AD 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.
AD KINE
Largest movements
- Cash +€18,754
up €18,754 (+101%), from €18,502 to €37,256
mainly Net result for the year (+€25,015) and Tax, wage and social debts (+€1,716)
- Receivables within one year +€7,416
up €7,416 (+17.6%), from €42,230 to €49,646
- Profit (loss) carried forward +€25,015
up €25,015 (+50.8%), from €49,269 to €74,284
- Tax, wage and social debts +€1,716
up €1,716 (+22.1%), from €7,762 to €9,477
- Gross operating margin +€7,800
up €7,800 (+31.7%), from €24,618 to €32,419
- Taxes +€1,812
up €1,812 (+36.3%), from €4,992 to €6,804
- Depreciation -€1,203
down €1,203 (-100%), from €1,203 to €0
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 | €60,963 | €87,102 | +€26,140 | +42.9% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €60,963 | €87,102 | +€26,140 | +42.9% |
| Amounts receivable within one year | 40/41 | €42,230 | €49,646 | +€7,416 | +17.6% |
| Other amounts receivable | 41 | €42,230 | €49,646 | +€7,416 | +17.6% |
| Cash at bank and in hand | 54/58 | €18,502 | €37,256 | +€18,754 | +101% |
| Deferred charges and accrued income | 490/1 | €230 | €200 | -€30 | -13.0% |
| Total equity and liabilities | 10/49 | €60,963 | €87,102 | +€26,140 | +42.9% |
| Equity | 10/15 | €52,269 | €77,284 | +€25,015 | +47.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,269 | €74,284 | +€25,015 | +50.8% |
| Amounts payable | 17/49 | €8,693 | €9,818 | +€1,124 | +12.9% |
| Amounts payable within one year | 42/48 | €8,093 | €9,818 | +€1,725 | +21.3% |
| Trade debts | 44 | €332 | €341 | +€9 | +2.7% |
| Suppliers | 440/4 | €332 | €341 | +€9 | +2.7% |
| Taxes, remuneration and social security | 45 | €7,762 | €9,477 | +€1,716 | +22.1% |
| Taxes | 450/3 | €7,762 | €9,477 | +€1,716 | +22.1% |
| Accrued charges and deferred income | 492/3 | €600 | €0 | -€600 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,203 | €0 | -€1,203 | -100% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €24,618 | €32,419 | +€7,800 | +31.7% |
| Operating profit (loss) | 9901 | €23,028 | €32,019 | +€8,991 | +39.0% |
| Financial charges | 65/66B | €6 | €199 | +€193 | +3,114% |
| Recurring financial charges | 65 | €6 | €199 | +€193 | +3,114% |
| Profit (loss) for the period before taxes | 9903 | €23,022 | €31,820 | +€8,798 | +38.2% |
| Income taxes | 67/77 | €4,992 | €6,804 | +€1,812 | +36.3% |
| Profit (loss) for the period | 9904 | €18,030 | €25,015 | +€6,985 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,030 | €25,015 | +€6,985 | +38.7% |
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 18 October 2026 via checked.be.