KYNTHELIG: 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.
KYNTHELIG
Largest movements
- Current investments -€102,238
down €102,238 (-50.6%), from €201,995 to €99,756
- Cash +€89,478
up €89,478 (+557%), from €16,077 to €105,555
mainly Current investments (+€102,238) and Receivables within one year (+€7,114)
- Receivables within one year -€7,114
down €7,114 (-20.9%), from €33,968 to €26,854
of which Trade receivables: -€14,663
- Tangible fixed assets -€5,246
down €5,246 (-78.8%), from €6,656 to €1,410
of which Furniture and vehicles: -€4,833
- Profit (loss) carried forward -€25,115
down €25,115 (-57.3%), from -€43,831 to -€68,946
- Gross operating margin -€34,074
down €34,074, from €10,115 to -€23,958
- Financial income +€4,001
up €4,001 (+126%), from €3,187 to €7,188
- Depreciation -€3,132
down €3,132 (-32.8%), from €9,543 to €6,411
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 | €259,771 | €234,673 | -€25,098 | -9.7% |
| Fixed assets | 21/28 | €6,656 | €1,410 | -€5,246 | -78.8% |
| Tangible fixed assets | 22/27 | €6,656 | €1,410 | -€5,246 | -78.8% |
| Plant, machinery and equipment | 23 | €883 | €470 | -€413 | -46.8% |
| Furniture and vehicles | 24 | €5,773 | €940 | -€4,833 | -83.7% |
| Current assets | 29/58 | €253,115 | €233,262 | -€19,852 | -7.8% |
| Amounts receivable within one year | 40/41 | €33,968 | €26,854 | -€7,114 | -20.9% |
| Trade receivables | 40 | €16,780 | €2,118 | -€14,663 | -87.4% |
| Other amounts receivable | 41 | €17,188 | €24,737 | +€7,549 | +43.9% |
| Current investments | 50/53 | €201,995 | €99,756 | -€102,238 | -50.6% |
| Cash at bank and in hand | 54/58 | €16,077 | €105,555 | +€89,478 | +557% |
| Deferred charges and accrued income | 490/1 | €1,075 | €1,097 | +€22 | +2.1% |
| Total equity and liabilities | 10/49 | €259,771 | €234,673 | -€25,098 | -9.7% |
| Equity | 10/15 | €255,409 | €230,294 | -€25,115 | -9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €280,640 | €280,640 | = | 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% |
| Distributable reserves | 133 | €278,780 | €278,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,831 | -€68,946 | -€25,115 | -57.3% |
| Amounts payable | 17/49 | €4,361 | €4,379 | +€17 | +0.4% |
| Amounts payable within one year | 42/48 | €4,361 | €4,379 | +€17 | +0.4% |
| Trade debts | 44 | €1,376 | €2,210 | +€834 | +60.6% |
| Suppliers | 440/4 | €1,376 | €2,210 | +€834 | +60.6% |
| Taxes, remuneration and social security | 45 | €2,985 | €2,169 | -€817 | -27.4% |
| Taxes | 450/3 | €2,985 | €2,169 | -€817 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,543 | €6,411 | -€3,132 | -32.8% |
| Other operating charges | 640/8 | €1,254 | €1,219 | -€36 | -2.8% |
| Gross operating margin | 9900 | €10,115 | -€23,958 | -€34,074 | |
| Operating profit (loss) | 9901 | -€682 | -€31,588 | -€30,906 | -4,532% |
| Financial income | 75/76B | €3,187 | €7,188 | +€4,001 | +126% |
| Recurring financial income | 75 | €3,187 | €7,188 | +€4,001 | +126% |
| Financial charges | 65/66B | €107 | €104 | -€3 | -2.8% |
| Recurring financial charges | 65 | €107 | €104 | -€3 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €2,399 | -€24,504 | -€26,902 | |
| Income taxes | 67/77 | €527 | €612 | +€84 | +16.0% |
| Profit (loss) for the period | 9904 | €1,871 | -€25,115 | -€26,987 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,871 | -€25,115 | -€26,987 |
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 23 October 2026 via checked.be.