KINK: 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.
KINK
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Receivables within one year -€25,623
down €25,623 (-60.4%), from €42,410 to €16,787
- Cash -€21,156
down €21,156 (-37.9%), from €55,788 to €34,631
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€15,041)
- Tangible fixed assets +€10,830
up €10,830 (+213.0%), from €5,085 to €15,915
of which Furniture and vehicles: +€11,845
- Reserves +€47,500
up €47,500 (+149.1%), from €31,860 to €79,360
- Trade debts +€11,388
up €11,388 (+268.6%), from €4,239 to €15,627
- Advances received -€10,581
down €10,581 (-38.7%), from €27,368 to €16,787
- Tax, wage and social debts +€8,050
up €8,050 (+93.6%), from €8,600 to €16,650
- Other debts +€3,657
up €3,657 (+137.1%), from €2,667 to €6,324
- Gross operating margin +€30,632
up €30,632 (+58.7%), from €52,213 to €82,845
- Taxes +€8,756
up €8,756 (+53.2%), from €16,472 to €25,228
- Depreciation +€2,876
up €2,876 (+215.4%), from €1,335 to €4,211
- Financial charges +€2,404
up €2,404 (+189.9%), from €1,266 to €3,669
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 | €188,286 | €252,337 | +€64,051 | +34.0% |
| Fixed assets | 21/28 | €90,088 | €100,918 | +€10,830 | +12.0% |
| Tangible fixed assets | 22/27 | €5,085 | €15,915 | +€10,830 | +213.0% |
| Plant, machinery and equipment | 23 | €2,380 | €1,594 | -€786 | -33.0% |
| Furniture and vehicles | 24 | €955 | €12,800 | +€11,845 | +1240.7% |
| Other tangible fixed assets | 26 | €1,750 | €1,521 | -€229 | -13.1% |
| Financial fixed assets | 28 | €85,003 | €85,003 | = | 0.0% |
| Current assets | 29/58 | €98,198 | €151,419 | +€53,221 | +54.2% |
| Amounts receivable within one year | 40/41 | €42,410 | €16,787 | -€25,623 | -60.4% |
| Trade receivables | 40 | €42,410 | €16,787 | -€25,623 | -60.4% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €55,788 | €34,631 | -€21,156 | -37.9% |
| Total equity and liabilities | 10/49 | €188,286 | €252,337 | +€64,051 | +34.0% |
| Equity | 10/15 | €102,751 | €151,388 | +€48,637 | +47.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €31,860 | €79,360 | +€47,500 | +149.1% |
| Distributable reserves | 133 | €31,860 | €79,360 | +€47,500 | +149.1% |
| Profit (loss) carried forward | 14 | €58,391 | €59,528 | +€1,137 | +1.9% |
| Amounts payable | 17/49 | €85,535 | €100,949 | +€15,414 | +18.0% |
| Amounts payable after more than one year | 17 | €42,000 | €42,000 | = | 0.0% |
| Financial debts | 170/4 | €42,000 | €42,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,874 | €55,388 | +€12,513 | +29.2% |
| Trade debts | 44 | €4,239 | €15,627 | +€11,388 | +268.6% |
| Suppliers | 440/4 | €4,239 | €15,627 | +€11,388 | +268.6% |
| Advances received on contracts in progress | 46 | €27,368 | €16,787 | -€10,581 | -38.7% |
| Taxes, remuneration and social security | 45 | €8,600 | €16,650 | +€8,050 | +93.6% |
| Taxes | 450/3 | €8,600 | €16,650 | +€8,050 | +93.6% |
| Other amounts payable | 47/48 | €2,667 | €6,324 | +€3,657 | +137.1% |
| Accrued charges and deferred income | 492/3 | €660 | €3,561 | +€2,901 | +439.3% |
| Non-recurring operating income | 76A | - | €43,279 | +€43,279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,335 | €4,211 | +€2,876 | +215.4% |
| Other operating charges | 640/8 | €1,439 | €1,415 | -€24 | -1.6% |
| Gross operating margin | 9900 | €52,213 | €82,845 | +€30,632 | +58.7% |
| Operating profit (loss) | 9901 | €49,439 | €77,218 | +€27,779 | +56.2% |
| Financial income | 75/76B | €0 | €316 | +€316 | +3157800.0% |
| Recurring financial income | 75 | €0 | €316 | +€316 | +3157800.0% |
| Financial charges | 65/66B | €1,266 | €3,669 | +€2,404 | +189.9% |
| Recurring financial charges | 65 | €1,266 | €3,669 | +€2,404 | +189.9% |
| Profit (loss) for the period before taxes | 9903 | €48,173 | €73,864 | +€25,691 | +53.3% |
| Income taxes | 67/77 | €16,472 | €25,228 | +€8,756 | +53.2% |
| Profit (loss) for the period | 9904 | €31,701 | €48,637 | +€16,936 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,701 | €48,637 | +€16,936 | +53.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.