KIZO: 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.
KIZO
Largest movements
- Receivables within one year +€428,610
up €428,610 (+218.2%), from €196,469 to €625,079
of which Trade receivables: +€406,698
- Intangible fixed assets +€67,926
new in 2024: €67,926
- Financial fixed assets -€56,300
down €56,300 (-88.6%), from €63,520 to €7,220
- Advances received +€367,779
new in 2024: €367,779
- Trade debts +€101,669
up €101,669 (+123.4%), from €82,396 to €184,065
- Tax, wage and social debts -€41,909
down €41,909 (-40.1%), from €104,540 to €62,631
of which Remuneration and social security: -€29,434
- Other debts +€26,656
up €26,656 (+132.6%), from €20,103 to €46,759
- Debts after one year -€11,374
down €11,374 (-38.5%), from €29,516 to €18,142
- Gross operating margin -€72,493
down €72,493 (-48.4%), from €149,627 to €77,135
- Depreciation -€56,007
down €56,007 (-93.8%), from €59,698 to €3,691
- Staff costs -€6,285
down €6,285 (-8.0%), from €78,260 to €71,975
- Other operating charges -€2,534
down €2,534 (-79.7%), from €3,178 to €644
- Taxes -€1,805
down €1,805 (-52.4%), from €3,447 to €1,642
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,776 | €712,396 | +€436,619 | +158.3% |
| Fixed assets | 21/28 | €75,436 | €83,446 | +€8,009 | +10.6% |
| Intangible fixed assets | 21 | - | €67,926 | +€67,926 | |
| Tangible fixed assets | 22/27 | €11,916 | €8,300 | -€3,617 | -30.3% |
| Plant, machinery and equipment | 23 | €687 | €521 | -€166 | -24.2% |
| Furniture and vehicles | 24 | €11,229 | €7,779 | -€3,451 | -30.7% |
| Financial fixed assets | 28 | €63,520 | €7,220 | -€56,300 | -88.6% |
| Current assets | 29/58 | €200,340 | €628,950 | +€428,610 | +213.9% |
| Amounts receivable within one year | 40/41 | €196,469 | €625,079 | +€428,610 | +218.2% |
| Trade receivables | 40 | €195,061 | €601,759 | +€406,698 | +208.5% |
| Other amounts receivable | 41 | €1,408 | €23,320 | +€21,912 | +1556.5% |
| Cash at bank and in hand | 54/58 | €3,871 | €3,871 | = | 0.0% |
| Total equity and liabilities | 10/49 | €275,776 | €712,396 | +€436,619 | +158.3% |
| Equity | 10/15 | €18,894 | €13,508 | -€5,386 | -28.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,566 | -€6,952 | -€5,386 | -344.0% |
| Amounts payable | 17/49 | €256,882 | €698,887 | +€442,005 | +172.1% |
| Amounts payable after more than one year | 17 | €29,516 | €18,142 | -€11,374 | -38.5% |
| Financial debts | 170/4 | €29,516 | €18,142 | -€11,374 | -38.5% |
| Amounts payable within one year | 42/48 | €227,366 | €680,745 | +€453,380 | +199.4% |
| Current portion of amounts payable after more than one year | 42 | €10,327 | €10,564 | +€237 | +2.3% |
| Financial debts | 43 | €10,000 | €8,947 | -€1,053 | -10.5% |
| Credit institutions | 430/8 | €10,000 | €8,947 | -€1,053 | -10.5% |
| Trade debts | 44 | €82,396 | €184,065 | +€101,669 | +123.4% |
| Suppliers | 440/4 | €82,396 | €184,065 | +€101,669 | +123.4% |
| Advances received on contracts in progress | 46 | - | €367,779 | +€367,779 | |
| Taxes, remuneration and social security | 45 | €104,540 | €62,631 | -€41,909 | -40.1% |
| Taxes | 450/3 | €59,207 | €46,733 | -€12,475 | -21.1% |
| Remuneration and social security | 454/9 | €45,333 | €15,899 | -€29,434 | -64.9% |
| Other amounts payable | 47/48 | €20,103 | €46,759 | +€26,656 | +132.6% |
| Remuneration, social security and pensions | 62 | €78,260 | €71,975 | -€6,285 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,698 | €3,691 | -€56,007 | -93.8% |
| Other operating charges | 640/8 | €3,178 | €644 | -€2,534 | -79.7% |
| Gross operating margin | 9900 | €149,627 | €77,135 | -€72,493 | -48.4% |
| Operating profit (loss) | 9901 | €8,491 | €825 | -€7,666 | -90.3% |
| Financial charges | 65/66B | €3,950 | €4,569 | +€618 | +15.6% |
| Recurring financial charges | 65 | €3,950 | €4,569 | +€618 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €4,540 | -€3,744 | -€8,284 | |
| Income taxes | 67/77 | €3,447 | €1,642 | -€1,805 | -52.4% |
| Profit (loss) for the period | 9904 | €1,093 | -€5,386 | -€6,479 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,093 | -€5,386 | -€6,479 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.