KIRMAR: 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.
KIRMAR
Largest movements
- Cash +€168,704
up €168,704 (+72.3%), from €233,383 to €402,088
mainly Other debts (+€481,287) and Receivables after one year (+€150,000)
- Receivables after one year -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Receivables within one year +€129,006
up €129,006 (+160.0%), from €80,610 to €209,615
of which Other amounts receivable: +€160,408
- Tangible fixed assets -€16,469
down €16,469 (-5.5%), from €299,028 to €282,559
of which Land and buildings: -€8,268
- Other debts +€481,287
up €481,287, from €0 to €481,287
- Reserves -€339,912
down €339,912 (-32.6%), from €1.0m to €703,271
- Tax, wage and social debts +€18,725
up €18,725 (+179.4%), from €10,437 to €29,163
of which Taxes: +€16,402
- Gross operating margin +€38,992
up €38,992 (+17.8%), from €219,517 to €258,510
- Financial charges +€20,336
up €20,336, from -€16,764 to €3,572
- Taxes -€12,674
down €12,674 (-23.9%), from €53,037 to €40,363
- Financial income -€5,008
down €5,008 (-43.7%), from €11,463 to €6,455
- Other operating charges +€3,876
up €3,876 (+223.8%), from €1,732 to €5,607
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 | €1,133,277 | €1,265,942 | +€132,665 | +11.7% |
| Fixed assets | 21/28 | €299,703 | €285,734 | -€13,969 | -4.7% |
| Tangible fixed assets | 22/27 | €299,028 | €282,559 | -€16,469 | -5.5% |
| Land and buildings | 22 | €287,564 | €279,296 | -€8,268 | -2.9% |
| Furniture and vehicles | 24 | €11,464 | €3,263 | -€8,201 | -71.5% |
| Financial fixed assets | 28 | €675 | €3,175 | +€2,500 | +370.4% |
| Current assets | 29/58 | €833,574 | €980,208 | +€146,634 | +17.6% |
| Amounts receivable after more than one year | 29 | €150,000 | €0 | -€150,000 | -100.0% |
| Other amounts receivable | 291 | €150,000 | €0 | -€150,000 | -100.0% |
| Stocks and contracts in progress | 3 | €115,823 | €115,823 | = | 0.0% |
| Stocks | 30/36 | €115,823 | €115,823 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €80,610 | €209,615 | +€129,006 | +160.0% |
| Trade receivables | 40 | €62,541 | €31,138 | -€31,403 | -50.2% |
| Other amounts receivable | 41 | €18,068 | €178,477 | +€160,408 | +887.8% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €233,383 | €402,088 | +€168,704 | +72.3% |
| Deferred charges and accrued income | 490/1 | €3,759 | €2,683 | -€1,076 | -28.6% |
| Total equity and liabilities | 10/49 | €1,133,277 | €1,265,942 | +€132,665 | +11.7% |
| Equity | 10/15 | €1,061,784 | €721,871 | -€339,912 | -32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,043,184 | €703,271 | -€339,912 | -32.6% |
| Distributable reserves | 133 | €1,043,184 | €703,271 | -€339,912 | -32.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,494 | €544,071 | +€472,577 | +661.0% |
| Amounts payable after more than one year | 17 | €10,773 | €0 | -€10,773 | -100.0% |
| Financial debts | 170/4 | €10,773 | €0 | -€10,773 | -100.0% |
| Amounts payable within one year | 42/48 | €60,721 | €543,296 | +€482,575 | +794.7% |
| Current portion of amounts payable after more than one year | 42 | €21,387 | €10,773 | -€10,614 | -49.6% |
| Financial debts | 43 | €20,850 | €17,688 | -€3,162 | -15.2% |
| Credit institutions | 430/8 | €20,850 | €17,688 | -€3,162 | -15.2% |
| Trade debts | 44 | €8,046 | €4,385 | -€3,661 | -45.5% |
| Suppliers | 440/4 | €8,046 | €4,385 | -€3,661 | -45.5% |
| Taxes, remuneration and social security | 45 | €10,437 | €29,163 | +€18,725 | +179.4% |
| Taxes | 450/3 | €2,041 | €18,444 | +€16,402 | +803.4% |
| Remuneration and social security | 454/9 | €8,396 | €10,719 | +€2,323 | +27.7% |
| Other amounts payable | 47/48 | €0 | €481,287 | +€481,287 | |
| Accrued charges and deferred income | 492/3 | - | €775 | +€775 | |
| Non-recurring operating income | 76A | €0 | €10,148 | +€10,148 | |
| Remuneration, social security and pensions | 62 | €55,025 | €57,579 | +€2,554 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,401 | €16,469 | -€2,932 | -15.1% |
| Other operating charges | 640/8 | €1,732 | €5,607 | +€3,876 | +223.8% |
| Gross operating margin | 9900 | €219,517 | €258,510 | +€38,992 | +17.8% |
| Operating profit (loss) | 9901 | €143,360 | €178,855 | +€35,495 | +24.8% |
| Financial income | 75/76B | €11,463 | €6,455 | -€5,008 | -43.7% |
| Recurring financial income | 75 | €11,463 | €6,455 | -€5,008 | -43.7% |
| Financial charges | 65/66B | -€16,764 | €3,572 | +€20,336 | |
| Recurring financial charges | 65 | -€16,764 | €3,572 | +€20,336 | |
| Profit (loss) for the period before taxes | 9903 | €171,587 | €181,737 | +€10,150 | +5.9% |
| Income taxes | 67/77 | €53,037 | €40,363 | -€12,674 | -23.9% |
| Profit (loss) for the period | 9904 | €118,550 | €141,374 | +€22,824 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €118,550 | €141,374 | +€22,824 | +19.3% |
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 10 October 2026 via checked.be.