B.M 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.
B.M KINE
Largest movements
- Receivables within one year -€9,712
down €9,712 (-35.2%), from €27,601 to €17,888
of which Trade receivables: -€4,975
- Cash +€5,867
up €5,867 (+121%), from €4,837 to €10,704
mainly Other debts (+€26,000) and Receivables within one year (+€9,712)
- Tangible fixed assets -€847
no longer reported in 2025 (was €847)
- Other debts +€26,000
new in 2025: €26,000
- Profit (loss) carried forward -€23,314
down €23,314 (-99.3%), from €23,472 to €158
- Current portion of long-term debt -€3,961
down €3,961 (-85.5%), from €4,635 to €674
- Tax, wage and social debts -€3,578
no longer reported in 2025 (was €3,578)
- Gross operating margin -€10,482
down €10,482 (-66.6%), from €15,728 to €5,246
- Depreciation -€2,153
down €2,153 (-67.2%), from €3,204 to €1,051
- Taxes -€1,672
down €1,672 (-60.6%), from €2,760 to €1,088
- Other operating charges -€385
down €385 (-32.3%), from €1,190 to €805
- Financial charges -€290
down €290 (-35.8%), from €809 to €519
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 | €34,254 | €29,370 | -€4,884 | -14.3% |
| Formation expenses | 20 | €204 | - | -€204 | |
| Fixed assets | 21/28 | €1,277 | €430 | -€847 | -66.3% |
| Tangible fixed assets | 22/27 | €847 | - | -€847 | |
| Furniture and vehicles | 24 | €847 | - | -€847 | |
| Financial fixed assets | 28 | €430 | €430 | = | 0.0% |
| Current assets | 29/58 | €32,773 | €28,940 | -€3,834 | -11.7% |
| Amounts receivable within one year | 40/41 | €27,601 | €17,888 | -€9,712 | -35.2% |
| Trade receivables | 40 | €4,975 | - | -€4,975 | |
| Other amounts receivable | 41 | €22,625 | €17,888 | -€4,737 | -20.9% |
| Cash at bank and in hand | 54/58 | €4,837 | €10,704 | +€5,867 | +121% |
| Deferred charges and accrued income | 490/1 | €336 | €347 | +€12 | +3.4% |
| Total equity and liabilities | 10/49 | €34,254 | €29,370 | -€4,884 | -14.3% |
| Equity | 10/15 | €25,972 | €2,658 | -€23,314 | -89.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,472 | €158 | -€23,314 | -99.3% |
| Amounts payable | 17/49 | €8,282 | €26,712 | +€18,430 | +223% |
| Amounts payable within one year | 42/48 | €8,282 | €26,712 | +€18,430 | +223% |
| Current portion of amounts payable after more than one year | 42 | €4,635 | €674 | -€3,961 | -85.5% |
| Trade debts | 44 | €70 | €38 | -€31 | -44.9% |
| Suppliers | 440/4 | €70 | €38 | -€31 | -44.9% |
| Taxes, remuneration and social security | 45 | €3,578 | - | -€3,578 | |
| Taxes | 450/3 | €3,578 | - | -€3,578 | |
| Other amounts payable | 47/48 | - | €26,000 | +€26,000 | |
| Remuneration, social security and pensions | 62 | €124 | - | -€124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,204 | €1,051 | -€2,153 | -67.2% |
| Other operating charges | 640/8 | €1,190 | €805 | -€385 | -32.3% |
| Gross operating margin | 9900 | €15,728 | €5,246 | -€10,482 | -66.6% |
| Operating profit (loss) | 9901 | €11,211 | €3,391 | -€7,820 | -69.8% |
| Financial income | 75/76B | €1,120 | €903 | -€218 | -19.4% |
| Recurring financial income | 75 | €1,120 | €903 | -€218 | -19.4% |
| Financial charges | 65/66B | €809 | €519 | -€290 | -35.8% |
| Recurring financial charges | 65 | €809 | €519 | -€290 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €11,522 | €3,774 | -€7,748 | -67.2% |
| Income taxes | 67/77 | €2,760 | €1,088 | -€1,672 | -60.6% |
| Profit (loss) for the period | 9904 | €8,762 | €2,686 | -€6,076 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,762 | €2,686 | -€6,076 | -69.3% |
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 22 October 2026 via checked.be.