KiRaCh: 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.
KiRaCh
Largest movements
- Receivables within one year -€82,066
down €82,066 (-64.6%), from €126,971 to €44,905
of which Other amounts receivable: -€66,906
- Tangible fixed assets -€4,068
down €4,068 (-18.4%), from €22,097 to €18,029
of which Plant, machinery and equipment: -€2,466
- Deferred charges and accrued income +€2,807
up €2,807 (+70.3%), from €3,995 to €6,802
- Cash +€2,291
up €2,291 (+37.0%), from €6,195 to €8,486
mainly Receivables within one year (+€82,066) and Depreciation (+€4,349)
- Tax, wage and social debts -€36,295
down €36,295 (-99.9%), from €36,314 to €19
- Current portion of long-term debt -€16,597
no longer reported in 2025 (was €16,597)
- Debts after one year -€10,979
no longer reported in 2025 (was €10,979)
- Reserves -€8,489
down €8,489 (-21.2%), from €40,005 to €31,516
- Trade debts -€4,417
down €4,417 (-25.8%), from €17,141 to €12,724
- Gross operating margin -€46,718
down €46,718 (-85.7%), from €54,492 to €7,774
- Taxes -€19,991
down €19,991, from €19,060 to -€931
- Other operating charges -€612
down €612 (-40.7%), from €1,504 to €892
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 | €161,458 | €79,837 | -€81,620 | -50.6% |
| Fixed assets | 21/28 | €22,097 | €18,029 | -€4,068 | -18.4% |
| Tangible fixed assets | 22/27 | €22,097 | €18,029 | -€4,068 | -18.4% |
| Plant, machinery and equipment | 23 | €18,216 | €15,750 | -€2,466 | -13.5% |
| Furniture and vehicles | 24 | €3,881 | €2,279 | -€1,602 | -41.3% |
| Current assets | 29/58 | €139,361 | €61,809 | -€77,552 | -55.6% |
| Stocks and contracts in progress | 3 | €2,200 | €1,615 | -€585 | -26.6% |
| Stocks | 30/36 | €2,200 | €1,615 | -€585 | -26.6% |
| Amounts receivable within one year | 40/41 | €126,971 | €44,905 | -€82,066 | -64.6% |
| Trade receivables | 40 | €15,239 | €79 | -€15,160 | -99.5% |
| Other amounts receivable | 41 | €111,732 | €44,826 | -€66,906 | -59.9% |
| Cash at bank and in hand | 54/58 | €6,195 | €8,486 | +€2,291 | +37.0% |
| Deferred charges and accrued income | 490/1 | €3,995 | €6,802 | +€2,807 | +70.3% |
| Total equity and liabilities | 10/49 | €161,458 | €79,837 | -€81,620 | -50.6% |
| Equity | 10/15 | €60,465 | €51,976 | -€8,489 | -14.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €40,005 | €31,516 | -€8,489 | -21.2% |
| Distributable reserves | 133 | €40,005 | €31,516 | -€8,489 | -21.2% |
| Amounts payable | 17/49 | €100,993 | €27,861 | -€73,131 | -72.4% |
| Amounts payable after more than one year | 17 | €10,979 | - | -€10,979 | |
| Financial debts | 170/4 | €10,979 | - | -€10,979 | |
| Amounts payable within one year | 42/48 | €86,979 | €26,270 | -€60,709 | -69.8% |
| Current portion of amounts payable after more than one year | 42 | €16,597 | - | -€16,597 | |
| Financial debts | 43 | €16,928 | €13,528 | -€3,400 | -20.1% |
| Credit institutions | 430/8 | €16,928 | €13,528 | -€3,400 | -20.1% |
| Trade debts | 44 | €17,141 | €12,724 | -€4,417 | -25.8% |
| Suppliers | 440/4 | €17,141 | €12,724 | -€4,417 | -25.8% |
| Taxes, remuneration and social security | 45 | €36,314 | €19 | -€36,295 | -99.9% |
| Taxes | 450/3 | €36,314 | €19 | -€36,295 | -99.9% |
| Accrued charges and deferred income | 492/3 | €3,034 | €1,591 | -€1,443 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,052 | €4,349 | +€297 | +7.3% |
| Other operating charges | 640/8 | €1,504 | €892 | -€612 | -40.7% |
| Gross operating margin | 9900 | €54,492 | €7,774 | -€46,718 | -85.7% |
| Operating profit (loss) | 9901 | €48,936 | €2,533 | -€46,402 | -94.8% |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.4% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.4% |
| Financial charges | 65/66B | €11,099 | €11,113 | +€14 | +0.1% |
| Recurring financial charges | 65 | €11,099 | €11,113 | +€14 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €37,856 | -€8,580 | -€46,436 | |
| Income taxes | 67/77 | €19,060 | -€931 | -€19,991 | |
| Profit (loss) for the period | 9904 | €18,796 | -€7,649 | -€26,445 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,796 | -€7,649 | -€26,445 |
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 14 October 2026 via checked.be.