KyKeH: 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.
KyKeH
Largest movements
- Cash +€68,988
up €68,988 (+839%), from €8,222 to €77,211
mainly Net result for the year (+€95,685) and Depreciation (+€7,634)
- Receivables within one year +€48,699
up €48,699 (+69.7%), from €69,827 to €118,525
of which Other amounts receivable: +€39,480
- Financial fixed assets -€9,863
no longer reported in 2025 (was €9,863)
- Reserves +€95,685
up €95,685 (+102%), from €93,463 to €189,148
of which Distributable reserves: +€95,685
- Tax, wage and social debts +€6,376
up €6,376 (+43.4%), from €14,699 to €21,076
- Debts after one year +€4,083
new in 2025: €4,083
- Current portion of long-term debt +€3,657
new in 2025: €3,657
- Trade debts -€3,179
down €3,179 (-19.6%), from €16,203 to €13,023
- Financial income +€87,181
up €87,181 (+2,699%), from €3,231 to €90,412
- Gross operating margin -€6,565
down €6,565 (-17.5%), from €37,483 to €30,918
- Taxes +€5,951
up €5,951 (+54.7%), from €10,879 to €16,830
- Depreciation +€3,431
up €3,431 (+81.6%), from €4,203 to €7,634
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 | €138,231 | €244,853 | +€106,622 | +77.1% |
| Fixed assets | 21/28 | €32,328 | €23,117 | -€9,211 | -28.5% |
| Tangible fixed assets | 22/27 | €22,465 | €23,117 | +€652 | +2.9% |
| Land and buildings | 22 | €1,886 | - | -€1,886 | |
| Plant, machinery and equipment | 23 | €16,682 | €13,064 | -€3,618 | -21.7% |
| Furniture and vehicles | 24 | €3,896 | €10,053 | +€6,156 | +158% |
| Financial fixed assets | 28 | €9,863 | - | -€9,863 | |
| Current assets | 29/58 | €105,903 | €221,736 | +€115,833 | +109% |
| Amounts receivable after more than one year | 29 | €26,000 | €26,000 | = | 0.0% |
| Other amounts receivable | 291 | €26,000 | €26,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,827 | €118,525 | +€48,699 | +69.7% |
| Trade receivables | 40 | €9,415 | €18,634 | +€9,219 | +97.9% |
| Other amounts receivable | 41 | €60,411 | €99,891 | +€39,480 | +65.4% |
| Cash at bank and in hand | 54/58 | €8,222 | €77,211 | +€68,988 | +839% |
| Deferred charges and accrued income | 490/1 | €1,854 | - | -€1,854 | |
| Total equity and liabilities | 10/49 | €138,231 | €244,853 | +€106,622 | +77.1% |
| Equity | 10/15 | €107,329 | €203,014 | +€95,685 | +89.2% |
| Contributions | 10/11 | €13,500 | €13,500 | = | 0.0% |
| Reserves | 13 | €93,463 | €189,148 | +€95,685 | +102% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €91,603 | €187,288 | +€95,685 | +104% |
| Profit (loss) carried forward | 14 | €366 | €366 | = | 0.0% |
| Amounts payable | 17/49 | €30,902 | €41,839 | +€10,937 | +35.4% |
| Amounts payable after more than one year | 17 | - | €4,083 | +€4,083 | |
| Financial debts | 170/4 | - | €4,083 | +€4,083 | |
| Amounts payable within one year | 42/48 | €30,902 | €37,756 | +€6,854 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,657 | +€3,657 | |
| Trade debts | 44 | €16,203 | €13,023 | -€3,179 | -19.6% |
| Suppliers | 440/4 | €16,203 | €13,023 | -€3,179 | -19.6% |
| Taxes, remuneration and social security | 45 | €14,699 | €21,076 | +€6,376 | +43.4% |
| Taxes | 450/3 | €14,699 | €21,076 | +€6,376 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,203 | €7,634 | +€3,431 | +81.6% |
| Other operating charges | 640/8 | €194 | €516 | +€322 | +166% |
| Gross operating margin | 9900 | €37,483 | €30,918 | -€6,565 | -17.5% |
| Operating profit (loss) | 9901 | €33,086 | €22,768 | -€10,318 | -31.2% |
| Financial income | 75/76B | €3,231 | €90,412 | +€87,181 | +2,699% |
| Recurring financial income | 75 | €3,231 | €90,412 | +€87,181 | +2,699% |
| Financial charges | 65/66B | €406 | €665 | +€259 | +63.8% |
| Recurring financial charges | 65 | €406 | €665 | +€259 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | €35,911 | €112,515 | +€76,604 | +213% |
| Income taxes | 67/77 | €10,879 | €16,830 | +€5,951 | +54.7% |
| Profit (loss) for the period | 9904 | €25,032 | €95,685 | +€70,653 | +282% |
| Profit (loss) for the period to be appropriated | 9905 | €25,032 | €95,685 | +€70,653 | +282% |
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 29 October 2026 via checked.be.