Kinection: 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.
Kinection
Largest movements
- Cash -€48,025
down €48,025 (-65.4%), from €73,416 to €25,391
mainly Contributions, distributions and other (-€57,304) and Investment in fixed assets (net) (-€12,584)
- Tangible fixed assets +€9,904
up €9,904 (+605.6%), from €1,636 to €11,540
of which Plant, machinery and equipment: +€5,430
- Reserves -€27,061
down €27,061 (-46.2%), from €58,556 to €31,495
- Tax, wage and social debts -€9,704
down €9,704 (-100.0%), from €9,704 to €0
- Other debts -€1,069
down €1,069 (-78.8%), from €1,357 to €288
- Depreciation +€1,572
up €1,572 (+141.9%), from €1,108 to €2,679
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 | €77,292 | €39,800 | -€37,491 | -48.5% |
| Fixed assets | 21/28 | €1,636 | €11,540 | +€9,904 | +605.6% |
| Tangible fixed assets | 22/27 | €1,636 | €11,540 | +€9,904 | +605.6% |
| Plant, machinery and equipment | 23 | €1,636 | €7,065 | +€5,430 | +332.0% |
| Furniture and vehicles | 24 | - | €4,475 | +€4,475 | |
| Current assets | 29/58 | €75,656 | €28,261 | -€47,396 | -62.6% |
| Amounts receivable within one year | 40/41 | €1,500 | €2,104 | +€604 | +40.3% |
| Other amounts receivable | 41 | €1,500 | €2,104 | +€604 | +40.3% |
| Cash at bank and in hand | 54/58 | €73,416 | €25,391 | -€48,025 | -65.4% |
| Deferred charges and accrued income | 490/1 | €740 | €766 | +€25 | +3.4% |
| Total equity and liabilities | 10/49 | €77,292 | €39,800 | -€37,491 | -48.5% |
| Equity | 10/15 | €64,556 | €37,495 | -€27,061 | -41.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €58,556 | €31,495 | -€27,061 | -46.2% |
| Distributable reserves | 133 | €58,556 | €31,495 | -€27,061 | -46.2% |
| Amounts payable | 17/49 | €12,736 | €2,306 | -€10,430 | -81.9% |
| Amounts payable within one year | 42/48 | €12,736 | €2,306 | -€10,430 | -81.9% |
| Current portion of amounts payable after more than one year | 42 | - | €667 | +€667 | |
| Trade debts | 44 | €1,675 | €1,352 | -€323 | -19.3% |
| Suppliers | 440/4 | €1,675 | €1,352 | -€323 | -19.3% |
| Taxes, remuneration and social security | 45 | €9,704 | €0 | -€9,704 | -100.0% |
| Taxes | 450/3 | €9,704 | €0 | -€9,704 | -100.0% |
| Other amounts payable | 47/48 | €1,357 | €288 | -€1,069 | -78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,108 | €2,679 | +€1,572 | +141.9% |
| Other operating charges | 640/8 | €1,099 | €1,137 | +€38 | +3.4% |
| Gross operating margin | 9900 | €43,852 | €44,290 | +€438 | +1.0% |
| Operating profit (loss) | 9901 | €41,645 | €40,474 | -€1,171 | -2.8% |
| Financial charges | 65/66B | €726 | €836 | +€110 | +15.2% |
| Recurring financial charges | 65 | €726 | €836 | +€110 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €40,919 | €39,638 | -€1,281 | -3.1% |
| Income taxes | 67/77 | €9,704 | €9,396 | -€308 | -3.2% |
| Profit (loss) for the period | 9904 | €31,215 | €30,242 | -€973 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,215 | €30,242 | -€973 | -3.1% |
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 29 September 2026 via checked.be.