KIMANUS: 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.
KIMANUS
Largest movements
- Tangible fixed assets +€126,875
up €126,875 (+24.2%), from €523,599 to €650,474
of which Land and buildings: +€127,061
- Cash -€55,901
down €55,901 (-73.6%), from €75,928 to €20,027
mainly Investment in fixed assets (net) (-€149,645) and Contributions, distributions and other (-€40,889)
- Other debts +€85,514
up €85,514 (+218.3%), from €39,174 to €124,687
- Reserves -€33,472
down €33,472 (-81.9%), from €40,889 to €7,417
- Trade debts +€17,895
up €17,895 (+384.1%), from €4,659 to €22,554
- Debts after one year -€16,264
down €16,264 (-3.2%), from €515,531 to €499,267
- Gross operating margin +€25,781
up €25,781 (+97.6%), from €26,424 to €52,205
- Depreciation +€10,787
up €10,787 (+90.0%), from €11,983 to €22,770
- Financial charges +€2,550
up €2,550 (+13.3%), from €19,220 to €21,771
- Financial income -€1,982
down €1,982 (-81.4%), from €2,436 to €454
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 | €619,755 | €683,287 | +€63,532 | +10.3% |
| Fixed assets | 21/28 | €523,599 | €650,474 | +€126,875 | +24.2% |
| Tangible fixed assets | 22/27 | €523,599 | €650,474 | +€126,875 | +24.2% |
| Land and buildings | 22 | €523,413 | €650,474 | +€127,061 | +24.3% |
| Plant, machinery and equipment | 23 | €186 | - | -€186 | |
| Current assets | 29/58 | €96,156 | €32,813 | -€63,343 | -65.9% |
| Amounts receivable within one year | 40/41 | €5,733 | €138 | -€5,594 | -97.6% |
| Trade receivables | 40 | €33 | - | -€33 | |
| Other amounts receivable | 41 | €5,700 | €138 | -€5,561 | -97.6% |
| Cash at bank and in hand | 54/58 | €75,928 | €20,027 | -€55,901 | -73.6% |
| Deferred charges and accrued income | 490/1 | €14,495 | €12,647 | -€1,848 | -12.7% |
| Total equity and liabilities | 10/49 | €619,755 | €683,287 | +€63,532 | +10.3% |
| Equity | 10/15 | €41,889 | €8,417 | -€33,472 | -79.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €40,889 | €7,417 | -€33,472 | -81.9% |
| Distributable reserves | 133 | €40,889 | €7,417 | -€33,472 | -81.9% |
| Amounts payable | 17/49 | €577,866 | €674,870 | +€97,004 | +16.8% |
| Amounts payable after more than one year | 17 | €515,531 | €499,267 | -€16,264 | -3.2% |
| Financial debts | 170/4 | €515,531 | €499,267 | -€16,264 | -3.2% |
| Amounts payable within one year | 42/48 | €61,569 | €170,508 | +€108,938 | +176.9% |
| Current portion of amounts payable after more than one year | 42 | €15,650 | €16,264 | +€614 | +3.9% |
| Trade debts | 44 | €4,659 | €22,554 | +€17,895 | +384.1% |
| Suppliers | 440/4 | €4,659 | €22,554 | +€17,895 | +384.1% |
| Taxes, remuneration and social security | 45 | €2,086 | €7,002 | +€4,916 | +235.7% |
| Taxes | 450/3 | €959 | €7,002 | +€6,043 | +630.2% |
| Remuneration and social security | 454/9 | €1,127 | - | -€1,127 | |
| Other amounts payable | 47/48 | €39,174 | €124,687 | +€85,514 | +218.3% |
| Accrued charges and deferred income | 492/3 | €766 | €5,095 | +€4,329 | +565.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,983 | €22,770 | +€10,787 | +90.0% |
| Other operating charges | 640/8 | €452 | €516 | +€64 | +14.2% |
| Gross operating margin | 9900 | €26,424 | €52,205 | +€25,781 | +97.6% |
| Operating profit (loss) | 9901 | €13,990 | €28,919 | +€14,929 | +106.7% |
| Financial income | 75/76B | €2,436 | €454 | -€1,982 | -81.4% |
| Recurring financial income | 75 | €2,436 | €454 | -€1,982 | -81.4% |
| Financial charges | 65/66B | €19,220 | €21,771 | +€2,550 | +13.3% |
| Recurring financial charges | 65 | €19,220 | €21,771 | +€2,550 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,795 | €7,602 | +€10,397 | |
| Income taxes | 67/77 | €173 | €184 | +€11 | +6.3% |
| Profit (loss) for the period | 9904 | -€2,968 | €7,417 | +€10,386 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,968 | €7,417 | +€10,386 |
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 9 October 2026 via checked.be.