KYNDT: 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.
KYNDT
Largest movements
- Cash +€72,757
up €72,757 (+19.2%), from €379,680 to €452,438
mainly Net result for the year (+€52,254) and Depreciation (+€40,017)
- Stocks and contracts -€19,831
down €19,831 (-46.9%), from €42,268 to €22,436
- Receivables within one year +€10,566
up €10,566 (+10.3%), from €102,471 to €113,037
of which Trade receivables: +€35,621
- Tangible fixed assets +€10,238
up €10,238 (+5.3%), from €193,250 to €203,488
of which Land and buildings: +€20,203
- Reserves +€52,254
up €52,254 (+9.1%), from €577,337 to €629,591
of which Distributable reserves: +€52,254
- Trade debts +€17,898
up €17,898 (+25.7%), from €69,511 to €87,409
- Staff costs -€43,521
down €43,521 (-12.2%), from €356,618 to €313,097
- Gross operating margin +€22,506
up €22,506 (+5.2%), from €436,946 to €459,452
- Taxes +€15,082
up €15,082 (+161%), from €9,373 to €24,455
- Financial income -€6,008
down €6,008 (-86.6%), from €6,938 to €930
of which Financial income: -€4,824
- Depreciation +€4,872
up €4,872 (+13.9%), from €35,145 to €40,017
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 | €817,130 | €886,243 | +€69,112 | +8.5% |
| Fixed assets | 21/28 | €272,054 | €283,069 | +€11,015 | +4.0% |
| Tangible fixed assets | 22/27 | €193,250 | €203,488 | +€10,238 | +5.3% |
| Land and buildings | 22 | €105,392 | €125,595 | +€20,203 | +19.2% |
| Plant, machinery and equipment | 23 | €40,389 | €38,083 | -€2,305 | -5.7% |
| Furniture and vehicles | 24 | €47,469 | €39,810 | -€7,659 | -16.1% |
| Financial fixed assets | 28 | €78,803 | €79,581 | +€777 | +1.0% |
| Current assets | 29/58 | €545,076 | €603,173 | +€58,097 | +10.7% |
| Stocks and contracts in progress | 3 | €42,268 | €22,436 | -€19,831 | -46.9% |
| Stocks | 30/36 | €42,268 | €22,436 | -€19,831 | -46.9% |
| Amounts receivable within one year | 40/41 | €102,471 | €113,037 | +€10,566 | +10.3% |
| Trade receivables | 40 | €36,117 | €71,738 | +€35,621 | +98.6% |
| Other amounts receivable | 41 | €66,354 | €41,299 | -€25,055 | -37.8% |
| Cash at bank and in hand | 54/58 | €379,680 | €452,438 | +€72,757 | +19.2% |
| Deferred charges and accrued income | 490/1 | €20,658 | €15,262 | -€5,395 | -26.1% |
| Total equity and liabilities | 10/49 | €817,130 | €886,243 | +€69,112 | +8.5% |
| Equity | 10/15 | €589,737 | €641,991 | +€52,254 | +8.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €577,337 | €629,591 | +€52,254 | +9.1% |
| Non-distributable reserves | 130/1 | €8,565 | €8,565 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,565 | €8,565 | = | 0.0% |
| Distributable reserves | 133 | €568,772 | €621,026 | +€52,254 | +9.2% |
| Amounts payable | 17/49 | €227,393 | €244,251 | +€16,858 | +7.4% |
| Amounts payable within one year | 42/48 | €227,393 | €244,251 | +€16,858 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €4,052 | - | -€4,052 | |
| Trade debts | 44 | €69,511 | €87,409 | +€17,898 | +25.7% |
| Suppliers | 440/4 | €69,511 | €87,409 | +€17,898 | +25.7% |
| Taxes, remuneration and social security | 45 | €101,919 | €108,001 | +€6,082 | +6.0% |
| Taxes | 450/3 | €61,047 | €68,438 | +€7,391 | +12.1% |
| Remuneration and social security | 454/9 | €40,872 | €39,563 | -€1,309 | -3.2% |
| Other amounts payable | 47/48 | €51,913 | €48,842 | -€3,071 | -5.9% |
| Remuneration, social security and pensions | 62 | €356,618 | €313,097 | -€43,521 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,145 | €40,017 | +€4,872 | +13.9% |
| Other operating charges | 640/8 | €17,704 | €21,344 | +€3,641 | +20.6% |
| Non-recurring operating charges | 66A | €1,098 | €316 | -€782 | -71.2% |
| Gross operating margin | 9900 | €436,946 | €459,452 | +€22,506 | +5.2% |
| Operating profit (loss) | 9901 | €26,382 | €84,677 | +€58,296 | +221% |
| Financial income | 75/76B | €6,938 | €930 | -€6,008 | -86.6% |
| Recurring financial income | 75 | €5,754 | €930 | -€4,824 | -83.8% |
| Non-recurring financial income | 76B | €1,184 | - | -€1,184 | |
| Financial charges | 65/66B | €8,167 | €8,898 | +€731 | +9.0% |
| Recurring financial charges | 65 | €8,167 | €8,898 | +€731 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €25,152 | €76,709 | +€51,557 | +205% |
| Income taxes | 67/77 | €9,373 | €24,455 | +€15,082 | +161% |
| Profit (loss) for the period | 9904 | €15,779 | €52,254 | +€36,475 | +231% |
| Profit (loss) for the period to be appropriated | 9905 | €15,779 | €52,254 | +€36,475 | +231% |
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 15 October 2026 via checked.be.