KIRSCHNER, SMITH & COMPANY: 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.
KIRSCHNER, SMITH & COMPANY
Largest movements
- Receivables within one year -€4,305
down €4,305 (-97.2%), from €4,427 to €122
of which Trade receivables: -€4,235
- Cash +€1,022
up €1,022 (+1,260%), from €81 to €1,103
mainly Net result for the year (+€19,890) and Tax, wage and social debts (+€6,356)
- Tangible fixed assets -€322
no longer reported in 2025 (was €322)
- Other debts -€31,604
down €31,604 (-28.1%), from €112,336 to €80,732
- Profit (loss) carried forward +€19,890
up €19,890 (+15.5%), from -€128,632 to -€108,743
- Tax, wage and social debts +€6,356
new in 2025: €6,356
- Trade debts +€1,754
up €1,754 (+175%), from €1,002 to €2,756
- Gross operating margin -€18,510
down €18,510 (-40.1%), from €46,183 to €27,673
- Taxes +€6,356
new in 2025: €6,356
- Financial charges +€496
up €496 (+236%), from €210 to €706
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 | €4,830 | €1,225 | -€3,605 | -74.6% |
| Fixed assets | 21/28 | €322 | - | -€322 | |
| Tangible fixed assets | 22/27 | €322 | - | -€322 | |
| Furniture and vehicles | 24 | €322 | - | -€322 | |
| Current assets | 29/58 | €4,508 | €1,225 | -€3,283 | -72.8% |
| Amounts receivable within one year | 40/41 | €4,427 | €122 | -€4,305 | -97.2% |
| Trade receivables | 40 | €4,235 | - | -€4,235 | |
| Other amounts receivable | 41 | €192 | €122 | -€70 | -36.3% |
| Cash at bank and in hand | 54/58 | €81 | €1,103 | +€1,022 | +1,260% |
| Total equity and liabilities | 10/49 | €4,830 | €1,225 | -€3,605 | -74.6% |
| Equity | 10/15 | -€108,509 | -€88,619 | +€19,890 | +18.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,124 | €1,124 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,124 | €1,124 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,124 | €1,124 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,632 | -€108,743 | +€19,890 | +15.5% |
| Amounts payable | 17/49 | €113,338 | €89,844 | -€23,494 | -20.7% |
| Amounts payable within one year | 42/48 | €113,338 | €89,844 | -€23,494 | -20.7% |
| Trade debts | 44 | €1,002 | €2,756 | +€1,754 | +175% |
| Suppliers | 440/4 | €1,002 | €2,756 | +€1,754 | +175% |
| Taxes, remuneration and social security | 45 | - | €6,356 | +€6,356 | |
| Taxes | 450/3 | - | €6,356 | +€6,356 | |
| Other amounts payable | 47/48 | €112,336 | €80,732 | -€31,604 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €744 | €322 | -€423 | -56.8% |
| Other operating charges | 640/8 | €400 | €400 | +€0 | 0.0% |
| Gross operating margin | 9900 | €46,183 | €27,673 | -€18,510 | -40.1% |
| Operating profit (loss) | 9901 | €45,039 | €26,952 | -€18,087 | -40.2% |
| Financial charges | 65/66B | €210 | €706 | +€496 | +236% |
| Recurring financial charges | 65 | €210 | €706 | +€496 | +236% |
| Profit (loss) for the period before taxes | 9903 | €44,829 | €26,246 | -€18,583 | -41.5% |
| Income taxes | 67/77 | - | €6,356 | +€6,356 | |
| Profit (loss) for the period | 9904 | €44,829 | €19,890 | -€24,939 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,829 | €19,890 | -€24,939 | -55.6% |
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 31 October 2026 via checked.be.