KINCORA: 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.
KINCORA
Largest movements
- Receivables within one year -€41,038
down €41,038 (-85.1%), from €48,230 to €7,193
of which Other amounts receivable: -€38,618
- Cash -€9,296
down €9,296 (-99.7%), from €9,324 to €28
mainly Other debts (-€48,920) and Trade debts (-€922)
- Other debts -€48,920
no longer reported in 2025 (was €48,920)
- Trade debts -€922
down €922 (-35.8%), from €2,572 to €1,650
- Profit (loss) carried forward -€630
new in 2025: -€630
- Gross operating margin +€1,356
up €1,356 (+54.8%), from -€2,474 to -€1,118
- Depreciation -€229
down €229 (-62.5%), from €367 to €138
- Other operating charges +€228
up €228 (+92.1%), from €248 to €476
- Financial income -€79
down €79 (-6.0%), from €1,316 to €1,238
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 | €57,692 | €7,220 | -€50,472 | -87.5% |
| Fixed assets | 21/28 | €138 | - | -€138 | |
| Tangible fixed assets | 22/27 | €138 | - | -€138 | |
| Furniture and vehicles | 24 | €138 | - | -€138 | |
| Current assets | 29/58 | €57,554 | €7,220 | -€50,334 | -87.5% |
| Amounts receivable within one year | 40/41 | €48,230 | €7,193 | -€41,038 | -85.1% |
| Trade receivables | 40 | €2,420 | - | -€2,420 | |
| Other amounts receivable | 41 | €45,810 | €7,193 | -€38,618 | -84.3% |
| Cash at bank and in hand | 54/58 | €9,324 | €28 | -€9,296 | -99.7% |
| Total equity and liabilities | 10/49 | €57,692 | €7,220 | -€50,472 | -87.5% |
| Equity | 10/15 | €6,200 | €5,570 | -€630 | -10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€630 | -€630 | |
| Amounts payable | 17/49 | €51,492 | €1,650 | -€49,842 | -96.8% |
| Amounts payable within one year | 42/48 | €51,492 | €1,650 | -€49,842 | -96.8% |
| Trade debts | 44 | €2,572 | €1,650 | -€922 | -35.8% |
| Suppliers | 440/4 | €2,572 | €1,650 | -€922 | -35.8% |
| Other amounts payable | 47/48 | €48,920 | - | -€48,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367 | €138 | -€229 | -62.5% |
| Other operating charges | 640/8 | €248 | €476 | +€228 | +92.1% |
| Gross operating margin | 9900 | -€2,474 | -€1,118 | +€1,356 | +54.8% |
| Operating profit (loss) | 9901 | -€3,089 | -€1,731 | +€1,357 | +43.9% |
| Financial income | 75/76B | €1,316 | €1,238 | -€79 | -6.0% |
| Recurring financial income | 75 | €1,316 | €1,238 | -€79 | -6.0% |
| Financial charges | 65/66B | €126 | €136 | +€10 | +7.8% |
| Recurring financial charges | 65 | €126 | €136 | +€10 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,898 | -€630 | +€1,269 | +66.8% |
| Profit (loss) for the period | 9904 | -€1,898 | -€630 | +€1,269 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,898 | -€630 | +€1,269 | +66.8% |
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 1 October 2026 via checked.be.