KIN'ETHIC: 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.
KIN'ETHIC
Largest movements
- Cash +€3,338
up €3,338 (+6.7%), from €49,571 to €52,909
mainly Net result for the year (+€22,128) and Tax, wage and social debts (+€1,137)
- Profit (loss) carried forward +€22,128
up €22,128 (+115.9%), from €19,100 to €41,227
- Other debts -€17,094
down €17,094 (-69.5%), from €24,599 to €7,505
- Accrued charges and deferred income -€3,958
no longer reported in 2025 (was €3,958)
- Tax, wage and social debts +€1,137
up €1,137 (+23.7%), from €4,794 to €5,932
- Trade debts +€763
up €763 (+10.5%), from €7,262 to €8,025
- Gross operating margin +€7,485
up €7,485 (+34.4%), from €21,731 to €29,216
- Taxes +€1,354
up €1,354 (+29.6%), from €4,578 to €5,932
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 | €64,714 | €67,690 | +€2,976 | +4.6% |
| Fixed assets | 21/28 | €2,136 | €1,511 | -€624 | -29.2% |
| Tangible fixed assets | 22/27 | €2,136 | €1,511 | -€624 | -29.2% |
| Furniture and vehicles | 24 | €2,136 | €1,511 | -€624 | -29.2% |
| Current assets | 29/58 | €62,578 | €66,178 | +€3,600 | +5.8% |
| Amounts receivable within one year | 40/41 | €13,007 | €13,007 | = | 0.0% |
| Trade receivables | 40 | €13,007 | €13,007 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €49,571 | €52,909 | +€3,338 | +6.7% |
| Deferred charges and accrued income | 490/1 | - | €262 | +€262 | |
| Total equity and liabilities | 10/49 | €64,714 | €67,690 | +€2,976 | +4.6% |
| Equity | 10/15 | €24,100 | €46,227 | +€22,128 | +91.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,100 | €41,227 | +€22,128 | +115.9% |
| Amounts payable | 17/49 | €40,614 | €21,462 | -€19,152 | -47.2% |
| Amounts payable within one year | 42/48 | €36,656 | €21,462 | -€15,193 | -41.4% |
| Trade debts | 44 | €7,262 | €8,025 | +€763 | +10.5% |
| Suppliers | 440/4 | €7,262 | €8,025 | +€763 | +10.5% |
| Taxes, remuneration and social security | 45 | €4,794 | €5,932 | +€1,137 | +23.7% |
| Taxes | 450/3 | €4,794 | €5,932 | +€1,137 | +23.7% |
| Other amounts payable | 47/48 | €24,599 | €7,505 | -€17,094 | -69.5% |
| Accrued charges and deferred income | 492/3 | €3,958 | - | -€3,958 | |
| Remuneration, social security and pensions | 62 | €22 | - | -€22 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €624 | €624 | = | 0.0% |
| Other operating charges | 640/8 | €552 | €400 | -€153 | -27.6% |
| Gross operating margin | 9900 | €21,731 | €29,216 | +€7,485 | +34.4% |
| Operating profit (loss) | 9901 | €20,532 | €28,192 | +€7,660 | +37.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €231 | €133 | -€99 | -42.6% |
| Recurring financial charges | 65 | €231 | €133 | -€99 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €20,301 | €28,059 | +€7,758 | +38.2% |
| Income taxes | 67/77 | €4,578 | €5,932 | +€1,354 | +29.6% |
| Profit (loss) for the period | 9904 | €15,723 | €22,128 | +€6,405 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,723 | €22,128 | +€6,405 | +40.7% |
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 29 September 2026 via checked.be.