KIPLAND: 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.
KIPLAND
Largest movements
- Cash +€427,861
up €427,861 (+201%), from €212,702 to €640,563
mainly Short-term financial debts (+€175,000) and Depreciation (+€167,955)
- Tangible fixed assets +€360,231
up €360,231 (+23.1%), from €1.6m to €1.9m
of which Plant, machinery and equipment: +€200,855
- Stocks and contracts -€132,194
down €132,194 (-59.6%), from €221,899 to €89,705
- Receivables within one year -€65,281
down €65,281 (-13.1%), from €499,873 to €434,592
of which Trade receivables: -€96,528
- Short-term financial debts +€175,000
new in 2025: €175,000
- Other debts +€158,719
up €158,719 (+39.7%), from €399,538 to €558,257
- Debts after one year +€150,007
up €150,007 (+13.3%), from €1.1m to €1.3m
- Trade debts +€78,044
up €78,044 (+14.9%), from €522,229 to €600,272
- Depreciation +€46,998
up €46,998 (+38.9%), from €120,957 to €167,955
- Gross operating margin -€39,873
down €39,873 (-13.7%), from €290,919 to €251,046
- Financial charges +€29,571
up €29,571 (+146%), from €20,196 to €49,768
- Staff costs -€9,671
down €9,671 (-67.8%), from €14,256 to €4,585
- Taxes -€9,355
down €9,355 (-97.1%), from €9,636 to €282
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 | €2,493,915 | €3,084,530 | +€590,615 | +23.7% |
| Fixed assets | 21/28 | €1,559,440 | €1,919,671 | +€360,231 | +23.1% |
| Tangible fixed assets | 22/27 | €1,559,440 | €1,919,671 | +€360,231 | +23.1% |
| Land and buildings | 22 | €920,149 | €924,605 | +€4,456 | +0.5% |
| Plant, machinery and equipment | 23 | €382,115 | €582,970 | +€200,855 | +52.6% |
| Furniture and vehicles | 24 | €257,176 | €412,096 | +€154,920 | +60.2% |
| Current assets | 29/58 | €934,475 | €1,164,859 | +€230,385 | +24.7% |
| Stocks and contracts in progress | 3 | €221,899 | €89,705 | -€132,194 | -59.6% |
| Stocks | 30/36 | €221,899 | €89,705 | -€132,194 | -59.6% |
| Amounts receivable within one year | 40/41 | €499,873 | €434,592 | -€65,281 | -13.1% |
| Trade receivables | 40 | €457,380 | €360,852 | -€96,528 | -21.1% |
| Other amounts receivable | 41 | €42,493 | €73,740 | +€31,247 | +73.5% |
| Cash at bank and in hand | 54/58 | €212,702 | €640,563 | +€427,861 | +201% |
| Total equity and liabilities | 10/49 | €2,493,915 | €3,084,530 | +€590,615 | +23.7% |
| Equity | 10/15 | €283,382 | €299,341 | +€15,959 | +5.6% |
| Contributions | 10/11 | €64,012 | €64,012 | = | 0.0% |
| Reserves | 13 | €6,099 | €6,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,099 | €6,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,141 | €228,777 | +€16,636 | +7.8% |
| Investment grants | 15 | €1,131 | €454 | -€677 | -59.9% |
| Amounts payable | 17/49 | €2,210,533 | €2,785,189 | +€574,656 | +26.0% |
| Amounts payable after more than one year | 17 | €1,126,996 | €1,277,003 | +€150,007 | +13.3% |
| Financial debts | 170/4 | €1,126,996 | €1,277,003 | +€150,007 | +13.3% |
| Amounts payable within one year | 42/48 | €1,083,537 | €1,508,186 | +€424,649 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €151,265 | €174,375 | +€23,109 | +15.3% |
| Financial debts | 43 | - | €175,000 | +€175,000 | |
| Credit institutions | 430/8 | - | €175,000 | +€175,000 | |
| Trade debts | 44 | €522,229 | €600,272 | +€78,044 | +14.9% |
| Suppliers | 440/4 | €522,229 | €600,272 | +€78,044 | +14.9% |
| Taxes, remuneration and social security | 45 | €10,505 | €282 | -€10,223 | -97.3% |
| Taxes | 450/3 | €10,505 | €282 | -€10,223 | -97.3% |
| Other amounts payable | 47/48 | €399,538 | €558,257 | +€158,719 | +39.7% |
| Remuneration, social security and pensions | 62 | €14,256 | €4,585 | -€9,671 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,957 | €167,955 | +€46,998 | +38.9% |
| Other operating charges | 640/8 | €7,125 | €12,506 | +€5,381 | +75.5% |
| Gross operating margin | 9900 | €290,919 | €251,046 | -€39,873 | -13.7% |
| Operating profit (loss) | 9901 | €148,581 | €66,001 | -€82,580 | -55.6% |
| Financial income | 75/76B | €2,481 | €685 | -€1,796 | -72.4% |
| Recurring financial income | 75 | €2,481 | €685 | -€1,796 | -72.4% |
| Financial charges | 65/66B | €20,196 | €49,768 | +€29,571 | +146% |
| Recurring financial charges | 65 | €20,196 | €49,768 | +€29,571 | +146% |
| Profit (loss) for the period before taxes | 9903 | €130,865 | €16,918 | -€113,947 | -87.1% |
| Transfer from deferred taxes | 780 | €673 | - | -€673 | |
| Income taxes | 67/77 | €9,636 | €282 | -€9,355 | -97.1% |
| Profit (loss) for the period | 9904 | €121,902 | €16,636 | -€105,265 | -86.4% |
| Transfer from tax-exempt reserves | 789 | €1,307 | - | -€1,307 | |
| Profit (loss) for the period to be appropriated | 9905 | €123,209 | €16,636 | -€106,572 | -86.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.