De Kinesist: 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 Kinesist
Largest movements
- Tangible fixed assets +€46,309
up €46,309 (+2,328%), from €1,989 to €48,298
of which Furniture and vehicles: +€47,815
- Cash -€8,016
down €8,016 (-16.1%), from €49,648 to €41,632
mainly Investment in fixed assets (net) (-€48,560) and Contributions, distributions and other (-€37,654)
- Deferred charges and accrued income -€6,706
no longer reported in 2025 (was €6,706)
- Debts after one year +€38,636
new in 2025: €38,636
- Tax, wage and social debts -€30,058
down €30,058 (-88.8%), from €33,865 to €3,807
of which Remuneration and social security: -€27,546
- Other debts +€13,670
up €13,670 (+61.1%), from €22,371 to €36,041
- Current portion of long-term debt +€9,117
new in 2025: €9,117
- Gross operating margin +€7,910
up €7,910 (+16.9%), from €46,930 to €54,840
- Taxes +€1,451
up €1,451 (+11.6%), from €12,458 to €13,909
- Depreciation +€745
up €745 (+49.5%), from €1,506 to €2,251
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 | €58,416 | €89,930 | +€31,515 | +53.9% |
| Fixed assets | 21/28 | €1,989 | €48,298 | +€46,309 | +2,328% |
| Tangible fixed assets | 22/27 | €1,989 | €48,298 | +€46,309 | +2,328% |
| Plant, machinery and equipment | 23 | €1,989 | €483 | -€1,506 | -75.7% |
| Furniture and vehicles | 24 | - | €47,815 | +€47,815 | |
| Current assets | 29/58 | €56,427 | €41,632 | -€14,795 | -26.2% |
| Amounts receivable within one year | 40/41 | €73 | - | -€73 | |
| Other amounts receivable | 41 | €73 | - | -€73 | |
| Cash at bank and in hand | 54/58 | €49,648 | €41,632 | -€8,016 | -16.1% |
| Deferred charges and accrued income | 490/1 | €6,706 | - | -€6,706 | |
| Total equity and liabilities | 10/49 | €58,416 | €89,930 | +€31,515 | +53.9% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €56,416 | €87,930 | +€31,515 | +55.9% |
| Amounts payable after more than one year | 17 | - | €38,636 | +€38,636 | |
| Financial debts | 170/4 | - | €38,636 | +€38,636 | |
| Amounts payable within one year | 42/48 | €56,416 | €49,294 | -€7,121 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,117 | +€9,117 | |
| Trade debts | 44 | €180 | €329 | +€149 | +83.0% |
| Suppliers | 440/4 | €180 | €329 | +€149 | +83.0% |
| Taxes, remuneration and social security | 45 | €33,865 | €3,807 | -€30,058 | -88.8% |
| Taxes | 450/3 | €6,319 | €3,807 | -€2,512 | -39.8% |
| Remuneration and social security | 454/9 | €27,546 | - | -€27,546 | |
| Other amounts payable | 47/48 | €22,371 | €36,041 | +€13,670 | +61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,506 | €2,251 | +€745 | +49.5% |
| Other operating charges | 640/8 | €387 | €652 | +€265 | +68.4% |
| Gross operating margin | 9900 | €46,930 | €54,840 | +€7,910 | +16.9% |
| Operating profit (loss) | 9901 | €45,037 | €51,937 | +€6,900 | +15.3% |
| Financial charges | 65/66B | €172 | €374 | +€202 | +118% |
| Recurring financial charges | 65 | €172 | €374 | +€202 | +118% |
| Profit (loss) for the period before taxes | 9903 | €44,865 | €51,563 | +€6,698 | +14.9% |
| Income taxes | 67/77 | €12,458 | €13,909 | +€1,451 | +11.6% |
| Profit (loss) for the period | 9904 | €32,407 | €37,654 | +€5,247 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,407 | €37,654 | +€5,247 | +16.2% |
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 18 October 2026 via checked.be.