KIR: 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.
KIR
Largest movements
- Tangible fixed assets +€73,855
up €73,855 (+91.1%), from €81,106 to €154,961
of which Plant, machinery and equipment: +€64,999
- Receivables within one year +€51,834
up €51,834 (+29.4%), from €176,547 to €228,381
of which Other amounts receivable: +€50,087
- Deferred charges and accrued income +€30,024
up €30,024 (+1997.4%), from €1,503 to €31,527
- Cash +€7,862
up €7,862 (+13.8%), from €57,159 to €65,021
mainly Net result for the year (+€147,512) and Depreciation (+€31,078)
- Reserves +€147,500
up €147,500 (+82.6%), from €178,578 to €326,078
of which Distributable reserves: +€147,500
- Accrued charges and deferred income +€29,697
up €29,697 (+16949.6%), from €175 to €29,873
- Tax, wage and social debts -€11,147
down €11,147 (-12.3%), from €90,895 to €79,747
of which Taxes: -€12,890
- Debts after one year -€8,319
down €8,319 (-100.0%), from €8,319 to €0
- Gross operating margin +€115,264
up €115,264 (+40.9%), from €281,605 to €396,869
- Staff costs +€52,185
up €52,185 (+48.5%), from €107,660 to €159,845
- Taxes +€21,547
up €21,547 (+75.8%), from €28,407 to €49,954
- Other operating charges -€12,085
down €12,085 (-81.8%), from €14,780 to €2,695
- Depreciation +€8,797
up €8,797 (+39.5%), from €22,281 to €31,078
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.
Cash bridge derived
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 | €321,499 | €481,124 | +€159,625 | +49.7% |
| Fixed assets | 21/28 | €81,878 | €155,733 | +€73,855 | +90.2% |
| Tangible fixed assets | 22/27 | €81,106 | €154,961 | +€73,855 | +91.1% |
| Land and buildings | 22 | €7,099 | €1,667 | -€5,432 | -76.5% |
| Plant, machinery and equipment | 23 | €45,151 | €110,150 | +€64,999 | +144.0% |
| Furniture and vehicles | 24 | €28,856 | €43,144 | +€14,288 | +49.5% |
| Financial fixed assets | 28 | €772 | €772 | = | 0.0% |
| Current assets | 29/58 | €239,620 | €325,391 | +€85,770 | +35.8% |
| Stocks and contracts in progress | 3 | €4,411 | €461 | -€3,950 | -89.5% |
| Stocks | 30/36 | €4,411 | €461 | -€3,950 | -89.5% |
| Amounts receivable within one year | 40/41 | €176,547 | €228,381 | +€51,834 | +29.4% |
| Trade receivables | 40 | €259 | €2,006 | +€1,747 | +674.0% |
| Other amounts receivable | 41 | €176,288 | €226,375 | +€50,087 | +28.4% |
| Cash at bank and in hand | 54/58 | €57,159 | €65,021 | +€7,862 | +13.8% |
| Deferred charges and accrued income | 490/1 | €1,503 | €31,527 | +€30,024 | +1997.4% |
| Total equity and liabilities | 10/49 | €321,499 | €481,124 | +€159,625 | +49.7% |
| Equity | 10/15 | €184,927 | €332,439 | +€147,512 | +79.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €178,578 | €326,078 | +€147,500 | +82.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €176,718 | €324,218 | +€147,500 | +83.5% |
| Profit (loss) carried forward | 14 | €149 | €161 | +€12 | +8.1% |
| Amounts payable | 17/49 | €136,572 | €148,684 | +€12,113 | +8.9% |
| Amounts payable after more than one year | 17 | €8,319 | €0 | -€8,319 | -100.0% |
| Financial debts | 170/4 | €8,319 | €0 | -€8,319 | -100.0% |
| Amounts payable within one year | 42/48 | €128,078 | €118,812 | -€9,266 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €6,241 | €8,319 | +€2,078 | +33.3% |
| Trade debts | 44 | €29,967 | €29,696 | -€271 | -0.9% |
| Suppliers | 440/4 | €29,967 | €29,696 | -€271 | -0.9% |
| Taxes, remuneration and social security | 45 | €90,895 | €79,747 | -€11,147 | -12.3% |
| Taxes | 450/3 | €76,086 | €63,196 | -€12,890 | -16.9% |
| Remuneration and social security | 454/9 | €14,809 | €16,552 | +€1,743 | +11.8% |
| Other amounts payable | 47/48 | €975 | €1,050 | +€75 | +7.7% |
| Accrued charges and deferred income | 492/3 | €175 | €29,873 | +€29,697 | +16949.6% |
| Remuneration, social security and pensions | 62 | €107,660 | €159,845 | +€52,185 | +48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,281 | €31,078 | +€8,797 | +39.5% |
| Other operating charges | 640/8 | €14,780 | €2,695 | -€12,085 | -81.8% |
| Gross operating margin | 9900 | €281,605 | €396,869 | +€115,264 | +40.9% |
| Operating profit (loss) | 9901 | €136,884 | €203,251 | +€66,367 | +48.5% |
| Financial income | 75/76B | €1,358 | €1,656 | +€299 | +22.0% |
| Recurring financial income | 75 | €1,358 | €1,656 | +€299 | +22.0% |
| Financial charges | 65/66B | €11,695 | €7,442 | -€4,254 | -36.4% |
| Recurring financial charges | 65 | €11,695 | €7,442 | -€4,254 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €126,547 | €197,466 | +€70,919 | +56.0% |
| Income taxes | 67/77 | €28,407 | €49,954 | +€21,547 | +75.8% |
| Profit (loss) for the period | 9904 | €98,140 | €147,512 | +€49,372 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,140 | €147,512 | +€49,372 | +50.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.