KINALI: 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.
KINALI
Largest movements
- Receivables within one year +€28,151
up €28,151 (+119%), from €23,600 to €51,750
of which Other amounts receivable: +€46,330
- Tangible fixed assets +€4,369
up €4,369 (+8.8%), from €49,891 to €54,259
of which Plant, machinery and equipment: +€8,956
- Deferred charges and accrued income -€4,264
down €4,264 (-88.8%), from €4,800 to €536
- Other debts +€22,834
up €22,834 (+519%), from €4,398 to €27,232
- Reserves +€18,500
up €18,500 (+107%), from €17,360 to €35,860
of which Distributable reserves: +€18,500
- Trade debts -€11,920
down €11,920 (-27.3%), from €43,630 to €31,709
- Advances received -€3,680
down €3,680 (-90.7%), from €4,058 to €378
- Tax, wage and social debts +€1,597
up €1,597 (+15.4%), from €10,363 to €11,960
of which Remuneration and social security: +€3,089
- Gross operating margin +€29,380
up €29,380 (+50.1%), from €58,619 to €87,999
- Staff costs +€27,797
up €27,797 (+972%), from €2,859 to €30,656
- Depreciation +€5,245
up €5,245 (+35.9%), from €14,602 to €19,848
- Financial charges +€3,400
up €3,400 (+119%), from €2,860 to €6,260
- Other operating charges +€1,944
up €1,944 (+177%), from €1,101 to €3,045
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.
Derived cash bridge
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 | €86,382 | €114,135 | +€27,753 | +32.1% |
| Fixed assets | 21/28 | €49,891 | €54,259 | +€4,369 | +8.8% |
| Tangible fixed assets | 22/27 | €49,891 | €54,259 | +€4,369 | +8.8% |
| Plant, machinery and equipment | 23 | €20,202 | €29,158 | +€8,956 | +44.3% |
| Furniture and vehicles | 24 | €26,666 | €22,451 | -€4,215 | -15.8% |
| Other tangible fixed assets | 26 | €3,023 | €2,650 | -€373 | -12.3% |
| Current assets | 29/58 | €36,492 | €59,876 | +€23,384 | +64.1% |
| Stocks and contracts in progress | 3 | €1,254 | €1,812 | +€558 | +44.5% |
| Stocks | 30/36 | €1,254 | €1,812 | +€558 | +44.5% |
| Amounts receivable within one year | 40/41 | €23,600 | €51,750 | +€28,151 | +119% |
| Trade receivables | 40 | €23,600 | €5,420 | -€18,179 | -77.0% |
| Other amounts receivable | 41 | €0 | €46,330 | +€46,330 | |
| Cash at bank and in hand | 54/58 | €6,838 | €5,778 | -€1,061 | -15.5% |
| Deferred charges and accrued income | 490/1 | €4,800 | €536 | -€4,264 | -88.8% |
| Total equity and liabilities | 10/49 | €86,382 | €114,135 | +€27,753 | +32.1% |
| Equity | 10/15 | €23,932 | €42,856 | +€18,923 | +79.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,360 | €35,860 | +€18,500 | +107% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,500 | €34,000 | +€18,500 | +119% |
| Profit (loss) carried forward | 14 | €372 | €796 | +€423 | +114% |
| Amounts payable | 17/49 | €62,450 | €71,280 | +€8,830 | +14.1% |
| Amounts payable within one year | 42/48 | €62,450 | €71,280 | +€8,830 | +14.1% |
| Trade debts | 44 | €43,630 | €31,709 | -€11,920 | -27.3% |
| Suppliers | 440/4 | €43,630 | €31,709 | -€11,920 | -27.3% |
| Advances received on contracts in progress | 46 | €4,058 | €378 | -€3,680 | -90.7% |
| Taxes, remuneration and social security | 45 | €10,363 | €11,960 | +€1,597 | +15.4% |
| Taxes | 450/3 | €10,042 | €8,549 | -€1,493 | -14.9% |
| Remuneration and social security | 454/9 | €322 | €3,411 | +€3,089 | +960% |
| Other amounts payable | 47/48 | €4,398 | €27,232 | +€22,834 | +519% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,859 | €30,656 | +€27,797 | +972% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,602 | €19,848 | +€5,245 | +35.9% |
| Other operating charges | 640/8 | €1,101 | €3,045 | +€1,944 | +177% |
| Gross operating margin | 9900 | €58,619 | €87,999 | +€29,380 | +50.1% |
| Operating profit (loss) | 9901 | €40,056 | €34,450 | -€5,606 | -14.0% |
| Financial income | 75/76B | €8 | €1,709 | +€1,701 | +20,618% |
| Recurring financial income | 75 | €8 | €1,709 | +€1,701 | +20,618% |
| Financial charges | 65/66B | €2,860 | €6,260 | +€3,400 | +119% |
| Recurring financial charges | 65 | €2,860 | €6,260 | +€3,400 | +119% |
| Profit (loss) for the period before taxes | 9903 | €37,204 | €29,900 | -€7,304 | -19.6% |
| Income taxes | 67/77 | €12,831 | €10,977 | -€1,855 | -14.5% |
| Profit (loss) for the period | 9904 | €24,373 | €18,923 | -€5,450 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,373 | €18,923 | -€5,450 | -22.4% |
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 13 October 2026 via checked.be.