KIMCO: 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.
What changed
KIMCO
NACE 46.319, Wholesale of fruit and vegetables, excluding potatoes
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €939,458+€172,010
Equity
€12.7m
2024 · €11.6m+€1.1m
Cash
€583,576
2024 · €455,148+€128,428
Balance sheet total
€29.6m
2024 · €28.1m+€1.5m
Largest movements
Assets
- Receivables within one year -€2.3m
down €2.3m (-20.5%), from €11.1m to €8.8m
of which Other amounts receivable: -€1.8m
- Current investments +€2.1m
up €2.1m (+138.5%), from €1.5m to €3.6m
- Receivables after one year +€2.0m
up €2.0m (+110.3%), from €1.8m to €3.8m
- Tangible fixed assets -€1.3m
down €1.3m (-10.5%), from €12.0m to €10.7m
of which Plant, machinery and equipment: -€1.6m
- Stocks and contracts +€786,362
up €786,362 (+66.4%), from €1.2m to €2.0m
Equity and liabilities
- Other debts +€1.8m
up €1.8m (+214.6%), from €848,103 to €2.7m
- Trade debts -€1.2m
down €1.2m (-10.6%), from €11.2m to €10.0m
- Reserves +€1.1m
up €1.1m (+9.7%), from €11.5m to €12.6m
of which Distributable reserves: +€1.3m
Income statement
- Turnover -€2.6m
down €2.6m (-4.6%), from €56.4m to €53.8m
- Goods and materials -€2.1m
down €2.1m (-6.2%), from €34.4m to €32.3m
of which Purchases: -€1.4m
- Services and other goods -€1.6m
down €1.6m (-9.5%), from €16.3m to €14.7m
- Depreciation +€821,297
up €821,297 (+25.6%), from €3.2m to €4.0m
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.
Result 2024
€939,458
Turnover
-€2.6m
Other operating income
+€34,008
Goods and materials
+€2.1m
Services and other goods
+€1.6m
Staff costs
-€170,765
Depreciation
-€821,297
Write-downs
-€11,488
Other operating charges
-€8,962
Financial income
-€39,838
Financial charges
+€33,306
Taxes
+€69,108
Deferred taxes and other
-€3,772
Result 2025
€1.1m
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.
From operations
+€5.0m
Investment
-€4.9m
Financing
-€36,285
Cash 2024
€455,148
From operations (derived)
+€5.0m
Net result for the year
+€1.1m
Depreciation
+€4.0m
Receivables after one year
-€2.0m
Stocks and contracts
-€786,362
Receivables within one year
+€2.3m
Smaller working-capital items
-€4,473
Trade debts
-€1.2m
Tax, wage and social debts
-€208,382
Other debts
+€1.8m
Investment (derived)
-€4.9m
Investment in fixed assets (net)
-€2.8m
Current investments
-€2.1m
Financing
-€36,285
Contributions, distributions and other
-€36,285
Cash 2025
€583,576
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,066,542 | €29,563,435 | +€1.5m | +5.3% |
| Fixed assets | 21/28 | €11,996,531 | €10,740,071 | -€1.3m | -10.5% |
| Tangible fixed assets | 22/27 | €11,987,202 | €10,730,741 | -€1.3m | -10.5% |
| Land and buildings | 22 | €112,441 | €134,055 | +€21,614 | +19.2% |
| Plant, machinery and equipment | 23 | €11,455,201 | €9,889,431 | -€1.6m | -13.7% |
| Furniture and vehicles | 24 | €419,560 | €707,255 | +€287,696 | +68.6% |
| Financial fixed assets | 28 | €9,330 | €9,330 | = | 0.0% |
| Other financial fixed assets | 284/8 | €9,330 | €9,330 | = | 0.0% |
| Shares | 284 | €99 | €99 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €9,230 | €9,230 | = | 0.0% |
| Current assets | 29/58 | €16,070,011 | €18,823,365 | +€2.8m | +17.1% |
| Amounts receivable after more than one year | 29 | €1,812,670 | €3,812,670 | +€2.0m | +110.3% |
| Other amounts receivable | 291 | €1,812,670 | €3,812,670 | +€2.0m | +110.3% |
| Stocks and contracts in progress | 3 | €1,183,638 | €1,970,000 | +€786,362 | +66.4% |
| Stocks | 30/36 | €1,183,638 | €1,970,000 | +€786,362 | +66.4% |
| Goods purchased for resale | 34 | €1,183,638 | €1,970,000 | +€786,362 | +66.4% |
| Amounts receivable within one year | 40/41 | €11,093,909 | €8,820,618 | -€2.3m | -20.5% |
| Trade receivables | 40 | €8,140,341 | €7,672,662 | -€467,679 | -5.7% |
| Other amounts receivable | 41 | €2,953,568 | €1,147,956 | -€1.8m | -61.1% |
| Current investments | 50/53 | €1,524,646 | €3,636,501 | +€2.1m | +138.5% |
| Other investments | 51/53 | €1,524,646 | €3,636,501 | +€2.1m | +138.5% |
| Cash at bank and in hand | 54/58 | €455,148 | €583,576 | +€128,428 | +28.2% |
| Total equity and liabilities | 10/49 | €28,066,542 | €29,563,435 | +€1.5m | +5.3% |
| Equity | 10/15 | €11,613,274 | €12,688,457 | +€1.1m | +9.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €11,477,796 | €12,589,264 | +€1.1m | +9.7% |
| Non-distributable reserves | 130/1 | €114,200 | €114,200 | = | 0.0% |
| Legal reserve | 130 | €114,200 | €114,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,306,857 | €1,145,150 | -€161,707 | -12.4% |
| Distributable reserves | 133 | €10,056,739 | €11,329,914 | +€1.3m | +12.7% |
| Investment grants | 15 | €73,478 | €37,193 | -€36,285 | -49.4% |
| Provisions and deferred taxes | 16 | €3,867 | €1,958 | -€1,910 | -49.4% |
| Deferred taxes | 168 | €3,867 | €1,958 | -€1,910 | -49.4% |
| Amounts payable | 17/49 | €16,449,401 | €16,873,021 | +€423,620 | +2.6% |
| Amounts payable after more than one year | 17 | €4,000,000 | €4,000,000 | = | 0.0% |
| Financial debts | 170/4 | €4,000,000 | €4,000,000 | = | 0.0% |
| Other loans | 174 | €4,000,000 | €4,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,445,401 | €12,871,585 | +€426,184 | +3.4% |
| Trade debts | 44 | €11,182,226 | €9,996,548 | -€1.2m | -10.6% |
| Suppliers | 440/4 | €11,182,226 | €9,996,548 | -€1.2m | -10.6% |
| Taxes, remuneration and social security | 45 | €415,072 | €206,690 | -€208,382 | -50.2% |
| Taxes | 450/3 | €185,004 | €17,027 | -€167,977 | -90.8% |
| Remuneration and social security | 454/9 | €230,068 | €189,664 | -€40,405 | -17.6% |
| Other amounts payable | 47/48 | €848,103 | €2,668,346 | +€1.8m | +214.6% |
| Accrued charges and deferred income | 492/3 | €4,000 | €1,436 | -€2,564 | -64.1% |
| Operating income | 70/76A | €56,518,840 | €53,964,532 | -€2.6m | -4.5% |
| Turnover | 70 | €56,399,337 | €53,811,020 | -€2.6m | -4.6% |
| Other operating income | 74 | €119,504 | €153,512 | +€34,008 | +28.5% |
| Operating charges | 60/66A | €55,287,230 | €52,619,717 | -€2.7m | -4.8% |
| Goods for resale, raw materials and consumables | 60 | €34,448,907 | €32,324,147 | -€2.1m | -6.2% |
| Purchases | 600/8 | €34,538,907 | €33,134,147 | -€1.4m | -4.1% |
| Change in stocks: decrease (increase) | 609 | -€90,000 | -€810,000 | -€720,000 | -800.0% |
| Services and other goods | 61 | €16,293,608 | €14,738,344 | -€1.6m | -9.5% |
| Remuneration, social security and pensions | 62 | €1,281,149 | €1,451,915 | +€170,765 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,202,269 | €4,023,566 | +€821,297 | +25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €11,488 | +€11,488 | |
| Other operating charges | 640/8 | €61,295 | €70,257 | +€8,962 | +14.6% |
| Operating profit (loss) | 9901 | €1,231,611 | €1,344,816 | +€113,205 | +9.2% |
| Financial income | 75/76B | €173,989 | €134,151 | -€39,838 | -22.9% |
| Recurring financial income | 75 | €173,989 | €134,151 | -€39,838 | -22.9% |
| Income from financial fixed assets | 750 | €16,849 | €72,744 | +€55,895 | +331.7% |
| Income from current assets | 751 | €43,408 | €6,353 | -€37,055 | -85.4% |
| Other financial income | 752/9 | €113,732 | €55,054 | -€58,678 | -51.6% |
| Financial charges | 65/66B | €119,214 | €85,908 | -€33,306 | -27.9% |
| Recurring financial charges | 65 | €119,214 | €85,908 | -€33,306 | -27.9% |
| Debt charges | 650 | €22,637 | €18,086 | -€4,551 | -20.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €96,578 | €67,822 | -€28,755 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €1,286,385 | €1,393,058 | +€106,673 | +8.3% |
| Transfer from deferred taxes | 780 | €5,682 | €1,910 | -€3,772 | -66.4% |
| Income taxes | 67/77 | €352,609 | €283,500 | -€69,108 | -19.6% |
| Taxes | 670/3 | €415,116 | €283,573 | -€131,543 | -31.7% |
| Tax adjustments and reversals of tax provisions | 77 | €62,507 | €73 | -€62,434 | -99.9% |
| Profit (loss) for the period | 9904 | €939,458 | €1,111,468 | +€172,010 | +18.3% |
| Transfer from tax-exempt reserves | 789 | €132,993 | €498,507 | +€365,514 | +274.8% |
| Transfer to tax-exempt reserves | 689 | €336,800 | €336,800 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €735,651 | €1,273,175 | +€537,524 | +73.1% |
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.