Kyanah: 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.
Kyanah
Largest movements
- Receivables within one year +€68,800
up €68,800 (+252%), from €27,258 to €96,059
- Cash -€43,021
down €43,021 (-39.6%), from €108,518 to €65,497
mainly Receivables within one year (-€68,800) and Investment in fixed assets (net) (-€44,820)
- Tangible fixed assets -€3,833
down €3,833 (-2.9%), from €134,271 to €130,438
of which Other tangible fixed assets: -€20,276
- Deferred charges and accrued income -€3,343
down €3,343 (-54.3%), from €6,162 to €2,818
- Reserves +€17,738
up €17,738 (+11.3%), from €156,801 to €174,539
of which Distributable reserves: +€18,676
- Trade debts +€5,557
up €5,557 (+215%), from €2,589 to €8,146
- Tax, wage and social debts -€4,349
down €4,349 (-17.4%), from €25,030 to €20,681
of which Remuneration and social security: -€12,176
- Current portion of long-term debt +€4,069
up €4,069 (+14.9%), from €27,360 to €31,430
- Gross operating margin -€53,263
down €53,263 (-28.8%), from €184,748 to €131,484
- Staff costs -€41,858
down €41,858 (-46.5%), from €90,015 to €48,158
- Depreciation +€5,140
up €5,140 (+11.8%), from €43,513 to €48,652
- Taxes +€2,860
up €2,860 (+64.1%), from €4,460 to €7,320
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.
Derived cash bridge
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 | €279,508 | €298,736 | +€19,228 | +6.9% |
| Fixed assets | 21/28 | €134,956 | €131,123 | -€3,833 | -2.8% |
| Tangible fixed assets | 22/27 | €134,271 | €130,438 | -€3,833 | -2.9% |
| Plant, machinery and equipment | 23 | €43,086 | €29,740 | -€13,346 | -31.0% |
| Furniture and vehicles | 24 | €8,584 | €38,374 | +€29,789 | +347% |
| Other tangible fixed assets | 26 | €82,600 | €62,324 | -€20,276 | -24.5% |
| Financial fixed assets | 28 | €685 | €685 | = | 0.0% |
| Current assets | 29/58 | €144,552 | €167,613 | +€23,061 | +16.0% |
| Stocks and contracts in progress | 3 | €2,614 | €3,239 | +€625 | +23.9% |
| Stocks | 30/36 | €2,614 | €3,239 | +€625 | +23.9% |
| Amounts receivable within one year | 40/41 | €27,258 | €96,059 | +€68,800 | +252% |
| Other amounts receivable | 41 | €27,258 | €96,059 | +€68,800 | +252% |
| Cash at bank and in hand | 54/58 | €108,518 | €65,497 | -€43,021 | -39.6% |
| Deferred charges and accrued income | 490/1 | €6,162 | €2,818 | -€3,343 | -54.3% |
| Total equity and liabilities | 10/49 | €279,508 | €298,736 | +€19,228 | +6.9% |
| Equity | 10/15 | €175,401 | €193,139 | +€17,738 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €156,801 | €174,539 | +€17,738 | +11.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,875 | €938 | -€938 | -50.0% |
| Distributable reserves | 133 | €153,066 | €171,742 | +€18,676 | +12.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €625 | €313 | -€313 | -50.0% |
| Deferred taxes | 168 | €625 | €313 | -€313 | -50.0% |
| Amounts payable | 17/49 | €103,482 | €105,284 | +€1,803 | +1.7% |
| Amounts payable after more than one year | 17 | €46,693 | €43,794 | -€2,900 | -6.2% |
| Financial debts | 170/4 | €46,693 | €43,794 | -€2,900 | -6.2% |
| Amounts payable within one year | 42/48 | €56,722 | €61,423 | +€4,701 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €27,360 | €31,430 | +€4,069 | +14.9% |
| Trade debts | 44 | €2,589 | €8,146 | +€5,557 | +215% |
| Suppliers | 440/4 | €2,589 | €8,146 | +€5,557 | +215% |
| Taxes, remuneration and social security | 45 | €25,030 | €20,681 | -€4,349 | -17.4% |
| Taxes | 450/3 | €7,920 | €15,746 | +€7,827 | +98.8% |
| Remuneration and social security | 454/9 | €17,110 | €4,934 | -€12,176 | -71.2% |
| Other amounts payable | 47/48 | €1,743 | €1,166 | -€577 | -33.1% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | €2,546 | €13,333 | +€10,787 | +424% |
| Remuneration, social security and pensions | 62 | €90,015 | €48,158 | -€41,858 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,513 | €48,652 | +€5,140 | +11.8% |
| Other operating charges | 640/8 | €6,657 | €6,107 | -€550 | -8.3% |
| Gross operating margin | 9900 | €184,748 | €131,484 | -€53,263 | -28.8% |
| Operating profit (loss) | 9901 | €44,562 | €28,567 | -€15,995 | -35.9% |
| Financial income | 75/76B | €1,170 | €2,242 | +€1,073 | +91.7% |
| Recurring financial income | 75 | €1,170 | €2,242 | +€1,073 | +91.7% |
| Financial charges | 65/66B | €5,000 | €4,398 | -€601 | -12.0% |
| Recurring financial charges | 65 | €5,000 | €4,398 | -€601 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €40,733 | €26,411 | -€14,321 | -35.2% |
| Transfer from deferred taxes | 780 | €313 | €313 | = | 0.0% |
| Income taxes | 67/77 | €4,460 | €7,320 | +€2,860 | +64.1% |
| Profit (loss) for the period | 9904 | €36,585 | €19,404 | -€17,181 | -47.0% |
| Transfer from tax-exempt reserves | 789 | €938 | €938 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,523 | €20,342 | -€17,181 | -45.8% |
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 25 October 2026 via checked.be.