MARBRERIE KINARD: 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.
MARBRERIE KINARD
Largest movements
- Stocks and contracts -€6,534
down €6,534 (-3.9%), from €167,662 to €161,128
- Receivables within one year -€4,409
down €4,409 (-14.9%), from €29,513 to €25,105
of which Trade receivables: -€4,241
- Other debts -€12,145
down €12,145 (-42.3%), from €28,732 to €16,587
- Profit (loss) carried forward +€6,096
up €6,096, from -€4,534 to €1,562
- Debts after one year -€4,028
down €4,028 (-47.8%), from €8,431 to €4,403
- Tax, wage and social debts -€3,602
down €3,602 (-72.7%), from €4,952 to €1,350
of which Remuneration and social security: -€2,460
- Staff costs +€17,958
up €17,958 (+37.3%), from €48,093 to €66,052
- Gross operating margin -€5,079
down €5,079 (-5.3%), from €95,257 to €90,179
- Other operating charges +€4,512
up €4,512 (+47.7%), from €9,451 to €13,963
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 | €311,945 | €301,561 | -€10,384 | -3.3% |
| Fixed assets | 21/28 | €66,475 | €64,045 | -€2,430 | -3.7% |
| Tangible fixed assets | 22/27 | €64,939 | €62,509 | -€2,430 | -3.7% |
| Land and buildings | 22 | €51,577 | €51,577 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €2,024 | +€2,024 | |
| Furniture and vehicles | 24 | €13,361 | €8,908 | -€4,454 | -33.3% |
| Financial fixed assets | 28 | €1,537 | €1,537 | = | 0.0% |
| Current assets | 29/58 | €245,470 | €237,516 | -€7,955 | -3.2% |
| Stocks and contracts in progress | 3 | €167,662 | €161,128 | -€6,534 | -3.9% |
| Stocks | 30/36 | €167,662 | €161,128 | -€6,534 | -3.9% |
| Amounts receivable within one year | 40/41 | €29,513 | €25,105 | -€4,409 | -14.9% |
| Trade receivables | 40 | €29,271 | €25,030 | -€4,241 | -14.5% |
| Other amounts receivable | 41 | €243 | €75 | -€168 | -69.1% |
| Cash at bank and in hand | 54/58 | €46,312 | €48,948 | +€2,636 | +5.7% |
| Deferred charges and accrued income | 490/1 | €1,983 | €2,335 | +€351 | +17.7% |
| Total equity and liabilities | 10/49 | €311,945 | €301,561 | -€10,384 | -3.3% |
| Equity | 10/15 | €263,950 | €270,046 | +€6,096 | +2.3% |
| Contributions | 10/11 | €263,525 | €263,525 | = | 0.0% |
| Reserves | 13 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,534 | €1,562 | +€6,096 | |
| Amounts payable | 17/49 | €47,996 | €31,515 | -€16,480 | -34.3% |
| Amounts payable after more than one year | 17 | €8,431 | €4,403 | -€4,028 | -47.8% |
| Financial debts | 170/4 | €8,431 | €4,403 | -€4,028 | -47.8% |
| Amounts payable within one year | 42/48 | €39,564 | €27,112 | -€12,452 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €3,675 | €3,919 | +€244 | +6.6% |
| Trade debts | 44 | €2,205 | €5,256 | +€3,051 | +138% |
| Suppliers | 440/4 | €2,205 | €5,256 | +€3,051 | +138% |
| Taxes, remuneration and social security | 45 | €4,952 | €1,350 | -€3,602 | -72.7% |
| Taxes | 450/3 | €2,492 | €1,350 | -€1,142 | -45.8% |
| Remuneration and social security | 454/9 | €2,460 | - | -€2,460 | |
| Other amounts payable | 47/48 | €28,732 | €16,587 | -€12,145 | -42.3% |
| Non-recurring operating income | 76A | - | €20 | +€20 | |
| Remuneration, social security and pensions | 62 | €48,093 | €66,052 | +€17,958 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,454 | €4,960 | +€506 | +11.4% |
| Other operating charges | 640/8 | €9,451 | €13,963 | +€4,512 | +47.7% |
| Non-recurring operating charges | 66A | €886 | - | -€886 | |
| Gross operating margin | 9900 | €95,257 | €90,179 | -€5,079 | -5.3% |
| Operating profit (loss) | 9901 | €32,373 | €5,204 | -€27,169 | -83.9% |
| Financial income | 75/76B | €1,699 | €2,575 | +€876 | +51.6% |
| Recurring financial income | 75 | €1,699 | €2,575 | +€876 | +51.6% |
| Financial charges | 65/66B | €901 | €1,542 | +€641 | +71.1% |
| Recurring financial charges | 65 | €901 | €1,542 | +€641 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €33,171 | €6,237 | -€26,934 | -81.2% |
| Income taxes | 67/77 | €252 | €141 | -€112 | -44.2% |
| Profit (loss) for the period | 9904 | €32,919 | €6,096 | -€26,823 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,919 | €6,096 | -€26,823 | -81.5% |
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 30 October 2026 via checked.be.