KINEN CONCEPT: 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.
KINEN CONCEPT
Largest movements
- Receivables within one year -€117,048
down €117,048 (-52.4%), from €223,427 to €106,378
of which Trade receivables: -€103,752
- Cash -€6,330
down €6,330 (-38.5%), from €16,422 to €10,092
mainly Advances received (-€78,860) and Net result for the year (-€52,381)
- Advances received -€78,860
no longer reported in 2024 (was €78,860)
- Profit (loss) carried forward -€52,381
down €52,381, from €32,338 to -€20,043
- Trade debts +€29,200
up €29,200 (+29.2%), from €99,836 to €129,036
- Tax, wage and social debts -€22,063
down €22,063 (-99.7%), from €22,139 to €75
- Gross operating margin -€56,379
down €56,379, from €8,006 to -€48,373
- Staff costs -€7,952
no longer reported in 2024 (was €7,952)
- Other operating charges +€2,559
up €2,559 (+463.7%), from €552 to €3,110
- Depreciation +€726
new in 2024: €726
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,173 | €117,068 | -€124,104 | -51.5% |
| Fixed assets | 21/28 | €1,324 | €598 | -€726 | -54.8% |
| Tangible fixed assets | 22/27 | €1,324 | €598 | -€726 | -54.8% |
| Furniture and vehicles | 24 | €1,324 | €598 | -€726 | -54.8% |
| Current assets | 29/58 | €239,849 | €116,471 | -€123,379 | -51.4% |
| Amounts receivable within one year | 40/41 | €223,427 | €106,378 | -€117,048 | -52.4% |
| Trade receivables | 40 | €205,707 | €101,955 | -€103,752 | -50.4% |
| Other amounts receivable | 41 | €17,720 | €4,423 | -€13,297 | -75.0% |
| Cash at bank and in hand | 54/58 | €16,422 | €10,092 | -€6,330 | -38.5% |
| Total equity and liabilities | 10/49 | €241,173 | €117,068 | -€124,104 | -51.5% |
| Equity | 10/15 | €40,338 | -€12,043 | -€52,381 | |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,338 | -€20,043 | -€52,381 | |
| Amounts payable | 17/49 | €200,835 | €129,111 | -€71,724 | -35.7% |
| Amounts payable within one year | 42/48 | €200,835 | €129,111 | -€71,724 | -35.7% |
| Trade debts | 44 | €99,836 | €129,036 | +€29,200 | +29.2% |
| Suppliers | 440/4 | €99,836 | €129,036 | +€29,200 | +29.2% |
| Advances received on contracts in progress | 46 | €78,860 | - | -€78,860 | |
| Taxes, remuneration and social security | 45 | €22,139 | €75 | -€22,063 | -99.7% |
| Taxes | 450/3 | €22,139 | €75 | -€22,063 | -99.7% |
| Remuneration, social security and pensions | 62 | €7,952 | - | -€7,952 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €726 | +€726 | |
| Other operating charges | 640/8 | €552 | €3,110 | +€2,559 | +463.7% |
| Gross operating margin | 9900 | €8,006 | -€48,373 | -€56,379 | |
| Operating profit (loss) | 9901 | -€498 | -€52,209 | -€51,711 | -10378.8% |
| Financial charges | 65/66B | €208 | €171 | -€36 | -17.5% |
| Recurring financial charges | 65 | €208 | €171 | -€36 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€706 | -€52,381 | -€51,675 | -7319.8% |
| Profit (loss) for the period | 9904 | -€706 | -€52,381 | -€51,675 | -7319.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€706 | -€52,381 | -€51,675 | -7319.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.