Kinisi: 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.
Kinisi
Largest movements
- Receivables within one year +€11,072
up €11,072 (+45.5%), from €24,343 to €35,415
of which Trade receivables: +€20,468
- Deferred charges and accrued income +€700
new in 2025: €700
- Tangible fixed assets +€670
up €670 (+37.2%), from €1,801 to €2,471
of which Furniture and vehicles: +€1,078
- Reserves +€5,299
up €5,299 (+44.5%), from €11,920 to €17,219
- Trade debts +€4,263
up €4,263 (+73.3%), from €5,818 to €10,081
- Tax, wage and social debts +€3,282
up €3,282 (+44.2%), from €7,431 to €10,713
of which Taxes: +€2,282
- Gross operating margin -€7,374
down €7,374 (-41.6%), from €17,743 to €10,369
- Taxes -€2,788
down €2,788 (-53.2%), from €5,239 to €2,451
- Financial charges +€620
up €620 (+98.4%), from €630 to €1,249
- Financial income +€429
up €429 (+63.8%), from €672 to €1,101
- Depreciation +€326
up €326 (+136.7%), from €239 to €565
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 | €27,668 | €40,512 | +€12,844 | +46.4% |
| Fixed assets | 21/28 | €1,801 | €2,471 | +€670 | +37.2% |
| Tangible fixed assets | 22/27 | €1,801 | €2,471 | +€670 | +37.2% |
| Plant, machinery and equipment | 23 | €1,801 | €1,393 | -€408 | -22.6% |
| Furniture and vehicles | 24 | - | €1,078 | +€1,078 | |
| Current assets | 29/58 | €25,867 | €38,041 | +€12,174 | +47.1% |
| Amounts receivable within one year | 40/41 | €24,343 | €35,415 | +€11,072 | +45.5% |
| Trade receivables | 40 | €2,161 | €22,629 | +€20,468 | +947.1% |
| Other amounts receivable | 41 | €22,182 | €12,786 | -€9,396 | -42.4% |
| Cash at bank and in hand | 54/58 | €1,524 | €1,926 | +€402 | +26.4% |
| Deferred charges and accrued income | 490/1 | - | €700 | +€700 | |
| Total equity and liabilities | 10/49 | €27,668 | €40,512 | +€12,844 | +46.4% |
| Equity | 10/15 | €14,420 | €19,719 | +€5,299 | +36.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €11,920 | €17,219 | +€5,299 | +44.5% |
| Distributable reserves | 133 | €11,920 | €17,219 | +€5,299 | +44.5% |
| Amounts payable | 17/49 | €13,249 | €20,794 | +€7,545 | +56.9% |
| Amounts payable within one year | 42/48 | €13,249 | €20,794 | +€7,545 | +56.9% |
| Trade debts | 44 | €5,818 | €10,081 | +€4,263 | +73.3% |
| Suppliers | 440/4 | €5,818 | €10,081 | +€4,263 | +73.3% |
| Taxes, remuneration and social security | 45 | €7,431 | €10,713 | +€3,282 | +44.2% |
| Taxes | 450/3 | €7,431 | €9,713 | +€2,282 | +30.7% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239 | €565 | +€326 | +136.7% |
| Other operating charges | 640/8 | €387 | €629 | +€241 | +62.3% |
| Non-recurring operating charges | 66A | - | €1,277 | +€1,277 | |
| Gross operating margin | 9900 | €17,743 | €10,369 | -€7,374 | -41.6% |
| Operating profit (loss) | 9901 | €17,117 | €7,898 | -€9,219 | -53.9% |
| Financial income | 75/76B | €672 | €1,101 | +€429 | +63.8% |
| Recurring financial income | 75 | €672 | €1,101 | +€429 | +63.8% |
| Financial charges | 65/66B | €630 | €1,249 | +€620 | +98.4% |
| Recurring financial charges | 65 | €630 | €1,249 | +€620 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €17,159 | €7,750 | -€9,409 | -54.8% |
| Income taxes | 67/77 | €5,239 | €2,451 | -€2,788 | -53.2% |
| Profit (loss) for the period | 9904 | €11,920 | €5,299 | -€6,621 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,920 | €5,299 | -€6,621 | -55.5% |
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 9 October 2026 via checked.be.