KINAXE: 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.
KINAXE
Largest movements
- Cash +€32,224
up €32,224 (+72.1%), from €44,670 to €76,894
mainly Net result for the year (+€47,483) and Total equity and liabilities (+€43,360)
- Tangible fixed assets +€27,090
up €27,090 (+60.6%), from €44,715 to €71,805
of which Other tangible fixed assets: +€17,221
- Receivables within one year -€15,171
down €15,171 (-69.7%), from €21,775 to €6,604
of which Trade receivables: -€17,549
- Total equity and liabilities +€43,360
up €43,360 (+38.2%), from €113,488 to €156,847
of which Equity: +€41,916
- Gross operating margin +€10,064
up €10,064 (+13.9%), from €72,446 to €82,510
- Depreciation +€9,482
up €9,482 (+334%), from €2,839 to €12,321
- Taxes -€2,946
down €2,946 (-13.8%), from €21,341 to €18,396
- Other operating charges +€2,218
up €2,218 (+2,008%), from €111 to €2,329
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 | €113,488 | €156,847 | +€43,360 | +38.2% |
| Fixed assets | 21/28 | €44,715 | €71,805 | +€27,090 | +60.6% |
| Tangible fixed assets | 22/27 | €44,715 | €71,805 | +€27,090 | +60.6% |
| Plant, machinery and equipment | 23 | €9,581 | €7,598 | -€1,983 | -20.7% |
| Furniture and vehicles | 24 | €2,499 | €14,351 | +€11,852 | +474% |
| Other tangible fixed assets | 26 | €32,635 | €49,856 | +€17,221 | +52.8% |
| Current assets | 29/58 | €68,772 | €85,042 | +€16,270 | +23.7% |
| Amounts receivable within one year | 40/41 | €21,775 | €6,604 | -€15,171 | -69.7% |
| Trade receivables | 40 | €17,549 | - | -€17,549 | |
| Other amounts receivable | 41 | €7,226 | €6,604 | -€621 | -8.6% |
| Cash at bank and in hand | 54/58 | €44,670 | €76,894 | +€32,224 | +72.1% |
| Deferred charges and accrued income | 490/1 | €2,328 | €1,544 | -€784 | -33.7% |
| Total equity and liabilities | 10/49 | €113,488 | €156,847 | +€43,360 | +38.2% |
| Equity | 10/15 | €109,937 | €151,853 | +€41,916 | +38.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,018 | €91,501 | +€47,483 | +108% |
| Distributable reserves | 133 | €44,018 | €91,501 | +€47,483 | +108% |
| Profit (loss) carried forward | 14 | €104,937 | €55,352 | -€49,585 | -47.3% |
| Amounts payable | 17/49 | €4,892 | €4,995 | +€103 | +2.1% |
| Amounts payable within one year | 42/48 | €4,892 | €4,995 | +€103 | +2.1% |
| Trade debts | 44 | €2,876 | €2,141 | -€735 | -25.6% |
| Suppliers | 440/4 | €2,876 | €2,141 | -€735 | -25.6% |
| Taxes, remuneration and social security | 45 | €2,016 | €2,491 | +€475 | +23.6% |
| Taxes | 450/3 | €2,016 | €2,491 | +€475 | +23.6% |
| Other amounts payable | 47/48 | - | €363 | +€363 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,839 | €12,321 | +€9,482 | +334% |
| Other operating charges | 640/8 | €111 | €2,329 | +€2,218 | +2,008% |
| Gross operating margin | 9900 | €72,446 | €82,510 | +€10,064 | +13.9% |
| Operating profit (loss) | 9901 | €69,496 | €67,860 | -€1,637 | -2.4% |
| Financial income | 75/76B | €343 | €625 | +€282 | +82.0% |
| Recurring financial income | 75 | €343 | €625 | +€282 | +82.0% |
| Financial charges | 65/66B | €3,143 | €2,606 | -€536 | -17.1% |
| Recurring financial charges | 65 | €3,143 | €2,606 | -€536 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €66,688 | €65,878 | -€810 | -1.2% |
| Income taxes | 67/77 | €21,341 | €18,396 | -€2,946 | -13.8% |
| Profit (loss) for the period | 9904 | €49,585 | €47,483 | -€2,103 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,585 | €47,483 | -€2,103 | -4.2% |
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.