'T KINDT: 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.
'T KINDT
Largest movements
- Receivables within one year +€76,807
up €76,807 (+17.6%), from €435,943 to €512,750
of which Trade receivables: +€74,422
- Tangible fixed assets -€34,754
down €34,754 (-6.0%), from €580,271 to €545,517
of which Land and buildings: -€34,935
- Current investments +€27,856
up €27,856 (+33.2%), from €83,913 to €111,769
- Cash -€17,345
down €17,345 (-5.5%), from €315,210 to €297,865
mainly Receivables within one year (-€76,807) and Debts after one year (-€37,038)
- Reserves +€64,140
up €64,140 (+16.0%), from €399,872 to €464,012
of which Distributable reserves: +€66,000
- Debts after one year -€37,038
down €37,038 (-13.3%), from €278,907 to €241,869
- Gross operating margin +€77,800
up €77,800 (+70.4%), from €110,435 to €188,235
- Taxes +€22,009
up €22,009 (+471%), from €4,670 to €26,679
- Depreciation -€15,773
down €15,773 (-27.6%), from €57,106 to €41,333
- Financial income -€4,474
down €4,474 (-17.2%), from €25,937 to €21,463
- Staff costs +€3,869
up €3,869 (+11.3%), from €34,288 to €38,157
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 | €1,449,759 | €1,496,112 | +€46,353 | +3.2% |
| Fixed assets | 21/28 | €580,271 | €545,517 | -€34,754 | -6.0% |
| Tangible fixed assets | 22/27 | €580,271 | €545,517 | -€34,754 | -6.0% |
| Land and buildings | 22 | €570,644 | €535,709 | -€34,935 | -6.1% |
| Plant, machinery and equipment | 23 | €8,321 | €4,062 | -€4,259 | -51.2% |
| Furniture and vehicles | 24 | €1,306 | €5,746 | +€4,440 | +340% |
| Current assets | 29/58 | €869,488 | €950,595 | +€81,107 | +9.3% |
| Stocks and contracts in progress | 3 | €34,422 | €28,211 | -€6,211 | -18.0% |
| Stocks | 30/36 | €34,422 | €28,211 | -€6,211 | -18.0% |
| Amounts receivable within one year | 40/41 | €435,943 | €512,750 | +€76,807 | +17.6% |
| Trade receivables | 40 | €139,998 | €214,420 | +€74,422 | +53.2% |
| Other amounts receivable | 41 | €295,945 | €298,330 | +€2,385 | +0.8% |
| Current investments | 50/53 | €83,913 | €111,769 | +€27,856 | +33.2% |
| Cash at bank and in hand | 54/58 | €315,210 | €297,865 | -€17,345 | -5.5% |
| Total equity and liabilities | 10/49 | €1,449,759 | €1,496,112 | +€46,353 | +3.2% |
| Equity | 10/15 | €903,657 | €978,391 | +€74,734 | +8.3% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €399,872 | €464,012 | +€64,140 | +16.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €72,762 | €72,762 | = | 0.0% |
| Distributable reserves | 133 | €325,250 | €391,250 | +€66,000 | +20.3% |
| Profit (loss) carried forward | 14 | €485,185 | €493,919 | +€8,734 | +1.8% |
| Amounts payable | 17/49 | €546,102 | €517,721 | -€28,381 | -5.2% |
| Amounts payable after more than one year | 17 | €278,907 | €241,869 | -€37,038 | -13.3% |
| Financial debts | 170/4 | €278,907 | €241,869 | -€37,038 | -13.3% |
| Amounts payable within one year | 42/48 | €267,195 | €275,852 | +€8,657 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €44,239 | €37,037 | -€7,202 | -16.3% |
| Trade debts | 44 | €222,956 | €224,470 | +€1,514 | +0.7% |
| Suppliers | 440/4 | €222,956 | €224,470 | +€1,514 | +0.7% |
| Taxes, remuneration and social security | 45 | - | €14,345 | +€14,345 | |
| Taxes | 450/3 | - | €14,345 | +€14,345 | |
| Remuneration, social security and pensions | 62 | €34,288 | €38,157 | +€3,869 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,106 | €41,333 | -€15,773 | -27.6% |
| Other operating charges | 640/8 | €19,926 | €19,396 | -€530 | -2.7% |
| Gross operating margin | 9900 | €110,435 | €188,235 | +€77,800 | +70.4% |
| Operating profit (loss) | 9901 | -€885 | €89,349 | +€90,234 | |
| Financial income | 75/76B | €25,937 | €21,463 | -€4,474 | -17.2% |
| Recurring financial income | 75 | €25,937 | €21,463 | -€4,474 | -17.2% |
| Financial charges | 65/66B | €9,521 | €9,399 | -€122 | -1.3% |
| Recurring financial charges | 65 | €9,521 | €9,399 | -€122 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €15,531 | €101,413 | +€85,882 | +553% |
| Income taxes | 67/77 | €4,670 | €26,679 | +€22,009 | +471% |
| Profit (loss) for the period | 9904 | €10,861 | €74,734 | +€63,873 | +588% |
| Profit (loss) for the period to be appropriated | 9905 | €10,861 | €74,734 | +€63,873 | +588% |
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 20 October 2026 via checked.be.