KINT PROJECTS: 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.
KINT PROJECTS
Largest movements
- Stocks and contracts -€534,262
down €534,262 (-64.7%), from €825,131 to €290,869
- Receivables within one year -€284,484
down €284,484 (-68.3%), from €416,542 to €132,058
of which Other amounts receivable: -€261,988
- Current investments +€260,000
up €260,000 (+52.0%), from €500,000 to €760,000
- Cash -€195,247
down €195,247 (-71.9%), from €271,531 to €76,283
mainly Other debts (-€690,000) and Current investments (-€260,000)
- Other debts -€690,000
down €690,000 (-44.3%), from €1.6m to €867,000
- Trade debts -€43,216
down €43,216 (-55.8%), from €77,491 to €34,275
- Tax, wage and social debts -€32,119
no longer reported in 2025 (was €32,119)
- Gross operating margin -€34,410
down €34,410 (-77.5%), from €44,414 to €10,004
- Financial income +€13,790
up €13,790 (+374%), from €3,687 to €17,477
- Taxes -€6,544
down €6,544 (-52.9%), from €12,366 to €5,823
- Financial charges -€3,608
down €3,608 (-59.5%), from €6,063 to €2,455
- Depreciation -€883
down €883 (-41.4%), from €2,131 to €1,248
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 | €2,023,625 | €1,270,207 | -€753,418 | -37.2% |
| Fixed assets | 21/28 | €2,622 | €1,374 | -€1,248 | -47.6% |
| Tangible fixed assets | 22/27 | €2,622 | €1,374 | -€1,248 | -47.6% |
| Furniture and vehicles | 24 | €2,622 | €1,374 | -€1,248 | -47.6% |
| Current assets | 29/58 | €2,021,004 | €1,268,834 | -€752,170 | -37.2% |
| Stocks and contracts in progress | 3 | €825,131 | €290,869 | -€534,262 | -64.7% |
| Stocks | 30/36 | €825,131 | €290,869 | -€534,262 | -64.7% |
| Amounts receivable within one year | 40/41 | €416,542 | €132,058 | -€284,484 | -68.3% |
| Trade receivables | 40 | €28,859 | €6,362 | -€22,497 | -78.0% |
| Other amounts receivable | 41 | €387,683 | €125,696 | -€261,988 | -67.6% |
| Current investments | 50/53 | €500,000 | €760,000 | +€260,000 | +52.0% |
| Cash at bank and in hand | 54/58 | €271,531 | €76,283 | -€195,247 | -71.9% |
| Deferred charges and accrued income | 490/1 | €7,800 | €9,624 | +€1,824 | +23.4% |
| Total equity and liabilities | 10/49 | €2,023,625 | €1,270,207 | -€753,418 | -37.2% |
| Equity | 10/15 | €351,823 | €368,562 | +€16,740 | +4.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Uncalled capital | 101 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €201,823 | €218,562 | +€16,740 | +8.3% |
| Non-distributable reserves | 130/1 | €9,835 | €10,685 | +€850 | +8.6% |
| Legal reserve | 130 | €9,835 | €10,685 | +€850 | +8.6% |
| Distributable reserves | 133 | €191,988 | €207,877 | +€15,890 | +8.3% |
| Amounts payable | 17/49 | €1,671,803 | €901,645 | -€770,158 | -46.1% |
| Amounts payable after more than one year | 17 | - | €240 | +€240 | |
| Other amounts payable | 178/9 | - | €240 | +€240 | |
| Amounts payable within one year | 42/48 | €1,671,715 | €901,275 | -€770,440 | -46.1% |
| Trade debts | 44 | €77,491 | €34,275 | -€43,216 | -55.8% |
| Suppliers | 440/4 | €77,491 | €34,275 | -€43,216 | -55.8% |
| Advances received on contracts in progress | 46 | €5,105 | - | -€5,105 | |
| Taxes, remuneration and social security | 45 | €32,119 | - | -€32,119 | |
| Taxes | 450/3 | €32,119 | - | -€32,119 | |
| Other amounts payable | 47/48 | €1,557,000 | €867,000 | -€690,000 | -44.3% |
| Accrued charges and deferred income | 492/3 | €88 | €129 | +€42 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,131 | €1,248 | -€883 | -41.4% |
| Other operating charges | 640/8 | €1,394 | €1,216 | -€178 | -12.8% |
| Gross operating margin | 9900 | €44,414 | €10,004 | -€34,410 | -77.5% |
| Operating profit (loss) | 9901 | €40,889 | €7,540 | -€33,349 | -81.6% |
| Financial income | 75/76B | €3,687 | €17,477 | +€13,790 | +374% |
| Recurring financial income | 75 | €3,687 | €17,477 | +€13,790 | +374% |
| Financial charges | 65/66B | €6,063 | €2,455 | -€3,608 | -59.5% |
| Recurring financial charges | 65 | €6,063 | €2,455 | -€3,608 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €38,513 | €22,562 | -€15,951 | -41.4% |
| Income taxes | 67/77 | €12,366 | €5,823 | -€6,544 | -52.9% |
| Profit (loss) for the period | 9904 | €26,147 | €16,740 | -€9,408 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,147 | €16,740 | -€9,408 | -36.0% |
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 16 October 2026 via checked.be.