KEFKIRLI: 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.
KEFKIRLI
Largest movements
- Cash +€8,395
up €8,395 (+154.4%), from €5,438 to €13,834
mainly Net result for the year (+€9,904) and Depreciation (+€6,158)
- Tangible fixed assets -€4,699
down €4,699 (-40.7%), from €11,553 to €6,854
- Profit (loss) carried forward +€9,904
up €9,904 (+25.4%), from -€38,975 to -€29,071
- Tax, wage and social debts -€4,228
down €4,228 (-71.3%), from €5,934 to €1,705
of which Remuneration and social security: -€4,187
- Trade debts -€1,283
down €1,283 (-94.8%), from €1,353 to €71
- Other debts -€814
down €814 (-66.5%), from €1,223 to €410
- Turnover -€46,525
no longer reported in 2025 (was €46,525)
- Purchases and services -€26,034
no longer reported in 2025 (was €26,034)
- Gross operating margin +€14,359
up €14,359 (+70.1%), from €20,492 to €34,850
- Staff costs +€3,051
up €3,051 (+20.1%), from €15,188 to €18,239
- Other operating charges -€1,095
down €1,095 (-73.3%), from €1,495 to €400
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 | €18,127 | €21,706 | +€3,579 | +19.7% |
| Fixed assets | 21/28 | €12,224 | €7,525 | -€4,699 | -38.4% |
| Tangible fixed assets | 22/27 | €11,553 | €6,854 | -€4,699 | -40.7% |
| Furniture and vehicles | 24 | €11,553 | €6,854 | -€4,699 | -40.7% |
| Financial fixed assets | 28 | €671 | €671 | = | 0.0% |
| Current assets | 29/58 | €5,903 | €14,181 | +€8,278 | +140.2% |
| Amounts receivable within one year | 40/41 | €336 | €347 | +€11 | +3.4% |
| Other amounts receivable | 41 | €336 | €347 | +€11 | +3.4% |
| Cash at bank and in hand | 54/58 | €5,438 | €13,834 | +€8,395 | +154.4% |
| Deferred charges and accrued income | 490/1 | €129 | - | -€129 | |
| Total equity and liabilities | 10/49 | €18,127 | €21,706 | +€3,579 | +19.7% |
| Equity | 10/15 | -€20,383 | -€10,479 | +€9,904 | +48.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,975 | -€29,071 | +€9,904 | +25.4% |
| Amounts payable | 17/49 | €38,510 | €32,186 | -€6,325 | -16.4% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,510 | €2,186 | -€6,325 | -74.3% |
| Trade debts | 44 | €1,353 | €71 | -€1,283 | -94.8% |
| Suppliers | 440/4 | €1,353 | €71 | -€1,283 | -94.8% |
| Taxes, remuneration and social security | 45 | €5,934 | €1,705 | -€4,228 | -71.3% |
| Taxes | 450/3 | €41 | - | -€41 | |
| Remuneration and social security | 454/9 | €5,892 | €1,705 | -€4,187 | -71.1% |
| Other amounts payable | 47/48 | €1,223 | €410 | -€814 | -66.5% |
| Turnover | 70 | €46,525 | - | -€46,525 | |
| Goods, raw materials, services and sundry goods | 60/61 | €26,034 | - | -€26,034 | |
| Remuneration, social security and pensions | 62 | €15,188 | €18,239 | +€3,051 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,135 | €6,158 | +€23 | +0.4% |
| Other operating charges | 640/8 | €1,495 | €400 | -€1,095 | -73.3% |
| Gross operating margin | 9900 | €20,492 | €34,850 | +€14,359 | +70.1% |
| Operating profit (loss) | 9901 | -€2,326 | €10,054 | +€12,380 | |
| Financial charges | 65/66B | €137 | €151 | +€14 | +10.1% |
| Recurring financial charges | 65 | €137 | €151 | +€14 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,463 | €9,904 | +€12,366 | |
| Profit (loss) for the period | 9904 | -€2,463 | €9,904 | +€12,366 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,463 | €9,904 | +€12,366 |
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 4 October 2026 via checked.be.