K-Ines: 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.
K-Ines
Largest movements
- Tangible fixed assets -€8,034
down €8,034 (-4.2%), from €190,547 to €182,513
of which Land and buildings: -€7,703
- Receivables within one year -€4,785
down €4,785 (-30.5%), from €15,672 to €10,887
of which Trade receivables: -€5,228
- Deferred charges and accrued income -€3,916
down €3,916 (-95.1%), from €4,118 to €203
- Other debts -€12,583
no longer reported in 2025 (was €12,583)
- Debts after one year -€6,807
down €6,807 (-3.7%), from €183,916 to €177,109
- Gross operating margin -€17,672
down €17,672 (-47.6%), from €37,101 to €19,429
- Financial charges +€4,488
up €4,488 (+143.8%), from €3,120 to €7,608
- Depreciation +€4,343
up €4,343 (+117.6%), from €3,691 to €8,034
- Other operating charges -€1,852
down €1,852 (-44.0%), from €4,204 to €2,352
- Taxes -€1,708
down €1,708 (-66.6%), from €2,565 to €857
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 | €225,136 | €208,656 | -€16,480 | -7.3% |
| Fixed assets | 21/28 | €190,547 | €182,513 | -€8,034 | -4.2% |
| Tangible fixed assets | 22/27 | €190,547 | €182,513 | -€8,034 | -4.2% |
| Land and buildings | 22 | €189,050 | €181,347 | -€7,703 | -4.1% |
| Furniture and vehicles | 24 | €1,497 | €1,167 | -€330 | -22.1% |
| Current assets | 29/58 | €34,589 | €26,143 | -€8,447 | -24.4% |
| Amounts receivable within one year | 40/41 | €15,672 | €10,887 | -€4,785 | -30.5% |
| Trade receivables | 40 | €15,672 | €10,444 | -€5,228 | -33.4% |
| Other amounts receivable | 41 | - | €443 | +€443 | |
| Cash at bank and in hand | 54/58 | €14,798 | €15,053 | +€254 | +1.7% |
| Deferred charges and accrued income | 490/1 | €4,118 | €203 | -€3,916 | -95.1% |
| Total equity and liabilities | 10/49 | €225,136 | €208,656 | -€16,480 | -7.3% |
| Equity | 10/15 | €18,521 | €19,099 | +€578 | +3.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,521 | €17,099 | +€578 | +3.5% |
| Amounts payable | 17/49 | €206,615 | €189,557 | -€17,059 | -8.3% |
| Amounts payable after more than one year | 17 | €183,916 | €177,109 | -€6,807 | -3.7% |
| Financial debts | 170/4 | €183,916 | €177,109 | -€6,807 | -3.7% |
| Amounts payable within one year | 42/48 | €22,699 | €10,441 | -€12,258 | -54.0% |
| Current portion of amounts payable after more than one year | 42 | €6,545 | €6,807 | +€263 | +4.0% |
| Trade debts | 44 | €1,006 | €211 | -€795 | -79.0% |
| Suppliers | 440/4 | €1,006 | €211 | -€795 | -79.0% |
| Taxes, remuneration and social security | 45 | €2,565 | €3,422 | +€857 | +33.4% |
| Taxes | 450/3 | €2,565 | €3,422 | +€857 | +33.4% |
| Other amounts payable | 47/48 | €12,583 | - | -€12,583 | |
| Accrued charges and deferred income | 492/3 | - | €2,007 | +€2,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,691 | €8,034 | +€4,343 | +117.6% |
| Other operating charges | 640/8 | €4,204 | €2,352 | -€1,852 | -44.0% |
| Gross operating margin | 9900 | €37,101 | €19,429 | -€17,672 | -47.6% |
| Operating profit (loss) | 9901 | €29,206 | €9,043 | -€20,163 | -69.0% |
| Financial charges | 65/66B | €3,120 | €7,608 | +€4,488 | +143.8% |
| Recurring financial charges | 65 | €3,120 | €7,608 | +€4,488 | +143.8% |
| Profit (loss) for the period before taxes | 9903 | €26,086 | €1,435 | -€24,651 | -94.5% |
| Income taxes | 67/77 | €2,565 | €857 | -€1,708 | -66.6% |
| Profit (loss) for the period | 9904 | €23,521 | €578 | -€22,942 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,521 | €578 | -€22,942 | -97.5% |
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 11 October 2026 via checked.be.