KIPS.be: 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.
KIPS.be
Largest movements
- Receivables within one year -€89,622
down €89,622 (-25.4%), from €352,591 to €262,970
of which Trade receivables: -€77,837
- Tangible fixed assets -€50,268
down €50,268 (-16.7%), from €300,286 to €250,018
of which Land and buildings: -€42,620
- Cash +€40,890
up €40,890 (+175.5%), from €23,305 to €64,195
mainly Receivables within one year (+€89,622) and Depreciation (+€56,177)
- Stocks and contracts -€16,551
down €16,551 (-13.1%), from €125,943 to €109,392
- Deferred charges and accrued income +€10,913
up €10,913 (+190.1%), from €5,740 to €16,653
- Tax, wage and social debts -€61,848
down €61,848 (-77.2%), from €80,070 to €18,223
of which Remuneration and social security: -€42,747
- Debts after one year -€53,497
down €53,497 (-18.9%), from €282,380 to €228,883
- Reserves +€40,126
up €40,126 (+214.8%), from €18,684 to €58,810
of which Distributable reserves: +€40,126
- Trade debts -€24,430
down €24,430 (-15.1%), from €161,922 to €137,492
- Current portion of long-term debt -€9,134
down €9,134 (-14.7%), from €62,293 to €53,160
- Gross operating margin +€46,493
up €46,493 (+7.4%), from €632,450 to €678,943
- Taxes +€16,247
up €16,247 (+242.2%), from €6,707 to €22,954
- Staff costs -€8,808
down €8,808 (-1.7%), from €521,972 to €513,164
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 | €807,865 | €703,228 | -€104,637 | -13.0% |
| Fixed assets | 21/28 | €300,286 | €250,018 | -€50,268 | -16.7% |
| Tangible fixed assets | 22/27 | €300,286 | €250,018 | -€50,268 | -16.7% |
| Land and buildings | 22 | €264,564 | €221,944 | -€42,620 | -16.1% |
| Plant, machinery and equipment | 23 | €18,427 | €15,648 | -€2,778 | -15.1% |
| Furniture and vehicles | 24 | €17,295 | €12,425 | -€4,870 | -28.2% |
| Current assets | 29/58 | €507,579 | €453,210 | -€54,369 | -10.7% |
| Stocks and contracts in progress | 3 | €125,943 | €109,392 | -€16,551 | -13.1% |
| Stocks | 30/36 | €125,943 | €109,392 | -€16,551 | -13.1% |
| Amounts receivable within one year | 40/41 | €352,591 | €262,970 | -€89,622 | -25.4% |
| Trade receivables | 40 | €281,098 | €203,262 | -€77,837 | -27.7% |
| Other amounts receivable | 41 | €71,493 | €59,708 | -€11,785 | -16.5% |
| Cash at bank and in hand | 54/58 | €23,305 | €64,195 | +€40,890 | +175.5% |
| Deferred charges and accrued income | 490/1 | €5,740 | €16,653 | +€10,913 | +190.1% |
| Total equity and liabilities | 10/49 | €807,865 | €703,228 | -€104,637 | -13.0% |
| Equity | 10/15 | €37,284 | €77,410 | +€40,126 | +107.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,684 | €58,810 | +€40,126 | +214.8% |
| Tax-exempt reserves | 132 | €82 | €82 | = | 0.0% |
| Distributable reserves | 133 | €18,602 | €58,728 | +€40,126 | +215.7% |
| Amounts payable | 17/49 | €770,581 | €625,818 | -€144,763 | -18.8% |
| Amounts payable after more than one year | 17 | €282,380 | €228,883 | -€53,497 | -18.9% |
| Financial debts | 170/4 | €282,380 | €228,883 | -€53,497 | -18.9% |
| Amounts payable within one year | 42/48 | €488,201 | €396,935 | -€91,266 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €62,293 | €53,160 | -€9,134 | -14.7% |
| Financial debts | 43 | €176,560 | €180,927 | +€4,367 | +2.5% |
| Credit institutions | 430/8 | €176,560 | €180,927 | +€4,367 | +2.5% |
| Trade debts | 44 | €161,922 | €137,492 | -€24,430 | -15.1% |
| Suppliers | 440/4 | €161,922 | €137,492 | -€24,430 | -15.1% |
| Taxes, remuneration and social security | 45 | €80,070 | €18,223 | -€61,848 | -77.2% |
| Taxes | 450/3 | €19,100 | - | -€19,100 | |
| Remuneration and social security | 454/9 | €60,970 | €18,223 | -€42,747 | -70.1% |
| Other amounts payable | 47/48 | €7,355 | €7,134 | -€221 | -3.0% |
| Remuneration, social security and pensions | 62 | €521,972 | €513,164 | -€8,808 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,710 | €56,177 | +€1,467 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,221 | -€1,259 | -€38 | -3.1% |
| Other operating charges | 640/8 | €15,364 | €11,114 | -€4,250 | -27.7% |
| Gross operating margin | 9900 | €632,450 | €678,943 | +€46,493 | +7.4% |
| Operating profit (loss) | 9901 | €41,625 | €99,748 | +€58,122 | +139.6% |
| Financial income | 75/76B | €769 | €1,279 | +€509 | +66.2% |
| Recurring financial income | 75 | €769 | €1,279 | +€509 | +66.2% |
| Financial charges | 65/66B | €42,913 | €37,946 | -€4,966 | -11.6% |
| Recurring financial charges | 65 | €42,913 | €37,946 | -€4,966 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€519 | €63,080 | +€63,598 | |
| Income taxes | 67/77 | €6,707 | €22,954 | +€16,247 | +242.2% |
| Profit (loss) for the period | 9904 | -€7,226 | €40,126 | +€47,352 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,226 | €40,126 | +€47,352 |
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 7 October 2026 via checked.be.