Kintsukuroi: 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.
Kintsukuroi
Largest movements
- Current investments -€65,996
down €65,996 (-86.4%), from €76,396 to €10,400
- Tangible fixed assets +€33,853
up €33,853 (+192%), from €17,625 to €51,478
of which Furniture and vehicles: +€37,159
- Cash -€1,763
down €1,763 (-7.1%), from €24,998 to €23,235
mainly Contributions, distributions and other (-€116,600) and Other debts (-€73,212)
- Other debts -€73,212
down €73,212 (-64.0%), from €114,306 to €41,094
- Profit (loss) carried forward +€18,518
new in 2025: €18,518
- Debts after one year +€13,299
new in 2025: €13,299
- Short-term financial debts +€5,406
new in 2025: €5,406
- Gross operating margin +€29,711
up €29,711 (+19.0%), from €156,513 to €186,224
- Depreciation +€11,380
up €11,380 (+169%), from €6,745 to €18,125
- Financial income +€8,389
up €8,389 (+1,440%), from €583 to €8,971
- Other operating charges +€4,836
up €4,836 (+697%), from €694 to €5,530
- Taxes -€4,127
down €4,127 (-10.5%), from €39,327 to €35,201
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 | €135,698 | €100,609 | -€35,089 | -25.9% |
| Fixed assets | 21/28 | €17,625 | €51,478 | +€33,853 | +192% |
| Tangible fixed assets | 22/27 | €17,625 | €51,478 | +€33,853 | +192% |
| Furniture and vehicles | 24 | €11,892 | €49,051 | +€37,159 | +312% |
| Other tangible fixed assets | 26 | €5,733 | €2,427 | -€3,306 | -57.7% |
| Current assets | 29/58 | €118,073 | €49,131 | -€68,942 | -58.4% |
| Amounts receivable after more than one year | 29 | €9,000 | €9,000 | = | 0.0% |
| Other amounts receivable | 291 | €9,000 | €9,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,631 | €6,000 | -€631 | -9.5% |
| Trade receivables | 40 | €8 | - | -€8 | |
| Other amounts receivable | 41 | €6,623 | €6,000 | -€623 | -9.4% |
| Current investments | 50/53 | €76,396 | €10,400 | -€65,996 | -86.4% |
| Cash at bank and in hand | 54/58 | €24,998 | €23,235 | -€1,763 | -7.1% |
| Deferred charges and accrued income | 490/1 | €1,048 | €496 | -€552 | -52.7% |
| Total equity and liabilities | 10/49 | €135,698 | €100,609 | -€35,089 | -25.9% |
| Equity | 10/15 | €2,500 | €21,018 | +€18,518 | +741% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €18,518 | +€18,518 | |
| Amounts payable | 17/49 | €133,198 | €79,591 | -€53,607 | -40.2% |
| Amounts payable after more than one year | 17 | - | €13,299 | +€13,299 | |
| Financial debts | 170/4 | - | €13,299 | +€13,299 | |
| Amounts payable within one year | 42/48 | €133,198 | €66,291 | -€66,907 | -50.2% |
| Financial debts | 43 | - | €5,406 | +€5,406 | |
| Other loans | 439 | - | €5,406 | +€5,406 | |
| Trade debts | 44 | €702 | €1,424 | +€723 | +103% |
| Suppliers | 440/4 | €702 | €1,424 | +€723 | +103% |
| Taxes, remuneration and social security | 45 | €18,190 | €18,367 | +€177 | +1.0% |
| Taxes | 450/3 | €18,190 | €17,229 | -€961 | -5.3% |
| Remuneration and social security | 454/9 | €0 | €1,138 | +€1,138 | |
| Other amounts payable | 47/48 | €114,306 | €41,094 | -€73,212 | -64.0% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,745 | €18,125 | +€11,380 | +169% |
| Other operating charges | 640/8 | €694 | €5,530 | +€4,836 | +697% |
| Gross operating margin | 9900 | €156,513 | €186,224 | +€29,711 | +19.0% |
| Operating profit (loss) | 9901 | €149,074 | €162,570 | +€13,496 | +9.1% |
| Financial income | 75/76B | €583 | €8,971 | +€8,389 | +1,440% |
| Recurring financial income | 75 | €583 | €8,971 | +€8,389 | +1,440% |
| Financial charges | 65/66B | €97 | €1,222 | +€1,125 | +1,156% |
| Recurring financial charges | 65 | €97 | €1,222 | +€1,125 | +1,156% |
| Profit (loss) for the period before taxes | 9903 | €149,559 | €170,319 | +€20,760 | +13.9% |
| Income taxes | 67/77 | €39,327 | €35,201 | -€4,127 | -10.5% |
| Profit (loss) for the period | 9904 | €110,232 | €135,118 | +€24,886 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €110,232 | €135,118 | +€24,886 | +22.6% |
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 21 October 2026 via checked.be.