KINOLT IMMO: what changed
KINOLT IMMO
Largest movements
- Receivables within one year -€89,236
down €89,236 (-43.7%), from €204,076 to €114,840
of which Trade receivables: -€90,750
- Tangible fixed assets -€21,054
down €21,054 (-6.5%), from €323,665 to €302,611
- Cash -€7,724
down €7,724 (-38.2%), from €20,232 to €12,508
mainly Net result for the year (-€2.0m) and Trade debts (-€165,151)
- Profit (loss) carried forward -€2.0m
down €2.0m (-55.1%), from -€3.7m to -€5.7m
- Provisions +€1.9m
up €1.9m (+79.8%), from €2.4m to €4.2m
- Short-term financial debts +€181,288
new in 2025: €181,288
- Trade debts -€165,151
down €165,151 (-20.6%), from €801,655 to €636,504
- Debts after one year +€21,500
up €21,500 (+2.1%), from €1.0m to €1.0m
- Provisions +€1.9m
new in 2025: €1.9m
- Services and other goods -€68,157
no longer reported in 2025 (was €68,157)
- Gross operating margin -€59,749
new in 2025: -€59,749
- Financial charges -€14,573
down €14,573 (-33.7%), from €43,223 to €28,650
- Other operating charges +€1,748
up €1,748 (+3.9%), from €44,450 to €46,198
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €547,973 | €429,959 | -€118,014 | -21.5% |
| Fixed assets | 21/28 | €323,665 | €302,611 | -€21,054 | -6.5% |
| Tangible fixed assets | 22/27 | €323,665 | €302,611 | -€21,054 | -6.5% |
| Land and buildings | 22 | €323,665 | €302,611 | -€21,054 | -6.5% |
| Current assets | 29/58 | €224,308 | €127,348 | -€96,960 | -43.2% |
| Amounts receivable within one year | 40/41 | €204,076 | €114,840 | -€89,236 | -43.7% |
| Trade receivables | 40 | €201,667 | €110,917 | -€90,750 | -45.0% |
| Other amounts receivable | 41 | €2,409 | €3,923 | +€1,514 | +62.8% |
| Cash at bank and in hand | 54/58 | €20,232 | €12,508 | -€7,724 | -38.2% |
| Total equity and liabilities | 10/49 | €547,973 | €429,959 | -€118,014 | -21.5% |
| Equity | 10/15 | -€3,625,182 | -€5,655,833 | -€2.0m | -56.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,687,182 | -€5,717,833 | -€2.0m | -55.1% |
| Provisions and deferred taxes | 16 | €2,350,000 | €4,225,000 | +€1.9m | +79.8% |
| Provisions for liabilities and charges | 160/5 | €2,350,000 | €4,225,000 | +€1.9m | +79.8% |
| Major repairs and maintenance | 162 | €350,000 | €350,000 | = | 0.0% |
| Environmental obligations | 163 | €2,000,000 | €3,875,000 | +€1.9m | +93.8% |
| Amounts payable | 17/49 | €1,823,155 | €1,860,792 | +€37,637 | +2.1% |
| Amounts payable after more than one year | 17 | €1,021,500 | €1,043,000 | +€21,500 | +2.1% |
| Financial debts | 170/4 | €1,021,500 | €1,043,000 | +€21,500 | +2.1% |
| Other loans | 174 | €1,021,500 | - | -€1.0m | |
| Amounts payable within one year | 42/48 | €801,655 | €817,792 | +€16,137 | +2.0% |
| Financial debts | 43 | - | €181,288 | +€181,288 | |
| Other loans | 439 | - | €181,288 | +€181,288 | |
| Trade debts | 44 | €801,655 | €636,504 | -€165,151 | -20.6% |
| Suppliers | 440/4 | €801,655 | €636,504 | -€165,151 | -20.6% |
| Operating charges | 60/66A | €133,849 | - | -€133,849 | |
| Services and other goods | 61 | €68,157 | - | -€68,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,242 | €21,054 | -€188 | -0.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,875,000 | +€1.9m | |
| Other operating charges | 640/8 | €44,450 | €46,198 | +€1,748 | +3.9% |
| Gross operating margin | 9900 | - | -€59,749 | -€59,749 | |
| Operating profit (loss) | 9901 | -€133,849 | -€2,002,001 | -€1.9m | -1,396% |
| Financial charges | 65/66B | €43,223 | €28,650 | -€14,573 | -33.7% |
| Recurring financial charges | 65 | €43,223 | €28,650 | -€14,573 | -33.7% |
| Debt charges | 650 | €42,676 | - | -€42,676 | |
| Other financial charges | 652/9 | €547 | - | -€547 | |
| Profit (loss) for the period before taxes | 9903 | -€177,072 | -€2,030,651 | -€1.9m | -1,047% |
| Profit (loss) for the period | 9904 | -€177,072 | -€2,030,651 | -€1.9m | -1,047% |
| Profit (loss) for the period to be appropriated | 9905 | -€177,072 | -€2,030,651 | -€1.9m | -1,047% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.