GR KINE: what changed
Two fiscal 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.
GR KINE
Largest movements
- Cash +€53,488
up €53,488 (+169.6%), from €31,535 to €85,023
mainly Net result for the year (+€50,246) and Tax, wage and social debts (+€4,311)
- Receivables within one year +€1,000
up €1,000 (+173.9%), from €575 to €1,575
- Profit (loss) carried forward +€50,246
up €50,246 (+68148.8%), from €74 to €50,320
- Tax, wage and social debts +€4,311
new in 2025: €4,311
- Gross operating margin +€15,593
up €15,593 (+31.2%), from €50,050 to €65,643
- Taxes +€4,675
up €4,675 (+55.5%), from €8,425 to €13,099
- Other operating charges +€1,433
up €1,433 (+950.3%), from €151 to €1,584
- Depreciation -€1,062
down €1,062 (-74.3%), from €1,430 to €368
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.
Cash bridge derived
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 | €32,940 | €87,060 | +€54,120 | +164.3% |
| Formation expenses | 20 | €128 | - | -€128 | |
| Fixed assets | 21/28 | €701 | €462 | -€239 | -34.1% |
| Tangible fixed assets | 22/27 | €701 | €462 | -€239 | -34.1% |
| Furniture and vehicles | 24 | €701 | €462 | -€239 | -34.1% |
| Current assets | 29/58 | €32,110 | €86,598 | +€54,488 | +169.7% |
| Amounts receivable within one year | 40/41 | €575 | €1,575 | +€1,000 | +173.9% |
| Other amounts receivable | 41 | €575 | €1,575 | +€1,000 | +173.9% |
| Cash at bank and in hand | 54/58 | €31,535 | €85,023 | +€53,488 | +169.6% |
| Total equity and liabilities | 10/49 | €32,940 | €87,060 | +€54,120 | +164.3% |
| Equity | 10/15 | €32,074 | €82,320 | +€50,246 | +156.7% |
| Reserves | 13 | €32,000 | €32,000 | = | 0.0% |
| Distributable reserves | 133 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74 | €50,320 | +€50,246 | +68148.8% |
| Amounts payable | 17/49 | €866 | €4,740 | +€3,874 | +447.3% |
| Amounts payable within one year | 42/48 | €866 | €4,585 | +€3,719 | +429.4% |
| Trade debts | 44 | - | €274 | +€274 | |
| Suppliers | 440/4 | - | €274 | +€274 | |
| Taxes, remuneration and social security | 45 | - | €4,311 | +€4,311 | |
| Taxes | 450/3 | - | €4,311 | +€4,311 | |
| Other amounts payable | 47/48 | €866 | - | -€866 | |
| Accrued charges and deferred income | 492/3 | - | €155 | +€155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,430 | €368 | -€1,062 | -74.3% |
| Other operating charges | 640/8 | €151 | €1,584 | +€1,433 | +950.3% |
| Non-recurring operating charges | 66A | €7,970 | - | -€7,970 | |
| Gross operating margin | 9900 | €50,050 | €65,643 | +€15,593 | +31.2% |
| Operating profit (loss) | 9901 | €40,499 | €63,691 | +€23,192 | +57.3% |
| Financial income | 75/76B | - | €202 | +€202 | |
| Recurring financial income | 75 | - | €202 | +€202 | |
| Financial charges | 65/66B | - | €547 | +€547 | |
| Recurring financial charges | 65 | - | €547 | +€547 | |
| Profit (loss) for the period before taxes | 9903 | €40,499 | €63,346 | +€22,847 | +56.4% |
| Income taxes | 67/77 | €8,425 | €13,099 | +€4,675 | +55.5% |
| Profit (loss) for the period | 9904 | €32,074 | €50,246 | +€18,172 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,074 | €50,246 | +€18,172 | +56.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.