KIMANCO: 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.
KIMANCO
Largest movements
- Cash -€105,822
down €105,822 (-25.0%), from €424,008 to €318,186
- Tangible fixed assets +€74,720
up €74,720 (+10.1%), from €741,577 to €816,297
of which Land and buildings: +€75,977
- Debts after one year -€64,407
down €64,407 (-17.9%), from €359,684 to €295,278
- Other debts +€40,807
up €40,807 (+8.4%), from €487,293 to €528,099
- Trade debts -€17,499
down €17,499 (-99.5%), from €17,580 to €80
- Accrued charges and deferred income +€15,878
new in 2025: €15,878
- Gross operating margin +€15,936
up €15,936 (+12.9%), from €123,503 to €139,439
- Depreciation +€11,301
up €11,301 (+17.3%), from €65,220 to €76,522
- Provisions -€7,132
no longer reported in 2025 (was €7,132)
- Financial charges -€2,686
down €2,686 (-10.1%), from €26,649 to €23,963
- Taxes +€2,465
up €2,465 (+24.3%), from €10,127 to €12,592
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,173,765 | €1,140,315 | -€33,450 | -2.8% |
| Fixed assets | 21/28 | €741,577 | €816,297 | +€74,720 | +10.1% |
| Tangible fixed assets | 22/27 | €741,577 | €816,297 | +€74,720 | +10.1% |
| Land and buildings | 22 | €740,321 | €816,297 | +€75,977 | +10.3% |
| Other tangible fixed assets | 26 | €1,257 | - | -€1,257 | |
| Current assets | 29/58 | €432,188 | €324,018 | -€108,169 | -25.0% |
| Amounts receivable within one year | 40/41 | €4,873 | €2,408 | -€2,465 | -50.6% |
| Other amounts receivable | 41 | €4,873 | €2,408 | -€2,465 | -50.6% |
| Cash at bank and in hand | 54/58 | €424,008 | €318,186 | -€105,822 | -25.0% |
| Deferred charges and accrued income | 490/1 | €3,307 | €3,424 | +€117 | +3.5% |
| Total equity and liabilities | 10/49 | €1,173,765 | €1,140,315 | -€33,450 | -2.8% |
| Equity | 10/15 | €241,339 | €248,004 | +€6,665 | +2.8% |
| Contributions | 10/11 | €94,350 | €94,350 | = | 0.0% |
| Capital | 10 | €94,350 | €94,350 | = | 0.0% |
| Issued capital | 100 | €94,350 | €94,350 | = | 0.0% |
| Reserves | 13 | €129,922 | €136,588 | +€6,665 | +5.1% |
| Non-distributable reserves | 130/1 | €9,435 | €9,435 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,435 | €9,435 | = | 0.0% |
| Distributable reserves | 133 | €120,487 | €127,153 | +€6,665 | +5.5% |
| Profit (loss) carried forward | 14 | €17,066 | €17,066 | = | 0.0% |
| Amounts payable | 17/49 | €932,426 | €892,311 | -€40,115 | -4.3% |
| Amounts payable after more than one year | 17 | €359,684 | €295,278 | -€64,407 | -17.9% |
| Financial debts | 170/4 | €359,684 | €295,278 | -€64,407 | -17.9% |
| Amounts payable within one year | 42/48 | €572,742 | €581,155 | +€8,413 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €62,244 | €52,976 | -€9,269 | -14.9% |
| Trade debts | 44 | €17,580 | €80 | -€17,499 | -99.5% |
| Suppliers | 440/4 | €17,580 | €80 | -€17,499 | -99.5% |
| Taxes, remuneration and social security | 45 | €5,625 | - | -€5,625 | |
| Taxes | 450/3 | €5,625 | - | -€5,625 | |
| Other amounts payable | 47/48 | €487,293 | €528,099 | +€40,807 | +8.4% |
| Accrued charges and deferred income | 492/3 | - | €15,878 | +€15,878 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,220 | €76,522 | +€11,301 | +17.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,132 | - | -€7,132 | |
| Gross operating margin | 9900 | €123,503 | €139,439 | +€15,936 | +12.9% |
| Operating profit (loss) | 9901 | €51,151 | €62,917 | +€11,767 | +23.0% |
| Financial income | 75/76B | - | €302 | +€302 | |
| Recurring financial income | 75 | - | €302 | +€302 | |
| Financial charges | 65/66B | €26,649 | €23,963 | -€2,686 | -10.1% |
| Recurring financial charges | 65 | €26,649 | €23,963 | -€2,686 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €24,502 | €39,257 | +€14,754 | +60.2% |
| Income taxes | 67/77 | €10,127 | €12,592 | +€2,465 | +24.3% |
| Profit (loss) for the period | 9904 | €14,375 | €26,665 | +€12,290 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,375 | €26,665 | +€12,290 | +85.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.