KINICO: 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.
KINICO
Largest movements
- Receivables within one year +€13,662
up €13,662 (+380.7%), from €3,589 to €17,251
- Deferred charges and accrued income +€10,973
up €10,973 (+12733.9%), from €86 to €11,059
- Tangible fixed assets -€2,651
down €2,651 (-1.2%), from €225,688 to €223,037
of which Plant, machinery and equipment: -€3,041
- Profit (loss) carried forward +€21,761
up €21,761 (+191.4%), from €11,367 to €33,128
- Debts after one year -€8,728
down €8,728 (-4.2%), from €206,458 to €197,730
- Tax, wage and social debts +€4,803
up €4,803 (+174.1%), from €2,758 to €7,562
- Other operating charges -€19,290
down €19,290 (-82.8%), from €23,286 to €3,995
- Gross operating margin +€13,905
up €13,905 (+38.4%), from €36,210 to €50,115
- Depreciation +€6,368
up €6,368 (+187.2%), from €3,402 to €9,769
- Taxes +€5,869
up €5,869 (+693.5%), from €846 to €6,715
- Financial charges +€3,492
up €3,492 (+70.4%), from €4,963 to €8,455
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 | €235,512 | €255,677 | +€20,165 | +8.6% |
| Fixed assets | 21/28 | €225,688 | €223,037 | -€2,651 | -1.2% |
| Tangible fixed assets | 22/27 | €225,688 | €223,037 | -€2,651 | -1.2% |
| Land and buildings | 22 | €206,171 | €206,561 | +€390 | +0.2% |
| Plant, machinery and equipment | 23 | €19,518 | €16,476 | -€3,041 | -15.6% |
| Current assets | 29/58 | €9,824 | €32,640 | +€22,816 | +232.2% |
| Amounts receivable within one year | 40/41 | €3,589 | €17,251 | +€13,662 | +380.7% |
| Other amounts receivable | 41 | €3,589 | €17,251 | +€13,662 | +380.7% |
| Cash at bank and in hand | 54/58 | €6,149 | €4,329 | -€1,819 | -29.6% |
| Deferred charges and accrued income | 490/1 | €86 | €11,059 | +€10,973 | +12733.9% |
| Total equity and liabilities | 10/49 | €235,512 | €255,677 | +€20,165 | +8.6% |
| Equity | 10/15 | €11,368 | €33,129 | +€21,761 | +191.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,367 | €33,128 | +€21,761 | +191.4% |
| Amounts payable | 17/49 | €224,144 | €222,548 | -€1,596 | -0.7% |
| Amounts payable after more than one year | 17 | €206,458 | €197,730 | -€8,728 | -4.2% |
| Financial debts | 170/4 | €206,458 | €197,730 | -€8,728 | -4.2% |
| Amounts payable within one year | 42/48 | €12,723 | €19,786 | +€7,064 | +55.5% |
| Current portion of amounts payable after more than one year | 42 | €8,409 | €8,728 | +€318 | +3.8% |
| Trade debts | 44 | €1,555 | €3,397 | +€1,842 | +118.5% |
| Suppliers | 440/4 | €1,555 | €3,397 | +€1,842 | +118.5% |
| Advances received on contracts in progress | 46 | - | €100 | +€100 | |
| Taxes, remuneration and social security | 45 | €2,758 | €7,562 | +€4,803 | +174.1% |
| Taxes | 450/3 | €2,758 | €7,562 | +€4,803 | +174.1% |
| Accrued charges and deferred income | 492/3 | €4,963 | €5,031 | +€67 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,402 | €9,769 | +€6,368 | +187.2% |
| Other operating charges | 640/8 | €23,286 | €3,995 | -€19,290 | -82.8% |
| Gross operating margin | 9900 | €36,210 | €50,115 | +€13,905 | +38.4% |
| Operating profit (loss) | 9901 | €9,522 | €36,350 | +€26,828 | +281.7% |
| Financial income | 75/76B | €6 | €580 | +€575 | +9804.6% |
| Recurring financial income | 75 | €6 | €580 | +€575 | +9804.6% |
| Financial charges | 65/66B | €4,963 | €8,455 | +€3,492 | +70.4% |
| Recurring financial charges | 65 | €4,963 | €8,455 | +€3,492 | +70.4% |
| Profit (loss) for the period before taxes | 9903 | €4,565 | €28,476 | +€23,911 | +523.8% |
| Income taxes | 67/77 | €846 | €6,715 | +€5,869 | +693.5% |
| Profit (loss) for the period | 9904 | €3,719 | €21,761 | +€18,042 | +485.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,719 | €21,761 | +€18,042 | +485.1% |
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 2 October 2026 via checked.be.