KJELL & IAN: what changed
KJELL & IAN
Largest movements
- Receivables within one year +€26,685
up €26,685 (+60.1%), from €44,395 to €71,080
of which Trade receivables: +€24,645
- Cash -€21,255
down €21,255 (-95.8%), from €22,179 to €924
mainly Net result for the year (-€67,183) and Receivables within one year (-€26,685)
- Tangible fixed assets -€12,794
down €12,794 (-52.7%), from €24,264 to €11,470
of which Other tangible fixed assets: -€11,111
- Stocks and contracts -€5,005
no longer reported in 2025 (was €5,005)
- Current investments -€2,679
no longer reported in 2025 (was €2,679)
- Trade debts +€59,722
up €59,722 (+529%), from €11,285 to €71,007
- Reserves -€51,170
no longer reported in 2025 (was €51,170)
- Profit (loss) carried forward -€16,012
new in 2025: -€16,012
- Tax, wage and social debts -€13,123
down €13,123 (-59.6%), from €22,031 to €8,907
of which Remuneration and social security: -€7,969
- Other debts +€5,050
up €5,050 (+673%), from €750 to €5,800
- Gross operating margin -€116,581
down €116,581 (-83.8%), from €139,047 to €22,465
- Staff costs -€15,596
down €15,596 (-17.5%), from €89,074 to €73,478
- Purchases and services -€12,008
down €12,008 (-5.2%), from €233,014 to €221,006
- Financial charges +€8,916
up €8,916 (+219%), from €4,071 to €12,988
of which Non-recurring financial charges: +€11,111
- Taxes -€8,826
down €8,826, from €7,558 to -€1,268
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,236 | €89,702 | -€15,534 | -14.8% |
| Formation expenses | 20 | €1,014 | €528 | -€486 | -48.0% |
| Fixed assets | 21/28 | €29,964 | €17,170 | -€12,794 | -42.7% |
| Tangible fixed assets | 22/27 | €24,264 | €11,470 | -€12,794 | -52.7% |
| Plant, machinery and equipment | 23 | €13,153 | €11,470 | -€1,683 | -12.8% |
| Other tangible fixed assets | 26 | €11,111 | - | -€11,111 | |
| Financial fixed assets | 28 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €74,258 | €72,004 | -€2,254 | -3.0% |
| Stocks and contracts in progress | 3 | €5,005 | - | -€5,005 | |
| Stocks | 30/36 | €5,005 | - | -€5,005 | |
| Amounts receivable within one year | 40/41 | €44,395 | €71,080 | +€26,685 | +60.1% |
| Trade receivables | 40 | €44,395 | €69,040 | +€24,645 | +55.5% |
| Other amounts receivable | 41 | - | €2,040 | +€2,040 | |
| Current investments | 50/53 | €2,679 | - | -€2,679 | |
| Cash at bank and in hand | 54/58 | €22,179 | €924 | -€21,255 | -95.8% |
| Total equity and liabilities | 10/49 | €105,236 | €89,702 | -€15,534 | -14.8% |
| Equity | 10/15 | €71,170 | €3,988 | -€67,183 | -94.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €51,170 | - | -€51,170 | |
| Distributable reserves | 133 | €51,170 | - | -€51,170 | |
| Profit (loss) carried forward | 14 | - | -€16,012 | -€16,012 | |
| Amounts payable | 17/49 | €34,066 | €85,714 | +€51,648 | +152% |
| Amounts payable within one year | 42/48 | €34,066 | €85,714 | +€51,648 | +152% |
| Trade debts | 44 | €11,285 | €71,007 | +€59,722 | +529% |
| Suppliers | 440/4 | €11,285 | €71,007 | +€59,722 | +529% |
| Taxes, remuneration and social security | 45 | €22,031 | €8,907 | -€13,123 | -59.6% |
| Taxes | 450/3 | €14,062 | €8,907 | -€5,155 | -36.7% |
| Remuneration and social security | 454/9 | €7,969 | - | -€7,969 | |
| Other amounts payable | 47/48 | €750 | €5,800 | +€5,050 | +673% |
| Goods, raw materials, services and sundry goods | 60/61 | €233,014 | €221,006 | -€12,008 | -5.2% |
| Remuneration, social security and pensions | 62 | €89,074 | €73,478 | -€15,596 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,558 | €2,170 | -€1,389 | -39.0% |
| Other operating charges | 640/8 | €2,920 | €2,653 | -€267 | -9.1% |
| Gross operating margin | 9900 | €139,047 | €22,465 | -€116,581 | -83.8% |
| Operating profit (loss) | 9901 | €43,494 | -€55,835 | -€99,330 | |
| Financial income | 75/76B | €796 | €372 | -€423 | -53.2% |
| Recurring financial income | 75 | €796 | €372 | -€423 | -53.2% |
| Financial charges | 65/66B | €4,071 | €12,988 | +€8,916 | +219% |
| Recurring financial charges | 65 | €4,071 | €1,876 | -€2,195 | -53.9% |
| Non-recurring financial charges | 66B | - | €11,111 | +€11,111 | |
| Profit (loss) for the period before taxes | 9903 | €40,219 | -€68,450 | -€108,669 | |
| Income taxes | 67/77 | €7,558 | -€1,268 | -€8,826 | |
| Profit (loss) for the period | 9904 | €32,660 | -€67,183 | -€99,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,660 | -€67,183 | -€99,843 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.