KYTEZO: what changed
Two fiscal 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.
KYTEZO
Largest movements
- Receivables within one year +€38,525
up €38,525 (+31.0%), from €124,119 to €162,644
of which Other amounts receivable: +€38,886
- Tangible fixed assets -€26,612
down €26,612 (-12.9%), from €206,621 to €180,009
of which Furniture and vehicles: -€13,432
- Other debts +€144,128
up €144,128 (+117.3%), from €122,820 to €266,949
- Profit (loss) carried forward -€56,637
new in 2025: -€56,637
- Reserves -€43,638
down €43,638 (-77.6%), from €56,226 to €12,588
of which Distributable reserves: -€43,638
- Debts after one year -€27,416
down €27,416 (-17.0%), from €161,044 to €133,628
of which Financial debts: -€27,416
- Trade debts -€21,079
down €21,079 (-79.8%), from €26,407 to €5,328
- Gross operating margin -€16,522
down €16,522 (-32.4%), from -€51,002 to -€67,524
- Depreciation -€1,159
down €1,159 (-4.2%), from €27,771 to €26,612
- Financial charges -€874
down €874 (-18.0%), from €4,849 to €3,974
- Financial income +€721
up €721 (+51.6%), from €1,397 to €2,118
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 | €412,555 | €425,114 | +€12,559 | +3.0% |
| Fixed assets | 21/28 | €206,621 | €180,009 | -€26,612 | -12.9% |
| Tangible fixed assets | 22/27 | €206,621 | €180,009 | -€26,612 | -12.9% |
| Land and buildings | 22 | €131,519 | €121,736 | -€9,783 | -7.4% |
| Plant, machinery and equipment | 23 | €28,057 | €24,660 | -€3,397 | -12.1% |
| Furniture and vehicles | 24 | €47,045 | €33,613 | -€13,432 | -28.6% |
| Current assets | 29/58 | €205,934 | €245,105 | +€39,171 | +19.0% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €124,119 | €162,644 | +€38,525 | +31.0% |
| Trade receivables | 40 | €11,523 | €11,163 | -€360 | -3.1% |
| Other amounts receivable | 41 | €112,595 | €151,481 | +€38,886 | +34.5% |
| Cash at bank and in hand | 54/58 | €67 | €694 | +€626 | +928.4% |
| Deferred charges and accrued income | 490/1 | €11,748 | €11,767 | +€19 | +0.2% |
| Total equity and liabilities | 10/49 | €412,555 | €425,114 | +€12,559 | +3.0% |
| Equity | 10/15 | €74,826 | -€25,449 | -€100,275 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,226 | €12,588 | -€43,638 | -77.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,728 | €10,728 | = | 0.0% |
| Distributable reserves | 133 | €43,638 | €0 | -€43,638 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€56,637 | -€56,637 | |
| Amounts payable | 17/49 | €337,729 | €450,563 | +€112,834 | +33.4% |
| Amounts payable after more than one year | 17 | €161,044 | €133,628 | -€27,416 | -17.0% |
| Financial debts | 170/4 | €131,044 | €103,628 | -€27,416 | -20.9% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €176,686 | €316,822 | +€140,136 | +79.3% |
| Current portion of amounts payable after more than one year | 42 | €26,510 | €28,673 | +€2,163 | +8.2% |
| Trade debts | 44 | €26,407 | €5,328 | -€21,079 | -79.8% |
| Suppliers | 440/4 | €26,407 | €5,328 | -€21,079 | -79.8% |
| Taxes, remuneration and social security | 45 | €948 | €15,872 | +€14,924 | +1574.6% |
| Taxes | 450/3 | €948 | €1,072 | +€124 | +13.1% |
| Remuneration and social security | 454/9 | - | €14,800 | +€14,800 | |
| Other amounts payable | 47/48 | €122,820 | €266,949 | +€144,128 | +117.3% |
| Accrued charges and deferred income | 492/3 | - | €113 | +€113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,771 | €26,612 | -€1,159 | -4.2% |
| Other operating charges | 640/8 | €3,601 | €3,711 | +€110 | +3.1% |
| Gross operating margin | 9900 | -€51,002 | -€67,524 | -€16,522 | -32.4% |
| Operating profit (loss) | 9901 | -€82,374 | -€97,847 | -€15,473 | -18.8% |
| Financial income | 75/76B | €1,397 | €2,118 | +€721 | +51.6% |
| Recurring financial income | 75 | €1,397 | €2,118 | +€721 | +51.6% |
| Financial charges | 65/66B | €4,849 | €3,974 | -€874 | -18.0% |
| Recurring financial charges | 65 | €4,849 | €3,974 | -€874 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€85,825 | -€99,703 | -€13,878 | -16.2% |
| Income taxes | 67/77 | €496 | €572 | +€76 | +15.3% |
| Profit (loss) for the period | 9904 | -€86,321 | -€100,275 | -€13,954 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,321 | -€100,275 | -€13,954 | -16.2% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.