Kinexa: 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.
Kinexa
Largest movements
- Receivables within one year -€17,268
down €17,268 (-92.0%), from €18,765 to €1,497
of which Other amounts receivable: -€8,798
- Cash -€11,421
down €11,421 (-16.0%), from €71,166 to €59,745
mainly Contributions, distributions and other (-€23,681) and Other debts (-€23,253)
- Deferred charges and accrued income +€2,276
up €2,276 (+105.6%), from €2,156 to €4,432
- Tangible fixed assets -€1,618
down €1,618 (-73.8%), from €2,191 to €573
of which Furniture and vehicles: -€1,378
- Other debts -€23,253
down €23,253 (-49.5%), from €46,944 to €23,690
- Profit (loss) carried forward -€13,681
down €13,681 (-100.0%), from €13,681 to €0
- Reserves +€6,196
up €6,196 (+65.1%), from €9,525 to €15,721
of which Distributable reserves: +€15,100
- Tax, wage and social debts +€3,333
up €3,333 (+234.4%), from €1,422 to €4,756
- Gross operating margin +€4,440
up €4,440 (+21.0%), from €21,177 to €25,617
- Taxes +€3,942
up €3,942 (+165.5%), from €2,382 to €6,324
- Financial charges -€1,370
down €1,370 (-53.1%), from €2,578 to €1,208
- Depreciation -€857
down €857 (-48.3%), from €1,773 to €916
- Financial income +€801
up €801, from €0 to €801
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 | €94,278 | €66,248 | -€28,030 | -29.7% |
| Fixed assets | 21/28 | €2,191 | €573 | -€1,618 | -73.8% |
| Tangible fixed assets | 22/27 | €2,191 | €573 | -€1,618 | -73.8% |
| Plant, machinery and equipment | 23 | €813 | €573 | -€240 | -29.5% |
| Furniture and vehicles | 24 | €1,378 | €0 | -€1,378 | -100.0% |
| Current assets | 29/58 | €92,087 | €65,674 | -€26,413 | -28.7% |
| Amounts receivable within one year | 40/41 | €18,765 | €1,497 | -€17,268 | -92.0% |
| Trade receivables | 40 | €8,470 | €0 | -€8,470 | -100.0% |
| Other amounts receivable | 41 | €10,295 | €1,497 | -€8,798 | -85.5% |
| Cash at bank and in hand | 54/58 | €71,166 | €59,745 | -€11,421 | -16.0% |
| Deferred charges and accrued income | 490/1 | €2,156 | €4,432 | +€2,276 | +105.6% |
| Total equity and liabilities | 10/49 | €94,278 | €66,248 | -€28,030 | -29.7% |
| Equity | 10/15 | €41,806 | €34,321 | -€7,484 | -17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,525 | €15,721 | +€6,196 | +65.1% |
| Tax-exempt reserves | 132 | €8,903 | €0 | -€8,903 | -100.0% |
| Distributable reserves | 133 | €622 | €15,721 | +€15,100 | +2429.0% |
| Profit (loss) carried forward | 14 | €13,681 | €0 | -€13,681 | -100.0% |
| Amounts payable | 17/49 | €52,472 | €31,926 | -€20,546 | -39.2% |
| Amounts payable within one year | 42/48 | €50,872 | €30,126 | -€20,746 | -40.8% |
| Trade debts | 44 | €2,506 | €1,680 | -€826 | -33.0% |
| Suppliers | 440/4 | €2,506 | €1,680 | -€826 | -33.0% |
| Taxes, remuneration and social security | 45 | €1,422 | €4,756 | +€3,333 | +234.4% |
| Taxes | 450/3 | €1,422 | €4,756 | +€3,333 | +234.4% |
| Other amounts payable | 47/48 | €46,944 | €23,690 | -€23,253 | -49.5% |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,800 | +€200 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,773 | €916 | -€857 | -48.3% |
| Other operating charges | 640/8 | €939 | €1,072 | +€133 | +14.1% |
| Non-recurring operating charges | 66A | - | €702 | +€702 | |
| Gross operating margin | 9900 | €21,177 | €25,617 | +€4,440 | +21.0% |
| Operating profit (loss) | 9901 | €18,465 | €22,927 | +€4,463 | +24.2% |
| Financial income | 75/76B | €0 | €801 | +€801 | |
| Recurring financial income | 75 | €0 | €801 | +€801 | |
| Financial charges | 65/66B | €2,578 | €1,208 | -€1,370 | -53.1% |
| Recurring financial charges | 65 | €2,578 | €1,208 | -€1,370 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €15,887 | €22,520 | +€6,634 | +41.8% |
| Income taxes | 67/77 | €2,382 | €6,324 | +€3,942 | +165.5% |
| Profit (loss) for the period | 9904 | €13,505 | €16,196 | +€2,691 | +19.9% |
| Transfer from tax-exempt reserves | 789 | - | €8,903 | +€8,903 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,505 | €25,100 | +€11,595 | +85.9% |
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 8 October 2026 via checked.be.