KIGILI: 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.
KIGILI
Largest movements
- Tangible fixed assets +€55,981
up €55,981 (+200%), from €27,950 to €83,931
- Receivables within one year -€49,523
down €49,523 (-77.1%), from €64,219 to €14,696
of which Trade receivables: -€41,531
- Cash -€36,026
down €36,026 (-75.0%), from €48,043 to €12,017
mainly Investment in fixed assets (net) (-€63,523) and Trade debts (-€62,822)
- Stocks and contracts +€32,319
up €32,319 (+29.7%), from €108,860 to €141,179
- Trade debts -€62,822
down €62,822 (-38.9%), from €161,546 to €98,723
- Profit (loss) carried forward +€20,504
up €20,504 (+32.6%), from €62,918 to €83,422
- Tax, wage and social debts +€19,892
up €19,892 (+115%), from €17,308 to €37,200
of which Remuneration and social security: +€17,869
- Other debts +€12,676
new in 2024: €12,676
- Debts after one year +€9,438
new in 2024: €9,438
- Turnover -€984,197
no longer reported in 2024 (was €984,197)
- Staff costs +€65,131
up €65,131 (+65.6%), from €99,323 to €164,454
- Gross operating margin +€60,140
up €60,140 (+39.6%), from €151,897 to €212,037
- Purchases and services -€51,277
down €51,277 (-6.2%), from €832,300 to €781,023
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €254,572 | €257,323 | +€2,752 | +1.1% |
| Fixed assets | 21/28 | €33,450 | €89,431 | +€55,981 | +167% |
| Tangible fixed assets | 22/27 | €27,950 | €83,931 | +€55,981 | +200% |
| Plant, machinery and equipment | 23 | €5,984 | €21,538 | +€15,554 | +260% |
| Furniture and vehicles | 24 | €21,966 | €34,447 | +€12,481 | +56.8% |
| Other tangible fixed assets | 26 | - | €27,946 | +€27,946 | |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €221,122 | €167,892 | -€53,229 | -24.1% |
| Stocks and contracts in progress | 3 | €108,860 | €141,179 | +€32,319 | +29.7% |
| Stocks | 30/36 | €108,860 | €141,179 | +€32,319 | +29.7% |
| Amounts receivable within one year | 40/41 | €64,219 | €14,696 | -€49,523 | -77.1% |
| Trade receivables | 40 | €41,531 | - | -€41,531 | |
| Other amounts receivable | 41 | €22,688 | €14,696 | -€7,992 | -35.2% |
| Cash at bank and in hand | 54/58 | €48,043 | €12,017 | -€36,026 | -75.0% |
| Total equity and liabilities | 10/49 | €254,572 | €257,323 | +€2,752 | +1.1% |
| Equity | 10/15 | €75,718 | €96,222 | +€20,504 | +27.1% |
| Contributions | 10/11 | €12,800 | €12,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,918 | €83,422 | +€20,504 | +32.6% |
| Amounts payable | 17/49 | €178,854 | €161,102 | -€17,752 | -9.9% |
| Amounts payable after more than one year | 17 | - | €9,438 | +€9,438 | |
| Financial debts | 170/4 | - | €9,438 | +€9,438 | |
| Amounts payable within one year | 42/48 | €178,854 | €151,664 | -€27,190 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,064 | +€3,064 | |
| Trade debts | 44 | €161,546 | €98,723 | -€62,822 | -38.9% |
| Suppliers | 440/4 | €161,546 | €98,723 | -€62,822 | -38.9% |
| Taxes, remuneration and social security | 45 | €17,308 | €37,200 | +€19,892 | +115% |
| Taxes | 450/3 | €11,546 | €13,569 | +€2,023 | +17.5% |
| Remuneration and social security | 454/9 | €5,762 | €23,631 | +€17,869 | +310% |
| Other amounts payable | 47/48 | - | €12,676 | +€12,676 | |
| Turnover | 70 | €984,197 | - | -€984,197 | |
| Goods, raw materials, services and sundry goods | 60/61 | €832,300 | €781,023 | -€51,277 | -6.2% |
| Remuneration, social security and pensions | 62 | €99,323 | €164,454 | +€65,131 | +65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,913 | €7,542 | +€1,629 | +27.5% |
| Other operating charges | 640/8 | €2,608 | €3,739 | +€1,131 | +43.4% |
| Gross operating margin | 9900 | €151,897 | €212,037 | +€60,140 | +39.6% |
| Operating profit (loss) | 9901 | €44,053 | €36,302 | -€7,751 | -17.6% |
| Financial income | 75/76B | €389 | €2,599 | +€2,209 | +568% |
| Recurring financial income | 75 | €389 | €0 | -€389 | -99.9% |
| Non-recurring financial income | 76B | - | €2,598 | +€2,598 | |
| Financial charges | 65/66B | €9,992 | €7,425 | -€2,567 | -25.7% |
| Recurring financial charges | 65 | €9,992 | €8,281 | -€1,711 | -17.1% |
| Non-recurring financial charges | 66B | - | -€856 | -€856 | |
| Profit (loss) for the period before taxes | 9903 | €34,450 | €31,475 | -€2,974 | -8.6% |
| Income taxes | 67/77 | €7,014 | €10,116 | +€3,102 | +44.2% |
| Profit (loss) for the period | 9904 | €27,436 | €21,359 | -€6,077 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,436 | €21,359 | -€6,077 | -22.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.