Kindo: 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.
Kindo
Largest movements
- Cash -€59,683
down €59,683 (-66.2%), from €90,154 to €30,471
mainly Other debts (-€80,699) and Receivables within one year (-€4,531)
- Receivables within one year +€4,531
up €4,531 (+24.0%), from €18,885 to €23,416
of which Trade receivables: +€11,198
- Other debts -€80,699
down €80,699 (-93.6%), from €86,250 to €5,551
- Profit (loss) carried forward +€28,108
up €28,108 (+156.5%), from €17,961 to €46,069
- Trade debts -€2,206
down €2,206 (-88.6%), from €2,491 to €285
- Tax, wage and social debts -€1,315
down €1,315 (-49.1%), from €2,675 to €1,360
- Gross operating margin -€11,255
down €11,255 (-22.1%), from €50,965 to €39,710
- Taxes +€1,751
up €1,751 (+28.2%), from €6,203 to €7,954
- Depreciation -€1,158
down €1,158 (-62.2%), from €1,863 to €704
- Financial charges -€832
down €832 (-24.9%), from €3,337 to €2,506
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 | €114,604 | €58,445 | -€56,159 | -49.0% |
| Fixed assets | 21/28 | €2,457 | €1,753 | -€704 | -28.7% |
| Tangible fixed assets | 22/27 | €2,457 | €1,753 | -€704 | -28.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,457 | €1,753 | -€704 | -28.7% |
| Current assets | 29/58 | €112,147 | €56,692 | -€55,455 | -49.4% |
| Amounts receivable within one year | 40/41 | €18,885 | €23,416 | +€4,531 | +24.0% |
| Trade receivables | 40 | €11,966 | €23,164 | +€11,198 | +93.6% |
| Other amounts receivable | 41 | €6,919 | €252 | -€6,667 | -96.4% |
| Cash at bank and in hand | 54/58 | €90,154 | €30,471 | -€59,683 | -66.2% |
| Deferred charges and accrued income | 490/1 | €3,108 | €2,806 | -€303 | -9.7% |
| Total equity and liabilities | 10/49 | €114,604 | €58,445 | -€56,159 | -49.0% |
| Equity | 10/15 | €22,961 | €51,069 | +€28,108 | +122.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,961 | €46,069 | +€28,108 | +156.5% |
| Amounts payable | 17/49 | €91,643 | €7,376 | -€84,267 | -92.0% |
| Amounts payable within one year | 42/48 | €91,416 | €7,196 | -€84,220 | -92.1% |
| Trade debts | 44 | €2,491 | €285 | -€2,206 | -88.6% |
| Suppliers | 440/4 | €2,491 | €285 | -€2,206 | -88.6% |
| Taxes, remuneration and social security | 45 | €2,675 | €1,360 | -€1,315 | -49.1% |
| Taxes | 450/3 | €2,675 | €1,360 | -€1,315 | -49.1% |
| Other amounts payable | 47/48 | €86,250 | €5,551 | -€80,699 | -93.6% |
| Accrued charges and deferred income | 492/3 | €227 | €180 | -€47 | -20.6% |
| Non-recurring operating income | 76A | €17,438 | €0 | -€17,438 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,863 | €704 | -€1,158 | -62.2% |
| Other operating charges | 640/8 | €195 | €439 | +€244 | +124.9% |
| Gross operating margin | 9900 | €50,965 | €39,710 | -€11,255 | -22.1% |
| Operating profit (loss) | 9901 | €48,908 | €38,567 | -€10,341 | -21.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,337 | €2,506 | -€832 | -24.9% |
| Recurring financial charges | 65 | €3,337 | €2,506 | -€832 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €45,570 | €36,062 | -€9,509 | -20.9% |
| Income taxes | 67/77 | €6,203 | €7,954 | +€1,751 | +28.2% |
| Profit (loss) for the period | 9904 | €39,367 | €28,108 | -€11,259 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,367 | €28,108 | -€11,259 | -28.6% |
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 7 October 2026 via checked.be.