KIN&OINE: 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&OINE
Largest movements
- Intangible fixed assets -€52,000
down €52,000 (-25.0%), from €208,000 to €156,000
- Tangible fixed assets +€16,320
up €16,320 (+33.4%), from €48,885 to €65,205
- Cash +€7,522
up €7,522 (+143.3%), from €5,248 to €12,770
mainly Depreciation (+€67,340) and Current portion of long-term debt (+€25,277)
- Profit (loss) carried forward -€61,715
down €61,715 (-170.2%), from -€36,262 to -€97,977
- Current portion of long-term debt +€25,277
new in 2025: €25,277
- Other debts +€10,515
up €10,515 (+4.0%), from €260,043 to €270,558
- Debts after one year -€3,264
down €3,264 (-8.9%), from €36,685 to €33,420
- Gross operating margin -€19,629
down €19,629 (-69.8%), from €28,110 to €8,481
- Depreciation +€5,523
up €5,523 (+8.9%), from €61,817 to €67,340
- Other operating charges +€329
up €329 (+114.1%), from €288 to €617
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 | €262,752 | €233,975 | -€28,777 | -11.0% |
| Fixed assets | 21/28 | €256,885 | €221,205 | -€35,680 | -13.9% |
| Intangible fixed assets | 21 | €208,000 | €156,000 | -€52,000 | -25.0% |
| Tangible fixed assets | 22/27 | €48,885 | €65,205 | +€16,320 | +33.4% |
| Furniture and vehicles | 24 | €48,885 | €65,205 | +€16,320 | +33.4% |
| Current assets | 29/58 | €5,867 | €12,770 | +€6,903 | +117.7% |
| Cash at bank and in hand | 54/58 | €5,248 | €12,770 | +€7,522 | +143.3% |
| Deferred charges and accrued income | 490/1 | €619 | - | -€619 | |
| Total equity and liabilities | 10/49 | €262,752 | €233,975 | -€28,777 | -11.0% |
| Equity | 10/15 | -€35,262 | -€96,977 | -€61,715 | -175.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,262 | -€97,977 | -€61,715 | -170.2% |
| Amounts payable | 17/49 | €298,014 | €330,952 | +€32,938 | +11.1% |
| Amounts payable after more than one year | 17 | €36,685 | €33,420 | -€3,264 | -8.9% |
| Financial debts | 170/4 | €36,685 | €33,420 | -€3,264 | -8.9% |
| Amounts payable within one year | 42/48 | €261,329 | €297,532 | +€36,203 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | - | €25,277 | +€25,277 | |
| Trade debts | 44 | €295 | €369 | +€74 | +25.1% |
| Suppliers | 440/4 | €295 | €369 | +€74 | +25.1% |
| Taxes, remuneration and social security | 45 | €990 | €1,327 | +€336 | +34.0% |
| Taxes | 450/3 | €990 | €1,327 | +€336 | +34.0% |
| Other amounts payable | 47/48 | €260,043 | €270,558 | +€10,515 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,817 | €67,340 | +€5,523 | +8.9% |
| Other operating charges | 640/8 | €288 | €617 | +€329 | +114.1% |
| Gross operating margin | 9900 | €28,110 | €8,481 | -€19,629 | -69.8% |
| Operating profit (loss) | 9901 | -€33,996 | -€59,477 | -€25,481 | -75.0% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.7% |
| Financial charges | 65/66B | €1,849 | €1,902 | +€53 | +2.8% |
| Recurring financial charges | 65 | €1,849 | €1,902 | +€53 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€35,842 | -€61,379 | -€25,537 | -71.2% |
| Income taxes | 67/77 | €420 | €336 | -€84 | -20.0% |
| Profit (loss) for the period | 9904 | -€36,262 | -€61,715 | -€25,453 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,262 | -€61,715 | -€25,453 | -70.2% |
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.