KINKS PROJECT: 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.
KINKS PROJECT
Largest movements
- Receivables within one year +€8,095
up €8,095 (+49.3%), from €16,409 to €24,505
of which Other amounts receivable: +€12,668
- Cash -€3,590
down €3,590 (-34.8%), from €10,311 to €6,722
mainly Receivables within one year (-€8,095) and Trade debts (-€6,844)
- Profit (loss) carried forward +€15,501
up €15,501 (+124.5%), from €12,453 to €27,954
- Trade debts -€6,844
down €6,844 (-83.1%), from €8,232 to €1,387
- Other debts -€5,452
no longer reported in 2025 (was €5,452)
- Tax, wage and social debts +€1,300
up €1,300 (+222.3%), from €585 to €1,885
- Gross operating margin +€6,318
up €6,318 (+65.6%), from €9,637 to €15,955
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 | €26,721 | €31,227 | +€4,506 | +16.9% |
| Current assets | 29/58 | €26,721 | €31,227 | +€4,506 | +16.9% |
| Amounts receivable within one year | 40/41 | €16,409 | €24,505 | +€8,095 | +49.3% |
| Trade receivables | 40 | €16,173 | €11,601 | -€4,572 | -28.3% |
| Other amounts receivable | 41 | €236 | €12,904 | +€12,668 | +5367.9% |
| Cash at bank and in hand | 54/58 | €10,311 | €6,722 | -€3,590 | -34.8% |
| Total equity and liabilities | 10/49 | €26,721 | €31,227 | +€4,506 | +16.9% |
| Equity | 10/15 | €12,453 | €27,954 | +€15,501 | +124.5% |
| Profit (loss) carried forward | 14 | €12,453 | €27,954 | +€15,501 | +124.5% |
| Amounts payable | 17/49 | €14,268 | €3,273 | -€10,996 | -77.1% |
| Amounts payable within one year | 42/48 | €14,268 | €3,273 | -€10,996 | -77.1% |
| Trade debts | 44 | €8,232 | €1,387 | -€6,844 | -83.1% |
| Suppliers | 440/4 | €8,232 | €1,387 | -€6,844 | -83.1% |
| Taxes, remuneration and social security | 45 | €585 | €1,885 | +€1,300 | +222.3% |
| Taxes | 450/3 | €585 | €1,885 | +€1,300 | +222.3% |
| Other amounts payable | 47/48 | €5,452 | - | -€5,452 | |
| Other operating charges | 640/8 | €387 | €451 | +€64 | +16.5% |
| Gross operating margin | 9900 | €9,637 | €15,955 | +€6,318 | +65.6% |
| Operating profit (loss) | 9901 | €9,250 | €15,503 | +€6,254 | +67.6% |
| Financial charges | 65/66B | €5 | €2 | -€3 | -60.0% |
| Recurring financial charges | 65 | €5 | €2 | -€3 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €9,245 | €15,501 | +€6,257 | +67.7% |
| Profit (loss) for the period | 9904 | €9,245 | €15,501 | +€6,257 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,245 | €15,501 | +€6,257 | +67.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.