KINROOI-GEIT: 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.
KINROOI-GEIT
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+142%), from €943,778 to €2.3m
of which Trade receivables: +€1.3m
- Stocks and contracts +€1.3m
up €1.3m (+842%), from €153,166 to €1.4m
- Tangible fixed assets -€196,949
down €196,949 (-7.0%), from €2.8m to €2.6m
of which Land and buildings: -€136,676
- Trade debts +€2.8m
up €2.8m (+398%), from €697,964 to €3.5m
- Reserves -€307,021
down €307,021 (-37.4%), from €819,939 to €512,918
of which Distributable reserves: -€307,021
- Debts after one year -€164,953
down €164,953 (-7.7%), from €2.1m to €2.0m
- Short-term financial debts +€96,034
up €96,034 (+96.0%), from €100,000 to €196,034
- Financial charges -€45,735
down €45,735 (-32.1%), from €142,545 to €96,810
- Financial income +€25,696
up €25,696 (+56,241%), from €46 to €25,742
- Depreciation -€13,369
down €13,369 (-5.7%), from €234,079 to €220,710
- Gross operating margin +€4,247
up €4,247 (+28.8%), from -€14,731 to -€10,484
- Staff costs +€1,649
up €1,649, from €0 to €1,649
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.
Derived cash bridge
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 | €3,985,603 | €6,361,602 | +€2.4m | +59.6% |
| Fixed assets | 21/28 | €2,831,888 | €2,631,438 | -€200,449 | -7.1% |
| Intangible fixed assets | 21 | €11,815 | €7,815 | -€4,000 | -33.9% |
| Tangible fixed assets | 22/27 | €2,818,573 | €2,621,624 | -€196,949 | -7.0% |
| Land and buildings | 22 | €2,515,422 | €2,378,747 | -€136,676 | -5.4% |
| Plant, machinery and equipment | 23 | €221,632 | €190,331 | -€31,301 | -14.1% |
| Furniture and vehicles | 24 | €81,518 | €52,546 | -€28,973 | -35.5% |
| Financial fixed assets | 28 | €1,500 | €2,000 | +€500 | +33.3% |
| Current assets | 29/58 | €1,153,715 | €3,730,164 | +€2.6m | +223% |
| Stocks and contracts in progress | 3 | €153,166 | €1,443,329 | +€1.3m | +842% |
| Stocks | 30/36 | €153,166 | €1,443,329 | +€1.3m | +842% |
| Amounts receivable within one year | 40/41 | €943,778 | €2,280,425 | +€1.3m | +142% |
| Trade receivables | 40 | €718,778 | €1,974,570 | +€1.3m | +175% |
| Other amounts receivable | 41 | €225,000 | €305,855 | +€80,855 | +35.9% |
| Cash at bank and in hand | 54/58 | €52,996 | €0 | -€52,996 | -100% |
| Deferred charges and accrued income | 490/1 | €3,776 | €6,410 | +€2,635 | +69.8% |
| Total equity and liabilities | 10/49 | €3,985,603 | €6,361,602 | +€2.4m | +59.6% |
| Equity | 10/15 | €844,939 | €537,918 | -€307,021 | -36.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €819,939 | €512,918 | -€307,021 | -37.4% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €817,439 | €510,418 | -€307,021 | -37.6% |
| Amounts payable | 17/49 | €3,140,664 | €5,823,684 | +€2.7m | +85.4% |
| Amounts payable after more than one year | 17 | €2,134,953 | €1,970,001 | -€164,953 | -7.7% |
| Financial debts | 170/4 | €2,134,953 | €1,970,001 | -€164,953 | -7.7% |
| Amounts payable within one year | 42/48 | €1,005,711 | €3,853,684 | +€2.8m | +283% |
| Current portion of amounts payable after more than one year | 42 | €179,238 | €164,953 | -€14,286 | -8.0% |
| Financial debts | 43 | €100,000 | €196,034 | +€96,034 | +96.0% |
| Credit institutions | 430/8 | €100,000 | €196,034 | +€96,034 | +96.0% |
| Trade debts | 44 | €697,964 | €3,472,739 | +€2.8m | +398% |
| Suppliers | 440/4 | €697,964 | €3,472,739 | +€2.8m | +398% |
| Taxes, remuneration and social security | 45 | €24,751 | €1,950 | -€22,801 | -92.1% |
| Taxes | 450/3 | €24,751 | €1,950 | -€22,801 | -92.1% |
| Other amounts payable | 47/48 | €3,759 | €18,008 | +€14,249 | +379% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | €1,649 | +€1,649 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234,079 | €220,710 | -€13,369 | -5.7% |
| Other operating charges | 640/8 | €1,555 | €1,355 | -€200 | -12.9% |
| Non-recurring operating charges | 66A | €852 | €1,754 | +€903 | +106% |
| Gross operating margin | 9900 | -€14,731 | -€10,484 | +€4,247 | +28.8% |
| Operating profit (loss) | 9901 | -€251,218 | -€235,953 | +€15,265 | +6.1% |
| Financial income | 75/76B | €46 | €25,742 | +€25,696 | +56,241% |
| Recurring financial income | 75 | €46 | €25,742 | +€25,696 | +56,241% |
| Financial charges | 65/66B | €142,545 | €96,810 | -€45,735 | -32.1% |
| Recurring financial charges | 65 | €142,545 | €96,810 | -€45,735 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€393,717 | -€307,021 | +€86,696 | +22.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€393,717 | -€307,021 | +€86,696 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€393,717 | -€307,021 | +€86,696 | +22.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.