KYBER: 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.
KYBER
Largest movements
- Receivables after one year -€57,500
no longer reported in 2025 (was €57,500)
- Cash +€22,060
up €22,060 (+25.1%), from €87,759 to €109,819
mainly Receivables after one year (+€57,500) and Net result for the year (+€55,932)
- Receivables within one year +€8,103
up €8,103 (+30.9%), from €26,263 to €34,366
of which Trade receivables: +€18,077
- Reserves -€19,078
down €19,078 (-10.2%), from €187,490 to €168,412
- Debts after one year -€10,231
down €10,231 (-28.6%), from €35,776 to €25,546
- Gross operating margin +€50,411
up €50,411 (+124.5%), from €40,501 to €90,912
- Taxes +€10,471
up €10,471 (+95.4%), from €10,973 to €21,444
- Depreciation +€9,388
up €9,388 (+120.0%), from €7,820 to €17,208
- Financial income +€1,022
up €1,022 (+22.2%), from €4,601 to €5,623
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €255,039 | €226,734 | -€28,305 | -11.1% |
| Fixed assets | 21/28 | €55,668 | €54,699 | -€969 | -1.7% |
| Tangible fixed assets | 22/27 | €55,368 | €54,399 | -€969 | -1.7% |
| Plant, machinery and equipment | 23 | €2,360 | €1,246 | -€1,114 | -47.2% |
| Furniture and vehicles | 24 | €53,008 | €53,153 | +€145 | +0.3% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €199,371 | €172,035 | -€27,336 | -13.7% |
| Amounts receivable after more than one year | 29 | €57,500 | - | -€57,500 | |
| Other amounts receivable | 291 | €57,500 | - | -€57,500 | |
| Amounts receivable within one year | 40/41 | €26,263 | €34,366 | +€8,103 | +30.9% |
| Trade receivables | 40 | €16,289 | €34,366 | +€18,077 | +111.0% |
| Other amounts receivable | 41 | €9,974 | - | -€9,974 | |
| Current investments | 50/53 | €27,849 | €27,849 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €87,759 | €109,819 | +€22,060 | +25.1% |
| Total equity and liabilities | 10/49 | €255,039 | €226,734 | -€28,305 | -11.1% |
| Equity | 10/15 | €193,690 | €174,612 | -€19,078 | -9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €187,490 | €168,412 | -€19,078 | -10.2% |
| Distributable reserves | 133 | €187,490 | €168,412 | -€19,078 | -10.2% |
| Amounts payable | 17/49 | €61,349 | €52,122 | -€9,227 | -15.0% |
| Amounts payable after more than one year | 17 | €35,776 | €25,546 | -€10,231 | -28.6% |
| Financial debts | 170/4 | €35,776 | €25,546 | -€10,231 | -28.6% |
| Amounts payable within one year | 42/48 | €25,573 | €26,576 | +€1,004 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €9,825 | €10,231 | +€406 | +4.1% |
| Trade debts | 44 | €888 | - | -€888 | |
| Suppliers | 440/4 | €888 | - | -€888 | |
| Taxes, remuneration and social security | 45 | €14,436 | €14,016 | -€420 | -2.9% |
| Taxes | 450/3 | €14,436 | €14,016 | -€420 | -2.9% |
| Other amounts payable | 47/48 | €424 | €2,330 | +€1,906 | +449.3% |
| Non-recurring operating income | 76A | €8,000 | - | -€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,820 | €17,208 | +€9,388 | +120.0% |
| Other operating charges | 640/8 | €840 | €173 | -€667 | -79.4% |
| Gross operating margin | 9900 | €40,501 | €90,912 | +€50,411 | +124.5% |
| Operating profit (loss) | 9901 | €31,840 | €73,530 | +€41,690 | +130.9% |
| Financial income | 75/76B | €4,601 | €5,623 | +€1,022 | +22.2% |
| Recurring financial income | 75 | €4,601 | €5,623 | +€1,022 | +22.2% |
| Financial charges | 65/66B | €1,006 | €1,778 | +€772 | +76.7% |
| Recurring financial charges | 65 | €1,006 | €1,778 | +€772 | +76.7% |
| Profit (loss) for the period before taxes | 9903 | €35,435 | €77,376 | +€41,940 | +118.4% |
| Income taxes | 67/77 | €10,973 | €21,444 | +€10,471 | +95.4% |
| Profit (loss) for the period | 9904 | €24,463 | €55,932 | +€31,469 | +128.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,463 | €55,932 | +€31,469 | +128.6% |
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.