HD 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.
HD KINE
Largest movements
- Intangible fixed assets -€4,780
down €4,780 (-14.4%), from €33,306 to €28,526
- Cash -€3,408
down €3,408 (-7.6%), from €44,615 to €41,207
mainly Other debts (-€4,634) and Receivables within one year (-€2,586)
- Receivables within one year +€2,586
up €2,586 (+543%), from €476 to €3,062
- Other debts -€4,634
down €4,634 (-16.3%), from €28,409 to €23,775
- Gross operating margin -€19,315
down €19,315 (-69.7%), from €27,720 to €8,405
- Taxes -€5,110
down €5,110 (-92.5%), from €5,524 to €414
- Financial charges -€287
down €287 (-32.7%), from €877 to €591
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 | €84,074 | €78,298 | -€5,776 | -6.9% |
| Fixed assets | 21/28 | €38,984 | €34,029 | -€4,955 | -12.7% |
| Intangible fixed assets | 21 | €33,306 | €28,526 | -€4,780 | -14.4% |
| Tangible fixed assets | 22/27 | €5,677 | €5,503 | -€175 | -3.1% |
| Furniture and vehicles | 24 | €5,677 | €3,779 | -€1,898 | -33.4% |
| Other tangible fixed assets | 26 | - | €1,723 | +€1,723 | |
| Current assets | 29/58 | €45,091 | €44,269 | -€821 | -1.8% |
| Amounts receivable within one year | 40/41 | €476 | €3,062 | +€2,586 | +543% |
| Other amounts receivable | 41 | €476 | €3,062 | +€2,586 | +543% |
| Cash at bank and in hand | 54/58 | €44,615 | €41,207 | -€3,408 | -7.6% |
| Total equity and liabilities | 10/49 | €84,074 | €78,298 | -€5,776 | -6.9% |
| Equity | 10/15 | €46,995 | €47,145 | +€150 | +0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,000 | €27,000 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,995 | €15,145 | +€150 | +1.0% |
| Amounts payable | 17/49 | €37,079 | €31,154 | -€5,926 | -16.0% |
| Amounts payable after more than one year | 17 | €3,148 | €3,402 | +€254 | +8.1% |
| Financial debts | 170/4 | €3,148 | €3,402 | +€254 | +8.1% |
| Amounts payable within one year | 42/48 | €33,932 | €27,751 | -€6,180 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €2,498 | €2,047 | -€451 | -18.1% |
| Trade debts | 44 | €898 | €60 | -€838 | -93.4% |
| Suppliers | 440/4 | €898 | €60 | -€838 | -93.4% |
| Taxes, remuneration and social security | 45 | €2,127 | €1,870 | -€257 | -12.1% |
| Taxes | 450/3 | €627 | €595 | -€32 | -5.1% |
| Remuneration and social security | 454/9 | €1,500 | €1,275 | -€225 | -15.0% |
| Other amounts payable | 47/48 | €28,409 | €23,775 | -€4,634 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,678 | €6,750 | +€72 | +1.1% |
| Other operating charges | 640/8 | €485 | €501 | +€16 | +3.2% |
| Gross operating margin | 9900 | €27,720 | €8,405 | -€19,315 | -69.7% |
| Operating profit (loss) | 9901 | €20,557 | €1,154 | -€19,403 | -94.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €877 | €591 | -€287 | -32.7% |
| Recurring financial charges | 65 | €877 | €591 | -€287 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €19,679 | €563 | -€19,116 | -97.1% |
| Income taxes | 67/77 | €5,524 | €414 | -€5,110 | -92.5% |
| Profit (loss) for the period | 9904 | €14,155 | €150 | -€14,006 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,155 | €150 | -€14,006 | -98.9% |
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.