KINA CONSTRUCT: 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.
KINA CONSTRUCT
Largest movements
- Cash +€37,764
up €37,764 (+43.7%), from €86,401 to €124,165
mainly Net result for the year (+€41,631) and Depreciation (+€22,970)
- Tangible fixed assets -€16,642
down €16,642 (-19.5%), from €85,266 to €68,624
of which Furniture and vehicles: -€17,788
- Receivables within one year +€2,311
up €2,311 (+14.8%), from €15,662 to €17,973
- Reserves +€41,631
up €41,631 (+39.1%), from €106,455 to €148,087
- Debts after one year -€13,637
down €13,637 (-43.2%), from €31,580 to €17,943
- Tax, wage and social debts +€10,211
up €10,211 (+86.1%), from €11,858 to €22,069
- Advances received -€10,000
no longer reported in 2025 (was €10,000)
- Trade debts -€6,686
down €6,686 (-78.4%), from €8,531 to €1,845
- Gross operating margin +€23,531
up €23,531 (+38.5%), from €61,045 to €84,576
- Taxes +€8,693
up €8,693 (+107.7%), from €8,070 to €16,763
- Depreciation +€3,527
up €3,527 (+18.1%), from €19,443 to €22,970
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 | €190,892 | €212,243 | +€21,351 | +11.2% |
| Fixed assets | 21/28 | €86,682 | €69,351 | -€17,331 | -20.0% |
| Intangible fixed assets | 21 | €915 | €727 | -€189 | -20.6% |
| Tangible fixed assets | 22/27 | €85,266 | €68,624 | -€16,642 | -19.5% |
| Plant, machinery and equipment | 23 | €4,159 | €5,304 | +€1,146 | +27.6% |
| Furniture and vehicles | 24 | €81,108 | €63,320 | -€17,788 | -21.9% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €104,210 | €142,892 | +€38,681 | +37.1% |
| Amounts receivable within one year | 40/41 | €15,662 | €17,973 | +€2,311 | +14.8% |
| Trade receivables | 40 | €15,662 | €17,973 | +€2,311 | +14.8% |
| Cash at bank and in hand | 54/58 | €86,401 | €124,165 | +€37,764 | +43.7% |
| Deferred charges and accrued income | 490/1 | €2,148 | €754 | -€1,394 | -64.9% |
| Total equity and liabilities | 10/49 | €190,892 | €212,243 | +€21,351 | +11.2% |
| Equity | 10/15 | €111,455 | €153,087 | +€41,631 | +37.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €106,455 | €148,087 | +€41,631 | +39.1% |
| Distributable reserves | 133 | €106,455 | €148,087 | +€41,631 | +39.1% |
| Amounts payable | 17/49 | €79,437 | €59,156 | -€20,281 | -25.5% |
| Amounts payable after more than one year | 17 | €31,580 | €17,943 | -€13,637 | -43.2% |
| Financial debts | 170/4 | €31,580 | €17,943 | -€13,637 | -43.2% |
| Amounts payable within one year | 42/48 | €46,657 | €40,013 | -€6,644 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €13,030 | €13,637 | +€607 | +4.7% |
| Trade debts | 44 | €8,531 | €1,845 | -€6,686 | -78.4% |
| Suppliers | 440/4 | €8,531 | €1,845 | -€6,686 | -78.4% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €11,858 | €22,069 | +€10,211 | +86.1% |
| Taxes | 450/3 | €11,858 | €22,069 | +€10,211 | +86.1% |
| Other amounts payable | 47/48 | €3,238 | €2,462 | -€776 | -24.0% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Non-recurring operating income | 76A | €445 | - | -€445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,443 | €22,970 | +€3,527 | +18.1% |
| Other operating charges | 640/8 | €955 | €1,681 | +€726 | +76.0% |
| Non-recurring operating charges | 66A | - | €46 | +€46 | |
| Gross operating margin | 9900 | €61,045 | €84,576 | +€23,531 | +38.5% |
| Operating profit (loss) | 9901 | €40,648 | €59,880 | +€19,232 | +47.3% |
| Financial income | 75/76B | €498 | €665 | +€167 | +33.6% |
| Recurring financial income | 75 | €498 | €665 | +€167 | +33.6% |
| Financial charges | 65/66B | €2,060 | €2,151 | +€91 | +4.4% |
| Recurring financial charges | 65 | €2,060 | €2,151 | +€91 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €39,085 | €58,394 | +€19,309 | +49.4% |
| Income taxes | 67/77 | €8,070 | €16,763 | +€8,693 | +107.7% |
| Profit (loss) for the period | 9904 | €31,016 | €41,631 | +€10,616 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,016 | €41,631 | +€10,616 | +34.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.