KIPSTORE: 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.
KIPSTORE
Largest movements
- Cash +€158,539
up €158,539 (+189.5%), from €83,665 to €242,205
mainly Net result for the year (+€113,301) and Depreciation (+€99,655)
- Tangible fixed assets -€65,589
down €65,589 (-27.7%), from €236,747 to €171,158
of which Furniture and vehicles: -€75,912
- Current investments -€14,854
down €14,854 (-100.0%), from €14,854 to €0
- Reserves +€61,474
up €61,474 (+14.6%), from €422,238 to €483,712
- Debts after one year -€51,992
down €51,992 (-46.8%), from €111,010 to €59,018
- Other debts +€51,827
new in 2025: €51,827
- Tax, wage and social debts +€32,123
up €32,123 (+277.5%), from €11,578 to €43,701
of which Remuneration and social security: +€20,234
- Trade debts -€20,439
down €20,439 (-84.5%), from €24,180 to €3,741
- Gross operating margin +€55,909
up €55,909 (+15.5%), from €360,859 to €416,769
- Staff costs +€37,204
up €37,204 (+31.4%), from €118,613 to €155,817
- Taxes +€7,521
up €7,521 (+18.8%), from €39,951 to €47,472
- Financial income +€5,057
up €5,057 (+58.2%), from €8,684 to €13,741
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 | €642,763 | €718,220 | +€75,457 | +11.7% |
| Fixed assets | 21/28 | €267,065 | €196,476 | -€70,589 | -26.4% |
| Intangible fixed assets | 21 | €30,318 | €25,318 | -€5,000 | -16.5% |
| Tangible fixed assets | 22/27 | €236,747 | €171,158 | -€65,589 | -27.7% |
| Plant, machinery and equipment | 23 | €40,736 | €51,059 | +€10,323 | +25.3% |
| Furniture and vehicles | 24 | €196,011 | €120,099 | -€75,912 | -38.7% |
| Current assets | 29/58 | €375,697 | €521,744 | +€146,046 | +38.9% |
| Amounts receivable within one year | 40/41 | €264,489 | €265,211 | +€722 | +0.3% |
| Trade receivables | 40 | €321 | €3,007 | +€2,686 | +838.1% |
| Other amounts receivable | 41 | €264,168 | €262,204 | -€1,964 | -0.7% |
| Current investments | 50/53 | €14,854 | €0 | -€14,854 | -100.0% |
| Cash at bank and in hand | 54/58 | €83,665 | €242,205 | +€158,539 | +189.5% |
| Deferred charges and accrued income | 490/1 | €12,689 | €14,328 | +€1,639 | +12.9% |
| Total equity and liabilities | 10/49 | €642,763 | €718,220 | +€75,457 | +11.7% |
| Equity | 10/15 | €442,238 | €503,712 | +€61,474 | +13.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €422,238 | €483,712 | +€61,474 | +14.6% |
| Distributable reserves | 133 | €422,238 | €483,712 | +€61,474 | +14.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €200,525 | €214,508 | +€13,983 | +7.0% |
| Amounts payable after more than one year | 17 | €111,010 | €59,018 | -€51,992 | -46.8% |
| Financial debts | 170/4 | €111,010 | €59,018 | -€51,992 | -46.8% |
| Amounts payable within one year | 42/48 | €89,515 | €155,490 | +€65,975 | +73.7% |
| Current portion of amounts payable after more than one year | 42 | €53,757 | €56,221 | +€2,464 | +4.6% |
| Trade debts | 44 | €24,180 | €3,741 | -€20,439 | -84.5% |
| Suppliers | 440/4 | €24,180 | €3,741 | -€20,439 | -84.5% |
| Taxes, remuneration and social security | 45 | €11,578 | €43,701 | +€32,123 | +277.5% |
| Taxes | 450/3 | €2,075 | €13,964 | +€11,889 | +573.0% |
| Remuneration and social security | 454/9 | €9,503 | €29,737 | +€20,234 | +212.9% |
| Other amounts payable | 47/48 | - | €51,827 | +€51,827 | |
| Non-recurring operating income | 76A | €600 | €0 | -€600 | -100.0% |
| Remuneration, social security and pensions | 62 | €118,613 | €155,817 | +€37,204 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,566 | €99,655 | +€4,089 | +4.3% |
| Other operating charges | 640/8 | €3,668 | €3,893 | +€225 | +6.1% |
| Non-recurring operating charges | 66A | €245 | €0 | -€245 | -100.0% |
| Gross operating margin | 9900 | €360,859 | €416,769 | +€55,909 | +15.5% |
| Operating profit (loss) | 9901 | €142,767 | €157,403 | +€14,636 | +10.3% |
| Financial income | 75/76B | €8,684 | €13,741 | +€5,057 | +58.2% |
| Recurring financial income | 75 | €8,684 | €13,741 | +€5,057 | +58.2% |
| Financial charges | 65/66B | €12,645 | €10,371 | -€2,274 | -18.0% |
| Recurring financial charges | 65 | €12,645 | €10,371 | -€2,274 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €138,806 | €160,774 | +€21,967 | +15.8% |
| Income taxes | 67/77 | €39,951 | €47,472 | +€7,521 | +18.8% |
| Profit (loss) for the period | 9904 | €98,855 | €113,301 | +€14,446 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,855 | €113,301 | +€14,446 | +14.6% |
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 6 October 2026 via checked.be.