KINECO: 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.
KINECO
Largest movements
- Tangible fixed assets +€19,354
up €19,354 (+101.8%), from €19,003 to €38,357
of which Furniture and vehicles: +€18,491
- Cash +€18,356
up €18,356 (+499.1%), from €3,678 to €22,034
mainly Net result for the year (+€20,625) and Debts after one year (+€17,588)
- Receivables within one year +€6,711
up €6,711 (+97.4%), from €6,893 to €13,604
of which Other amounts receivable: +€10,035
- Profit (loss) carried forward +€20,625
up €20,625 (+86.2%), from €23,924 to €44,549
- Debts after one year +€17,588
new in 2025: €17,588
- Current portion of long-term debt +€5,178
new in 2025: €5,178
- Tax, wage and social debts +€2,281
up €2,281 (+145.3%), from €1,569 to €3,850
of which Remuneration and social security: +€1,750
- Trade debts -€897
down €897 (-65.0%), from €1,380 to €483
- Depreciation +€8,128
up €8,128 (+1297.6%), from €626 to €8,754
- Gross operating margin +€3,754
up €3,754 (+11.6%), from €32,252 to €36,006
- Taxes -€1,912
down €1,912 (-23.7%), from €8,069 to €6,157
- Financial charges +€718
up €718 (+12153.6%), from €6 to €724
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 | €29,873 | €74,648 | +€44,775 | +149.9% |
| Fixed assets | 21/28 | €19,003 | €38,357 | +€19,354 | +101.8% |
| Tangible fixed assets | 22/27 | €19,003 | €38,357 | +€19,354 | +101.8% |
| Plant, machinery and equipment | 23 | €2,276 | €3,138 | +€863 | +37.9% |
| Furniture and vehicles | 24 | €16,727 | €35,219 | +€18,491 | +110.5% |
| Current assets | 29/58 | €10,870 | €36,291 | +€25,421 | +233.9% |
| Amounts receivable within one year | 40/41 | €6,893 | €13,604 | +€6,711 | +97.4% |
| Trade receivables | 40 | €5,719 | €2,394 | -€3,325 | -58.1% |
| Other amounts receivable | 41 | €1,174 | €11,210 | +€10,035 | +854.7% |
| Cash at bank and in hand | 54/58 | €3,678 | €22,034 | +€18,356 | +499.1% |
| Deferred charges and accrued income | 490/1 | €299 | €653 | +€354 | +118.6% |
| Total equity and liabilities | 10/49 | €29,873 | €74,648 | +€44,775 | +149.9% |
| Equity | 10/15 | €26,924 | €47,549 | +€20,625 | +76.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,924 | €44,549 | +€20,625 | +86.2% |
| Amounts payable | 17/49 | €2,949 | €27,099 | +€24,150 | +818.9% |
| Amounts payable after more than one year | 17 | - | €17,588 | +€17,588 | |
| Financial debts | 170/4 | - | €17,588 | +€17,588 | |
| Amounts payable within one year | 42/48 | €2,949 | €9,511 | +€6,562 | +222.5% |
| Current portion of amounts payable after more than one year | 42 | - | €5,178 | +€5,178 | |
| Trade debts | 44 | €1,380 | €483 | -€897 | -65.0% |
| Suppliers | 440/4 | €1,380 | €483 | -€897 | -65.0% |
| Taxes, remuneration and social security | 45 | €1,569 | €3,850 | +€2,281 | +145.3% |
| Taxes | 450/3 | €1,569 | €2,100 | +€531 | +33.8% |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €626 | €8,754 | +€8,128 | +1297.6% |
| Other operating charges | 640/8 | - | €159 | +€159 | |
| Gross operating margin | 9900 | €32,252 | €36,006 | +€3,754 | +11.6% |
| Operating profit (loss) | 9901 | €31,625 | €27,092 | -€4,533 | -14.3% |
| Financial income | 75/76B | €374 | €414 | +€41 | +10.9% |
| Recurring financial income | 75 | €374 | €414 | +€41 | +10.9% |
| Financial charges | 65/66B | €6 | €724 | +€718 | +12153.6% |
| Recurring financial charges | 65 | €6 | €724 | +€718 | +12153.6% |
| Profit (loss) for the period before taxes | 9903 | €31,993 | €26,782 | -€5,211 | -16.3% |
| Income taxes | 67/77 | €8,069 | €6,157 | -€1,912 | -23.7% |
| Profit (loss) for the period | 9904 | €23,924 | €20,625 | -€3,299 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,924 | €20,625 | -€3,299 | -13.8% |
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 11 October 2026 via checked.be.