KIPPEKONING II: 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.
KIPPEKONING II
Largest movements
- Receivables within one year -€50,858
down €50,858 (-8.4%), from €608,470 to €557,612
of which Other amounts receivable: -€77,941
- Tangible fixed assets -€16,548
down €16,548 (-64.7%), from €25,579 to €9,032
of which Furniture and vehicles: -€11,431
- Cash -€13,155
down €13,155 (-71.6%), from €18,365 to €5,210
mainly Trade debts (-€68,388) and Tax, wage and social debts (-€52,548)
- Intangible fixed assets -€9,413
down €9,413 (-17.2%), from €54,631 to €45,217
- Trade debts -€68,388
down €68,388 (-27.4%), from €249,296 to €180,909
- Tax, wage and social debts -€52,548
down €52,548 (-47.7%), from €110,220 to €57,672
of which Taxes: -€42,159
- Reserves +€34,442
up €34,442 (+11.9%), from €288,334 to €322,776
- Short-term financial debts +€10,910
up €10,910 (+22.9%), from €47,638 to €58,548
- Gross operating margin -€124,240
down €124,240 (-44.1%), from €281,582 to €157,343
- Taxes -€26,555
down €26,555 (-64.4%), from €41,260 to €14,705
- Depreciation -€24,768
down €24,768 (-48.8%), from €50,729 to €25,961
- Staff costs -€4,286
down €4,286 (-5.1%), from €84,174 to €79,888
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 | €718,024 | €630,765 | -€87,260 | -12.2% |
| Fixed assets | 21/28 | €80,210 | €55,749 | -€24,461 | -30.5% |
| Intangible fixed assets | 21 | €54,631 | €45,217 | -€9,413 | -17.2% |
| Tangible fixed assets | 22/27 | €25,579 | €9,032 | -€16,548 | -64.7% |
| Plant, machinery and equipment | 23 | €7,723 | €2,607 | -€5,116 | -66.2% |
| Furniture and vehicles | 24 | €17,856 | €6,425 | -€11,431 | -64.0% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €637,815 | €575,016 | -€62,799 | -9.8% |
| Stocks and contracts in progress | 3 | €7,294 | €8,482 | +€1,188 | +16.3% |
| Stocks | 30/36 | €7,294 | €8,482 | +€1,188 | +16.3% |
| Amounts receivable within one year | 40/41 | €608,470 | €557,612 | -€50,858 | -8.4% |
| Trade receivables | 40 | €8,337 | €35,420 | +€27,083 | +325% |
| Other amounts receivable | 41 | €600,133 | €522,192 | -€77,941 | -13.0% |
| Cash at bank and in hand | 54/58 | €18,365 | €5,210 | -€13,155 | -71.6% |
| Deferred charges and accrued income | 490/1 | €3,685 | €3,712 | +€27 | +0.7% |
| Total equity and liabilities | 10/49 | €718,024 | €630,765 | -€87,260 | -12.2% |
| Equity | 10/15 | €293,334 | €327,776 | +€34,442 | +11.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €288,334 | €322,776 | +€34,442 | +11.9% |
| Distributable reserves | 133 | €288,334 | €322,776 | +€34,442 | +11.9% |
| Amounts payable | 17/49 | €424,691 | €302,989 | -€121,702 | -28.7% |
| Amounts payable after more than one year | 17 | €5,666 | - | -€5,666 | |
| Financial debts | 170/4 | €5,666 | - | -€5,666 | |
| Amounts payable within one year | 42/48 | €419,024 | €302,795 | -€116,229 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €11,870 | €5,666 | -€6,204 | -52.3% |
| Financial debts | 43 | €47,638 | €58,548 | +€10,910 | +22.9% |
| Credit institutions | 430/8 | €47,638 | €58,548 | +€10,910 | +22.9% |
| Trade debts | 44 | €249,296 | €180,909 | -€68,388 | -27.4% |
| Suppliers | 440/4 | €249,296 | €180,909 | -€68,388 | -27.4% |
| Taxes, remuneration and social security | 45 | €110,220 | €57,672 | -€52,548 | -47.7% |
| Taxes | 450/3 | €89,270 | €47,111 | -€42,159 | -47.2% |
| Remuneration and social security | 454/9 | €20,950 | €10,562 | -€10,389 | -49.6% |
| Accrued charges and deferred income | 492/3 | - | €193 | +€193 | |
| Remuneration, social security and pensions | 62 | €84,174 | €79,888 | -€4,286 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,729 | €25,961 | -€24,768 | -48.8% |
| Other operating charges | 640/8 | €2,292 | €1,383 | -€909 | -39.7% |
| Non-recurring operating charges | 66A | €310 | - | -€310 | |
| Gross operating margin | 9900 | €281,582 | €157,343 | -€124,240 | -44.1% |
| Operating profit (loss) | 9901 | €144,077 | €50,111 | -€93,966 | -65.2% |
| Financial income | 75/76B | €13,129 | €11,084 | -€2,046 | -15.6% |
| Recurring financial income | 75 | €13,129 | €11,084 | -€2,046 | -15.6% |
| Financial charges | 65/66B | €9,653 | €12,047 | +€2,394 | +24.8% |
| Recurring financial charges | 65 | €9,653 | €12,047 | +€2,394 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €147,554 | €49,147 | -€98,406 | -66.7% |
| Income taxes | 67/77 | €41,260 | €14,705 | -€26,555 | -64.4% |
| Profit (loss) for the period | 9904 | €106,293 | €34,442 | -€71,851 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €106,293 | €34,442 | -€71,851 | -67.6% |
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 23 October 2026 via checked.be.