Kinna: 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.
Kinna
Largest movements
- Cash +€160,427
up €160,427 (+70.1%), from €228,851 to €389,279
mainly Net result for the year (+€133,713) and Depreciation (+€116,001)
- Tangible fixed assets -€108,854
down €108,854 (-5.4%), from €2.0m to €1.9m
- Reserves +€99,452
up €99,452 (+5.5%), from €1.8m to €1.9m
- Debts after one year -€83,557
down €83,557 (-9.3%), from €897,394 to €813,837
- Financial charges -€13,609
down €13,609 (-15.2%), from €89,765 to €76,156
- Taxes +€10,364
up €10,364 (+19.8%), from €52,395 to €62,760
- Gross operating margin +€10,203
up €10,203 (+2.6%), from €391,801 to €402,004
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 | €4,358,323 | €4,374,311 | +€15,988 | +0.4% |
| Fixed assets | 21/28 | €4,054,439 | €3,945,585 | -€108,854 | -2.7% |
| Tangible fixed assets | 22/27 | €2,008,035 | €1,899,181 | -€108,854 | -5.4% |
| Land and buildings | 22 | €2,008,035 | €1,899,181 | -€108,854 | -5.4% |
| Financial fixed assets | 28 | €2,046,404 | €2,046,404 | = | 0.0% |
| Current assets | 29/58 | €303,883 | €428,726 | +€124,842 | +41.1% |
| Amounts receivable within one year | 40/41 | €74,691 | €39,261 | -€35,430 | -47.4% |
| Trade receivables | 40 | €74,686 | €38,977 | -€35,709 | -47.8% |
| Other amounts receivable | 41 | €5 | €284 | +€279 | +5474.3% |
| Cash at bank and in hand | 54/58 | €228,851 | €389,279 | +€160,427 | +70.1% |
| Deferred charges and accrued income | 490/1 | €341 | €187 | -€155 | -45.4% |
| Total equity and liabilities | 10/49 | €4,358,323 | €4,374,311 | +€15,988 | +0.4% |
| Equity | 10/15 | €2,722,839 | €2,822,291 | +€99,452 | +3.7% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €1,822,839 | €1,922,291 | +€99,452 | +5.5% |
| Distributable reserves | 133 | €1,822,839 | €1,922,291 | +€99,452 | +5.5% |
| Amounts payable | 17/49 | €1,635,484 | €1,552,020 | -€83,464 | -5.1% |
| Amounts payable after more than one year | 17 | €897,394 | €813,837 | -€83,557 | -9.3% |
| Financial debts | 170/4 | €897,394 | €813,837 | -€83,557 | -9.3% |
| Amounts payable within one year | 42/48 | €716,594 | €715,860 | -€733 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €82,038 | €83,557 | +€1,519 | +1.9% |
| Trade debts | 44 | €3,950 | €4,695 | +€746 | +18.9% |
| Suppliers | 440/4 | €3,950 | €4,695 | +€746 | +18.9% |
| Taxes, remuneration and social security | 45 | €14,666 | €14,094 | -€572 | -3.9% |
| Taxes | 450/3 | €14,666 | €8,260 | -€6,406 | -43.7% |
| Remuneration and social security | 454/9 | - | €5,834 | +€5,834 | |
| Other amounts payable | 47/48 | €615,940 | €613,515 | -€2,426 | -0.4% |
| Accrued charges and deferred income | 492/3 | €21,497 | €22,322 | +€826 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,527 | €116,001 | +€1,474 | +1.3% |
| Other operating charges | 640/8 | €11,978 | €13,373 | +€1,395 | +11.6% |
| Gross operating margin | 9900 | €391,801 | €402,004 | +€10,203 | +2.6% |
| Operating profit (loss) | 9901 | €265,295 | €272,629 | +€7,334 | +2.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -25.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -25.0% |
| Financial charges | 65/66B | €89,765 | €76,156 | -€13,609 | -15.2% |
| Recurring financial charges | 65 | €89,765 | €76,156 | -€13,609 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €175,530 | €196,473 | +€20,943 | +11.9% |
| Income taxes | 67/77 | €52,395 | €62,760 | +€10,364 | +19.8% |
| Profit (loss) for the period | 9904 | €123,135 | €133,713 | +€10,579 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €123,135 | €133,713 | +€10,579 | +8.6% |
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 10 October 2026 via checked.be.