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.
KINE +
Largest movements
- Cash -€29,427
down €29,427 (-26.9%), from €109,393 to €79,965
mainly Receivables within one year (-€24,305) and Investment in fixed assets (net) (-€15,976)
- Receivables within one year +€24,305
up €24,305 (+457.9%), from €5,308 to €29,613
of which Trade receivables: +€20,881
- Tangible fixed assets +€9,315
up €9,315 (+76.1%), from €12,244 to €21,559
of which Land and buildings: +€12,574
- Other debts +€12,431
up €12,431 (+147.0%), from €8,459 to €20,890
- Profit (loss) carried forward -€5,741
down €5,741 (-8.2%), from €69,752 to €64,011
- Accrued charges and deferred income +€5,395
up €5,395 (+33.1%), from €16,318 to €21,713
- Current portion of long-term debt -€3,350
down €3,350 (-63.3%), from €5,292 to €1,942
- Tax, wage and social debts -€3,130
down €3,130 (-78.3%), from €3,997 to €866
of which Taxes: -€3,111
- Gross operating margin -€34,624
down €34,624 (-70.1%), from €49,403 to €14,779
- Taxes -€5,821
no longer reported in 2025 (was €5,821)
- Other operating charges -€1,165
no longer reported in 2025 (was €1,165)
- Write-downs +€1,098
new in 2025: €1,098
- Staff costs -€1,018
down €1,018 (-7.9%), from €12,822 to €11,804
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 | €127,127 | €131,244 | +€4,117 | +3.2% |
| Fixed assets | 21/28 | €12,344 | €21,659 | +€9,315 | +75.5% |
| Tangible fixed assets | 22/27 | €12,244 | €21,559 | +€9,315 | +76.1% |
| Land and buildings | 22 | - | €12,574 | +€12,574 | |
| Plant, machinery and equipment | 23 | €11,594 | €7,724 | -€3,870 | -33.4% |
| Furniture and vehicles | 24 | €651 | €1,261 | +€611 | +93.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €114,783 | €109,585 | -€5,198 | -4.5% |
| Amounts receivable within one year | 40/41 | €5,308 | €29,613 | +€24,305 | +457.9% |
| Trade receivables | 40 | - | €20,881 | +€20,881 | |
| Other amounts receivable | 41 | €5,308 | €8,731 | +€3,424 | +64.5% |
| Cash at bank and in hand | 54/58 | €109,393 | €79,965 | -€29,427 | -26.9% |
| Deferred charges and accrued income | 490/1 | €82 | €7 | -€75 | -91.4% |
| Total equity and liabilities | 10/49 | €127,127 | €131,244 | +€4,117 | +3.2% |
| Equity | 10/15 | €90,432 | €84,691 | -€5,741 | -6.3% |
| Contributions | 10/11 | €18,800 | €18,800 | = | 0.0% |
| Reserves | 13 | €1,880 | €1,880 | = | 0.0% |
| Distributable reserves | 133 | €1,880 | €1,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,752 | €64,011 | -€5,741 | -8.2% |
| Amounts payable | 17/49 | €36,695 | €46,553 | +€9,857 | +26.9% |
| Amounts payable after more than one year | 17 | €1,942 | - | -€1,942 | |
| Financial debts | 170/4 | €1,942 | - | -€1,942 | |
| Amounts payable within one year | 42/48 | €18,435 | €24,840 | +€6,405 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €5,292 | €1,942 | -€3,350 | -63.3% |
| Trade debts | 44 | €687 | €1,141 | +€455 | +66.2% |
| Suppliers | 440/4 | €687 | €1,141 | +€455 | +66.2% |
| Taxes, remuneration and social security | 45 | €3,997 | €866 | -€3,130 | -78.3% |
| Taxes | 450/3 | €3,111 | - | -€3,111 | |
| Remuneration and social security | 454/9 | €886 | €866 | -€20 | -2.2% |
| Other amounts payable | 47/48 | €8,459 | €20,890 | +€12,431 | +147.0% |
| Accrued charges and deferred income | 492/3 | €16,318 | €21,713 | +€5,395 | +33.1% |
| Remuneration, social security and pensions | 62 | €12,822 | €11,804 | -€1,018 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,487 | €6,662 | +€175 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,098 | +€1,098 | |
| Other operating charges | 640/8 | €1,165 | - | -€1,165 | |
| Gross operating margin | 9900 | €49,403 | €14,779 | -€34,624 | -70.1% |
| Operating profit (loss) | 9901 | €28,930 | -€4,784 | -€33,713 | |
| Financial income | 75/76B | €254 | €459 | +€205 | +80.5% |
| Recurring financial income | 75 | €254 | €459 | +€205 | +80.5% |
| Financial charges | 65/66B | €1,367 | €1,416 | +€49 | +3.6% |
| Recurring financial charges | 65 | €1,367 | €1,416 | +€49 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €27,817 | -€5,741 | -€33,558 | |
| Income taxes | 67/77 | €5,821 | - | -€5,821 | |
| Profit (loss) for the period | 9904 | €21,995 | -€5,741 | -€27,736 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,995 | -€5,741 | -€27,736 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.