | €18,487 | €12,338 | -€6,149 | -33.3% |
| Profit (loss) for the period | 9904 | €65,729 | €47,611 | -€18,117 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,729 | €47,611 | -€18,117 | -27.6% |
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 20 October 2026 via checked.be.