Kirsfinck: 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.
Kirsfinck
Largest movements
- Tangible fixed assets +€6,373
up €6,373 (+28.7%), from €22,218 to €28,591
of which Furniture and vehicles: +€5,664
- Profit (loss) carried forward +€30,541
up €30,541 (+22.9%), from -€133,428 to -€102,887
- Debts after one year -€29,760
down €29,760 (-66.4%), from €44,848 to €15,088
- Other debts +€12,299
up €12,299 (+17.7%), from €69,350 to €81,648
- Current portion of long-term debt -€6,695
down €6,695 (-18.4%), from €36,454 to €29,760
- Tax, wage and social debts -€2,021
down €2,021 (-3.1%), from €65,389 to €63,368
of which Remuneration and social security: -€4,235
- Gross operating margin +€30,258
up €30,258 (+22.8%), from €132,608 to €162,865
- Depreciation +€6,354
up €6,354 (+92.1%), from €6,896 to €13,250
- Taxes +€2,654
up €2,654 (+16.5%), from €16,055 to €18,709
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 | €178,481 | €184,740 | +€6,259 | +3.5% |
| Fixed assets | 21/28 | €22,218 | €28,591 | +€6,373 | +28.7% |
| Tangible fixed assets | 22/27 | €22,218 | €28,591 | +€6,373 | +28.7% |
| Plant, machinery and equipment | 23 | - | €709 | +€709 | |
| Furniture and vehicles | 24 | €22,218 | €27,882 | +€5,664 | +25.5% |
| Current assets | 29/58 | €156,263 | €156,149 | -€114 | -0.1% |
| Amounts receivable within one year | 40/41 | €153,636 | €155,208 | +€1,572 | +1.0% |
| Trade receivables | 40 | €22,109 | €22,290 | +€181 | +0.8% |
| Other amounts receivable | 41 | €131,526 | €132,917 | +€1,391 | +1.1% |
| Cash at bank and in hand | 54/58 | €1,493 | €942 | -€552 | -36.9% |
| Deferred charges and accrued income | 490/1 | €1,134 | - | -€1,134 | |
| Total equity and liabilities | 10/49 | €178,481 | €184,740 | +€6,259 | +3.5% |
| Equity | 10/15 | -€62,634 | -€32,093 | +€30,541 | +48.8% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €2,194 | €2,194 | = | 0.0% |
| Distributable reserves | 133 | €2,194 | €2,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,428 | -€102,887 | +€30,541 | +22.9% |
| Amounts payable | 17/49 | €241,115 | €216,833 | -€24,282 | -10.1% |
| Amounts payable after more than one year | 17 | €44,848 | €15,088 | -€29,760 | -66.4% |
| Financial debts | 170/4 | €44,848 | €15,088 | -€29,760 | -66.4% |
| Amounts payable within one year | 42/48 | €196,267 | €201,745 | +€5,478 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €36,454 | €29,760 | -€6,695 | -18.4% |
| Financial debts | 43 | €9,816 | €9,968 | +€153 | +1.6% |
| Credit institutions | 430/8 | €9,816 | €9,968 | +€153 | +1.6% |
| Trade debts | 44 | €15,259 | €17,001 | +€1,742 | +11.4% |
| Suppliers | 440/4 | €15,259 | €17,001 | +€1,742 | +11.4% |
| Taxes, remuneration and social security | 45 | €65,389 | €63,368 | -€2,021 | -3.1% |
| Taxes | 450/3 | €38,415 | €40,629 | +€2,214 | +5.8% |
| Remuneration and social security | 454/9 | €26,973 | €22,739 | -€4,235 | -15.7% |
| Other amounts payable | 47/48 | €69,350 | €81,648 | +€12,299 | +17.7% |
| Remuneration, social security and pensions | 62 | €91,359 | €92,202 | +€843 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,896 | €13,250 | +€6,354 | +92.1% |
| Other operating charges | 640/8 | €1,690 | €2,892 | +€1,202 | +71.2% |
| Gross operating margin | 9900 | €132,608 | €162,865 | +€30,258 | +22.8% |
| Operating profit (loss) | 9901 | €32,663 | €54,521 | +€21,858 | +66.9% |
| Financial income | 75/76B | €0 | €38 | +€38 | +13,904% |
| Recurring financial income | 75 | €0 | €38 | +€38 | +13,904% |
| Financial charges | 65/66B | €5,559 | €5,309 | -€249 | -4.5% |
| Recurring financial charges | 65 | €5,559 | €5,309 | -€249 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €27,105 | €49,250 | +€22,145 | +81.7% |
| Income taxes | 67/77 | €16,055 | €18,709 | +€2,654 | +16.5% |
| Profit (loss) for the period | 9904 | €11,049 | €30,541 | +€19,492 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €11,049 | €30,541 | +€19,492 | +176% |
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.