KYARA: 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.
KYARA
Largest movements
- Receivables within one year +€18,629
up €18,629 (+4.9%), from €379,890 to €398,520
of which Other amounts receivable: +€16,959
- Reserves +€26,455
up €26,455 (+13.4%), from €196,698 to €223,153
of which Distributable reserves: +€26,455
- Trade debts -€20,737
down €20,737 (-32.9%), from €63,093 to €42,356
- Tax, wage and social debts +€9,456
up €9,456 (+17.8%), from €53,030 to €62,485
- Gross operating margin -€7,239
down €7,239 (-19.8%), from €36,514 to €29,275
- Taxes -€2,688
down €2,688 (-13.9%), from €19,311 to €16,623
- Financial charges -€1,974
down €1,974 (-51.3%), from €3,844 to €1,870
- Financial income -€1,443
down €1,443 (-6.3%), from €22,873 to €21,430
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.
Cash bridge derived
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 | €412,821 | €427,994 | +€15,174 | +3.7% |
| Fixed assets | 21/28 | €2,376 | €1,547 | -€829 | -34.9% |
| Tangible fixed assets | 22/27 | €2,376 | €1,547 | -€829 | -34.9% |
| Plant, machinery and equipment | 23 | €1,240 | €772 | -€468 | -37.8% |
| Furniture and vehicles | 24 | €1,136 | €775 | -€361 | -31.7% |
| Current assets | 29/58 | €410,445 | €426,447 | +€16,002 | +3.9% |
| Amounts receivable within one year | 40/41 | €379,890 | €398,520 | +€18,629 | +4.9% |
| Trade receivables | 40 | €3,697 | €5,368 | +€1,670 | +45.2% |
| Other amounts receivable | 41 | €376,193 | €393,152 | +€16,959 | +4.5% |
| Cash at bank and in hand | 54/58 | €3,401 | €2,456 | -€945 | -27.8% |
| Deferred charges and accrued income | 490/1 | €27,154 | €25,471 | -€1,683 | -6.2% |
| Total equity and liabilities | 10/49 | €412,821 | €427,994 | +€15,174 | +3.7% |
| Equity | 10/15 | €296,698 | €323,153 | +€26,455 | +8.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €196,698 | €223,153 | +€26,455 | +13.4% |
| Non-distributable reserves | 130/1 | €2,933 | €2,933 | = | 0.0% |
| Legal reserve | 130 | €2,933 | €2,933 | = | 0.0% |
| Distributable reserves | 133 | €193,765 | €220,220 | +€26,455 | +13.7% |
| Amounts payable | 17/49 | €116,122 | €104,841 | -€11,281 | -9.7% |
| Amounts payable within one year | 42/48 | €116,122 | €104,841 | -€11,281 | -9.7% |
| Trade debts | 44 | €63,093 | €42,356 | -€20,737 | -32.9% |
| Suppliers | 440/4 | €63,093 | €42,356 | -€20,737 | -32.9% |
| Taxes, remuneration and social security | 45 | €53,030 | €62,485 | +€9,456 | +17.8% |
| Taxes | 450/3 | €53,030 | €62,485 | +€9,456 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €947 | €829 | -€119 | -12.5% |
| Other operating charges | 640/8 | €4,761 | €4,928 | +€167 | +3.5% |
| Gross operating margin | 9900 | €36,514 | €29,275 | -€7,239 | -19.8% |
| Operating profit (loss) | 9901 | €30,805 | €23,518 | -€7,287 | -23.7% |
| Financial income | 75/76B | €22,873 | €21,430 | -€1,443 | -6.3% |
| Recurring financial income | 75 | €22,873 | €21,430 | -€1,443 | -6.3% |
| Financial charges | 65/66B | €3,844 | €1,870 | -€1,974 | -51.3% |
| Recurring financial charges | 65 | €3,844 | €1,870 | -€1,974 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €49,834 | €43,077 | -€6,757 | -13.6% |
| Income taxes | 67/77 | €19,311 | €16,623 | -€2,688 | -13.9% |
| Profit (loss) for the period | 9904 | €30,524 | €26,455 | -€4,069 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,524 | €26,455 | -€4,069 | -13.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.