KIBORA: 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.
KIBORA
Largest movements
- Receivables within one year +€35,219
up €35,219 (+518.4%), from €6,793 to €42,012
of which Other amounts receivable: +€24,419
- Cash +€714
up €714 (+5.8%), from €12,262 to €12,975
mainly Net result for the year (+€28,931) and Tax, wage and social debts (+€5,542)
- Profit (loss) carried forward +€28,931
up €28,931 (+221.8%), from €13,042 to €41,973
- Tax, wage and social debts +€5,542
up €5,542 (+105.1%), from €5,271 to €10,814
- Trade debts +€1,828
up €1,828 (+1296.1%), from €141 to €1,969
- Gross operating margin +€22,155
up €22,155 (+118.3%), from €18,732 to €40,887
- Taxes +€5,555
up €5,555 (+105.7%), from €5,258 to €10,814
- Financial charges +€539
up €539 (+268.0%), from €201 to €741
- Depreciation +€519
up €519 (+225.0%), from €230 to €749
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 | €19,954 | €56,256 | +€36,301 | +181.9% |
| Fixed assets | 21/28 | €899 | €1,268 | +€369 | +41.0% |
| Tangible fixed assets | 22/27 | €899 | €1,268 | +€369 | +41.0% |
| Plant, machinery and equipment | 23 | €899 | €1,268 | +€369 | +41.0% |
| Current assets | 29/58 | €19,055 | €54,988 | +€35,933 | +188.6% |
| Amounts receivable within one year | 40/41 | €6,793 | €42,012 | +€35,219 | +518.4% |
| Trade receivables | 40 | - | €10,800 | +€10,800 | |
| Other amounts receivable | 41 | €6,793 | €31,212 | +€24,419 | +359.5% |
| Cash at bank and in hand | 54/58 | €12,262 | €12,975 | +€714 | +5.8% |
| Total equity and liabilities | 10/49 | €19,954 | €56,256 | +€36,301 | +181.9% |
| Equity | 10/15 | €14,542 | €43,473 | +€28,931 | +198.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Outside capital | 11 | €1,500 | €1,500 | = | 0.0% |
| Other | 1109/19 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,042 | €41,973 | +€28,931 | +221.8% |
| Amounts payable | 17/49 | €5,412 | €12,783 | +€7,371 | +136.2% |
| Amounts payable within one year | 42/48 | €5,412 | €12,783 | +€7,371 | +136.2% |
| Trade debts | 44 | €141 | €1,969 | +€1,828 | +1296.1% |
| Suppliers | 440/4 | €141 | €1,969 | +€1,828 | +1296.1% |
| Taxes, remuneration and social security | 45 | €5,271 | €10,814 | +€5,542 | +105.1% |
| Taxes | 450/3 | €5,271 | €10,814 | +€5,542 | +105.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230 | €749 | +€519 | +225.0% |
| Gross operating margin | 9900 | €18,732 | €40,887 | +€22,155 | +118.3% |
| Operating profit (loss) | 9901 | €18,501 | €40,138 | +€21,636 | +116.9% |
| Financial income | 75/76B | - | €347 | +€347 | |
| Recurring financial income | 75 | - | €347 | +€347 | |
| Financial charges | 65/66B | €201 | €741 | +€539 | +268.0% |
| Recurring financial charges | 65 | €201 | €741 | +€539 | +268.0% |
| Profit (loss) for the period before taxes | 9903 | €18,300 | €39,744 | +€21,444 | +117.2% |
| Income taxes | 67/77 | €5,258 | €10,814 | +€5,555 | +105.7% |
| Profit (loss) for the period | 9904 | €13,042 | €28,931 | +€15,889 | +121.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,042 | €28,931 | +€15,889 | +121.8% |
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 4 October 2026 via checked.be.