KINSTAL: 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.
KINSTAL
Largest movements
- Cash +€12,775
up €12,775 (+273556.1%), from €5 to €12,780
mainly Other debts (+€16,415) and Net result for the year (+€9,652)
- Tangible fixed assets -€3,983
down €3,983 (-65.5%), from €6,078 to €2,095
- Receivables within one year +€2,787
up €2,787 (+22.7%), from €12,277 to €15,064
of which Trade receivables: +€5,686
- Deferred charges and accrued income +€420
new in 2025: €420
- Other debts +€16,415
up €16,415 (+77.2%), from €21,255 to €37,670
- Tax, wage and social debts -€13,300
no longer reported in 2025 (was €13,300)
- Profit (loss) carried forward +€9,639
up €9,639 (+48.3%), from -€19,975 to -€10,336
- Trade debts -€756
down €756 (-33.2%), from €2,279 to €1,523
- Gross operating margin +€26,091
up €26,091, from -€11,945 to €14,146
- Depreciation -€1,889
down €1,889 (-32.2%), from €5,872 to €3,983
- Other operating charges -€1,537
down €1,537 (-83.2%), from €1,847 to €310
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 | €18,360 | €30,358 | +€11,998 | +65.4% |
| Fixed assets | 21/28 | €6,078 | €2,095 | -€3,983 | -65.5% |
| Tangible fixed assets | 22/27 | €6,078 | €2,095 | -€3,983 | -65.5% |
| Furniture and vehicles | 24 | €6,078 | €2,095 | -€3,983 | -65.5% |
| Current assets | 29/58 | €12,282 | €28,263 | +€15,982 | +130.1% |
| Amounts receivable within one year | 40/41 | €12,277 | €15,064 | +€2,787 | +22.7% |
| Trade receivables | 40 | €9,049 | €14,735 | +€5,686 | +62.8% |
| Other amounts receivable | 41 | €3,228 | €329 | -€2,899 | -89.8% |
| Cash at bank and in hand | 54/58 | €5 | €12,780 | +€12,775 | +273556.1% |
| Deferred charges and accrued income | 490/1 | - | €420 | +€420 | |
| Total equity and liabilities | 10/49 | €18,360 | €30,358 | +€11,998 | +65.4% |
| Equity | 10/15 | -€18,475 | -€8,836 | +€9,639 | +52.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,975 | -€10,336 | +€9,639 | +48.3% |
| Amounts payable | 17/49 | €36,834 | €39,194 | +€2,359 | +6.4% |
| Amounts payable within one year | 42/48 | €36,834 | €39,194 | +€2,359 | +6.4% |
| Trade debts | 44 | €2,279 | €1,523 | -€756 | -33.2% |
| Suppliers | 440/4 | €2,279 | €1,523 | -€756 | -33.2% |
| Taxes, remuneration and social security | 45 | €13,300 | - | -€13,300 | |
| Remuneration and social security | 454/9 | €13,300 | - | -€13,300 | |
| Other amounts payable | 47/48 | €21,255 | €37,670 | +€16,415 | +77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,872 | €3,983 | -€1,889 | -32.2% |
| Other operating charges | 640/8 | €1,847 | €310 | -€1,537 | -83.2% |
| Gross operating margin | 9900 | -€11,945 | €14,146 | +€26,091 | |
| Operating profit (loss) | 9901 | -€19,665 | €9,852 | +€29,517 | |
| Financial charges | 65/66B | €310 | €201 | -€109 | -35.2% |
| Recurring financial charges | 65 | €310 | €201 | -€109 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,975 | €9,652 | +€29,626 | |
| Profit (loss) for the period | 9904 | -€19,975 | €9,652 | +€29,626 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,975 | €9,652 | +€29,626 |
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.