KYOKAN: 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.
KYOKAN
Largest movements
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Receivables within one year -€157,746
down €157,746 (-92.9%), from €169,845 to €12,099
of which Other amounts receivable: -€155,395
- Cash +€65,264
up €65,264 (+18.0%), from €362,877 to €428,140
mainly Net result for the year (+€342,322) and Current investments (+€250,000)
- Other debts -€265,600
down €265,600 (-38.2%), from €695,121 to €429,521
- Tax, wage and social debts -€73,984
down €73,984 (-75.2%), from €98,395 to €24,411
- Gross operating margin +€106,643
up €106,643 (+31.2%), from €342,303 to €448,946
- Taxes +€13,008
up €13,008 (+15.1%), from €85,894 to €98,902
- Financial income -€7,033
down €7,033 (-66.4%), from €10,587 to €3,554
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 | €803,098 | €459,481 | -€343,617 | -42.8% |
| Fixed assets | 21/28 | €20,376 | €19,242 | -€1,135 | -5.6% |
| Tangible fixed assets | 22/27 | €20,376 | €19,242 | -€1,135 | -5.6% |
| Plant, machinery and equipment | 23 | €338 | €2,373 | +€2,035 | +602% |
| Furniture and vehicles | 24 | €4,667 | €2,880 | -€1,787 | -38.3% |
| Other tangible fixed assets | 26 | €15,371 | €13,988 | -€1,383 | -9.0% |
| Current assets | 29/58 | €782,722 | €440,239 | -€342,483 | -43.8% |
| Amounts receivable within one year | 40/41 | €169,845 | €12,099 | -€157,746 | -92.9% |
| Trade receivables | 40 | €6,769 | €4,419 | -€2,351 | -34.7% |
| Other amounts receivable | 41 | €163,076 | €7,681 | -€155,395 | -95.3% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €362,877 | €428,140 | +€65,264 | +18.0% |
| Total equity and liabilities | 10/49 | €803,098 | €459,481 | -€343,617 | -42.8% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €802,098 | €458,481 | -€343,617 | -42.8% |
| Amounts payable within one year | 42/48 | €800,624 | €458,481 | -€342,143 | -42.7% |
| Trade debts | 44 | €7,108 | €4,028 | -€3,080 | -43.3% |
| Suppliers | 440/4 | €7,108 | €4,028 | -€3,080 | -43.3% |
| Advances received on contracts in progress | 46 | - | €521 | +€521 | |
| Taxes, remuneration and social security | 45 | €98,395 | €24,411 | -€73,984 | -75.2% |
| Taxes | 450/3 | €98,395 | €24,411 | -€73,984 | -75.2% |
| Other amounts payable | 47/48 | €695,121 | €429,521 | -€265,600 | -38.2% |
| Accrued charges and deferred income | 492/3 | €1,475 | €0 | -€1,475 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,518 | €5,483 | +€1,966 | +55.9% |
| Other operating charges | 640/8 | €189 | €1,256 | +€1,067 | +563% |
| Gross operating margin | 9900 | €342,303 | €448,946 | +€106,643 | +31.2% |
| Operating profit (loss) | 9901 | €338,596 | €442,206 | +€103,611 | +30.6% |
| Financial income | 75/76B | €10,587 | €3,554 | -€7,033 | -66.4% |
| Recurring financial income | 75 | €10,587 | €3,554 | -€7,033 | -66.4% |
| Financial charges | 65/66B | €688 | €4,536 | +€3,848 | +559% |
| Recurring financial charges | 65 | €688 | €4,536 | +€3,848 | +559% |
| Profit (loss) for the period before taxes | 9903 | €348,495 | €441,224 | +€92,729 | +26.6% |
| Income taxes | 67/77 | €85,894 | €98,902 | +€13,008 | +15.1% |
| Profit (loss) for the period | 9904 | €262,601 | €342,322 | +€79,721 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €262,601 | €342,322 | +€79,721 | +30.4% |
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 18 October 2026 via checked.be.