KIRIN: 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.
KIRIN
Largest movements
- Tangible fixed assets -€18,678
down €18,678 (-20.1%), from €92,698 to €74,020
of which Furniture and vehicles: -€18,408
- Receivables within one year -€7,010
no longer reported in 2025 (was €7,010)
- Trade debts -€82,207
down €82,207 (-15.2%), from €541,833 to €459,626
- Advances received +€46,290
new in 2025: €46,290
- Profit (loss) carried forward +€7,438
up €7,438 (+37.5%), from -€19,811 to -€12,373
- Other operating charges -€48,660
down €48,660 (-98.0%), from €49,670 to €1,010
- Gross operating margin -€39,457
down €39,457 (-53.9%), from €73,194 to €33,738
- Depreciation +€18,202
up €18,202 (+3,818%), from €477 to €18,678
- Taxes -€2,509
down €2,509 (-48.1%), from €5,212 to €2,703
- Financial income -€1,783
no longer reported in 2025 (was €1,783)
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 | €563,276 | €534,934 | -€28,341 | -5.0% |
| Fixed assets | 21/28 | €92,698 | €74,020 | -€18,678 | -20.1% |
| Tangible fixed assets | 22/27 | €92,698 | €74,020 | -€18,678 | -20.1% |
| Plant, machinery and equipment | 23 | €1,350 | €1,080 | -€270 | -20.0% |
| Furniture and vehicles | 24 | €91,348 | €72,940 | -€18,408 | -20.2% |
| Current assets | 29/58 | €470,578 | €460,915 | -€9,663 | -2.1% |
| Amounts receivable within one year | 40/41 | €7,010 | - | -€7,010 | |
| Other amounts receivable | 41 | €7,010 | - | -€7,010 | |
| Cash at bank and in hand | 54/58 | €463,567 | €460,915 | -€2,653 | -0.6% |
| Total equity and liabilities | 10/49 | €563,276 | €534,934 | -€28,341 | -5.0% |
| Equity | 10/15 | -€1,211 | €6,227 | +€7,438 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,811 | -€12,373 | +€7,438 | +37.5% |
| Amounts payable | 17/49 | €564,486 | €528,707 | -€35,779 | -6.3% |
| Amounts payable within one year | 42/48 | €564,486 | €528,707 | -€35,779 | -6.3% |
| Trade debts | 44 | €541,833 | €459,626 | -€82,207 | -15.2% |
| Suppliers | 440/4 | €541,833 | €459,626 | -€82,207 | -15.2% |
| Advances received on contracts in progress | 46 | - | €46,290 | +€46,290 | |
| Taxes, remuneration and social security | 45 | €4,195 | €3,500 | -€695 | -16.6% |
| Taxes | 450/3 | €4,195 | €3,500 | -€695 | -16.6% |
| Other amounts payable | 47/48 | €18,459 | €19,291 | +€832 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €477 | €18,678 | +€18,202 | +3,818% |
| Other operating charges | 640/8 | €49,670 | €1,010 | -€48,660 | -98.0% |
| Gross operating margin | 9900 | €73,194 | €33,738 | -€39,457 | -53.9% |
| Operating profit (loss) | 9901 | €23,048 | €14,050 | -€8,998 | -39.0% |
| Financial income | 75/76B | €1,783 | - | -€1,783 | |
| Recurring financial income | 75 | €1,783 | - | -€1,783 | |
| Financial charges | 65/66B | €2,590 | €3,909 | +€1,319 | +50.9% |
| Recurring financial charges | 65 | €2,590 | €3,909 | +€1,319 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €22,241 | €10,141 | -€12,100 | -54.4% |
| Income taxes | 67/77 | €5,212 | €2,703 | -€2,509 | -48.1% |
| Profit (loss) for the period | 9904 | €17,029 | €7,438 | -€9,591 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,029 | €7,438 | -€9,591 | -56.3% |
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.