KINCI SINAN: 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.
KINCI SINAN
Largest movements
- Receivables within one year +€286,884
new in 2024: €286,884
- Tangible fixed assets -€124,146
no longer reported in 2024 (was €124,146)
- Reserves +€206,890
new in 2024: €206,890
- Debts after one year -€83,693
no longer reported in 2024 (was €83,693)
- Provisions +€68,963
new in 2024: €68,963
- Other debts -€27,077
no longer reported in 2024 (was €27,077)
- Current portion of long-term debt -€10,446
no longer reported in 2024 (was €10,446)
- Gross operating margin -€11,540
down €11,540 (-75.4%), from €15,296 to €3,756
- Financial charges -€5,121
down €5,121 (-99.1%), from €5,168 to €47
- Depreciation -€4,861
no longer reported in 2024 (was €4,861)
- Other operating charges -€2,110
no longer reported in 2024 (was €2,110)
From the 2021 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,286 | €286,884 | +€162,598 | +131% |
| Fixed assets | 21/28 | €124,146 | - | -€124,146 | |
| Tangible fixed assets | 22/27 | €124,146 | - | -€124,146 | |
| Land and buildings | 22 | €124,146 | - | -€124,146 | |
| Current assets | 29/58 | €139 | €286,884 | +€286,745 | +205,965% |
| Amounts receivable within one year | 40/41 | - | €286,884 | +€286,884 | |
| Other amounts receivable | 41 | - | €286,884 | +€286,884 | |
| Cash at bank and in hand | 54/58 | €139 | - | -€139 | |
| Total equity and liabilities | 10/49 | €124,286 | €286,884 | +€162,598 | +131% |
| Equity | 10/15 | -€1 | €213,387 | +€213,387 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €206,890 | +€206,890 | |
| Tax-exempt reserves | 132 | - | €206,890 | +€206,890 | |
| Profit (loss) carried forward | 14 | -€30,001 | -€23,503 | +€6,497 | +21.7% |
| Provisions and deferred taxes | 16 | - | €68,963 | +€68,963 | |
| Deferred taxes | 168 | - | €68,963 | +€68,963 | |
| Amounts payable | 17/49 | €124,286 | €4,534 | -€119,753 | -96.4% |
| Amounts payable after more than one year | 17 | €83,693 | - | -€83,693 | |
| Financial debts | 170/4 | €83,693 | - | -€83,693 | |
| Amounts payable within one year | 42/48 | €40,593 | €4,534 | -€36,060 | -88.8% |
| Current portion of amounts payable after more than one year | 42 | €10,446 | - | -€10,446 | |
| Financial debts | 43 | - | €7 | +€7 | |
| Credit institutions | 430/8 | - | €7 | +€7 | |
| Trade debts | 44 | €3,071 | €4,441 | +€1,370 | +44.6% |
| Suppliers | 440/4 | €3,071 | €4,441 | +€1,370 | +44.6% |
| Taxes, remuneration and social security | 45 | - | €86 | +€86 | |
| Taxes | 450/3 | - | €86 | +€86 | |
| Other amounts payable | 47/48 | €27,077 | - | -€27,077 | |
| Non-recurring operating income | 76A | - | €3,756 | +€3,756 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,861 | - | -€4,861 | |
| Other operating charges | 640/8 | €2,110 | - | -€2,110 | |
| Gross operating margin | 9900 | €15,296 | €3,756 | -€11,540 | -75.4% |
| Operating profit (loss) | 9901 | €8,325 | €3,756 | -€4,569 | -54.9% |
| Financial charges | 65/66B | €5,168 | €47 | -€5,121 | -99.1% |
| Recurring financial charges | 65 | €5,168 | €47 | -€5,121 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €3,158 | €3,709 | +€552 | +17.5% |
| Profit (loss) for the period | 9904 | €3,158 | €3,709 | +€552 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,158 | €3,709 | +€552 | +17.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.