GF KINE: what changed
GF KINE
Largest movements
- Tangible fixed assets -€4,619
down €4,619 (-69.2%), from €6,677 to €2,058
of which Furniture and vehicles: -€5,275
- Cash +€1,933
up €1,933 (+16.2%), from €11,969 to €13,902
mainly Net result for the year (+€17,236) and Depreciation (+€5,448)
- Receivables within one year -€1,280
down €1,280 (-3.9%), from €32,783 to €31,503
- Deferred charges and accrued income -€592
down €592 (-17.2%), from €3,451 to €2,859
- Other debts -€19,682
no longer reported in 2025 (was €19,682)
- Profit (loss) carried forward +€17,236
new in 2025: €17,236
- Current portion of long-term debt +€3,735
up €3,735 (+60.2%), from €6,203 to €9,939
- Tax, wage and social debts -€3,473
down €3,473 (-62.3%), from €5,573 to €2,100
- Debts after one year -€2,961
no longer reported in 2025 (was €2,961)
- Gross operating margin -€7,278
down €7,278 (-20.1%), from €36,175 to €28,897
- Taxes -€1,414
down €1,414 (-16.0%), from €8,850 to €7,436
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,880 | €50,322 | -€4,558 | -8.3% |
| Fixed assets | 21/28 | €6,677 | €2,058 | -€4,619 | -69.2% |
| Tangible fixed assets | 22/27 | €6,677 | €2,058 | -€4,619 | -69.2% |
| Plant, machinery and equipment | 23 | €26 | €682 | +€656 | +2,520% |
| Furniture and vehicles | 24 | €6,651 | €1,376 | -€5,275 | -79.3% |
| Current assets | 29/58 | €48,203 | €48,264 | +€61 | +0.1% |
| Amounts receivable within one year | 40/41 | €32,783 | €31,503 | -€1,280 | -3.9% |
| Other amounts receivable | 41 | €32,783 | €31,503 | -€1,280 | -3.9% |
| Cash at bank and in hand | 54/58 | €11,969 | €13,902 | +€1,933 | +16.2% |
| Deferred charges and accrued income | 490/1 | €3,451 | €2,859 | -€592 | -17.2% |
| Total equity and liabilities | 10/49 | €54,880 | €50,322 | -€4,558 | -8.3% |
| Equity | 10/15 | €20,460 | €37,696 | +€17,236 | +84.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | - | €17,236 | +€17,236 | |
| Amounts payable | 17/49 | €34,420 | €12,625 | -€21,794 | -63.3% |
| Amounts payable after more than one year | 17 | €2,961 | - | -€2,961 | |
| Financial debts | 170/4 | €2,961 | - | -€2,961 | |
| Amounts payable within one year | 42/48 | €31,458 | €12,625 | -€18,833 | -59.9% |
| Current portion of amounts payable after more than one year | 42 | €6,203 | €9,939 | +€3,735 | +60.2% |
| Trade debts | 44 | - | €587 | +€587 | |
| Suppliers | 440/4 | - | €587 | +€587 | |
| Taxes, remuneration and social security | 45 | €5,573 | €2,100 | -€3,473 | -62.3% |
| Taxes | 450/3 | €5,573 | €2,100 | -€3,473 | -62.3% |
| Other amounts payable | 47/48 | €19,682 | - | -€19,682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,713 | €5,448 | -€265 | -4.6% |
| Other operating charges | 640/8 | €241 | €369 | +€127 | +52.8% |
| Gross operating margin | 9900 | €36,175 | €28,897 | -€7,278 | -20.1% |
| Operating profit (loss) | 9901 | €30,221 | €23,080 | -€7,141 | -23.6% |
| Financial income | 75/76B | €3,139 | €2,859 | -€281 | -8.9% |
| Recurring financial income | 75 | €3,139 | €2,859 | -€281 | -8.9% |
| Financial charges | 65/66B | €1,355 | €1,267 | -€88 | -6.5% |
| Recurring financial charges | 65 | €1,355 | €1,267 | -€88 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €32,005 | €24,672 | -€7,333 | -22.9% |
| Income taxes | 67/77 | €8,850 | €7,436 | -€1,414 | -16.0% |
| Profit (loss) for the period | 9904 | €23,155 | €17,236 | -€5,919 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,155 | €17,236 | -€5,919 | -25.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.