KIFOBE: 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.
KIFOBE
Largest movements
- Tangible fixed assets -€16,736
down €16,736 (-41.5%), from €40,349 to €23,613
- Intangible fixed assets -€10,714
down €10,714 (-50.0%), from €21,419 to €10,705
- Receivables within one year +€1,495
up €1,495, from €0 to €1,495
- Cash -€818
down €818 (-53.3%), from €1,535 to €716
mainly Other debts (-€19,592) and Debts after one year (-€15,698)
- Other debts -€19,592
down €19,592 (-76.8%), from €25,509 to €5,917
- Debts after one year -€15,698
down €15,698 (-27.5%), from €57,098 to €41,400
- Profit (loss) carried forward +€7,971
up €7,971 (+18.7%), from -€42,537 to -€34,566
- Current portion of long-term debt +€691
up €691 (+4.6%), from €15,008 to €15,698
- Gross operating margin +€11,696
up €11,696 (+38.3%), from €30,562 to €42,258
- Financial charges +€1,201
up €1,201 (+27.5%), from €4,369 to €5,570
- Depreciation -€574
down €574 (-2.0%), from €28,059 to €27,485
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 | €63,891 | €37,291 | -€26,601 | -41.6% |
| Formation expenses | 20 | €35 | €0 | -€35 | -100% |
| Fixed assets | 21/28 | €61,768 | €34,318 | -€27,450 | -44.4% |
| Intangible fixed assets | 21 | €21,419 | €10,705 | -€10,714 | -50.0% |
| Tangible fixed assets | 22/27 | €40,349 | €23,613 | -€16,736 | -41.5% |
| Leasing and similar rights | 25 | €40,349 | €23,613 | -€16,736 | -41.5% |
| Current assets | 29/58 | €2,089 | €2,973 | +€884 | +42.3% |
| Amounts receivable within one year | 40/41 | €0 | €1,495 | +€1,495 | |
| Trade receivables | 40 | €0 | €1,495 | +€1,495 | |
| Cash at bank and in hand | 54/58 | €1,535 | €716 | -€818 | -53.3% |
| Deferred charges and accrued income | 490/1 | €554 | €762 | +€208 | +37.5% |
| Total equity and liabilities | 10/49 | €63,891 | €37,291 | -€26,601 | -41.6% |
| Equity | 10/15 | -€40,537 | -€32,566 | +€7,971 | +19.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,537 | -€34,566 | +€7,971 | +18.7% |
| Amounts payable | 17/49 | €104,428 | €69,856 | -€34,572 | -33.1% |
| Amounts payable after more than one year | 17 | €57,098 | €41,400 | -€15,698 | -27.5% |
| Financial debts | 170/4 | €57,098 | €41,400 | -€15,698 | -27.5% |
| Amounts payable within one year | 42/48 | €47,330 | €28,456 | -€18,874 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | €15,008 | €15,698 | +€691 | +4.6% |
| Trade debts | 44 | €5,738 | €5,937 | +€199 | +3.5% |
| Suppliers | 440/4 | €5,738 | €5,937 | +€199 | +3.5% |
| Taxes, remuneration and social security | 45 | €1,075 | €904 | -€171 | -15.9% |
| Taxes | 450/3 | €1,075 | €904 | -€171 | -15.9% |
| Other amounts payable | 47/48 | €25,509 | €5,917 | -€19,592 | -76.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €23 | €0 | -€23 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,059 | €27,485 | -€574 | -2.0% |
| Other operating charges | 640/8 | €75 | €52 | -€24 | -31.3% |
| Non-recurring operating charges | 66A | €430 | €684 | +€253 | +58.9% |
| Gross operating margin | 9900 | €30,562 | €42,258 | +€11,696 | +38.3% |
| Operating profit (loss) | 9901 | €1,997 | €14,038 | +€12,041 | +603% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,369 | €5,570 | +€1,201 | +27.5% |
| Recurring financial charges | 65 | €4,369 | €5,570 | +€1,201 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,371 | €8,469 | +€10,840 | |
| Income taxes | 67/77 | €407 | €498 | +€91 | +22.4% |
| Profit (loss) for the period | 9904 | -€2,778 | €7,971 | +€10,749 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,778 | €7,971 | +€10,749 |
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 18 October 2026 via checked.be.