KIP & HIP: 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.
KIP & HIP
Largest movements
- Receivables within one year +€14,673
up €14,673 (+138%), from €10,599 to €25,272
of which Trade receivables: +€13,944
- Stocks and contracts -€3,530
down €3,530 (-67.3%), from €5,245 to €1,715
- Deferred charges and accrued income -€630
no longer reported in 2025 (was €630)
- Tangible fixed assets +€482
up €482 (+12.5%), from €3,853 to €4,335
- Profit (loss) carried forward +€18,580
up €18,580 (+20.6%), from -€90,231 to -€71,651
- Trade debts -€11,164
down €11,164 (-36.7%), from €30,443 to €19,279
- Advances received +€8,845
new in 2025: €8,845
- Accrued charges and deferred income -€5,291
no longer reported in 2025 (was €5,291)
- Tax, wage and social debts -€807
down €807 (-23.1%), from €3,492 to €2,685
- Gross operating margin +€16,927
up €16,927 (+36.8%), from €46,046 to €62,974
- Staff costs +€3,384
up €3,384 (+9.0%), from €37,679 to €41,062
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.
Derived cash bridge
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 | €36,994 | €47,849 | +€10,855 | +29.3% |
| Fixed assets | 21/28 | €4,361 | €4,594 | +€232 | +5.3% |
| Intangible fixed assets | 21 | €509 | €259 | -€250 | -49.1% |
| Tangible fixed assets | 22/27 | €3,853 | €4,335 | +€482 | +12.5% |
| Plant, machinery and equipment | 23 | €3,853 | €4,335 | +€482 | +12.5% |
| Current assets | 29/58 | €32,632 | €43,255 | +€10,623 | +32.6% |
| Stocks and contracts in progress | 3 | €5,245 | €1,715 | -€3,530 | -67.3% |
| Stocks | 30/36 | €5,245 | €1,715 | -€3,530 | -67.3% |
| Amounts receivable within one year | 40/41 | €10,599 | €25,272 | +€14,673 | +138% |
| Trade receivables | 40 | €2,247 | €16,192 | +€13,944 | +620% |
| Other amounts receivable | 41 | €8,351 | €9,080 | +€729 | +8.7% |
| Cash at bank and in hand | 54/58 | €16,159 | €16,268 | +€109 | +0.7% |
| Deferred charges and accrued income | 490/1 | €630 | - | -€630 | |
| Total equity and liabilities | 10/49 | €36,994 | €47,849 | +€10,855 | +29.3% |
| Equity | 10/15 | -€2,231 | €16,349 | +€18,580 | |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Contributions outside capital | 11 | €80,000 | - | -€80,000 | |
| Other | 1109/19 | €80,000 | - | -€80,000 | |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,231 | -€71,651 | +€18,580 | +20.6% |
| Amounts payable | 17/49 | €39,225 | €31,500 | -€7,725 | -19.7% |
| Amounts payable within one year | 42/48 | €33,934 | €31,500 | -€2,434 | -7.2% |
| Trade debts | 44 | €30,443 | €19,279 | -€11,164 | -36.7% |
| Suppliers | 440/4 | €30,443 | €19,279 | -€11,164 | -36.7% |
| Advances received on contracts in progress | 46 | - | €8,845 | +€8,845 | |
| Taxes, remuneration and social security | 45 | €3,492 | €2,685 | -€807 | -23.1% |
| Remuneration and social security | 454/9 | €3,492 | €2,685 | -€807 | -23.1% |
| Other amounts payable | 47/48 | €0 | €692 | +€692 | |
| Accrued charges and deferred income | 492/3 | €5,291 | - | -€5,291 | |
| Remuneration, social security and pensions | 62 | €37,679 | €41,062 | +€3,384 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,853 | €1,918 | +€65 | +3.5% |
| Other operating charges | 640/8 | €815 | €307 | -€509 | -62.4% |
| Gross operating margin | 9900 | €46,046 | €62,974 | +€16,927 | +36.8% |
| Operating profit (loss) | 9901 | €5,699 | €19,687 | +€13,987 | +245% |
| Financial income | 75/76B | €506 | €38 | -€468 | -92.5% |
| Recurring financial income | 75 | €506 | €38 | -€468 | -92.5% |
| Financial charges | 65/66B | €946 | €1,145 | +€200 | +21.1% |
| Recurring financial charges | 65 | €946 | €1,145 | +€200 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €5,260 | €18,580 | +€13,320 | +253% |
| Profit (loss) for the period | 9904 | €5,260 | €18,580 | +€13,320 | +253% |
| Profit (loss) for the period to be appropriated | 9905 | €5,260 | €18,580 | +€13,320 | +253% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.