KIZEEWI: 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.
KIZEEWI
Largest movements
- Receivables within one year +€27,936
up €27,936 (+82.5%), from €33,882 to €61,819
of which Trade receivables: +€27,924
- Cash -€2,539
down €2,539 (-7.4%), from €34,512 to €31,973
mainly Receivables within one year (-€27,936) and Trade debts (-€233)
- Reserves +€18,058
up €18,058 (+40.2%), from €44,890 to €62,948
of which Distributable reserves: +€18,058
- Other debts +€6,150
up €6,150 (+139.2%), from €4,417 to €10,567
- Tax, wage and social debts +€1,426
up €1,426 (+521.5%), from €273 to €1,699
- Gross operating margin +€7,178
up €7,178 (+39.0%), from €18,427 to €25,605
- Taxes +€1,710
up €1,710 (+34.3%), from €4,989 to €6,699
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 | €68,471 | €93,871 | +€25,400 | +37.1% |
| Current assets | 29/58 | €68,471 | €93,871 | +€25,400 | +37.1% |
| Amounts receivable within one year | 40/41 | €33,882 | €61,819 | +€27,936 | +82.5% |
| Trade receivables | 40 | €33,040 | €60,964 | +€27,924 | +84.5% |
| Other amounts receivable | 41 | €843 | €855 | +€12 | +1.5% |
| Cash at bank and in hand | 54/58 | €34,512 | €31,973 | -€2,539 | -7.4% |
| Deferred charges and accrued income | 490/1 | €76 | €80 | +€3 | +4.2% |
| Total equity and liabilities | 10/49 | €68,471 | €93,871 | +€25,400 | +37.1% |
| Equity | 10/15 | €63,490 | €81,548 | +€18,058 | +28.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,890 | €62,948 | +€18,058 | +40.2% |
| 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 | €43,030 | €61,088 | +€18,058 | +42.0% |
| Amounts payable | 17/49 | €4,980 | €12,323 | +€7,342 | +147.4% |
| Amounts payable within one year | 42/48 | €4,980 | €12,323 | +€7,342 | +147.4% |
| Trade debts | 44 | €290 | €57 | -€233 | -80.4% |
| Suppliers | 440/4 | €290 | €57 | -€233 | -80.4% |
| Taxes, remuneration and social security | 45 | €273 | €1,699 | +€1,426 | +521.5% |
| Taxes | 450/3 | €273 | €1,699 | +€1,426 | +521.5% |
| Other amounts payable | 47/48 | €4,417 | €10,567 | +€6,150 | +139.2% |
| Other operating charges | 640/8 | €862 | €778 | -€84 | -9.8% |
| Gross operating margin | 9900 | €18,427 | €25,605 | +€7,178 | +39.0% |
| Operating profit (loss) | 9901 | €17,565 | €24,827 | +€7,262 | +41.3% |
| Financial charges | 65/66B | €69 | €70 | +€1 | +2.0% |
| Recurring financial charges | 65 | €69 | €70 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €17,496 | €24,757 | +€7,261 | +41.5% |
| Income taxes | 67/77 | €4,989 | €6,699 | +€1,710 | +34.3% |
| Profit (loss) for the period | 9904 | €12,507 | €18,058 | +€5,551 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,507 | €18,058 | +€5,551 | +44.4% |
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 9 October 2026 via checked.be.