Kindustree: 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.
Kindustree
Largest movements
- Tangible fixed assets +€212,966
up €212,966 (+15.2%), from €1.4m to €1.6m
of which Land and buildings: +€223,800
- Receivables within one year +€123,668
up €123,668 (+18.3%), from €674,856 to €798,525
of which Trade receivables: +€129,857
- Current portion of long-term debt +€140,432
up €140,432 (+336.9%), from €41,689 to €182,121
- Tax, wage and social debts +€99,382
up €99,382 (+1017.6%), from €9,767 to €109,149
of which Taxes: +€88,886
- Reserves +€39,669
up €39,669 (+14.5%), from €273,271 to €312,940
of which Distributable reserves: +€39,669
- Trade debts +€35,868
up €35,868 (+7.3%), from €492,368 to €528,236
- Debts after one year -€27,131
down €27,131 (-2.7%), from €992,654 to €965,523
- Gross operating margin +€93,068
up €93,068 (+80.9%), from €114,987 to €208,056
- Depreciation +€45,141
up €45,141 (+69.6%), from €64,869 to €110,010
- Financial charges +€26,304
up €26,304 (+105.8%), from €24,857 to €51,161
of which Financial charges: +€26,924
- Taxes +€3,636
up €3,636 (+173.1%), from €2,101 to €5,737
- Other operating charges -€3,398
down €3,398 (-69.7%), from €4,877 to €1,479
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 | €2,138,305 | €2,435,752 | +€297,447 | +13.9% |
| Fixed assets | 21/28 | €1,400,779 | €1,613,745 | +€212,966 | +15.2% |
| Tangible fixed assets | 22/27 | €1,400,779 | €1,613,745 | +€212,966 | +15.2% |
| Land and buildings | 22 | €1,337,292 | €1,561,091 | +€223,800 | +16.7% |
| Plant, machinery and equipment | 23 | €4,994 | €3,458 | -€1,536 | -30.8% |
| Furniture and vehicles | 24 | €58,493 | €49,196 | -€9,297 | -15.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €737,526 | €822,007 | +€84,481 | +11.5% |
| Amounts receivable after more than one year | 29 | €12,936 | €0 | -€12,936 | -100.0% |
| Other amounts receivable | 291 | €12,936 | €0 | -€12,936 | -100.0% |
| Amounts receivable within one year | 40/41 | €674,856 | €798,525 | +€123,668 | +18.3% |
| Trade receivables | 40 | €666,905 | €796,762 | +€129,857 | +19.5% |
| Other amounts receivable | 41 | €7,951 | €1,763 | -€6,189 | -77.8% |
| Cash at bank and in hand | 54/58 | €28,003 | €19,855 | -€8,148 | -29.1% |
| Deferred charges and accrued income | 490/1 | €21,731 | €3,628 | -€18,103 | -83.3% |
| Total equity and liabilities | 10/49 | €2,138,305 | €2,435,752 | +€297,447 | +13.9% |
| Equity | 10/15 | €537,839 | €577,508 | +€39,669 | +7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €273,271 | €312,940 | +€39,669 | +14.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €273,271 | €312,940 | +€39,669 | +14.5% |
| Profit (loss) carried forward | 14 | €245,976 | €245,976 | = | 0.0% |
| Amounts payable | 17/49 | €1,600,466 | €1,858,245 | +€257,779 | +16.1% |
| Amounts payable after more than one year | 17 | €992,654 | €965,523 | -€27,131 | -2.7% |
| Financial debts | 170/4 | €992,654 | €965,523 | -€27,131 | -2.7% |
| Amounts payable within one year | 42/48 | €607,812 | €891,571 | +€283,760 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | €41,689 | €182,121 | +€140,432 | +336.9% |
| Financial debts | 43 | €625 | €625 | = | 0.0% |
| Credit institutions | 430/8 | €625 | €625 | = | 0.0% |
| Trade debts | 44 | €492,368 | €528,236 | +€35,868 | +7.3% |
| Suppliers | 440/4 | €492,368 | €528,236 | +€35,868 | +7.3% |
| Taxes, remuneration and social security | 45 | €9,767 | €109,149 | +€99,382 | +1017.6% |
| Taxes | 450/3 | €9,767 | €98,653 | +€88,886 | +910.1% |
| Remuneration and social security | 454/9 | €0 | €10,496 | +€10,496 | |
| Other amounts payable | 47/48 | €63,363 | €71,441 | +€8,078 | +12.7% |
| Accrued charges and deferred income | 492/3 | €0 | €1,150 | +€1,150 | |
| Non-recurring operating income | 76A | €4,132 | €0 | -€4,132 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,869 | €110,010 | +€45,141 | +69.6% |
| Other operating charges | 640/8 | €4,877 | €1,479 | -€3,398 | -69.7% |
| Gross operating margin | 9900 | €114,987 | €208,056 | +€93,068 | +80.9% |
| Operating profit (loss) | 9901 | €45,241 | €96,567 | +€51,325 | +113.4% |
| Financial income | 75/76B | €1,378 | €0 | -€1,378 | -100.0% |
| Recurring financial income | 75 | €1,378 | €0 | -€1,378 | -100.0% |
| Financial charges | 65/66B | €24,857 | €51,161 | +€26,304 | +105.8% |
| Recurring financial charges | 65 | €24,237 | €51,161 | +€26,924 | +111.1% |
| Non-recurring financial charges | 66B | €620 | €0 | -€620 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €21,762 | €45,406 | +€23,644 | +108.6% |
| Income taxes | 67/77 | €2,101 | €5,737 | +€3,636 | +173.1% |
| Profit (loss) for the period | 9904 | €19,661 | €39,669 | +€20,007 | +101.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,661 | €39,669 | +€20,007 | +101.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.