KIARENA: 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.
KIARENA
Largest movements
- Tangible fixed assets -€33,613
down €33,613 (-4.3%), from €782,264 to €748,651
of which Land and buildings: -€32,947
- Debts after one year -€39,406
down €39,406 (-5.9%), from €667,879 to €628,473
of which Financial debts: -€39,406
- Taxes +€2,356
up €2,356, from -€205 to €2,150
- Gross operating margin -€1,685
down €1,685 (-3.2%), from €53,013 to €51,328
- Financial charges -€892
down €892 (-6.4%), from €13,873 to €12,981
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 | €795,826 | €757,612 | -€38,214 | -4.8% |
| Fixed assets | 21/28 | €782,264 | €748,651 | -€33,613 | -4.3% |
| Tangible fixed assets | 22/27 | €782,264 | €748,651 | -€33,613 | -4.3% |
| Land and buildings | 22 | €780,986 | €748,039 | -€32,947 | -4.2% |
| Furniture and vehicles | 24 | €1,278 | €612 | -€666 | -52.1% |
| Current assets | 29/58 | €13,562 | €8,961 | -€4,601 | -33.9% |
| Amounts receivable within one year | 40/41 | €14 | €706 | +€691 | +4,848% |
| Trade receivables | 40 | - | €5 | +€5 | |
| Other amounts receivable | 41 | €14 | €701 | +€687 | +4,815% |
| Cash at bank and in hand | 54/58 | €12,890 | €7,594 | -€5,297 | -41.1% |
| Deferred charges and accrued income | 490/1 | €657 | €662 | +€4 | +0.7% |
| Total equity and liabilities | 10/49 | €795,826 | €757,612 | -€38,214 | -4.8% |
| Equity | 10/15 | €51,564 | €54,082 | +€2,519 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,964 | €35,482 | +€2,519 | +7.6% |
| Distributable reserves | 133 | €32,964 | €35,482 | +€2,519 | +7.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €744,262 | €703,529 | -€40,732 | -5.5% |
| Amounts payable after more than one year | 17 | €667,879 | €628,473 | -€39,406 | -5.9% |
| Financial debts | 170/4 | €362,929 | €323,523 | -€39,406 | -10.9% |
| Other amounts payable | 178/9 | €304,950 | €304,950 | = | 0.0% |
| Amounts payable within one year | 42/48 | €62,797 | €63,429 | +€632 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €62,266 | €62,909 | +€642 | +1.0% |
| Trade debts | 44 | - | €269 | +€269 | |
| Suppliers | 440/4 | - | €269 | +€269 | |
| Taxes, remuneration and social security | 45 | €531 | €252 | -€279 | -52.6% |
| Taxes | 450/3 | €531 | €252 | -€279 | -52.6% |
| Accrued charges and deferred income | 492/3 | €13,585 | €11,627 | -€1,958 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,613 | €33,613 | = | 0.0% |
| Other operating charges | 640/8 | €445 | €66 | -€379 | -85.2% |
| Gross operating margin | 9900 | €53,013 | €51,328 | -€1,685 | -3.2% |
| Operating profit (loss) | 9901 | €18,956 | €17,650 | -€1,306 | -6.9% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €13,873 | €12,981 | -€892 | -6.4% |
| Recurring financial charges | 65 | €13,873 | €12,981 | -€892 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €5,082 | €4,669 | -€414 | -8.1% |
| Income taxes | 67/77 | -€205 | €2,150 | +€2,356 | |
| Profit (loss) for the period | 9904 | €5,288 | €2,519 | -€2,769 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,288 | €2,519 | -€2,769 | -52.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.