QUICK KIP: 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.
QUICK KIP
Largest movements
- Cash +€133,952
up €133,952 (+381.7%), from €35,093 to €169,046
mainly Trade debts (+€167,080) and Other debts (+€76,196)
- Receivables within one year +€79,706
up €79,706 (+12.3%), from €650,654 to €730,360
of which Trade receivables: +€68,464
- Tangible fixed assets +€14,919
up €14,919 (+28.6%), from €52,197 to €67,116
of which Furniture and vehicles: +€9,669
- Trade debts +€167,080
up €167,080 (+33.0%), from €505,782 to €672,862
- Other debts +€76,196
up €76,196 (+190.5%), from €40,000 to €116,196
- Staff costs +€30,042
up €30,042 (+128.4%), from €23,389 to €53,431
- Gross operating margin +€18,838
up €18,838 (+13.6%), from €139,004 to €157,842
- Taxes -€3,557
down €3,557 (-18.1%), from €19,670 to €16,113
- Other operating charges +€3,453
up €3,453 (+218.6%), from €1,580 to €5,033
- Depreciation +€2,481
up €2,481 (+8.9%), from €27,816 to €30,297
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 | €737,945 | €966,521 | +€228,577 | +31.0% |
| Fixed assets | 21/28 | €52,197 | €67,116 | +€14,919 | +28.6% |
| Tangible fixed assets | 22/27 | €52,197 | €67,116 | +€14,919 | +28.6% |
| Plant, machinery and equipment | 23 | €2,337 | €3,849 | +€1,512 | +64.7% |
| Furniture and vehicles | 24 | €49,860 | €59,529 | +€9,669 | +19.4% |
| Other tangible fixed assets | 26 | - | €3,737 | +€3,737 | |
| Current assets | 29/58 | €685,748 | €899,406 | +€213,658 | +31.2% |
| Amounts receivable within one year | 40/41 | €650,654 | €730,360 | +€79,706 | +12.3% |
| Trade receivables | 40 | €632,861 | €701,325 | +€68,464 | +10.8% |
| Other amounts receivable | 41 | €17,793 | €29,035 | +€11,242 | +63.2% |
| Cash at bank and in hand | 54/58 | €35,093 | €169,046 | +€133,952 | +381.7% |
| Total equity and liabilities | 10/49 | €737,945 | €966,521 | +€228,577 | +31.0% |
| Equity | 10/15 | €117,000 | €109,824 | -€7,177 | -6.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,000 | €104,824 | -€7,177 | -6.4% |
| Amounts payable | 17/49 | €620,944 | €856,698 | +€235,753 | +38.0% |
| Amounts payable within one year | 42/48 | €620,944 | €856,698 | +€235,753 | +38.0% |
| Trade debts | 44 | €505,782 | €672,862 | +€167,080 | +33.0% |
| Suppliers | 440/4 | €505,782 | €672,862 | +€167,080 | +33.0% |
| Advances received on contracts in progress | 46 | - | €349 | +€349 | |
| Taxes, remuneration and social security | 45 | €75,163 | €67,290 | -€7,872 | -10.5% |
| Taxes | 450/3 | €70,828 | €55,858 | -€14,970 | -21.1% |
| Remuneration and social security | 454/9 | €4,335 | €11,432 | +€7,097 | +163.7% |
| Other amounts payable | 47/48 | €40,000 | €116,196 | +€76,196 | +190.5% |
| Remuneration, social security and pensions | 62 | €23,389 | €53,431 | +€30,042 | +128.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,816 | €30,297 | +€2,481 | +8.9% |
| Other operating charges | 640/8 | €1,580 | €5,033 | +€3,453 | +218.6% |
| Gross operating margin | 9900 | €139,004 | €157,842 | +€18,838 | +13.6% |
| Operating profit (loss) | 9901 | €86,219 | €69,081 | -€17,138 | -19.9% |
| Financial income | 75/76B | €721 | €1,075 | +€354 | +49.2% |
| Recurring financial income | 75 | €721 | €1,075 | +€354 | +49.2% |
| Financial charges | 65/66B | €614 | €244 | -€370 | -60.2% |
| Recurring financial charges | 65 | €614 | €244 | -€370 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €86,326 | €69,912 | -€16,414 | -19.0% |
| Income taxes | 67/77 | €19,670 | €16,113 | -€3,557 | -18.1% |
| Profit (loss) for the period | 9904 | €66,656 | €53,799 | -€12,857 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,656 | €53,799 | -€12,857 | -19.3% |
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 1 October 2026 via checked.be.