LE KIKAVE: 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.
LE KIKAVE
Largest movements
- Tangible fixed assets -€14,001
down €14,001 (-5.7%), from €246,148 to €232,147
of which Land and buildings: -€8,430
- Cash -€7,025
down €7,025 (-25.1%), from €28,007 to €20,982
mainly Debts after one year (-€14,027) and Receivables within one year (-€5,551)
- Receivables within one year +€5,551
up €5,551 (+6.8%), from €81,741 to €87,292
- Debts after one year -€14,027
down €14,027 (-7.5%), from €185,807 to €171,780
- Gross operating margin -€80,843
down €80,843 (-82.1%), from €98,512 to €17,669
- Taxes -€11,352
down €11,352 (-96.0%), from €11,831 to €479
- Financial income +€4,589
new in 2025: €4,589
- Depreciation -€1,321
down €1,321 (-8.6%), from €15,315 to €13,994
- Other operating charges -€1,088
down €1,088 (-49.3%), from €2,207 to €1,120
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 | €355,896 | €340,422 | -€15,475 | -4.3% |
| Fixed assets | 21/28 | €246,148 | €232,147 | -€14,001 | -5.7% |
| Tangible fixed assets | 22/27 | €246,148 | €232,147 | -€14,001 | -5.7% |
| Land and buildings | 22 | €228,560 | €220,130 | -€8,430 | -3.7% |
| Plant, machinery and equipment | 23 | €17,258 | €12,017 | -€5,241 | -30.4% |
| Furniture and vehicles | 24 | €330 | - | -€330 | |
| Current assets | 29/58 | €109,748 | €108,274 | -€1,474 | -1.3% |
| Amounts receivable within one year | 40/41 | €81,741 | €87,292 | +€5,551 | +6.8% |
| Other amounts receivable | 41 | €81,741 | €87,292 | +€5,551 | +6.8% |
| Cash at bank and in hand | 54/58 | €28,007 | €20,982 | -€7,025 | -25.1% |
| Total equity and liabilities | 10/49 | €355,896 | €340,422 | -€15,475 | -4.3% |
| Equity | 10/15 | €141,486 | €142,800 | +€1,314 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,710 | €140,710 | = | 0.0% |
| 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 | €138,850 | €138,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,824 | -€16,509 | +€1,314 | +7.4% |
| Amounts payable | 17/49 | €214,411 | €197,621 | -€16,789 | -7.8% |
| Amounts payable after more than one year | 17 | €185,807 | €171,780 | -€14,027 | -7.5% |
| Financial debts | 170/4 | €185,807 | €171,780 | -€14,027 | -7.5% |
| Amounts payable within one year | 42/48 | €28,603 | €25,841 | -€2,762 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €16,430 | €13,532 | -€2,898 | -17.6% |
| Financial debts | 43 | €342 | - | -€342 | |
| Credit institutions | 430/8 | €342 | - | -€342 | |
| Taxes, remuneration and social security | 45 | €11,831 | €12,309 | +€479 | +4.0% |
| Taxes | 450/3 | €11,831 | €12,309 | +€479 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,315 | €13,994 | -€1,321 | -8.6% |
| Other operating charges | 640/8 | €2,207 | €1,120 | -€1,088 | -49.3% |
| Gross operating margin | 9900 | €98,512 | €17,669 | -€80,843 | -82.1% |
| Operating profit (loss) | 9901 | €80,990 | €2,555 | -€78,434 | -96.8% |
| Financial income | 75/76B | - | €4,589 | +€4,589 | |
| Recurring financial income | 75 | - | €4,589 | +€4,589 | |
| Financial charges | 65/66B | €5,213 | €5,352 | +€139 | +2.7% |
| Recurring financial charges | 65 | €5,213 | €5,352 | +€139 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €75,777 | €1,793 | -€73,984 | -97.6% |
| Income taxes | 67/77 | €11,831 | €479 | -€11,352 | -96.0% |
| Profit (loss) for the period | 9904 | €63,946 | €1,314 | -€62,632 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,946 | €1,314 | -€62,632 | -97.9% |
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 25 October 2026 via checked.be.