KIBO: what changed
Two fiscal 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.
KIBO
Largest movements
- Tangible fixed assets -€46,525
down €46,525 (-5.3%), from €880,087 to €833,562
of which Land and buildings: -€43,293
- Receivables after one year +€11,077
up €11,077 (+9.2%), from €120,678 to €131,755
- Debts after one year -€22,105
down €22,105 (-2.2%), from €987,222 to €965,118
of which Financial debts: -€22,105
- Profit (loss) carried forward -€21,253
down €21,253 (-56.9%), from -€37,380 to -€58,633
- Gross operating margin -€10,307
down €10,307 (-17.4%), from €59,237 to €48,930
- Financial charges -€4,497
down €4,497 (-20.5%), from €21,907 to €17,410
- Depreciation +€1,185
up €1,185 (+2.4%), from €48,558 to €49,744
- Financial income -€611
down €611 (-14.1%), from €4,333 to €3,722
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 | €1,052,953 | €1,011,122 | -€41,831 | -4.0% |
| Fixed assets | 21/28 | €880,087 | €833,562 | -€46,525 | -5.3% |
| Tangible fixed assets | 22/27 | €880,087 | €833,562 | -€46,525 | -5.3% |
| Land and buildings | 22 | €864,019 | €820,727 | -€43,293 | -5.0% |
| Plant, machinery and equipment | 23 | €16,068 | €12,835 | -€3,233 | -20.1% |
| Current assets | 29/58 | €172,866 | €177,560 | +€4,694 | +2.7% |
| Amounts receivable after more than one year | 29 | €120,678 | €131,755 | +€11,077 | +9.2% |
| Other amounts receivable | 291 | €120,678 | €131,755 | +€11,077 | +9.2% |
| Amounts receivable within one year | 40/41 | €0 | €63 | +€63 | |
| Trade receivables | 40 | - | €63 | +€63 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €52,188 | €45,742 | -€6,446 | -12.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,052,953 | €1,011,122 | -€41,831 | -4.0% |
| Equity | 10/15 | €22,314 | €1,061 | -€21,253 | -95.2% |
| Contributions | 10/11 | €32,567 | €32,567 | = | 0.0% |
| Reserves | 13 | €27,126 | €27,126 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,257 | €3,257 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,257 | €3,257 | = | 0.0% |
| Distributable reserves | 133 | €23,870 | €23,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,380 | -€58,633 | -€21,253 | -56.9% |
| Amounts payable | 17/49 | €1,030,639 | €1,010,061 | -€20,578 | -2.0% |
| Amounts payable after more than one year | 17 | €987,222 | €965,118 | -€22,105 | -2.2% |
| Financial debts | 170/4 | €985,372 | €963,268 | -€22,105 | -2.2% |
| Other amounts payable | 178/9 | €1,850 | €1,850 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,416 | €27,943 | -€5,473 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €25,105 | €25,105 | = | 0.0% |
| Trade debts | 44 | €2,928 | €1,295 | -€1,633 | -55.8% |
| Suppliers | 440/4 | €2,928 | €1,295 | -€1,633 | -55.8% |
| Advances received on contracts in progress | 46 | €830 | €0 | -€830 | -100.0% |
| Taxes, remuneration and social security | 45 | €140 | €351 | +€211 | +151.2% |
| Taxes | 450/3 | €140 | €351 | +€211 | +151.2% |
| Other amounts payable | 47/48 | €4,414 | €1,193 | -€3,221 | -73.0% |
| Accrued charges and deferred income | 492/3 | €10,000 | €17,000 | +€7,000 | +70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,558 | €49,744 | +€1,185 | +2.4% |
| Other operating charges | 640/8 | €6,157 | €6,540 | +€384 | +6.2% |
| Gross operating margin | 9900 | €59,237 | €48,930 | -€10,307 | -17.4% |
| Operating profit (loss) | 9901 | €4,522 | -€7,354 | -€11,876 | |
| Financial income | 75/76B | €4,333 | €3,722 | -€611 | -14.1% |
| Recurring financial income | 75 | €4,333 | €3,722 | -€611 | -14.1% |
| Financial charges | 65/66B | €21,907 | €17,410 | -€4,497 | -20.5% |
| Recurring financial charges | 65 | €21,907 | €17,410 | -€4,497 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,052 | -€21,042 | -€7,990 | -61.2% |
| Income taxes | 67/77 | €140 | €211 | +€72 | +51.2% |
| Profit (loss) for the period | 9904 | -€13,191 | -€21,253 | -€8,062 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,191 | -€21,253 | -€8,062 | -61.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.