KINABO: 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.
KINABO
Largest movements
- Receivables within one year +€42,026
up €42,026 (+40.9%), from €102,641 to €144,667
- Cash +€30,436
up €30,436 (+4135.3%), from €736 to €31,172
mainly Net result for the year (+€63,997) and Tax, wage and social debts (+€33,111)
- Tangible fixed assets -€8,264
down €8,264 (-2.1%), from €397,884 to €389,619
of which Land and buildings: -€7,528
- Reserves +€63,997
up €63,997 (+27.6%), from €231,871 to €295,868
of which Distributable reserves: +€63,997
- Tax, wage and social debts +€33,111
up €33,111 (+91.2%), from €36,298 to €69,410
- Short-term financial debts -€18,701
down €18,701 (-100.0%), from €18,701 to €0
- Debts after one year -€10,945
down €10,945 (-22.2%), from €49,246 to €38,301
of which Financial debts: -€10,945
- Gross operating margin +€57,869
up €57,869 (+101.0%), from €57,320 to €115,189
- Taxes +€22,035
up €22,035 (+122.3%), from €18,019 to €40,055
- Financial charges -€2,376
down €2,376 (-22.8%), from €10,409 to €8,034
- Other operating charges -€1,262
down €1,262 (-52.8%), from €2,390 to €1,127
- Depreciation -€1,243
down €1,243 (-13.1%), from €9,507 to €8,264
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 | €503,237 | €567,318 | +€64,081 | +12.7% |
| Fixed assets | 21/28 | €397,890 | €389,626 | -€8,264 | -2.1% |
| Tangible fixed assets | 22/27 | €397,884 | €389,619 | -€8,264 | -2.1% |
| Land and buildings | 22 | €396,603 | €389,075 | -€7,528 | -1.9% |
| Furniture and vehicles | 24 | €1,281 | €545 | -€737 | -57.5% |
| Financial fixed assets | 28 | €6 | €6 | = | 0.0% |
| Current assets | 29/58 | €105,347 | €177,692 | +€72,345 | +68.7% |
| Amounts receivable within one year | 40/41 | €102,641 | €144,667 | +€42,026 | +40.9% |
| Other amounts receivable | 41 | €102,641 | €144,667 | +€42,026 | +40.9% |
| Cash at bank and in hand | 54/58 | €736 | €31,172 | +€30,436 | +4135.3% |
| Deferred charges and accrued income | 490/1 | €1,969 | €1,853 | -€116 | -5.9% |
| Total equity and liabilities | 10/49 | €503,237 | €567,318 | +€64,081 | +12.7% |
| Equity | 10/15 | €384,475 | €448,472 | +€63,997 | +16.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €231,871 | €295,868 | +€63,997 | +27.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €230,012 | €294,009 | +€63,997 | +27.8% |
| Profit (loss) carried forward | 14 | €134,011 | €134,011 | = | 0.0% |
| Amounts payable | 17/49 | €118,762 | €118,846 | +€84 | +0.1% |
| Amounts payable after more than one year | 17 | €49,246 | €38,301 | -€10,945 | -22.2% |
| Financial debts | 170/4 | €48,064 | €37,119 | -€10,945 | -22.8% |
| Other amounts payable | 178/9 | €1,182 | €1,182 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68,562 | €80,545 | +€11,983 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €10,188 | €10,945 | +€757 | +7.4% |
| Financial debts | 43 | €18,701 | €0 | -€18,701 | -100.0% |
| Credit institutions | 430/8 | €18,701 | €0 | -€18,701 | -100.0% |
| Trade debts | 44 | €3,375 | €190 | -€3,185 | -94.4% |
| Suppliers | 440/4 | €3,375 | €190 | -€3,185 | -94.4% |
| Taxes, remuneration and social security | 45 | €36,298 | €69,410 | +€33,111 | +91.2% |
| Taxes | 450/3 | €36,298 | €69,410 | +€33,111 | +91.2% |
| Accrued charges and deferred income | 492/3 | €954 | €0 | -€954 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,507 | €8,264 | -€1,243 | -13.1% |
| Other operating charges | 640/8 | €2,390 | €1,127 | -€1,262 | -52.8% |
| Gross operating margin | 9900 | €57,320 | €115,189 | +€57,869 | +101.0% |
| Operating profit (loss) | 9901 | €45,423 | €105,797 | +€60,374 | +132.9% |
| Financial income | 75/76B | €6,001 | €6,288 | +€288 | +4.8% |
| Recurring financial income | 75 | €6,001 | €6,288 | +€288 | +4.8% |
| Financial charges | 65/66B | €10,409 | €8,034 | -€2,376 | -22.8% |
| Recurring financial charges | 65 | €10,409 | €8,034 | -€2,376 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €41,014 | €104,052 | +€63,038 | +153.7% |
| Income taxes | 67/77 | €18,019 | €40,055 | +€22,035 | +122.3% |
| Profit (loss) for the period | 9904 | €22,995 | €63,997 | +€41,002 | +178.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,995 | €63,997 | +€41,002 | +178.3% |
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.