KIBOU: 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.
KIBOU
Largest movements
- Cash -€22,138
down €22,138 (-53.2%), from €41,622 to €19,483
mainly Investment in fixed assets (net) (-€21,016) and Contributions, distributions and other (-€10,494)
- Tangible fixed assets +€18,266
up €18,266 (+488.6%), from €3,739 to €22,005
of which Furniture and vehicles: +€18,510
- Receivables within one year +€9,159
new in 2025: €9,159
of which Trade receivables: +€8,628
- Deferred charges and accrued income +€6,227
up €6,227 (+537.1%), from €1,159 to €7,387
- Other debts +€10,014
up €10,014 (+76.6%), from €13,073 to €23,087
- Trade debts +€7,279
up €7,279 (+686.0%), from €1,061 to €8,340
- Reserves -€3,756
down €3,756 (-19.9%), from €18,835 to €15,079
of which Distributable reserves: -€3,756
- Tax, wage and social debts -€2,022
down €2,022 (-27.5%), from €7,351 to €5,329
- Gross operating margin -€6,493
down €6,493 (-26.0%), from €24,959 to €18,466
- Depreciation +€1,038
up €1,038 (+60.6%), from €1,712 to €2,750
- Other operating charges +€594
up €594 (+95.2%), from €624 to €1,219
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 | €46,520 | €58,035 | +€11,515 | +24.8% |
| Fixed assets | 21/28 | €3,739 | €22,005 | +€18,266 | +488.6% |
| Tangible fixed assets | 22/27 | €3,739 | €22,005 | +€18,266 | +488.6% |
| Furniture and vehicles | 24 | €1,807 | €20,317 | +€18,510 | +1024.2% |
| Other tangible fixed assets | 26 | €1,931 | €1,688 | -€244 | -12.6% |
| Current assets | 29/58 | €42,781 | €36,030 | -€6,751 | -15.8% |
| Amounts receivable within one year | 40/41 | - | €9,159 | +€9,159 | |
| Trade receivables | 40 | - | €8,628 | +€8,628 | |
| Other amounts receivable | 41 | - | €532 | +€532 | |
| Cash at bank and in hand | 54/58 | €41,622 | €19,483 | -€22,138 | -53.2% |
| Deferred charges and accrued income | 490/1 | €1,159 | €7,387 | +€6,227 | +537.1% |
| Total equity and liabilities | 10/49 | €46,520 | €58,035 | +€11,515 | +24.8% |
| Equity | 10/15 | €25,035 | €21,279 | -€3,756 | -15.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,835 | €15,079 | -€3,756 | -19.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,975 | €13,219 | -€3,756 | -22.1% |
| Amounts payable | 17/49 | €21,485 | €36,756 | +€15,271 | +71.1% |
| Amounts payable within one year | 42/48 | €21,485 | €36,756 | +€15,271 | +71.1% |
| Trade debts | 44 | €1,061 | €8,340 | +€7,279 | +686.0% |
| Suppliers | 440/4 | €1,061 | €8,340 | +€7,279 | +686.0% |
| Taxes, remuneration and social security | 45 | €7,351 | €5,329 | -€2,022 | -27.5% |
| Taxes | 450/3 | €7,351 | €5,329 | -€2,022 | -27.5% |
| Other amounts payable | 47/48 | €13,073 | €23,087 | +€10,014 | +76.6% |
| Remuneration, social security and pensions | 62 | €4,070 | €3,838 | -€232 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,712 | €2,750 | +€1,038 | +60.6% |
| Other operating charges | 640/8 | €624 | €1,219 | +€594 | +95.2% |
| Gross operating margin | 9900 | €24,959 | €18,466 | -€6,493 | -26.0% |
| Operating profit (loss) | 9901 | €18,553 | €10,660 | -€7,893 | -42.5% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €270 | €458 | +€188 | +69.8% |
| Recurring financial charges | 65 | €270 | €458 | +€188 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | €18,283 | €10,206 | -€8,077 | -44.2% |
| Income taxes | 67/77 | €3,644 | €3,468 | -€176 | -4.8% |
| Profit (loss) for the period | 9904 | €14,638 | €6,738 | -€7,900 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,638 | €6,738 | -€7,900 | -54.0% |
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 3 October 2026 via checked.be.