KINSES: 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.
KINSES
Largest movements
- Receivables within one year +€125,000
new in 2025: €125,000
- Cash -€34,030
down €34,030 (-11.3%), from €300,513 to €266,483
mainly Receivables within one year (-€125,000) and Other debts (-€95,000)
- Profit (loss) carried forward +€128,381
up €128,381 (+113.9%), from €112,734 to €241,116
- Other debts -€95,000
down €95,000 (-4.8%), from €2.0m to €1.9m
- Tax, wage and social debts +€40,611
up €40,611 (+664.9%), from €6,108 to €46,720
- Gross operating margin +€157,923
up €157,923 (+509.7%), from €30,986 to €188,909
- Turnover +€107,179
up €107,179 (+23.3%), from €460,834 to €568,013
- Purchases and services -€50,744
down €50,744 (-11.8%), from €429,848 to €379,104
- Taxes +€44,698
up €44,698 (+2196.0%), from €2,035 to €46,734
- Depreciation -€9,354
down €9,354 (-40.5%), from €23,101 to €13,748
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 | €2,116,702 | €2,195,195 | +€78,493 | +3.7% |
| Fixed assets | 21/28 | €1,806,189 | €1,792,442 | -€13,748 | -0.8% |
| Tangible fixed assets | 22/27 | €1,806,189 | €1,792,442 | -€13,748 | -0.8% |
| Land and buildings | 22 | €1,806,189 | €1,792,442 | -€13,748 | -0.8% |
| Current assets | 29/58 | €310,513 | €402,754 | +€92,240 | +29.7% |
| Amounts receivable within one year | 40/41 | - | €125,000 | +€125,000 | |
| Other amounts receivable | 41 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €300,513 | €266,483 | -€34,030 | -11.3% |
| Deferred charges and accrued income | 490/1 | €10,000 | €11,271 | +€1,271 | +12.7% |
| Total equity and liabilities | 10/49 | €2,116,702 | €2,195,195 | +€78,493 | +3.7% |
| Equity | 10/15 | €133,194 | €261,576 | +€128,381 | +96.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,734 | €241,116 | +€128,381 | +113.9% |
| Amounts payable | 17/49 | €1,983,508 | €1,933,620 | -€49,889 | -2.5% |
| Amounts payable within one year | 42/48 | €1,982,008 | €1,932,120 | -€49,889 | -2.5% |
| Trade debts | 44 | €150 | €4,650 | +€4,500 | +3000.0% |
| Suppliers | 440/4 | €150 | €4,650 | +€4,500 | +3000.0% |
| Taxes, remuneration and social security | 45 | €6,108 | €46,720 | +€40,611 | +664.9% |
| Taxes | 450/3 | €6,108 | €46,720 | +€40,611 | +664.9% |
| Other amounts payable | 47/48 | €1,975,750 | €1,880,750 | -€95,000 | -4.8% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Turnover | 70 | €460,834 | €568,013 | +€107,179 | +23.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €429,848 | €379,104 | -€50,744 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,101 | €13,748 | -€9,354 | -40.5% |
| Other operating charges | 640/8 | €369 | - | -€369 | |
| Gross operating margin | 9900 | €30,986 | €188,909 | +€157,923 | +509.7% |
| Operating profit (loss) | 9901 | €7,516 | €175,162 | +€167,646 | +2230.6% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €7,470 | €175,115 | +€167,646 | +2244.4% |
| Income taxes | 67/77 | €2,035 | €46,734 | +€44,698 | +2196.0% |
| Profit (loss) for the period | 9904 | €5,434 | €128,381 | +€122,947 | +2262.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,434 | €128,381 | +€122,947 | +2262.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.