KINTERNO: 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.
KINTERNO
Largest movements
- Stocks and contracts +€47,578
up €47,578 (+115.6%), from €41,150 to €88,728
of which Contracts in progress: +€25,928
- Tangible fixed assets +€31,313
up €31,313 (+10.3%), from €303,150 to €334,463
of which Other tangible fixed assets: +€65,665
- Receivables within one year +€23,169
up €23,169 (+40.4%), from €57,340 to €80,510
of which Other amounts receivable: +€26,784
- Cash -€19,069
down €19,069 (-36.9%), from €51,699 to €32,630
mainly Investment in fixed assets (net) (-€81,480) and Stocks and contracts (-€47,578)
- Trade debts +€72,944
up €72,944 (+470.7%), from €15,497 to €88,440
- Debts after one year +€19,804
up €19,804 (+7.2%), from €275,084 to €294,889
- Other debts +€17,667
up €17,667 (+28.7%), from €61,595 to €79,262
- Reserves -€13,121
no longer reported in 2025 (was €13,121)
- Profit (loss) carried forward -€11,729
down €11,729 (-27.9%), from €42,073 to €30,344
- Gross operating margin +€14,858
up €14,858 (+11.3%), from €131,728 to €146,586
- Staff costs +€3,571
up €3,571 (+6.1%), from €58,684 to €62,255
- Taxes +€3,365
up €3,365 (+313.4%), from €1,073 to €4,438
- Depreciation +€2,481
up €2,481 (+5.1%), from €48,889 to €51,370
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 | €458,410 | €541,866 | +€83,456 | +18.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €306,010 | €336,120 | +€30,110 | +9.8% |
| Intangible fixed assets | 21 | €2,859 | €1,656 | -€1,203 | -42.1% |
| Tangible fixed assets | 22/27 | €303,150 | €334,463 | +€31,313 | +10.3% |
| Land and buildings | 22 | €213,424 | €204,521 | -€8,904 | -4.2% |
| Plant, machinery and equipment | 23 | €42,969 | €31,469 | -€11,500 | -26.8% |
| Furniture and vehicles | 24 | €44,661 | €30,712 | -€13,949 | -31.2% |
| Other tangible fixed assets | 26 | €2,096 | €67,761 | +€65,665 | +3132.9% |
| Current assets | 29/58 | €152,400 | €205,746 | +€53,346 | +35.0% |
| Stocks and contracts in progress | 3 | €41,150 | €88,728 | +€47,578 | +115.6% |
| Stocks | 30/36 | €21,150 | €42,800 | +€21,650 | +102.4% |
| Contracts in progress | 37 | €20,000 | €45,928 | +€25,928 | +129.6% |
| Amounts receivable within one year | 40/41 | €57,340 | €80,510 | +€23,169 | +40.4% |
| Trade receivables | 40 | €52,414 | €48,799 | -€3,615 | -6.9% |
| Other amounts receivable | 41 | €4,927 | €31,710 | +€26,784 | +543.7% |
| Cash at bank and in hand | 54/58 | €51,699 | €32,630 | -€19,069 | -36.9% |
| Deferred charges and accrued income | 490/1 | €2,211 | €3,879 | +€1,668 | +75.5% |
| Total equity and liabilities | 10/49 | €458,410 | €541,866 | +€83,456 | +18.2% |
| Equity | 10/15 | €60,194 | €35,344 | -€24,850 | -41.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,121 | - | -€13,121 | |
| Distributable reserves | 133 | €13,121 | - | -€13,121 | |
| Profit (loss) carried forward | 14 | €42,073 | €30,344 | -€11,729 | -27.9% |
| Amounts payable | 17/49 | €398,216 | €506,522 | +€108,306 | +27.2% |
| Amounts payable after more than one year | 17 | €275,084 | €294,889 | +€19,804 | +7.2% |
| Financial debts | 170/4 | €275,084 | €294,889 | +€19,804 | +7.2% |
| Amounts payable within one year | 42/48 | €123,131 | €211,633 | +€88,502 | +71.9% |
| Current portion of amounts payable after more than one year | 42 | €33,673 | €34,199 | +€526 | +1.6% |
| Trade debts | 44 | €15,497 | €88,440 | +€72,944 | +470.7% |
| Suppliers | 440/4 | €15,497 | €88,440 | +€72,944 | +470.7% |
| Taxes, remuneration and social security | 45 | €12,367 | €9,732 | -€2,635 | -21.3% |
| Taxes | 450/3 | €5,427 | - | -€5,427 | |
| Remuneration and social security | 454/9 | €6,940 | €9,732 | +€2,792 | +40.2% |
| Other amounts payable | 47/48 | €61,595 | €79,262 | +€17,667 | +28.7% |
| Remuneration, social security and pensions | 62 | €58,684 | €62,255 | +€3,571 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,889 | €51,370 | +€2,481 | +5.1% |
| Other operating charges | 640/8 | €1,957 | €2,086 | +€129 | +6.6% |
| Gross operating margin | 9900 | €131,728 | €146,586 | +€14,858 | +11.3% |
| Operating profit (loss) | 9901 | €22,198 | €30,875 | +€8,677 | +39.1% |
| Financial income | 75/76B | €258 | €1,091 | +€833 | +323.5% |
| Recurring financial income | 75 | €258 | €1,091 | +€833 | +323.5% |
| Financial charges | 65/66B | €12,433 | €12,377 | -€56 | -0.5% |
| Recurring financial charges | 65 | €12,433 | €12,377 | -€56 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €10,022 | €19,588 | +€9,566 | +95.5% |
| Income taxes | 67/77 | €1,073 | €4,438 | +€3,365 | +313.4% |
| Profit (loss) for the period | 9904 | €8,949 | €15,150 | +€6,202 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,949 | €15,150 | +€6,202 | +69.3% |
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 6 October 2026 via checked.be.