F.M.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.
F.M.KINE
Largest movements
- Receivables within one year +€6,570
up €6,570 (+2,628,184%), from €0 to €6,571
- Tangible fixed assets +€4,911
up €4,911 (+353%), from €1,391 to €6,302
- Cash -€832
down €832 (-97.5%), from €854 to €21
mainly Investment in fixed assets (net) (-€8,500) and Receivables within one year (-€6,570)
- Reserves +€8,400
up €8,400 (+14.8%), from €56,860 to €65,260
- Trade debts -€3,914
down €3,914 (-46.3%), from €8,445 to €4,532
- Tax, wage and social debts +€3,706
up €3,706 (+78.8%), from €4,702 to €8,408
- Short-term financial debts +€3,122
new in 2025: €3,122
- Advances received -€1,204
no longer reported in 2025 (was €1,204)
- Gross operating margin +€10,630
up €10,630 (+128%), from €8,296 to €18,926
- Depreciation +€2,599
up €2,599 (+263%), from €990 to €3,589
- Other operating charges +€1,960
new in 2025: €1,960
- Taxes +€1,845
up €1,845 (+52.4%), from €3,519 to €5,364
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 | €57,101 | €67,348 | +€10,247 | +17.9% |
| Fixed assets | 21/28 | €1,391 | €6,302 | +€4,911 | +353% |
| Tangible fixed assets | 22/27 | €1,391 | €6,302 | +€4,911 | +353% |
| Furniture and vehicles | 24 | €1,391 | €6,302 | +€4,911 | +353% |
| Current assets | 29/58 | €55,710 | €61,046 | +€5,336 | +9.6% |
| Amounts receivable after more than one year | 29 | €53,775 | €54,042 | +€267 | +0.5% |
| Other amounts receivable | 291 | €53,775 | €54,042 | +€267 | +0.5% |
| Amounts receivable within one year | 40/41 | €0 | €6,571 | +€6,570 | +2,628,184% |
| Trade receivables | 40 | €0 | €6,571 | +€6,570 | +2,628,184% |
| Cash at bank and in hand | 54/58 | €854 | €21 | -€832 | -97.5% |
| Deferred charges and accrued income | 490/1 | €1,081 | €412 | -€669 | -61.9% |
| Total equity and liabilities | 10/49 | €57,101 | €67,348 | +€10,247 | +17.9% |
| Equity | 10/15 | €42,750 | €51,286 | +€8,536 | +20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,860 | €65,260 | +€8,400 | +14.8% |
| Distributable reserves | 133 | €56,860 | €65,260 | +€8,400 | +14.8% |
| Profit (loss) carried forward | 14 | -€32,710 | -€32,574 | +€136 | +0.4% |
| Amounts payable | 17/49 | €14,351 | €16,062 | +€1,711 | +11.9% |
| Amounts payable within one year | 42/48 | €14,351 | €16,062 | +€1,711 | +11.9% |
| Financial debts | 43 | - | €3,122 | +€3,122 | |
| Credit institutions | 430/8 | - | €3,122 | +€3,122 | |
| Trade debts | 44 | €8,445 | €4,532 | -€3,914 | -46.3% |
| Suppliers | 440/4 | €8,445 | €4,532 | -€3,914 | -46.3% |
| Advances received on contracts in progress | 46 | €1,204 | - | -€1,204 | |
| Taxes, remuneration and social security | 45 | €4,702 | €8,408 | +€3,706 | +78.8% |
| Taxes | 450/3 | €4,702 | €8,408 | +€3,706 | +78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €990 | €3,589 | +€2,599 | +263% |
| Other operating charges | 640/8 | - | €1,960 | +€1,960 | |
| Gross operating margin | 9900 | €8,296 | €18,926 | +€10,630 | +128% |
| Operating profit (loss) | 9901 | €7,306 | €13,376 | +€6,071 | +83.1% |
| Financial income | 75/76B | €1,202 | €1,127 | -€75 | -6.2% |
| Recurring financial income | 75 | €1,202 | €1,127 | -€75 | -6.2% |
| Financial charges | 65/66B | €772 | €604 | -€168 | -21.8% |
| Recurring financial charges | 65 | €772 | €604 | -€168 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €7,736 | €13,899 | +€6,164 | +79.7% |
| Income taxes | 67/77 | €3,519 | €5,364 | +€1,845 | +52.4% |
| Profit (loss) for the period | 9904 | €4,217 | €8,536 | +€4,319 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €4,217 | €8,536 | +€4,319 | +102% |
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 21 October 2026 via checked.be.