Full-Kitching: 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.
Full-Kitching
Largest movements
- Receivables within one year +€61,362
up €61,362 (+274.5%), from €22,355 to €83,717
of which Trade receivables: +€61,362
- Tangible fixed assets -€46,706
down €46,706 (-19.8%), from €236,236 to €189,530
of which Other tangible fixed assets: -€27,874
- Cash -€19,862
down €19,862 (-30.8%), from €64,404 to €44,542
mainly Debts after one year (-€67,016) and Receivables within one year (-€61,362)
- Debts after one year -€67,016
down €67,016 (-30.7%), from €218,053 to €151,037
- Profit (loss) carried forward +€33,861
up €33,861 (+34.1%), from -€99,201 to -€65,340
- Trade debts +€31,453
up €31,453 (+288.8%), from €10,892 to €42,345
- Gross operating margin -€127,897
down €127,897 (-61.5%), from €207,958 to €80,061
- Staff costs +€7,371
up €7,371, from -€488 to €6,882
- Other operating charges +€4,553
up €4,553 (+190.7%), from €2,388 to €6,941
- Depreciation -€2,400
down €2,400 (-5.5%), from €43,910 to €41,510
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 | €463,926 | €460,189 | -€3,736 | -0.8% |
| Fixed assets | 21/28 | €253,720 | €204,412 | -€49,308 | -19.4% |
| Intangible fixed assets | 21 | €17,484 | €14,882 | -€2,602 | -14.9% |
| Tangible fixed assets | 22/27 | €236,236 | €189,530 | -€46,706 | -19.8% |
| Plant, machinery and equipment | 23 | €4,830 | €3,220 | -€1,610 | -33.3% |
| Furniture and vehicles | 24 | €30,849 | €13,627 | -€17,222 | -55.8% |
| Other tangible fixed assets | 26 | €200,557 | €172,683 | -€27,874 | -13.9% |
| Current assets | 29/58 | €210,206 | €255,777 | +€45,572 | +21.7% |
| Stocks and contracts in progress | 3 | €112,596 | €116,390 | +€3,794 | +3.4% |
| Stocks | 30/36 | €112,596 | €116,390 | +€3,794 | +3.4% |
| Amounts receivable within one year | 40/41 | €22,355 | €83,717 | +€61,362 | +274.5% |
| Trade receivables | 40 | €19,440 | €80,802 | +€61,362 | +315.6% |
| Other amounts receivable | 41 | €2,915 | €2,915 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,404 | €44,542 | -€19,862 | -30.8% |
| Deferred charges and accrued income | 490/1 | €10,850 | €11,129 | +€279 | +2.6% |
| Total equity and liabilities | 10/49 | €463,926 | €460,189 | -€3,736 | -0.8% |
| Equity | 10/15 | -€19,201 | €14,660 | +€33,861 | |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,201 | -€65,340 | +€33,861 | +34.1% |
| Amounts payable | 17/49 | €483,126 | €445,529 | -€37,598 | -7.8% |
| Amounts payable after more than one year | 17 | €218,053 | €151,037 | -€67,016 | -30.7% |
| Financial debts | 170/4 | €218,053 | €151,037 | -€67,016 | -30.7% |
| Amounts payable within one year | 42/48 | €265,073 | €294,492 | +€29,419 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €68,109 | €69,599 | +€1,489 | +2.2% |
| Trade debts | 44 | €10,892 | €42,345 | +€31,453 | +288.8% |
| Suppliers | 440/4 | €10,892 | €42,345 | +€31,453 | +288.8% |
| Advances received on contracts in progress | 46 | €172,998 | €171,963 | -€1,036 | -0.6% |
| Taxes, remuneration and social security | 45 | €13,074 | €10,586 | -€2,488 | -19.0% |
| Taxes | 450/3 | €13,074 | €7,223 | -€5,850 | -44.7% |
| Remuneration and social security | 454/9 | €0 | €3,363 | +€3,363 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€488 | €6,882 | +€7,371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,910 | €41,510 | -€2,400 | -5.5% |
| Other operating charges | 640/8 | €2,388 | €6,941 | +€4,553 | +190.7% |
| Gross operating margin | 9900 | €207,958 | €80,061 | -€127,897 | -61.5% |
| Operating profit (loss) | 9901 | €162,149 | €24,728 | -€137,421 | -84.7% |
| Financial income | 75/76B | €16,284 | €17,187 | +€903 | +5.5% |
| Recurring financial income | 75 | €16,284 | €17,187 | +€903 | +5.5% |
| Financial charges | 65/66B | €9,260 | €7,738 | -€1,522 | -16.4% |
| Recurring financial charges | 65 | €9,260 | €7,738 | -€1,522 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €169,173 | €34,177 | -€134,996 | -79.8% |
| Income taxes | 67/77 | €303 | €316 | +€13 | +4.3% |
| Profit (loss) for the period | 9904 | €168,870 | €33,861 | -€135,009 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €168,870 | €33,861 | -€135,009 | -79.9% |
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 9 October 2026 via checked.be.