EXO 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.
EXO KINE
Largest movements
- Receivables within one year +€32,445
up €32,445 (+281%), from €11,536 to €43,981
of which Other amounts receivable: +€25,836
- Cash -€21,893
down €21,893 (-21.9%), from €99,838 to €77,945
mainly Contributions, distributions and other (-€80,622) and Trade debts (-€61,408)
- Intangible fixed assets -€15,704
no longer reported in 2025 (was €15,704)
- Deferred charges and accrued income -€11,147
down €11,147 (-22.3%), from €49,921 to €38,773
- Tangible fixed assets -€9,204
down €9,204 (-32.4%), from €28,400 to €19,196
of which Plant, machinery and equipment: -€7,316
- Trade debts -€61,408
down €61,408 (-98.4%), from €62,423 to €1,015
- Other debts +€53,383
new in 2025: €53,383
- Accrued charges and deferred income +€41,484
up €41,484 (+117%), from €35,557 to €77,042
- Reserves -€27,239
down €27,239 (-99.5%), from €27,370 to €130
of which Distributable reserves: -€27,239
- Debts after one year -€14,882
no longer reported in 2025 (was €14,882)
- Gross operating margin +€41,184
up €41,184 (+63.3%), from €65,105 to €106,289
- Taxes +€3,572
up €3,572 (+21.2%), from €16,852 to €20,424
- Other operating charges -€2,263
down €2,263 (-50.2%), from €4,511 to €2,248
- Depreciation -€1,263
down €1,263 (-4.8%), from €26,171 to €24,908
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 | €205,578 | €180,076 | -€25,503 | -12.4% |
| Fixed assets | 21/28 | €44,284 | €19,376 | -€24,908 | -56.2% |
| Intangible fixed assets | 21 | €15,704 | - | -€15,704 | |
| Tangible fixed assets | 22/27 | €28,400 | €19,196 | -€9,204 | -32.4% |
| Plant, machinery and equipment | 23 | €23,683 | €16,367 | -€7,316 | -30.9% |
| Furniture and vehicles | 24 | €1,886 | €785 | -€1,101 | -58.4% |
| Other tangible fixed assets | 26 | €2,830 | €2,044 | -€786 | -27.8% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €161,295 | €160,700 | -€595 | -0.4% |
| Amounts receivable within one year | 40/41 | €11,536 | €43,981 | +€32,445 | +281% |
| Trade receivables | 40 | - | €6,609 | +€6,609 | |
| Other amounts receivable | 41 | €11,536 | €37,372 | +€25,836 | +224% |
| Cash at bank and in hand | 54/58 | €99,838 | €77,945 | -€21,893 | -21.9% |
| Deferred charges and accrued income | 490/1 | €49,921 | €38,773 | -€11,147 | -22.3% |
| Total equity and liabilities | 10/49 | €205,578 | €180,076 | -€25,503 | -12.4% |
| Equity | 10/15 | €45,970 | €18,730 | -€27,239 | -59.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,370 | €130 | -€27,239 | -99.5% |
| Non-distributable reserves | 130/1 | €130 | €130 | = | 0.0% |
| Reserves not available under the articles | 1311 | €130 | €130 | = | 0.0% |
| Distributable reserves | 133 | €27,239 | - | -€27,239 | |
| Amounts payable | 17/49 | €159,609 | €161,345 | +€1,737 | +1.1% |
| Amounts payable after more than one year | 17 | €14,882 | - | -€14,882 | |
| Financial debts | 170/4 | €14,882 | - | -€14,882 | |
| Amounts payable within one year | 42/48 | €109,170 | €84,304 | -€24,866 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €17,641 | €14,882 | -€2,759 | -15.6% |
| Trade debts | 44 | €62,423 | €1,015 | -€61,408 | -98.4% |
| Suppliers | 440/4 | €62,423 | €1,015 | -€61,408 | -98.4% |
| Taxes, remuneration and social security | 45 | €29,105 | €15,024 | -€14,081 | -48.4% |
| Taxes | 450/3 | €29,105 | €15,024 | -€14,081 | -48.4% |
| Other amounts payable | 47/48 | - | €53,383 | +€53,383 | |
| Accrued charges and deferred income | 492/3 | €35,557 | €77,042 | +€41,484 | +117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,171 | €24,908 | -€1,263 | -4.8% |
| Other operating charges | 640/8 | €4,511 | €2,248 | -€2,263 | -50.2% |
| Gross operating margin | 9900 | €65,105 | €106,289 | +€41,184 | +63.3% |
| Operating profit (loss) | 9901 | €34,423 | €79,133 | +€44,710 | +130% |
| Financial income | 75/76B | €1,306 | €1,324 | +€19 | +1.4% |
| Recurring financial income | 75 | €1,306 | €1,324 | +€19 | +1.4% |
| Financial charges | 65/66B | €7,650 | €6,651 | -€999 | -13.1% |
| Recurring financial charges | 65 | €7,650 | €6,651 | -€999 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €28,079 | €73,807 | +€45,728 | +163% |
| Income taxes | 67/77 | €16,852 | €20,424 | +€3,572 | +21.2% |
| Profit (loss) for the period | 9904 | €11,227 | €53,383 | +€42,156 | +376% |
| Profit (loss) for the period to be appropriated | 9905 | €11,227 | €53,383 | +€42,156 | +376% |
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.