Kyoko: 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.
Kyoko
Largest movements
- Tangible fixed assets +€271,975
up €271,975 (+255%), from €106,625 to €378,600
of which Land and buildings: +€260,771
- Receivables within one year -€5,898
down €5,898 (-52.6%), from €11,207 to €5,310
of which Other amounts receivable: -€7,449
- Debts after one year +€140,529
up €140,529 (+193%), from €72,972 to €213,501
- Trade debts +€90,029
up €90,029 (+1,852%), from €4,861 to €94,890
- Current portion of long-term debt +€16,591
new in 2025: €16,591
- Tax, wage and social debts +€13,024
up €13,024 (+106%), from €12,259 to €25,284
- Profit (loss) carried forward +€11,540
up €11,540, from -€5,040 to €6,500
- Gross operating margin +€28,391
up €28,391 (+172%), from €16,474 to €44,865
- Depreciation +€6,243
up €6,243 (+45.2%), from €13,825 to €20,068
- Taxes +€5,641
new in 2025: €5,641
- Financial charges -€1,392
down €1,392 (-18.1%), from €7,689 to €6,297
of which Non-recurring financial charges: -€7,689
- Other operating charges +€1,318
new in 2025: €1,318
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 | €125,222 | €390,287 | +€265,065 | +212% |
| Formation expenses | 20 | €1,136 | €1,003 | -€133 | -11.7% |
| Fixed assets | 21/28 | €106,625 | €380,425 | +€273,799 | +257% |
| Intangible fixed assets | 21 | - | €1,824 | +€1,824 | |
| Tangible fixed assets | 22/27 | €106,625 | €378,600 | +€271,975 | +255% |
| Land and buildings | 22 | €66,970 | €327,742 | +€260,771 | +389% |
| Plant, machinery and equipment | 23 | - | €22,115 | +€22,115 | |
| Furniture and vehicles | 24 | €39,655 | €28,744 | -€10,911 | -27.5% |
| Current assets | 29/58 | €17,461 | €8,859 | -€8,601 | -49.3% |
| Amounts receivable within one year | 40/41 | €11,207 | €5,310 | -€5,898 | -52.6% |
| Trade receivables | 40 | €3,758 | €5,310 | +€1,552 | +41.3% |
| Other amounts receivable | 41 | €7,449 | €0 | -€7,449 | -100% |
| Cash at bank and in hand | 54/58 | €6,253 | €3,550 | -€2,704 | -43.2% |
| Total equity and liabilities | 10/49 | €125,222 | €390,287 | +€265,065 | +212% |
| Equity | 10/15 | €9,960 | €21,500 | +€11,540 | +116% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,040 | €6,500 | +€11,540 | |
| Amounts payable | 17/49 | €115,262 | €368,787 | +€253,525 | +220% |
| Amounts payable after more than one year | 17 | €72,972 | €213,501 | +€140,529 | +193% |
| Financial debts | 170/4 | €72,972 | €213,501 | +€140,529 | +193% |
| Amounts payable within one year | 42/48 | €42,290 | €155,286 | +€112,996 | +267% |
| Current portion of amounts payable after more than one year | 42 | - | €16,591 | +€16,591 | |
| Financial debts | 43 | €8,149 | €0 | -€8,149 | -100% |
| Other loans | 439 | €8,149 | €0 | -€8,149 | -100% |
| Trade debts | 44 | €4,861 | €94,890 | +€90,029 | +1,852% |
| Suppliers | 440/4 | €4,861 | €94,890 | +€90,029 | +1,852% |
| Taxes, remuneration and social security | 45 | €12,259 | €25,284 | +€13,024 | +106% |
| Taxes | 450/3 | €12,259 | €25,284 | +€13,024 | +106% |
| Other amounts payable | 47/48 | €17,020 | €18,522 | +€1,501 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,825 | €20,068 | +€6,243 | +45.2% |
| Other operating charges | 640/8 | - | €1,318 | +€1,318 | |
| Gross operating margin | 9900 | €16,474 | €44,865 | +€28,391 | +172% |
| Operating profit (loss) | 9901 | €2,649 | €23,478 | +€20,830 | +786% |
| Financial charges | 65/66B | €7,689 | €6,297 | -€1,392 | -18.1% |
| Recurring financial charges | 65 | €7,689 | €6,297 | -€1,392 | -18.1% |
| Non-recurring financial charges | 66B | €7,689 | €0 | -€7,689 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€5,040 | €17,182 | +€22,222 | |
| Income taxes | 67/77 | - | €5,641 | +€5,641 | |
| Profit (loss) for the period | 9904 | -€5,040 | €11,540 | +€16,580 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,040 | €11,540 | +€16,580 |
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 15 October 2026 via checked.be.