KIPS BAY: 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.
KIPS BAY
Largest movements
- Cash -€72,856
down €72,856 (-57.0%), from €127,908 to €55,052
mainly Contributions, distributions and other (-€50,000) and Other debts (-€40,723)
- Receivables within one year +€13,733
up €13,733 (+43.0%), from €31,928 to €45,661
of which Trade receivables: +€8,849
- Other debts -€40,723
down €40,723 (-44.3%), from €92,000 to €51,277
- Tax, wage and social debts -€24,499
down €24,499 (-51.0%), from €48,045 to €23,545
- Trade debts +€3,503
up €3,503 (+267%), from €1,311 to €4,814
- Gross operating margin -€17,332
down €17,332 (-20.2%), from €85,650 to €68,318
- Taxes -€10,848
down €10,848 (-43.6%), from €24,885 to €14,037
- Write-downs +€3,338
up €3,338, from -€2,565 to €773
- Depreciation -€2,469
down €2,469 (-64.5%), from €3,825 to €1,356
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 | €162,285 | €101,825 | -€60,460 | -37.3% |
| Fixed assets | 21/28 | €1,615 | €259 | -€1,356 | -84.0% |
| Tangible fixed assets | 22/27 | €1,615 | €259 | -€1,356 | -84.0% |
| Furniture and vehicles | 24 | €1,615 | €259 | -€1,356 | -84.0% |
| Current assets | 29/58 | €160,670 | €101,566 | -€59,104 | -36.8% |
| Amounts receivable within one year | 40/41 | €31,928 | €45,661 | +€13,733 | +43.0% |
| Trade receivables | 40 | €30,812 | €39,661 | +€8,849 | +28.7% |
| Other amounts receivable | 41 | €1,116 | €6,000 | +€4,884 | +438% |
| Cash at bank and in hand | 54/58 | €127,908 | €55,052 | -€72,856 | -57.0% |
| Deferred charges and accrued income | 490/1 | €834 | €853 | +€19 | +2.3% |
| Total equity and liabilities | 10/49 | €162,285 | €101,825 | -€60,460 | -37.3% |
| Equity | 10/15 | €20,929 | €22,188 | +€1,259 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,329 | €3,588 | +€1,259 | +54.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €469 | €1,728 | +€1,259 | +268% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €141,356 | €79,637 | -€61,719 | -43.7% |
| Amounts payable within one year | 42/48 | €141,356 | €79,637 | -€61,719 | -43.7% |
| Trade debts | 44 | €1,311 | €4,814 | +€3,503 | +267% |
| Suppliers | 440/4 | €1,311 | €4,814 | +€3,503 | +267% |
| Taxes, remuneration and social security | 45 | €48,045 | €23,545 | -€24,499 | -51.0% |
| Taxes | 450/3 | €48,045 | €23,545 | -€24,499 | -51.0% |
| Other amounts payable | 47/48 | €92,000 | €51,277 | -€40,723 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,825 | €1,356 | -€2,469 | -64.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,565 | €773 | +€3,338 | |
| Other operating charges | 640/8 | €844 | €858 | +€14 | +1.7% |
| Gross operating margin | 9900 | €85,650 | €68,318 | -€17,332 | -20.2% |
| Operating profit (loss) | 9901 | €83,547 | €65,331 | -€18,216 | -21.8% |
| Financial income | 75/76B | €0 | €9 | +€9 | +17,900% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +17,900% |
| Financial charges | 65/66B | €62 | €44 | -€18 | -28.4% |
| Recurring financial charges | 65 | €62 | €44 | -€18 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €83,485 | €65,295 | -€18,190 | -21.8% |
| Income taxes | 67/77 | €24,885 | €14,037 | -€10,848 | -43.6% |
| Profit (loss) for the period | 9904 | €58,600 | €51,259 | -€7,342 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,600 | €51,259 | -€7,342 | -12.5% |
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.