FROMADO 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.
FROMADO KINE
Largest movements
- Cash -€14,896
down €14,896 (-26.6%), from €55,994 to €41,099
mainly Contributions, distributions and other (-€86,516) and Other debts (-€41,588)
- Receivables within one year -€12,587
down €12,587 (-25.9%), from €48,526 to €35,939
- Tangible fixed assets -€9,548
down €9,548 (-42.8%), from €22,314 to €12,766
of which Other tangible fixed assets: -€5,112
- Other debts -€41,588
down €41,588 (-53.2%), from €78,150 to €36,563
- Tax, wage and social debts +€11,506
up €11,506 (+195%), from €5,897 to €17,403
- Debts after one year -€5,227
down €5,227 (-28.5%), from €18,350 to €13,123
- Current portion of long-term debt -€1,798
down €1,798 (-25.6%), from €7,024 to €5,227
- Depreciation -€6,780
down €6,780 (-37.3%), from €18,167 to €11,387
- Gross operating margin +€5,892
up €5,892 (+4.8%), from €122,001 to €127,892
- Taxes +€4,860
up €4,860 (+26.8%), from €18,147 to €23,006
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 | €128,250 | €91,067 | -€37,183 | -29.0% |
| Fixed assets | 21/28 | €22,314 | €12,766 | -€9,548 | -42.8% |
| Tangible fixed assets | 22/27 | €22,314 | €12,766 | -€9,548 | -42.8% |
| Plant, machinery and equipment | 23 | €8,692 | €5,722 | -€2,971 | -34.2% |
| Furniture and vehicles | 24 | €3,139 | €1,674 | -€1,465 | -46.7% |
| Other tangible fixed assets | 26 | €10,482 | €5,370 | -€5,112 | -48.8% |
| Current assets | 29/58 | €105,936 | €78,301 | -€27,635 | -26.1% |
| Amounts receivable within one year | 40/41 | €48,526 | €35,939 | -€12,587 | -25.9% |
| Trade receivables | 40 | €48,526 | €35,939 | -€12,587 | -25.9% |
| Cash at bank and in hand | 54/58 | €55,994 | €41,099 | -€14,896 | -26.6% |
| Deferred charges and accrued income | 490/1 | €1,416 | €1,263 | -€153 | -10.8% |
| Total equity and liabilities | 10/49 | €128,250 | €91,067 | -€37,183 | -29.0% |
| Equity | 10/15 | €18,661 | €18,603 | -€58 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61 | €3 | -€58 | -94.6% |
| Amounts payable | 17/49 | €109,589 | €72,463 | -€37,125 | -33.9% |
| Amounts payable after more than one year | 17 | €18,350 | €13,123 | -€5,227 | -28.5% |
| Financial debts | 170/4 | €18,350 | €13,123 | -€5,227 | -28.5% |
| Amounts payable within one year | 42/48 | €91,233 | €59,340 | -€31,893 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €7,024 | €5,227 | -€1,798 | -25.6% |
| Trade debts | 44 | €162 | €147 | -€14 | -8.7% |
| Suppliers | 440/4 | €162 | €147 | -€14 | -8.7% |
| Taxes, remuneration and social security | 45 | €5,897 | €17,403 | +€11,506 | +195% |
| Taxes | 450/3 | €5,897 | €17,403 | +€11,506 | +195% |
| Other amounts payable | 47/48 | €78,150 | €36,563 | -€41,588 | -53.2% |
| Accrued charges and deferred income | 492/3 | €6 | €0 | -€6 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,167 | €11,387 | -€6,780 | -37.3% |
| Other operating charges | 640/8 | €895 | €925 | +€31 | +3.4% |
| Gross operating margin | 9900 | €122,001 | €127,892 | +€5,892 | +4.8% |
| Operating profit (loss) | 9901 | €102,939 | €115,580 | +€12,641 | +12.3% |
| Financial charges | 65/66B | €6,641 | €6,116 | -€525 | -7.9% |
| Recurring financial charges | 65 | €6,641 | €6,116 | -€525 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €96,298 | €109,464 | +€13,166 | +13.7% |
| Income taxes | 67/77 | €18,147 | €23,006 | +€4,860 | +26.8% |
| Profit (loss) for the period | 9904 | €78,152 | €86,458 | +€8,306 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,152 | €86,458 | +€8,306 | +10.6% |
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 31 October 2026 via checked.be.