KIX: 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.
KIX
Largest movements
- Tangible fixed assets +€676,124
up €676,124 (+206.6%), from €327,207 to €1.0m
of which Land and buildings: +€742,719
- Current investments -€100,882
down €100,882 (-25.3%), from €398,234 to €297,351
- Cash -€27,116
down €27,116 (-58.5%), from €46,333 to €19,217
mainly Investment in fixed assets (net) (-€753,000) and Other debts (-€33,559)
- Debts after one year +€490,848
up €490,848 (+180.6%), from €271,739 to €762,587
- Current portion of long-term debt +€54,380
up €54,380 (+202.9%), from €26,802 to €81,181
- Reserves +€40,090
up €40,090 (+8.9%), from €449,640 to €489,730
of which Distributable reserves: +€40,090
- Other debts -€33,559
no longer reported in 2025 (was €33,559)
- Financial income +€243,185
up €243,185 (+3110.5%), from €7,818 to €251,003
- Other operating charges +€149,468
up €149,468 (+6508.9%), from €2,296 to €151,764
- Financial charges +€20,227
up €20,227 (+163.4%), from €12,381 to €32,608
- Gross operating margin -€16,639
down €16,639 (-23.4%), from €71,214 to €54,575
- Depreciation +€8,502
up €8,502 (+12.4%), from €68,374 to €76,876
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 | €858,768 | €1,409,494 | +€550,725 | +64.1% |
| Fixed assets | 21/28 | €336,321 | €1,012,445 | +€676,124 | +201.0% |
| Tangible fixed assets | 22/27 | €327,207 | €1,003,331 | +€676,124 | +206.6% |
| Land and buildings | 22 | - | €742,719 | +€742,719 | |
| Plant, machinery and equipment | 23 | €19,165 | €16,121 | -€3,044 | -15.9% |
| Furniture and vehicles | 24 | €64,587 | €49,695 | -€14,892 | -23.1% |
| Other tangible fixed assets | 26 | €243,455 | €194,796 | -€48,659 | -20.0% |
| Financial fixed assets | 28 | €9,114 | €9,114 | = | 0.0% |
| Current assets | 29/58 | €522,447 | €397,049 | -€125,399 | -24.0% |
| Amounts receivable within one year | 40/41 | €77,881 | €80,480 | +€2,600 | +3.3% |
| Trade receivables | 40 | €67,450 | €16,964 | -€50,486 | -74.8% |
| Other amounts receivable | 41 | €10,431 | €63,517 | +€53,086 | +508.9% |
| Current investments | 50/53 | €398,234 | €297,351 | -€100,882 | -25.3% |
| Cash at bank and in hand | 54/58 | €46,333 | €19,217 | -€27,116 | -58.5% |
| Total equity and liabilities | 10/49 | €858,768 | €1,409,494 | +€550,725 | +64.1% |
| Equity | 10/15 | €484,035 | €524,134 | +€40,099 | +8.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €449,640 | €489,730 | +€40,090 | +8.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €447,780 | €487,870 | +€40,090 | +9.0% |
| Profit (loss) carried forward | 14 | €21,995 | €22,004 | +€9 | 0.0% |
| Provisions and deferred taxes | 16 | €20,000 | €20,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €20,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €354,733 | €865,360 | +€510,627 | +143.9% |
| Amounts payable after more than one year | 17 | €271,739 | €762,587 | +€490,848 | +180.6% |
| Financial debts | 170/4 | €271,739 | €762,587 | +€490,848 | +180.6% |
| Amounts payable within one year | 42/48 | €82,994 | €102,773 | +€19,779 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €26,802 | €81,181 | +€54,380 | +202.9% |
| Trade debts | 44 | €13,063 | €8,912 | -€4,151 | -31.8% |
| Suppliers | 440/4 | €13,063 | €8,912 | -€4,151 | -31.8% |
| Taxes, remuneration and social security | 45 | €9,571 | €12,680 | +€3,109 | +32.5% |
| Taxes | 450/3 | €9,571 | €12,680 | +€3,109 | +32.5% |
| Other amounts payable | 47/48 | €33,559 | - | -€33,559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,374 | €76,876 | +€8,502 | +12.4% |
| Other operating charges | 640/8 | €2,296 | €151,764 | +€149,468 | +6508.9% |
| Gross operating margin | 9900 | €71,214 | €54,575 | -€16,639 | -23.4% |
| Operating profit (loss) | 9901 | €544 | -€174,065 | -€174,609 | |
| Financial income | 75/76B | €7,818 | €251,003 | +€243,185 | +3110.5% |
| Recurring financial income | 75 | €7,818 | €251,003 | +€243,185 | +3110.5% |
| Financial charges | 65/66B | €12,381 | €32,608 | +€20,227 | +163.4% |
| Recurring financial charges | 65 | €12,381 | €32,608 | +€20,227 | +163.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,019 | €44,330 | +€48,350 | |
| Income taxes | 67/77 | €1,899 | €4,231 | +€2,332 | +122.8% |
| Profit (loss) for the period | 9904 | -€5,918 | €40,099 | +€46,017 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,918 | €40,099 | +€46,017 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.