De Kinder M: 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.
De Kinder M
Largest movements
- Cash -€18,617
down €18,617 (-87.7%), from €21,231 to €2,614
mainly Trade debts (-€17,459) and Net result for the year (-€10,193)
- Receivables within one year -€7,687
down €7,687 (-8.6%), from €89,431 to €81,744
of which Trade receivables: -€3,909
- Tangible fixed assets -€3,779
down €3,779 (-12.7%), from €29,743 to €25,964
of which Land and buildings: -€3,779
- Trade debts -€17,459
down €17,459 (-73.5%), from €23,764 to €6,304
- Profit (loss) carried forward -€10,193
down €10,193 (-38.6%), from -€26,412 to -€36,605
- Debts after one year -€5,119
down €5,119 (-12.2%), from €42,068 to €36,949
- Other debts +€3,764
up €3,764 (+6.8%), from €55,668 to €59,432
- Gross operating margin -€14,616
down €14,616, from €9,407 to -€5,209
- Financial charges -€3,454
down €3,454 (-88.4%), from €3,909 to €455
- Other operating charges -€3,020
down €3,020 (-80.1%), from €3,771 to €751
- Taxes -€947
down €947 (-100%), from €947 to €0
- Depreciation -€125
down €125 (-3.2%), from €3,904 to €3,779
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 | €140,405 | €110,322 | -€30,083 | -21.4% |
| Fixed assets | 21/28 | €29,743 | €25,964 | -€3,779 | -12.7% |
| Tangible fixed assets | 22/27 | €29,743 | €25,964 | -€3,779 | -12.7% |
| Land and buildings | 22 | €29,743 | €25,964 | -€3,779 | -12.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €110,661 | €84,357 | -€26,304 | -23.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €89,431 | €81,744 | -€7,687 | -8.6% |
| Trade receivables | 40 | €14,645 | €10,736 | -€3,909 | -26.7% |
| Other amounts receivable | 41 | €74,786 | €71,007 | -€3,778 | -5.1% |
| Cash at bank and in hand | 54/58 | €21,231 | €2,614 | -€18,617 | -87.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €140,405 | €110,322 | -€30,083 | -21.4% |
| Equity | 10/15 | €3,920 | -€6,274 | -€10,193 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €331 | €331 | = | 0.0% |
| Non-distributable reserves | 130/1 | €331 | €331 | = | 0.0% |
| Reserves not available under the articles | 1311 | €331 | €331 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,412 | -€36,605 | -€10,193 | -38.6% |
| Amounts payable | 17/49 | €136,485 | €116,595 | -€19,890 | -14.6% |
| Amounts payable after more than one year | 17 | €42,068 | €36,949 | -€5,119 | -12.2% |
| Financial debts | 170/4 | €42,068 | €36,949 | -€5,119 | -12.2% |
| Amounts payable within one year | 42/48 | €86,417 | €71,247 | -€15,171 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €5,562 | €5,005 | -€558 | -10.0% |
| Trade debts | 44 | €23,764 | €6,304 | -€17,459 | -73.5% |
| Suppliers | 440/4 | €23,764 | €6,304 | -€17,459 | -73.5% |
| Taxes, remuneration and social security | 45 | €1,423 | €505 | -€918 | -64.5% |
| Taxes | 450/3 | €1,423 | €505 | -€918 | -64.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €55,668 | €59,432 | +€3,764 | +6.8% |
| Accrued charges and deferred income | 492/3 | €8,000 | €8,400 | +€400 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,904 | €3,779 | -€125 | -3.2% |
| Other operating charges | 640/8 | €3,771 | €751 | -€3,020 | -80.1% |
| Gross operating margin | 9900 | €9,407 | -€5,209 | -€14,616 | |
| Operating profit (loss) | 9901 | €1,733 | -€9,738 | -€11,471 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €3,909 | €455 | -€3,454 | -88.4% |
| Recurring financial charges | 65 | €3,909 | €455 | -€3,454 | -88.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,176 | -€10,193 | -€8,017 | -368% |
| Income taxes | 67/77 | €947 | €0 | -€947 | -100% |
| Profit (loss) for the period | 9904 | -€3,124 | -€10,193 | -€7,069 | -226% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,124 | -€10,193 | -€7,069 | -226% |
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 16 October 2026 via checked.be.