KYGNEE: 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.
KYGNEE
Largest movements
- Current investments -€200,000
down €200,000 (-20.0%), from €1.0m to €800,000
- Cash +€194,412
up €194,412 (+482.0%), from €40,334 to €234,746
mainly Current investments (+€200,000) and Net result for the year (+€61,337)
- Tangible fixed assets -€41,619
down €41,619 (-32.3%), from €129,003 to €87,383
of which Furniture and vehicles: -€36,274
- Reserves +€61,337
up €61,337 (+6.6%), from €933,770 to €995,108
of which Distributable reserves: +€61,337
- Short-term financial debts -€37,088
no longer reported in 2025 (was €37,088)
- Tax, wage and social debts -€36,367
down €36,367 (-29.2%), from €124,341 to €87,974
of which Taxes: -€36,298
- Debts after one year -€29,461
down €29,461 (-56.3%), from €52,325 to €22,864
- Gross operating margin -€765,840
down €765,840 (-87.7%), from €873,551 to €107,710
- Taxes -€217,658
down €217,658 (-86.6%), from €251,399 to €33,740
- Staff costs -€50,045
no longer reported in 2025 (was €50,045)
- Financial income +€18,376
up €18,376 (+101.4%), from €18,121 to €36,497
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.
Cash bridge derived
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 | €1,206,941 | €1,163,593 | -€43,349 | -3.6% |
| Fixed assets | 21/28 | €135,003 | €93,383 | -€41,619 | -30.8% |
| Tangible fixed assets | 22/27 | €129,003 | €87,383 | -€41,619 | -32.3% |
| Land and buildings | 22 | €5,264 | €2,301 | -€2,963 | -56.3% |
| Plant, machinery and equipment | 23 | €6,447 | €4,065 | -€2,382 | -37.0% |
| Furniture and vehicles | 24 | €117,291 | €81,017 | -€36,274 | -30.9% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €1,071,939 | €1,070,209 | -€1,729 | -0.2% |
| Amounts receivable within one year | 40/41 | €25,129 | €26,463 | +€1,334 | +5.3% |
| Trade receivables | 40 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 41 | €129 | €1,463 | +€1,334 | +1032.1% |
| Current investments | 50/53 | €1,000,000 | €800,000 | -€200,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €40,334 | €234,746 | +€194,412 | +482.0% |
| Deferred charges and accrued income | 490/1 | €6,476 | €9,000 | +€2,525 | +39.0% |
| Total equity and liabilities | 10/49 | €1,206,941 | €1,163,593 | -€43,349 | -3.6% |
| Equity | 10/15 | €954,770 | €1,016,108 | +€61,337 | +6.4% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €933,770 | €995,108 | +€61,337 | +6.6% |
| Tax-exempt reserves | 132 | €22,707 | €22,707 | = | 0.0% |
| Distributable reserves | 133 | €911,064 | €972,401 | +€61,337 | +6.7% |
| Amounts payable | 17/49 | €252,171 | €147,485 | -€104,686 | -41.5% |
| Amounts payable after more than one year | 17 | €52,325 | €22,864 | -€29,461 | -56.3% |
| Financial debts | 170/4 | €52,325 | €22,864 | -€29,461 | -56.3% |
| Amounts payable within one year | 42/48 | €199,846 | €124,621 | -€75,225 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €28,330 | €29,461 | +€1,130 | +4.0% |
| Financial debts | 43 | €37,088 | - | -€37,088 | |
| Credit institutions | 430/8 | €37,088 | - | -€37,088 | |
| Trade debts | 44 | €3,085 | €505 | -€2,580 | -83.6% |
| Suppliers | 440/4 | €3,085 | €505 | -€2,580 | -83.6% |
| Taxes, remuneration and social security | 45 | €124,341 | €87,974 | -€36,367 | -29.2% |
| Taxes | 450/3 | €124,272 | €87,974 | -€36,298 | -29.2% |
| Remuneration and social security | 454/9 | €69 | - | -€69 | |
| Other amounts payable | 47/48 | €7,001 | €6,681 | -€320 | -4.6% |
| Non-recurring operating income | 76A | €672,269 | - | -€672,269 | |
| Remuneration, social security and pensions | 62 | €50,045 | - | -€50,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,691 | €44,794 | +€104 | +0.2% |
| Other operating charges | 640/8 | €6,330 | €1,374 | -€4,956 | -78.3% |
| Gross operating margin | 9900 | €873,551 | €107,710 | -€765,840 | -87.7% |
| Operating profit (loss) | 9901 | €772,485 | €61,542 | -€710,943 | -92.0% |
| Financial income | 75/76B | €18,121 | €36,497 | +€18,376 | +101.4% |
| Recurring financial income | 75 | €18,121 | €36,497 | +€18,376 | +101.4% |
| Financial charges | 65/66B | €5,963 | €2,961 | -€3,002 | -50.3% |
| Recurring financial charges | 65 | €5,963 | €2,961 | -€3,002 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €784,643 | €95,078 | -€689,565 | -87.9% |
| Income taxes | 67/77 | €251,399 | €33,740 | -€217,658 | -86.6% |
| Profit (loss) for the period | 9904 | €533,244 | €61,337 | -€471,907 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €533,244 | €61,337 | -€471,907 | -88.5% |
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.