KIPS GEERT: 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 GEERT
Largest movements
- Tangible fixed assets -€20,305
down €20,305 (-32.4%), from €62,671 to €42,366
of which Furniture and vehicles: -€16,781
- Receivables within one year +€19,545
up €19,545 (+56.2%), from €34,800 to €54,345
of which Other amounts receivable: +€11,929
- Cash +€8,958
up €8,958 (+84.5%), from €10,607 to €19,565
mainly Net result for the year (+€30,598) and Depreciation (+€20,705)
- Reserves +€30,598
up €30,598 (+99.3%), from €30,810 to €61,408
of which Distributable reserves: +€30,598
- Debts after one year -€17,568
down €17,568 (-76.2%), from €23,057 to €5,489
- Trade debts -€6,127
down €6,127 (-71.2%), from €8,602 to €2,474
- Gross operating margin -€9,966
down €9,966 (-14.7%), from €67,875 to €57,909
- Depreciation +€897
up €897 (+4.5%), from €19,809 to €20,705
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 | €116,442 | €125,229 | +€8,786 | +7.5% |
| Fixed assets | 21/28 | €65,585 | €44,880 | -€20,705 | -31.6% |
| Intangible fixed assets | 21 | €1,084 | €684 | -€400 | -36.9% |
| Tangible fixed assets | 22/27 | €62,671 | €42,366 | -€20,305 | -32.4% |
| Plant, machinery and equipment | 23 | €11,307 | €7,783 | -€3,525 | -31.2% |
| Furniture and vehicles | 24 | €51,364 | €34,583 | -€16,781 | -32.7% |
| Financial fixed assets | 28 | €1,830 | €1,830 | = | 0.0% |
| Current assets | 29/58 | €50,857 | €80,349 | +€29,492 | +58.0% |
| Stocks and contracts in progress | 3 | €5,450 | €5,955 | +€505 | +9.3% |
| Stocks | 30/36 | €5,450 | €5,955 | +€505 | +9.3% |
| Amounts receivable within one year | 40/41 | €34,800 | €54,345 | +€19,545 | +56.2% |
| Trade receivables | 40 | €21,170 | €28,786 | +€7,616 | +36.0% |
| Other amounts receivable | 41 | €13,630 | €25,559 | +€11,929 | +87.5% |
| Cash at bank and in hand | 54/58 | €10,607 | €19,565 | +€8,958 | +84.5% |
| Deferred charges and accrued income | 490/1 | €0 | €484 | +€484 | |
| Total equity and liabilities | 10/49 | €116,442 | €125,229 | +€8,786 | +7.5% |
| Equity | 10/15 | €65,810 | €96,408 | +€30,598 | +46.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €30,810 | €61,408 | +€30,598 | +99.3% |
| Tax-exempt reserves | 132 | €4,768 | €4,768 | = | 0.0% |
| Distributable reserves | 133 | €26,043 | €56,641 | +€30,598 | +117% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €50,632 | €28,820 | -€21,812 | -43.1% |
| Amounts payable after more than one year | 17 | €23,057 | €5,489 | -€17,568 | -76.2% |
| Financial debts | 170/4 | €23,057 | €5,489 | -€17,568 | -76.2% |
| Amounts payable within one year | 42/48 | €27,575 | €23,331 | -€4,244 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €16,934 | €17,568 | +€634 | +3.7% |
| Trade debts | 44 | €8,602 | €2,474 | -€6,127 | -71.2% |
| Suppliers | 440/4 | €8,602 | €2,474 | -€6,127 | -71.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,040 | €3,289 | +€1,250 | +61.3% |
| Taxes | 450/3 | €2,040 | €3,289 | +€1,250 | +61.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,809 | €20,705 | +€897 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€424 | €0 | +€424 | |
| Other operating charges | 640/8 | €2,698 | €2,359 | -€339 | -12.6% |
| Gross operating margin | 9900 | €67,875 | €57,909 | -€9,966 | -14.7% |
| Operating profit (loss) | 9901 | €45,792 | €34,844 | -€10,948 | -23.9% |
| Financial income | 75/76B | €231 | €484 | +€252 | +109% |
| Recurring financial income | 75 | €231 | €484 | +€252 | +109% |
| Financial charges | 65/66B | €2,004 | €1,440 | -€563 | -28.1% |
| Recurring financial charges | 65 | €2,004 | €1,440 | -€563 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €44,020 | €33,887 | -€10,132 | -23.0% |
| Income taxes | 67/77 | €2,764 | €3,289 | +€525 | +19.0% |
| Profit (loss) for the period | 9904 | €41,256 | €30,598 | -€10,658 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,256 | €30,598 | -€10,658 | -25.8% |
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 21 October 2026 via checked.be.