KYORO FULL STACK: 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.
KYORO FULL STACK
Largest movements
- Cash -€31,081
down €31,081 (-61.9%), from €50,173 to €19,092
mainly Other debts (-€46,391) and Investment in fixed assets (net) (-€4,263)
- Receivables within one year -€8,267
down €8,267 (-41.4%), from €19,982 to €11,715
of which Trade receivables: -€8,869
- Tangible fixed assets +€1,577
up €1,577 (+69.4%), from €2,273 to €3,850
of which Plant, machinery and equipment: +€870
- Other debts -€46,391
no longer reported in 2025 (was €46,391)
- Profit (loss) carried forward +€12,038
new in 2025: €12,038
- Tax, wage and social debts -€3,200
down €3,200 (-45.0%), from €7,108 to €3,908
of which Remuneration and social security: -€3,200
- Write-downs +€49,869
new in 2025: €49,869
- Gross operating margin +€10,063
up €10,063 (+17.0%), from €59,191 to €69,254
- Taxes -€8,461
down €8,461 (-68.5%), from €12,358 to €3,898
- Depreciation +€1,349
up €1,349 (+100.9%), from €1,337 to €2,686
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 | €77,441 | €39,670 | -€37,770 | -48.8% |
| Fixed assets | 21/28 | €2,273 | €3,850 | +€1,577 | +69.4% |
| Tangible fixed assets | 22/27 | €2,273 | €3,850 | +€1,577 | +69.4% |
| Plant, machinery and equipment | 23 | €1,233 | €2,103 | +€870 | +70.5% |
| Other tangible fixed assets | 26 | €1,040 | €1,747 | +€707 | +68.0% |
| Current assets | 29/58 | €75,168 | €35,820 | -€39,348 | -52.3% |
| Stocks and contracts in progress | 3 | €5,013 | €5,013 | = | 0.0% |
| Stocks | 30/36 | €5,013 | €5,013 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,982 | €11,715 | -€8,267 | -41.4% |
| Trade receivables | 40 | €18,550 | €9,681 | -€8,869 | -47.8% |
| Other amounts receivable | 41 | €1,432 | €2,035 | +€602 | +42.1% |
| Cash at bank and in hand | 54/58 | €50,173 | €19,092 | -€31,081 | -61.9% |
| Total equity and liabilities | 10/49 | €77,441 | €39,670 | -€37,770 | -48.8% |
| Equity | 10/15 | €20,460 | €32,498 | +€12,038 | +58.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €12,038 | +€12,038 | |
| Amounts payable | 17/49 | €56,981 | €7,173 | -€49,808 | -87.4% |
| Amounts payable within one year | 42/48 | €56,981 | €7,173 | -€49,808 | -87.4% |
| Trade debts | 44 | €3,481 | €3,264 | -€217 | -6.2% |
| Suppliers | 440/4 | €3,481 | €3,264 | -€217 | -6.2% |
| Taxes, remuneration and social security | 45 | €7,108 | €3,908 | -€3,200 | -45.0% |
| Taxes | 450/3 | €3,908 | €3,908 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,200 | - | -€3,200 | |
| Other amounts payable | 47/48 | €46,391 | - | -€46,391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,337 | €2,686 | +€1,349 | +100.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €49,869 | +€49,869 | |
| Other operating charges | 640/8 | - | €454 | +€454 | |
| Gross operating margin | 9900 | €59,191 | €69,254 | +€10,063 | +17.0% |
| Operating profit (loss) | 9901 | €57,854 | €16,245 | -€41,609 | -71.9% |
| Financial income | 75/76B | €114 | €18 | -€96 | -84.2% |
| Recurring financial income | 75 | €40 | €18 | -€22 | -54.8% |
| Non-recurring financial income | 76B | €75 | - | -€75 | |
| Financial charges | 65/66B | €454 | €327 | -€127 | -27.9% |
| Recurring financial charges | 65 | €313 | €327 | +€14 | +4.4% |
| Non-recurring financial charges | 66B | €141 | - | -€141 | |
| Profit (loss) for the period before taxes | 9903 | €57,514 | €15,935 | -€41,579 | -72.3% |
| Income taxes | 67/77 | €12,358 | €3,898 | -€8,461 | -68.5% |
| Profit (loss) for the period | 9904 | €45,156 | €12,038 | -€33,118 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,156 | €12,038 | -€33,118 | -73.3% |
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 28 September 2026 via checked.be.