DB KINE: what changed
Two fiscal 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.
DB KINE
Largest movements
- Cash -€35,684
down €35,684 (-63.6%), from €56,145 to €20,461
mainly Investment in fixed assets (net) (-€60,634) and Debts after one year (-€10,296)
- Tangible fixed assets +€27,676
up €27,676 (+11.2%), from €246,268 to €273,944
of which Plant, machinery and equipment: +€18,384
- Profit (loss) carried forward +€10,864
up €10,864 (+6.8%), from €159,007 to €169,871
- Debts after one year -€10,296
down €10,296 (-10.4%), from €99,153 to €88,857
- Other debts -€4,000
down €4,000 (-91.1%), from €4,390 to €390
- Current portion of long-term debt -€3,956
down €3,956 (-27.8%), from €14,252 to €10,296
- Gross operating margin -€12,352
down €12,352 (-19.1%), from €64,709 to €52,357
- Purchases and services +€11,612
up €11,612 (+16.8%), from €69,136 to €80,748
- Depreciation +€11,171
up €11,171 (+51.3%), from €21,787 to €32,958
- Taxes -€5,043
down €5,043 (-62.0%), from €8,136 to €3,093
- Financial charges +€2,833
up €2,833 (+161.3%), from €1,756 to €4,589
of which Non-recurring financial charges: +€4,589
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.
Cash bridge derived
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 | €333,234 | €325,819 | -€7,415 | -2.2% |
| Fixed assets | 21/28 | €246,768 | €274,444 | +€27,676 | +11.2% |
| Tangible fixed assets | 22/27 | €246,268 | €273,944 | +€27,676 | +11.2% |
| Land and buildings | 22 | €210,889 | €227,069 | +€16,180 | +7.7% |
| Plant, machinery and equipment | 23 | €6,450 | €24,834 | +€18,384 | +285.0% |
| Furniture and vehicles | 24 | €20,600 | €14,469 | -€6,131 | -29.8% |
| Other tangible fixed assets | 26 | €8,329 | €7,572 | -€757 | -9.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €86,466 | €51,375 | -€35,091 | -40.6% |
| Stocks and contracts in progress | 3 | €2,700 | €2,921 | +€221 | +8.2% |
| Stocks | 30/36 | €2,700 | €2,921 | +€221 | +8.2% |
| Amounts receivable within one year | 40/41 | €26,321 | €27,993 | +€1,672 | +6.4% |
| Other amounts receivable | 41 | €26,321 | €27,993 | +€1,672 | +6.4% |
| Cash at bank and in hand | 54/58 | €56,145 | €20,461 | -€35,684 | -63.6% |
| Deferred charges and accrued income | 490/1 | €1,300 | - | -€1,300 | |
| Total equity and liabilities | 10/49 | €333,234 | €325,819 | -€7,415 | -2.2% |
| Equity | 10/15 | €201,156 | €212,020 | +€10,864 | +5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €29,749 | €29,749 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,319 | €4,319 | = | 0.0% |
| Distributable reserves | 133 | €25,430 | €25,430 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,007 | €169,871 | +€10,864 | +6.8% |
| Amounts payable | 17/49 | €132,078 | €113,799 | -€18,279 | -13.8% |
| Amounts payable after more than one year | 17 | €99,153 | €88,857 | -€10,296 | -10.4% |
| Financial debts | 170/4 | €99,153 | €88,857 | -€10,296 | -10.4% |
| Amounts payable within one year | 42/48 | €32,925 | €24,942 | -€7,983 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €14,252 | €10,296 | -€3,956 | -27.8% |
| Trade debts | 44 | €3,447 | €327 | -€3,120 | -90.5% |
| Suppliers | 440/4 | €3,447 | €327 | -€3,120 | -90.5% |
| Taxes, remuneration and social security | 45 | €10,836 | €13,929 | +€3,093 | +28.5% |
| Taxes | 450/3 | €10,836 | €13,929 | +€3,093 | +28.5% |
| Other amounts payable | 47/48 | €4,390 | €390 | -€4,000 | -91.1% |
| Turnover | 70 | €131,064 | €128,324 | -€2,740 | -2.1% |
| Non-recurring operating income | 76A | €2,781 | €4,781 | +€2,000 | +71.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €69,136 | €80,748 | +€11,612 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,787 | €32,958 | +€11,171 | +51.3% |
| Other operating charges | 640/8 | €449 | €857 | +€408 | +90.9% |
| Non-recurring operating charges | 66A | €94 | - | -€94 | |
| Gross operating margin | 9900 | €64,709 | €52,357 | -€12,352 | -19.1% |
| Operating profit (loss) | 9901 | €42,379 | €18,542 | -€23,837 | -56.2% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €1,756 | €4,589 | +€2,833 | +161.3% |
| Recurring financial charges | 65 | €1,756 | €4,589 | +€2,833 | +161.3% |
| Non-recurring financial charges | 66B | - | €4,589 | +€4,589 | |
| Profit (loss) for the period before taxes | 9903 | €40,623 | €13,957 | -€26,666 | -65.6% |
| Income taxes | 67/77 | €8,136 | €3,093 | -€5,043 | -62.0% |
| Profit (loss) for the period | 9904 | €32,487 | €10,864 | -€21,623 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,487 | €10,864 | -€21,623 | -66.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.