KYOTOP: 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.
KYOTOP
Largest movements
- Cash -€572,480
down €572,480 (-69.0%), from €829,968 to €257,488
mainly Investment in fixed assets (net) (-€315,583) and Current investments (-€100,000)
- Financial fixed assets +€315,583
up €315,583 (+95.7%), from €329,680 to €645,263
- Current investments +€100,000
new in 2025: €100,000
- Receivables after one year +€49,934
up €49,934 (+391.6%), from €12,750 to €62,684
- Tax, wage and social debts -€91,190
down €91,190 (-93.4%), from €97,659 to €6,470
- Reserves -€22,000
down €22,000 (-2.0%), from €1.1m to €1.1m
of which Distributable reserves: -€22,000
- Financial charges +€64,119
up €64,119 (+4267.1%), from €1,503 to €65,622
of which Non-recurring financial charges: +€65,000
- Gross operating margin -€32,311
down €32,311 (-36.7%), from €87,947 to €55,636
- Financial income +€6,434
up €6,434 (+7236.1%), from €89 to €6,523
- Taxes -€3,674
down €3,674 (-17.9%), from €20,551 to €16,878
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 | €1,213,441 | €1,111,223 | -€102,219 | -8.4% |
| Fixed assets | 21/28 | €329,680 | €645,263 | +€315,583 | +95.7% |
| Financial fixed assets | 28 | €329,680 | €645,263 | +€315,583 | +95.7% |
| Current assets | 29/58 | €883,761 | €465,960 | -€417,801 | -47.3% |
| Amounts receivable after more than one year | 29 | €12,750 | €62,684 | +€49,934 | +391.6% |
| Other amounts receivable | 291 | €12,750 | €62,684 | +€49,934 | +391.6% |
| Amounts receivable within one year | 40/41 | €41,044 | €45,724 | +€4,680 | +11.4% |
| Trade receivables | 40 | €2,441 | - | -€2,441 | |
| Other amounts receivable | 41 | €38,603 | €45,724 | +€7,121 | +18.4% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €829,968 | €257,488 | -€572,480 | -69.0% |
| Deferred charges and accrued income | 490/1 | - | €65 | +€65 | |
| Total equity and liabilities | 10/49 | €1,213,441 | €1,111,223 | -€102,219 | -8.4% |
| Equity | 10/15 | €1,101,749 | €1,079,171 | -€22,578 | -2.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,088,260 | €1,066,260 | -€22,000 | -2.0% |
| 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 | €1,086,400 | €1,064,400 | -€22,000 | -2.0% |
| Profit (loss) carried forward | 14 | €989 | €411 | -€578 | -58.5% |
| Amounts payable | 17/49 | €111,693 | €32,052 | -€79,641 | -71.3% |
| Amounts payable within one year | 42/48 | €111,693 | €32,052 | -€79,641 | -71.3% |
| Trade debts | 44 | €2,033 | €5,458 | +€3,424 | +168.4% |
| Suppliers | 440/4 | €2,033 | €5,458 | +€3,424 | +168.4% |
| Taxes, remuneration and social security | 45 | €97,659 | €6,470 | -€91,190 | -93.4% |
| Taxes | 450/3 | €97,659 | €6,470 | -€91,190 | -93.4% |
| Other amounts payable | 47/48 | €12,000 | €20,125 | +€8,125 | +67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80 | - | -€80 | |
| Other operating charges | 640/8 | €1,809 | €2,238 | +€429 | +23.7% |
| Gross operating margin | 9900 | €87,947 | €55,636 | -€32,311 | -36.7% |
| Operating profit (loss) | 9901 | €86,058 | €53,398 | -€32,660 | -38.0% |
| Financial income | 75/76B | €89 | €6,523 | +€6,434 | +7236.1% |
| Recurring financial income | 75 | €89 | €6,523 | +€6,434 | +7236.1% |
| Financial charges | 65/66B | €1,503 | €65,622 | +€64,119 | +4267.1% |
| Recurring financial charges | 65 | €1,503 | €622 | -€881 | -58.6% |
| Non-recurring financial charges | 66B | - | €65,000 | +€65,000 | |
| Profit (loss) for the period before taxes | 9903 | €84,644 | -€5,700 | -€90,345 | |
| Income taxes | 67/77 | €20,551 | €16,878 | -€3,674 | -17.9% |
| Profit (loss) for the period | 9904 | €64,093 | -€22,578 | -€86,671 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,093 | -€22,578 | -€86,671 |
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 12 October 2026 via checked.be.