KINDRED SPIRITS: 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.
KINDRED SPIRITS
Largest movements
- Receivables within one year -€7,582
down €7,582 (-79.9%), from €9,490 to €1,908
of which Trade receivables: -€7,000
- Stocks and contracts +€1,169
up €1,169 (+32.9%), from €3,552 to €4,721
- Cash +€697
up €697 (+9.9%), from €7,045 to €7,741
mainly Receivables within one year (+€7,582) and Net result for the year (+€3,497)
- Advances received -€8,470
down €8,470 (-95.3%), from €8,890 to €420
- Profit (loss) carried forward +€3,497
up €3,497 (+39.8%), from -€8,775 to -€5,279
- Trade debts -€2,722
down €2,722 (-100%), from €2,722 to €0
- Tax, wage and social debts +€1,039
up €1,039, from €0 to €1,039
- Other debts +€940
new in 2025: €940
- Gross operating margin +€11,542
up €11,542, from -€7,425 to €4,118
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.
Derived cash bridge
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 | €21,087 | €15,370 | -€5,716 | -27.1% |
| Fixed assets | 21/28 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €20,087 | €14,370 | -€5,716 | -28.5% |
| Stocks and contracts in progress | 3 | €3,552 | €4,721 | +€1,169 | +32.9% |
| Stocks | 30/36 | €3,552 | €4,721 | +€1,169 | +32.9% |
| Amounts receivable within one year | 40/41 | €9,490 | €1,908 | -€7,582 | -79.9% |
| Trade receivables | 40 | €7,000 | €0 | -€7,000 | -100% |
| Other amounts receivable | 41 | €2,490 | €1,908 | -€582 | -23.4% |
| Cash at bank and in hand | 54/58 | €7,045 | €7,741 | +€697 | +9.9% |
| Total equity and liabilities | 10/49 | €21,087 | €15,370 | -€5,716 | -27.1% |
| Equity | 10/15 | -€525 | €2,971 | +€3,497 | |
| Contributions | 10/11 | €8,250 | €8,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,775 | -€5,279 | +€3,497 | +39.8% |
| Amounts payable | 17/49 | €21,612 | €12,399 | -€9,213 | -42.6% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,612 | €2,399 | -€9,213 | -79.3% |
| Trade debts | 44 | €2,722 | €0 | -€2,722 | -100% |
| Suppliers | 440/4 | €2,722 | €0 | -€2,722 | -100% |
| Advances received on contracts in progress | 46 | €8,890 | €420 | -€8,470 | -95.3% |
| Taxes, remuneration and social security | 45 | €0 | €1,039 | +€1,039 | |
| Taxes | 450/3 | €0 | €1,039 | +€1,039 | |
| Other amounts payable | 47/48 | - | €940 | +€940 | |
| Other operating charges | 640/8 | €695 | €715 | +€20 | +2.9% |
| Gross operating margin | 9900 | -€7,425 | €4,118 | +€11,542 | |
| Operating profit (loss) | 9901 | -€8,120 | €3,403 | +€11,522 | |
| Financial income | 75/76B | €135 | €134 | -€1 | -0.4% |
| Recurring financial income | 75 | €135 | €134 | -€1 | -0.4% |
| Financial charges | 65/66B | €9 | €40 | +€32 | +357% |
| Recurring financial charges | 65 | €9 | €40 | +€32 | +357% |
| Profit (loss) for the period before taxes | 9903 | -€7,993 | €3,497 | +€11,490 | |
| Profit (loss) for the period | 9904 | -€7,993 | €3,497 | +€11,490 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,993 | €3,497 | +€11,490 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.