KirenCo: 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.
KirenCo
Largest movements
- Tangible fixed assets +€65,958
up €65,958 (+8.8%), from €751,992 to €817,950
of which Land and buildings: +€68,555
- Receivables within one year +€21,651
up €21,651 (+6,803%), from €318 to €21,969
of which Trade receivables: +€21,969
- Cash +€9,647
up €9,647 (+93.3%), from €10,343 to €19,990
mainly Depreciation (+€47,262) and Net result for the year (+€36,136)
- Profit (loss) carried forward +€36,136
up €36,136 (+45.9%), from -€78,653 to -€42,517
- Other debts +€27,523
up €27,523 (+32.0%), from €86,029 to €113,552
- Current portion of long-term debt +€18,594
up €18,594 (+36.3%), from €51,177 to €69,772
- Debts after one year +€11,489
up €11,489 (+2.1%), from €546,015 to €557,504
- Gross operating margin +€19,481
up €19,481 (+22.5%), from €86,698 to €106,180
- Other operating charges -€4,537
down €4,537 (-47.9%), from €9,466 to €4,928
- Depreciation +€4,183
up €4,183 (+9.7%), from €43,079 to €47,262
- Taxes -€1,838
down €1,838 (-100%), from €1,838 to €0
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 | €774,973 | €866,962 | +€91,989 | +11.9% |
| Fixed assets | 21/28 | €758,130 | €824,088 | +€65,958 | +8.7% |
| Tangible fixed assets | 22/27 | €751,992 | €817,950 | +€65,958 | +8.8% |
| Land and buildings | 22 | €745,164 | €813,719 | +€68,555 | +9.2% |
| Plant, machinery and equipment | 23 | €6,828 | €4,231 | -€2,597 | -38.0% |
| Financial fixed assets | 28 | €6,138 | €6,138 | = | 0.0% |
| Current assets | 29/58 | €16,843 | €42,874 | +€26,031 | +155% |
| Amounts receivable within one year | 40/41 | €318 | €21,969 | +€21,651 | +6,803% |
| Trade receivables | 40 | €0 | €21,969 | +€21,969 | |
| Other amounts receivable | 41 | €318 | €0 | -€318 | -100% |
| Cash at bank and in hand | 54/58 | €10,343 | €19,990 | +€9,647 | +93.3% |
| Deferred charges and accrued income | 490/1 | €6,181 | €915 | -€5,267 | -85.2% |
| Total equity and liabilities | 10/49 | €774,973 | €866,962 | +€91,989 | +11.9% |
| Equity | 10/15 | €79,190 | €115,326 | +€36,136 | +45.6% |
| Contributions | 10/11 | €147,600 | €147,600 | = | 0.0% |
| Reserves | 13 | €10,243 | €10,243 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €10,243 | €10,243 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,653 | -€42,517 | +€36,136 | +45.9% |
| Amounts payable | 17/49 | €695,783 | €751,636 | +€55,853 | +8.0% |
| Amounts payable after more than one year | 17 | €546,015 | €557,504 | +€11,489 | +2.1% |
| Financial debts | 170/4 | €546,015 | €557,504 | +€11,489 | +2.1% |
| Amounts payable within one year | 42/48 | €149,768 | €194,132 | +€44,365 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €51,177 | €69,772 | +€18,594 | +36.3% |
| Financial debts | 43 | €2,184 | €2,227 | +€43 | +2.0% |
| Credit institutions | 430/8 | €2,184 | €2,227 | +€43 | +2.0% |
| Trade debts | 44 | €3,670 | €2,632 | -€1,039 | -28.3% |
| Suppliers | 440/4 | €3,670 | €2,632 | -€1,039 | -28.3% |
| Taxes, remuneration and social security | 45 | €6,708 | €5,951 | -€757 | -11.3% |
| Taxes | 450/3 | €6,708 | €5,951 | -€757 | -11.3% |
| Other amounts payable | 47/48 | €86,029 | €113,552 | +€27,523 | +32.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,079 | €47,262 | +€4,183 | +9.7% |
| Other operating charges | 640/8 | €9,466 | €4,928 | -€4,537 | -47.9% |
| Gross operating margin | 9900 | €86,698 | €106,180 | +€19,481 | +22.5% |
| Operating profit (loss) | 9901 | €34,154 | €53,990 | +€19,836 | +58.1% |
| Financial income | 75/76B | €2 | €17 | +€15 | +790% |
| Recurring financial income | 75 | €2 | €17 | +€15 | +790% |
| Financial charges | 65/66B | €18,118 | €17,871 | -€246 | -1.4% |
| Recurring financial charges | 65 | €18,118 | €17,871 | -€246 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €16,038 | €36,136 | +€20,098 | +125% |
| Income taxes | 67/77 | €1,838 | €0 | -€1,838 | -100% |
| Profit (loss) for the period | 9904 | €14,201 | €36,136 | +€21,935 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €14,201 | €36,136 | +€21,935 | +154% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.