Kitchen Pro: what changed
What changed
Kitchen Pro
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€620,331
2024 · €206,977+€413,354
Equity
€1.1m
2024 · €445,905+€620,331
Cash
€1.4m
2024 · €224,097+€1.2m
Balance sheet total
€1.8m
2024 · €678,731+€1.1m
Largest movements
Assets
- Cash +€1.2m
up €1.2m (+535%), from €224,097 to €1.4m
mainly Net result for the year (+€620,331) and Trade debts (+€434,650)
- Receivables within one year -€111,697
down €111,697 (-25.8%), from €432,350 to €320,653
of which Trade receivables: -€430,281
Equity and liabilities
- Profit (loss) carried forward +€620,331
up €620,331, from -€535,075 to €85,256
- Trade debts +€434,650
up €434,650 (+343%), from €126,812 to €561,462
- Tax, wage and social debts +€51,343
up €51,343 (+88.2%), from €58,214 to €109,556
of which Taxes: +€52,191
- Current portion of long-term debt -€47,800
no longer reported in 2025 (was €47,800)
- Provisions +€20,022
new in 2025: €20,022
Income statement
- Staff costs -€232,460
down €232,460 (-23.5%), from €990,643 to €758,183
- Gross operating margin +€123,363
up €123,363 (+9.6%), from €1.3m to €1.4m
- Financial charges -€43,114
down €43,114 (-67.4%), from €63,923 to €20,809
- Depreciation -€15,261
down €15,261 (-87.8%), from €17,386 to €2,125
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
€206,977
Gross operating margin
+€123,363
Staff costs
+€232,460
Depreciation
+€15,261
Other operating charges
+€1,083
Other operating items
-€1,700
Financial income
-€220
Financial charges
+€43,114
Taxes
-€6
Result 2025
€620,331
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
+€1.2m
Investment
-€250
Financing
-€47,800
Cash 2024
€224,097
From operations (derived)
+€1.2m
Net result for the year
+€620,331
Depreciation
+€2,125
Receivables within one year
+€111,697
Deferred charges and accrued income
+€5,914
Provisions
+€20,022
Trade debts
+€434,650
Tax, wage and social debts
+€51,343
Accrued charges and deferred income
+€2,000
Investment (derived)
-€250
Investment in fixed assets (net)
-€250
Financing
-€47,800
Current portion of long-term debt
-€47,800
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €678,731 | €1,759,275 | +€1.1m | +159% |
| Fixed assets | 21/28 | €14,711 | €12,835 | -€1,876 | -12.7% |
| Tangible fixed assets | 22/27 | €13,042 | €10,917 | -€2,126 | -16.3% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €9,057 | €7,861 | -€1,196 | -13.2% |
| Other tangible fixed assets | 26 | €3,985 | €3,056 | -€929 | -23.3% |
| Financial fixed assets | 28 | €1,669 | €1,919 | +€250 | +15.0% |
| Current assets | 29/58 | €664,020 | €1,746,440 | +€1.1m | +163% |
| Amounts receivable within one year | 40/41 | €432,350 | €320,653 | -€111,697 | -25.8% |
| Trade receivables | 40 | €432,350 | €2,069 | -€430,281 | -99.5% |
| Other amounts receivable | 41 | - | €318,584 | +€318,584 | |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €224,097 | €1,424,129 | +€1.2m | +535% |
| Deferred charges and accrued income | 490/1 | €7,571 | €1,657 | -€5,914 | -78.1% |
| Total equity and liabilities | 10/49 | €678,731 | €1,759,275 | +€1.1m | +159% |
| Equity | 10/15 | €445,905 | €1,066,236 | +€620,331 | +139% |
| Contributions | 10/11 | €950,000 | €950,000 | = | 0.0% |
| Capital | 10 | €950,000 | €950,000 | = | 0.0% |
| Issued capital | 100 | €950,000 | €950,000 | = | 0.0% |
| Reserves | 13 | €30,980 | €30,980 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,311 | €17,311 | = | 0.0% |
| Legal reserve | 130 | €17,311 | €17,311 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,669 | €13,669 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€535,075 | €85,256 | +€620,331 | |
| Provisions and deferred taxes | 16 | - | €20,022 | +€20,022 | |
| Provisions for liabilities and charges | 160/5 | - | €20,022 | +€20,022 | |
| Other liabilities and charges | 164/5 | - | €20,022 | +€20,022 | |
| Amounts payable | 17/49 | €232,826 | €673,018 | +€440,192 | +189% |
| Amounts payable within one year | 42/48 | €232,826 | €671,018 | +€438,192 | +188% |
| Current portion of amounts payable after more than one year | 42 | €47,800 | - | -€47,800 | |
| Trade debts | 44 | €126,812 | €561,462 | +€434,650 | +343% |
| Suppliers | 440/4 | €126,812 | €561,462 | +€434,650 | +343% |
| Taxes, remuneration and social security | 45 | €58,214 | €109,556 | +€51,343 | +88.2% |
| Taxes | 450/3 | €21,194 | €73,385 | +€52,191 | +246% |
| Remuneration and social security | 454/9 | €37,020 | €36,171 | -€849 | -2.3% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €990,643 | €758,183 | -€232,460 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,386 | €2,125 | -€15,261 | -87.8% |
| Other operating charges | 640/8 | €1,171 | €88 | -€1,083 | -92.5% |
| Non-recurring operating charges | 66A | - | €1,700 | +€1,700 | |
| Gross operating margin | 9900 | €1,280,110 | €1,403,472 | +€123,363 | +9.6% |
| Operating profit (loss) | 9901 | €270,910 | €641,376 | +€370,466 | +137% |
| Financial income | 75/76B | €220 | €0 | -€220 | -100.0% |
| Recurring financial income | 75 | €220 | €0 | -€220 | -100.0% |
| Financial charges | 65/66B | €63,923 | €20,809 | -€43,114 | -67.4% |
| Recurring financial charges | 65 | €63,923 | €20,809 | -€43,114 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | €207,207 | €620,567 | +€413,360 | +199% |
| Income taxes | 67/77 | €230 | €236 | +€6 | +2.8% |
| Profit (loss) for the period | 9904 | €206,977 | €620,331 | +€413,354 | +200% |
| Profit (loss) for the period to be appropriated | 9905 | €206,977 | €620,331 | +€413,354 | +200% |
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 2 November 2026 via checked.be.