KINNART: 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.
KINNART
Largest movements
- Cash -€103,209
no longer reported in 2024 (was €103,209)
mainly Debts after one year (-€96,880) and Net result for the year (-€51,773)
- Tangible fixed assets -€43,509
down €43,509 (-25.3%), from €171,742 to €128,234
of which Plant, machinery and equipment: -€30,416
- Receivables within one year -€31,041
down €31,041 (-43.7%), from €71,069 to €40,027
of which Other amounts receivable: -€28,349
- Debts after one year -€96,880
no longer reported in 2024 (was €96,880)
- Reserves -€37,408
down €37,408 (-23.9%), from €156,601 to €119,193
- Trade debts -€30,671
down €30,671 (-96.3%), from €31,853 to €1,182
- Other debts +€25,518
up €25,518 (+543.6%), from €4,694 to €30,212
- Current portion of long-term debt -€14,393
down €14,393 (-58.4%), from €24,639 to €10,246
- Gross operating margin -€173,073
down €173,073, from €151,616 to -€21,457
- Staff costs -€48,797
down €48,797 (-76.5%), from €63,806 to €15,008
- Taxes -€23,702
no longer reported in 2024 (was €23,702)
- Depreciation -€6,143
down €6,143 (-28.8%), from €21,326 to €15,183
- Financial charges -€3,185
down €3,185 (-49.4%), from €6,448 to €3,262
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.
Cash bridge derived
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 | €346,020 | €168,261 | -€177,759 | -51.4% |
| Fixed assets | 21/28 | €171,742 | €128,234 | -€43,509 | -25.3% |
| Tangible fixed assets | 22/27 | €171,742 | €128,234 | -€43,509 | -25.3% |
| Land and buildings | 22 | €128,070 | €123,189 | -€4,881 | -3.8% |
| Plant, machinery and equipment | 23 | €32,019 | €1,603 | -€30,416 | -95.0% |
| Furniture and vehicles | 24 | €11,653 | €3,442 | -€8,212 | -70.5% |
| Current assets | 29/58 | €174,278 | €40,027 | -€134,250 | -77.0% |
| Amounts receivable within one year | 40/41 | €71,069 | €40,027 | -€31,041 | -43.7% |
| Trade receivables | 40 | €5,471 | €2,778 | -€2,693 | -49.2% |
| Other amounts receivable | 41 | €65,598 | €37,249 | -€28,349 | -43.2% |
| Cash at bank and in hand | 54/58 | €103,209 | - | -€103,209 | |
| Total equity and liabilities | 10/49 | €346,020 | €168,261 | -€177,759 | -51.4% |
| Equity | 10/15 | €169,001 | €117,228 | -€51,773 | -30.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €156,601 | €119,193 | -€37,408 | -23.9% |
| Distributable reserves | 133 | €156,601 | €119,193 | -€37,408 | -23.9% |
| Profit (loss) carried forward | 14 | - | -€14,365 | -€14,365 | |
| Amounts payable | 17/49 | €177,019 | €51,033 | -€125,986 | -71.2% |
| Amounts payable after more than one year | 17 | €96,880 | - | -€96,880 | |
| Financial debts | 170/4 | €96,880 | - | -€96,880 | |
| Amounts payable within one year | 42/48 | €80,139 | €51,033 | -€29,105 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €24,639 | €10,246 | -€14,393 | -58.4% |
| Financial debts | 43 | €5,158 | €692 | -€4,467 | -86.6% |
| Credit institutions | 430/8 | €5,158 | €692 | -€4,467 | -86.6% |
| Trade debts | 44 | €31,853 | €1,182 | -€30,671 | -96.3% |
| Suppliers | 440/4 | €31,853 | €1,182 | -€30,671 | -96.3% |
| Taxes, remuneration and social security | 45 | €13,794 | €8,702 | -€5,092 | -36.9% |
| Taxes | 450/3 | €11,861 | €8,702 | -€3,159 | -26.6% |
| Remuneration and social security | 454/9 | €1,933 | - | -€1,933 | |
| Other amounts payable | 47/48 | €4,694 | €30,212 | +€25,518 | +543.6% |
| Non-recurring operating income | 76A | €26,291 | - | -€26,291 | |
| Remuneration, social security and pensions | 62 | €63,806 | €15,008 | -€48,797 | -76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,326 | €15,183 | -€6,143 | -28.8% |
| Other operating charges | 640/8 | €1,420 | €791 | -€629 | -44.3% |
| Gross operating margin | 9900 | €151,616 | -€21,457 | -€173,073 | |
| Operating profit (loss) | 9901 | €65,064 | -€52,439 | -€117,503 | |
| Financial income | 75/76B | €3,620 | €3,929 | +€308 | +8.5% |
| Recurring financial income | 75 | €3,620 | €3,929 | +€308 | +8.5% |
| Financial charges | 65/66B | €6,448 | €3,262 | -€3,185 | -49.4% |
| Recurring financial charges | 65 | €6,448 | €3,262 | -€3,185 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €62,236 | -€51,773 | -€114,009 | |
| Income taxes | 67/77 | €23,702 | - | -€23,702 | |
| Profit (loss) for the period | 9904 | €38,535 | -€51,773 | -€90,308 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,535 | -€51,773 | -€90,308 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.