KIP PSE: 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.
KIP PSE
Largest movements
- Receivables within one year -€110,071
down €110,071 (-60.5%), from €181,958 to €71,887
of which Trade receivables: -€109,071
- Tangible fixed assets +€70,551
up €70,551 (+64.2%), from €109,842 to €180,393
of which Furniture and vehicles: +€61,802
- Intangible fixed assets -€4,000
down €4,000 (-75.0%), from €5,333 to €1,333
- Debts after one year -€25,286
down €25,286 (-10.5%), from €241,508 to €216,222
- Profit (loss) carried forward -€12,009
down €12,009 (-61.3%), from €19,597 to €7,588
- Trade debts -€5,859
down €5,859 (-94.0%), from €6,231 to €372
- Depreciation +€16,413
up €16,413 (+61.8%), from €26,563 to €42,976
- Gross operating margin -€8,891
down €8,891 (-16.8%), from €52,810 to €43,920
- Taxes -€2,801
down €2,801, from €2,598 to -€202
- Financial charges +€2,297
up €2,297 (+22.9%), from €10,015 to €12,312
- Other operating charges -€1,056
down €1,056 (-53.0%), from €1,993 to €937
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 | €328,682 | €284,754 | -€43,927 | -13.4% |
| Fixed assets | 21/28 | €115,175 | €181,726 | +€66,551 | +57.8% |
| Intangible fixed assets | 21 | €5,333 | €1,333 | -€4,000 | -75.0% |
| Tangible fixed assets | 22/27 | €109,842 | €180,393 | +€70,551 | +64.2% |
| Plant, machinery and equipment | 23 | €14,921 | €23,670 | +€8,748 | +58.6% |
| Furniture and vehicles | 24 | €94,921 | €156,723 | +€61,802 | +65.1% |
| Current assets | 29/58 | €213,506 | €103,028 | -€110,478 | -51.7% |
| Amounts receivable within one year | 40/41 | €181,958 | €71,887 | -€110,071 | -60.5% |
| Trade receivables | 40 | €179,559 | €70,488 | -€109,071 | -60.7% |
| Other amounts receivable | 41 | €2,399 | €1,398 | -€1,000 | -41.7% |
| Cash at bank and in hand | 54/58 | €31,549 | €29,115 | -€2,434 | -7.7% |
| Deferred charges and accrued income | 490/1 | - | €2,027 | +€2,027 | |
| Total equity and liabilities | 10/49 | €328,682 | €284,754 | -€43,927 | -13.4% |
| Equity | 10/15 | €22,597 | €10,588 | -€12,009 | -53.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,597 | €7,588 | -€12,009 | -61.3% |
| Amounts payable | 17/49 | €306,085 | €274,166 | -€31,919 | -10.4% |
| Amounts payable after more than one year | 17 | €241,508 | €216,222 | -€25,286 | -10.5% |
| Financial debts | 170/4 | €241,508 | €216,222 | -€25,286 | -10.5% |
| Amounts payable within one year | 42/48 | €64,577 | €57,944 | -€6,633 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €23,828 | €25,403 | +€1,575 | +6.6% |
| Trade debts | 44 | €6,231 | €372 | -€5,859 | -94.0% |
| Suppliers | 440/4 | €6,231 | €372 | -€5,859 | -94.0% |
| Taxes, remuneration and social security | 45 | €4,890 | €2,541 | -€2,348 | -48.0% |
| Taxes | 450/3 | €4,890 | €2,541 | -€2,348 | -48.0% |
| Other amounts payable | 47/48 | €29,628 | €29,628 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,563 | €42,976 | +€16,413 | +61.8% |
| Other operating charges | 640/8 | €1,993 | €937 | -€1,056 | -53.0% |
| Non-recurring operating charges | 66A | €63 | €116 | +€53 | +83.8% |
| Gross operating margin | 9900 | €52,810 | €43,920 | -€8,891 | -16.8% |
| Operating profit (loss) | 9901 | €24,191 | -€109 | -€24,300 | |
| Financial income | 75/76B | - | €211 | +€211 | |
| Recurring financial income | 75 | - | €211 | +€211 | |
| Financial charges | 65/66B | €10,015 | €12,312 | +€2,297 | +22.9% |
| Recurring financial charges | 65 | €10,015 | €12,312 | +€2,297 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €14,176 | -€12,211 | -€26,386 | |
| Income taxes | 67/77 | €2,598 | -€202 | -€2,801 | |
| Profit (loss) for the period | 9904 | €11,577 | -€12,009 | -€23,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,577 | -€12,009 | -€23,586 |
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.