KIRO-PROJECTS: what changed
KIRO-PROJECTS
Largest movements
- Receivables within one year -€15,892
down €15,892 (-95.9%), from €16,577 to €685
of which Trade receivables: -€15,466
- Stocks and contracts +€15,545
up €15,545 (+9.4%), from €165,744 to €181,289
- Cash -€3,809
down €3,809 (-70.3%), from €5,421 to €1,612
mainly Stocks and contracts (-€15,545) and Net result for the year (-€6,430)
- Profit (loss) carried forward -€6,430
down €6,430 (-12.3%), from -€52,382 to -€58,812
- Trade debts +€3,244
up €3,244 (+32.2%), from €10,080 to €13,324
- Advances received -€2,650
no longer reported in 2025 (was €2,650)
- Financial charges -€24,288
down €24,288 (-90.1%), from €26,965 to €2,677
- Gross operating margin +€15,712
up €15,712 (+81.1%), from -€19,378 to -€3,665
- Financial income +€233
up €233 (+351%), from €67 to €300
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,742 | €183,586 | -€4,156 | -2.2% |
| Current assets | 29/58 | €187,742 | €183,586 | -€4,156 | -2.2% |
| Stocks and contracts in progress | 3 | €165,744 | €181,289 | +€15,545 | +9.4% |
| Stocks | 30/36 | €165,744 | €181,289 | +€15,545 | +9.4% |
| Amounts receivable within one year | 40/41 | €16,577 | €685 | -€15,892 | -95.9% |
| Trade receivables | 40 | €15,466 | - | -€15,466 | |
| Other amounts receivable | 41 | €1,111 | €685 | -€426 | -38.3% |
| Cash at bank and in hand | 54/58 | €5,421 | €1,612 | -€3,809 | -70.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €187,742 | €183,586 | -€4,156 | -2.2% |
| Equity | 10/15 | -€47,382 | -€53,812 | -€6,430 | -13.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,382 | -€58,812 | -€6,430 | -12.3% |
| Amounts payable | 17/49 | €235,124 | €237,398 | +€2,274 | +1.0% |
| Amounts payable within one year | 42/48 | €235,124 | €237,398 | +€2,274 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €10,080 | €13,324 | +€3,244 | +32.2% |
| Suppliers | 440/4 | €10,080 | €13,324 | +€3,244 | +32.2% |
| Advances received on contracts in progress | 46 | €2,650 | - | -€2,650 | |
| Other amounts payable | 47/48 | €222,395 | €224,074 | +€1,680 | +0.8% |
| Other operating charges | 640/8 | €553 | €387 | -€166 | -30.0% |
| Gross operating margin | 9900 | -€19,378 | -€3,665 | +€15,712 | +81.1% |
| Operating profit (loss) | 9901 | -€19,931 | -€4,052 | +€15,878 | +79.7% |
| Financial income | 75/76B | €67 | €300 | +€233 | +351% |
| Recurring financial income | 75 | €67 | €300 | +€233 | +351% |
| Financial charges | 65/66B | €26,965 | €2,677 | -€24,288 | -90.1% |
| Recurring financial charges | 65 | €26,965 | €2,677 | -€24,288 | -90.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,830 | -€6,430 | +€40,400 | +86.3% |
| Profit (loss) for the period | 9904 | -€46,830 | -€6,430 | +€40,400 | +86.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,830 | -€6,430 | +€40,400 | +86.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.