KIMO PARTNERS: 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.
KIMO PARTNERS
Largest movements
- Cash +€126,596
up €126,596 (+62.5%), from €202,574 to €329,170
mainly Tax, wage and social debts (+€74,159) and Depreciation (+€72,372)
- Tangible fixed assets +€76,204
up €76,204 (+43.7%), from €174,272 to €250,475
of which Furniture and vehicles: +€41,297
- Intangible fixed assets -€25,658
no longer reported in 2025 (was €25,658)
- Tax, wage and social debts +€74,159
up €74,159 (+85.6%), from €86,612 to €160,771
of which Taxes: +€40,931
- Trade debts +€66,895
up €66,895 (+206.7%), from €32,366 to €99,261
- Reserves +€42,778
up €42,778 (+27.6%), from €154,801 to €197,579
- Staff costs +€116,440
up €116,440 (+17.6%), from €662,270 to €778,710
- Gross operating margin +€105,376
up €105,376 (+12.8%), from €823,178 to €928,554
- Depreciation -€20,608
down €20,608 (-22.2%), from €92,980 to €72,372
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 | €427,175 | €608,312 | +€181,137 | +42.4% |
| Fixed assets | 21/28 | €210,529 | €261,075 | +€50,546 | +24.0% |
| Intangible fixed assets | 21 | €25,658 | - | -€25,658 | |
| Tangible fixed assets | 22/27 | €174,272 | €250,475 | +€76,204 | +43.7% |
| Land and buildings | 22 | €4,993 | €4,364 | -€629 | -12.6% |
| Plant, machinery and equipment | 23 | €64,152 | €84,977 | +€20,825 | +32.5% |
| Furniture and vehicles | 24 | €33,982 | €75,279 | +€41,297 | +121.5% |
| Other tangible fixed assets | 26 | €71,144 | €85,856 | +€14,711 | +20.7% |
| Financial fixed assets | 28 | €10,600 | €10,600 | = | 0.0% |
| Current assets | 29/58 | €216,646 | €347,237 | +€130,591 | +60.3% |
| Stocks and contracts in progress | 3 | €1,793 | €1,793 | = | 0.0% |
| Stocks | 30/36 | €1,793 | €1,793 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,909 | €16,275 | +€5,365 | +49.2% |
| Trade receivables | 40 | €4,896 | - | -€4,896 | |
| Other amounts receivable | 41 | €6,014 | €16,275 | +€10,261 | +170.6% |
| Cash at bank and in hand | 54/58 | €202,574 | €329,170 | +€126,596 | +62.5% |
| Deferred charges and accrued income | 490/1 | €1,370 | - | -€1,370 | |
| Total equity and liabilities | 10/49 | €427,175 | €608,312 | +€181,137 | +42.4% |
| Equity | 10/15 | €164,801 | €207,579 | +€42,778 | +26.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €154,801 | €197,579 | +€42,778 | +27.6% |
| Distributable reserves | 133 | €154,801 | €197,579 | +€42,778 | +27.6% |
| Amounts payable | 17/49 | €262,374 | €400,734 | +€138,360 | +52.7% |
| Amounts payable after more than one year | 17 | €61,068 | €58,555 | -€2,513 | -4.1% |
| Financial debts | 170/4 | €61,068 | €58,555 | -€2,513 | -4.1% |
| Amounts payable within one year | 42/48 | €201,306 | €342,178 | +€140,872 | +70.0% |
| Current portion of amounts payable after more than one year | 42 | €82,328 | €82,146 | -€182 | -0.2% |
| Trade debts | 44 | €32,366 | €99,261 | +€66,895 | +206.7% |
| Suppliers | 440/4 | €32,366 | €99,261 | +€66,895 | +206.7% |
| Taxes, remuneration and social security | 45 | €86,612 | €160,771 | +€74,159 | +85.6% |
| Taxes | 450/3 | €34,633 | €75,564 | +€40,931 | +118.2% |
| Remuneration and social security | 454/9 | €51,979 | €85,207 | +€33,228 | +63.9% |
| Remuneration, social security and pensions | 62 | €662,270 | €778,710 | +€116,440 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,980 | €72,372 | -€20,608 | -22.2% |
| Other operating charges | 640/8 | €5,246 | €6,305 | +€1,059 | +20.2% |
| Gross operating margin | 9900 | €823,178 | €928,554 | +€105,376 | +12.8% |
| Operating profit (loss) | 9901 | €62,681 | €71,166 | +€8,485 | +13.5% |
| Financial income | 75/76B | €292 | €162 | -€129 | -44.3% |
| Recurring financial income | 75 | €292 | €162 | -€129 | -44.3% |
| Financial charges | 65/66B | €16,945 | €17,845 | +€900 | +5.3% |
| Recurring financial charges | 65 | €15,154 | €17,845 | +€2,691 | +17.8% |
| Non-recurring financial charges | 66B | €1,790 | - | -€1,790 | |
| Profit (loss) for the period before taxes | 9903 | €46,028 | €53,484 | +€7,455 | +16.2% |
| Income taxes | 67/77 | €10,851 | €10,706 | -€145 | -1.3% |
| Profit (loss) for the period | 9904 | €35,177 | €42,778 | +€7,600 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,177 | €42,778 | +€7,600 | +21.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.