KINENFANCE: 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.
KINENFANCE
Largest movements
- Cash -€27,961
down €27,961 (-41.7%), from €67,014 to €39,053
mainly Contributions, distributions and other (-€60,321) and Debts after one year (-€47,594)
- Tangible fixed assets -€26,974
down €26,974 (-4.2%), from €645,043 to €618,069
of which Land and buildings: -€25,567
- Debts after one year -€47,594
down €47,594 (-10.9%), from €438,314 to €390,720
- Other debts +€12,277
up €12,277 (+56.2%), from €21,831 to €34,108
- Trade debts -€10,605
down €10,605 (-68.0%), from €15,589 to €4,983
- Tax, wage and social debts -€7,800
down €7,800 (-81.1%), from €9,622 to €1,822
- Financial charges -€1,757
down €1,757 (-20.1%), from €8,727 to €6,970
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 | €717,832 | €661,500 | -€56,332 | -7.8% |
| Fixed assets | 21/28 | €645,043 | €618,069 | -€26,974 | -4.2% |
| Tangible fixed assets | 22/27 | €645,043 | €618,069 | -€26,974 | -4.2% |
| Land and buildings | 22 | €639,975 | €614,408 | -€25,567 | -4.0% |
| Plant, machinery and equipment | 23 | €4,883 | €3,661 | -€1,222 | -25.0% |
| Furniture and vehicles | 24 | €185 | €0 | -€185 | -100% |
| Current assets | 29/58 | €72,789 | €43,430 | -€29,358 | -40.3% |
| Amounts receivable within one year | 40/41 | €3,250 | €975 | -€2,275 | -70.0% |
| Trade receivables | 40 | €2,200 | €0 | -€2,200 | -100% |
| Other amounts receivable | 41 | €1,050 | €975 | -€75 | -7.1% |
| Cash at bank and in hand | 54/58 | €67,014 | €39,053 | -€27,961 | -41.7% |
| Deferred charges and accrued income | 490/1 | €2,525 | €3,403 | +€878 | +34.8% |
| Total equity and liabilities | 10/49 | €717,832 | €661,500 | -€56,332 | -7.8% |
| Equity | 10/15 | €179,305 | €182,273 | +€2,968 | +1.7% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,520 | €71,808 | +€3,288 | +4.8% |
| Investment grants | 15 | €5,786 | €5,465 | -€321 | -5.5% |
| Amounts payable | 17/49 | €538,526 | €479,227 | -€59,300 | -11.0% |
| Amounts payable after more than one year | 17 | €438,314 | €390,720 | -€47,594 | -10.9% |
| Financial debts | 170/4 | €438,314 | €390,720 | -€47,594 | -10.9% |
| Amounts payable within one year | 42/48 | €99,591 | €88,507 | -€11,085 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €52,550 | €47,594 | -€4,957 | -9.4% |
| Trade debts | 44 | €15,589 | €4,983 | -€10,605 | -68.0% |
| Suppliers | 440/4 | €15,589 | €4,983 | -€10,605 | -68.0% |
| Taxes, remuneration and social security | 45 | €9,622 | €1,822 | -€7,800 | -81.1% |
| Taxes | 450/3 | €9,622 | €1,822 | -€7,800 | -81.1% |
| Other amounts payable | 47/48 | €21,831 | €34,108 | +€12,277 | +56.2% |
| Accrued charges and deferred income | 492/3 | €621 | €0 | -€621 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,408 | €26,974 | +€566 | +2.1% |
| Other operating charges | 640/8 | €9,584 | €9,884 | +€300 | +3.1% |
| Gross operating margin | 9900 | €128,058 | €128,464 | +€406 | +0.3% |
| Operating profit (loss) | 9901 | €92,066 | €91,606 | -€460 | -0.5% |
| Financial income | 75/76B | €871 | €540 | -€332 | -38.1% |
| Recurring financial income | 75 | €871 | €540 | -€332 | -38.1% |
| Financial charges | 65/66B | €8,727 | €6,970 | -€1,757 | -20.1% |
| Recurring financial charges | 65 | €8,727 | €6,970 | -€1,757 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €84,211 | €85,176 | +€965 | +1.1% |
| Income taxes | 67/77 | €21,111 | €21,888 | +€777 | +3.7% |
| Profit (loss) for the period | 9904 | €63,100 | €63,288 | +€188 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,100 | €63,288 | +€188 | +0.3% |
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 20 October 2026 via checked.be.