KIN&RGY: what changed
KIN&RGY
Largest movements
- Receivables within one year +€10,008
up €10,008 (+280%), from €3,576 to €13,584
of which Trade receivables: +€10,008
- Intangible fixed assets -€6,000
down €6,000 (-61.2%), from €9,803 to €3,803
- Cash -€5,440
down €5,440 (-92.4%), from €5,884 to €445
mainly Debts after one year (-€15,782) and Receivables within one year (-€10,008)
- Tangible fixed assets +€3,607
up €3,607 (+4.3%), from €84,531 to €88,138
- Debts after one year -€15,782
down €15,782 (-17.5%), from €90,107 to €74,325
- Trade debts +€12,214
up €12,214 (+14,859%), from €82 to €12,296
- Profit (loss) carried forward +€7,081
up €7,081 (+36.9%), from -€19,169 to -€12,087
- Short-term financial debts -€2,000
no longer reported in 2025 (was €2,000)
- Gross operating margin -€7,976
down €7,976 (-27.7%), from €28,760 to €20,784
- Write-downs -€5,408
no longer reported in 2025 (was €5,408)
- Financial charges -€759
down €759 (-19.6%), from €3,869 to €3,111
- Depreciation +€504
up €504 (+5.6%), from €9,043 to €9,547
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,258 | €106,442 | +€2,185 | +2.1% |
| Fixed assets | 21/28 | €94,334 | €91,941 | -€2,393 | -2.5% |
| Intangible fixed assets | 21 | €9,803 | €3,803 | -€6,000 | -61.2% |
| Tangible fixed assets | 22/27 | €84,531 | €88,138 | +€3,607 | +4.3% |
| Land and buildings | 22 | €84,531 | €88,138 | +€3,607 | +4.3% |
| Current assets | 29/58 | €9,923 | €14,501 | +€4,578 | +46.1% |
| Amounts receivable within one year | 40/41 | €3,576 | €13,584 | +€10,008 | +280% |
| Trade receivables | 40 | €1,775 | €11,783 | +€10,008 | +564% |
| Other amounts receivable | 41 | €1,801 | €1,801 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,884 | €445 | -€5,440 | -92.4% |
| Deferred charges and accrued income | 490/1 | €463 | €472 | +€9 | +2.0% |
| Total equity and liabilities | 10/49 | €104,258 | €106,442 | +€2,185 | +2.1% |
| Equity | 10/15 | -€11,109 | -€4,027 | +€7,081 | +63.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,169 | -€12,087 | +€7,081 | +36.9% |
| Amounts payable | 17/49 | €115,366 | €110,470 | -€4,896 | -4.2% |
| Amounts payable after more than one year | 17 | €90,107 | €74,325 | -€15,782 | -17.5% |
| Financial debts | 170/4 | €90,107 | €74,325 | -€15,782 | -17.5% |
| Amounts payable within one year | 42/48 | €25,236 | €36,121 | +€10,885 | +43.1% |
| Current portion of amounts payable after more than one year | 42 | €15,330 | €15,782 | +€452 | +2.9% |
| Financial debts | 43 | €2,000 | - | -€2,000 | |
| Credit institutions | 430/8 | €2,000 | - | -€2,000 | |
| Trade debts | 44 | €82 | €12,296 | +€12,214 | +14,859% |
| Suppliers | 440/4 | €82 | €12,296 | +€12,214 | +14,859% |
| Taxes, remuneration and social security | 45 | - | €294 | +€294 | |
| Taxes | 450/3 | - | €294 | +€294 | |
| Other amounts payable | 47/48 | €7,824 | €7,748 | -€76 | -1.0% |
| Accrued charges and deferred income | 492/3 | €24 | €25 | +€1 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,043 | €9,547 | +€504 | +5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,408 | - | -€5,408 | |
| Other operating charges | 640/8 | €726 | €750 | +€24 | +3.4% |
| Gross operating margin | 9900 | €28,760 | €20,784 | -€7,976 | -27.7% |
| Operating profit (loss) | 9901 | €13,583 | €10,486 | -€3,096 | -22.8% |
| Financial charges | 65/66B | €3,869 | €3,111 | -€759 | -19.6% |
| Recurring financial charges | 65 | €3,869 | €3,111 | -€759 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €9,714 | €7,376 | -€2,338 | -24.1% |
| Income taxes | 67/77 | €199 | €294 | +€96 | +48.1% |
| Profit (loss) for the period | 9904 | €9,515 | €7,081 | -€2,433 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,515 | €7,081 | -€2,433 | -25.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.