KINAVIA: 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.
KINAVIA
Largest movements
- Receivables within one year +€174,921
up €174,921 (+16989.9%), from €1,030 to €175,951
of which Trade receivables: +€173,128
- Tangible fixed assets -€114,234
down €114,234 (-75.6%), from €151,067 to €36,833
of which Furniture and vehicles: -€107,263
- Cash +€3,466
up €3,466 (+58.4%), from €5,938 to €9,404
mainly Investment in fixed assets (net) (+€108,690) and Net result for the year (+€34,714)
- Profit (loss) carried forward +€34,714
up €34,714 (+8.4%), from -€414,627 to -€379,913
- Other debts +€26,910
up €26,910 (+4.9%), from €554,440 to €581,350
- Trade debts +€2,637
up €2,637 (+26.8%), from €9,836 to €12,473
- Gross operating margin +€79,052
up €79,052, from -€31,306 to €47,746
- Depreciation -€19,777
down €19,777 (-78.1%), from €25,320 to €5,544
- Financial charges +€1,715
up €1,715 (+1270.2%), from €135 to €1,850
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 | €158,034 | €222,187 | +€64,153 | +40.6% |
| Fixed assets | 21/28 | €151,067 | €36,833 | -€114,234 | -75.6% |
| Tangible fixed assets | 22/27 | €151,067 | €36,833 | -€114,234 | -75.6% |
| Furniture and vehicles | 24 | €110,518 | €3,254 | -€107,263 | -97.1% |
| Other tangible fixed assets | 26 | €40,549 | €33,578 | -€6,970 | -17.2% |
| Current assets | 29/58 | €6,968 | €185,355 | +€178,387 | +2560.1% |
| Amounts receivable within one year | 40/41 | €1,030 | €175,951 | +€174,921 | +16989.9% |
| Trade receivables | 40 | €893 | €174,021 | +€173,128 | +19388.1% |
| Other amounts receivable | 41 | €137 | €1,930 | +€1,793 | +1312.5% |
| Cash at bank and in hand | 54/58 | €5,938 | €9,404 | +€3,466 | +58.4% |
| Total equity and liabilities | 10/49 | €158,034 | €222,187 | +€64,153 | +40.6% |
| Equity | 10/15 | -€406,567 | -€371,853 | +€34,714 | +8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€414,627 | -€379,913 | +€34,714 | +8.4% |
| Amounts payable | 17/49 | €564,601 | €594,040 | +€29,439 | +5.2% |
| Amounts payable after more than one year | 17 | €190 | €200 | +€10 | +5.3% |
| Other amounts payable | 178/9 | €190 | €200 | +€10 | +5.3% |
| Amounts payable within one year | 42/48 | €564,411 | €593,840 | +€29,429 | +5.2% |
| Trade debts | 44 | €9,836 | €12,473 | +€2,637 | +26.8% |
| Suppliers | 440/4 | €9,836 | €12,473 | +€2,637 | +26.8% |
| Taxes, remuneration and social security | 45 | €135 | €17 | -€118 | -87.3% |
| Taxes | 450/3 | €135 | €17 | -€118 | -87.3% |
| Other amounts payable | 47/48 | €554,440 | €581,350 | +€26,910 | +4.9% |
| Non-recurring operating income | 76A | €5,150 | €83,176 | +€78,026 | +1515.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,320 | €5,544 | -€19,777 | -78.1% |
| Other operating charges | 640/8 | €3,853 | €3,772 | -€82 | -2.1% |
| Non-recurring operating charges | 66A | - | €1,867 | +€1,867 | |
| Gross operating margin | 9900 | -€31,306 | €47,746 | +€79,052 | |
| Operating profit (loss) | 9901 | -€60,480 | €36,564 | +€97,044 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €135 | €1,850 | +€1,715 | +1270.2% |
| Recurring financial charges | 65 | €135 | €1,850 | +€1,715 | +1270.2% |
| Profit (loss) for the period before taxes | 9903 | -€60,615 | €34,714 | +€95,329 | |
| Income taxes | 67/77 | €45 | €0 | -€45 | -100.0% |
| Profit (loss) for the period | 9904 | -€60,660 | €34,714 | +€95,374 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,660 | €34,714 | +€95,374 |
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 8 October 2026 via checked.be.