KiRalCo: 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.
KiRalCo
Largest movements
- Tangible fixed assets +€303,791
up €303,791 (+107%), from €283,557 to €587,348
of which Land and buildings: +€309,356
- Cash +€30,493
up €30,493 (+193%), from €15,821 to €46,314
mainly Debts after one year (+€236,939) and Net result for the year (+€75,503)
- Debts after one year +€236,939
up €236,939 (+256%), from €92,501 to €329,439
- Reserves +€75,503
up €75,503 (+32.9%), from €229,744 to €305,247
- Current portion of long-term debt +€35,818
new in 2025: €35,818
- Tax, wage and social debts -€19,092
down €19,092 (-45.1%), from €42,370 to €23,279
- Gross operating margin +€56,909
up €56,909 (+56.9%), from €99,974 to €156,884
- Other operating charges +€22,602
up €22,602 (+261%), from €8,675 to €31,277
- Depreciation +€12,017
up €12,017 (+161%), from €7,477 to €19,493
- Financial charges +€8,792
up €8,792 (+15,971%), from €55 to €8,847
- Taxes +€3,633
up €3,633 (+19.9%), from €18,279 to €21,912
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 | €371,202 | €698,803 | +€327,601 | +88.3% |
| Fixed assets | 21/28 | €283,557 | €587,348 | +€303,791 | +107% |
| Tangible fixed assets | 22/27 | €283,557 | €587,348 | +€303,791 | +107% |
| Land and buildings | 22 | €260,916 | €570,272 | +€309,356 | +119% |
| Plant, machinery and equipment | 23 | €13,253 | €11,375 | -€1,878 | -14.2% |
| Furniture and vehicles | 24 | €7,197 | €3,510 | -€3,687 | -51.2% |
| Other tangible fixed assets | 26 | €2,191 | €2,191 | = | 0.0% |
| Current assets | 29/58 | €87,646 | €111,455 | +€23,809 | +27.2% |
| Amounts receivable within one year | 40/41 | €71,825 | €65,141 | -€6,684 | -9.3% |
| Trade receivables | 40 | €55,569 | €65,141 | +€9,573 | +17.2% |
| Other amounts receivable | 41 | €16,256 | - | -€16,256 | |
| Cash at bank and in hand | 54/58 | €15,821 | €46,314 | +€30,493 | +193% |
| Total equity and liabilities | 10/49 | €371,202 | €698,803 | +€327,601 | +88.3% |
| Equity | 10/15 | €234,744 | €310,247 | +€75,503 | +32.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €229,744 | €305,247 | +€75,503 | +32.9% |
| Distributable reserves | 133 | €229,744 | €305,247 | +€75,503 | +32.9% |
| Amounts payable | 17/49 | €136,458 | €388,556 | +€252,098 | +185% |
| Amounts payable after more than one year | 17 | €92,501 | €329,439 | +€236,939 | +256% |
| Financial debts | 170/4 | €92,501 | €329,439 | +€236,939 | +256% |
| Amounts payable within one year | 42/48 | €43,957 | €59,117 | +€15,159 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | - | €35,818 | +€35,818 | |
| Trade debts | 44 | €1,587 | - | -€1,587 | |
| Suppliers | 440/4 | €1,587 | - | -€1,587 | |
| Taxes, remuneration and social security | 45 | €42,370 | €23,279 | -€19,092 | -45.1% |
| Taxes | 450/3 | €42,370 | €23,279 | -€19,092 | -45.1% |
| Other amounts payable | 47/48 | - | €20 | +€20 | |
| Non-recurring operating income | 76A | - | €2,904 | +€2,904 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,477 | €19,493 | +€12,017 | +161% |
| Other operating charges | 640/8 | €8,675 | €31,277 | +€22,602 | +261% |
| Gross operating margin | 9900 | €99,974 | €156,884 | +€56,909 | +56.9% |
| Operating profit (loss) | 9901 | €83,822 | €106,113 | +€22,291 | +26.6% |
| Financial income | 75/76B | €780 | €149 | -€631 | -80.9% |
| Recurring financial income | 75 | €780 | €149 | -€631 | -80.9% |
| Financial charges | 65/66B | €55 | €8,847 | +€8,792 | +15,971% |
| Recurring financial charges | 65 | €55 | €8,847 | +€8,792 | +15,971% |
| Profit (loss) for the period before taxes | 9903 | €84,547 | €97,415 | +€12,868 | +15.2% |
| Income taxes | 67/77 | €18,279 | €21,912 | +€3,633 | +19.9% |
| Profit (loss) for the period | 9904 | €66,268 | €75,503 | +€9,235 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,268 | €75,503 | +€9,235 | +13.9% |
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 23 October 2026 via checked.be.