Kirpal: 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.
Kirpal
Largest movements
- Cash +€40,339
up €40,339 (+47.1%), from €85,566 to €125,905
mainly Other debts (+€124,155) and Net result for the year (+€32,932)
- Tangible fixed assets -€6,987
down €6,987 (-14.6%), from €47,799 to €40,812
of which Land and buildings: -€15,867
- Receivables within one year +€2,592
up €2,592 (+4.6%), from €56,110 to €58,703
of which Other amounts receivable: +€2,471
- Other debts +€124,155
up €124,155 (+1,207%), from €10,282 to €134,437
- Reserves -€87,068
down €87,068 (-60.0%), from €145,134 to €58,066
- Other operating charges +€6,483
up €6,483 (+618%), from €1,050 to €7,533
- Depreciation -€3,819
down €3,819 (-46.8%), from €8,158 to €4,339
- Gross operating margin +€2,539
up €2,539 (+4.9%), from €51,442 to €53,980
- Financial charges -€1,217
down €1,217 (-50.5%), from €2,409 to €1,193
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 | €189,967 | €225,420 | +€35,453 | +18.7% |
| Fixed assets | 21/28 | €47,799 | €40,812 | -€6,987 | -14.6% |
| Tangible fixed assets | 22/27 | €47,799 | €40,812 | -€6,987 | -14.6% |
| Land and buildings | 22 | €39,394 | €23,527 | -€15,867 | -40.3% |
| Plant, machinery and equipment | 23 | €177 | €2,710 | +€2,533 | +1,430% |
| Furniture and vehicles | 24 | €8,228 | €14,574 | +€6,347 | +77.1% |
| Current assets | 29/58 | €142,168 | €184,608 | +€42,440 | +29.9% |
| Amounts receivable within one year | 40/41 | €56,110 | €58,703 | +€2,592 | +4.6% |
| Trade receivables | 40 | €44,952 | €45,073 | +€121 | +0.3% |
| Other amounts receivable | 41 | €11,159 | €13,630 | +€2,471 | +22.1% |
| Cash at bank and in hand | 54/58 | €85,566 | €125,905 | +€40,339 | +47.1% |
| Deferred charges and accrued income | 490/1 | €492 | €0 | -€492 | -100% |
| Total equity and liabilities | 10/49 | €189,967 | €225,420 | +€35,453 | +18.7% |
| Equity | 10/15 | €163,734 | €76,666 | -€87,068 | -53.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,134 | €58,066 | -€87,068 | -60.0% |
| Distributable reserves | 133 | €145,134 | €58,066 | -€87,068 | -60.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,233 | €148,754 | +€122,521 | +467% |
| Amounts payable within one year | 42/48 | €26,233 | €148,754 | +€122,521 | +467% |
| Trade debts | 44 | €2,191 | €2,363 | +€172 | +7.9% |
| Suppliers | 440/4 | €2,191 | €2,363 | +€172 | +7.9% |
| Taxes, remuneration and social security | 45 | €13,759 | €11,953 | -€1,806 | -13.1% |
| Taxes | 450/3 | €13,759 | €11,953 | -€1,806 | -13.1% |
| Other amounts payable | 47/48 | €10,282 | €134,437 | +€124,155 | +1,207% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,158 | €4,339 | -€3,819 | -46.8% |
| Other operating charges | 640/8 | €1,050 | €7,533 | +€6,483 | +618% |
| Gross operating margin | 9900 | €51,442 | €53,980 | +€2,539 | +4.9% |
| Operating profit (loss) | 9901 | €42,234 | €42,108 | -€126 | -0.3% |
| Financial income | 75/76B | €240 | €432 | +€192 | +79.9% |
| Recurring financial income | 75 | €240 | €432 | +€192 | +79.9% |
| Financial charges | 65/66B | €2,409 | €1,193 | -€1,217 | -50.5% |
| Recurring financial charges | 65 | €2,409 | €1,193 | -€1,217 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €40,064 | €41,347 | +€1,282 | +3.2% |
| Income taxes | 67/77 | €8,803 | €8,415 | -€388 | -4.4% |
| Profit (loss) for the period | 9904 | €31,262 | €32,932 | +€1,670 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,262 | €32,932 | +€1,670 | +5.3% |
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 16 October 2026 via checked.be.