KIPTRANSPO SEIGERS: 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.
KIPTRANSPO SEIGERS
Largest movements
- Cash +€10,830
up €10,830 (+19.4%), from €55,717 to €66,547
mainly Net result for the year (+€10,487) and Trade debts (+€3,919)
- Receivables within one year +€6,238
up €6,238 (+12.5%), from €50,032 to €56,270
of which Other amounts receivable: +€12,938
- Deferred charges and accrued income +€1,691
up €1,691 (+39.4%), from €4,297 to €5,988
- Profit (loss) carried forward +€10,487
up €10,487 (+13.8%), from €75,781 to €86,269
- Trade debts +€3,919
up €3,919 (+179%), from €2,190 to €6,109
- Tax, wage and social debts +€3,234
up €3,234 (+35.6%), from €9,073 to €12,307
- Gross operating margin -€18,366
down €18,366 (-52.2%), from €35,172 to €16,807
- Taxes -€5,840
down €5,840 (-64.4%), from €9,073 to €3,234
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 | €112,575 | €130,136 | +€17,561 | +15.6% |
| Fixed assets | 21/28 | €2,528 | €1,331 | -€1,197 | -47.4% |
| Tangible fixed assets | 22/27 | €2,528 | €1,331 | -€1,197 | -47.4% |
| Plant, machinery and equipment | 23 | €2,528 | €1,331 | -€1,197 | -47.4% |
| Current assets | 29/58 | €110,047 | €128,805 | +€18,759 | +17.0% |
| Amounts receivable within one year | 40/41 | €50,032 | €56,270 | +€6,238 | +12.5% |
| Trade receivables | 40 | €26,517 | €19,817 | -€6,700 | -25.3% |
| Other amounts receivable | 41 | €23,515 | €36,453 | +€12,938 | +55.0% |
| Cash at bank and in hand | 54/58 | €55,717 | €66,547 | +€10,830 | +19.4% |
| Deferred charges and accrued income | 490/1 | €4,297 | €5,988 | +€1,691 | +39.4% |
| Total equity and liabilities | 10/49 | €112,575 | €130,136 | +€17,561 | +15.6% |
| Equity | 10/15 | €101,233 | €111,720 | +€10,487 | +10.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €6,860 | €6,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,781 | €86,269 | +€10,487 | +13.8% |
| Amounts payable | 17/49 | €11,342 | €18,416 | +€7,074 | +62.4% |
| Amounts payable within one year | 42/48 | €11,263 | €18,416 | +€7,152 | +63.5% |
| Trade debts | 44 | €2,190 | €6,109 | +€3,919 | +179% |
| Suppliers | 440/4 | €2,190 | €6,109 | +€3,919 | +179% |
| Taxes, remuneration and social security | 45 | €9,073 | €12,307 | +€3,234 | +35.6% |
| Taxes | 450/3 | €9,073 | €12,307 | +€3,234 | +35.6% |
| Accrued charges and deferred income | 492/3 | €78 | - | -€78 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,197 | €1,197 | = | 0.0% |
| Other operating charges | 640/8 | €1,368 | €1,409 | +€41 | +3.0% |
| Gross operating margin | 9900 | €35,172 | €16,807 | -€18,366 | -52.2% |
| Operating profit (loss) | 9901 | €32,607 | €14,200 | -€18,407 | -56.5% |
| Financial charges | 65/66B | €591 | €479 | -€111 | -18.8% |
| Recurring financial charges | 65 | €591 | €479 | -€111 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €32,017 | €13,721 | -€18,296 | -57.1% |
| Income taxes | 67/77 | €9,073 | €3,234 | -€5,840 | -64.4% |
| Profit (loss) for the period | 9904 | €22,943 | €10,487 | -€12,456 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,943 | €10,487 | -€12,456 | -54.3% |
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 31 October 2026 via checked.be.