KYBOS: 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.
KYBOS
Largest movements
- Receivables within one year -€44,410
down €44,410 (-58.0%), from €76,533 to €32,124
of which Other amounts receivable: -€45,510
- Cash -€20,179
down €20,179 (-35.5%), from €56,873 to €36,694
mainly Other debts (-€58,154) and Investment in fixed assets (net) (-€28,740)
- Current investments +€18,330
up €18,330 (+39.3%), from €46,598 to €64,928
- Tangible fixed assets +€12,988
up €12,988 (+22.7%), from €57,330 to €70,318
of which Other tangible fixed assets: +€17,948
- Deferred charges and accrued income -€3,112
down €3,112 (-56.4%), from €5,519 to €2,407
- Other debts -€58,154
down €58,154 (-96.9%), from €60,000 to €1,846
- Reserves +€37,000
up €37,000 (+32.3%), from €114,573 to €151,573
- Debts after one year -€8,686
down €8,686 (-25.8%), from €33,654 to €24,968
- Trade debts -€2,964
down €2,964 (-39.7%), from €7,464 to €4,500
- Tax, wage and social debts -€2,861
down €2,861 (-24.9%), from €11,474 to €8,612
- Gross operating margin -€22,162
down €22,162 (-26.1%), from €85,072 to €62,910
- Taxes -€6,757
down €6,757 (-42.5%), from €15,907 to €9,150
- Depreciation +€6,671
up €6,671 (+73.5%), from €9,081 to €15,752
- Financial charges +€1,191
up €1,191 (+117%), from €1,019 to €2,211
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 | €242,853 | €206,471 | -€36,382 | -15.0% |
| Fixed assets | 21/28 | €57,330 | €70,318 | +€12,988 | +22.7% |
| Tangible fixed assets | 22/27 | €57,330 | €70,318 | +€12,988 | +22.7% |
| Land and buildings | 22 | €700 | €350 | -€350 | -50.0% |
| Plant, machinery and equipment | 23 | €1,593 | €4,462 | +€2,869 | +180% |
| Furniture and vehicles | 24 | €55,037 | €47,558 | -€7,478 | -13.6% |
| Other tangible fixed assets | 26 | - | €17,948 | +€17,948 | |
| Current assets | 29/58 | €185,523 | €136,153 | -€49,370 | -26.6% |
| Amounts receivable within one year | 40/41 | €76,533 | €32,124 | -€44,410 | -58.0% |
| Trade receivables | 40 | €27,935 | €29,035 | +€1,100 | +3.9% |
| Other amounts receivable | 41 | €48,598 | €3,088 | -€45,510 | -93.6% |
| Current investments | 50/53 | €46,598 | €64,928 | +€18,330 | +39.3% |
| Cash at bank and in hand | 54/58 | €56,873 | €36,694 | -€20,179 | -35.5% |
| Deferred charges and accrued income | 490/1 | €5,519 | €2,407 | -€3,112 | -56.4% |
| Total equity and liabilities | 10/49 | €242,853 | €206,471 | -€36,382 | -15.0% |
| Equity | 10/15 | €116,361 | €152,830 | +€36,469 | +31.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €114,573 | €151,573 | +€37,000 | +32.3% |
| Distributable reserves | 133 | €114,573 | €151,573 | +€37,000 | +32.3% |
| Profit (loss) carried forward | 14 | €788 | €257 | -€531 | -67.4% |
| Amounts payable | 17/49 | €126,492 | €53,641 | -€72,850 | -57.6% |
| Amounts payable after more than one year | 17 | €33,654 | €24,968 | -€8,686 | -25.8% |
| Financial debts | 170/4 | €33,654 | €24,968 | -€8,686 | -25.8% |
| Amounts payable within one year | 42/48 | €91,337 | €27,687 | -€63,651 | -69.7% |
| Current portion of amounts payable after more than one year | 42 | €12,400 | €12,729 | +€329 | +2.7% |
| Trade debts | 44 | €7,464 | €4,500 | -€2,964 | -39.7% |
| Suppliers | 440/4 | €7,464 | €4,500 | -€2,964 | -39.7% |
| Taxes, remuneration and social security | 45 | €11,474 | €8,612 | -€2,861 | -24.9% |
| Taxes | 450/3 | €11,474 | €8,612 | -€2,861 | -24.9% |
| Other amounts payable | 47/48 | €60,000 | €1,846 | -€58,154 | -96.9% |
| Accrued charges and deferred income | 492/3 | €1,500 | €987 | -€513 | -34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,081 | €15,752 | +€6,671 | +73.5% |
| Other operating charges | 640/8 | €591 | €1,152 | +€561 | +95.0% |
| Gross operating margin | 9900 | €85,072 | €62,910 | -€22,162 | -26.1% |
| Operating profit (loss) | 9901 | €75,400 | €46,006 | -€29,394 | -39.0% |
| Financial income | 75/76B | €2,303 | €1,823 | -€480 | -20.8% |
| Recurring financial income | 75 | €2,303 | €1,823 | -€480 | -20.8% |
| Financial charges | 65/66B | €1,019 | €2,211 | +€1,191 | +117% |
| Recurring financial charges | 65 | €1,019 | €2,211 | +€1,191 | +117% |
| Profit (loss) for the period before taxes | 9903 | €76,683 | €45,618 | -€31,065 | -40.5% |
| Income taxes | 67/77 | €15,907 | €9,150 | -€6,757 | -42.5% |
| Profit (loss) for the period | 9904 | €60,777 | €36,469 | -€24,308 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,777 | €36,469 | -€24,308 | -40.0% |
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 28 October 2026 via checked.be.