KIGO: 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.
KIGO
Largest movements
- Receivables within one year +€326,477
up €326,477 (+18845.8%), from €1,732 to €328,209
- Stocks and contracts -€189,039
down €189,039 (-48.0%), from €394,099 to €205,060
- Cash -€114,350
down €114,350 (-42.0%), from €272,036 to €157,686
mainly Receivables within one year (-€326,477) and Other debts (-€6,778)
- Profit (loss) carried forward +€20,919
up €20,919 (+898.7%), from €2,328 to €23,246
- Tax, wage and social debts +€7,835
up €7,835 (+882.7%), from €888 to €8,723
- Gross operating margin +€10,292
up €10,292 (+50.3%), from €20,461 to €30,753
- Taxes +€6,948
up €6,948 (+782.7%), from €888 to €7,835
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.
Cash bridge derived
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 | €669,317 | €690,955 | +€21,638 | +3.2% |
| Fixed assets | 21/28 | €1,449 | - | -€1,449 | |
| Tangible fixed assets | 22/27 | €1,449 | - | -€1,449 | |
| Land and buildings | 22 | €1,449 | - | -€1,449 | |
| Current assets | 29/58 | €667,868 | €690,955 | +€23,087 | +3.5% |
| Stocks and contracts in progress | 3 | €394,099 | €205,060 | -€189,039 | -48.0% |
| Stocks | 30/36 | €394,099 | €205,060 | -€189,039 | -48.0% |
| Amounts receivable within one year | 40/41 | €1,732 | €328,209 | +€326,477 | +18845.8% |
| Other amounts receivable | 41 | €1,732 | €328,209 | +€326,477 | +18845.8% |
| Cash at bank and in hand | 54/58 | €272,036 | €157,686 | -€114,350 | -42.0% |
| Total equity and liabilities | 10/49 | €669,317 | €690,955 | +€21,638 | +3.2% |
| Equity | 10/15 | €24,328 | €45,246 | +€20,919 | +86.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,328 | €23,246 | +€20,919 | +898.7% |
| Amounts payable | 17/49 | €644,989 | €645,709 | +€720 | +0.1% |
| Amounts payable within one year | 42/48 | €644,989 | €645,709 | +€720 | +0.1% |
| Trade debts | 44 | €1,869 | €1,531 | -€338 | -18.1% |
| Suppliers | 440/4 | €1,869 | €1,531 | -€338 | -18.1% |
| Taxes, remuneration and social security | 45 | €888 | €8,723 | +€7,835 | +882.7% |
| Taxes | 450/3 | €888 | €8,723 | +€7,835 | +882.7% |
| Other amounts payable | 47/48 | €642,232 | €635,454 | -€6,778 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,449 | €1,449 | = | 0.0% |
| Other operating charges | 640/8 | €563 | €504 | -€59 | -10.5% |
| Gross operating margin | 9900 | €20,461 | €30,753 | +€10,292 | +50.3% |
| Operating profit (loss) | 9901 | €18,448 | €28,799 | +€10,351 | +56.1% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €18,403 | €28,754 | +€10,351 | +56.2% |
| Income taxes | 67/77 | €888 | €7,835 | +€6,948 | +782.7% |
| Profit (loss) for the period | 9904 | €17,516 | €20,919 | +€3,403 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,516 | €20,919 | +€3,403 | +19.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.