BRIAN 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.
BRIAN KINE
Largest movements
- Cash +€26,854
up €26,854 (+40.7%), from €66,007 to €92,861
mainly Net result for the year (+€19,693) and Trade debts (+€10,491)
- Deferred charges and accrued income -€2,547
down €2,547 (-94.2%), from €2,703 to €156
- Tangible fixed assets -€1,694
down €1,694 (-26.7%), from €6,349 to €4,655
- Receivables within one year -€1,180
down €1,180 (-12.1%), from €9,773 to €8,593
of which Other amounts receivable: -€653
- Profit (loss) carried forward +€14,727
up €14,727 (+25.7%), from €57,257 to €71,984
- Trade debts +€10,491
up €10,491 (+2,708%), from €387 to €10,878
- Tax, wage and social debts -€9,680
down €9,680 (-90.0%), from €10,762 to €1,081
of which Taxes: -€9,680
- Other debts +€5,896
up €5,896 (+51.6%), from €11,426 to €17,321
- Gross operating margin -€53,131
down €53,131 (-65.6%), from €80,982 to €27,851
- Taxes -€15,680
down €15,680 (-75.5%), from €20,762 to €5,081
- Financial charges +€821
up €821 (+2,431%), from €34 to €854
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 | €84,831 | €106,265 | +€21,433 | +25.3% |
| Fixed assets | 21/28 | €6,349 | €4,655 | -€1,694 | -26.7% |
| Tangible fixed assets | 22/27 | €6,349 | €4,655 | -€1,694 | -26.7% |
| Furniture and vehicles | 24 | €6,349 | €4,655 | -€1,694 | -26.7% |
| Current assets | 29/58 | €78,482 | €101,610 | +€23,127 | +29.5% |
| Amounts receivable within one year | 40/41 | €9,773 | €8,593 | -€1,180 | -12.1% |
| Trade receivables | 40 | €9,120 | €8,593 | -€527 | -5.8% |
| Other amounts receivable | 41 | €653 | €0 | -€653 | -100% |
| Cash at bank and in hand | 54/58 | €66,007 | €92,861 | +€26,854 | +40.7% |
| Deferred charges and accrued income | 490/1 | €2,703 | €156 | -€2,547 | -94.2% |
| Total equity and liabilities | 10/49 | €84,831 | €106,265 | +€21,433 | +25.3% |
| Equity | 10/15 | €62,257 | €76,984 | +€14,727 | +23.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,257 | €71,984 | +€14,727 | +25.7% |
| Amounts payable | 17/49 | €22,575 | €29,281 | +€6,706 | +29.7% |
| Amounts payable within one year | 42/48 | €22,575 | €29,281 | +€6,706 | +29.7% |
| Trade debts | 44 | €387 | €10,878 | +€10,491 | +2,708% |
| Suppliers | 440/4 | €387 | €10,878 | +€10,491 | +2,708% |
| Taxes, remuneration and social security | 45 | €10,762 | €1,081 | -€9,680 | -90.0% |
| Taxes | 450/3 | €9,762 | €81 | -€9,680 | -99.2% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €11,426 | €17,321 | +€5,896 | +51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,121 | €1,694 | -€427 | -20.1% |
| Other operating charges | 640/8 | €628 | €528 | -€101 | -16.0% |
| Gross operating margin | 9900 | €80,982 | €27,851 | -€53,131 | -65.6% |
| Operating profit (loss) | 9901 | €78,233 | €25,629 | -€52,603 | -67.2% |
| Financial income | 75/76B | €653 | €0 | -€653 | -100% |
| Recurring financial income | 75 | €653 | €0 | -€653 | -100% |
| Financial charges | 65/66B | €34 | €854 | +€821 | +2,431% |
| Recurring financial charges | 65 | €34 | €854 | +€821 | +2,431% |
| Profit (loss) for the period before taxes | 9903 | €78,851 | €24,775 | -€54,077 | -68.6% |
| Income taxes | 67/77 | €20,762 | €5,081 | -€15,680 | -75.5% |
| Profit (loss) for the period | 9904 | €58,090 | €19,693 | -€38,396 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,090 | €19,693 | -€38,396 | -66.1% |
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 17 October 2026 via checked.be.