KIN-équil: what changed
Two financial 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-équil
Largest movements
- Tangible fixed assets +€356,691
up €356,691 (+100.0%), from €356,808 to €713,499
of which Land and buildings: +€356,654
- Cash -€60,581
down €60,581 (-56.7%), from €106,911 to €46,330
mainly Investment in fixed assets (net) (-€410,573) and Trade debts (-€9,592)
- Current investments -€15,000
no longer reported in 2025 (was €15,000)
- Debts after one year +€276,520
up €276,520 (+96.2%), from €287,542 to €564,062
- Reserves +€15,000
up €15,000 (+22.4%), from €66,860 to €81,860
- Trade debts -€9,592
down €9,592 (-82.7%), from €11,592 to €2,000
- Gross operating margin +€15,241
up €15,241 (+17.7%), from €86,062 to €101,302
- Depreciation +€13,271
up €13,271 (+32.7%), from €40,611 to €53,882
- Financial charges +€6,310
up €6,310 (+70.1%), from €9,003 to €15,313
- Taxes +€2,766
up €2,766 (+33.8%), from €8,177 to €10,942
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 | €480,645 | €764,522 | +€283,877 | +59.1% |
| Fixed assets | 21/28 | €356,846 | €713,537 | +€356,691 | +100.0% |
| Tangible fixed assets | 22/27 | €356,808 | €713,499 | +€356,691 | +100.0% |
| Land and buildings | 22 | €349,219 | €705,873 | +€356,654 | +102.1% |
| Plant, machinery and equipment | 23 | €6,522 | €7,289 | +€767 | +11.8% |
| Furniture and vehicles | 24 | €1,068 | €338 | -€730 | -68.4% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €123,799 | €50,985 | -€72,814 | -58.8% |
| Current investments | 50/53 | €15,000 | - | -€15,000 | |
| Cash at bank and in hand | 54/58 | €106,911 | €46,330 | -€60,581 | -56.7% |
| Deferred charges and accrued income | 490/1 | €1,888 | €4,655 | +€2,767 | +146.6% |
| Total equity and liabilities | 10/49 | €480,645 | €764,522 | +€283,877 | +59.1% |
| Equity | 10/15 | €118,645 | €138,399 | +€19,754 | +16.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €66,860 | €81,860 | +€15,000 | +22.4% |
| Non-distributable reserves | 130/1 | €66,860 | €81,860 | +€15,000 | +22.4% |
| Reserves not available under the articles | 1311 | €66,860 | €81,860 | +€15,000 | +22.4% |
| Profit (loss) carried forward | 14 | €39,385 | €44,139 | +€4,754 | +12.1% |
| Amounts payable | 17/49 | €362,000 | €626,123 | +€264,123 | +73.0% |
| Amounts payable after more than one year | 17 | €287,542 | €564,062 | +€276,520 | +96.2% |
| Financial debts | 170/4 | €287,542 | €564,062 | +€276,520 | +96.2% |
| Amounts payable within one year | 42/48 | €73,753 | €61,562 | -€12,192 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €43,334 | €44,026 | +€692 | +1.6% |
| Trade debts | 44 | €11,592 | €2,000 | -€9,592 | -82.7% |
| Suppliers | 440/4 | €11,592 | €2,000 | -€9,592 | -82.7% |
| Taxes, remuneration and social security | 45 | €8,457 | €10,481 | +€2,024 | +23.9% |
| Taxes | 450/3 | €8,457 | €10,481 | +€2,024 | +23.9% |
| Other amounts payable | 47/48 | €10,371 | €5,055 | -€5,316 | -51.3% |
| Accrued charges and deferred income | 492/3 | €705 | €500 | -€205 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,611 | €53,882 | +€13,271 | +32.7% |
| Other operating charges | 640/8 | €2,105 | €1,542 | -€563 | -26.7% |
| Gross operating margin | 9900 | €86,062 | €101,302 | +€15,241 | +17.7% |
| Operating profit (loss) | 9901 | €43,346 | €45,878 | +€2,533 | +5.8% |
| Financial income | 75/76B | €105 | €131 | +€26 | +25.0% |
| Recurring financial income | 75 | €105 | €131 | +€26 | +25.0% |
| Financial charges | 65/66B | €9,003 | €15,313 | +€6,310 | +70.1% |
| Recurring financial charges | 65 | €9,003 | €15,313 | +€6,310 | +70.1% |
| Profit (loss) for the period before taxes | 9903 | €34,448 | €30,697 | -€3,751 | -10.9% |
| Income taxes | 67/77 | €8,177 | €10,942 | +€2,766 | +33.8% |
| Profit (loss) for the period | 9904 | €26,271 | €19,754 | -€6,517 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,271 | €19,754 | -€6,517 | -24.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.