KINNAERT MD: 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.
KINNAERT MD
Largest movements
- Receivables after one year +€38,231
up €38,231 (+153%), from €25,030 to €63,261
- Deferred charges and accrued income -€9,069
down €9,069 (-95.1%), from €9,534 to €465
- Tangible fixed assets -€6,999
down €6,999 (-56.5%), from €12,389 to €5,390
- Cash +€3,251
up €3,251 (+4,438%), from €73 to €3,325
mainly Net result for the year (+€26,596) and Deferred charges and accrued income (+€9,069)
- Receivables within one year +€1,092
up €1,092, from €0 to €1,092
of which Other amounts receivable: +€1,092
- Profit (loss) carried forward +€26,596
up €26,596 (+131%), from €20,347 to €46,944
- Debts after one year -€4,221
down €4,221 (-34.0%), from €12,408 to €8,187
- Short-term financial debts +€3,790
new in 2024: €3,790
- Tax, wage and social debts +€878
up €878 (+11.6%), from €7,591 to €8,469
- Gross operating margin +€30,215
up €30,215 (+228%), from €13,269 to €43,483
- Taxes +€6,450
up €6,450 (+262%), from €2,458 to €8,908
- Financial income +€2,326
up €2,326 (+666%), from €349 to €2,675
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,026 | €73,533 | +€26,507 | +56.4% |
| Fixed assets | 21/28 | €12,389 | €5,390 | -€6,999 | -56.5% |
| Tangible fixed assets | 22/27 | €12,389 | €5,390 | -€6,999 | -56.5% |
| Furniture and vehicles | 24 | €12,389 | €5,390 | -€6,999 | -56.5% |
| Current assets | 29/58 | €34,637 | €68,143 | +€33,506 | +96.7% |
| Amounts receivable after more than one year | 29 | €25,030 | €63,261 | +€38,231 | +153% |
| Other amounts receivable | 291 | €25,030 | €63,261 | +€38,231 | +153% |
| Amounts receivable within one year | 40/41 | €0 | €1,092 | +€1,092 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €1,092 | +€1,092 | |
| Cash at bank and in hand | 54/58 | €73 | €3,325 | +€3,251 | +4,438% |
| Deferred charges and accrued income | 490/1 | €9,534 | €465 | -€9,069 | -95.1% |
| Total equity and liabilities | 10/49 | €47,026 | €73,533 | +€26,507 | +56.4% |
| Equity | 10/15 | €21,347 | €47,944 | +€26,596 | +125% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,347 | €46,944 | +€26,596 | +131% |
| Amounts payable | 17/49 | €25,679 | €25,590 | -€89 | -0.3% |
| Amounts payable after more than one year | 17 | €12,408 | €8,187 | -€4,221 | -34.0% |
| Financial debts | 170/4 | €12,408 | €8,187 | -€4,221 | -34.0% |
| Amounts payable within one year | 42/48 | €13,271 | €17,370 | +€4,099 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €4,057 | €4,221 | +€164 | +4.0% |
| Financial debts | 43 | - | €3,790 | +€3,790 | |
| Credit institutions | 430/8 | - | €3,790 | +€3,790 | |
| Trade debts | 44 | €1,623 | €889 | -€733 | -45.2% |
| Suppliers | 440/4 | €1,623 | €889 | -€733 | -45.2% |
| Taxes, remuneration and social security | 45 | €7,591 | €8,469 | +€878 | +11.6% |
| Taxes | 450/3 | €7,591 | €8,469 | +€878 | +11.6% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,999 | €6,999 | = | 0.0% |
| Other operating charges | 640/8 | - | €74 | +€74 | |
| Non-recurring operating charges | 66A | - | €2,624 | +€2,624 | |
| Gross operating margin | 9900 | €13,269 | €43,483 | +€30,215 | +228% |
| Operating profit (loss) | 9901 | €6,270 | €33,787 | +€27,517 | +439% |
| Financial income | 75/76B | €349 | €2,675 | +€2,326 | +666% |
| Recurring financial income | 75 | €349 | €2,675 | +€2,326 | +666% |
| Financial charges | 65/66B | €826 | €958 | +€132 | +16.0% |
| Recurring financial charges | 65 | €826 | €958 | +€132 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €5,793 | €35,504 | +€29,711 | +513% |
| Income taxes | 67/77 | €2,458 | €8,908 | +€6,450 | +262% |
| Profit (loss) for the period | 9904 | €3,335 | €26,596 | +€23,261 | +697% |
| Profit (loss) for the period to be appropriated | 9905 | €3,335 | €26,596 | +€23,261 | +697% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.