KINA: what changed
Two fiscal 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
KINA
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€25,438
2024 · €9,422-€34,860
Equity
€1.6m
2024 · €1.6m-€25,438
Cash
€62,572
2024 · €137,730-€75,158
Balance sheet total
€8.0m
2024 · €8.7m-€702,946
Largest movements
Assets
- Intangible fixed assets -€576,575
down €576,575 (-16.7%), from €3.5m to €2.9m
- Financial fixed assets +€110,000
up €110,000 (+2.9%), from €3.8m to €4.0m
- Receivables after one year -€90,807
down €90,807 (-23.8%), from €381,085 to €290,278
Equity and liabilities
- Debts after one year -€376,734
down €376,734 (-7.8%), from €4.8m to €4.4m
of which Financial debts: -€191,319
- Short-term financial debts -€298,802
down €298,802 (-14.6%), from €2.0m to €1.7m
Income statement
- Financial charges -€234,693
down €234,693 (-57.3%), from €409,537 to €174,844
- Other operating income -€170,652
down €170,652 (-97.5%), from €175,045 to €4,393
- Financial income -€133,408
down €133,408 (-17.7%), from €752,601 to €619,193
- Turnover -€86,870
down €86,870 (-33.3%), from €261,182 to €174,312
- Services and other goods -€59,217
down €59,217 (-76.9%), from €77,000 to €17,783
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
€9,422
Turnover
-€86,870
Other operating income
-€170,652
Services and other goods
+€59,217
Depreciation
+€28,025
Other operating charges
+€27,336
Other operating items
-€4,195
Financial income
-€133,408
Financial charges
+€234,693
Taxes
+€13,775
Deferred taxes and other
-€2,781
Result 2025
-€25,438
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.
From operations
+€702,397
Investment
-€110,000
Financing
-€667,555
Cash 2024
€137,730
From operations (derived)
+€702,397
Net result for the year
-€25,438
Depreciation
+€631,743
Receivables after one year
+€90,807
Receivables within one year
+€15,238
Provisions
-€5,563
Trade debts
-€3,076
Tax, wage and social debts
-€1,314
Investment (derived)
-€110,000
Investment in fixed assets (net)
-€110,000
Financing
-€667,555
Debts after one year
-€376,734
Current portion of long-term debt
+€7,981
Short-term financial debts
-€298,802
Cash 2025
€62,572
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,721,871 | €8,018,925 | -€702,946 | -8.1% |
| Fixed assets | 21/28 | €8,144,332 | €7,622,589 | -€521,743 | -6.4% |
| Intangible fixed assets | 21 | €3,459,451 | €2,882,876 | -€576,575 | -16.7% |
| Tangible fixed assets | 22/27 | €843,881 | €788,713 | -€55,168 | -6.5% |
| Land and buildings | 22 | €775,652 | €749,076 | -€26,576 | -3.4% |
| Furniture and vehicles | 24 | €65,547 | €37,722 | -€27,825 | -42.5% |
| Other tangible fixed assets | 26 | €2,682 | €1,915 | -€766 | -28.6% |
| Financial fixed assets | 28 | €3,841,000 | €3,951,000 | +€110,000 | +2.9% |
| Affiliated companies | 280/1 | €3,841,000 | €3,951,000 | +€110,000 | +2.9% |
| Participating interests | 280 | €3,841,000 | €3,951,000 | +€110,000 | +2.9% |
| Current assets | 29/58 | €577,539 | €396,336 | -€181,203 | -31.4% |
| Amounts receivable after more than one year | 29 | €381,085 | €290,278 | -€90,807 | -23.8% |
| Other amounts receivable | 291 | €381,085 | €290,278 | -€90,807 | -23.8% |
| Amounts receivable within one year | 40/41 | €58,724 | €43,486 | -€15,238 | -25.9% |
| Trade receivables | 40 | €3,365 | €17,885 | +€14,520 | +431.5% |
| Other amounts receivable | 41 | €55,359 | €25,601 | -€29,758 | -53.8% |
| Cash at bank and in hand | 54/58 | €137,730 | €62,572 | -€75,158 | -54.6% |
| Total equity and liabilities | 10/49 | €8,721,871 | €8,018,925 | -€702,946 | -8.1% |
| Equity | 10/15 | €1,595,119 | €1,569,681 | -€25,438 | -1.6% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €1,531,119 | €1,505,681 | -€25,438 | -1.7% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,400 | €6,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €206,525 | €189,838 | -€16,688 | -8.1% |
| Distributable reserves | 133 | €1,318,194 | €1,309,444 | -€8,750 | -0.7% |
| Provisions and deferred taxes | 16 | €68,842 | €63,279 | -€5,563 | -8.1% |
| Deferred taxes | 168 | €68,842 | €63,279 | -€5,563 | -8.1% |
| Amounts payable | 17/49 | €7,057,910 | €6,385,965 | -€671,946 | -9.5% |
| Amounts payable after more than one year | 17 | €4,810,412 | €4,433,678 | -€376,734 | -7.8% |
| Financial debts | 170/4 | €816,662 | €625,342 | -€191,319 | -23.4% |
| Credit institutions | 173 | €816,662 | €625,342 | -€191,319 | -23.4% |
| Other amounts payable | 178/9 | €3,993,751 | €3,808,336 | -€185,415 | -4.6% |
| Amounts payable within one year | 42/48 | €2,247,498 | €1,952,287 | -€295,212 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €183,338 | €191,319 | +€7,981 | +4.4% |
| Financial debts | 43 | €2,045,806 | €1,747,004 | -€298,802 | -14.6% |
| Credit institutions | 430/8 | €2,045,806 | €1,747,004 | -€298,802 | -14.6% |
| Trade debts | 44 | €8,738 | €5,662 | -€3,076 | -35.2% |
| Suppliers | 440/4 | €8,738 | €5,662 | -€3,076 | -35.2% |
| Taxes, remuneration and social security | 45 | €9,615 | €8,301 | -€1,314 | -13.7% |
| Taxes | 450/3 | €9,615 | €8,301 | -€1,314 | -13.7% |
| Operating income | 70/76A | €440,422 | €178,705 | -€261,717 | -59.4% |
| Turnover | 70 | €261,182 | €174,312 | -€86,870 | -33.3% |
| Other operating income | 74 | €175,045 | €4,393 | -€170,652 | -97.5% |
| Non-recurring operating income | 76A | €4,195 | - | -€4,195 | |
| Operating charges | 60/66A | €768,120 | €653,541 | -€114,578 | -14.9% |
| Services and other goods | 61 | €77,000 | €17,783 | -€59,217 | -76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €659,768 | €631,743 | -€28,025 | -4.2% |
| Other operating charges | 640/8 | €31,351 | €4,016 | -€27,336 | -87.2% |
| Operating profit (loss) | 9901 | -€327,698 | -€474,836 | -€147,138 | -44.9% |
| Financial income | 75/76B | €752,601 | €619,193 | -€133,408 | -17.7% |
| Recurring financial income | 75 | €752,601 | €619,193 | -€133,408 | -17.7% |
| Income from financial fixed assets | 750 | €720,000 | €600,000 | -€120,000 | -16.7% |
| Income from current assets | 751 | €32,474 | €19,193 | -€13,281 | -40.9% |
| Other financial income | 752/9 | €127 | - | -€127 | |
| Financial charges | 65/66B | €409,537 | €174,844 | -€234,693 | -57.3% |
| Recurring financial charges | 65 | €409,537 | €174,844 | -€234,693 | -57.3% |
| Debt charges | 650 | €404,425 | €174,219 | -€230,206 | -56.9% |
| Other financial charges | 652/9 | €5,112 | €625 | -€4,487 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €15,367 | -€30,487 | -€45,853 | |
| Transfer from deferred taxes | 780 | €8,344 | €5,563 | -€2,781 | -33.3% |
| Income taxes | 67/77 | €14,288 | €514 | -€13,775 | -96.4% |
| Taxes | 670/3 | €27,028 | €514 | -€26,515 | -98.1% |
| Tax adjustments and reversals of tax provisions | 77 | €12,740 | - | -€12,740 | |
| Profit (loss) for the period | 9904 | €9,422 | -€25,438 | -€34,860 | |
| Transfer from tax-exempt reserves | 789 | €25,032 | €16,688 | -€8,344 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,454 | -€8,750 | -€43,204 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.