Kinnaird: 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.
What changed
Kinnaird
NACE 47.512, Retail sale of household textiles and bedding
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€11,629
2025 · €21,322-€9,692
Equity
€97,488
2025 · €85,858+€11,629
Cash
€96,370
2025 · €49,006+€47,364
Balance sheet total
€1.5m
2025 · €347,297+€1.2m
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+7107.2%), from €15,701 to €1.1m
of which Land and buildings: +€1.1m
- Cash +€47,364
up €47,364 (+96.7%), from €49,006 to €96,370
mainly Other debts (+€1.1m) and Depreciation (+€19,028)
Equity and liabilities
- Other debts +€1.1m
up €1.1m (+4796.2%), from €23,476 to €1.1m
- Accrued charges and deferred income +€18,483
up €18,483 (+1452.7%), from €1,272 to €19,755
Income statement
- Depreciation +€16,373
up €16,373 (+616.8%), from €2,654 to €19,028
- Gross operating margin +€11,324
up €11,324 (+8.1%), from €139,205 to €150,529
- Write-downs +€1,781
up €1,781 (+14.9%), from -€11,918 to -€10,137
From the 2025 result to the 2026 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.
Result 2025
€21,322
Gross operating margin
+€11,324
Staff costs
-€1,150
Depreciation
-€16,373
Write-downs
-€1,781
Other operating charges
-€1,187
Financial income
+€313
Financial charges
-€845
Taxes
+€7
Result 2026
€11,629
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.2m
Investment
-€1.1m
Financing
€0
Cash 2025
€49,006
From operations (derived)
+€1.2m
Net result for the year
+€11,629
Depreciation
+€19,028
Stocks and contracts
+€10,867
Receivables within one year
-€3,770
Deferred charges and accrued income
-€182
Trade debts
+€3,289
Tax, wage and social debts
-€3,145
Other debts
+€1.1m
Accrued charges and deferred income
+€18,483
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Cash 2026
€96,370
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €347,297 | €1,503,515 | +€1.2m | +332.9% |
| Fixed assets | 21/28 | €15,798 | €1,131,567 | +€1.1m | +7062.6% |
| Intangible fixed assets | 21 | €98 | €0 | -€98 | -100.0% |
| Tangible fixed assets | 22/27 | €15,701 | €1,131,567 | +€1.1m | +7107.2% |
| Land and buildings | 22 | €4,308 | €1,107,470 | +€1.1m | +25608.4% |
| Plant, machinery and equipment | 23 | €10,734 | €24,080 | +€13,346 | +124.3% |
| Furniture and vehicles | 24 | €659 | €17 | -€642 | -97.5% |
| Current assets | 29/58 | €331,498 | €371,948 | +€40,450 | +12.2% |
| Stocks and contracts in progress | 3 | €277,685 | €266,819 | -€10,867 | -3.9% |
| Stocks | 30/36 | €277,685 | €266,819 | -€10,867 | -3.9% |
| Amounts receivable within one year | 40/41 | €3,753 | €7,523 | +€3,770 | +100.5% |
| Trade receivables | 40 | €2,431 | €3,109 | +€678 | +27.9% |
| Other amounts receivable | 41 | €1,322 | €4,414 | +€3,092 | +233.8% |
| Cash at bank and in hand | 54/58 | €49,006 | €96,370 | +€47,364 | +96.7% |
| Deferred charges and accrued income | 490/1 | €1,055 | €1,237 | +€182 | +17.3% |
| Total equity and liabilities | 10/49 | €347,297 | €1,503,515 | +€1.2m | +332.9% |
| Equity | 10/15 | €85,858 | €97,488 | +€11,629 | +13.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €10,858 | €22,488 | +€11,629 | +107.1% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €3,358 | €14,988 | +€11,629 | +346.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €261,438 | €1,406,027 | +€1.1m | +437.8% |
| Amounts payable within one year | 42/48 | €260,166 | €1,386,272 | +€1.1m | +432.8% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €88,245 | €91,534 | +€3,289 | +3.7% |
| Suppliers | 440/4 | €88,245 | €91,534 | +€3,289 | +3.7% |
| Taxes, remuneration and social security | 45 | €23,445 | €20,300 | -€3,145 | -13.4% |
| Taxes | 450/3 | €10,206 | €8,265 | -€1,941 | -19.0% |
| Remuneration and social security | 454/9 | €13,239 | €12,035 | -€1,204 | -9.1% |
| Other amounts payable | 47/48 | €23,476 | €1,149,439 | +€1.1m | +4796.2% |
| Accrued charges and deferred income | 492/3 | €1,272 | €19,755 | +€18,483 | +1452.7% |
| Remuneration, social security and pensions | 62 | €106,506 | €107,655 | +€1,150 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,654 | €19,028 | +€16,373 | +616.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,918 | -€10,137 | +€1,781 | +14.9% |
| Other operating charges | 640/8 | €8,759 | €9,946 | +€1,187 | +13.6% |
| Gross operating margin | 9900 | €139,205 | €150,529 | +€11,324 | +8.1% |
| Operating profit (loss) | 9901 | €33,205 | €24,037 | -€9,167 | -27.6% |
| Financial income | 75/76B | €32 | €345 | +€313 | +967.2% |
| Recurring financial income | 75 | €32 | €345 | +€313 | +967.2% |
| Financial charges | 65/66B | €11,908 | €12,753 | +€845 | +7.1% |
| Recurring financial charges | 65 | €11,908 | €12,753 | +€845 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €21,329 | €11,629 | -€9,700 | -45.5% |
| Income taxes | 67/77 | €7 | €0 | -€7 | -100.0% |
| Profit (loss) for the period | 9904 | €21,322 | €11,629 | -€9,692 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,322 | €11,629 | -€9,692 | -45.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.