KIRA-RAES: what changed
KIRA-RAES
Largest movements
- Cash -€95,842
down €95,842 (-57.8%), from €165,947 to €70,106
mainly Tax, wage and social debts (-€32,479) and Contributions, distributions and other (-€27,000)
- Current investments +€20,000
new in 2025: €20,000
- Receivables within one year +€14,346
up €14,346 (+26.3%), from €54,492 to €68,838
of which Other amounts receivable: +€17,708
- Tangible fixed assets +€8,324
up €8,324 (+22.4%), from €37,225 to €45,549
of which Furniture and vehicles: +€9,963
- Tax, wage and social debts -€32,479
down €32,479 (-75.5%), from €43,020 to €10,541
- Reserves -€19,700
down €19,700 (-7.2%), from €273,840 to €254,140
- Accrued charges and deferred income -€4,245
down €4,245 (-91.4%), from €4,644 to €400
- Gross operating margin -€157,958
down €157,958 (-88.3%), from €178,829 to €20,871
- Taxes -€47,855
down €47,855 (-91.1%), from €52,527 to €4,672
- Depreciation +€2,487
up €2,487 (+41.8%), from €5,946 to €8,433
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 | €360,376 | €306,721 | -€53,655 | -14.9% |
| Fixed assets | 21/28 | €37,275 | €45,599 | +€8,324 | +22.3% |
| Tangible fixed assets | 22/27 | €37,225 | €45,549 | +€8,324 | +22.4% |
| Land and buildings | 22 | €15,762 | €12,080 | -€3,682 | -23.4% |
| Plant, machinery and equipment | 23 | €18,507 | €17,591 | -€916 | -4.9% |
| Furniture and vehicles | 24 | €2,956 | €12,919 | +€9,963 | +337% |
| Other tangible fixed assets | 26 | - | €2,959 | +€2,959 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €323,101 | €261,122 | -€61,980 | -19.2% |
| Amounts receivable after more than one year | 29 | €97,000 | €97,000 | = | 0.0% |
| Other amounts receivable | 291 | €97,000 | €97,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,492 | €68,838 | +€14,346 | +26.3% |
| Trade receivables | 40 | €51,455 | €48,094 | -€3,362 | -6.5% |
| Other amounts receivable | 41 | €3,037 | €20,745 | +€17,708 | +583% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €165,947 | €70,106 | -€95,842 | -57.8% |
| Deferred charges and accrued income | 490/1 | €5,662 | €5,178 | -€484 | -8.6% |
| Total equity and liabilities | 10/49 | €360,376 | €306,721 | -€53,655 | -14.9% |
| Equity | 10/15 | €310,568 | €290,938 | -€19,630 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €273,840 | €254,140 | -€19,700 | -7.2% |
| Distributable reserves | 133 | €273,840 | €254,140 | -€19,700 | -7.2% |
| Profit (loss) carried forward | 14 | €18,128 | €18,198 | +€70 | +0.4% |
| Amounts payable | 17/49 | €49,808 | €15,783 | -€34,025 | -68.3% |
| Amounts payable within one year | 42/48 | €45,164 | €15,384 | -€29,780 | -65.9% |
| Trade debts | 44 | €2,144 | €4,842 | +€2,699 | +126% |
| Suppliers | 440/4 | €2,144 | €4,842 | +€2,699 | +126% |
| Taxes, remuneration and social security | 45 | €43,020 | €10,541 | -€32,479 | -75.5% |
| Taxes | 450/3 | €43,020 | €10,541 | -€32,479 | -75.5% |
| Accrued charges and deferred income | 492/3 | €4,644 | €400 | -€4,245 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,946 | €8,433 | +€2,487 | +41.8% |
| Other operating charges | 640/8 | €2,814 | €1,146 | -€1,668 | -59.3% |
| Gross operating margin | 9900 | €178,829 | €20,871 | -€157,958 | -88.3% |
| Operating profit (loss) | 9901 | €170,069 | €11,292 | -€158,777 | -93.4% |
| Financial income | 75/76B | €2,251 | €2,303 | +€52 | +2.3% |
| Recurring financial income | 75 | €2,251 | €2,303 | +€52 | +2.3% |
| Financial charges | 65/66B | €1,181 | €1,554 | +€373 | +31.6% |
| Recurring financial charges | 65 | €1,181 | €1,554 | +€373 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €171,139 | €12,042 | -€159,098 | -93.0% |
| Income taxes | 67/77 | €52,527 | €4,672 | -€47,855 | -91.1% |
| Profit (loss) for the period | 9904 | €118,612 | €7,370 | -€111,242 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €118,612 | €7,370 | -€111,242 | -93.8% |
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 5 November 2026 via checked.be.