KIN Belgium: what changed
KIN Belgium
Largest movements
- Tangible fixed assets -€115,948
down €115,948 (-13.9%), from €831,732 to €715,785
of which Other tangible fixed assets: -€107,939
- Cash +€75,733
up €75,733 (+53.7%), from €141,140 to €216,873
mainly Depreciation (+€115,948) and Debts after one year (+€86,746)
- Deferred charges and accrued income +€44,960
up €44,960 (+93.8%), from €47,908 to €92,868
- Receivables within one year +€32,233
up €32,233 (+9.8%), from €328,794 to €361,027
of which Trade receivables: +€19,346
- Debts after one year +€86,746
up €86,746 (+8.9%), from €970,297 to €1.1m
- Accrued charges and deferred income -€37,409
down €37,409 (-22.8%), from €163,845 to €126,436
- Gross operating margin -€91,300
down €91,300 (-9.6%), from €955,606 to €864,306
- Staff costs -€56,847
down €56,847 (-8.0%), from €714,639 to €657,791
- Financial charges +€26,206
up €26,206 (+215%), from €12,181 to €38,388
- Taxes -€17,492
down €17,492 (-89.2%), from €19,605 to €2,113
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,465,534 | €1,502,511 | +€36,978 | +2.5% |
| Fixed assets | 21/28 | €947,692 | €831,745 | -€115,948 | -12.2% |
| Tangible fixed assets | 22/27 | €831,732 | €715,785 | -€115,948 | -13.9% |
| Plant, machinery and equipment | 23 | €16,107 | €10,779 | -€5,328 | -33.1% |
| Furniture and vehicles | 24 | €17,136 | €14,455 | -€2,680 | -15.6% |
| Other tangible fixed assets | 26 | €798,489 | €690,550 | -€107,939 | -13.5% |
| Financial fixed assets | 28 | €115,960 | €115,960 | = | 0.0% |
| Current assets | 29/58 | €517,841 | €670,767 | +€152,925 | +29.5% |
| Amounts receivable within one year | 40/41 | €328,794 | €361,027 | +€32,233 | +9.8% |
| Trade receivables | 40 | €328,794 | €348,140 | +€19,346 | +5.9% |
| Other amounts receivable | 41 | - | €12,887 | +€12,887 | |
| Cash at bank and in hand | 54/58 | €141,140 | €216,873 | +€75,733 | +53.7% |
| Deferred charges and accrued income | 490/1 | €47,908 | €92,868 | +€44,960 | +93.8% |
| Total equity and liabilities | 10/49 | €1,465,534 | €1,502,511 | +€36,978 | +2.5% |
| Equity | 10/15 | €125,416 | €125,416 | = | 0.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Contributions outside capital | 11 | €65,000 | €65,000 | = | 0.0% |
| Other | 1109/19 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,416 | €60,416 | = | 0.0% |
| Amounts payable | 17/49 | €1,340,118 | €1,377,096 | +€36,978 | +2.8% |
| Amounts payable after more than one year | 17 | €970,297 | €1,057,042 | +€86,746 | +8.9% |
| Financial debts | 170/4 | €970,297 | €1,057,042 | +€86,746 | +8.9% |
| Amounts payable within one year | 42/48 | €205,976 | €193,617 | -€12,359 | -6.0% |
| Trade debts | 44 | €49,305 | €47,865 | -€1,441 | -2.9% |
| Suppliers | 440/4 | €49,305 | €47,865 | -€1,441 | -2.9% |
| Taxes, remuneration and social security | 45 | €156,671 | €145,753 | -€10,919 | -7.0% |
| Taxes | 450/3 | €47,795 | €26,723 | -€21,071 | -44.1% |
| Remuneration and social security | 454/9 | €108,876 | €119,029 | +€10,153 | +9.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €163,845 | €126,436 | -€37,409 | -22.8% |
| Remuneration, social security and pensions | 62 | €714,639 | €657,791 | -€56,847 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,872 | €115,948 | +€1,075 | +0.9% |
| Other operating charges | 640/8 | €56,353 | €50,066 | -€6,286 | -11.2% |
| Gross operating margin | 9900 | €955,606 | €864,306 | -€91,300 | -9.6% |
| Operating profit (loss) | 9901 | €69,742 | €40,501 | -€29,242 | -41.9% |
| Financial charges | 65/66B | €12,181 | €38,388 | +€26,206 | +215% |
| Recurring financial charges | 65 | €12,181 | €38,388 | +€26,206 | +215% |
| Profit (loss) for the period before taxes | 9903 | €57,561 | €2,113 | -€55,448 | -96.3% |
| Income taxes | 67/77 | €19,605 | €2,113 | -€17,492 | -89.2% |
| Profit (loss) for the period | 9904 | €37,956 | €0 | -€37,956 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €37,956 | €0 | -€37,956 | -100% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.