KDR 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.
KDR KINE
Largest movements
- Receivables after one year -€30,000
down €30,000 (-100.0%), from €30,000 to €0
of which Other amounts receivable: -€30,000
- Cash +€6,297
up €6,297 (+67.5%), from €9,328 to €15,625
mainly Receivables after one year (+€30,000) and Net result for the year (+€22,444)
- Receivables within one year -€2,832
down €2,832 (-10.9%), from €26,023 to €23,192
of which Trade receivables: -€2,157
- Reserves -€37,556
down €37,556 (-62.6%), from €59,998 to €22,442
- Other debts +€8,717
up €8,717 (+736.7%), from €1,183 to €9,901
- Short-term financial debts +€2,370
new in 2025: €2,370
- Gross operating margin +€5,927
up €5,927 (+24.0%), from €24,732 to €30,659
- Taxes +€1,468
up €1,468 (+28.0%), from €5,234 to €6,702
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 | €66,634 | €40,259 | -€26,375 | -39.6% |
| Fixed assets | 21/28 | €1,062 | €719 | -€343 | -32.3% |
| Tangible fixed assets | 22/27 | €1,062 | €719 | -€343 | -32.3% |
| Other tangible fixed assets | 26 | €1,062 | €719 | -€343 | -32.3% |
| Current assets | 29/58 | €65,572 | €39,540 | -€26,031 | -39.7% |
| Amounts receivable after more than one year | 29 | €30,000 | €0 | -€30,000 | -100.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €30,000 | €0 | -€30,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €26,023 | €23,192 | -€2,832 | -10.9% |
| Trade receivables | 40 | €23,232 | €21,075 | -€2,157 | -9.3% |
| Other amounts receivable | 41 | €2,791 | €2,117 | -€675 | -24.2% |
| Cash at bank and in hand | 54/58 | €9,328 | €15,625 | +€6,297 | +67.5% |
| Deferred charges and accrued income | 490/1 | €220 | €724 | +€504 | +229.0% |
| Total equity and liabilities | 10/49 | €66,634 | €40,259 | -€26,375 | -39.6% |
| Equity | 10/15 | €64,998 | €27,442 | -€37,556 | -57.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €59,998 | €22,442 | -€37,556 | -62.6% |
| Distributable reserves | 133 | €59,998 | €22,442 | -€37,556 | -62.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,636 | €12,817 | +€11,181 | +683.5% |
| Amounts payable within one year | 42/48 | €1,636 | €12,817 | +€11,181 | +683.5% |
| Financial debts | 43 | - | €2,370 | +€2,370 | |
| Credit institutions | 430/8 | - | €2,370 | +€2,370 | |
| Trade debts | 44 | €452 | €319 | -€134 | -29.5% |
| Suppliers | 440/4 | €452 | €319 | -€134 | -29.5% |
| Taxes, remuneration and social security | 45 | €0 | €227 | +€227 | |
| Taxes | 450/3 | €0 | €227 | +€227 | |
| Other amounts payable | 47/48 | €1,183 | €9,901 | +€8,717 | +736.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €343 | €343 | = | 0.0% |
| Other operating charges | 640/8 | €803 | €826 | +€22 | +2.8% |
| Gross operating margin | 9900 | €24,732 | €30,659 | +€5,927 | +24.0% |
| Operating profit (loss) | 9901 | €23,586 | €29,490 | +€5,905 | +25.0% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €191 | €344 | +€153 | +80.2% |
| Recurring financial charges | 65 | €191 | €344 | +€153 | +80.2% |
| Profit (loss) for the period before taxes | 9903 | €23,395 | €29,147 | +€5,752 | +24.6% |
| Income taxes | 67/77 | €5,234 | €6,702 | +€1,468 | +28.0% |
| Profit (loss) for the period | 9904 | €18,161 | €22,444 | +€4,284 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,161 | €22,444 | +€4,284 | +23.6% |
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.