KINC: 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.
KINC
Largest movements
- Tangible fixed assets -€24,382
down €24,382 (-15.6%), from €156,429 to €132,047
of which Leasing and similar rights: -€20,503
- Receivables within one year +€7,983
up €7,983 (+10.6%), from €75,421 to €83,403
of which Other amounts receivable: +€11,483
- Cash -€2,843
down €2,843 (-9.8%), from €29,044 to €26,201
mainly Debts after one year (-€28,113) and Receivables within one year (-€7,983)
- Debts after one year -€28,113
down €28,113 (-43.6%), from €64,502 to €36,389
- Reserves +€11,572
up €11,572 (+12.4%), from €93,253 to €104,825
- Current portion of long-term debt -€2,651
down €2,651 (-7.6%), from €34,930 to €32,280
- Gross operating margin -€3,282
down €3,282 (-6.5%), from €50,706 to €47,424
- Taxes -€2,332
down €2,332 (-27.0%), from €8,634 to €6,302
- Write-downs +€2,238
new in 2024: €2,238
- Financial charges -€2,217
down €2,217 (-43.5%), from €5,098 to €2,882
- Other operating charges -€1,944
down €1,944 (-65.6%), from €2,962 to €1,017
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 | €261,890 | €243,471 | -€18,419 | -7.0% |
| Fixed assets | 21/28 | €156,729 | €132,347 | -€24,382 | -15.6% |
| Tangible fixed assets | 22/27 | €156,429 | €132,047 | -€24,382 | -15.6% |
| Land and buildings | 22 | €872 | - | -€872 | |
| Plant, machinery and equipment | 23 | €458 | - | -€458 | |
| Furniture and vehicles | 24 | €6,305 | €3,757 | -€2,548 | -40.4% |
| Leasing and similar rights | 25 | €148,794 | €128,291 | -€20,503 | -13.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €105,161 | €111,123 | +€5,962 | +5.7% |
| Amounts receivable within one year | 40/41 | €75,421 | €83,403 | +€7,983 | +10.6% |
| Trade receivables | 40 | €20,219 | €16,719 | -€3,500 | -17.3% |
| Other amounts receivable | 41 | €55,201 | €66,684 | +€11,483 | +20.8% |
| Cash at bank and in hand | 54/58 | €29,044 | €26,201 | -€2,843 | -9.8% |
| Deferred charges and accrued income | 490/1 | €697 | €1,519 | +€822 | +118.0% |
| Total equity and liabilities | 10/49 | €261,890 | €243,471 | -€18,419 | -7.0% |
| Equity | 10/15 | €141,853 | €153,425 | +€11,572 | +8.2% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €93,253 | €104,825 | +€11,572 | +12.4% |
| Distributable reserves | 133 | €93,253 | €104,825 | +€11,572 | +12.4% |
| Amounts payable | 17/49 | €120,037 | €90,046 | -€29,992 | -25.0% |
| Amounts payable after more than one year | 17 | €64,502 | €36,389 | -€28,113 | -43.6% |
| Financial debts | 170/4 | €64,502 | €36,389 | -€28,113 | -43.6% |
| Amounts payable within one year | 42/48 | €55,474 | €52,809 | -€2,665 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €34,930 | €32,280 | -€2,651 | -7.6% |
| Trade debts | 44 | €4,593 | €7,062 | +€2,469 | +53.7% |
| Suppliers | 440/4 | €4,593 | €7,062 | +€2,469 | +53.7% |
| Taxes, remuneration and social security | 45 | €15,951 | €13,467 | -€2,483 | -15.6% |
| Taxes | 450/3 | €13,452 | €10,969 | -€2,483 | -18.5% |
| Remuneration and social security | 454/9 | €2,498 | €2,498 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €61 | €848 | +€786 | +1282.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,869 | €26,410 | +€541 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,238 | +€2,238 | |
| Other operating charges | 640/8 | €2,962 | €1,017 | -€1,944 | -65.6% |
| Gross operating margin | 9900 | €50,706 | €47,424 | -€3,282 | -6.5% |
| Operating profit (loss) | 9901 | €21,876 | €17,759 | -€4,117 | -18.8% |
| Financial income | 75/76B | €2,194 | €2,997 | +€803 | +36.6% |
| Recurring financial income | 75 | €2,194 | €2,997 | +€803 | +36.6% |
| Financial charges | 65/66B | €5,098 | €2,882 | -€2,217 | -43.5% |
| Recurring financial charges | 65 | €5,098 | €2,882 | -€2,217 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €18,971 | €17,874 | -€1,097 | -5.8% |
| Income taxes | 67/77 | €8,634 | €6,302 | -€2,332 | -27.0% |
| Profit (loss) for the period | 9904 | €10,337 | €11,572 | +€1,235 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,337 | €11,572 | +€1,235 | +12.0% |
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 3 October 2026 via checked.be.