KINFI: 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.
KINFI
Largest movements
- Cash -€15,307
down €15,307 (-69.8%), from €21,933 to €6,625
mainly Debts after one year (-€18,487) and Receivables after one year (-€5,300)
- Tangible fixed assets -€8,542
down €8,542 (-17.3%), from €49,370 to €40,829
of which Furniture and vehicles: -€6,909
- Receivables after one year +€5,300
new in 2025: €5,300
- Receivables within one year -€2,296
down €2,296 (-53.0%), from €4,334 to €2,038
of which Trade receivables: -€1,400
- Debts after one year -€18,487
down €18,487 (-67.0%), from €27,600 to €9,113
of which Other amounts payable: -€12,717
- Profit (loss) carried forward -€2,153
down €2,153, from €279 to -€1,874
- Gross operating margin -€3,786
down €3,786 (-21.2%), from €17,824 to €14,038
- Depreciation +€214
up €214 (+1.8%), from €11,919 to €12,133
- Financial charges -€202
down €202 (-20.1%), from €1,007 to €805
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 | €76,123 | €55,301 | -€20,822 | -27.4% |
| Fixed assets | 21/28 | €49,370 | €40,829 | -€8,542 | -17.3% |
| Tangible fixed assets | 22/27 | €49,370 | €40,829 | -€8,542 | -17.3% |
| Land and buildings | 22 | €25,282 | €23,945 | -€1,337 | -5.3% |
| Plant, machinery and equipment | 23 | €779 | €483 | -€296 | -38.0% |
| Furniture and vehicles | 24 | €23,309 | €16,400 | -€6,909 | -29.6% |
| Current assets | 29/58 | €26,753 | €14,473 | -€12,280 | -45.9% |
| Amounts receivable after more than one year | 29 | - | €5,300 | +€5,300 | |
| Other amounts receivable | 291 | - | €5,300 | +€5,300 | |
| Amounts receivable within one year | 40/41 | €4,334 | €2,038 | -€2,296 | -53.0% |
| Trade receivables | 40 | €1,400 | - | -€1,400 | |
| Other amounts receivable | 41 | €2,934 | €2,038 | -€896 | -30.5% |
| Cash at bank and in hand | 54/58 | €21,933 | €6,625 | -€15,307 | -69.8% |
| Deferred charges and accrued income | 490/1 | €486 | €509 | +€23 | +4.8% |
| Total equity and liabilities | 10/49 | €76,123 | €55,301 | -€20,822 | -27.4% |
| Equity | 10/15 | €41,700 | €39,547 | -€2,153 | -5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €35,222 | €35,222 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,710 | €2,710 | = | 0.0% |
| Legal reserve | 130 | €2,710 | €2,710 | = | 0.0% |
| Distributable reserves | 133 | €32,512 | €32,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | €279 | -€1,874 | -€2,153 | |
| Amounts payable | 17/49 | €34,423 | €15,754 | -€18,669 | -54.2% |
| Amounts payable after more than one year | 17 | €27,600 | €9,113 | -€18,487 | -67.0% |
| Financial debts | 170/4 | €14,883 | €9,113 | -€5,770 | -38.8% |
| Other amounts payable | 178/9 | €12,717 | - | -€12,717 | |
| Amounts payable within one year | 42/48 | €6,823 | €6,641 | -€181 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €5,538 | €5,770 | +€233 | +4.2% |
| Trade debts | 44 | €571 | €509 | -€61 | -10.8% |
| Suppliers | 440/4 | €571 | €509 | -€61 | -10.8% |
| Other amounts payable | 47/48 | €714 | €362 | -€352 | -49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,919 | €12,133 | +€214 | +1.8% |
| Other operating charges | 640/8 | €2,221 | €2,292 | +€70 | +3.2% |
| Gross operating margin | 9900 | €17,824 | €14,038 | -€3,786 | -21.2% |
| Operating profit (loss) | 9901 | €3,684 | -€386 | -€4,071 | |
| Financial charges | 65/66B | €1,007 | €805 | -€202 | -20.1% |
| Recurring financial charges | 65 | €1,007 | €805 | -€202 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €2,677 | -€1,191 | -€3,868 | |
| Income taxes | 67/77 | €1,066 | €962 | -€104 | -9.8% |
| Profit (loss) for the period | 9904 | €1,611 | -€2,153 | -€3,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,611 | -€2,153 | -€3,764 |
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 5 October 2026 via checked.be.