KINORENTAL: 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.
KINORENTAL
Largest movements
- Cash +€24,970
up €24,970 (+271%), from €9,215 to €34,185
mainly Depreciation (+€63,436) and Other debts (+€29,561)
- Receivables within one year -€21,787
down €21,787 (-54.8%), from €39,776 to €17,989
of which Trade receivables: -€22,116
- Financial fixed assets +€19,200
up €19,200 (+9.4%), from €204,700 to €223,900
- Deferred charges and accrued income +€10,228
up €10,228 (+2,830%), from €361 to €10,589
- Tangible fixed assets -€7,345
down €7,345 (-4.4%), from €168,479 to €161,133
of which Furniture and vehicles: -€6,675
- Other debts +€29,561
up €29,561 (+12.6%), from €235,345 to €264,906
- Tax, wage and social debts +€14,484
up €14,484 (+135%), from €10,737 to €25,221
of which Taxes: +€14,484
- Trade debts -€8,766
down €8,766 (-48.6%), from €18,031 to €9,265
- Debts after one year -€8,192
down €8,192 (-38.4%), from €21,328 to €13,135
- Gross operating margin -€10,742
down €10,742 (-12.7%), from €84,734 to €73,992
- Depreciation +€5,400
up €5,400 (+9.3%), from €58,037 to €63,436
- Taxes -€2,835
down €2,835 (-99.8%), from €2,840 to €5
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.
Derived cash bridge
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 | €422,530 | €447,796 | +€25,266 | +6.0% |
| Fixed assets | 21/28 | €373,179 | €385,033 | +€11,855 | +3.2% |
| Tangible fixed assets | 22/27 | €168,479 | €161,133 | -€7,345 | -4.4% |
| Plant, machinery and equipment | 23 | €1,024 | €354 | -€670 | -65.4% |
| Furniture and vehicles | 24 | €167,455 | €160,779 | -€6,675 | -4.0% |
| Financial fixed assets | 28 | €204,700 | €223,900 | +€19,200 | +9.4% |
| Current assets | 29/58 | €49,352 | €62,763 | +€13,411 | +27.2% |
| Amounts receivable within one year | 40/41 | €39,776 | €17,989 | -€21,787 | -54.8% |
| Trade receivables | 40 | €34,616 | €12,500 | -€22,116 | -63.9% |
| Other amounts receivable | 41 | €5,160 | €5,489 | +€329 | +6.4% |
| Cash at bank and in hand | 54/58 | €9,215 | €34,185 | +€24,970 | +271% |
| Deferred charges and accrued income | 490/1 | €361 | €10,589 | +€10,228 | +2,830% |
| Total equity and liabilities | 10/49 | €422,530 | €447,796 | +€25,266 | +6.0% |
| Equity | 10/15 | €128,562 | €126,316 | -€2,246 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €108,102 | €105,856 | -€2,246 | -2.1% |
| Amounts payable | 17/49 | €293,969 | €321,480 | +€27,512 | +9.4% |
| Amounts payable after more than one year | 17 | €21,328 | €13,135 | -€8,192 | -38.4% |
| Financial debts | 170/4 | €21,328 | €13,135 | -€8,192 | -38.4% |
| Amounts payable within one year | 42/48 | €272,509 | €308,247 | +€35,738 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €8,397 | €8,856 | +€459 | +5.5% |
| Trade debts | 44 | €18,031 | €9,265 | -€8,766 | -48.6% |
| Suppliers | 440/4 | €18,031 | €9,265 | -€8,766 | -48.6% |
| Taxes, remuneration and social security | 45 | €10,737 | €25,221 | +€14,484 | +135% |
| Taxes | 450/3 | €9,487 | €23,971 | +€14,484 | +153% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €235,345 | €264,906 | +€29,561 | +12.6% |
| Accrued charges and deferred income | 492/3 | €132 | €98 | -€34 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,037 | €63,436 | +€5,400 | +9.3% |
| Other operating charges | 640/8 | €942 | €860 | -€82 | -8.7% |
| Non-recurring operating charges | 66A | - | €1,096 | +€1,096 | |
| Gross operating margin | 9900 | €84,734 | €73,992 | -€10,742 | -12.7% |
| Operating profit (loss) | 9901 | €25,756 | €8,599 | -€17,157 | -66.6% |
| Financial income | 75/76B | €1 | €58 | +€57 | +11,224% |
| Recurring financial income | 75 | €1 | €58 | +€57 | +11,224% |
| Financial charges | 65/66B | €11,381 | €10,897 | -€484 | -4.3% |
| Recurring financial charges | 65 | €11,381 | €10,897 | -€484 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €14,375 | -€2,241 | -€16,616 | |
| Income taxes | 67/77 | €2,840 | €5 | -€2,835 | -99.8% |
| Profit (loss) for the period | 9904 | €11,535 | -€2,246 | -€13,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,535 | -€2,246 | -€13,781 |
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 21 October 2026 via checked.be.