Kipe Development: 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.
Kipe Development
Largest movements
- Tangible fixed assets +€49,711
new in 2025: €49,711
- Receivables within one year +€6,439
up €6,439 (+63.1%), from €10,200 to €16,639
of which Other amounts receivable: +€5,079
- Deferred charges and accrued income +€2,003
new in 2025: €2,003
- Reserves +€71,288
new in 2025: €71,288
- Profit (loss) carried forward -€41,320
no longer reported in 2025 (was €41,320)
- Debts after one year +€16,339
new in 2025: €16,339
- Current portion of long-term debt +€8,008
new in 2025: €8,008
- Tax, wage and social debts +€2,121
up €2,121 (+7.6%), from €27,933 to €30,054
of which Taxes: +€4,351
- Gross operating margin -€11,413
down €11,413 (-21.7%), from €52,589 to €41,176
- Taxes -€1,968
down €1,968 (-17.5%), from €11,249 to €9,281
- Depreciation +€1,592
new in 2025: €1,592
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 | €70,488 | €127,778 | +€57,290 | +81.3% |
| Fixed assets | 21/28 | - | €49,711 | +€49,711 | |
| Tangible fixed assets | 22/27 | - | €49,711 | +€49,711 | |
| Furniture and vehicles | 24 | - | €49,711 | +€49,711 | |
| Current assets | 29/58 | €70,488 | €78,066 | +€7,578 | +10.8% |
| Amounts receivable within one year | 40/41 | €10,200 | €16,639 | +€6,439 | +63.1% |
| Trade receivables | 40 | €10,200 | €11,560 | +€1,360 | +13.3% |
| Other amounts receivable | 41 | - | €5,079 | +€5,079 | |
| Cash at bank and in hand | 54/58 | €60,288 | €59,424 | -€864 | -1.4% |
| Deferred charges and accrued income | 490/1 | - | €2,003 | +€2,003 | |
| Total equity and liabilities | 10/49 | €70,488 | €127,778 | +€57,290 | +81.3% |
| Equity | 10/15 | €41,320 | €71,288 | +€29,968 | +72.5% |
| Reserves | 13 | - | €71,288 | +€71,288 | |
| Distributable reserves | 133 | - | €71,288 | +€71,288 | |
| Profit (loss) carried forward | 14 | €41,320 | - | -€41,320 | |
| Amounts payable | 17/49 | €29,168 | €56,490 | +€27,322 | +93.7% |
| Amounts payable after more than one year | 17 | - | €16,339 | +€16,339 | |
| Financial debts | 170/4 | - | €16,339 | +€16,339 | |
| Amounts payable within one year | 42/48 | €29,078 | €40,134 | +€11,056 | +38.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,008 | +€8,008 | |
| Trade debts | 44 | €1,145 | €2,072 | +€927 | +80.9% |
| Suppliers | 440/4 | €1,145 | €2,072 | +€927 | +80.9% |
| Taxes, remuneration and social security | 45 | €27,933 | €30,054 | +€2,121 | +7.6% |
| Taxes | 450/3 | €19,869 | €24,220 | +€4,351 | +21.9% |
| Remuneration and social security | 454/9 | €8,064 | €5,834 | -€2,230 | -27.7% |
| Accrued charges and deferred income | 492/3 | €90 | €17 | -€73 | -80.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,592 | +€1,592 | |
| Gross operating margin | 9900 | €52,589 | €41,176 | -€11,413 | -21.7% |
| Operating profit (loss) | 9901 | €52,589 | €39,584 | -€13,005 | -24.7% |
| Financial charges | 65/66B | €20 | €334 | +€314 | +1570.9% |
| Recurring financial charges | 65 | €20 | €334 | +€314 | +1570.9% |
| Profit (loss) for the period before taxes | 9903 | €52,569 | €39,250 | -€13,319 | -25.3% |
| Income taxes | 67/77 | €11,249 | €9,281 | -€1,968 | -17.5% |
| Profit (loss) for the period | 9904 | €41,320 | €29,968 | -€11,352 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,320 | €29,968 | -€11,352 | -27.5% |
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 5 October 2026 via checked.be.