KIRA HGMC: what changed
KIRA HGMC
Largest movements
- Deferred charges and accrued income -€3,978
down €3,978 (-51.6%), from €7,711 to €3,733
- Cash -€584
down €584 (-9.2%), from €6,336 to €5,752
mainly Tax, wage and social debts (-€3,252) and Net result for the year (-€2,090)
- Tangible fixed assets -€554
down €554 (-100%), from €554 to €0
- Receivables within one year +€342
up €342 (+2.7%), from €12,545 to €12,888
- Tax, wage and social debts -€3,252
down €3,252 (-58.0%), from €5,602 to €2,351
- Profit (loss) carried forward -€2,090
new in 2025: -€2,090
- Trade debts +€568
up €568 (+51.7%), from €1,100 to €1,669
- Gross operating margin -€1,595
down €1,595 (-91.0%), from €1,753 to €158
- Other operating charges +€433
up €433 (+489%), from €89 to €522
- Financial charges +€107
up €107 (+129%), from €83 to €189
- Depreciation -€42
down €42 (-7.0%), from €596 to €554
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,147 | €22,373 | -€4,774 | -17.6% |
| Fixed assets | 21/28 | €554 | €0 | -€554 | -100% |
| Tangible fixed assets | 22/27 | €554 | €0 | -€554 | -100% |
| Furniture and vehicles | 24 | €554 | €0 | -€554 | -100% |
| Current assets | 29/58 | €26,593 | €22,373 | -€4,220 | -15.9% |
| Amounts receivable within one year | 40/41 | €12,545 | €12,888 | +€342 | +2.7% |
| Other amounts receivable | 41 | €12,545 | €12,888 | +€342 | +2.7% |
| Cash at bank and in hand | 54/58 | €6,336 | €5,752 | -€584 | -9.2% |
| Deferred charges and accrued income | 490/1 | €7,711 | €3,733 | -€3,978 | -51.6% |
| Total equity and liabilities | 10/49 | €27,147 | €22,373 | -€4,774 | -17.6% |
| Equity | 10/15 | €20,444 | €18,354 | -€2,090 | -10.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,444 | €17,444 | = | 0.0% |
| Distributable reserves | 133 | €17,444 | €17,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,090 | -€2,090 | |
| Amounts payable | 17/49 | €6,703 | €4,019 | -€2,683 | -40.0% |
| Amounts payable within one year | 42/48 | €6,703 | €4,019 | -€2,683 | -40.0% |
| Trade debts | 44 | €1,100 | €1,669 | +€568 | +51.7% |
| Suppliers | 440/4 | €1,100 | €1,669 | +€568 | +51.7% |
| Taxes, remuneration and social security | 45 | €5,602 | €2,351 | -€3,252 | -58.0% |
| Taxes | 450/3 | €5,602 | €2,351 | -€3,252 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596 | €554 | -€42 | -7.0% |
| Other operating charges | 640/8 | €89 | €522 | +€433 | +489% |
| Gross operating margin | 9900 | €1,753 | €158 | -€1,595 | -91.0% |
| Operating profit (loss) | 9901 | €1,069 | -€918 | -€1,986 | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €83 | €189 | +€107 | +129% |
| Recurring financial charges | 65 | €83 | €189 | +€107 | +129% |
| Profit (loss) for the period before taxes | 9903 | €993 | -€1,107 | -€2,101 | |
| Income taxes | 67/77 | €977 | €983 | +€6 | +0.6% |
| Profit (loss) for the period | 9904 | €16 | -€2,090 | -€2,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €16 | -€2,090 | -€2,106 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.