Kin&Reval: 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.
What changed
Kin&Reval
NACE 77.225, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€18,125
2024 · €14,421+€3,704
Equity
€141,136
2024 · €123,010+€18,125
Cash
€99,268
2024 · €96,447+€2,821
Balance sheet total
€296,780
2024 · €271,364+€25,416
Largest movements
Assets
- Tangible fixed assets +€22,848
up €22,848 (+13.5%), from €168,965 to €191,813
of which Furniture and vehicles: +€53,991
Equity and liabilities
- Reserves +€18,125
up €18,125 (+20.9%), from €86,792 to €104,918
of which Distributable reserves: +€18,125
- Current portion of long-term debt +€7,312
up €7,312 (+28.9%), from €25,295 to €32,607
Income statement
- Depreciation -€5,523
down €5,523 (-12.7%), from €43,590 to €38,067
- Taxes +€1,778
up €1,778 (+23.1%), from €7,695 to €9,473
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.
Result 2024
€14,421
Gross operating margin
-€32
Depreciation
+€5,523
Other operating charges
-€587
Financial income
+€477
Financial charges
+€101
Taxes
-€1,778
Result 2025
€18,125
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€56,801
Investment
-€60,915
Financing
+€6,935
Cash 2024
€96,447
From operations (derived)
+€56,801
Net result for the year
+€18,125
Depreciation
+€38,067
Receivables within one year
+€1,176
Deferred charges and accrued income
-€924
Trade debts
+€236
Tax, wage and social debts
+€120
Investment (derived)
-€60,915
Investment in fixed assets (net)
-€60,915
Financing
+€6,935
Debts after one year
-€377
Current portion of long-term debt
+€7,312
Cash 2025
€99,268
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €271,364 | €296,780 | +€25,416 | +9.4% |
| Fixed assets | 21/28 | €168,965 | €191,813 | +€22,848 | +13.5% |
| Tangible fixed assets | 22/27 | €168,965 | €191,813 | +€22,848 | +13.5% |
| Land and buildings | 22 | €74,245 | €61,845 | -€12,400 | -16.7% |
| Plant, machinery and equipment | 23 | €40,623 | €36,556 | -€4,067 | -10.0% |
| Furniture and vehicles | 24 | €39,422 | €93,412 | +€53,991 | +137% |
| Leasing and similar rights | 25 | €14,676 | - | -€14,676 | |
| Current assets | 29/58 | €102,399 | €104,967 | +€2,568 | +2.5% |
| Amounts receivable within one year | 40/41 | €2,048 | €872 | -€1,176 | -57.4% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €1,048 | €872 | -€176 | -16.8% |
| Cash at bank and in hand | 54/58 | €96,447 | €99,268 | +€2,821 | +2.9% |
| Deferred charges and accrued income | 490/1 | €3,904 | €4,827 | +€924 | +23.7% |
| Total equity and liabilities | 10/49 | €271,364 | €296,780 | +€25,416 | +9.4% |
| Equity | 10/15 | €123,010 | €141,136 | +€18,125 | +14.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €86,792 | €104,918 | +€18,125 | +20.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €84,932 | €103,058 | +€18,125 | +21.3% |
| Profit (loss) carried forward | 14 | €23,818 | €23,818 | = | 0.0% |
| Amounts payable | 17/49 | €148,354 | €155,645 | +€7,291 | +4.9% |
| Amounts payable after more than one year | 17 | €109,010 | €108,633 | -€377 | -0.3% |
| Financial debts | 170/4 | €109,010 | €108,633 | -€377 | -0.3% |
| Amounts payable within one year | 42/48 | €39,343 | €47,011 | +€7,668 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €25,295 | €32,607 | +€7,312 | +28.9% |
| Trade debts | 44 | €832 | €1,068 | +€236 | +28.3% |
| Suppliers | 440/4 | €832 | €1,068 | +€236 | +28.3% |
| Taxes, remuneration and social security | 45 | €13,216 | €13,336 | +€120 | +0.9% |
| Taxes | 450/3 | €9,716 | €9,836 | +€120 | +1.2% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,590 | €38,067 | -€5,523 | -12.7% |
| Other operating charges | 640/8 | €3,457 | €4,044 | +€587 | +17.0% |
| Gross operating margin | 9900 | €75,088 | €75,056 | -€32 | 0.0% |
| Operating profit (loss) | 9901 | €28,041 | €32,944 | +€4,903 | +17.5% |
| Financial income | 75/76B | €264 | €741 | +€477 | +181% |
| Recurring financial income | 75 | €264 | €741 | +€477 | +181% |
| Financial charges | 65/66B | €6,188 | €6,087 | -€101 | -1.6% |
| Recurring financial charges | 65 | €6,188 | €6,087 | -€101 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €22,116 | €27,598 | +€5,482 | +24.8% |
| Income taxes | 67/77 | €7,695 | €9,473 | +€1,778 | +23.1% |
| Profit (loss) for the period | 9904 | €14,421 | €18,125 | +€3,704 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,421 | €18,125 | +€3,704 | +25.7% |
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 15 October 2026 via checked.be.