CORNELIS KIP: 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.
CORNELIS KIP
Largest movements
- Current investments +€56,998
up €56,998 (+19.2%), from €297,387 to €354,384
- Cash +€35,767
up €35,767 (+13.9%), from €257,683 to €293,450
mainly Other debts (+€425,030) and Net result for the year (+€424,576)
- Tangible fixed assets +€11,868
up €11,868 (+4.2%), from €283,602 to €295,469
of which Plant, machinery and equipment: +€40,439
- Other debts +€425,030
up €425,030 (+1,063%), from €40,000 to €465,030
- Reserves -€298,424
down €298,424 (-39.9%), from €747,570 to €449,146
- Debts after one year -€22,752
no longer reported in 2025 (was €22,752)
- Trade debts +€14,515
up €14,515 (+214%), from €6,771 to €21,285
- Current portion of long-term debt -€11,035
down €11,035 (-32.7%), from €33,787 to €22,752
- Gross operating margin +€89,367
up €89,367 (+9.3%), from €957,920 to €1.0m
- Staff costs +€43,636
up €43,636 (+12.7%), from €343,301 to €386,938
- Depreciation -€33,100
down €33,100 (-31.1%), from €106,545 to €73,444
- Other operating charges +€20,873
up €20,873 (+3,003%), from €695 to €21,569
- Taxes +€17,045
up €17,045 (+13.6%), from €125,152 to €142,196
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 | €961,907 | €1,067,975 | +€106,068 | +11.0% |
| Fixed assets | 21/28 | €284,547 | €295,469 | +€10,922 | +3.8% |
| Intangible fixed assets | 21 | €946 | - | -€946 | |
| Tangible fixed assets | 22/27 | €283,602 | €295,469 | +€11,868 | +4.2% |
| Plant, machinery and equipment | 23 | €92,697 | €133,136 | +€40,439 | +43.6% |
| Furniture and vehicles | 24 | €190,904 | €162,333 | -€28,571 | -15.0% |
| Current assets | 29/58 | €677,359 | €772,506 | +€95,146 | +14.0% |
| Stocks and contracts in progress | 3 | €50,199 | €45,055 | -€5,144 | -10.2% |
| Stocks | 30/36 | €50,199 | €45,055 | -€5,144 | -10.2% |
| Amounts receivable within one year | 40/41 | €46,279 | €49,769 | +€3,491 | +7.5% |
| Trade receivables | 40 | €26,190 | €29,681 | +€3,491 | +13.3% |
| Other amounts receivable | 41 | €20,088 | €20,088 | = | 0.0% |
| Current investments | 50/53 | €297,387 | €354,384 | +€56,998 | +19.2% |
| Cash at bank and in hand | 54/58 | €257,683 | €293,450 | +€35,767 | +13.9% |
| Deferred charges and accrued income | 490/1 | €25,811 | €29,847 | +€4,036 | +15.6% |
| Total equity and liabilities | 10/49 | €961,907 | €1,067,975 | +€106,068 | +11.0% |
| Equity | 10/15 | €767,570 | €469,146 | -€298,424 | -38.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €747,570 | €449,146 | -€298,424 | -39.9% |
| Distributable reserves | 133 | €747,570 | €449,146 | -€298,424 | -39.9% |
| Amounts payable | 17/49 | €194,337 | €598,829 | +€404,492 | +208% |
| Amounts payable after more than one year | 17 | €22,752 | - | -€22,752 | |
| Financial debts | 170/4 | €22,752 | - | -€22,752 | |
| Amounts payable within one year | 42/48 | €171,585 | €598,829 | +€427,244 | +249% |
| Current portion of amounts payable after more than one year | 42 | €33,787 | €22,752 | -€11,035 | -32.7% |
| Trade debts | 44 | €6,771 | €21,285 | +€14,515 | +214% |
| Suppliers | 440/4 | €6,771 | €21,285 | +€14,515 | +214% |
| Taxes, remuneration and social security | 45 | €91,027 | €89,762 | -€1,265 | -1.4% |
| Taxes | 450/3 | €7,363 | €30,027 | +€22,665 | +308% |
| Remuneration and social security | 454/9 | €83,665 | €59,735 | -€23,930 | -28.6% |
| Other amounts payable | 47/48 | €40,000 | €465,030 | +€425,030 | +1,063% |
| Remuneration, social security and pensions | 62 | €343,301 | €386,938 | +€43,636 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,545 | €73,444 | -€33,100 | -31.1% |
| Other operating charges | 640/8 | €695 | €21,569 | +€20,873 | +3,003% |
| Gross operating margin | 9900 | €957,920 | €1,047,287 | +€89,367 | +9.3% |
| Operating profit (loss) | 9901 | €507,379 | €565,337 | +€57,957 | +11.4% |
| Financial income | 75/76B | €11,399 | €1,943 | -€9,456 | -83.0% |
| Recurring financial income | 75 | €11,399 | €1,943 | -€9,456 | -83.0% |
| Financial charges | 65/66B | €905 | €507 | -€398 | -44.0% |
| Recurring financial charges | 65 | €905 | €507 | -€398 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €517,873 | €566,772 | +€48,900 | +9.4% |
| Income taxes | 67/77 | €125,152 | €142,196 | +€17,045 | +13.6% |
| Profit (loss) for the period | 9904 | €392,721 | €424,576 | +€31,855 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €392,721 | €424,576 | +€31,855 | +8.1% |
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 26 October 2026 via checked.be.