Kitcho: what changed
Two fiscal 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.
Kitcho
Largest movements
- Cash +€101,955
up €101,955 (+49.2%), from €207,030 to €308,985
mainly Net result for the year (+€332,096) and Other debts (+€221,134)
- Receivables within one year +€53,974
up €53,974 (+717.0%), from €7,528 to €61,502
of which Other amounts receivable: +€29,991
- Stocks and contracts -€9,911
down €9,911 (-40.9%), from €24,240 to €14,329
- Other debts +€221,134
up €221,134 (+22779.2%), from €971 to €222,105
- Profit (loss) carried forward -€97,904
down €97,904 (-55.9%), from €175,056 to €77,152
- Tax, wage and social debts +€40,368
up €40,368 (+35.9%), from €112,436 to €152,804
of which Taxes: +€36,660
- Trade debts -€17,387
no longer reported in 2025 (was €17,387)
- Accrued charges and deferred income -€5,607
down €5,607 (-80.0%), from €7,007 to €1,400
- Gross operating margin +€205,405
up €205,405 (+34.7%), from €592,690 to €798,096
- Staff costs +€74,271
up €74,271 (+29.1%), from €255,489 to €329,760
- Taxes +€29,819
up €29,819 (+37.3%), from €79,880 to €109,699
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 | €326,807 | €467,410 | +€140,604 | +43.0% |
| Fixed assets | 21/28 | €84,210 | €82,595 | -€1,616 | -1.9% |
| Tangible fixed assets | 22/27 | €84,067 | €82,595 | -€1,473 | -1.8% |
| Land and buildings | 22 | €19,250 | €32,634 | +€13,384 | +69.5% |
| Plant, machinery and equipment | 23 | €26,556 | €29,402 | +€2,846 | +10.7% |
| Furniture and vehicles | 24 | €38,262 | €20,560 | -€17,702 | -46.3% |
| Financial fixed assets | 28 | €143 | - | -€143 | |
| Current assets | 29/58 | €242,596 | €384,815 | +€142,219 | +58.6% |
| Stocks and contracts in progress | 3 | €24,240 | €14,329 | -€9,911 | -40.9% |
| Stocks | 30/36 | €24,240 | €14,329 | -€9,911 | -40.9% |
| Amounts receivable within one year | 40/41 | €7,528 | €61,502 | +€53,974 | +717.0% |
| Trade receivables | 40 | €3,019 | €27,002 | +€23,983 | +794.4% |
| Other amounts receivable | 41 | €4,509 | €34,500 | +€29,991 | +665.2% |
| Cash at bank and in hand | 54/58 | €207,030 | €308,985 | +€101,955 | +49.2% |
| Deferred charges and accrued income | 490/1 | €3,799 | - | -€3,799 | |
| Total equity and liabilities | 10/49 | €326,807 | €467,410 | +€140,604 | +43.0% |
| Equity | 10/15 | €189,006 | €91,102 | -€97,904 | -51.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €3,950 | €3,950 | = | 0.0% |
| Distributable reserves | 133 | €3,950 | €3,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,056 | €77,152 | -€97,904 | -55.9% |
| Amounts payable | 17/49 | €137,801 | €376,308 | +€238,508 | +173.1% |
| Amounts payable within one year | 42/48 | €130,793 | €374,908 | +€244,115 | +186.6% |
| Trade debts | 44 | €17,387 | - | -€17,387 | |
| Suppliers | 440/4 | €17,387 | - | -€17,387 | |
| Taxes, remuneration and social security | 45 | €112,436 | €152,804 | +€40,368 | +35.9% |
| Taxes | 450/3 | €88,018 | €124,677 | +€36,660 | +41.7% |
| Remuneration and social security | 454/9 | €24,418 | €28,126 | +€3,708 | +15.2% |
| Other amounts payable | 47/48 | €971 | €222,105 | +€221,134 | +22779.2% |
| Accrued charges and deferred income | 492/3 | €7,007 | €1,400 | -€5,607 | -80.0% |
| Remuneration, social security and pensions | 62 | €255,489 | €329,760 | +€74,271 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,905 | €16,263 | +€358 | +2.3% |
| Other operating charges | 640/8 | €940 | €3,430 | +€2,490 | +264.9% |
| Non-recurring operating charges | 66A | €2,400 | - | -€2,400 | |
| Gross operating margin | 9900 | €592,690 | €798,096 | +€205,405 | +34.7% |
| Operating profit (loss) | 9901 | €317,956 | €448,642 | +€130,686 | +41.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €4,600 | €6,847 | +€2,247 | +48.8% |
| Recurring financial charges | 65 | €4,600 | €6,847 | +€2,247 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €313,356 | €441,795 | +€128,440 | +41.0% |
| Income taxes | 67/77 | €79,880 | €109,699 | +€29,819 | +37.3% |
| Profit (loss) for the period | 9904 | €233,476 | €332,096 | +€98,620 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €233,476 | €332,096 | +€98,620 | +42.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.