KIPLAMA: 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.
What changed
KIPLAMA
NACE 46.322, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €1.8m-€72,580
Equity
€11.7m
2024 · €10.4m+€1.3m
Cash
€1.3m
2024 · €772,760+€525,257
Balance sheet total
€19.8m
2024 · €17.5m+€2.3m
Largest movements
Assets
- Receivables within one year +€930,489
up €930,489 (+10.1%), from €9.2m to €10.1m
of which Trade receivables: +€928,225
- Tangible fixed assets +€844,856
up €844,856 (+35.9%), from €2.4m to €3.2m
of which Land and buildings: +€655,191
- Cash +€525,257
up €525,257 (+68.0%), from €772,760 to €1.3m
mainly Net result for the year (+€1.7m) and Trade debts (+€822,449)
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+19.4%), from €6.9m to €8.2m
of which Distributable reserves: +€1.3m
- Trade debts +€822,449
up €822,449 (+12.7%), from €6.5m to €7.3m
Income statement
- Turnover +€16.2m
up €16.2m (+28.4%), from €57.2m to €73.4m
- Goods and materials +€15.5m
up €15.5m (+30.1%), from €51.5m to €67.1m
of which Purchases: +€15.2m
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.
Result 2024
€1.8m
Turnover
+€16.2m
Other operating income
+€143,481
Goods and materials
-€15.5m
Services and other goods
-€193,543
Staff costs
-€178,116
Depreciation
-€157,087
Write-downs
-€314,506
Other operating charges
-€27,155
Financial income
+€15,744
Financial charges
-€1,619
Taxes
-€59,028
Result 2025
€1.7m
raises the resultlowers the result
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.
From operations
+€2.4m
Investment
-€1.5m
Financing
-€350,122
Cash 2024
€772,760
From operations (derived)
+€2.4m
Net result for the year
+€1.7m
Depreciation
+€537,313
Stocks and contracts
-€3,018
Receivables within one year
-€930,489
Deferred charges and accrued income
+€120,713
Trade debts
+€822,449
Tax, wage and social debts
+€123,175
Accrued charges and deferred income
+€7,138
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.4m
Current investments
-€101,014
Financing
-€350,122
Contributions, distributions and other
-€350,122
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,494,922 | €19,775,594 | +€2.3m | +13.0% |
| Fixed assets | 21/28 | €2,406,353 | €3,247,959 | +€841,606 | +35.0% |
| Intangible fixed assets | 21 | €7,958 | €4,439 | -€3,520 | -44.2% |
| Tangible fixed assets | 22/27 | €2,353,915 | €3,198,771 | +€844,856 | +35.9% |
| Land and buildings | 22 | €1,207,720 | €1,862,911 | +€655,191 | +54.3% |
| Plant, machinery and equipment | 23 | €70,316 | €66,778 | -€3,538 | -5.0% |
| Furniture and vehicles | 24 | €1,071,671 | €1,269,082 | +€197,411 | +18.4% |
| Assets under construction and advance payments | 27 | €4,207 | €0 | -€4,207 | -100% |
| Financial fixed assets | 28 | €44,479 | €44,749 | +€270 | +0.6% |
| Affiliated companies | 280/1 | €18,195 | €18,195 | = | 0.0% |
| Participating interests | 280 | €18,195 | €18,195 | = | 0.0% |
| Other financial fixed assets | 284/8 | €26,284 | €26,554 | +€270 | +1.0% |
| Amounts receivable and cash guarantees | 285/8 | €26,284 | €26,554 | +€270 | +1.0% |
| Current assets | 29/58 | €15,088,570 | €16,527,635 | +€1.4m | +9.5% |
| Stocks and contracts in progress | 3 | €1,018,628 | €1,021,647 | +€3,018 | +0.3% |
| Stocks | 30/36 | €1,018,628 | €1,021,647 | +€3,018 | +0.3% |
| Goods purchased for resale | 34 | €1,018,628 | €1,021,647 | +€3,018 | +0.3% |
| Amounts receivable within one year | 40/41 | €9,197,959 | €10,128,448 | +€930,489 | +10.1% |
| Trade receivables | 40 | €9,155,102 | €10,083,327 | +€928,225 | +10.1% |
| Other amounts receivable | 41 | €42,857 | €45,121 | +€2,264 | +5.3% |
| Current investments | 50/53 | €3,900,000 | €4,001,014 | +€101,014 | +2.6% |
| Other investments | 51/53 | €3,900,000 | €4,001,014 | +€101,014 | +2.6% |
| Cash at bank and in hand | 54/58 | €772,760 | €1,298,017 | +€525,257 | +68.0% |
| Deferred charges and accrued income | 490/1 | €199,223 | €78,509 | -€120,713 | -60.6% |
| Total equity and liabilities | 10/49 | €17,494,922 | €19,775,594 | +€2.3m | +13.0% |
| Equity | 10/15 | €10,351,330 | €11,679,239 | +€1.3m | +12.8% |
| Contributions | 10/11 | €998,705 | €998,705 | = | 0.0% |
| Capital | 10 | €998,705 | €998,705 | = | 0.0% |
| Issued capital | 100 | €998,705 | €998,705 | = | 0.0% |
| Revaluation surpluses | 12 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €6,852,625 | €8,180,533 | +€1.3m | +19.4% |
| Non-distributable reserves | 130/1 | €99,871 | €99,871 | = | 0.0% |
| Legal reserve | 130 | €99,871 | €99,871 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,738 | €126,738 | = | 0.0% |
| Distributable reserves | 133 | €6,626,016 | €7,953,925 | +€1.3m | +20.0% |
| Amounts payable | 17/49 | €7,143,592 | €8,096,355 | +€952,763 | +13.3% |
| Amounts payable within one year | 42/48 | €7,134,664 | €8,080,288 | +€945,625 | +13.3% |
| Trade debts | 44 | €6,459,314 | €7,281,764 | +€822,449 | +12.7% |
| Suppliers | 440/4 | €6,459,314 | €7,281,764 | +€822,449 | +12.7% |
| Taxes, remuneration and social security | 45 | €675,349 | €798,525 | +€123,175 | +18.2% |
| Taxes | 450/3 | €453,505 | €602,994 | +€149,488 | +33.0% |
| Remuneration and social security | 454/9 | €221,844 | €195,531 | -€26,313 | -11.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €8,929 | €16,067 | +€7,138 | +79.9% |
| Operating income | 70/76A | €57,426,532 | €73,784,581 | +€16.4m | +28.5% |
| Turnover | 70 | €57,182,022 | €73,396,591 | +€16.2m | +28.4% |
| Other operating income | 74 | €244,510 | €387,990 | +€143,481 | +58.7% |
| Operating charges | 60/66A | €55,241,525 | €71,627,252 | +€16.4m | +29.7% |
| Goods for resale, raw materials and consumables | 60 | €51,546,188 | €67,061,509 | +€15.5m | +30.1% |
| Purchases | 600/8 | €51,899,674 | €67,146,239 | +€15.2m | +29.4% |
| Change in stocks: decrease (increase) | 609 | -€353,486 | -€84,730 | +€268,755 | +76.0% |
| Services and other goods | 61 | €1,815,976 | €2,009,519 | +€193,543 | +10.7% |
| Remuneration, social security and pensions | 62 | €1,503,633 | €1,681,749 | +€178,116 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €380,226 | €537,313 | +€157,087 | +41.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€186,397 | €128,109 | +€314,506 | |
| Other operating charges | 640/8 | €181,898 | €209,053 | +€27,155 | +14.9% |
| Operating profit (loss) | 9901 | €2,185,007 | €2,157,329 | -€27,678 | -1.3% |
| Financial income | 75/76B | €139,974 | €155,718 | +€15,744 | +11.2% |
| Recurring financial income | 75 | €139,974 | €155,718 | +€15,744 | +11.2% |
| Income from current assets | 751 | €138,881 | €155,679 | +€16,797 | +12.1% |
| Other financial income | 752/9 | €1,093 | €40 | -€1,053 | -96.4% |
| Financial charges | 65/66B | €3,345 | €4,964 | +€1,619 | +48.4% |
| Recurring financial charges | 65 | €3,345 | €4,964 | +€1,619 | +48.4% |
| Debt charges | 650 | €0 | - | = | |
| Other financial charges | 652/9 | €3,345 | €4,964 | +€1,619 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €2,321,636 | €2,308,084 | -€13,552 | -0.6% |
| Income taxes | 67/77 | €571,025 | €630,053 | +€59,028 | +10.3% |
| Taxes | 670/3 | €571,025 | €630,053 | +€59,028 | +10.3% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €0 | -€0 | -100% |
| Profit (loss) for the period | 9904 | €1,750,611 | €1,678,031 | -€72,580 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,750,611 | €1,678,031 | -€72,580 | -4.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.