KIPED: 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.
KIPED
Largest movements
- Tangible fixed assets -€17,319
down €17,319 (-15.5%), from €112,034 to €94,715
- Debts after one year -€16,454
down €16,454 (-15.1%), from €109,228 to €92,774
- Trade debts -€2,973
down €2,973 (-54.2%), from €5,489 to €2,516
- Other debts +€2,434
up €2,434 (+22.7%), from €10,701 to €13,135
- Current portion of long-term debt +€1,720
up €1,720 (+10.0%), from €17,181 to €18,902
- Gross operating margin +€6,309
up €6,309 (+30.9%), from €20,401 to €26,710
- Financial charges -€881
down €881 (-10.9%), from €8,061 to €7,180
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 | €117,242 | €101,154 | -€16,088 | -13.7% |
| Fixed assets | 21/28 | €112,034 | €94,715 | -€17,319 | -15.5% |
| Tangible fixed assets | 22/27 | €112,034 | €94,715 | -€17,319 | -15.5% |
| Land and buildings | 22 | €112,034 | €94,715 | -€17,319 | -15.5% |
| Current assets | 29/58 | €5,207 | €6,439 | +€1,232 | +23.6% |
| Amounts receivable within one year | 40/41 | €3,357 | €4,363 | +€1,005 | +29.9% |
| Trade receivables | 40 | €3,357 | €4,363 | +€1,005 | +29.9% |
| Cash at bank and in hand | 54/58 | €1,850 | €1,979 | +€129 | +7.0% |
| Deferred charges and accrued income | 490/1 | - | €97 | +€97 | |
| Total equity and liabilities | 10/49 | €117,242 | €101,154 | -€16,088 | -13.7% |
| Equity | 10/15 | -€25,865 | -€26,680 | -€814 | -3.1% |
| Contributions | 10/11 | €13,676 | €13,676 | = | 0.0% |
| Reserves | 13 | €6,874 | €6,874 | = | 0.0% |
| Distributable reserves | 133 | €6,874 | €6,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,415 | -€47,229 | -€814 | -1.8% |
| Amounts payable | 17/49 | €143,107 | €127,834 | -€15,273 | -10.7% |
| Amounts payable after more than one year | 17 | €109,228 | €92,774 | -€16,454 | -15.1% |
| Financial debts | 170/4 | €109,228 | €92,774 | -€16,454 | -15.1% |
| Amounts payable within one year | 42/48 | €33,879 | €35,059 | +€1,181 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €17,181 | €18,902 | +€1,720 | +10.0% |
| Trade debts | 44 | €5,489 | €2,516 | -€2,973 | -54.2% |
| Suppliers | 440/4 | €5,489 | €2,516 | -€2,973 | -54.2% |
| Taxes, remuneration and social security | 45 | €507 | €507 | = | 0.0% |
| Taxes | 450/3 | €507 | €507 | = | 0.0% |
| Other amounts payable | 47/48 | €10,701 | €13,135 | +€2,434 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,426 | €17,319 | -€107 | -0.6% |
| Other operating charges | 640/8 | €2,856 | €3,025 | +€168 | +5.9% |
| Gross operating margin | 9900 | €20,401 | €26,710 | +€6,309 | +30.9% |
| Operating profit (loss) | 9901 | €118 | €6,366 | +€6,248 | +5282.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +50.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +50.0% |
| Financial charges | 65/66B | €8,061 | €7,180 | -€881 | -10.9% |
| Recurring financial charges | 65 | €8,061 | €7,180 | -€881 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,943 | -€814 | +€7,129 | +89.7% |
| Profit (loss) for the period | 9904 | -€7,943 | -€814 | +€7,129 | +89.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,943 | -€814 | +€7,129 | +89.7% |
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 4 October 2026 via checked.be.