KYLD: 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.
KYLD
Largest movements
- Financial fixed assets -€2.0m
down €2.0m (-33.4%), from €5.9m to €3.9m
- Receivables after one year +€933,524
up €933,524 (+54.9%), from €1.7m to €2.6m
- Current investments +€625,961
up €625,961 (+24.6%), from €2.5m to €3.2m
- Receivables within one year -€357,757
down €357,757 (-45.4%), from €787,951 to €430,194
of which Other amounts receivable: -€444,112
- Cash -€182,369
down €182,369 (-71.8%), from €253,877 to €71,509
mainly Net result for the year (-€2.3m) and Receivables after one year (-€933,524)
- Reserves -€2.3m
down €2.3m (-27.4%), from €8.3m to €6.0m
- Other debts +€1.7m
up €1.7m (+7,756%), from €21,282 to €1.7m
- Debts after one year -€417,647
down €417,647 (-16.5%), from €2.5m to €2.1m
- Financial income -€3.0m
down €3.0m (-97.0%), from €3.1m to €92,878
- Financial charges +€2.0m
up €2.0m (+271%), from €739,347 to €2.7m
of which Non-recurring financial charges: +€1.9m
- Gross operating margin +€243,814
up €243,814 (+52.2%), from €467,139 to €710,954
- Taxes +€38,330
up €38,330 (+57.1%), from €67,108 to €105,437
- Staff costs +€20,174
up €20,174 (+14.6%), from €138,195 to €158,369
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 | €11,484,760 | €10,473,171 | -€1.0m | -8.8% |
| Fixed assets | 21/28 | €6,196,310 | €4,165,381 | -€2.0m | -32.8% |
| Tangible fixed assets | 22/27 | €281,015 | €224,769 | -€56,246 | -20.0% |
| Land and buildings | 22 | €149,944 | €133,720 | -€16,224 | -10.8% |
| Plant, machinery and equipment | 23 | €829 | €460 | -€370 | -44.6% |
| Furniture and vehicles | 24 | €109,478 | €69,826 | -€39,652 | -36.2% |
| Other tangible fixed assets | 26 | €20,763 | €20,763 | = | 0.0% |
| Financial fixed assets | 28 | €5,915,295 | €3,940,612 | -€2.0m | -33.4% |
| Current assets | 29/58 | €5,288,450 | €6,307,790 | +€1.0m | +19.3% |
| Amounts receivable after more than one year | 29 | €1,700,000 | €2,633,524 | +€933,524 | +54.9% |
| Other amounts receivable | 291 | €1,700,000 | €2,633,524 | +€933,524 | +54.9% |
| Amounts receivable within one year | 40/41 | €787,951 | €430,194 | -€357,757 | -45.4% |
| Trade receivables | 40 | €205,458 | €291,813 | +€86,355 | +42.0% |
| Other amounts receivable | 41 | €582,493 | €138,381 | -€444,112 | -76.2% |
| Current investments | 50/53 | €2,540,788 | €3,166,749 | +€625,961 | +24.6% |
| Cash at bank and in hand | 54/58 | €253,877 | €71,509 | -€182,369 | -71.8% |
| Deferred charges and accrued income | 490/1 | €5,833 | €5,814 | -€20 | -0.3% |
| Total equity and liabilities | 10/49 | €11,484,760 | €10,473,171 | -€1.0m | -8.8% |
| Equity | 10/15 | €8,439,572 | €6,168,504 | -€2.3m | -26.9% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €8,299,572 | €6,028,504 | -€2.3m | -27.4% |
| Distributable reserves | 133 | €8,299,572 | €6,028,504 | -€2.3m | -27.4% |
| Amounts payable | 17/49 | €3,045,188 | €4,304,667 | +€1.3m | +41.4% |
| Amounts payable after more than one year | 17 | €2,533,100 | €2,115,452 | -€417,647 | -16.5% |
| Financial debts | 170/4 | €2,533,100 | €2,115,452 | -€417,647 | -16.5% |
| Amounts payable within one year | 42/48 | €504,999 | €2,180,985 | +€1.7m | +332% |
| Current portion of amounts payable after more than one year | 42 | €403,109 | €417,647 | +€14,539 | +3.6% |
| Trade debts | 44 | €14,891 | €17,699 | +€2,808 | +18.9% |
| Suppliers | 440/4 | €14,891 | €17,699 | +€2,808 | +18.9% |
| Taxes, remuneration and social security | 45 | €65,717 | €73,610 | +€7,893 | +12.0% |
| Taxes | 450/3 | €36,067 | €56,864 | +€20,798 | +57.7% |
| Remuneration and social security | 454/9 | €29,651 | €16,746 | -€12,905 | -43.5% |
| Other amounts payable | 47/48 | €21,282 | €1,672,028 | +€1.7m | +7,756% |
| Accrued charges and deferred income | 492/3 | €7,089 | €8,230 | +€1,141 | +16.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €138,195 | €158,369 | +€20,174 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,928 | €57,663 | +€735 | +1.3% |
| Other operating charges | 640/8 | €7,141 | €11,298 | +€4,158 | +58.2% |
| Gross operating margin | 9900 | €467,139 | €710,954 | +€243,814 | +52.2% |
| Operating profit (loss) | 9901 | €264,875 | €483,624 | +€218,748 | +82.6% |
| Financial income | 75/76B | €3,083,799 | €92,878 | -€3.0m | -97.0% |
| Recurring financial income | 75 | €3,083,799 | €92,878 | -€3.0m | -97.0% |
| Financial charges | 65/66B | €739,347 | €2,742,132 | +€2.0m | +271% |
| Recurring financial charges | 65 | €47,308 | €129,446 | +€82,137 | +174% |
| Non-recurring financial charges | 66B | €692,039 | €2,612,686 | +€1.9m | +278% |
| Profit (loss) for the period before taxes | 9903 | €2,609,327 | -€2,165,630 | -€4.8m | |
| Income taxes | 67/77 | €67,108 | €105,437 | +€38,330 | +57.1% |
| Profit (loss) for the period | 9904 | €2,542,219 | -€2,271,068 | -€4.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,542,219 | -€2,271,068 | -€4.8m |
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 14 October 2026 via checked.be.