KININVEST: 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.
What changed
KININVEST
NACE 77.399, Renting and leasing of other machinery, equipment and tangible goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€12,436
2024 · €1,972-€14,408
Equity
€3.0m
2024 · €3.0m-€12,436
Cash
€44,869
2024 · €30,701+€14,168
Balance sheet total
€6.0m
2024 · €6.0m-€23,491
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Write-downs +€66,000
up €66,000, from -€66,000 to €0
- Gross operating margin +€54,324
up €54,324 (+1,010%), from €5,381 to €59,704
- Depreciation +€3,288
up €3,288 (+6.3%), from €52,446 to €55,734
- Other operating charges -€601
down €601 (-4.1%), from €14,555 to €13,954
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.
Result 2024
€1,972
Gross operating margin
+€54,324
Depreciation
-€3,288
Write-downs
-€66,000
Other operating charges
+€601
Financial income
-€26
Financial charges
-€20
Result 2025
-€12,436
raises the resultlowers the result
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.
From operations
+€34,506
Investment
-€56,169
Financing
+€35,831
Cash 2024
€30,701
From operations (derived)
+€34,506
Net result for the year
-€12,436
Depreciation
+€55,734
Receivables within one year
+€38,565
Deferred charges and accrued income
-€472
Trade debts
-€1,650
Tax, wage and social debts
+€6,275
Other debts
-€51,511
Investment (derived)
-€56,169
Investment in fixed assets (net)
-€56,169
Financing
+€35,831
Debts after one year
+€26,786
Current portion of long-term debt
+€9,045
Cash 2025
€44,869
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,006,879 | €5,983,388 | -€23,491 | -0.4% |
| Fixed assets | 21/28 | €5,606,037 | €5,606,471 | +€435 | 0.0% |
| Tangible fixed assets | 22/27 | €5,605,487 | €5,605,921 | +€435 | 0.0% |
| Land and buildings | 22 | €641,499 | €634,351 | -€7,149 | -1.1% |
| Plant, machinery and equipment | 23 | €1,263 | €6,617 | +€5,355 | +424% |
| Furniture and vehicles | 24 | €34,311 | €71,898 | +€37,588 | +110% |
| Other tangible fixed assets | 26 | €4,928,414 | €4,893,055 | -€35,359 | -0.7% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €400,842 | €376,917 | -€23,925 | -6.0% |
| Stocks and contracts in progress | 3 | €69,864 | €69,864 | = | 0.0% |
| Stocks | 30/36 | €69,864 | €69,864 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €297,209 | €258,643 | -€38,565 | -13.0% |
| Trade receivables | 40 | €184,433 | €138,545 | -€45,888 | -24.9% |
| Other amounts receivable | 41 | €112,775 | €120,098 | +€7,323 | +6.5% |
| Cash at bank and in hand | 54/58 | €30,701 | €44,869 | +€14,168 | +46.1% |
| Deferred charges and accrued income | 490/1 | €3,068 | €3,540 | +€472 | +15.4% |
| Total equity and liabilities | 10/49 | €6,006,879 | €5,983,388 | -€23,491 | -0.4% |
| Equity | 10/15 | €3,030,806 | €3,018,370 | -€12,436 | -0.4% |
| Contributions | 10/11 | €4,349,000 | €4,349,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,318,194 | -€1,330,630 | -€12,436 | -0.9% |
| Amounts payable | 17/49 | €2,976,073 | €2,965,018 | -€11,055 | -0.4% |
| Amounts payable after more than one year | 17 | €26,884 | €53,670 | +€26,786 | +99.6% |
| Financial debts | 170/4 | €26,884 | €53,670 | +€26,786 | +99.6% |
| Amounts payable within one year | 42/48 | €2,949,189 | €2,911,349 | -€37,840 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €8,031 | €17,076 | +€9,045 | +113% |
| Trade debts | 44 | €60,990 | €59,340 | -€1,650 | -2.7% |
| Suppliers | 440/4 | €60,990 | €59,340 | -€1,650 | -2.7% |
| Taxes, remuneration and social security | 45 | €20,973 | €27,249 | +€6,275 | +29.9% |
| Taxes | 450/3 | €2,375 | €469 | -€1,907 | -80.3% |
| Remuneration and social security | 454/9 | €18,598 | €26,780 | +€8,182 | +44.0% |
| Other amounts payable | 47/48 | €2,859,194 | €2,807,684 | -€51,511 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,446 | €55,734 | +€3,288 | +6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€66,000 | €0 | +€66,000 | |
| Other operating charges | 640/8 | €14,555 | €13,954 | -€601 | -4.1% |
| Gross operating margin | 9900 | €5,381 | €59,704 | +€54,324 | +1,010% |
| Operating profit (loss) | 9901 | €4,379 | -€9,984 | -€14,363 | |
| Financial income | 75/76B | €26 | €0 | -€26 | -99.9% |
| Recurring financial income | 75 | €26 | €0 | -€26 | -99.9% |
| Financial charges | 65/66B | €2,433 | €2,452 | +€20 | +0.8% |
| Recurring financial charges | 65 | €2,433 | €2,452 | +€20 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €1,972 | -€12,436 | -€14,408 | |
| Profit (loss) for the period | 9904 | €1,972 | -€12,436 | -€14,408 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,972 | -€12,436 | -€14,408 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.