BENOIT SEGHERS KINEOS: 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.
BENOIT SEGHERS KINEOS
Largest movements
- Cash +€42,891
up €42,891 (+117%), from €36,572 to €79,463
mainly Net result for the year (+€29,283) and Depreciation (+€16,633)
- Tangible fixed assets -€12,292
down €12,292 (-22.6%), from €54,453 to €42,161
- Receivables within one year -€6,163
down €6,163 (-55.3%), from €11,146 to €4,983
of which Other amounts receivable: -€6,674
- Reserves +€28,500
up €28,500 (+53.4%), from €53,360 to €81,860
- Other debts +€6,457
up €6,457 (+1,074%), from €601 to €7,059
- Debts after one year -€5,390
down €5,390 (-58.8%), from €9,168 to €3,778
- Current portion of long-term debt -€4,641
down €4,641 (-46.3%), from €10,030 to €5,390
- Trade debts -€3,283
down €3,283 (-90.4%), from €3,631 to €349
- Gross operating margin +€23,563
up €23,563 (+64.1%), from €36,761 to €60,323
- Taxes +€6,099
up €6,099 (+91.0%), from €6,703 to €12,802
- Depreciation +€885
up €885 (+5.6%), from €15,749 to €16,633
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 | €105,759 | €130,129 | +€24,370 | +23.0% |
| Fixed assets | 21/28 | €54,853 | €42,216 | -€12,637 | -23.0% |
| Intangible fixed assets | 21 | €400 | €55 | -€346 | -86.3% |
| Tangible fixed assets | 22/27 | €54,453 | €42,161 | -€12,292 | -22.6% |
| Plant, machinery and equipment | 23 | €13,369 | €8,918 | -€4,451 | -33.3% |
| Furniture and vehicles | 24 | €12,618 | €9,885 | -€2,732 | -21.7% |
| Other tangible fixed assets | 26 | €28,466 | €23,357 | -€5,109 | -17.9% |
| Current assets | 29/58 | €50,906 | €87,913 | +€37,008 | +72.7% |
| Amounts receivable within one year | 40/41 | €11,146 | €4,983 | -€6,163 | -55.3% |
| Trade receivables | 40 | €4,472 | €4,983 | +€512 | +11.4% |
| Other amounts receivable | 41 | €6,674 | - | -€6,674 | |
| Cash at bank and in hand | 54/58 | €36,572 | €79,463 | +€42,891 | +117% |
| Deferred charges and accrued income | 490/1 | €3,187 | €3,467 | +€279 | +8.8% |
| Total equity and liabilities | 10/49 | €105,759 | €130,129 | +€24,370 | +23.0% |
| Equity | 10/15 | €82,070 | €110,494 | +€28,424 | +34.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €53,360 | €81,860 | +€28,500 | +53.4% |
| Distributable reserves | 133 | €53,360 | €81,860 | +€28,500 | +53.4% |
| Profit (loss) carried forward | 14 | €16,310 | €16,234 | -€76 | -0.5% |
| Amounts payable | 17/49 | €23,689 | €19,635 | -€4,053 | -17.1% |
| Amounts payable after more than one year | 17 | €9,168 | €3,778 | -€5,390 | -58.8% |
| Financial debts | 170/4 | €9,168 | €3,778 | -€5,390 | -58.8% |
| Amounts payable within one year | 42/48 | €14,521 | €15,857 | +€1,336 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €10,030 | €5,390 | -€4,641 | -46.3% |
| Trade debts | 44 | €3,631 | €349 | -€3,283 | -90.4% |
| Suppliers | 440/4 | €3,631 | €349 | -€3,283 | -90.4% |
| Taxes, remuneration and social security | 45 | €258 | €3,060 | +€2,802 | +1,087% |
| Taxes | 450/3 | €258 | €3,060 | +€2,802 | +1,087% |
| Other amounts payable | 47/48 | €601 | €7,059 | +€6,457 | +1,074% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,749 | €16,633 | +€885 | +5.6% |
| Other operating charges | 640/8 | €1,226 | €1,173 | -€53 | -4.3% |
| Gross operating margin | 9900 | €36,761 | €60,323 | +€23,563 | +64.1% |
| Operating profit (loss) | 9901 | €19,786 | €42,517 | +€22,731 | +115% |
| Financial income | 75/76B | €27 | €1 | -€27 | -97.8% |
| Recurring financial income | 75 | €27 | €1 | -€27 | -97.8% |
| Financial charges | 65/66B | €682 | €433 | -€249 | -36.5% |
| Recurring financial charges | 65 | €682 | €433 | -€249 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €19,131 | €42,085 | +€22,953 | +120% |
| Income taxes | 67/77 | €6,703 | €12,802 | +€6,099 | +91.0% |
| Profit (loss) for the period | 9904 | €12,429 | €29,283 | +€16,854 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €12,429 | €29,283 | +€16,854 | +136% |
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 26 October 2026 via checked.be.