KIRILOFF M.: 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.
KIRILOFF M.
Largest movements
- Tangible fixed assets -€16,684
down €16,684 (-10.2%), from €163,097 to €146,413
- Cash +€13,858
up €13,858 (+75.9%), from €18,253 to €32,111
mainly Net result for the year (+€19,935) and Depreciation (+€16,684)
- Stocks and contracts -€11,832
down €11,832 (-41.3%), from €28,647 to €16,816
- Receivables within one year +€6,168
up €6,168 (+44.2%), from €13,941 to €20,110
of which Trade receivables: +€7,791
- Reserves +€19,935
up €19,935 (+85.8%), from €23,243 to €43,178
of which Distributable reserves: +€19,935
- Debts after one year -€17,597
down €17,597 (-12.0%), from €147,185 to €129,588
- Other debts -€16,941
down €16,941 (-81.7%), from €20,737 to €3,796
- Tax, wage and social debts +€6,404
up €6,404 (+97.7%), from €6,553 to €12,958
- Gross operating margin +€32,568
up €32,568 (+188%), from €17,368 to €49,936
- Taxes +€7,348
up €7,348 (+2,360%), from €311 to €7,660
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 | €225,438 | €216,949 | -€8,489 | -3.8% |
| Fixed assets | 21/28 | €164,597 | €147,913 | -€16,684 | -10.1% |
| Tangible fixed assets | 22/27 | €163,097 | €146,413 | -€16,684 | -10.2% |
| Land and buildings | 22 | €163,097 | €146,413 | -€16,684 | -10.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €60,842 | €69,036 | +€8,194 | +13.5% |
| Stocks and contracts in progress | 3 | €28,647 | €16,816 | -€11,832 | -41.3% |
| Stocks | 30/36 | €28,647 | €16,816 | -€11,832 | -41.3% |
| Amounts receivable within one year | 40/41 | €13,941 | €20,110 | +€6,168 | +44.2% |
| Trade receivables | 40 | €1,964 | €9,755 | +€7,791 | +397% |
| Other amounts receivable | 41 | €11,978 | €10,355 | -€1,623 | -13.5% |
| Cash at bank and in hand | 54/58 | €18,253 | €32,111 | +€13,858 | +75.9% |
| Total equity and liabilities | 10/49 | €225,438 | €216,949 | -€8,489 | -3.8% |
| Equity | 10/15 | €38,310 | €58,245 | +€19,935 | +52.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €23,243 | €43,178 | +€19,935 | +85.8% |
| 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 | €21,383 | €41,318 | +€19,935 | +93.2% |
| Profit (loss) carried forward | 14 | €2,667 | €2,667 | = | 0.0% |
| Amounts payable | 17/49 | €187,128 | €158,704 | -€28,424 | -15.2% |
| Amounts payable after more than one year | 17 | €147,185 | €129,588 | -€17,597 | -12.0% |
| Financial debts | 170/4 | €147,185 | €129,588 | -€17,597 | -12.0% |
| Amounts payable within one year | 42/48 | €39,943 | €29,116 | -€10,827 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €11,086 | €11,249 | +€163 | +1.5% |
| Trade debts | 44 | €1,567 | €1,114 | -€454 | -28.9% |
| Suppliers | 440/4 | €1,567 | €1,114 | -€454 | -28.9% |
| Taxes, remuneration and social security | 45 | €6,553 | €12,958 | +€6,404 | +97.7% |
| Taxes | 450/3 | €6,553 | €12,958 | +€6,404 | +97.7% |
| Other amounts payable | 47/48 | €20,737 | €3,796 | -€16,941 | -81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,684 | €16,684 | = | 0.0% |
| Other operating charges | 640/8 | €1,494 | €1,837 | +€343 | +22.9% |
| Gross operating margin | 9900 | €17,368 | €49,936 | +€32,568 | +188% |
| Operating profit (loss) | 9901 | -€810 | €31,415 | +€32,225 | |
| Financial income | 75/76B | €33 | €0 | -€33 | -100.0% |
| Recurring financial income | 75 | €33 | €0 | -€33 | -100.0% |
| Financial charges | 65/66B | €4,222 | €3,821 | -€401 | -9.5% |
| Recurring financial charges | 65 | €4,222 | €3,821 | -€401 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,999 | €27,594 | +€32,593 | |
| Income taxes | 67/77 | €311 | €7,660 | +€7,348 | +2,360% |
| Profit (loss) for the period | 9904 | -€5,310 | €19,935 | +€25,245 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,310 | €19,935 | +€25,245 |
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 25 October 2026 via checked.be.