KINAMO: 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.
KINAMO
Largest movements
- Cash -€648,092
down €648,092 (-62.4%), from €1.0m to €391,159
mainly Receivables within one year (-€637,529) and Investment in fixed assets (net) (-€55,795)
- Receivables within one year +€637,529
up €637,529 (+495%), from €128,816 to €766,345
of which Other amounts receivable: +€650,353
- Deferred charges and accrued income +€23,420
up €23,420 (+21.9%), from €107,176 to €130,596
- Tangible fixed assets -€18,842
down €18,842 (-8.5%), from €221,403 to €202,562
of which Furniture and vehicles: -€25,053
- Reserves +€80,000
up €80,000 (+7.1%), from €1.1m to €1.2m
of which Distributable reserves: +€80,000
- Other debts -€53,380
down €53,380 (-49.6%), from €107,611 to €54,231
- Trade debts -€36,787
down €36,787 (-41.9%), from €87,766 to €50,979
- Accrued charges and deferred income -€30,442
down €30,442 (-62.5%), from €48,682 to €18,240
- Tax, wage and social debts +€29,964
up €29,964 (+47.7%), from €62,784 to €92,748
of which Remuneration and social security: +€21,152
- Gross operating margin -€15,614
down €15,614 (-2.5%), from €636,203 to €620,589
- Depreciation -€11,930
down €11,930 (-13.8%), from €86,566 to €74,637
- Taxes +€10,437
up €10,437 (+54.6%), from €19,131 to €29,567
- Staff costs +€7,380
up €7,380 (+2.0%), from €365,442 to €372,822
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 | €1,519,368 | €1,516,240 | -€3,128 | -0.2% |
| Fixed assets | 21/28 | €221,403 | €202,562 | -€18,842 | -8.5% |
| Tangible fixed assets | 22/27 | €221,403 | €202,562 | -€18,842 | -8.5% |
| Land and buildings | 22 | €76,068 | €65,942 | -€10,126 | -13.3% |
| Plant, machinery and equipment | 23 | €91,153 | €107,491 | +€16,338 | +17.9% |
| Furniture and vehicles | 24 | €54,183 | €29,129 | -€25,053 | -46.2% |
| Current assets | 29/58 | €1,297,965 | €1,313,678 | +€15,714 | +1.2% |
| Amounts receivable after more than one year | 29 | €22,721 | €25,578 | +€2,857 | +12.6% |
| Other amounts receivable | 291 | €22,721 | €25,578 | +€2,857 | +12.6% |
| Amounts receivable within one year | 40/41 | €128,816 | €766,345 | +€637,529 | +495% |
| Trade receivables | 40 | €116,909 | €104,086 | -€12,823 | -11.0% |
| Other amounts receivable | 41 | €11,907 | €662,259 | +€650,353 | +5,462% |
| Cash at bank and in hand | 54/58 | €1,039,252 | €391,159 | -€648,092 | -62.4% |
| Deferred charges and accrued income | 490/1 | €107,176 | €130,596 | +€23,420 | +21.9% |
| Total equity and liabilities | 10/49 | €1,519,368 | €1,516,240 | -€3,128 | -0.2% |
| Equity | 10/15 | €1,212,525 | €1,300,042 | +€87,517 | +7.2% |
| Contributions | 10/11 | €82,000 | €82,000 | = | 0.0% |
| Capital | 10 | €82,000 | €82,000 | = | 0.0% |
| Issued capital | 100 | €82,000 | €82,000 | = | 0.0% |
| Reserves | 13 | €1,128,200 | €1,208,200 | +€80,000 | +7.1% |
| Non-distributable reserves | 130/1 | €8,200 | €8,200 | = | 0.0% |
| Legal reserve | 130 | €8,200 | €8,200 | = | 0.0% |
| Distributable reserves | 133 | €1,120,000 | €1,200,000 | +€80,000 | +7.1% |
| Profit (loss) carried forward | 14 | €2,325 | €9,842 | +€7,517 | +323% |
| Amounts payable | 17/49 | €306,843 | €216,198 | -€90,644 | -29.5% |
| Amounts payable within one year | 42/48 | €258,160 | €197,958 | -€60,202 | -23.3% |
| Trade debts | 44 | €87,766 | €50,979 | -€36,787 | -41.9% |
| Suppliers | 440/4 | €87,766 | €50,979 | -€36,787 | -41.9% |
| Taxes, remuneration and social security | 45 | €62,784 | €92,748 | +€29,964 | +47.7% |
| Taxes | 450/3 | €20,705 | €29,517 | +€8,812 | +42.6% |
| Remuneration and social security | 454/9 | €42,079 | €63,231 | +€21,152 | +50.3% |
| Other amounts payable | 47/48 | €107,611 | €54,231 | -€53,380 | -49.6% |
| Accrued charges and deferred income | 492/3 | €48,682 | €18,240 | -€30,442 | -62.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €365,442 | €372,822 | +€7,380 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,566 | €74,637 | -€11,930 | -13.8% |
| Other operating charges | 640/8 | €4,946 | €3,075 | -€1,871 | -37.8% |
| Gross operating margin | 9900 | €636,203 | €620,589 | -€15,614 | -2.5% |
| Operating profit (loss) | 9901 | €179,248 | €170,055 | -€9,193 | -5.1% |
| Financial income | 75/76B | €366 | €14 | -€351 | -96.1% |
| Recurring financial income | 75 | €366 | €14 | -€351 | -96.1% |
| Financial charges | 65/66B | €4,512 | €2,985 | -€1,527 | -33.8% |
| Recurring financial charges | 65 | €4,512 | €2,985 | -€1,527 | -33.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €175,102 | €167,084 | -€8,018 | -4.6% |
| Income taxes | 67/77 | €19,131 | €29,567 | +€10,437 | +54.6% |
| Profit (loss) for the period | 9904 | €155,971 | €137,517 | -€18,455 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €155,971 | €137,517 | -€18,455 | -11.8% |
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 22 October 2026 via checked.be.