KINVESTA: 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.
KINVESTA
Largest movements
- Tangible fixed assets -€36,263
down €36,263 (-13.2%), from €275,463 to €239,201
of which Land and buildings: -€22,661
- Receivables within one year +€24,088
up €24,088 (+46.8%), from €51,427 to €75,515
of which Trade receivables: +€31,128
- Cash -€11,993
down €11,993 (-54.2%), from €22,134 to €10,140
mainly Receivables within one year (-€24,088) and Debts after one year (-€18,225)
- Debts after one year -€18,225
down €18,225 (-5.0%), from €364,562 to €346,337
- Profit (loss) carried forward -€14,476
down €14,476 (-18.9%), from -€76,575 to -€91,051
- Trade debts +€6,723
up €6,723 (+102%), from €6,617 to €13,340
- Tax, wage and social debts +€5,661
up €5,661 (+27.0%), from €20,988 to €26,648
of which Remuneration and social security: +€8,723
- Staff costs -€50,454
down €50,454 (-35.3%), from €142,776 to €92,322
- Gross operating margin -€44,642
down €44,642 (-27.0%), from €165,374 to €120,732
- Financial income -€17,433
no longer reported in 2025 (was €17,433)
of which Financial income: -€17,433
- Other operating charges +€2,691
up €2,691 (+330%), from €816 to €3,507
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 | €349,024 | €324,856 | -€24,168 | -6.9% |
| Fixed assets | 21/28 | €275,463 | €239,201 | -€36,263 | -13.2% |
| Tangible fixed assets | 22/27 | €275,463 | €239,201 | -€36,263 | -13.2% |
| Land and buildings | 22 | €235,735 | €213,074 | -€22,661 | -9.6% |
| Plant, machinery and equipment | 23 | €4,621 | €2,510 | -€2,111 | -45.7% |
| Furniture and vehicles | 24 | €35,108 | €23,617 | -€11,492 | -32.7% |
| Current assets | 29/58 | €73,560 | €85,655 | +€12,095 | +16.4% |
| Amounts receivable within one year | 40/41 | €51,427 | €75,515 | +€24,088 | +46.8% |
| Trade receivables | 40 | €23,588 | €54,716 | +€31,128 | +132% |
| Other amounts receivable | 41 | €27,839 | €20,799 | -€7,040 | -25.3% |
| Cash at bank and in hand | 54/58 | €22,134 | €10,140 | -€11,993 | -54.2% |
| Total equity and liabilities | 10/49 | €349,024 | €324,856 | -€24,168 | -6.9% |
| Equity | 10/15 | -€66,765 | -€81,241 | -€14,476 | -21.7% |
| Contributions | 10/11 | €7,950 | €7,950 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,575 | -€91,051 | -€14,476 | -18.9% |
| Amounts payable | 17/49 | €415,789 | €406,097 | -€9,692 | -2.3% |
| Amounts payable after more than one year | 17 | €364,562 | €346,337 | -€18,225 | -5.0% |
| Financial debts | 170/4 | €364,562 | €346,337 | -€18,225 | -5.0% |
| Amounts payable within one year | 42/48 | €51,227 | €59,760 | +€8,533 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €20,341 | €18,225 | -€2,116 | -10.4% |
| Trade debts | 44 | €6,617 | €13,340 | +€6,723 | +102% |
| Suppliers | 440/4 | €6,617 | €13,340 | +€6,723 | +102% |
| Taxes, remuneration and social security | 45 | €20,988 | €26,648 | +€5,661 | +27.0% |
| Taxes | 450/3 | €16,507 | €13,444 | -€3,063 | -18.6% |
| Remuneration and social security | 454/9 | €4,481 | €13,204 | +€8,723 | +195% |
| Other amounts payable | 47/48 | €3,282 | €1,547 | -€1,735 | -52.9% |
| Remuneration, social security and pensions | 62 | €142,776 | €92,322 | -€50,454 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,975 | €36,263 | +€288 | +0.8% |
| Other operating charges | 640/8 | €816 | €3,507 | +€2,691 | +330% |
| Gross operating margin | 9900 | €165,374 | €120,732 | -€44,642 | -27.0% |
| Operating profit (loss) | 9901 | -€14,193 | -€11,360 | +€2,833 | +20.0% |
| Financial income | 75/76B | €17,433 | - | -€17,433 | |
| Recurring financial income | 75 | €17,433 | - | -€17,433 | |
| Non-recurring financial income | 76B | €17,433 | - | -€17,433 | |
| Financial charges | 65/66B | €3,870 | €2,941 | -€929 | -24.0% |
| Recurring financial charges | 65 | €3,870 | €2,941 | -€929 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | -€630 | -€14,301 | -€13,672 | -2,172% |
| Income taxes | 67/77 | €181 | €174 | -€6 | -3.4% |
| Profit (loss) for the period | 9904 | -€810 | -€14,476 | -€13,666 | -1,687% |
| Profit (loss) for the period to be appropriated | 9905 | -€810 | -€14,476 | -€13,666 | -1,687% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.