Kirsch IT: what changed
Two fiscal 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.
Kirsch IT
Largest movements
- Receivables after one year -€167,000
no longer reported in 2026 (was €167,000)
- Cash +€43,685
up €43,685 (+23.4%), from €186,310 to €229,995
mainly Receivables after one year (+€167,000) and Net result for the year (+€87,553)
- Receivables within one year +€26,511
up €26,511 (+124.2%), from €21,344 to €47,855
of which Trade receivables: +€26,514
- Reserves -€89,176
down €89,176 (-32.7%), from €273,010 to €183,834
of which Distributable reserves: -€89,176
- Other debts -€11,528
down €11,528 (-14.6%), from €79,076 to €67,548
- Tax, wage and social debts +€4,392
up €4,392 (+22.8%), from €19,232 to €23,624
of which Taxes: +€4,392
- Gross operating margin +€26,679
up €26,679 (+26.7%), from €99,756 to €126,435
- Taxes +€7,550
up €7,550 (+26.5%), from €28,498 to €36,048
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €377,851 | €283,299 | -€94,552 | -25.0% |
| Fixed assets | 21/28 | €2,378 | €4,807 | +€2,429 | +102.1% |
| Tangible fixed assets | 22/27 | €2,078 | €4,507 | +€2,429 | +116.9% |
| Furniture and vehicles | 24 | €2,078 | €4,507 | +€2,429 | +116.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €375,473 | €278,492 | -€96,981 | -25.8% |
| Amounts receivable after more than one year | 29 | €167,000 | - | -€167,000 | |
| Other amounts receivable | 291 | €167,000 | - | -€167,000 | |
| Amounts receivable within one year | 40/41 | €21,344 | €47,855 | +€26,511 | +124.2% |
| Trade receivables | 40 | €21,341 | €47,855 | +€26,514 | +124.2% |
| Other amounts receivable | 41 | €2 | - | -€2 | |
| Cash at bank and in hand | 54/58 | €186,310 | €229,995 | +€43,685 | +23.4% |
| Deferred charges and accrued income | 490/1 | €819 | €642 | -€177 | -21.6% |
| Total equity and liabilities | 10/49 | €377,851 | €283,299 | -€94,552 | -25.0% |
| Equity | 10/15 | €279,210 | €190,034 | -€89,176 | -31.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €273,010 | €183,834 | -€89,176 | -32.7% |
| 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 | €271,150 | €181,974 | -€89,176 | -32.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €98,641 | €93,265 | -€5,376 | -5.4% |
| Amounts payable within one year | 42/48 | €98,641 | €93,208 | -€5,433 | -5.5% |
| Trade debts | 44 | €333 | €2,036 | +€1,703 | +511.9% |
| Suppliers | 440/4 | €333 | €2,036 | +€1,703 | +511.9% |
| Taxes, remuneration and social security | 45 | €19,232 | €23,624 | +€4,392 | +22.8% |
| Taxes | 450/3 | €19,232 | €23,624 | +€4,392 | +22.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €79,076 | €67,548 | -€11,528 | -14.6% |
| Accrued charges and deferred income | 492/3 | - | €57 | +€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €763 | €1,483 | +€720 | +94.4% |
| Other operating charges | 640/8 | €1,070 | €1,303 | +€233 | +21.8% |
| Gross operating margin | 9900 | €99,756 | €126,435 | +€26,679 | +26.7% |
| Operating profit (loss) | 9901 | €97,923 | €123,649 | +€25,726 | +26.3% |
| Financial income | 75/76B | €0 | €7 | +€7 | |
| Recurring financial income | 75 | €0 | €7 | +€7 | |
| Financial charges | 65/66B | €58 | €55 | -€3 | -4.3% |
| Recurring financial charges | 65 | €58 | €55 | -€3 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €97,865 | €123,601 | +€25,736 | +26.3% |
| Income taxes | 67/77 | €28,498 | €36,048 | +€7,550 | +26.5% |
| Profit (loss) for the period | 9904 | €69,367 | €87,553 | +€18,186 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €69,367 | €87,553 | +€18,186 | +26.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.