KITCHCO: what changed
What changed
KITCHCO
NACE 43.240, Other construction installation
filed annual accounts (NBB)
Net result for the year
€226,013
2024 · €203,963+€22,050
Equity
€2.2m
2024 · €2.2m
Cash
€153,891
2024 · €60,372+€93,519
Balance sheet total
€3.7m
2024 · €4.3m-€583,137
Largest movements
Assets
- Receivables within one year -€632,910
down €632,910 (-19.1%), from €3.3m to €2.7m
of which Trade receivables: -€666,844
- Cash +€93,519
up €93,519 (+155%), from €60,372 to €153,891
mainly Receivables within one year (+€632,910) and Net result for the year (+€226,013)
Equity and liabilities
- Trade debts -€561,520
down €561,520 (-36.0%), from €1.6m to €998,421
Income statement
- Gross operating margin +€597,843
up €597,843 (+36.7%), from €1.6m to €2.2m
- Staff costs +€460,607
up €460,607 (+35.0%), from €1.3m to €1.8m
- Turnover +€314,073
up €314,073 (+4.0%), from €7.8m to €8.2m
- Purchases and services -€299,073
down €299,073 (-4.8%), from €6.2m to €5.9m
- Provisions +€118,737
new in 2025: €118,737
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€203,963
Gross operating margin
+€597,843
Staff costs
-€460,607
Depreciation
-€3,188
Write-downs
+€5,365
Provisions
-€118,737
Other operating charges
+€3,293
Other operating items
+€1,648
Financial income
+€5,660
Financial charges
-€791
Taxes
-€8,436
Result 2025
€226,013
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€335,947
Investment
-€29,025
Financing
-€213,403
Cash 2024
€60,372
From operations (derived)
+€335,947
Net result for the year
+€226,013
Depreciation
+€21,169
Stocks and contracts
+€12,459
Receivables within one year
+€632,910
Deferred charges and accrued income
+€39,143
Trade debts
-€561,520
Tax, wage and social debts
+€8,723
Other debts
-€42,950
Investment (derived)
-€29,025
Investment in fixed assets (net)
-€29,025
Financing
-€213,403
Short-term financial debts
+€12,610
Contributions, distributions and other
-€226,013
Cash 2025
€153,891
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,302,817 | €3,719,680 | -€583,137 | -13.6% |
| Fixed assets | 21/28 | €100,769 | €108,625 | +€7,856 | +7.8% |
| Tangible fixed assets | 22/27 | €92,769 | €83,745 | -€9,024 | -9.7% |
| Plant, machinery and equipment | 23 | €6,602 | €9,567 | +€2,965 | +44.9% |
| Furniture and vehicles | 24 | €45,187 | €37,588 | -€7,599 | -16.8% |
| Other tangible fixed assets | 26 | €40,980 | €36,590 | -€4,390 | -10.7% |
| Financial fixed assets | 28 | €8,000 | €24,880 | +€16,880 | +211% |
| Current assets | 29/58 | €4,202,048 | €3,611,055 | -€590,993 | -14.1% |
| Stocks and contracts in progress | 3 | €782,537 | €770,078 | -€12,459 | -1.6% |
| Stocks | 30/36 | €782,537 | €770,078 | -€12,459 | -1.6% |
| Amounts receivable within one year | 40/41 | €3,314,094 | €2,681,184 | -€632,910 | -19.1% |
| Trade receivables | 40 | €3,279,734 | €2,612,890 | -€666,844 | -20.3% |
| Other amounts receivable | 41 | €34,360 | €68,294 | +€33,934 | +98.8% |
| Cash at bank and in hand | 54/58 | €60,372 | €153,891 | +€93,519 | +155% |
| Deferred charges and accrued income | 490/1 | €45,045 | €5,902 | -€39,143 | -86.9% |
| Total equity and liabilities | 10/49 | €4,302,817 | €3,719,680 | -€583,137 | -13.6% |
| Equity | 10/15 | €2,200,000 | €2,200,000 | = | 0.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €2,000,000 | €2,000,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,102,817 | €1,519,680 | -€583,137 | -27.7% |
| Amounts payable within one year | 42/48 | €2,102,817 | €1,519,680 | -€583,137 | -27.7% |
| Financial debts | 43 | - | €12,610 | +€12,610 | |
| Credit institutions | 430/8 | - | €12,610 | +€12,610 | |
| Trade debts | 44 | €1,559,941 | €998,421 | -€561,520 | -36.0% |
| Suppliers | 440/4 | €1,559,941 | €998,421 | -€561,520 | -36.0% |
| Advances received on contracts in progress | 46 | €40,567 | €40,567 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €233,346 | €242,069 | +€8,723 | +3.7% |
| Taxes | 450/3 | €89,629 | €77,807 | -€11,822 | -13.2% |
| Remuneration and social security | 454/9 | €143,717 | €164,262 | +€20,545 | +14.3% |
| Other amounts payable | 47/48 | €268,963 | €226,013 | -€42,950 | -16.0% |
| Turnover | 70 | €7,836,327 | €8,150,400 | +€314,073 | +4.0% |
| Non-recurring operating income | 76A | €19,214 | €100 | -€19,114 | -99.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,238,740 | €5,939,667 | -€299,073 | -4.8% |
| Remuneration, social security and pensions | 62 | €1,315,057 | €1,775,664 | +€460,607 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,981 | €21,169 | +€3,188 | +17.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,365 | - | -€5,365 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €118,737 | +€118,737 | |
| Other operating charges | 640/8 | €9,628 | €6,335 | -€3,293 | -34.2% |
| Non-recurring operating charges | 66A | €1,648 | - | -€1,648 | |
| Gross operating margin | 9900 | €1,630,651 | €2,228,494 | +€597,843 | +36.7% |
| Operating profit (loss) | 9901 | €280,972 | €306,589 | +€25,617 | +9.1% |
| Financial income | 75/76B | €2,956 | €8,616 | +€5,660 | +191% |
| Recurring financial income | 75 | €2,956 | €8,616 | +€5,660 | +191% |
| Financial charges | 65/66B | €3,434 | €4,225 | +€791 | +23.0% |
| Recurring financial charges | 65 | €3,434 | €4,225 | +€791 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €280,494 | €310,980 | +€30,486 | +10.9% |
| Income taxes | 67/77 | €76,531 | €84,967 | +€8,436 | +11.0% |
| Profit (loss) for the period | 9904 | €203,963 | €226,013 | +€22,050 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €203,963 | €226,013 | +€22,050 | +10.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.