KINALGOS: 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.
KINALGOS
Largest movements
- Cash +€58,952
up €58,952 (+151.7%), from €38,856 to €97,808
mainly Other debts (+€95,632) and Net result for the year (+€41,548)
- Tangible fixed assets -€9,140
down €9,140 (-44.9%), from €20,348 to €11,208
of which Plant, machinery and equipment: -€4,739
- Other debts +€95,632
up €95,632 (+6418.3%), from €1,490 to €97,122
- Reserves -€64,335
down €64,335 (-71.7%), from €89,722 to €25,387
- Tax, wage and social debts +€18,757
new in 2025: €18,757
of which Taxes: +€17,443
- Gross operating margin +€18,354
up €18,354 (+39.2%), from €46,791 to €65,145
- Taxes +€4,437
up €4,437 (+43.2%), from €10,262 to €14,699
- Depreciation +€907
up €907 (+11.0%), from €8,233 to €9,140
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 | €92,212 | €142,266 | +€50,054 | +54.3% |
| Fixed assets | 21/28 | €21,438 | €12,298 | -€9,140 | -42.6% |
| Tangible fixed assets | 22/27 | €20,348 | €11,208 | -€9,140 | -44.9% |
| Plant, machinery and equipment | 23 | €13,069 | €8,330 | -€4,739 | -36.3% |
| Furniture and vehicles | 24 | €7,279 | €2,878 | -€4,401 | -60.5% |
| Financial fixed assets | 28 | €1,090 | €1,090 | = | 0.0% |
| Current assets | 29/58 | €70,774 | €129,968 | +€59,194 | +83.6% |
| Amounts receivable within one year | 40/41 | €31,657 | €32,160 | +€503 | +1.6% |
| Trade receivables | 40 | €28,364 | €29,080 | +€716 | +2.5% |
| Other amounts receivable | 41 | €3,293 | €3,080 | -€213 | -6.5% |
| Cash at bank and in hand | 54/58 | €38,856 | €97,808 | +€58,952 | +151.7% |
| Deferred charges and accrued income | 490/1 | €261 | - | -€261 | |
| Total equity and liabilities | 10/49 | €92,212 | €142,266 | +€50,054 | +54.3% |
| Equity | 10/15 | €90,722 | €26,387 | -€64,335 | -70.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | - | €1,000 | +€1,000 | |
| Issued capital | 100 | - | €1,000 | +€1,000 | |
| Reserves | 13 | €89,722 | €25,387 | -€64,335 | -71.7% |
| Distributable reserves | 133 | €89,722 | €25,387 | -€64,335 | -71.7% |
| Amounts payable | 17/49 | €1,490 | €115,879 | +€114,389 | +7677.1% |
| Amounts payable within one year | 42/48 | €1,490 | €115,879 | +€114,389 | +7677.1% |
| Taxes, remuneration and social security | 45 | - | €18,757 | +€18,757 | |
| Taxes | 450/3 | - | €17,443 | +€17,443 | |
| Remuneration and social security | 454/9 | - | €1,314 | +€1,314 | |
| Other amounts payable | 47/48 | €1,490 | €97,122 | +€95,632 | +6418.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,233 | €9,140 | +€907 | +11.0% |
| Gross operating margin | 9900 | €46,791 | €65,145 | +€18,354 | +39.2% |
| Operating profit (loss) | 9901 | €38,558 | €56,005 | +€17,447 | +45.2% |
| Financial income | 75/76B | €445 | €460 | +€15 | +3.4% |
| Recurring financial income | 75 | €445 | €460 | +€15 | +3.4% |
| Financial charges | 65/66B | €82 | €218 | +€136 | +165.9% |
| Recurring financial charges | 65 | €82 | €218 | +€136 | +165.9% |
| Profit (loss) for the period before taxes | 9903 | €38,921 | €56,247 | +€17,326 | +44.5% |
| Income taxes | 67/77 | €10,262 | €14,699 | +€4,437 | +43.2% |
| Profit (loss) for the period | 9904 | €28,659 | €41,548 | +€12,889 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,659 | €41,548 | +€12,889 | +45.0% |
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 11 October 2026 via checked.be.