KIYAN: 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.
KIYAN
Largest movements
- Receivables within one year +€39,983
up €39,983 (+649.3%), from €6,158 to €46,141
of which Trade receivables: +€38,624
- Cash -€18,085
down €18,085 (-27.0%), from €67,105 to €49,019
mainly Receivables within one year (-€39,983) and Other debts (-€20,182)
- Stocks and contracts +€3,489
up €3,489 (+9.8%), from €35,498 to €38,987
- Tangible fixed assets -€2,521
down €2,521 (-49.0%), from €5,140 to €2,619
of which Furniture and vehicles: -€2,028
- Trade debts +€38,671
up €38,671 (+191.0%), from €20,250 to €58,921
- Other debts -€20,182
down €20,182 (-81.7%), from €24,695 to €4,513
- Current portion of long-term debt -€13,206
down €13,206 (-91.1%), from €14,498 to €1,292
- Profit (loss) carried forward +€7,725
up €7,725 (+21.3%), from €36,208 to €43,932
- Tax, wage and social debts +€5,846
up €5,846 (+19.5%), from €29,923 to €35,770
of which Remuneration and social security: +€7,011
- Staff costs +€43,940
up €43,940 (+166.0%), from €26,464 to €70,404
- Gross operating margin +€24,982
up €24,982 (+31.7%), from €78,891 to €103,873
- Financial charges +€5,676
up €5,676 (+169.1%), from €3,357 to €9,033
of which Non-recurring financial charges: +€4,992
- Taxes -€5,369
down €5,369 (-52.8%), from €10,171 to €4,802
- Depreciation -€2,466
down €2,466 (-49.4%), from €4,986 to €2,521
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 | €151,339 | €173,800 | +€22,460 | +14.8% |
| Fixed assets | 21/28 | €5,140 | €2,619 | -€2,521 | -49.0% |
| Tangible fixed assets | 22/27 | €5,140 | €2,619 | -€2,521 | -49.0% |
| Plant, machinery and equipment | 23 | €1,031 | €539 | -€492 | -47.8% |
| Furniture and vehicles | 24 | €4,109 | €2,081 | -€2,028 | -49.4% |
| Current assets | 29/58 | €146,199 | €171,180 | +€24,981 | +17.1% |
| Amounts receivable after more than one year | 29 | €37,000 | €37,000 | = | 0.0% |
| Other amounts receivable | 291 | €37,000 | €37,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €35,498 | €38,987 | +€3,489 | +9.8% |
| Stocks | 30/36 | €35,498 | €38,987 | +€3,489 | +9.8% |
| Amounts receivable within one year | 40/41 | €6,158 | €46,141 | +€39,983 | +649.3% |
| Trade receivables | 40 | €0 | €38,624 | +€38,624 | |
| Other amounts receivable | 41 | €6,158 | €7,518 | +€1,359 | +22.1% |
| Cash at bank and in hand | 54/58 | €67,105 | €49,019 | -€18,085 | -27.0% |
| Deferred charges and accrued income | 490/1 | €438 | €32 | -€406 | -92.6% |
| Total equity and liabilities | 10/49 | €151,339 | €173,800 | +€22,460 | +14.8% |
| Equity | 10/15 | €55,338 | €63,062 | +€7,725 | +14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €530 | €530 | = | 0.0% |
| Non-distributable reserves | 130/1 | €530 | €530 | = | 0.0% |
| Reserves not available under the articles | 1311 | €530 | €530 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,208 | €43,932 | +€7,725 | +21.3% |
| Amounts payable | 17/49 | €96,002 | €110,737 | +€14,736 | +15.3% |
| Amounts payable after more than one year | 17 | €6,635 | €5,343 | -€1,292 | -19.5% |
| Financial debts | 170/4 | €6,635 | €5,343 | -€1,292 | -19.5% |
| Amounts payable within one year | 42/48 | €89,367 | €105,394 | +€16,027 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €14,498 | €1,292 | -€13,206 | -91.1% |
| Financial debts | 43 | - | €4,899 | +€4,899 | |
| Credit institutions | 430/8 | - | €4,899 | +€4,899 | |
| Trade debts | 44 | €20,250 | €58,921 | +€38,671 | +191.0% |
| Suppliers | 440/4 | €20,250 | €58,921 | +€38,671 | +191.0% |
| Taxes, remuneration and social security | 45 | €29,923 | €35,770 | +€5,846 | +19.5% |
| Taxes | 450/3 | €23,967 | €22,802 | -€1,164 | -4.9% |
| Remuneration and social security | 454/9 | €5,957 | €12,967 | +€7,011 | +117.7% |
| Other amounts payable | 47/48 | €24,695 | €4,513 | -€20,182 | -81.7% |
| Remuneration, social security and pensions | 62 | €26,464 | €70,404 | +€43,940 | +166.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,986 | €2,521 | -€2,466 | -49.4% |
| Other operating charges | 640/8 | €7,013 | €9,196 | +€2,183 | +31.1% |
| Non-recurring operating charges | 66A | €10,929 | - | -€10,929 | |
| Gross operating margin | 9900 | €78,891 | €103,873 | +€24,982 | +31.7% |
| Operating profit (loss) | 9901 | €29,500 | €21,753 | -€7,747 | -26.3% |
| Financial income | 75/76B | €776 | €16 | -€760 | -97.9% |
| Recurring financial income | 75 | €776 | €16 | -€760 | -97.9% |
| Financial charges | 65/66B | €3,357 | €9,033 | +€5,676 | +169.1% |
| Recurring financial charges | 65 | €3,357 | €4,041 | +€684 | +20.4% |
| Non-recurring financial charges | 66B | - | €4,992 | +€4,992 | |
| Profit (loss) for the period before taxes | 9903 | €26,920 | €12,736 | -€14,183 | -52.7% |
| Income taxes | 67/77 | €10,171 | €4,802 | -€5,369 | -52.8% |
| Profit (loss) for the period | 9904 | €16,748 | €7,934 | -€8,814 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,748 | €7,934 | -€8,814 | -52.6% |
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 4 October 2026 via checked.be.