Kitchino: 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.
Kitchino
Largest movements
- Stocks and contracts -€471,626
down €471,626 (-29.0%), from €1.6m to €1.2m
- Receivables within one year -€456,424
down €456,424 (-36.6%), from €1.2m to €789,879
of which Trade receivables: -€386,477
- Deferred charges and accrued income -€125,000
no longer reported in 2025 (was €125,000)
- Cash +€108,302
up €108,302 (+161%), from €67,148 to €175,450
mainly Stocks and contracts (+€471,626) and Receivables within one year (+€456,424)
- Tangible fixed assets -€54,475
down €54,475 (-28.2%), from €192,923 to €138,448
of which Furniture and vehicles: -€49,484
- Other debts -€464,338
down €464,338 (-30.6%), from €1.5m to €1.1m
- Current portion of long-term debt -€448,438
down €448,438 (-87.7%), from €511,079 to €62,641
- Gross operating margin -€118,845
down €118,845 (-68.9%), from €172,370 to €53,525
- Other operating charges -€29,972
down €29,972 (-90.2%), from €33,222 to €3,251
- Taxes -€19,662
down €19,662 (-84.0%), from €23,400 to €3,738
- Financial charges -€11,232
down €11,232 (-34.3%), from €32,733 to €21,501
- Financial income -€4,876
down €4,876 (-34.8%), from €14,009 to €9,133
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 | €3,267,512 | €2,267,956 | -€999,556 | -30.6% |
| Fixed assets | 21/28 | €200,256 | €145,448 | -€54,807 | -27.4% |
| Tangible fixed assets | 22/27 | €192,923 | €138,448 | -€54,475 | -28.2% |
| Plant, machinery and equipment | 23 | €11,721 | €6,730 | -€4,991 | -42.6% |
| Furniture and vehicles | 24 | €181,202 | €131,718 | -€49,484 | -27.3% |
| Financial fixed assets | 28 | €7,332 | €7,000 | -€332 | -4.5% |
| Current assets | 29/58 | €3,067,256 | €2,122,508 | -€944,748 | -30.8% |
| Stocks and contracts in progress | 3 | €1,628,805 | €1,157,179 | -€471,626 | -29.0% |
| Stocks | 30/36 | €1,628,805 | €1,157,179 | -€471,626 | -29.0% |
| Amounts receivable within one year | 40/41 | €1,246,303 | €789,879 | -€456,424 | -36.6% |
| Trade receivables | 40 | €1,105,094 | €718,617 | -€386,477 | -35.0% |
| Other amounts receivable | 41 | €141,209 | €71,262 | -€69,947 | -49.5% |
| Cash at bank and in hand | 54/58 | €67,148 | €175,450 | +€108,302 | +161% |
| Deferred charges and accrued income | 490/1 | €125,000 | - | -€125,000 | |
| Total equity and liabilities | 10/49 | €3,267,512 | €2,267,956 | -€999,556 | -30.6% |
| Equity | 10/15 | €1,111,518 | €1,091,646 | -€19,872 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,022,089 | €1,004,945 | -€17,144 | -1.7% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,144 | - | -€17,144 | |
| Distributable reserves | 133 | €1,004,325 | €1,004,325 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,830 | €68,101 | -€2,728 | -3.9% |
| Amounts payable | 17/49 | €2,155,993 | €1,176,310 | -€979,683 | -45.4% |
| Amounts payable after more than one year | 17 | €1,150 | €1,150 | = | 0.0% |
| Other amounts payable | 178/9 | €1,150 | €1,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,149,410 | €1,175,160 | -€974,250 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €511,079 | €62,641 | -€448,438 | -87.7% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €71,757 | €56,792 | -€14,965 | -20.9% |
| Suppliers | 440/4 | €71,757 | €56,792 | -€14,965 | -20.9% |
| Advances received on contracts in progress | 46 | €21,497 | - | -€21,497 | |
| Taxes, remuneration and social security | 45 | €539 | €527 | -€12 | -2.2% |
| Taxes | 450/3 | €539 | €527 | -€12 | -2.2% |
| Other amounts payable | 47/48 | €1,519,538 | €1,055,200 | -€464,338 | -30.6% |
| Accrued charges and deferred income | 492/3 | €5,434 | - | -€5,434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,349 | €54,041 | -€1,308 | -2.4% |
| Other operating charges | 640/8 | €33,222 | €3,251 | -€29,972 | -90.2% |
| Gross operating margin | 9900 | €172,370 | €53,525 | -€118,845 | -68.9% |
| Operating profit (loss) | 9901 | €83,799 | -€3,767 | -€87,566 | |
| Financial income | 75/76B | €14,009 | €9,133 | -€4,876 | -34.8% |
| Recurring financial income | 75 | €14,009 | €9,133 | -€4,876 | -34.8% |
| Financial charges | 65/66B | €32,733 | €21,501 | -€11,232 | -34.3% |
| Recurring financial charges | 65 | €32,733 | €21,501 | -€11,232 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €65,075 | -€16,135 | -€81,209 | |
| Income taxes | 67/77 | €23,400 | €3,738 | -€19,662 | -84.0% |
| Profit (loss) for the period | 9904 | €41,675 | -€19,872 | -€61,548 | |
| Transfer from tax-exempt reserves | 789 | - | €17,144 | +€17,144 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,675 | -€2,728 | -€44,404 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.