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.
KINE
Largest movements
- Financial fixed assets +€33,000
up €33,000 (+894.3%), from €3,690 to €36,690
- Cash +€9,755
up €9,755 (+57.0%), from €17,117 to €26,872
mainly Net result for the year (+€44,919) and Depreciation (+€9,572)
- Tangible fixed assets -€5,366
down €5,366 (-34.1%), from €15,717 to €10,351
of which Plant, machinery and equipment: -€4,933
- Intangible fixed assets -€4,206
down €4,206 (-16.8%), from €24,991 to €20,785
- Receivables within one year -€2,213
no longer reported in 2025 (was €2,213)
- Reserves +€44,086
up €44,086 (+483.3%), from €9,121 to €53,207
- Other debts -€13,384
down €13,384 (-80.3%), from €16,660 to €3,276
- Debts after one year -€10,800
down €10,800 (-66.7%), from €16,200 to €5,400
- Tax, wage and social debts +€8,833
up €8,833 (+1177.8%), from €750 to €9,583
- Trade debts +€4,120
up €4,120 (+45.8%), from €8,998 to €13,118
- Gross operating margin +€53,570
up €53,570 (+230.8%), from €23,214 to €76,783
- Taxes +€16,047
up €16,047 (+575.9%), from €2,787 to €18,834
- Other operating charges +€1,437
up €1,437 (+171.4%), from €838 to €2,275
- Depreciation +€856
up €856 (+9.8%), from €8,716 to €9,572
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 | €63,729 | €96,584 | +€32,855 | +51.6% |
| Fixed assets | 21/28 | €44,398 | €67,827 | +€23,428 | +52.8% |
| Intangible fixed assets | 21 | €24,991 | €20,785 | -€4,206 | -16.8% |
| Tangible fixed assets | 22/27 | €15,717 | €10,351 | -€5,366 | -34.1% |
| Plant, machinery and equipment | 23 | €14,643 | €9,710 | -€4,933 | -33.7% |
| Furniture and vehicles | 24 | €1,074 | €641 | -€433 | -40.3% |
| Financial fixed assets | 28 | €3,690 | €36,690 | +€33,000 | +894.3% |
| Current assets | 29/58 | €19,331 | €28,757 | +€9,427 | +48.8% |
| Amounts receivable within one year | 40/41 | €2,213 | - | -€2,213 | |
| Other amounts receivable | 41 | €2,213 | - | -€2,213 | |
| Cash at bank and in hand | 54/58 | €17,117 | €26,872 | +€9,755 | +57.0% |
| Deferred charges and accrued income | 490/1 | - | €1,885 | +€1,885 | |
| Total equity and liabilities | 10/49 | €63,729 | €96,584 | +€32,855 | +51.6% |
| Equity | 10/15 | €10,321 | €54,407 | +€44,086 | +427.1% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €9,121 | €53,207 | +€44,086 | +483.3% |
| Distributable reserves | 133 | €9,121 | €53,207 | +€44,086 | +483.3% |
| Amounts payable | 17/49 | €53,408 | €42,177 | -€11,231 | -21.0% |
| Amounts payable after more than one year | 17 | €16,200 | €5,400 | -€10,800 | -66.7% |
| Financial debts | 170/4 | €16,200 | €5,400 | -€10,800 | -66.7% |
| Amounts payable within one year | 42/48 | €37,208 | €36,777 | -€431 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €10,800 | €10,800 | = | 0.0% |
| Trade debts | 44 | €8,998 | €13,118 | +€4,120 | +45.8% |
| Suppliers | 440/4 | €8,998 | €13,118 | +€4,120 | +45.8% |
| Taxes, remuneration and social security | 45 | €750 | €9,583 | +€8,833 | +1177.8% |
| Taxes | 450/3 | €750 | €9,583 | +€8,833 | +1177.8% |
| Other amounts payable | 47/48 | €16,660 | €3,276 | -€13,384 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,716 | €9,572 | +€856 | +9.8% |
| Other operating charges | 640/8 | €838 | €2,275 | +€1,437 | +171.4% |
| Gross operating margin | 9900 | €23,214 | €76,783 | +€53,570 | +230.8% |
| Operating profit (loss) | 9901 | €13,659 | €64,936 | +€51,277 | +375.4% |
| Financial income | 75/76B | €9 | €2 | -€7 | -77.2% |
| Recurring financial income | 75 | €9 | €2 | -€7 | -77.2% |
| Financial charges | 65/66B | €901 | €1,186 | +€285 | +31.6% |
| Recurring financial charges | 65 | €901 | €1,186 | +€285 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €12,767 | €63,752 | +€50,985 | +399.4% |
| Income taxes | 67/77 | €2,787 | €18,834 | +€16,047 | +575.9% |
| Profit (loss) for the period | 9904 | €9,980 | €44,919 | +€34,938 | +350.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,980 | €44,919 | +€34,938 | +350.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.