Kinero: 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.
Kinero
Largest movements
- Receivables within one year +€18,473
up €18,473 (+49.2%), from €37,529 to €56,002
of which Other amounts receivable: +€13,598
- Deferred charges and accrued income -€15,051
down €15,051 (-81.2%), from €18,546 to €3,495
- Tangible fixed assets -€1,758
down €1,758 (-71.7%), from €2,450 to €692
- Cash -€875
down €875 (-40.8%), from €2,144 to €1,269
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€18,473)
- Tax, wage and social debts +€2,691
up €2,691 (+11.4%), from €23,527 to €26,218
- Accrued charges and deferred income -€2,213
down €2,213 (-65.8%), from €3,365 to €1,152
- Trade debts +€1,542
up €1,542 (+292%), from €528 to €2,070
- Debts after one year -€1,355
down €1,355 (-100%), from €1,355 to €0
- Write-downs -€10,111
down €10,111, from €5,056 to -€5,056
- Gross operating margin -€7,945
down €7,945 (-16.4%), from €48,379 to €40,434
- Other operating charges +€4,587
up €4,587, from €0 to €4,587
- Financial income -€1,094
down €1,094 (-100%), from €1,094 to €0
- Taxes -€724
down €724 (-7.8%), from €9,304 to €8,581
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 | €63,145 | €63,934 | +€790 | +1.3% |
| Fixed assets | 21/28 | €4,925 | €3,167 | -€1,758 | -35.7% |
| Tangible fixed assets | 22/27 | €2,450 | €692 | -€1,758 | -71.7% |
| Leasing and similar rights | 25 | €2,450 | €692 | -€1,758 | -71.7% |
| Financial fixed assets | 28 | €2,475 | €2,475 | = | 0.0% |
| Current assets | 29/58 | €58,220 | €60,767 | +€2,547 | +4.4% |
| Amounts receivable within one year | 40/41 | €37,529 | €56,002 | +€18,473 | +49.2% |
| Trade receivables | 40 | €13,052 | €17,927 | +€4,875 | +37.3% |
| Other amounts receivable | 41 | €24,477 | €38,076 | +€13,598 | +55.6% |
| Cash at bank and in hand | 54/58 | €2,144 | €1,269 | -€875 | -40.8% |
| Deferred charges and accrued income | 490/1 | €18,546 | €3,495 | -€15,051 | -81.2% |
| Total equity and liabilities | 10/49 | €63,145 | €63,934 | +€790 | +1.3% |
| Equity | 10/15 | €32,577 | €32,755 | +€179 | +0.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,577 | €31,755 | +€179 | +0.6% |
| Amounts payable | 17/49 | €30,568 | €31,179 | +€611 | +2.0% |
| Amounts payable after more than one year | 17 | €1,355 | €0 | -€1,355 | -100% |
| Financial debts | 170/4 | €1,355 | €0 | -€1,355 | -100% |
| Amounts payable within one year | 42/48 | €25,848 | €30,027 | +€4,179 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €1,794 | €1,355 | -€439 | -24.5% |
| Trade debts | 44 | €528 | €2,070 | +€1,542 | +292% |
| Suppliers | 440/4 | €528 | €2,070 | +€1,542 | +292% |
| Taxes, remuneration and social security | 45 | €23,527 | €26,218 | +€2,691 | +11.4% |
| Taxes | 450/3 | €23,527 | €26,218 | +€2,691 | +11.4% |
| Other amounts payable | 47/48 | €0 | €385 | +€385 | |
| Accrued charges and deferred income | 492/3 | €3,365 | €1,152 | -€2,213 | -65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,758 | €1,758 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,056 | -€5,056 | -€10,111 | |
| Other operating charges | 640/8 | €0 | €4,587 | +€4,587 | |
| Gross operating margin | 9900 | €48,379 | €40,434 | -€7,945 | -16.4% |
| Operating profit (loss) | 9901 | €41,566 | €39,145 | -€2,421 | -5.8% |
| Financial income | 75/76B | €1,094 | €0 | -€1,094 | -100% |
| Recurring financial income | 75 | €1,094 | €0 | -€1,094 | -100% |
| Financial charges | 65/66B | €555 | €386 | -€169 | -30.4% |
| Recurring financial charges | 65 | €555 | €386 | -€169 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €42,105 | €38,759 | -€3,346 | -7.9% |
| Income taxes | 67/77 | €9,304 | €8,581 | -€724 | -7.8% |
| Profit (loss) for the period | 9904 | €32,801 | €30,179 | -€2,622 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,801 | €30,179 | -€2,622 | -8.0% |
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 17 October 2026 via checked.be.