KINGYN: 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.
KINGYN
Largest movements
- Cash -€980,588
down €980,588 (-68.0%), from €1.4m to €462,109
mainly Current investments (-€861,722) and Investment in fixed assets (net) (-€413,596)
- Current investments +€861,722
up €861,722 (+71.2%), from €1.2m to €2.1m
- Tangible fixed assets +€339,985
up €339,985 (+46.3%), from €733,921 to €1.1m
of which Land and buildings: +€346,753
- Reserves +€446,137
up €446,137 (+18.4%), from €2.4m to €2.9m
of which Distributable reserves: +€511,897
- Profit (loss) carried forward -€171,920
down €171,920 (-100.0%), from €171,920 to €0
- Other debts +€42,534
up €42,534 (+5.2%), from €822,657 to €865,192
- Gross operating margin +€47,620
up €47,620 (+9.8%), from €486,513 to €534,133
- Financial charges +€18,450
up €18,450 (+35.0%), from €52,737 to €71,187
- Taxes +€13,229
up €13,229 (+12.2%), from €108,675 to €121,904
- Financial income +€12,730
up €12,730 (+9209.7%), from €138 to €12,868
- Depreciation +€9,229
up €9,229 (+14.3%), from €64,382 to €73,611
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 | €3,851,316 | €4,093,721 | +€242,405 | +6.3% |
| Fixed assets | 21/28 | €733,921 | €1,073,906 | +€339,985 | +46.3% |
| Tangible fixed assets | 22/27 | €733,921 | €1,073,906 | +€339,985 | +46.3% |
| Land and buildings | 22 | €718,838 | €1,065,591 | +€346,753 | +48.2% |
| Furniture and vehicles | 24 | €15,083 | €8,316 | -€6,768 | -44.9% |
| Current assets | 29/58 | €3,117,395 | €3,019,814 | -€97,580 | -3.1% |
| Amounts receivable within one year | 40/41 | €408,842 | €443,784 | +€34,942 | +8.5% |
| Trade receivables | 40 | €390,233 | €443,784 | +€53,551 | +13.7% |
| Other amounts receivable | 41 | €18,609 | €0 | -€18,609 | -100.0% |
| Current investments | 50/53 | €1,209,938 | €2,071,660 | +€861,722 | +71.2% |
| Cash at bank and in hand | 54/58 | €1,442,697 | €462,109 | -€980,588 | -68.0% |
| Deferred charges and accrued income | 490/1 | €55,918 | €42,261 | -€13,657 | -24.4% |
| Total equity and liabilities | 10/49 | €3,851,316 | €4,093,721 | +€242,405 | +6.3% |
| Equity | 10/15 | €2,613,120 | €2,887,337 | +€274,217 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,422,600 | €2,868,737 | +€446,137 | +18.4% |
| Non-distributable reserves | 130/1 | €65,760 | €0 | -€65,760 | -100.0% |
| Reserves not available under the articles | 1311 | €65,760 | €0 | -€65,760 | -100.0% |
| Tax-exempt reserves | 132 | €37,000 | €37,000 | = | 0.0% |
| Distributable reserves | 133 | €2,319,840 | €2,831,737 | +€511,897 | +22.1% |
| Profit (loss) carried forward | 14 | €171,920 | €0 | -€171,920 | -100.0% |
| Amounts payable | 17/49 | €1,238,196 | €1,206,384 | -€31,812 | -2.6% |
| Amounts payable after more than one year | 17 | €294,650 | €257,124 | -€37,526 | -12.7% |
| Financial debts | 170/4 | €294,650 | €257,124 | -€37,526 | -12.7% |
| Amounts payable within one year | 42/48 | €943,546 | €949,259 | +€5,713 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €36,968 | €37,526 | +€557 | +1.5% |
| Trade debts | 44 | €10,325 | €9,322 | -€1,003 | -9.7% |
| Suppliers | 440/4 | €10,325 | €9,322 | -€1,003 | -9.7% |
| Taxes, remuneration and social security | 45 | €73,596 | €37,220 | -€36,376 | -49.4% |
| Taxes | 450/3 | €73,596 | €37,220 | -€36,376 | -49.4% |
| Other amounts payable | 47/48 | €822,657 | €865,192 | +€42,534 | +5.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,382 | €73,611 | +€9,229 | +14.3% |
| Other operating charges | 640/8 | €5,409 | €6,082 | +€673 | +12.4% |
| Gross operating margin | 9900 | €486,513 | €534,133 | +€47,620 | +9.8% |
| Operating profit (loss) | 9901 | €416,722 | €454,440 | +€37,719 | +9.1% |
| Financial income | 75/76B | €138 | €12,868 | +€12,730 | +9209.7% |
| Recurring financial income | 75 | €138 | €12,868 | +€12,730 | +9209.7% |
| Financial charges | 65/66B | €52,737 | €71,187 | +€18,450 | +35.0% |
| Recurring financial charges | 65 | €52,737 | €71,187 | +€18,450 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €364,123 | €396,121 | +€31,998 | +8.8% |
| Income taxes | 67/77 | €108,675 | €121,904 | +€13,229 | +12.2% |
| Profit (loss) for the period | 9904 | €255,448 | €274,217 | +€18,769 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €255,448 | €274,217 | +€18,769 | +7.3% |
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 2 October 2026 via checked.be.