HL 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.
HL KINE
Largest movements
- Receivables within one year +€17,878
up €17,878 (+72.7%), from €24,579 to €42,458
of which Trade receivables: +€17,694
- Cash +€15,428
up €15,428 (+11.6%), from €132,570 to €147,998
mainly Net result for the year (+€49,307) and Depreciation (+€24,437)
- Tangible fixed assets -€10,964
down €10,964 (-7.7%), from €143,096 to €132,132
of which Furniture and vehicles: -€16,318
- Reserves +€29,125
up €29,125 (+12.3%), from €236,025 to €265,150
of which Distributable reserves: +€31,000
- Debts after one year -€14,365
down €14,365 (-74.5%), from €19,281 to €4,916
- Tax, wage and social debts +€9,335
up €9,335 (+183%), from €5,110 to €14,446
- Other debts -€3,550
down €3,550 (-15.1%), from €23,550 to €20,000
- Gross operating margin +€59,812
up €59,812 (+147%), from €40,687 to €100,499
- Taxes +€18,243
up €18,243 (+278%), from €6,558 to €24,801
- Depreciation +€3,765
up €3,765 (+18.2%), from €20,671 to €24,437
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 | €323,298 | €343,006 | +€19,708 | +6.1% |
| Fixed assets | 21/28 | €143,466 | €132,502 | -€10,964 | -7.6% |
| Tangible fixed assets | 22/27 | €143,096 | €132,132 | -€10,964 | -7.7% |
| Land and buildings | 22 | €97,342 | €93,147 | -€4,195 | -4.3% |
| Plant, machinery and equipment | 23 | €6,989 | €16,539 | +€9,549 | +137% |
| Furniture and vehicles | 24 | €38,764 | €22,447 | -€16,318 | -42.1% |
| Financial fixed assets | 28 | €370 | €370 | = | 0.0% |
| Current assets | 29/58 | €179,832 | €210,504 | +€30,672 | +17.1% |
| Amounts receivable after more than one year | 29 | €20,000 | €17,000 | -€3,000 | -15.0% |
| Other amounts receivable | 291 | €20,000 | €17,000 | -€3,000 | -15.0% |
| Amounts receivable within one year | 40/41 | €24,579 | €42,458 | +€17,878 | +72.7% |
| Trade receivables | 40 | €10,754 | €28,448 | +€17,694 | +165% |
| Other amounts receivable | 41 | €13,825 | €14,010 | +€184 | +1.3% |
| Cash at bank and in hand | 54/58 | €132,570 | €147,998 | +€15,428 | +11.6% |
| Deferred charges and accrued income | 490/1 | €2,683 | €3,048 | +€365 | +13.6% |
| Total equity and liabilities | 10/49 | €323,298 | €343,006 | +€19,708 | +6.1% |
| Equity | 10/15 | €256,175 | €285,483 | +€29,307 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €236,025 | €265,150 | +€29,125 | +12.3% |
| Tax-exempt reserves | 132 | €3,265 | €1,390 | -€1,875 | -57.4% |
| Distributable reserves | 133 | €232,760 | €263,760 | +€31,000 | +13.3% |
| Profit (loss) carried forward | 14 | €1,550 | €1,733 | +€182 | +11.8% |
| Provisions and deferred taxes | 16 | €3,744 | €3,119 | -€625 | -16.7% |
| Deferred taxes | 168 | €3,744 | €3,119 | -€625 | -16.7% |
| Amounts payable | 17/49 | €63,379 | €54,405 | -€8,974 | -14.2% |
| Amounts payable after more than one year | 17 | €19,281 | €4,916 | -€14,365 | -74.5% |
| Financial debts | 170/4 | €19,281 | €4,916 | -€14,365 | -74.5% |
| Amounts payable within one year | 42/48 | €44,097 | €49,489 | +€5,391 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €13,810 | €14,365 | +€555 | +4.0% |
| Trade debts | 44 | €1,627 | €677 | -€949 | -58.4% |
| Suppliers | 440/4 | €1,627 | €677 | -€949 | -58.4% |
| Taxes, remuneration and social security | 45 | €5,110 | €14,446 | +€9,335 | +183% |
| Taxes | 450/3 | €5,110 | €14,446 | +€9,335 | +183% |
| Other amounts payable | 47/48 | €23,550 | €20,000 | -€3,550 | -15.1% |
| Remuneration, social security and pensions | 62 | €164 | €168 | +€3 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,671 | €24,437 | +€3,765 | +18.2% |
| Other operating charges | 640/8 | €3,808 | €2,890 | -€919 | -24.1% |
| Gross operating margin | 9900 | €40,687 | €100,499 | +€59,812 | +147% |
| Operating profit (loss) | 9901 | €16,043 | €73,005 | +€56,962 | +355% |
| Financial income | 75/76B | €1,876 | €1,668 | -€208 | -11.1% |
| Recurring financial income | 75 | €1,876 | €1,668 | -€208 | -11.1% |
| Financial charges | 65/66B | €1,468 | €1,190 | -€278 | -18.9% |
| Recurring financial charges | 65 | €1,468 | €1,190 | -€278 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €16,451 | €73,483 | +€57,032 | +347% |
| Transfer from deferred taxes | 780 | €625 | €625 | +€0 | 0.0% |
| Income taxes | 67/77 | €6,558 | €24,801 | +€18,243 | +278% |
| Profit (loss) for the period | 9904 | €10,518 | €49,307 | +€38,789 | +369% |
| Transfer from tax-exempt reserves | 789 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,393 | €51,182 | +€38,789 | +313% |
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 17 October 2026 via checked.be.