KIBO MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments +€145,822
new in 2025: €145,822
- Cash -€78,795
down €78,795 (-18.1%), from €436,442 to €357,646
mainly Current investments (-€145,822) and Tax, wage and social debts (-€13,375)
- Tangible fixed assets -€22,080
down €22,080 (-76.7%), from €28,797 to €6,717
- Reserves +€62,084
up €62,084 (+15.4%), from €403,089 to €465,173
- Tax, wage and social debts -€13,375
down €13,375 (-36.0%), from €37,166 to €23,792
- Financial income -€8,703
down €8,703 (-76.4%), from €11,391 to €2,688
- Taxes -€1,519
down €1,519 (-5.3%), from €28,576 to €27,057
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €465,563 | €510,553 | +€44,991 | +9.7% |
| Fixed assets | 21/28 | €28,797 | €6,717 | -€22,080 | -76.7% |
| Tangible fixed assets | 22/27 | €28,797 | €6,717 | -€22,080 | -76.7% |
| Furniture and vehicles | 24 | €28,797 | €6,717 | -€22,080 | -76.7% |
| Current assets | 29/58 | €436,765 | €503,836 | +€67,071 | +15.4% |
| Amounts receivable within one year | 40/41 | €324 | €93 | -€231 | -71.2% |
| Trade receivables | 40 | €324 | €93 | -€231 | -71.2% |
| Current investments | 50/53 | - | €145,822 | +€145,822 | |
| Cash at bank and in hand | 54/58 | €436,442 | €357,646 | -€78,795 | -18.1% |
| Deferred charges and accrued income | 490/1 | - | €274 | +€274 | |
| Total equity and liabilities | 10/49 | €465,563 | €510,553 | +€44,991 | +9.7% |
| Equity | 10/15 | €421,689 | €483,773 | +€62,084 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €403,089 | €465,173 | +€62,084 | +15.4% |
| Distributable reserves | 133 | €403,089 | €465,173 | +€62,084 | +15.4% |
| Amounts payable | 17/49 | €43,874 | €26,780 | -€17,094 | -39.0% |
| Amounts payable within one year | 42/48 | €43,874 | €26,780 | -€17,094 | -39.0% |
| Trade debts | 44 | €796 | €170 | -€626 | -78.6% |
| Suppliers | 440/4 | €796 | €170 | -€626 | -78.6% |
| Taxes, remuneration and social security | 45 | €37,166 | €23,792 | -€13,375 | -36.0% |
| Taxes | 450/3 | €37,166 | €23,792 | -€13,375 | -36.0% |
| Other amounts payable | 47/48 | €5,911 | €2,818 | -€3,093 | -52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,514 | €22,080 | -€434 | -1.9% |
| Other operating charges | 640/8 | €801 | €759 | -€42 | -5.3% |
| Gross operating margin | 9900 | €109,573 | €109,441 | -€132 | -0.1% |
| Operating profit (loss) | 9901 | €86,258 | €86,602 | +€344 | +0.4% |
| Financial income | 75/76B | €11,391 | €2,688 | -€8,703 | -76.4% |
| Recurring financial income | 75 | €11,391 | €2,688 | -€8,703 | -76.4% |
| Financial charges | 65/66B | €177 | €148 | -€28 | -15.9% |
| Recurring financial charges | 65 | €177 | €148 | -€28 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €97,473 | €89,142 | -€8,331 | -8.5% |
| Income taxes | 67/77 | €28,576 | €27,057 | -€1,519 | -5.3% |
| Profit (loss) for the period | 9904 | €68,897 | €62,084 | -€6,812 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,897 | €62,084 | -€6,812 | -9.9% |
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 28 October 2026 via checked.be.