KINAIR: 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.
KINAIR
Largest movements
- Tangible fixed assets -€13,117
down €13,117 (-37.7%), from €34,838 to €21,721
of which Furniture and vehicles: -€10,150
- Receivables within one year -€3,043
no longer reported in 2025 (was €3,043)
of which Trade receivables: -€2,190
- Cash -€1,834
down €1,834 (-94.1%), from €1,949 to €115
mainly Debts after one year (-€10,009) and Net result for the year (-€6,010)
- Deferred charges and accrued income +€724
up €724 (+46.8%), from €1,547 to €2,271
- Debts after one year -€10,009
down €10,009 (-54.4%), from €18,395 to €8,386
- Profit (loss) carried forward -€6,010
down €6,010 (-32.0%), from -€18,796 to -€24,805
- Other debts -€1,381
down €1,381 (-7.5%), from €18,471 to €17,090
- Trade debts -€654
down €654 (-27.9%), from €2,344 to €1,690
- Gross operating margin -€3,949
down €3,949 (-32.7%), from €12,093 to €8,145
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 | €41,493 | €24,207 | -€17,286 | -41.7% |
| Fixed assets | 21/28 | €34,955 | €21,821 | -€13,133 | -37.6% |
| Intangible fixed assets | 21 | €117 | €100 | -€17 | -14.2% |
| Tangible fixed assets | 22/27 | €34,838 | €21,721 | -€13,117 | -37.7% |
| Plant, machinery and equipment | 23 | €6,178 | €3,211 | -€2,967 | -48.0% |
| Furniture and vehicles | 24 | €28,660 | €18,510 | -€10,150 | -35.4% |
| Current assets | 29/58 | €6,539 | €2,386 | -€4,153 | -63.5% |
| Amounts receivable within one year | 40/41 | €3,043 | - | -€3,043 | |
| Trade receivables | 40 | €2,190 | - | -€2,190 | |
| Other amounts receivable | 41 | €853 | - | -€853 | |
| Cash at bank and in hand | 54/58 | €1,949 | €115 | -€1,834 | -94.1% |
| Deferred charges and accrued income | 490/1 | €1,547 | €2,271 | +€724 | +46.8% |
| Total equity and liabilities | 10/49 | €41,493 | €24,207 | -€17,286 | -41.7% |
| Equity | 10/15 | -€11,094 | -€17,104 | -€6,010 | -54.2% |
| Contributions | 10/11 | €2,600 | €2,600 | = | 0.0% |
| Reserves | 13 | €5,102 | €5,102 | = | 0.0% |
| Distributable reserves | 133 | €5,102 | €5,102 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,796 | -€24,805 | -€6,010 | -32.0% |
| Amounts payable | 17/49 | €52,588 | €41,311 | -€11,277 | -21.4% |
| Amounts payable after more than one year | 17 | €18,395 | €8,386 | -€10,009 | -54.4% |
| Financial debts | 170/4 | €18,395 | €8,386 | -€10,009 | -54.4% |
| Amounts payable within one year | 42/48 | €32,927 | €31,658 | -€1,269 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €9,950 | €10,009 | +€59 | +0.6% |
| Financial debts | 43 | - | €367 | +€367 | |
| Credit institutions | 430/8 | - | €367 | +€367 | |
| Trade debts | 44 | €2,344 | €1,690 | -€654 | -27.9% |
| Suppliers | 440/4 | €2,344 | €1,690 | -€654 | -27.9% |
| Taxes, remuneration and social security | 45 | €2,161 | €2,502 | +€340 | +15.7% |
| Taxes | 450/3 | €2,161 | €2,502 | +€340 | +15.7% |
| Other amounts payable | 47/48 | €18,471 | €17,090 | -€1,381 | -7.5% |
| Accrued charges and deferred income | 492/3 | €1,266 | €1,267 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,133 | €13,133 | = | 0.0% |
| Other operating charges | 640/8 | €783 | €668 | -€115 | -14.7% |
| Gross operating margin | 9900 | €12,093 | €8,145 | -€3,949 | -32.7% |
| Operating profit (loss) | 9901 | -€1,823 | -€5,657 | -€3,834 | -210.4% |
| Financial charges | 65/66B | €300 | €218 | -€82 | -27.4% |
| Recurring financial charges | 65 | €300 | €218 | -€82 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,123 | -€5,875 | -€3,752 | -176.7% |
| Income taxes | 67/77 | €138 | €135 | -€3 | -2.2% |
| Profit (loss) for the period | 9904 | -€2,261 | -€6,010 | -€3,749 | -165.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,261 | -€6,010 | -€3,749 | -165.8% |
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 10 October 2026 via checked.be.