KIN Gallery: 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 Gallery
Largest movements
- Tangible fixed assets -€29,272
down €29,272 (-16.1%), from €181,961 to €152,688
of which Other tangible fixed assets: -€21,443
- Stocks and contracts -€4,206
down €4,206 (-28.8%), from €14,606 to €10,400
- Receivables within one year +€2,887
up €2,887 (+12.6%), from €23,000 to €25,887
of which Trade receivables: +€2,386
- Other debts +€112,898
up €112,898 (+91.7%), from €123,178 to €236,076
- Profit (loss) carried forward -€110,250
down €110,250 (-56.0%), from -€196,959 to -€307,209
- Advances received -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Accrued charges and deferred income -€9,605
down €9,605 (-99.8%), from €9,627 to €22
- Tax, wage and social debts -€3,537
down €3,537 (-13.3%), from €26,587 to €23,049
of which Taxes: -€9,842
- Gross operating margin +€76,530
up €76,530, from -€52,072 to €24,458
- Financial charges -€9,098
down €9,098 (-92.4%), from €9,848 to €750
- Staff costs +€4,494
up €4,494 (+4.9%), from €92,487 to €96,981
- Write-downs +€4,206
new in 2025: €4,206
- Other operating charges -€2,223
down €2,223 (-68.9%), from €3,225 to €1,002
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 | €225,747 | €193,708 | -€32,039 | -14.2% |
| Fixed assets | 21/28 | €186,426 | €155,768 | -€30,658 | -16.4% |
| Intangible fixed assets | 21 | €4,466 | €3,080 | -€1,386 | -31.0% |
| Tangible fixed assets | 22/27 | €181,961 | €152,688 | -€29,272 | -16.1% |
| Plant, machinery and equipment | 23 | €3,149 | €2,831 | -€318 | -10.1% |
| Furniture and vehicles | 24 | €23,973 | €16,461 | -€7,512 | -31.3% |
| Other tangible fixed assets | 26 | €154,839 | €133,396 | -€21,443 | -13.8% |
| Current assets | 29/58 | €39,320 | €37,940 | -€1,380 | -3.5% |
| Stocks and contracts in progress | 3 | €14,606 | €10,400 | -€4,206 | -28.8% |
| Stocks | 30/36 | €14,606 | €10,400 | -€4,206 | -28.8% |
| Amounts receivable within one year | 40/41 | €23,000 | €25,887 | +€2,887 | +12.6% |
| Trade receivables | 40 | €21,356 | €23,742 | +€2,386 | +11.2% |
| Other amounts receivable | 41 | €1,644 | €2,145 | +€501 | +30.5% |
| Cash at bank and in hand | 54/58 | €856 | €742 | -€114 | -13.3% |
| Deferred charges and accrued income | 490/1 | €859 | €911 | +€52 | +6.0% |
| Total equity and liabilities | 10/49 | €225,747 | €193,708 | -€32,039 | -14.2% |
| Equity | 10/15 | -€46,959 | -€157,209 | -€110,250 | -234.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€196,959 | -€307,209 | -€110,250 | -56.0% |
| Amounts payable | 17/49 | €272,705 | €350,917 | +€78,212 | +28.7% |
| Amounts payable within one year | 42/48 | €263,079 | €350,895 | +€87,816 | +33.4% |
| Trade debts | 44 | €88,313 | €91,769 | +€3,456 | +3.9% |
| Suppliers | 440/4 | €88,313 | €91,769 | +€3,456 | +3.9% |
| Advances received on contracts in progress | 46 | €25,000 | €0 | -€25,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €26,587 | €23,049 | -€3,537 | -13.3% |
| Taxes | 450/3 | €13,633 | €3,790 | -€9,842 | -72.2% |
| Remuneration and social security | 454/9 | €12,954 | €19,259 | +€6,305 | +48.7% |
| Other amounts payable | 47/48 | €123,178 | €236,076 | +€112,898 | +91.7% |
| Accrued charges and deferred income | 492/3 | €9,627 | €22 | -€9,605 | -99.8% |
| Remuneration, social security and pensions | 62 | €92,487 | €96,981 | +€4,494 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,045 | €31,701 | +€656 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,206 | +€4,206 | |
| Other operating charges | 640/8 | €3,225 | €1,002 | -€2,223 | -68.9% |
| Gross operating margin | 9900 | -€52,072 | €24,458 | +€76,530 | |
| Operating profit (loss) | 9901 | -€178,829 | -€109,432 | +€69,398 | +38.8% |
| Financial income | 75/76B | €213 | €279 | +€66 | +31.1% |
| Recurring financial income | 75 | €213 | €279 | +€66 | +31.1% |
| Financial charges | 65/66B | €9,848 | €750 | -€9,098 | -92.4% |
| Recurring financial charges | 65 | €9,848 | €750 | -€9,098 | -92.4% |
| Profit (loss) for the period before taxes | 9903 | -€188,464 | -€109,902 | +€78,562 | +41.7% |
| Income taxes | 67/77 | €267 | €348 | +€81 | +30.5% |
| Profit (loss) for the period | 9904 | -€188,731 | -€110,250 | +€78,481 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€188,731 | -€110,250 | +€78,481 | +41.6% |
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 12 October 2026 via checked.be.