KINTSU: 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.
KINTSU
Largest movements
- Tangible fixed assets +€41,508
new in 2025: €41,508
- Receivables within one year +€14,600
up €14,600 (+140.1%), from €10,424 to €25,024
of which Trade receivables: +€11,529
- Debts after one year +€28,450
new in 2025: €28,450
- Reserves +€17,160
up €17,160 (+54.3%), from €31,591 to €48,751
- Current portion of long-term debt +€6,550
new in 2025: €6,550
- Other debts +€1,582
up €1,582 (+230.7%), from €686 to €2,267
- Gross operating margin +€19,419
up €19,419 (+354.9%), from €5,472 to €24,892
- Taxes +€4,171
up €4,171 (+230.8%), from €1,807 to €5,978
- Other operating charges +€789
up €789 (+668.7%), from €118 to €907
- Depreciation +€655
new in 2025: €655
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 | €64,970 | €120,061 | +€55,091 | +84.8% |
| Fixed assets | 21/28 | - | €41,508 | +€41,508 | |
| Tangible fixed assets | 22/27 | - | €41,508 | +€41,508 | |
| Furniture and vehicles | 24 | - | €41,508 | +€41,508 | |
| Current assets | 29/58 | €64,970 | €78,553 | +€13,583 | +20.9% |
| Amounts receivable within one year | 40/41 | €10,424 | €25,024 | +€14,600 | +140.1% |
| Trade receivables | 40 | €4,731 | €16,261 | +€11,529 | +243.7% |
| Other amounts receivable | 41 | €5,693 | €8,764 | +€3,071 | +53.9% |
| Cash at bank and in hand | 54/58 | €54,410 | €53,326 | -€1,084 | -2.0% |
| Deferred charges and accrued income | 490/1 | €136 | €203 | +€67 | +49.2% |
| Total equity and liabilities | 10/49 | €64,970 | €120,061 | +€55,091 | +84.8% |
| Equity | 10/15 | €63,726 | €80,887 | +€17,160 | +26.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,591 | €48,751 | +€17,160 | +54.3% |
| Distributable reserves | 133 | €31,591 | €48,751 | +€17,160 | +54.3% |
| Profit (loss) carried forward | 14 | €27,135 | €27,135 | = | 0.0% |
| Amounts payable | 17/49 | €1,243 | €39,174 | +€37,931 | +3050.4% |
| Amounts payable after more than one year | 17 | - | €28,450 | +€28,450 | |
| Financial debts | 170/4 | - | €28,450 | +€28,450 | |
| Amounts payable within one year | 42/48 | €1,243 | €10,724 | +€9,481 | +762.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,550 | +€6,550 | |
| Trade debts | 44 | €90 | €255 | +€165 | +183.0% |
| Suppliers | 440/4 | €90 | €255 | +€165 | +183.0% |
| Taxes, remuneration and social security | 45 | €468 | €1,652 | +€1,184 | +253.2% |
| Taxes | 450/3 | €468 | €1,652 | +€1,184 | +253.2% |
| Other amounts payable | 47/48 | €686 | €2,267 | +€1,582 | +230.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €655 | +€655 | |
| Other operating charges | 640/8 | €118 | €907 | +€789 | +668.7% |
| Gross operating margin | 9900 | €5,472 | €24,892 | +€19,419 | +354.9% |
| Operating profit (loss) | 9901 | €5,354 | €23,330 | +€17,975 | +335.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €47 | €192 | +€145 | +308.8% |
| Recurring financial charges | 65 | €47 | €192 | +€145 | +308.8% |
| Profit (loss) for the period before taxes | 9903 | €5,307 | €23,138 | +€17,831 | +336.0% |
| Income taxes | 67/77 | €1,807 | €5,978 | +€4,171 | +230.8% |
| Profit (loss) for the period | 9904 | €3,500 | €17,160 | +€13,660 | +390.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,500 | €17,160 | +€13,660 | +390.2% |
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 7 October 2026 via checked.be.