Activate Kine: 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.
Activate Kine
Largest movements
- Deferred charges and accrued income +€11,991
up €11,991 (+690%), from €1,737 to €13,729
- Receivables within one year -€5,596
down €5,596 (-43.0%), from €13,001 to €7,405
of which Other amounts receivable: -€4,708
- Tangible fixed assets -€5,492
down €5,492 (-14.0%), from €39,154 to €33,661
of which Plant, machinery and equipment: -€9,860
- Cash +€4,472
up €4,472 (+6.8%), from €65,721 to €70,193
mainly Net result for the year (+€16,387) and Depreciation (+€15,673)
- Accrued charges and deferred income +€14,801
up €14,801 (+25,176%), from €59 to €14,860
- Trade debts -€4,164
down €4,164 (-25.0%), from €16,689 to €12,525
- Short-term financial debts -€3,805
down €3,805 (-74.9%), from €5,083 to €1,278
- Reserves -€3,613
down €3,613 (-4.7%), from €76,183 to €72,570
- Other debts +€3,181
up €3,181 (+15.9%), from €19,993 to €23,174
- Gross operating margin -€3,000
down €3,000 (-6.4%), from €47,187 to €44,187
- Depreciation -€805
down €805 (-4.9%), from €16,478 to €15,673
- Taxes -€627
down €627 (-10.7%), from €5,841 to €5,214
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 | €125,783 | €130,607 | +€4,823 | +3.8% |
| Fixed assets | 21/28 | €39,154 | €33,661 | -€5,492 | -14.0% |
| Tangible fixed assets | 22/27 | €39,154 | €33,661 | -€5,492 | -14.0% |
| Land and buildings | 22 | €8,937 | €12,686 | +€3,749 | +41.9% |
| Plant, machinery and equipment | 23 | €28,079 | €18,219 | -€9,860 | -35.1% |
| Furniture and vehicles | 24 | €2,138 | €2,757 | +€619 | +29.0% |
| Current assets | 29/58 | €86,630 | €96,945 | +€10,315 | +11.9% |
| Stocks and contracts in progress | 3 | €6,170 | €5,618 | -€552 | -8.9% |
| Stocks | 30/36 | €6,170 | €5,618 | -€552 | -8.9% |
| Amounts receivable within one year | 40/41 | €13,001 | €7,405 | -€5,596 | -43.0% |
| Trade receivables | 40 | €3,388 | €2,500 | -€888 | -26.2% |
| Other amounts receivable | 41 | €9,613 | €4,905 | -€4,708 | -49.0% |
| Cash at bank and in hand | 54/58 | €65,721 | €70,193 | +€4,472 | +6.8% |
| Deferred charges and accrued income | 490/1 | €1,737 | €13,729 | +€11,991 | +690% |
| Total equity and liabilities | 10/49 | €125,783 | €130,607 | +€4,823 | +3.8% |
| Equity | 10/15 | €82,383 | €78,770 | -€3,613 | -4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €76,183 | €72,570 | -€3,613 | -4.7% |
| Distributable reserves | 133 | €76,183 | €72,570 | -€3,613 | -4.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,401 | €51,836 | +€8,436 | +19.4% |
| Amounts payable after more than one year | 17 | €1,278 | €0 | -€1,278 | -100% |
| Financial debts | 170/4 | €1,278 | €0 | -€1,278 | -100% |
| Amounts payable within one year | 42/48 | €42,063 | €36,976 | -€5,087 | -12.1% |
| Financial debts | 43 | €5,083 | €1,278 | -€3,805 | -74.9% |
| Credit institutions | 430/8 | €5,083 | €1,278 | -€3,805 | -74.9% |
| Trade debts | 44 | €16,689 | €12,525 | -€4,164 | -25.0% |
| Suppliers | 440/4 | €16,689 | €12,525 | -€4,164 | -25.0% |
| Taxes, remuneration and social security | 45 | €299 | €0 | -€299 | -100% |
| Taxes | 450/3 | €299 | €0 | -€299 | -100% |
| Other amounts payable | 47/48 | €19,993 | €23,174 | +€3,181 | +15.9% |
| Accrued charges and deferred income | 492/3 | €59 | €14,860 | +€14,801 | +25,176% |
| Non-recurring operating income | 76A | - | €69 | +€69 | |
| Remuneration, social security and pensions | 62 | €4,930 | €4,731 | -€198 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,478 | €15,673 | -€805 | -4.9% |
| Other operating charges | 640/8 | €797 | €948 | +€152 | +19.0% |
| Gross operating margin | 9900 | €47,187 | €44,187 | -€3,000 | -6.4% |
| Operating profit (loss) | 9901 | €24,983 | €22,835 | -€2,148 | -8.6% |
| Financial income | 75/76B | €411 | €0 | -€411 | -100.0% |
| Recurring financial income | 75 | €411 | €0 | -€411 | -100.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,649 | €1,234 | -€414 | -25.1% |
| Recurring financial charges | 65 | €1,649 | €1,234 | -€414 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €23,746 | €21,601 | -€2,145 | -9.0% |
| Income taxes | 67/77 | €5,841 | €5,214 | -€627 | -10.7% |
| Profit (loss) for the period | 9904 | €17,905 | €16,387 | -€1,517 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,905 | €16,387 | -€1,517 | -8.5% |
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 14 October 2026 via checked.be.