Kirvoe: 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.
Kirvoe
Largest movements
- Cash -€8,433
down €8,433 (-99.6%), from €8,471 to €38
mainly Receivables within one year (-€4,494) and Other debts (-€2,963)
- Receivables within one year +€4,494
up €4,494 (+455%), from €988 to €5,482
- Tangible fixed assets -€460
down €460 (-38.2%), from €1,203 to €743
of which Plant, machinery and equipment: -€415
- Other debts -€2,963
no longer reported in 2025 (was €2,963)
- Reserves -€1,770
down €1,770 (-65.6%), from €2,700 to €930
- Accrued charges and deferred income +€333
new in 2025: €333
- Gross operating margin +€6,188
up €6,188 (+83.5%), from -€7,415 to -€1,227
- Financial income -€2,138
down €2,138 (-95.4%), from €2,240 to €102
of which Non-recurring financial income: -€2,085
- Staff costs -€1,660
no longer reported in 2025 (was €1,660)
- Other operating charges -€280
down €280 (-70.0%), from €400 to €120
- Financial charges -€246
down €246 (-79.0%), from €311 to €65
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 | €10,662 | €6,263 | -€4,400 | -41.3% |
| Fixed assets | 21/28 | €1,203 | €743 | -€460 | -38.2% |
| Tangible fixed assets | 22/27 | €1,203 | €743 | -€460 | -38.2% |
| Plant, machinery and equipment | 23 | €1,158 | €743 | -€415 | -35.8% |
| Furniture and vehicles | 24 | €45 | - | -€45 | |
| Current assets | 29/58 | €9,459 | €5,520 | -€3,939 | -41.6% |
| Amounts receivable within one year | 40/41 | €988 | €5,482 | +€4,494 | +455% |
| Other amounts receivable | 41 | €988 | €5,482 | +€4,494 | +455% |
| Cash at bank and in hand | 54/58 | €8,471 | €38 | -€8,433 | -99.6% |
| Total equity and liabilities | 10/49 | €10,662 | €6,263 | -€4,400 | -41.3% |
| Equity | 10/15 | €7,700 | €5,930 | -€1,770 | -23.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,700 | €930 | -€1,770 | -65.6% |
| Distributable reserves | 133 | €2,700 | €930 | -€1,770 | -65.6% |
| Amounts payable | 17/49 | €2,963 | €333 | -€2,629 | -88.8% |
| Amounts payable within one year | 42/48 | €2,963 | - | -€2,963 | |
| Other amounts payable | 47/48 | €2,963 | - | -€2,963 | |
| Accrued charges and deferred income | 492/3 | - | €333 | +€333 | |
| Remuneration, social security and pensions | 62 | €1,660 | - | -€1,660 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €642 | €460 | -€182 | -28.4% |
| Other operating charges | 640/8 | €400 | €120 | -€280 | -70.0% |
| Non-recurring operating charges | 66A | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€7,415 | -€1,227 | +€6,188 | +83.5% |
| Operating profit (loss) | 9901 | -€10,505 | -€1,807 | +€8,698 | +82.8% |
| Financial income | 75/76B | €2,240 | €102 | -€2,138 | -95.4% |
| Recurring financial income | 75 | €119 | €66 | -€53 | -44.2% |
| Non-recurring financial income | 76B | €2,121 | €36 | -€2,085 | -98.3% |
| Financial charges | 65/66B | €311 | €65 | -€246 | -79.0% |
| Recurring financial charges | 65 | €311 | €65 | -€246 | -79.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,576 | -€1,770 | +€6,805 | +79.4% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€8,576 | -€1,770 | +€6,805 | +79.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,576 | -€1,770 | +€6,805 | +79.4% |
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.