KININFI: 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.
KININFI
Largest movements
- Receivables within one year +€77,445
up €77,445 (+42.4%), from €182,595 to €260,040
of which Other amounts receivable: +€66,758
- Tangible fixed assets -€67,444
down €67,444 (-7.5%), from €901,253 to €833,809
of which Plant, machinery and equipment: -€60,024
- Cash -€13,155
down €13,155 (-20.5%), from €64,037 to €50,882
mainly Contributions, distributions and other (-€155,000) and Receivables within one year (-€77,445)
- Other debts +€155,000
new in 2025: €155,000
- Reserves -€94,500
down €94,500 (-46.6%), from €202,710 to €108,210
- Debts after one year -€69,977
down €69,977 (-12.4%), from €566,611 to €496,634
- Staff costs -€21,934
down €21,934 (-52.5%), from €41,744 to €19,810
- Taxes +€13,061
up €13,061 (+137%), from €9,501 to €22,561
- Gross operating margin +€13,056
up €13,056 (+7.7%), from €170,239 to €183,296
- Depreciation -€9,712
down €9,712 (-11.4%), from €85,028 to €75,316
- Financial income +€2,234
up €2,234 (+39.9%), from €5,603 to €7,837
of which Financial income: +€2,234
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 | €1,148,244 | €1,145,093 | -€3,151 | -0.3% |
| Fixed assets | 21/28 | €901,412 | €833,968 | -€67,444 | -7.5% |
| Tangible fixed assets | 22/27 | €901,253 | €833,809 | -€67,444 | -7.5% |
| Land and buildings | 22 | €170,000 | €160,000 | -€10,000 | -5.9% |
| Plant, machinery and equipment | 23 | €722,314 | €662,290 | -€60,024 | -8.3% |
| Furniture and vehicles | 24 | €8,939 | €11,519 | +€2,580 | +28.9% |
| Financial fixed assets | 28 | €159 | €159 | = | 0.0% |
| Current assets | 29/58 | €246,832 | €311,125 | +€64,293 | +26.0% |
| Amounts receivable within one year | 40/41 | €182,595 | €260,040 | +€77,445 | +42.4% |
| Trade receivables | 40 | €17,974 | €28,660 | +€10,686 | +59.5% |
| Other amounts receivable | 41 | €164,622 | €231,380 | +€66,758 | +40.6% |
| Cash at bank and in hand | 54/58 | €64,037 | €50,882 | -€13,155 | -20.5% |
| Deferred charges and accrued income | 490/1 | €200 | €204 | +€4 | +2.0% |
| Total equity and liabilities | 10/49 | €1,148,244 | €1,145,093 | -€3,151 | -0.3% |
| Equity | 10/15 | €480,598 | €386,145 | -€94,453 | -19.7% |
| Contributions | 10/11 | €268,550 | €268,550 | = | 0.0% |
| Reserves | 13 | €202,710 | €108,210 | -€94,500 | -46.6% |
| Distributable reserves | 133 | €202,710 | €108,210 | -€94,500 | -46.6% |
| Profit (loss) carried forward | 14 | €9,338 | €9,385 | +€47 | +0.5% |
| Amounts payable | 17/49 | €667,646 | €758,948 | +€91,302 | +13.7% |
| Amounts payable after more than one year | 17 | €566,611 | €496,634 | -€69,977 | -12.4% |
| Financial debts | 170/4 | €566,611 | €496,634 | -€69,977 | -12.4% |
| Amounts payable within one year | 42/48 | €78,087 | €240,231 | +€162,144 | +208% |
| Current portion of amounts payable after more than one year | 42 | €68,852 | €69,977 | +€1,125 | +1.6% |
| Trade debts | 44 | €2,236 | €543 | -€1,694 | -75.7% |
| Suppliers | 440/4 | €2,236 | €543 | -€1,694 | -75.7% |
| Taxes, remuneration and social security | 45 | €6,999 | €14,711 | +€7,712 | +110% |
| Taxes | 450/3 | €6,150 | €14,711 | +€8,561 | +139% |
| Remuneration and social security | 454/9 | €849 | €0 | -€849 | -100% |
| Other amounts payable | 47/48 | - | €155,000 | +€155,000 | |
| Accrued charges and deferred income | 492/3 | €22,948 | €22,084 | -€864 | -3.8% |
| Remuneration, social security and pensions | 62 | €41,744 | €19,810 | -€21,934 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,028 | €75,316 | -€9,712 | -11.4% |
| Other operating charges | 640/8 | €2,705 | €2,768 | +€63 | +2.3% |
| Gross operating margin | 9900 | €170,239 | €183,296 | +€13,056 | +7.7% |
| Operating profit (loss) | 9901 | €40,762 | €85,402 | +€44,639 | +110% |
| Financial income | 75/76B | €5,603 | €7,837 | +€2,234 | +39.9% |
| Recurring financial income | 75 | €5,603 | €7,837 | +€2,234 | +39.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €11,238 | €10,130 | -€1,108 | -9.9% |
| Recurring financial charges | 65 | €11,238 | €10,130 | -€1,108 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €35,127 | €83,108 | +€47,982 | +137% |
| Income taxes | 67/77 | €9,501 | €22,561 | +€13,061 | +137% |
| Profit (loss) for the period | 9904 | €25,626 | €60,547 | +€34,921 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €25,626 | €60,547 | +€34,921 | +136% |
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 20 October 2026 via checked.be.