KINNOA: 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.
KINNOA
Largest movements
- Receivables within one year +€11,541
up €11,541 (+41.8%), from €27,638 to €39,179
of which Other amounts receivable: +€11,576
- Tangible fixed assets +€6,672
up €6,672 (+69.0%), from €9,676 to €16,348
of which Furniture and vehicles: +€9,011
- Deferred charges and accrued income -€3,578
no longer reported in 2025 (was €3,578)
- Tax, wage and social debts +€6,486
new in 2025: €6,486
of which Taxes: +€4,986
- Debts after one year -€5,259
down €5,259 (-39.7%), from €13,237 to €7,978
- Trade debts +€4,952
up €4,952 (+116.4%), from €4,253 to €9,205
- Profit (loss) carried forward +€3,960
up €3,960 (+86.8%), from €4,563 to €8,523
- Other debts +€3,000
new in 2025: €3,000
- Gross operating margin +€10,431
up €10,431 (+83.1%), from €12,559 to €22,990
- Other operating charges +€5,729
up €5,729 (+539.5%), from €1,062 to €6,791
- Depreciation +€1,071
up €1,071 (+39.0%), from €2,746 to €3,816
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 | €40,943 | €55,584 | +€14,641 | +35.8% |
| Fixed assets | 21/28 | €9,726 | €16,398 | +€6,672 | +68.6% |
| Tangible fixed assets | 22/27 | €9,676 | €16,348 | +€6,672 | +69.0% |
| Plant, machinery and equipment | 23 | €8,631 | €6,292 | -€2,339 | -27.1% |
| Furniture and vehicles | 24 | €1,045 | €10,056 | +€9,011 | +862.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €31,218 | €39,187 | +€7,969 | +25.5% |
| Amounts receivable within one year | 40/41 | €27,638 | €39,179 | +€11,541 | +41.8% |
| Trade receivables | 40 | €36 | - | -€36 | |
| Other amounts receivable | 41 | €27,603 | €39,179 | +€11,576 | +41.9% |
| Cash at bank and in hand | 54/58 | €1 | €8 | +€6 | +414.4% |
| Deferred charges and accrued income | 490/1 | €3,578 | - | -€3,578 | |
| Total equity and liabilities | 10/49 | €40,943 | €55,584 | +€14,641 | +35.8% |
| Equity | 10/15 | €18,367 | €22,327 | +€3,960 | +21.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,604 | €7,604 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,744 | €5,744 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,563 | €8,523 | +€3,960 | +86.8% |
| Amounts payable | 17/49 | €22,576 | €33,257 | +€10,681 | +47.3% |
| Amounts payable after more than one year | 17 | €13,237 | €7,978 | -€5,259 | -39.7% |
| Financial debts | 170/4 | €13,237 | €7,978 | -€5,259 | -39.7% |
| Amounts payable within one year | 42/48 | €9,339 | €25,279 | +€15,940 | +170.7% |
| Current portion of amounts payable after more than one year | 42 | €4,716 | €5,248 | +€532 | +11.3% |
| Financial debts | 43 | €370 | €1,339 | +€969 | +262.2% |
| Credit institutions | 430/8 | €370 | €1,339 | +€969 | +262.2% |
| Trade debts | 44 | €4,253 | €9,205 | +€4,952 | +116.4% |
| Suppliers | 440/4 | €4,253 | €9,205 | +€4,952 | +116.4% |
| Taxes, remuneration and social security | 45 | - | €6,486 | +€6,486 | |
| Taxes | 450/3 | - | €4,986 | +€4,986 | |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,746 | €3,816 | +€1,071 | +39.0% |
| Other operating charges | 640/8 | €1,062 | €6,791 | +€5,729 | +539.5% |
| Gross operating margin | 9900 | €12,559 | €22,990 | +€10,431 | +83.1% |
| Operating profit (loss) | 9901 | €8,751 | €12,383 | +€3,632 | +41.5% |
| Financial income | 75/76B | €1,841 | €1,621 | -€219 | -11.9% |
| Recurring financial income | 75 | €1,841 | €1,621 | -€219 | -11.9% |
| Financial charges | 65/66B | €2,302 | €2,109 | -€193 | -8.4% |
| Recurring financial charges | 65 | €2,302 | €2,109 | -€193 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €8,289 | €11,895 | +€3,606 | +43.5% |
| Income taxes | 67/77 | €4,932 | €4,987 | +€55 | +1.1% |
| Profit (loss) for the period | 9904 | €3,357 | €6,908 | +€3,551 | +105.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,357 | €6,908 | +€3,551 | +105.8% |
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 11 October 2026 via checked.be.