KIBO: 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.
KIBO
Largest movements
- Receivables within one year -€13,666
down €13,666 (-31.2%), from €43,852 to €30,186
of which Trade receivables: -€18,127
- Stocks and contracts +€9,234
up €9,234 (+101.6%), from €9,089 to €18,323
- Cash -€2,593
down €2,593 (-26.7%), from €9,721 to €7,127
mainly Investment in fixed assets (net) (-€11,665) and Trade debts (-€9,472)
- Intangible fixed assets -€1,378
down €1,378 (-29.8%), from €4,619 to €3,241
- Trade debts -€9,472
down €9,472 (-16.5%), from €57,390 to €47,917
- Tax, wage and social debts -€7,226
down €7,226 (-39.4%), from €18,334 to €11,107
of which Taxes: -€5,374
- Reserves +€6,637
up €6,637 (+63.9%), from €10,387 to €17,024
- Other debts -€5,406
down €5,406 (-47.3%), from €11,420 to €6,014
- Profit (loss) carried forward +€3,867
no longer reported in 2025 (was -€3,867)
- Staff costs +€18,785
up €18,785 (+61.5%), from €30,553 to €49,339
- Depreciation +€4,561
up €4,561 (+51.8%), from €8,806 to €13,367
- Write-downs +€2,606
new in 2025: €2,606
- Gross operating margin -€2,485
down €2,485 (-3.1%), from €80,520 to €78,036
- Taxes +€1,566
up €1,566 (+106.3%), from €1,474 to €3,040
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 | €98,663 | €89,591 | -€9,072 | -9.2% |
| Fixed assets | 21/28 | €35,657 | €33,955 | -€1,703 | -4.8% |
| Intangible fixed assets | 21 | €4,619 | €3,241 | -€1,378 | -29.8% |
| Tangible fixed assets | 22/27 | €27,289 | €26,964 | -€324 | -1.2% |
| Plant, machinery and equipment | 23 | €26,194 | €26,809 | +€614 | +2.3% |
| Furniture and vehicles | 24 | €1,094 | €156 | -€939 | -85.8% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €63,005 | €55,636 | -€7,369 | -11.7% |
| Stocks and contracts in progress | 3 | €9,089 | €18,323 | +€9,234 | +101.6% |
| Stocks | 30/36 | €9,089 | €18,323 | +€9,234 | +101.6% |
| Amounts receivable within one year | 40/41 | €43,852 | €30,186 | -€13,666 | -31.2% |
| Trade receivables | 40 | €41,803 | €23,676 | -€18,127 | -43.4% |
| Other amounts receivable | 41 | €2,049 | €6,510 | +€4,460 | +217.6% |
| Cash at bank and in hand | 54/58 | €9,721 | €7,127 | -€2,593 | -26.7% |
| Deferred charges and accrued income | 490/1 | €344 | - | -€344 | |
| Total equity and liabilities | 10/49 | €98,663 | €89,591 | -€9,072 | -9.2% |
| Equity | 10/15 | €11,519 | €22,024 | +€10,505 | +91.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,387 | €17,024 | +€6,637 | +63.9% |
| Distributable reserves | 133 | €10,387 | €17,024 | +€6,637 | +63.9% |
| Profit (loss) carried forward | 14 | -€3,867 | - | +€3,867 | |
| Amounts payable | 17/49 | €87,143 | €67,567 | -€19,576 | -22.5% |
| Amounts payable within one year | 42/48 | €87,143 | €67,567 | -€19,576 | -22.5% |
| Financial debts | 43 | - | €2,529 | +€2,529 | |
| Credit institutions | 430/8 | - | €2,529 | +€2,529 | |
| Trade debts | 44 | €57,390 | €47,917 | -€9,472 | -16.5% |
| Suppliers | 440/4 | €57,390 | €47,917 | -€9,472 | -16.5% |
| Taxes, remuneration and social security | 45 | €18,334 | €11,107 | -€7,226 | -39.4% |
| Taxes | 450/3 | €16,482 | €11,107 | -€5,374 | -32.6% |
| Remuneration and social security | 454/9 | €1,852 | - | -€1,852 | |
| Other amounts payable | 47/48 | €11,420 | €6,014 | -€5,406 | -47.3% |
| Remuneration, social security and pensions | 62 | €30,553 | €49,339 | +€18,785 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,806 | €13,367 | +€4,561 | +51.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,606 | +€2,606 | |
| Non-recurring operating charges | 66A | €29,682 | - | -€29,682 | |
| Gross operating margin | 9900 | €80,520 | €78,036 | -€2,485 | -3.1% |
| Operating profit (loss) | 9901 | €11,479 | €12,724 | +€1,245 | +10.8% |
| Financial income | 75/76B | €690 | €1,103 | +€413 | +59.7% |
| Recurring financial income | 75 | €690 | €1,103 | +€413 | +59.7% |
| Financial charges | 65/66B | €309 | €383 | +€74 | +23.8% |
| Recurring financial charges | 65 | €309 | €383 | +€74 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €11,860 | €13,444 | +€1,584 | +13.4% |
| Income taxes | 67/77 | €1,474 | €3,040 | +€1,566 | +106.3% |
| Profit (loss) for the period | 9904 | €10,387 | €10,405 | +€18 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,387 | €10,405 | +€18 | +0.2% |
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 12 October 2026 via checked.be.