KITENCRE: 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.
KITENCRE
Largest movements
- Stocks and contracts -€38,270
down €38,270 (-13.2%), from €290,748 to €252,478
- Receivables within one year +€26,519
up €26,519 (+37.8%), from €70,090 to €96,609
of which Other amounts receivable: +€52,325
- Tangible fixed assets -€24,995
down €24,995 (-8.1%), from €308,508 to €283,512
of which Land and buildings: -€15,274
- Cash -€16,699
down €16,699 (-32.0%), from €52,245 to €35,546
mainly Other debts (-€49,488) and Receivables within one year (-€26,519)
- Deferred charges and accrued income -€11,647
down €11,647 (-73.6%), from €15,831 to €4,184
- Reserves +€50,520
up €50,520 (+75.6%), from €66,860 to €117,380
of which Tax-exempt reserves: +€50,520
- Other debts -€49,488
down €49,488 (-10.2%), from €484,962 to €435,474
- Profit (loss) carried forward -€48,711
down €48,711 (-19.6%), from €248,082 to €199,371
- Tax, wage and social debts -€10,923
down €10,923 (-24.6%), from €44,393 to €33,470
of which Taxes: -€5,546
- Staff costs -€16,375
down €16,375 (-6.5%), from €253,814 to €237,439
- Taxes +€13,524
up €13,524 (+8,782%), from €154 to €13,678
- Write-downs +€8,914
new in 2024: €8,914
- Financial income -€7,377
down €7,377 (-9.4%), from €78,335 to €70,958
- Gross operating margin +€6,845
up €6,845 (+2.9%), from €232,307 to €239,152
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €985,172 | €913,554 | -€71,617 | -7.3% |
| Fixed assets | 21/28 | €314,258 | €289,262 | -€24,995 | -8.0% |
| Tangible fixed assets | 22/27 | €308,508 | €283,512 | -€24,995 | -8.1% |
| Land and buildings | 22 | €276,445 | €261,172 | -€15,274 | -5.5% |
| Plant, machinery and equipment | 23 | €262 | €1,384 | +€1,122 | +428% |
| Furniture and vehicles | 24 | €29,516 | €19,015 | -€10,501 | -35.6% |
| Other tangible fixed assets | 26 | €2,284 | €1,941 | -€343 | -15.0% |
| Financial fixed assets | 28 | €5,750 | €5,750 | = | 0.0% |
| Current assets | 29/58 | €670,914 | €624,292 | -€46,622 | -6.9% |
| Stocks and contracts in progress | 3 | €290,748 | €252,478 | -€38,270 | -13.2% |
| Stocks | 30/36 | €290,748 | €252,478 | -€38,270 | -13.2% |
| Amounts receivable within one year | 40/41 | €70,090 | €96,609 | +€26,519 | +37.8% |
| Trade receivables | 40 | €37,260 | €11,453 | -€25,806 | -69.3% |
| Other amounts receivable | 41 | €32,831 | €85,156 | +€52,325 | +159% |
| Current investments | 50/53 | €242,000 | €235,475 | -€6,525 | -2.7% |
| Cash at bank and in hand | 54/58 | €52,245 | €35,546 | -€16,699 | -32.0% |
| Deferred charges and accrued income | 490/1 | €15,831 | €4,184 | -€11,647 | -73.6% |
| Total equity and liabilities | 10/49 | €985,172 | €913,554 | -€71,617 | -7.3% |
| Equity | 10/15 | €333,542 | €335,351 | +€1,809 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,860 | €117,380 | +€50,520 | +75.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €50,520 | +€50,520 | |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €248,082 | €199,371 | -€48,711 | -19.6% |
| Amounts payable | 17/49 | €651,630 | €578,204 | -€73,426 | -11.3% |
| Amounts payable within one year | 42/48 | €651,630 | €578,204 | -€73,426 | -11.3% |
| Financial debts | 43 | €9,278 | €5,080 | -€4,199 | -45.3% |
| Credit institutions | 430/8 | €9,278 | €5,080 | -€4,199 | -45.3% |
| Trade debts | 44 | €112,996 | €104,180 | -€8,816 | -7.8% |
| Suppliers | 440/4 | €112,996 | €104,180 | -€8,816 | -7.8% |
| Taxes, remuneration and social security | 45 | €44,393 | €33,470 | -€10,923 | -24.6% |
| Taxes | 450/3 | €25,699 | €20,153 | -€5,546 | -21.6% |
| Remuneration and social security | 454/9 | €18,694 | €13,317 | -€5,376 | -28.8% |
| Other amounts payable | 47/48 | €484,962 | €435,474 | -€49,488 | -10.2% |
| Remuneration, social security and pensions | 62 | €253,814 | €237,439 | -€16,375 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,058 | €29,825 | +€767 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,914 | +€8,914 | |
| Other operating charges | 640/8 | €13,063 | €8,277 | -€4,786 | -36.6% |
| Gross operating margin | 9900 | €232,307 | €239,152 | +€6,845 | +2.9% |
| Operating profit (loss) | 9901 | -€63,628 | -€45,304 | +€18,324 | +28.8% |
| Financial income | 75/76B | €78,335 | €70,958 | -€7,377 | -9.4% |
| Recurring financial income | 75 | €78,335 | €70,958 | -€7,377 | -9.4% |
| Financial charges | 65/66B | €13,796 | €10,167 | -€3,629 | -26.3% |
| Recurring financial charges | 65 | €13,796 | €10,167 | -€3,629 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €911 | €15,487 | +€14,576 | +1,600% |
| Income taxes | 67/77 | €154 | €13,678 | +€13,524 | +8,782% |
| Profit (loss) for the period | 9904 | €757 | €1,809 | +€1,052 | +139% |
| Transfer to tax-exempt reserves | 689 | - | €50,520 | +€50,520 | |
| Profit (loss) for the period to be appropriated | 9905 | €757 | -€48,711 | -€49,468 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.