Kiraz: 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.
Kiraz
Largest movements
- Receivables within one year +€47,718
up €47,718 (+172.8%), from €27,615 to €75,333
of which Trade receivables: +€50,260
- Tangible fixed assets +€34,373
up €34,373 (+49.1%), from €69,940 to €104,313
of which Other tangible fixed assets: +€53,001
- Cash -€20,818
down €20,818 (-4.9%), from €427,158 to €406,339
mainly Investment in fixed assets (net) (-€65,187) and Receivables within one year (-€47,718)
- Reserves +€100,000
up €100,000 (+98.9%), from €101,138 to €201,138
of which Distributable reserves: +€100,000
- Profit (loss) carried forward -€59,445
down €59,445 (-19.9%), from €298,089 to €238,644
- Trade debts +€53,299
up €53,299 (+1866.7%), from €2,855 to €56,154
- Tax, wage and social debts -€33,140
down €33,140 (-26.8%), from €123,647 to €90,507
of which Taxes: -€42,271
- Turnover -€56,245
down €56,245 (-5.1%), from €1.1m to €1.1m
- Staff costs +€45,303
up €45,303 (+30.2%), from €149,957 to €195,260
- Purchases and services -€25,434
down €25,434 (-3.2%), from €804,827 to €779,392
- Taxes -€22,169
down €22,169 (-43.8%), from €50,648 to €28,479
- Gross operating margin -€21,115
down €21,115 (-6.4%), from €331,640 to €310,524
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.
Cash bridge derived
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 | €532,140 | €592,858 | +€60,718 | +11.4% |
| Fixed assets | 21/28 | €72,715 | €106,163 | +€33,448 | +46.0% |
| Intangible fixed assets | 21 | €2,775 | €1,850 | -€925 | -33.3% |
| Tangible fixed assets | 22/27 | €69,940 | €104,313 | +€34,373 | +49.1% |
| Plant, machinery and equipment | 23 | €17,023 | €7,315 | -€9,708 | -57.0% |
| Furniture and vehicles | 24 | €47,741 | €38,820 | -€8,921 | -18.7% |
| Other tangible fixed assets | 26 | €5,177 | €58,178 | +€53,001 | +1023.8% |
| Current assets | 29/58 | €459,425 | €486,695 | +€27,271 | +5.9% |
| Stocks and contracts in progress | 3 | €4,652 | €5,023 | +€371 | +8.0% |
| Stocks | 30/36 | €4,652 | €5,023 | +€371 | +8.0% |
| Amounts receivable within one year | 40/41 | €27,615 | €75,333 | +€47,718 | +172.8% |
| Trade receivables | 40 | €15,263 | €65,523 | +€50,260 | +329.3% |
| Other amounts receivable | 41 | €12,352 | €9,811 | -€2,542 | -20.6% |
| Cash at bank and in hand | 54/58 | €427,158 | €406,339 | -€20,818 | -4.9% |
| Total equity and liabilities | 10/49 | €532,140 | €592,858 | +€60,718 | +11.4% |
| Equity | 10/15 | €405,427 | €445,982 | +€40,555 | +10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,138 | €201,138 | +€100,000 | +98.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €99,278 | €199,278 | +€100,000 | +100.7% |
| Profit (loss) carried forward | 14 | €298,089 | €238,644 | -€59,445 | -19.9% |
| Amounts payable | 17/49 | €126,713 | €146,877 | +€20,163 | +15.9% |
| Amounts payable within one year | 42/48 | €126,713 | €146,877 | +€20,163 | +15.9% |
| Trade debts | 44 | €2,855 | €56,154 | +€53,299 | +1866.7% |
| Suppliers | 440/4 | €2,855 | €56,154 | +€53,299 | +1866.7% |
| Taxes, remuneration and social security | 45 | €123,647 | €90,507 | -€33,140 | -26.8% |
| Taxes | 450/3 | €121,398 | €79,127 | -€42,271 | -34.8% |
| Remuneration and social security | 454/9 | €2,249 | €11,380 | +€9,131 | +406.0% |
| Other amounts payable | 47/48 | €211 | €216 | +€4 | +2.1% |
| Turnover | 70 | €1,106,928 | €1,050,683 | -€56,245 | -5.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €804,827 | €779,392 | -€25,434 | -3.2% |
| Remuneration, social security and pensions | 62 | €149,957 | €195,260 | +€45,303 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,712 | €31,739 | +€9,027 | +39.7% |
| Other operating charges | 640/8 | €2,226 | €4,349 | +€2,124 | +95.4% |
| Gross operating margin | 9900 | €331,640 | €310,524 | -€21,115 | -6.4% |
| Operating profit (loss) | 9901 | €156,745 | €79,176 | -€77,570 | -49.5% |
| Financial income | 75/76B | €380 | €342 | -€38 | -10.1% |
| Recurring financial income | 75 | €380 | €342 | -€38 | -10.1% |
| Financial charges | 65/66B | €7,199 | €10,484 | +€3,285 | +45.6% |
| Recurring financial charges | 65 | €7,199 | €10,484 | +€3,285 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €149,926 | €69,034 | -€80,893 | -54.0% |
| Income taxes | 67/77 | €50,648 | €28,479 | -€22,169 | -43.8% |
| Profit (loss) for the period | 9904 | €99,278 | €40,555 | -€58,723 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,278 | €40,555 | -€58,723 | -59.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.