KIPU: 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.
KIPU
Largest movements
- Cash +€39,507
up €39,507 (+58.8%), from €67,236 to €106,743
mainly Net result for the year (+€58,769) and Receivables within one year (+€16,882)
- Current investments +€23,217
up €23,217 (+9.5%), from €245,392 to €268,610
- Receivables within one year -€16,882
down €16,882 (-76.6%), from €22,031 to €5,149
of which Trade receivables: -€11,842
- Tangible fixed assets -€8,513
down €8,513 (-82.2%), from €10,360 to €1,847
of which Furniture and vehicles: -€9,242
- Reserves +€33,720
up €33,720 (+12.2%), from €275,954 to €309,674
- Gross operating margin -€15,622
down €15,622 (-14.3%), from €109,338 to €93,717
- Depreciation -€4,315
down €4,315 (-30.1%), from €14,344 to €10,030
- Taxes -€3,116
down €3,116 (-12.0%), from €25,906 to €22,790
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 | €347,260 | €384,389 | +€37,129 | +10.7% |
| Fixed assets | 21/28 | €10,360 | €1,847 | -€8,513 | -82.2% |
| Tangible fixed assets | 22/27 | €10,360 | €1,847 | -€8,513 | -82.2% |
| Plant, machinery and equipment | 23 | €1,118 | €1,847 | +€729 | +65.2% |
| Furniture and vehicles | 24 | €9,242 | - | -€9,242 | |
| Current assets | 29/58 | €336,900 | €382,541 | +€45,641 | +13.5% |
| Amounts receivable within one year | 40/41 | €22,031 | €5,149 | -€16,882 | -76.6% |
| Trade receivables | 40 | €16,991 | €5,149 | -€11,842 | -69.7% |
| Other amounts receivable | 41 | €5,040 | - | -€5,040 | |
| Current investments | 50/53 | €245,392 | €268,610 | +€23,217 | +9.5% |
| Cash at bank and in hand | 54/58 | €67,236 | €106,743 | +€39,507 | +58.8% |
| Deferred charges and accrued income | 490/1 | €2,242 | €2,040 | -€201 | -9.0% |
| Total equity and liabilities | 10/49 | €347,260 | €384,389 | +€37,129 | +10.7% |
| Equity | 10/15 | €328,252 | €361,972 | +€33,720 | +10.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €275,954 | €309,674 | +€33,720 | +12.2% |
| Distributable reserves | 133 | €275,954 | €309,674 | +€33,720 | +12.2% |
| Profit (loss) carried forward | 14 | €31,837 | €31,837 | = | 0.0% |
| Amounts payable | 17/49 | €19,009 | €22,417 | +€3,409 | +17.9% |
| Amounts payable within one year | 42/48 | €19,009 | €22,417 | +€3,409 | +17.9% |
| Trade debts | 44 | €1,029 | €2,352 | +€1,323 | +128.5% |
| Suppliers | 440/4 | €1,029 | €2,352 | +€1,323 | +128.5% |
| Taxes, remuneration and social security | 45 | €13,425 | €12,603 | -€822 | -6.1% |
| Taxes | 450/3 | €13,425 | €12,603 | -€822 | -6.1% |
| Other amounts payable | 47/48 | €4,554 | €7,462 | +€2,908 | +63.8% |
| Non-recurring operating income | 76A | - | €1,700 | +€1,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,344 | €10,030 | -€4,315 | -30.1% |
| Other operating charges | 640/8 | €847 | €492 | -€355 | -41.9% |
| Gross operating margin | 9900 | €109,338 | €93,717 | -€15,622 | -14.3% |
| Operating profit (loss) | 9901 | €94,147 | €83,195 | -€10,952 | -11.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,337 | €1,636 | +€300 | +22.4% |
| Recurring financial charges | 65 | €1,337 | €1,636 | +€300 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €92,810 | €81,559 | -€11,251 | -12.1% |
| Income taxes | 67/77 | €25,906 | €22,790 | -€3,116 | -12.0% |
| Profit (loss) for the period | 9904 | €66,905 | €58,769 | -€8,135 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,905 | €58,769 | -€8,135 | -12.2% |
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 10 October 2026 via checked.be.