DR. KIMPE BART: 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.
What changed
DR. KIMPE BART
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€411,404
2024 · €397,592+€13,812
Equity
€3.6m
2024 · €3.5m+€50,083
Cash
€338,972
2024 · €318,862+€20,110
Balance sheet total
€3.7m
2024 · €3.6m+€90,299
Largest movements
Assets
- Current investments +€68,959
up €68,959 (+2.9%), from €2.4m to €2.4m
Equity and liabilities
- Reserves +€50,083
up €50,083 (+1.4%), from €3.5m to €3.6m
of which Distributable reserves: +€50,083
Income statement
- Financial income +€18,190
up €18,190 (+71.9%), from €25,290 to €43,480
of which Financial income: +€18,590
- Taxes +€6,278
up €6,278 (+3.5%), from €179,522 to €185,800
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.
Result 2024
€397,592
Gross operating margin
+€4,697
Depreciation
+€801
Other operating charges
-€2,867
Financial income
+€18,190
Financial charges
-€732
Taxes
-€6,278
Result 2025
€411,404
raises the resultlowers the result
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.
From operations
+€473,164
Investment
-€91,733
Financing
-€361,321
Cash 2024
€318,862
From operations (derived)
+€473,164
Net result for the year
+€411,404
Depreciation
+€33,543
Receivables within one year
+€4,005
Deferred charges and accrued income
-€16,005
Trade debts
+€596
Tax, wage and social debts
+€3,191
Other debts
+€18,380
Accrued charges and deferred income
+€18,050
Investment (derived)
-€91,733
Investment in fixed assets (net)
-€22,774
Current investments
-€68,959
Financing
-€361,321
Contributions, distributions and other
-€361,321
Cash 2025
€338,972
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,583,081 | €3,673,380 | +€90,299 | +2.5% |
| Fixed assets | 21/28 | €660,040 | €649,271 | -€10,769 | -1.6% |
| Tangible fixed assets | 22/27 | €510,040 | €499,271 | -€10,769 | -2.1% |
| Land and buildings | 22 | €467,945 | €466,291 | -€1,654 | -0.4% |
| Plant, machinery and equipment | 23 | €5,278 | €5,057 | -€221 | -4.2% |
| Furniture and vehicles | 24 | €36,817 | €27,923 | -€8,895 | -24.2% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €2,923,040 | €3,024,109 | +€101,068 | +3.5% |
| Amounts receivable within one year | 40/41 | €25,438 | €21,433 | -€4,005 | -15.7% |
| Trade receivables | 40 | €17,539 | €16,247 | -€1,292 | -7.4% |
| Other amounts receivable | 41 | €7,899 | €5,186 | -€2,713 | -34.3% |
| Current investments | 50/53 | €2,363,336 | €2,432,294 | +€68,959 | +2.9% |
| Cash at bank and in hand | 54/58 | €318,862 | €338,972 | +€20,110 | +6.3% |
| Deferred charges and accrued income | 490/1 | €215,404 | €231,409 | +€16,005 | +7.4% |
| Total equity and liabilities | 10/49 | €3,583,081 | €3,673,380 | +€90,299 | +2.5% |
| Equity | 10/15 | €3,543,454 | €3,593,537 | +€50,083 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,519,788 | €3,569,870 | +€50,083 | +1.4% |
| Tax-exempt reserves | 132 | €1,116 | €1,116 | = | 0.0% |
| Distributable reserves | 133 | €3,518,671 | €3,568,754 | +€50,083 | +1.4% |
| Profit (loss) carried forward | 14 | €5,067 | €5,067 | = | 0.0% |
| Amounts payable | 17/49 | €39,626 | €79,843 | +€40,216 | +101% |
| Amounts payable within one year | 42/48 | €27,911 | €50,077 | +€22,166 | +79.4% |
| Trade debts | 44 | €303 | €898 | +€596 | +197% |
| Suppliers | 440/4 | €303 | €898 | +€596 | +197% |
| Taxes, remuneration and social security | 45 | €559 | €3,750 | +€3,191 | +571% |
| Taxes | 450/3 | €559 | €751 | +€192 | +34.4% |
| Remuneration and social security | 454/9 | - | €2,999 | +€2,999 | |
| Other amounts payable | 47/48 | €27,049 | €45,429 | +€18,380 | +67.9% |
| Accrued charges and deferred income | 492/3 | €11,716 | €29,766 | +€18,050 | +154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,344 | €33,543 | -€801 | -2.3% |
| Other operating charges | 640/8 | €1,605 | €4,472 | +€2,867 | +179% |
| Gross operating margin | 9900 | €589,621 | €594,319 | +€4,697 | +0.8% |
| Operating profit (loss) | 9901 | €553,672 | €556,303 | +€2,631 | +0.5% |
| Financial income | 75/76B | €25,290 | €43,480 | +€18,190 | +71.9% |
| Recurring financial income | 75 | €24,890 | €43,480 | +€18,590 | +74.7% |
| Non-recurring financial income | 76B | €400 | €0 | -€400 | -100% |
| Financial charges | 65/66B | €1,848 | €2,580 | +€732 | +39.6% |
| Recurring financial charges | 65 | €1,848 | €2,580 | +€732 | +39.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €577,114 | €597,204 | +€20,089 | +3.5% |
| Income taxes | 67/77 | €179,522 | €185,800 | +€6,278 | +3.5% |
| Profit (loss) for the period | 9904 | €397,592 | €411,404 | +€13,812 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €397,592 | €411,404 | +€13,812 | +3.5% |
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 13 October 2026 via checked.be.