KINBO: 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.
KINBO
Largest movements
- Tangible fixed assets -€434,833
down €434,833 (-24.6%), from €1.8m to €1.3m
of which Furniture and vehicles: -€340,000
- Receivables within one year +€232,443
up €232,443 (+10.8%), from €2.2m to €2.4m
of which Other amounts receivable: +€242,546
- Cash -€113,839
down €113,839 (-14.9%), from €765,888 to €652,050
mainly Receivables within one year (-€232,443) and Tax, wage and social debts (-€162,654)
- Tax, wage and social debts -€162,654
down €162,654 (-73.5%), from €221,298 to €58,644
- Debts after one year -€109,560
no longer reported in 2024 (was €109,560)
- Financial charges -€592,529
down €592,529 (-89.1%), from €665,228 to €72,699
of which Financial charges: -€661,867
- Taxes -€98,428
down €98,428 (-98.0%), from €100,405 to €1,978
- Financial income +€59,576
up €59,576 (+57.9%), from €102,915 to €162,491
- Gross operating margin -€21,365
down €21,365 (-57.2%), from €37,339 to €15,974
- Depreciation -€1,905
down €1,905 (-2.0%), from €96,737 to €94,833
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,685,791 | €4,368,368 | -€317,423 | -6.8% |
| Fixed assets | 21/28 | €1,765,314 | €1,329,651 | -€435,663 | -24.7% |
| Tangible fixed assets | 22/27 | €1,764,484 | €1,329,651 | -€434,833 | -24.6% |
| Land and buildings | 22 | €1,424,484 | €1,329,651 | -€94,833 | -6.7% |
| Furniture and vehicles | 24 | €340,000 | - | -€340,000 | |
| Financial fixed assets | 28 | €830 | - | -€830 | |
| Current assets | 29/58 | €2,920,477 | €3,038,717 | +€118,240 | +4.0% |
| Amounts receivable within one year | 40/41 | €2,154,225 | €2,386,667 | +€232,443 | +10.8% |
| Trade receivables | 40 | €10,103 | - | -€10,103 | |
| Other amounts receivable | 41 | €2,144,122 | €2,386,667 | +€242,546 | +11.3% |
| Cash at bank and in hand | 54/58 | €765,888 | €652,050 | -€113,839 | -14.9% |
| Deferred charges and accrued income | 490/1 | €364 | - | -€364 | |
| Total equity and liabilities | 10/49 | €4,685,791 | €4,368,368 | -€317,423 | -6.8% |
| Equity | 10/15 | €3,095,635 | €3,120,802 | +€25,167 | +0.8% |
| Contributions | 10/11 | €226,823 | €226,823 | = | 0.0% |
| Capital | 10 | €226,823 | €226,823 | = | 0.0% |
| Issued capital | 100 | €226,823 | €226,823 | = | 0.0% |
| Revaluation surpluses | 12 | €2,553,000 | €2,553,000 | = | 0.0% |
| Reserves | 13 | €1,022,123 | €1,022,123 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,682 | €22,682 | = | 0.0% |
| Legal reserve | 130 | €22,682 | €22,682 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,049 | €41,049 | = | 0.0% |
| Distributable reserves | 133 | €958,392 | €958,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€706,311 | -€681,143 | +€25,167 | +3.6% |
| Provisions and deferred taxes | 16 | €154,998 | €129,115 | -€25,883 | -16.7% |
| Deferred taxes | 168 | €154,998 | €129,115 | -€25,883 | -16.7% |
| Amounts payable | 17/49 | €1,435,158 | €1,118,451 | -€316,708 | -22.1% |
| Amounts payable after more than one year | 17 | €109,560 | - | -€109,560 | |
| Financial debts | 170/4 | €109,560 | - | -€109,560 | |
| Amounts payable within one year | 42/48 | €670,410 | €463,262 | -€207,148 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €150,590 | €109,560 | -€41,030 | -27.2% |
| Trade debts | 44 | €24,561 | €23,232 | -€1,329 | -5.4% |
| Suppliers | 440/4 | €24,561 | €23,232 | -€1,329 | -5.4% |
| Taxes, remuneration and social security | 45 | €221,298 | €58,644 | -€162,654 | -73.5% |
| Taxes | 450/3 | €221,298 | €58,644 | -€162,654 | -73.5% |
| Other amounts payable | 47/48 | €273,961 | €271,826 | -€2,135 | -0.8% |
| Accrued charges and deferred income | 492/3 | €655,189 | €655,189 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,737 | €94,833 | -€1,905 | -2.0% |
| Other operating charges | 640/8 | €10,076 | €9,671 | -€405 | -4.0% |
| Gross operating margin | 9900 | €37,339 | €15,974 | -€21,365 | -57.2% |
| Operating profit (loss) | 9901 | -€69,475 | -€88,529 | -€19,055 | -27.4% |
| Financial income | 75/76B | €102,915 | €162,491 | +€59,576 | +57.9% |
| Recurring financial income | 75 | €102,915 | €162,491 | +€59,576 | +57.9% |
| Financial charges | 65/66B | €665,228 | €72,699 | -€592,529 | -89.1% |
| Recurring financial charges | 65 | €665,228 | €3,361 | -€661,867 | -99.5% |
| Non-recurring financial charges | 66B | - | €69,339 | +€69,339 | |
| Profit (loss) for the period before taxes | 9903 | -€631,788 | €1,262 | +€633,050 | |
| Transfer from deferred taxes | 780 | €25,883 | €25,883 | = | 0.0% |
| Income taxes | 67/77 | €100,405 | €1,978 | -€98,428 | -98.0% |
| Profit (loss) for the period | 9904 | -€706,311 | €25,167 | +€731,478 | |
| Profit (loss) for the period to be appropriated | 9905 | -€706,311 | €25,167 | +€731,478 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.