DE KIPPEKONING: 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.
DE KIPPEKONING
Largest movements
- Receivables within one year -€645,462
down €645,462 (-64.4%), from €1.0m to €356,264
of which Other amounts receivable: -€542,129
- Receivables after one year +€599,713
new in 2025: €599,713
- Cash -€22,069
down €22,069 (-41.1%), from €53,719 to €31,649
mainly Receivables after one year (-€599,713) and Trade debts (-€58,822)
- Reserves +€65,600
up €65,600 (+12.9%), from €509,287 to €574,887
of which Distributable reserves: +€65,600
- Trade debts -€58,822
down €58,822 (-26.7%), from €220,610 to €161,788
- Other debts -€57,991
down €57,991 (-65.5%), from €88,473 to €30,481
- Tax, wage and social debts +€27,143
up €27,143 (+49.8%), from €54,544 to €81,687
of which Taxes: +€22,290
- Debts after one year -€23,333
down €23,333 (-50.0%), from €46,666 to €23,333
- Gross operating margin -€40,594
down €40,594 (-16.8%), from €240,983 to €200,390
- Staff costs +€26,003
up €26,003 (+38.8%), from €66,999 to €93,002
- Taxes -€15,834
down €15,834 (-39.4%), from €40,220 to €24,385
- Financial income +€12,710
up €12,710 (+628.0%), from €2,024 to €14,734
- Depreciation +€4,671
up €4,671 (+50.1%), from €9,332 to €14,003
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 | €1,101,983 | €1,032,913 | -€69,070 | -6.3% |
| Fixed assets | 21/28 | €39,507 | €32,433 | -€7,073 | -17.9% |
| Intangible fixed assets | 21 | €200 | €100 | -€100 | -50.0% |
| Tangible fixed assets | 22/27 | €39,307 | €32,333 | -€6,973 | -17.7% |
| Plant, machinery and equipment | 23 | €2,764 | €5,106 | +€2,342 | +84.7% |
| Furniture and vehicles | 24 | €35,930 | €25,530 | -€10,400 | -28.9% |
| Other tangible fixed assets | 26 | €612 | €1,697 | +€1,085 | +177.2% |
| Current assets | 29/58 | €1,062,476 | €1,000,479 | -€61,997 | -5.8% |
| Amounts receivable after more than one year | 29 | - | €599,713 | +€599,713 | |
| Other amounts receivable | 291 | - | €599,713 | +€599,713 | |
| Stocks and contracts in progress | 3 | €4,811 | €10,660 | +€5,849 | +121.6% |
| Stocks | 30/36 | €4,811 | €10,660 | +€5,849 | +121.6% |
| Amounts receivable within one year | 40/41 | €1,001,725 | €356,264 | -€645,462 | -64.4% |
| Trade receivables | 40 | €156,337 | €53,004 | -€103,333 | -66.1% |
| Other amounts receivable | 41 | €845,388 | €303,259 | -€542,129 | -64.1% |
| Current investments | 50/53 | €144 | €145 | +€1 | +0.5% |
| Cash at bank and in hand | 54/58 | €53,719 | €31,649 | -€22,069 | -41.1% |
| Deferred charges and accrued income | 490/1 | €2,077 | €2,048 | -€29 | -1.4% |
| Total equity and liabilities | 10/49 | €1,101,983 | €1,032,913 | -€69,070 | -6.3% |
| Equity | 10/15 | €521,690 | €587,290 | +€65,600 | +12.6% |
| Contributions | 10/11 | €12,403 | €12,403 | = | 0.0% |
| Reserves | 13 | €509,287 | €574,887 | +€65,600 | +12.9% |
| 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 | €507,427 | €573,027 | +€65,600 | +12.9% |
| Amounts payable | 17/49 | €580,293 | €445,623 | -€134,670 | -23.2% |
| Amounts payable after more than one year | 17 | €46,666 | €23,333 | -€23,333 | -50.0% |
| Financial debts | 170/4 | €46,666 | €23,333 | -€23,333 | -50.0% |
| Amounts payable within one year | 42/48 | €533,627 | €422,290 | -€111,337 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €45,000 | €23,333 | -€21,667 | -48.1% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €220,610 | €161,788 | -€58,822 | -26.7% |
| Suppliers | 440/4 | €220,610 | €161,788 | -€58,822 | -26.7% |
| Taxes, remuneration and social security | 45 | €54,544 | €81,687 | +€27,143 | +49.8% |
| Taxes | 450/3 | €44,182 | €66,471 | +€22,290 | +50.5% |
| Remuneration and social security | 454/9 | €10,363 | €15,216 | +€4,853 | +46.8% |
| Other amounts payable | 47/48 | €88,473 | €30,481 | -€57,991 | -65.5% |
| Remuneration, social security and pensions | 62 | €66,999 | €93,002 | +€26,003 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,332 | €14,003 | +€4,671 | +50.1% |
| Other operating charges | 640/8 | €2,006 | €4,786 | +€2,780 | +138.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €240,983 | €200,390 | -€40,594 | -16.8% |
| Operating profit (loss) | 9901 | €162,647 | €88,599 | -€74,048 | -45.5% |
| Financial income | 75/76B | €2,024 | €14,734 | +€12,710 | +628.0% |
| Recurring financial income | 75 | €2,024 | €14,734 | +€12,710 | +628.0% |
| Financial charges | 65/66B | €13,965 | €13,348 | -€617 | -4.4% |
| Recurring financial charges | 65 | €13,965 | €13,348 | -€617 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €150,706 | €89,985 | -€60,721 | -40.3% |
| Income taxes | 67/77 | €40,220 | €24,385 | -€15,834 | -39.4% |
| Profit (loss) for the period | 9904 | €110,486 | €65,600 | -€44,886 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €110,486 | €65,600 | -€44,886 | -40.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.