KINITRO: 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.
KINITRO
Largest movements
- Cash +€49,008
up €49,008 (+42.8%), from €114,435 to €163,444
mainly Net result for the year (+€50,726) and Receivables within one year (+€5,244)
- Reserves +€50,726
up €50,726 (+9.8%), from €518,450 to €569,175
- Gross operating margin -€25,170
down €25,170 (-26.5%), from €95,048 to €69,878
- Taxes -€7,553
down €7,553 (-28.3%), from €26,660 to €19,107
- Depreciation +€1,514
up €1,514 (+55.1%), from €2,749 to €4,263
- Financial charges -€1,307
down €1,307 (-67.3%), from €1,941 to €634
- Staff costs +€998
new in 2025: €998
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 | €573,297 | €624,773 | +€51,476 | +9.0% |
| Fixed assets | 21/28 | €4,405 | €10,076 | +€5,670 | +129% |
| Tangible fixed assets | 22/27 | €4,105 | €9,776 | +€5,670 | +138% |
| Land and buildings | 22 | €2,280 | €9,161 | +€6,881 | +302% |
| Plant, machinery and equipment | 23 | €80 | €0 | -€80 | -100% |
| Furniture and vehicles | 24 | €1,745 | €615 | -€1,130 | -64.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €568,892 | €614,697 | +€45,806 | +8.1% |
| Amounts receivable within one year | 40/41 | €77,971 | €72,727 | -€5,244 | -6.7% |
| Trade receivables | 40 | €41,250 | €30,464 | -€10,786 | -26.1% |
| Other amounts receivable | 41 | €36,721 | €42,263 | +€5,542 | +15.1% |
| Current investments | 50/53 | €376,451 | €378,527 | +€2,076 | +0.6% |
| Cash at bank and in hand | 54/58 | €114,435 | €163,444 | +€49,008 | +42.8% |
| Deferred charges and accrued income | 490/1 | €35 | €0 | -€35 | -100% |
| Total equity and liabilities | 10/49 | €573,297 | €624,773 | +€51,476 | +9.0% |
| Equity | 10/15 | €537,050 | €587,775 | +€50,726 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €518,450 | €569,175 | +€50,726 | +9.8% |
| Distributable reserves | 133 | €518,450 | €569,175 | +€50,726 | +9.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,247 | €36,998 | +€750 | +2.1% |
| Amounts payable within one year | 42/48 | €35,855 | €36,998 | +€1,142 | +3.2% |
| Trade debts | 44 | €4,079 | €4,427 | +€348 | +8.5% |
| Suppliers | 440/4 | €4,079 | €4,427 | +€348 | +8.5% |
| Taxes, remuneration and social security | 45 | €29,260 | €27,929 | -€1,331 | -4.5% |
| Taxes | 450/3 | €26,660 | €27,929 | +€1,269 | +4.8% |
| Remuneration and social security | 454/9 | €2,600 | €0 | -€2,600 | -100% |
| Other amounts payable | 47/48 | €2,516 | €4,641 | +€2,125 | +84.5% |
| Accrued charges and deferred income | 492/3 | €392 | €0 | -€392 | -100% |
| Remuneration, social security and pensions | 62 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,749 | €4,263 | +€1,514 | +55.1% |
| Other operating charges | 640/8 | €1,271 | €598 | -€673 | -52.9% |
| Gross operating margin | 9900 | €95,048 | €69,878 | -€25,170 | -26.5% |
| Operating profit (loss) | 9901 | €91,027 | €64,018 | -€27,009 | -29.7% |
| Financial income | 75/76B | €6,358 | €6,449 | +€91 | +1.4% |
| Recurring financial income | 75 | €4,470 | €6,449 | +€1,980 | +44.3% |
| Non-recurring financial income | 76B | €1,888 | €0 | -€1,888 | -100% |
| Financial charges | 65/66B | €1,941 | €634 | -€1,307 | -67.3% |
| Recurring financial charges | 65 | €1,941 | €634 | -€1,307 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €95,443 | €69,833 | -€25,610 | -26.8% |
| Income taxes | 67/77 | €26,660 | €19,107 | -€7,553 | -28.3% |
| Profit (loss) for the period | 9904 | €68,783 | €50,726 | -€18,058 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,783 | €50,726 | -€18,058 | -26.3% |
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 18 October 2026 via checked.be.