KIRIBATI: 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.
KIRIBATI
Largest movements
- Receivables within one year -€3,382
down €3,382 (-31.8%), from €10,651 to €7,269
- Tangible fixed assets -€1,377
down €1,377 (-2.4%), from €56,511 to €55,135
of which Plant, machinery and equipment: -€912
- Stocks and contracts +€1,253
up €1,253 (+34.8%), from €3,597 to €4,850
- Cash +€1,141
up €1,141 (+32.2%), from €3,548 to €4,688
mainly Tax, wage and social debts (+€3,753) and Receivables within one year (+€3,382)
- Reserves -€9,284
down €9,284 (-82.4%), from €11,264 to €1,979
- Tax, wage and social debts +€3,753
up €3,753 (+158.9%), from €2,362 to €6,116
of which Remuneration and social security: +€3,000
- Other debts +€3,205
up €3,205 (+9.9%), from €32,263 to €35,468
- Gross operating margin -€14,850
down €14,850, from €7,480 to -€7,370
- Depreciation -€2,803
down €2,803 (-67.1%), from €4,180 to €1,377
- Other operating charges -€173
down €173 (-24.2%), from €717 to €544
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 | €74,529 | €72,310 | -€2,220 | -3.0% |
| Fixed assets | 21/28 | €56,511 | €55,285 | -€1,227 | -2.2% |
| Tangible fixed assets | 22/27 | €56,511 | €55,135 | -€1,377 | -2.4% |
| Plant, machinery and equipment | 23 | €55,794 | €54,881 | -€912 | -1.6% |
| Furniture and vehicles | 24 | €718 | €253 | -€465 | -64.7% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €18,018 | €17,025 | -€993 | -5.5% |
| Stocks and contracts in progress | 3 | €3,597 | €4,850 | +€1,253 | +34.8% |
| Stocks | 30/36 | €3,597 | €4,850 | +€1,253 | +34.8% |
| Amounts receivable within one year | 40/41 | €10,651 | €7,269 | -€3,382 | -31.8% |
| Trade receivables | 40 | €10,651 | €7,269 | -€3,382 | -31.8% |
| Cash at bank and in hand | 54/58 | €3,548 | €4,688 | +€1,141 | +32.2% |
| Deferred charges and accrued income | 490/1 | €222 | €217 | -€5 | -2.1% |
| Total equity and liabilities | 10/49 | €74,529 | €72,310 | -€2,220 | -3.0% |
| Equity | 10/15 | €29,856 | €20,571 | -€9,284 | -31.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,264 | €1,979 | -€9,284 | -82.4% |
| Distributable reserves | 133 | €11,264 | €1,979 | -€9,284 | -82.4% |
| Amounts payable | 17/49 | €44,674 | €51,739 | +€7,065 | +15.8% |
| Amounts payable within one year | 42/48 | €44,674 | €51,739 | +€7,065 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €48 | €155 | +€106 | +218.8% |
| Suppliers | 440/4 | €48 | €155 | +€106 | +218.8% |
| Taxes, remuneration and social security | 45 | €2,362 | €6,116 | +€3,753 | +158.9% |
| Taxes | 450/3 | €2,362 | €3,115 | +€753 | +31.9% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €32,263 | €35,468 | +€3,205 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,180 | €1,377 | -€2,803 | -67.1% |
| Other operating charges | 640/8 | €717 | €544 | -€173 | -24.2% |
| Non-recurring operating charges | 66A | €1,771 | - | -€1,771 | |
| Gross operating margin | 9900 | €7,480 | -€7,370 | -€14,850 | |
| Operating profit (loss) | 9901 | €812 | -€9,290 | -€10,102 | |
| Financial income | 75/76B | €1 | €6 | +€6 | +1009.1% |
| Recurring financial income | 75 | €1 | €6 | +€6 | +1009.1% |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €812 | -€9,284 | -€10,097 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €812 | -€9,284 | -€10,097 | |
| Profit (loss) for the period to be appropriated | 9905 | €812 | -€9,284 | -€10,097 |
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 2 October 2026 via checked.be.