KIN'ELO: 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'ELO
Largest movements
- Cash +€16,322
up €16,322 (+130.1%), from €12,546 to €28,868
mainly Other debts (+€16,574) and Receivables within one year (+€16,086)
- Receivables within one year -€16,086
down €16,086 (-47.3%), from €34,042 to €17,956
of which Trade receivables: -€17,652
- Tangible fixed assets -€7,988
down €7,988 (-16.2%), from €49,301 to €41,313
of which Furniture and vehicles: -€16,997
- Other debts +€16,574
up €16,574 (+86.2%), from €19,237 to €35,811
- Tax, wage and social debts -€9,990
down €9,990 (-78.7%), from €12,688 to €2,698
- Reserves -€8,579
down €8,579 (-30.0%), from €28,579 to €20,000
- Debts after one year -€5,865
down €5,865 (-24.2%), from €24,202 to €18,336
- Depreciation +€7,503
up €7,503 (+201.4%), from €3,725 to €11,228
- Taxes -€1,319
down €1,319 (-27.8%), from €4,753 to €3,434
- Financial charges +€761
up €761 (+194.1%), from €392 to €1,153
- Gross operating margin +€544
up €544 (+2.4%), from €22,850 to €23,395
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 | €95,989 | €88,337 | -€7,652 | -8.0% |
| Fixed assets | 21/28 | €49,401 | €41,413 | -€7,988 | -16.2% |
| Tangible fixed assets | 22/27 | €49,301 | €41,313 | -€7,988 | -16.2% |
| Plant, machinery and equipment | 23 | - | €9,009 | +€9,009 | |
| Furniture and vehicles | 24 | €49,301 | €32,304 | -€16,997 | -34.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €46,588 | €46,924 | +€336 | +0.7% |
| Amounts receivable within one year | 40/41 | €34,042 | €17,956 | -€16,086 | -47.3% |
| Trade receivables | 40 | €34,042 | €16,390 | -€17,652 | -51.9% |
| Other amounts receivable | 41 | - | €1,566 | +€1,566 | |
| Cash at bank and in hand | 54/58 | €12,546 | €28,868 | +€16,322 | +130.1% |
| Deferred charges and accrued income | 490/1 | - | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €95,989 | €88,337 | -€7,652 | -8.0% |
| Equity | 10/15 | €33,579 | €25,000 | -€8,579 | -25.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,579 | €20,000 | -€8,579 | -30.0% |
| Distributable reserves | 133 | €28,579 | €20,000 | -€8,579 | -30.0% |
| Amounts payable | 17/49 | €62,410 | €63,337 | +€927 | +1.5% |
| Amounts payable after more than one year | 17 | €24,202 | €18,336 | -€5,865 | -24.2% |
| Financial debts | 170/4 | €24,202 | €18,336 | -€5,865 | -24.2% |
| Amounts payable within one year | 42/48 | €38,208 | €45,001 | +€6,792 | +17.8% |
| Financial debts | 43 | €5,662 | €5,865 | +€203 | +3.6% |
| Credit institutions | 430/8 | €5,662 | €5,865 | +€203 | +3.6% |
| Trade debts | 44 | €620 | €625 | +€5 | +0.8% |
| Suppliers | 440/4 | €620 | €625 | +€5 | +0.8% |
| Taxes, remuneration and social security | 45 | €12,688 | €2,698 | -€9,990 | -78.7% |
| Taxes | 450/3 | €12,688 | €2,698 | -€9,990 | -78.7% |
| Other amounts payable | 47/48 | €19,237 | €35,811 | +€16,574 | +86.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,725 | €11,228 | +€7,503 | +201.4% |
| Other operating charges | 640/8 | €530 | €415 | -€115 | -21.7% |
| Gross operating margin | 9900 | €22,850 | €23,395 | +€544 | +2.4% |
| Operating profit (loss) | 9901 | €18,595 | €11,751 | -€6,844 | -36.8% |
| Financial charges | 65/66B | €392 | €1,153 | +€761 | +194.1% |
| Recurring financial charges | 65 | €392 | €1,153 | +€761 | +194.1% |
| Profit (loss) for the period before taxes | 9903 | €18,203 | €10,598 | -€7,605 | -41.8% |
| Income taxes | 67/77 | €4,753 | €3,434 | -€1,319 | -27.8% |
| Profit (loss) for the period | 9904 | €13,450 | €7,164 | -€6,286 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,450 | €7,164 | -€6,286 | -46.7% |
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 5 October 2026 via checked.be.