Kin-Aqua: 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.
Kin-Aqua
Largest movements
- Tangible fixed assets -€14,706
down €14,706 (-13.4%), from €110,104 to €95,399
of which Furniture and vehicles: -€11,862
- Cash +€8,524
up €8,524 (+6.5%), from €130,414 to €138,938
mainly Other debts (+€64,000) and Depreciation (+€21,255)
- Other debts +€64,000
new in 2025: €64,000
- Reserves -€54,000
down €54,000 (-28.7%), from €188,352 to €134,352
of which Distributable reserves: -€54,000
- Debts after one year -€9,956
down €9,956 (-27.9%), from €35,675 to €25,719
- Tax, wage and social debts -€4,772
down €4,772 (-54.2%), from €8,811 to €4,038
- Trade debts -€3,826
down €3,826 (-66.2%), from €5,783 to €1,957
- Gross operating margin -€19,630
down €19,630 (-33.7%), from €58,220 to €38,590
- Depreciation +€7,191
up €7,191 (+51.1%), from €14,064 to €21,255
- Taxes -€6,255
down €6,255 (-61.4%), from €10,193 to €3,939
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 | €256,310 | €248,272 | -€8,038 | -3.1% |
| Fixed assets | 21/28 | €110,104 | €95,399 | -€14,706 | -13.4% |
| Tangible fixed assets | 22/27 | €110,104 | €95,399 | -€14,706 | -13.4% |
| Plant, machinery and equipment | 23 | €3,073 | €8,035 | +€4,962 | +161.4% |
| Furniture and vehicles | 24 | €53,856 | €41,994 | -€11,862 | -22.0% |
| Other tangible fixed assets | 26 | €53,174 | €45,370 | -€7,805 | -14.7% |
| Current assets | 29/58 | €146,205 | €152,873 | +€6,668 | +4.6% |
| Amounts receivable within one year | 40/41 | €7,617 | €7,061 | -€556 | -7.3% |
| Trade receivables | 40 | €2,500 | - | -€2,500 | |
| Other amounts receivable | 41 | €5,117 | €7,061 | +€1,944 | +38.0% |
| Cash at bank and in hand | 54/58 | €130,414 | €138,938 | +€8,524 | +6.5% |
| Deferred charges and accrued income | 490/1 | €8,174 | €6,874 | -€1,300 | -15.9% |
| Total equity and liabilities | 10/49 | €256,310 | €248,272 | -€8,038 | -3.1% |
| Equity | 10/15 | €196,062 | €142,584 | -€53,478 | -27.3% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €188,352 | €134,352 | -€54,000 | -28.7% |
| Tax-exempt reserves | 132 | €14,111 | €14,111 | = | 0.0% |
| Distributable reserves | 133 | €174,240 | €120,240 | -€54,000 | -31.0% |
| Profit (loss) carried forward | 14 | -€6,549 | -€6,028 | +€522 | +8.0% |
| Amounts payable | 17/49 | €60,247 | €105,688 | +€45,440 | +75.4% |
| Amounts payable after more than one year | 17 | €35,675 | €25,719 | -€9,956 | -27.9% |
| Financial debts | 170/4 | €35,675 | €25,719 | -€9,956 | -27.9% |
| Amounts payable within one year | 42/48 | €24,549 | €79,951 | +€55,402 | +225.7% |
| Current portion of amounts payable after more than one year | 42 | €9,956 | €9,956 | = | 0.0% |
| Trade debts | 44 | €5,783 | €1,957 | -€3,826 | -66.2% |
| Suppliers | 440/4 | €5,783 | €1,957 | -€3,826 | -66.2% |
| Taxes, remuneration and social security | 45 | €8,811 | €4,038 | -€4,772 | -54.2% |
| Taxes | 450/3 | €8,811 | €4,038 | -€4,772 | -54.2% |
| Other amounts payable | 47/48 | - | €64,000 | +€64,000 | |
| Accrued charges and deferred income | 492/3 | €23 | €17 | -€6 | -24.6% |
| Non-recurring operating income | 76A | €3,358 | - | -€3,358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,064 | €21,255 | +€7,191 | +51.1% |
| Other operating charges | 640/8 | €1,311 | €1,120 | -€191 | -14.6% |
| Non-recurring operating charges | 66A | €842 | - | -€842 | |
| Gross operating margin | 9900 | €58,220 | €38,590 | -€19,630 | -33.7% |
| Operating profit (loss) | 9901 | €42,002 | €16,214 | -€25,788 | -61.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,201 | €1,754 | +€552 | +46.0% |
| Recurring financial charges | 65 | €1,201 | €1,754 | +€552 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €40,803 | €14,461 | -€26,343 | -64.6% |
| Income taxes | 67/77 | €10,193 | €3,939 | -€6,255 | -61.4% |
| Profit (loss) for the period | 9904 | €30,610 | €10,522 | -€20,088 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,610 | €10,522 | -€20,088 | -65.6% |
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 8 October 2026 via checked.be.